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Daily Dispatches
Dave Kranzler: Are you ready for the next big move in gold and silver?
Submitted by admin on Wed, 2021-06-30 23:38 Section: Daily DispatchesBy Dave Kranzler
Investment Research Dynamics, Denver
Wednesday, July 30, 2021
The precious metals sector has been in a downtrend since August 2020.
The silver chart shows a high closing price last August. But the silver price has traded in a sideways trading channel since the end of last August. And actually, silver has been in a gentle uptrend since late October 2020.
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U.S. dollar's share of world FX reserves rises slightly to 59.5%
Submitted by admin on Wed, 2021-06-30 23:24 Section: Daily DispatchesFrom Reuters
Wednesday, June 30, 2021
NEW YORK -- The U.S. dollar's share of currency reserves reported to the International Monetary Fund edged up to 59.5% in the first quarter of the year, from 58.9% in the previous quarter, IMF data showed today.
USAGold's July 'News & Views': Gold in the age of inflation
Submitted by admin on Wed, 2021-06-30 12:06 Section: Daily Dispatches12:05p ET Wednesday, June 30, 2021
Dear Friend of GATA and Gold:
USAGold's July "News & Views" newsletter, headlined "Gold in the Age of Inflation," notes that the age began in 1971 with the severance of gold from the U.S. dollar and that gold actually has outperformed stocks since then.
July's "News & Views" is posted in the clear here:
Craig Hemke at Sprott Money: Comex silver offtake exceeds last year's record rate
Submitted by admin on Tue, 2021-06-29 16:06 Section: Daily Dispatches4p ET Tueday, June 28, 2021
Dear Friend of GATA and Gold:
Silver offtake on the New York Commodities Exchange is exceeding the rate that produced a record offtake last year, the TF Metals Report's Craig Hemke writes today at Sprott Money.
This is important, Hemke writes, "because even though price is still 'discovered' through the trading of the highly leveraged derivative contracts, the scramble for physical metal decreases the availability and opportunity for the banks to hedge-control-short the price at their discretion."
Matthew Piepenburg: Gold and Basel 3's trillion-dollar question
Submitted by admin on Tue, 2021-06-29 13:07 Section: Daily Dispatches1:07p ET Tueday, June 28, 2021
Dear Friend of GATA and Gold:
In commentary posted today at King World News, Matterhorn Asset Management's Matthew Piepenburg examines the possible impact of the "Basel 3" banking regulations on the price of gold. Some of it is favorable and some isn't.
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Asante Gold Acquires Key Exploration Land
on Ashanti and Asankrangwa Gold Belts in Ghana
Company Announcement
via Globe Newswire, Omaha, Nebraska
Friday, May 28, 2021
Mexico warns against cryptocurrency after billionaire endorses it for his bank
Submitted by admin on Tue, 2021-06-29 12:50 Section: Daily DispatchesBy Justin Villamil
Bloomberg News
Monday, June 28, 2021
Mexico's central bank said financial institutions aren't allowed to trade or offer services based on cryptocurrencies such as Bitcoin, a day after billionaire Ricardo Salinas Pliego said his bank is on the way to accepting the virtual token.
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U.S. home prices rise at fastest pace in more than 30 years
Submitted by admin on Tue, 2021-06-29 12:34 Section: Daily DispatchesBy Mamta Badkar
Financial Times, London
Tuesday, June 28, 2021
U.S. home price growth accelerated in April at the fastest pace in more than three decades as strong housing demand continued to come up against a shortage of residential properties.
The S&P Case-Shiller national home price index, which covers all nine U.S. census divisions, rose 14.6 per cent year on year in April, data today showed. That followed a 13.3 per cent annual jump in March, and was "the highest reading in more than 30 years," according to the report.
Second former Deutsche Bank 'spoof' trader gets a year in prison
Submitted by admin on Mon, 2021-06-28 22:21 Section: Daily DispatchesFrom Bloomberg Law, New York
Monday, June 28, 2021
A second former Deutsche Bank precious-metals trader was ordered to serve a year and a day in prison for manipulating gold and silver prices with bogus "spoof" trade orders between 2008 and 2013.
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USA Gold: Coins and Bullion Since 1973
Allocated beer meets unallocated gold in Scotland
Submitted by admin on Mon, 2021-06-28 20:09 Section: Daily DispatchesWinner of BrewDog's 'Solid Gold" Beer Can Finds Prize is Mainly Brass
By Rob Davies
The Guardian, London
Monday, June 28, 2021
A man who won a "solid gold" can of BrewDog beer has been left disappointed after the prize, which the Scottish brewery claims is worth L15,000, turned out to be largely made of brass.
BrewDog and its chief executive, James Watt, advertised the chance to win the can across multiple media platforms between November 2020 and March 2021 as part of a promotional competition.
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Fed’s Quarles says 'digital dollar' could pose considerable risks to financial system
Submitted by admin on Mon, 2021-06-28 19:51 Section: Daily DispatchesBy Greg Robb
WarketWatch, New York
Monday, June 28, 2021
Talk that the Federal Reserve should develop a "digital dollar" is everywhere, but a top U.S. central banker today signaled he isn't on board.
The Fed's top overseer of the banking system -- Fed Vice Chairman Randal Quarles -- said he doesn't see the benefits for a digital dollar and that the new product would "pose considerable risks" to the financial system.
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