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Daily Dispatches
On LFTV, Bill Holter and Andrew Maguire discuss BRICS, gold, and market manipulation
Submitted by admin on Sat, 2024-08-31 20:34 Section: Daily Dispatches8:34p ET Saturday, August 31, 2024
Dear Friend of GATA and Gold:
Market commentator Bill Holter joins London metals trader Andrew Maguire on this week's edition of Kinesis Money's "Live from the Vault" program, discussing the likely incorporation of gold into the trading currency contemplated by the BRICS nations, as well as the longstanding manipulation of the monetary metals markets.
The discussion is an hour long and can be viewed at YouTube here:
Eric Sprott reflects on the frustration and opportunity of the monetary metals
Submitted by admin on Fri, 2024-08-30 22:59 Section: Daily Dispatches10:57p ET Friday, August 30, 2024
Dear Friend of GATA and Gold:
Mining entrepreneur Eric Sprott returns today to the Sprott Money monthly wrapup with Craig Hemke of the TF Metals Report, discussing the long-term frustration of monetary metals investors and what he sees as the spectacular and unappreciated potential in many gold and silver mining companies.
He helpfully specifies some of the companies he finds especially prospective.
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Ghana to launch 'monster mines' to boost gold production
Submitted by admin on Thu, 2024-08-29 19:35 Section: Daily DispatchesBy Maxwell Akalaare Adombila
Reuters
Thursday, August 29, 2024
ACCRA, Ghana -- Africa's top gold producer, Ghana, will commission its first large-scale greenfield mine in more than a decade in November, with expected annual production of more than 350,000 ounces, the head of its mining sector regulator told Reuters.
The Cardinal Namdini mine is owned by Cardinal Resources, a unit of Shandong Gold, which received a licence for the facility in 2020.
Stefan Gleason: Holding gold yields better returns than mining for it
Submitted by admin on Thu, 2024-08-29 13:39 Section: Daily DispatchesBy Stefan Gleason
Money Metals Exchange, Eagle, Idaho
Thursday, August 29, 2024
With spot gold prices at record highs, investors might expect that shares of precious metals mining companies are also trading at record highs.
By and large, that is not the case.
Mining stocks, as represented by the HUI Gold BUGS Index, are still under water by more than 40% compared to their 2011 highs. And that's despite being pulled up significantly this year by soaring gold and silver prices.
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Burkina Faso nationalizes two gold mines mired in legal dispute
Submitted by admin on Tue, 2024-08-27 19:20 Section: Daily DispatchesBy Harry Dempsey and Aanu Adeoye
Financial Times, London
Tuesday, August 27, 2024
Burkina Faso has struck a deal for about $80 million to nationalize two gold mines that London-listed Endeavour Mining agreed last year to sell to Lilium Mining for more than $300 million.
China's silver takeover may aim to drain the West
Submitted by admin on Mon, 2024-08-26 17:28 Section: Daily DispatchesBy Tim Zyla
Jerusalem Post
Wednesday, August 21, 2024
While the world has been focused on the geopolitical tensions between China and the West, a more subtle battle has been unfolding in the global financial markets.
China, through a series of calculated moves, has been quietly accumulating vast quantities of gold and silver. This move has signaled a potential shift in the global economic landscape and highlights the developing country's need for exorbitant amounts of resources.
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Peru's gold exports to India set to hit record high, official says
Submitted by admin on Sat, 2024-08-24 16:27 Section: Daily DispatchesBy Rajendra Jadhav and Sherin Elizabeth Varghese
Reuters
Friday, August 23, 2024
Peru's gold exports to India are set to jump 36% from a year ago to a record $3 billion in 2024, driven by rising demand from the world's second-biggest consumer, a senior government official said today.
India's gold imports from Peru in the first half of 2024 rose 81% from a year ago to $1.47 billion, Javier Manuel Paulinich Velarde, the Peruvian ambassador to India, told India Gold Conference.
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Central banks continue orderly buying of gold in anticipation of BRICs move, Maguire says
Submitted by admin on Fri, 2024-08-23 22:25 Section: Daily Dispatches10:24p ET Friday, August 23, 2024
Dear Friend of GATA and Gold:
Central banks continue to purchase gold in an orderly way, waiting for the occasional U.S. Federal Reserve-instigated price smashes to load up in anticipation of a formal remonetization of the monetary metal by the BRICs group in October, London metals trader Andrew Maguire tells this week's edition of Kinesis Money's "Live from the Vault" program.
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'World's largest undeveloped gold project' hits milestone in northwest B.C
Submitted by admin on Wed, 2024-08-21 16:53 Section: Daily DispatchesBy Thom Barker
Ashcroft-Cache Creek Journal, Ashcroft, British Columbia, Canada
Wednesday, August 21, 2024
It has been a banner few weeks for Seabridge Gold lately in northwestern British Columbia.
In late July, the company announced the Environmental Assessment Office had designated its flagship KSM project as "substantially started," well in advance of its deadline.
As the rich snap up gold bars, storage vaults brace for business
Submitted by admin on Wed, 2024-08-21 12:12 Section: Daily DispatchesBy Sybilla Gross and Yvonne Yue Li
Bloomberg News
Tuesday, August 20, 2024
Encased in sleek onyx, an enormous vault for storing precious metal soars some 32 meters (105 feet) above Singapore's Changi Airport. For a facility that deals in secrecy and privacy, its sheer mass makes a loud statement about the sudden popularity of owning physical bullion.
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