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Daily Dispatches
SD Bullion CEO says price for real metal is 30% above 'spot,' if any metal is left
Submitted by cpowell on Mon, 2021-02-01 12:50 Section: Daily Dispatches12:50p ET Monday, February 1, 2021
Dear Friend of GATA and Gold:
USAGold's 'News & Views' letter for February
Submitted by cpowell on Mon, 2021-02-01 12:22 Section: Daily Dispatches12:20p ET Monday, February 1, 2021
Dear Friend of GATA and Gold:
While silver is the sensation today, USAGold's "News & Views" letter for February reports that gold demand is strong as well and indeed both monetary metals were top performers among asset classes in 2020. The February "News & Views" is posted in the clear here:
Broken money leads to broken markets, GoldMoney's Turk tells King World News
Submitted by cpowell on Mon, 2021-02-01 11:50 Section: Daily Dispatches11:50a ET Monday, February 1, 2021
Dear Friend of GATA and Gold (and Silver):
In comments to King World News today, GoldMoney founder James Turk says the increasing wildness of financial markets arises from the practically infinite money being created by governments, which has broken and corrupted the financial system.
Bullion Star's Torgny Persson: Only buying real metal can defeat the price suppression scheme
Submitted by cpowell on Mon, 2021-02-01 11:20 Section: Daily DispatchesPhysical Silver Shortage vs. Paper Silver
By Torny Persson
Bullion Star, Singapore
Monday, February 1, 2021
David Fickling: Silver won't fall so easily to the memelords' assault
Submitted by cpowell on Mon, 2021-02-01 10:48 Section: Daily DispatchesBy David Fickling
Bloomberg News
Monday, February 1, 2021
If the guiding spirit of financial markets in 2021 is "you only live once," you ought to discount the odds of lightning striking in the same place twice.
India cuts import tax on gold; industry expects boost in demand, drop in smuggling
Submitted by cpowell on Mon, 2021-02-01 10:28 Section: Daily DispatchesBy Rajendra Jadhav
Reuters
Monday, February 1, 2021
MUMBAI -- India today slashed import duties on gold and silver in a surprise move that industry officials say could boost retail demand and curtail smuggling in the world's second-biggest bullion consumer.
Buying into 'poor man's gold,' Chinese investors jump on silver
Submitted by cpowell on Mon, 2021-02-01 10:22 Section: Daily DispatchesBy Emily Chow
Reuters
Monday, February 1, 2021
SHANGHAI -- Chinese investors rushed into silver investments today, pushing up Shanghai silver prices while boosting performances of related stocks and funds, matching calls by global retail investors to boost prices of the precious metal.
Vancouver-based miner says China is trying to steal Xinjiang gold mine
Submitted by cpowell on Sun, 2021-01-31 21:45 Section: Daily DispatchesBy Robert Fife
The Globe and Mail, Toronto
Sunday, January 31, 2021
A Vancouver-based gold mining company denies it used forced labor in its open-pit mine in China's Xinjiang region and is accusing the Chinese government of attempting to confiscate the operation worth an estimated US$1 billion.
Ted Butler: No good reason to be short silver
Submitted by cpowell on Sun, 2021-01-31 21:27 Section: Daily DispatchesSo there must be a bad reason.
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9:30p ET Sunday, January 21, 2021
Dear Friend of GATA and Gold:
Silver market analyst Ted Butler writes tonight that the major silver futures shorts just keep shorting and then borrowing metal from the exchange-traded fund SLV and leasing it, essentially piling short upon short.
Silver coin sites grind to a halt as Reddit horde takes aim
Submitted by cpowell on Sun, 2021-01-31 20:19 Section: Daily DispatchesBy Yvonne Yue Li
Bloomberg News
Sunday, January 31, 2021
Retail sites were overwhelmed with demand for silver bars and coins today, suggesting the Reddit-inspired frenzy that roiled commodities markets last week is spilling over into physical assets.
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