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Daily Dispatches
Gold is JPMorgan's top pick in commodities with price eyeing $2,500
Submitted by admin on Thu, 2024-03-14 15:11 Section: Daily DispatchesBy Yvonne Yue Li and Tope Alake
Bloomberg News
Wednesday, March 13, 2024
Gold is the No. 1 pick in commodities markets for JPMorgan Chase & Co. and the price has the potential to reach $2,500 an ounce this year, according to the bank’s global head of commodities research.
"We believe that $2,500 is a possibility" after bullion reached an all-time high of $2,195.15 on Friday, Natasha Kaneva said during a Bloomberg TV interview. "Because the market tends to get overexcited."
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Now that we may be winning, GATA asks for your support
Submitted by admin on Wed, 2024-03-13 14:27 Section: Daily Dispatches2:25p ET Wednesday, March 13, 2024
Dear Friend of GATA and Gold:
Since gold and even silver seem to be enjoying a sustained rally, since government stupidity and corruption are reaching new heights too, and since sentiment in our long-depressed sector may be improving, this may be the time for GATA to ask for your help, which we haven't done in a long time.
Pam and Russ Martens: News organizations are complicit in Wall Street's crimes
Submitted by admin on Wed, 2024-03-13 11:44 Section: Daily DispatchesBy Pam and Russ Martens
Wall Street on Parade
Wednesday, March 13, 2024
Has GATA earned your support yet?
Submitted by admin on Mon, 2024-03-11 21:20 Section: Daily Dispatches9:31p ET Monday, March 11, 2024
Dear Friend of GATA and Gold:
Since gold and even silver seem to be enjoying a sustained rally, since government stupidity and corruption are reaching new heights too, and since sentiment in our long-depressed sector may be improving, this may be the time for GATA to ask for your help, which we haven't done in a long time.
'We must get a winner one day'
Submitted by admin on Mon, 2024-03-11 20:07 Section: Daily Dispatches8:17p ET Monday, March 11, 2024
Dear GATA:
I think a tumultuous showdown is coming with Donald Trump, the Republican Congress, and the Trump cult following. They won't accept another Trump loss and Trump himself realizes that his loss will mean jail time for him.
Jim Rickards: Gold regains the Midas touch
Submitted by admin on Mon, 2024-03-11 19:45 Section: Daily DispatchesBy James G. Rickards
Daily Reckoning, Baltimore
Monday, March 11, 2024
After two years of trading in a 20% range between $1,600 and $2,000 per ounce, gold finally broke out to the upside, closing at a new all-time high of $2,126 per ounce on March 4.
Better yet, if you're a gold investor, gold has held its ground around $2,100 per ounce since breaking that ceiling. (Gold is trading at around $2,187 today.)
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Alasdair Macleod: Is silver the new nickel?
Submitted by admin on Mon, 2024-03-11 12:56 Section: Daily Dispatches12:54p ET Monday, March 11, 2024
Dear Friend of GATA and Gold (and Silver):
In his private letter on Sunday, economist and market analyst Alasdair Macleod, GoldMoney's research director, examined the structure of the silver market and outlined more motives, opportunities, and entities with such motives and opportunities for manipulating the market to keep the metal's price down.
Macleod has kindly given GATA permission to share his Sunday letter with you on that chance that you may want to consider subscribing to it, as we do.
8 gold mines in India that no one told you about
Submitted by admin on Sun, 2024-03-10 20:57 Section: Daily DispatchesFrom The Times of India, Mumbai
Sunday, March 10, 2024
India is one of the largest consumers of gold in the world, importing about 800 metric tons of the precious metal every year. However, India is also a country with vast mineral resources, including gold.
According to the World Gold Council, India has 2,191.53 metric tons of gold ore resources. However, only a fraction of these resources have been explored and exploited, leaving a huge potential for gold mining in India.
Here are eight gold mines of India that you may not have heard of. ...
Robert Lambourne: BIS gold swaps fall sharply in February, hinting at price reset
Submitted by admin on Sun, 2024-03-10 13:24 Section: Daily DispatchesBy Robert Lambourne
Sunday, March 10, 2024
Gold swaps undertaken by the Bank for International Settlements appear to have fallen sharply in February, according to the bank's monthly statement of account published last week:
https://www.bis.org/banking/balsheet/statofacc240229.pdf
The new statement allows an estimate of 68 tonnes of gold swaps at month's end, a 49-tonne reduction from January, when the estimated swaps were 117 tonnes.
Dubai's gold shops take a hit as record prices deter buyers
Submitted by admin on Sun, 2024-03-10 11:27 Section: Daily DispatchesBy Leen Al-Rashdan
Bloomberg News
Sunday, March 10, 2024
The ever-higher prices reached by gold are turning Dubai's traditional bazaar into more of a window-shopping experience.
Purchases are plummeting at the Gold Souk, according to salespeople at numerous shops, as bullion goes on a record run that's now approaching $2,200 an ounce. Most locals are just browsing, leaving the majority of buying to tourists who are willing to pay more while they're on vacation.
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