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Daily Dispatches
The three unanswered questions that confirm gold price suppression policy
Submitted by admin on Wed, 2021-11-24 13:29 Section: Daily Dispatches1:31p ET Wednesday, November 24, 2021
Dear Friend of GATA and Gold:
Interviewed a few days ago by Gold Newsletter's Fergus Hodgson and Brien Lundin, your secretary/treasurer presented the three crucial questions that key government agencies refuse to answer about surreptitious intervention in the gold market by governments and central banks, refusals that effectively confirm gold price suppression policy.
Hochschild shares rebound after Peru reverses on mine closures
Submitted by admin on Wed, 2021-11-24 12:52 Section: Daily DispatchesBy Neil Hume and Mitra Tay
Financial Times, London
Wednesday, November 24, 2021
Shares in Hochschild Mining rose on Wednesday after Peru's government said it would not unilaterally close mines and would consider extending operating licences if legal requirements were met.
The London-listed company lost 25% of its market value on Monday after the Prime Minister Mirtha Vásquez said four mines in Peru's southern Ayacucho region -- including the company's flagship Inmaculada mine -- would be closed as soon as possible.
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Craig Hemke at Sprott Money: A new way of smashing gold futures prices
Submitted by admin on Tue, 2021-11-23 16:39 Section: Daily Dispatches4:38p ET Tuesday, November 23, 2021
Dear Friend of GATA and Gold:
The TF Metals Report's Craig Hemke, writing tonight at Sprott Money, lends credence to the contention of one of his subscribers that bullion banks just used a new mechanism of futures market manipulation to halt and then reverse the recent rally in the gold price.
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You can still review the New Orleans conference while helping GATA
Submitted by admin on Tue, 2021-11-23 16:01 Section: Daily Dispatches4:04p ET Tuesday, November 23, 2021
Dear Friend of GATA and Gold:
Last month's New Orleans Investment Conference was a great one, and doubly so for GATA, since the presentation by fund manager Lawrence Lepard praised the organization and was especially well-received:
But there were many other great presentations, including those by former U.S. Rep. Ron Paul, author and fund manager Jim Rickards, and financial analysts Grant Williams, Doug Casey, and Rick Rule.
Ancient Jerusalem silver coin is reminder that 'a currency is a sign of sovereignty'
Submitted by admin on Tue, 2021-11-23 15:40 Section: Daily Dispatches11-Year-Old Finds 'Holy Jerusalem' Silver Coin Likely Minted in the Temple
By Rossella Tercatin
Jerusalem Post
Tuesday, November 23, 2021
A rare silver coin from the first century was found by an 11-year-old girl volunteering in an archaeological project, the Antiquities Authority announced today. The coin was likely minted by a priest who joined the Jewish rebels against the Romans, which would make it one of the very few remains coming directly from the Temple.
JPMorganChase to pay $60 million to settle precious metals spoofing lawsuit
Submitted by admin on Tue, 2021-11-23 11:45 Section: Daily DispatchesBy Jonathan Stempel
Reuters
Friday, November 19, 2021
NEW YORK -- JPMorgan Chase & Co (JPM.N) agreed to pay $60 million to settle class-action litigation by investors who accused the largest U.S. bank of intentionally manipulating prices of precious metals futures and options.
The settlement disclosed today stemmed from sprawling U.S. government investigations into a form of illegal trading in precious metals and U.S. Treasury markets, known as spoofing.
Physical demand will defeat paper gold and silver, GATA chairman says
Submitted by admin on Mon, 2021-11-22 22:05 Section: Daily Dispatches10p ET Monday, November 22, 2021
Dear Friend of GATA and Gold:
Amid explosive inflation in most assets, gold and silver are down for the year, GATA Chairman Bill Murphy notes in an interview today with GoldSeek Radio's Chris Waltzek. But, Murphy adds, eventually demand for real metal will overwhelm the derivatives being used to suppress metals prices.
The interview is 6 minutes long and can be found at GoldSeek here:
Hochschild shares drop by a third as Peru seeks to shut mines
Submitted by admin on Mon, 2021-11-22 11:03 Section: Daily DispatchesNeil Hume and Gideon Long
Financial Times, London
Monday, November 22, 2021
The market value of Hochschild Mining dropped by almost a third today after Peru moved to close two of its mines on environmental grounds, deepening a clash between the mining industry and the left-leaning government.
Efforts to require royalty payments for mining on U.S. public lands keep failing
Submitted by admin on Sat, 2021-11-20 10:26 Section: Daily DispatchesThese Democrats Are Helping Companies Take Gold from Public Lands for Free
By Cody Nelson
Mother Jones, San Francisco
Saturday, November 20, 2021
Amid the recent skirmishes over revising the reconciliation bill, known as the Build Back Better Plan, lawmakers once again skipped a chance to reform the General Mining Law of 1872.
If bitcoin is 'digital gold,' it should be taxed like gold
Submitted by admin on Fri, 2021-11-19 23:15 Section: Daily DispatchesBy Chad Bayse
The Hill, Washington
Friday, November 19, 2021
As the U.S. government seeks ways to fund its swelling debt and deficits and seemingly ever increasing spending, a puzzling anomaly exists.
Investors have flocked to bitcoin and other cryptocurrencies yet receive a preferred tax rate on long-term profits as compared to gold bullion. This makes no sense if, as its advocates like to say, bitcoin is "digital gold."
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