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Daily Dispatches
Whichever way the market goes, you can win with The Calandra Report -- and so can GATA
Submitted by cpowell on Mon, 2021-02-01 19:50 Section: Daily Dispatches7:56p ET Monday, February 1, 2021
Dear Friend of GATA and Gold:
Silver rally runs into roadblock as margins rise, warnings mount
Submitted by cpowell on Mon, 2021-02-01 19:06 Section: Daily DispatchesFrom Bloomberg News
Monday, February 1, 2021
Silver futures opened lower after the CME Group announced that it was raising margins for Comex contracts following a rally to an eight-year high that was inspired by an army of retail investors.
Most-active prices declined as much as 2.4% in early Asian trading Tuesday.
Dave Kranzler: Can the big silver shorts be squeezed?
Submitted by cpowell on Mon, 2021-02-01 15:17 Section: Daily DispatchesBy Dave Kranzler
Investment Research Dynamics, Denver
Monday, February 1, 2021
Unfortunately, unless the physical market can be squeezed, at some point the bullion banks like JP Morgan and HSBC -- with help from the central banks and the Bank for International Settlements -- will be able to regain their grip on the pricing of gold and silver using derivatives, paper gold and silver.
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.
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