You are here
Daily Dispatches
Gold revaluation is already underway in the open by the BRICs, Maguire tells LFTV
Submitted by admin on Sat, 2024-10-05 09:28 Section: Daily Dispatches9:27a ET Saturday, October 5, 2024
Dear Friend of GATA and Gold:
In this week's edition of Kinesis Money's "Live from the Vault" program, London metals trader Andrew Maguire outlines what he says are the many bullish drivers of the gold price.
He says Chinese central bank buying remained strong this week though retail buying was absent because of the "Golden Week" holidays.
Indian central bank buying remained strong as well, Maguire says.
... Dispatch continues below ...
Brian Maher: America's 'quiet coup'
Submitted by admin on Fri, 2024-10-04 18:26 Section: Daily DispatchesBy Brian Maher
Daily Reckoning, Baltimore
Friday, October 4, 2024
Is the United States enduring a "quiet coup"?
Economist Peter St. Onge: "In the wake of the 2008 financial crisis, former chief economist of the International Monetary Fund, Simon Johnson, warned that the same dysfunctional policies he saw in his basket-case banana republics had taken hold in the United States.
... Dispatch continues below ...
... ADVERTISEMENT ...
Coeur Mining to buy Canadian precious metals miner SilverCrest Metals for $1.7 billion
Submitted by admin on Fri, 2024-10-04 17:16 Section: Daily DispatchesBy Niall McGee
The Globe and Mail, Toronto
Friday, October 4, 2024
Coeur Mining Inc. is buying Vancouver-based SilverCrest Metals Inc. in a US$1.7-billion all-stock deal that should see the American precious metals producer increase its cash flow considerably and cut its high debt load.
Chicago-based Coeur announced today it is paying 1.6022 of its shares for each SilverCrest share, or US$11.34 a share. The deal price is a 22% premium to SilverCrest’s closing price on Thursday on the New York Stock Exchange.
... Dispatch continues below ...
Fed's paper losses exceed $200 billion
Submitted by admin on Thu, 2024-10-03 20:21 Section: Daily DispatchesBy Michael S. Derby
Reuters
via Yahoo News, Sunnyvale, California
Thursday, October 3, 2024
NEW YORK -- U.S. Federal Reserve losses crossed the $200 billion point this week, according to data released today by the central bank.
The Fed reported that as of Wednesday, the level of its so-called earnings remittance to the Treasury Department stood at negative $201.2 billion. The number represents a paper loss that central bank officials have noted does not impair their ability to conduct monetary policy.
... Dispatch continues below ...
Joshua D. Glawson: The untold history of gold rushes in the United States
Submitted by admin on Thu, 2024-10-03 08:36 Section: Daily DispatchesBy Joshua D. Glawson
Money Metals Exchange, Eagle, Idaho
Wednesday, October 2, 2024
The discovery of gold in the United States profoundly shaped the nation's economic and social development, especially during the 19th century.
These gold rushes transformed regional economies, spurred massive population movements, led to the establishment of new towns, and influenced U.S. territorial expansion.
... Dispatch continues below ...
... ADVERTISEMENT ...
Jim Rickards: Here comes the biggest monetary shock in 50 years
Submitted by admin on Wed, 2024-10-02 11:29 Section: Daily DispatchesBy James Rickards
Daily Reckoning, Baltimore
Monday, September 30, 2024
... [W]ith so much attention focused on the U.S. presidential election, the war in Ukraine, and the war in Gaza, which is spreading to Lebanon, it's easy to lose sight of other geopolitical developments that may be even more significant in the long run.
One of these developments is the rise of the new BRICS currency and its potential role in the global monetary system.
... Dispatch continues below ...
Hungary's central bank boosts gold reserves to a record high 110 tons
Submitted by admin on Wed, 2024-10-02 11:21 Section: Daily DispatchesHungary now claims the highest per-capita official gold reserves in central and eastern Europe.
* * *
From the Hungarian National Bank, Budapest
Monday, September 30, 2024
Gold overtakes euro to become second-largest central bank reserve asset
Submitted by admin on Tue, 2024-10-01 11:08 Section: Daily DispatchesBy Mike Maharrey
Money Metals Exchange, Eagle, Idaho
Tuesday, October 1, 2024
According to Bank of America, gold has overtaken the euro to become the world's second-largest central bank reserve asset.
With the central bank gold buying spree over the last several years, along with the rapid rise in price in 2024, the yellow metal now makes up about 16% of total reserve assets, just ahead of the euro.
The dollar’s share of reserves has dropped to 58 percent.
... Dispatch continues below ...
Weekend edition of Ed Steer's Gold and Silver Digest is up at SilverSeek
Submitted by admin on Mon, 2024-09-30 12:27 Section: Daily Dispatches12:27p ET Monday, September 30, 2024
Dear Friend of GATA and Gold:
The weekend edition of GATA board member Ed Steer's Gold and Silver Digest letter is headlined "The Short Positions in Gold and Silver Increase Further" and is posted in the clear at GoldSeek's companion site, SilverSeek, here:
https://silverseek.com/article/short-positions-gold-silver-increase-further
Fed seen cutting rates another half percent in November
Submitted by admin on Sun, 2024-09-29 11:15 Section: Daily DispatchesBy Ann Saphir
Reuters
Friday, September 27, 2024
The Federal Reserve is likelier than not to deliver a second 50-basis-point interest rate cut in November, traders bet today, after a government report showed U.S. inflation has cooled to a pace nearer to the central bank's 2% goal.
Inflation by the Fed's targeted measure, the year-over-year rise in the personal consumption expenditures price index, was 2.2% in August, the Commerce Department reported.
... Dispatch continues below ...
Pages
