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USA Gold's April 'News & Views' letter: 'The world is being tested to the extreme'
Submitted by admin on Thu, 2022-03-31 12:12 Section: Daily Dispatches12:12p ET Thursday, March 31, 2022
Dear Friend of GATA and Gold:
USA Gold's "News & Views" letter for April is headlined "The World Is Being Tested to the Extreme" and excerpts many observations from market analysts. The letter is posted in the clear here:
https://www.usagold.com/nv1040april2022/
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org
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Russian oil tankers turn off transponders, evade tracking
Submitted by admin on Thu, 2022-03-31 12:02 Section: Daily DispatchesBy Matt Egan
CNN, Atlanta
Wednesday, March 30, 2022
As the war in Ukraine drags on, Russian tankers carrying crude oil and petroleum products are increasingly disappearing from tracking systems.
So-called dark activity, where ships' transponders are turned off for hours at a time, has in the past been viewed by U.S. officials as a deceptive shipping practice that is often used to evade sanctions.
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Putin says Russia will enforce ruble payments for gas from Friday
Submitted by admin on Thu, 2022-03-31 11:04 Section: Daily DispatchesFrom Reuters
Thursday, March 31, 2022
Russian President Vladimir Putin said today that he had signed a decree saying foreign buyers must pay in rubles for Russian gas from April 1, and contracts would be halted if these payments were not made.
"To purchase Russian natural gas, they must open ruble accounts in Russian banks. It is from these accounts that payments will be made for gas delivered starting from tomorrow," Putin said in televised remarks.
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Key U.S. inflation gauge sets 40-year high as gas and food soar
Submitted by admin on Thu, 2022-03-31 09:39 Section: Daily DispatchesAdjusted for inflation, consumer spending actually fell 0.4% last month.
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By Christopher Rugeber
Associated Press
Thursday, March 31, 2022
WASHINGTON -- An inflation gauge that is closely monitored by the Federal Reserve jumped 6.4% in February compared with a year ago, with sharply higher prices for food, gasoline, and other necessities squeezing Americans’ finances.
Kinross Gold nears sale of Russian mine to Russian mining executive
Submitted by admin on Wed, 2022-03-30 23:43 Section: Daily DispatchesBy Ben Dummett and Alistair MacDonald
The Wall Street Journal
Wednesday, March 30, 2022
Canadian miner Kinross Gold Corp. is in exclusive talks to sell its giant Arctic Russian mine to Fortiana Holdings Ltd., according to people familiar with the matter, a deal that if consummated could mark the first sale of an asset a Western company is leaving behind in Russia.
Fortiana is a Russian-backed investment firm with interests in gold mining assets.
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Russian ruble's rebound raises questions of sanctions' impact
Submitted by admin on Wed, 2022-03-30 23:33 Section: Daily DispatchesBy Ken Sweet and Ellen Knickmeyer
Associated Press
via Yahoo News, Sunnyvale, California
Wednesday, May 30, 2022
WASHINGTON -- The ruble is no longer rubble.
The Russian ruble by Wednesday had bounced back from the fall it took after the U.S. and European allies moved to bury the Russian economy under thousands of new sanctions over its invasion of Ukraine. Russian President Vladimir Putin has resorted to extreme financial measures to blunt the West’s penalties and inflate his currency.
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Chris Powell: Russia conscripts gold into defense of the ruble
Submitted by admin on Wed, 2022-03-30 23:06 Section: Daily DispatchesGold Market Manipulation Update
Remarks by Chris Powell
Secretary/Treasurer, Gold Anti-Trust Action Committee Inc.
Mining Investment Asia Conference
Intercontinental Hotel, Singapore
Thursday, March 31, 2022
In recent months gold market manipulation particularly and commodity futures market manipulation generally have been ever-more exciting fields of study.
GATA's Ed Steer interviewed by talk radio host Dave Janda
Submitted by admin on Wed, 2022-03-30 12:31 Section: Daily Dispatches12:31p ET Wednesday, March 30, 2022
Dear Friend of GATA and Gold:
GATA board member Ed Steer, publisher of Ed Steer's Gold and Silver Digest letter, discusses international economic affairs with talk radio host Dave Janda on WAAM-AM1500 in Ann Arbor, Michigan.
The interview is 24 minutes long and can be heard at Janda's Operation Freedom internet site here:
Strains in $23 trillion U.S government debt market intensify as Fed tightens
Submitted by admin on Wed, 2022-03-30 11:57 Section: Daily DispatchesBy Kate Duguid
Financial Times, London
Wednesday, March 30, 2022
Investors' ability to trade US government debt has deteriorated to its lowest point since the ructions of March 2020, deepening worries about the world's most important bond market as the Federal Reserve tightens monetary policy.
Liquidity, or the ease of buying and selling, in U.S. government securities has dropped since the beginning of this year, reaching levels not seen since the first months of the coronavirus crisis, according to an index compiled by Bloomberg.
Japan to ban Russia-bound exports of gold, may adopt more sanctions
Submitted by admin on Wed, 2022-03-30 11:27 Section: Daily DispatchesBy Tetsushi Kajimoto and Daniel Leussink
Reuters
Tuesday, March 29, 2022
TOKYO -- Japan will ban the shipment to Russia of precious metals, especially gold, in response to its invasion of Ukraine, the Ministry of Finance said on Tuesday.
The ban on Russia-bound precious metal reflects Prime Minister Fumio Kishida's resolve to impose further sanctions against the country, pledged at last week's meeting of leaders from the Group of Seven advanced nations.
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