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Daily Dispatches
Basel 3 to trigger 'liquidity squeeze,' gold price could be $2,100 by year-end, Goldex CEO says
Submitted by admin on Wed, 2021-06-23 15:15 Section: Daily DispatchesBy Anna Golubova
Kitco News, Montreal
Tuesday, June 22, 2021
The risk with Basel III is a major shift toward allocated gold, which could trigger a liquidity squeeze in the physical metal and lead to higher prices by the end of the year, according to Goldex CEO Sylvia Carrasco.
The impact of the Basel III agreement, which will come into force on June 28, for European banks and on January 1, 2022, for British banks, is being debated by many gold industry experts, with opinions ranging from "everything will change" to "no impact at all."
Jim Rickards: The 'great reset' is here
Submitted by admin on Wed, 2021-06-23 14:50 Section: Daily DispatchesBy James G. Rickards
Daily Reckoning, Baltimore
Tuesday, June 15, 2021
For years currency analysts (myself included) have looked for signs of an international monetary "reset" that would diminish the dollar's role as the leading reserve currency and replace it with a substitute, which would be agreed upon at some Bretton Woods-style monetary conference.
Now it looks like the move toward the long-expected Great Reset is accelerating.
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Inflation will get far worse as debt has to be inflated away with dollar, GATA's Steer says
Submitted by admin on Wed, 2021-06-23 14:43 Section: Daily Dispatches2:40p ET Wednesday, June 23, 2021
Dear Friend of GATA and Gold:
Interviewed by talk-show host Dave Janda on WAAM-AM1600 in Ann Arbor, Michigan, GATA board member Ed Steer says inflation will get far worse as worldwide debt, which long ago became unpayable, has to be defaulted upon or inflated away, especially in U.S. dollar terms. The interview is 22 minutes long and can be heard at YouTube here:
New York Sun: The dollar lying in wait
Submitted by admin on Wed, 2021-06-23 14:37 Section: Daily DispatchesFrom The New York Sun
Wednesday, June 23, 2021
Paul Krugman is out with his latest column --
Craig Hemke: After the smash, rising debt, negative rates still support metals
Submitted by admin on Tue, 2021-06-22 22:20 Section: Daily DispatchesBy Craig Hemke
Sprott Money, Toronto
Tuesday, June 22, 2021
Once again it was the "escalator up and elevator shaft down" for the Comex digital metals. What does this mean for price moving forward and into the second half of 2021?
First off, we should address what happened and why the precious metals (and most commodities) reacted as violently as they did last week after the June Federal Open Market Committee meeting.
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Fed's cartoons promise 'just the right amount of inflation'
Submitted by admin on Tue, 2021-06-22 14:47 Section: Daily DispatchesThat's all, folks.
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Federal Reserve Builds Lego Town to Explain Inflatin
By Catarina Saraiva
Bloomberg News
via The Detroit News
Monday, June 21, 2021
Metals manipulation worse than ever relative to fundamentals, Murphy says
Submitted by admin on Tue, 2021-06-22 12:08 Section: Daily Dispatches11:59a ET Tuesday, June 22, 2021
Dear Friend of GATA and Gold:
Ex-Deutsche Bank trader Vorley sentenced to year in prison for spoofing
Submitted by admin on Mon, 2021-06-21 21:50 Section: Daily DispatchesBy Janan Hanna
Bloomberg News
Monday, June 22, 2021
A former Deutsche Bank trader today was ordered to serve one year and a day in prison for manipulating gold and silver prices with bogus "spoof" trade orders between 2008 and 2013.
James Vorley, who was convicted of fraud in September, was sentenced by U.S. District Judge John J. Tharp Jr. in Chicago. Vorley's former co-worker, Cedric Chanu, is scheduled to be sentenced on June 28.
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Ghana's central bank launches local gold purchase program
Submitted by admin on Sat, 2021-06-19 12:51 Section: Daily DispatchesGhana's central bank launches local gold purchase program
By Paul Jacobs
African Mining Market, Johannesburg
Saturday, June 19, 2021
In its bid to shore up the foreign exchange reserves, the Bank of Ghana has launched a domestic gold purchase program that will enable it to buy gold from local aggregators and mining firms and pay in local currency at the prevailing market price.
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Charles Hugh Smith: Capitalism for the powerless, crony socialism for the powerful
Submitted by admin on Sat, 2021-06-19 12:25 Section: Daily DispatchesBy Charles Hugh Smith
OfTwoMinds.com
Friday, June 18, 2021
The only dynamic that's even faintly "capitalist" about America's crony-socialism is that the price of political corruption is still a "market."
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