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Daily Dispatches
Kitco lets fund manager Frank Holmes acknowledge gold rigging by central banks
Submitted by admin on Fri, 2021-05-14 15:48 Section: Daily Dispatches3:48p ET Friday, May 14, 2021
Dear Friend of GATA and Gold:
Kitco News today takes another baby step toward reality and relevance as its correspondent David Lin prompts fund manager Frank Holmes of U.S. Global Investors to explain gold's poor performance this year, despite the explosion of inflation, as a matter of central bank efforts to "stabilize" the monetary metal's price via manipulation of the futures markets.
As gold and silver join commodity boom, try The Calandra Report and help GATA
Submitted by admin on Fri, 2021-05-14 12:31 Section: Daily Dispatches12:33p ET Friday, May 14, 2021
Dear Friend of GATA and Gold:
With gold and silver showing strong signs of breaking out at last and the London Bullion Market Association appealing for central bank help to keep monetary metals prices down --
-- interest in gold and silver mining shares is rebounding.
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Robert Lambourne: BIS' gold swaps fell in March and April but remain high
Submitted by admin on Fri, 2021-05-14 12:00 Section: Daily DispatchesBy Robert Lambourne
Friday, May 14, 2021
The recently reported March and April statements of account of the Bank for International Settlements disclose a decline in gold swaps from the record high estimated at 552 tonnes as at February 26, 2021.
The latest estimates are 487 tonnes as at March 31 and 472 tonnes as of April 30.
Ambrose Evans-Pritchard: Markets are losing faith in the Federal Reserve's credibility
Submitted by admin on Thu, 2021-05-13 13:24 Section: Daily DispatchesBy Ambrose Evans-Pritchard
The Telegraph, London
Thursday, May 13, 2021
The United States is engaged in an astonishing monetary experiment. The Federal Reserve is still conducting quantitative easing even as the rate of headline inflation hit 4.2 percent.
Core inflation has risen to a 25-year high of 3 percent, recording the biggest jump in a single month since 1981. Factory gate inflation has been running at a 7.1 percent annual growth rate over the last six months even before full reopening.
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Alasdair Macleod: The end of the LBMA is nigh
Submitted by admin on Thu, 2021-05-13 11:43 Section: Daily DispatchesBy Alasdair Macleod
GoldMoney, St. Hellier, Jersey, Channel Islands
Thursday, May 13, 2021
Basel 3 is on course to regulate the LBMA out of existence. And with it will go all the associated arbitrage business and position-taking on Comex, because most bullion bank trading desks will cease to exist. The only supply to buy-side speculators of gold and silver contracts will be producer hedging.
As gold and silver join commodity boom, try The Calandra Report and help GATA
Submitted by admin on Thu, 2021-05-13 10:53 Section: Daily Dispatches10:52a ET Thursday, May 13, 2021
Dear Friend of GATA and Gold:
With gold and silver showing strong signs of breaking out at last and the London Bullion Market Association appealing for central bank help to keep monetary metals prices down --
-- interest in gold and silver mining shares is rebounding.
... Dispatch continues below ...
ADVERTISEMENT
Inflation will push metals past price capping, Turk tells KWN
Submitted by admin on Wed, 2021-05-12 19:41 Section: Daily Dispatches7:40p ET Wednesday, May 12, 2021
Dear Friend of GATA and Gold:
GoldMoney founder and GATA consultant James Turk tells King World News today that soaring inflation will push gold and silver past the price capping of the futures market.
Turk's analysis is headlined "Gold, Silver, Stock Market -- What a Wild Day" and it's posted at KWN here:
https://kingworldnews.com/gold-silver-stock-market-what-a-wild-day/
Dutch chemicals firm's pension fund buys gold for diversification
Submitted by admin on Wed, 2021-05-12 16:47 Section: Daily DispatchesBy Sameer Van Alfen
Investment & Pensions Europe, London
Wednesday, May 12, 2021
The Dutch pension fund for specialty chemicals firm DSM has made a 5% investment in physical gold because of its diversification benefits, it claimed.
The investment in the precious metal, which started October 2020, was the result of a reduction in the fund's exposure to government bonds by 10 percentage points because of a negative expected return on the asset class.
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Dave Kranzler: Fed discontinues publishing still more important economic data
Submitted by admin on Tue, 2021-05-11 23:57 Section: Daily DispatchesBy Dave Kranzler
Investment Research Dynamics, Denver
Tuesday, May 11, 2021
Over the years I've learned to keep one hand on my wallet and one hand on my physical gold and silver safe when a Federal Reserve official promises more transparency.
Right after Federal Reserve Chairman Ben Bernanke promised more transparency, the Fed decided to no longer report the M3 measure of the money supply. The United States is the only major industrialized country that does not report M3.
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Ronan Manly: LBMA admits its boast of record silver hoard was false
Submitted by admin on Tue, 2021-05-11 23:43 Section: Daily DispatchesLBMA Misleads Silver Market with False Claims about Record Silver Stocks
By Ronan Manly
Bullion Star, Singapore
Tuesday, May 11, 2021
In a shocking retraction, the bullion bank-dominated London Bullion Market Association has just announced that it has been overstating LBMA silver vault holdings by a massive 3,300 tonnes of silver.
This overstatement relates to the total quantity of physical silver bars that the LBMA claimed were being held in LBMA vaults in London as of end of March 2021.
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