Ronan Manly: A silent gold revolution is behind the price breakout
Submitted by admin on Wed, 2024-10-16 21:23 Section: Daily Dispatches9:23p ET Wednesday, October 16, 2024
Dear Friend of GATA and Gold:
Bullion Star gold researcher Ronan Manly returns tonight with a broad overview of recent developments in gold, noting that the monetary metal's rise this year has been extraordinary and arguing that central banks really don't want their buying to rock the market and so coordinate much of their trading confidentially through the Bank of England and the Bank for International Settlements.
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At BRICS summit, Russia will push to end dollar dominance
Submitted by admin on Wed, 2024-10-16 18:15 Section: Daily DispatchesBy Gleb Bryanski
Reuters
Wednesday, October 16, 2024
MOSCOW -- Russia is seeking to convince BRICS countries to build an alternative platform for international payments that would be immune to Western sanctions when it hosts the group's leaders at a summit next week.
President Vladimir Putin is keen to build up BRICS -- which has expanded to include Egypt, Ethiopia, Iran, and the United Arab Emirates as well as Brazil, Russia, India, China, and South Africa -- as a powerful counterweight to the West in global politics and trade.
Mike Maharrey: Is the inflation monster still hiding under the bed?
Submitted by admin on Tue, 2024-10-15 20:48 Section: Daily DispatchesBy Mike Maharrey
Money Metals Exchange, Eagle, Idaho
Tuesday, October 15, 2024
The so-called grownups tell us everything is fine. The inflation monster is gone now.
Or is it?
Sure, most people don't believe it's there, but I think the inflation monster is hiding under the bed. The adults in the room say it's not there. But, kiddos, there are signs -- if you look close enough.
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Central bankers make rare comments in favor of bigger gold stash
Submitted by admin on Tue, 2024-10-15 19:33 Section: Daily DispatchesBy Yvonne Yue Li
Bloomberg News
Monday, October 14, 2024
Gold purchases from central banks have been a key driver in bullion’s record-smashing rally this year. But officials rarely signal ahead of time when buying is top of mind.
Eric Sprott reflects on career in monetary metals mining, remains confident
Submitted by admin on Tue, 2024-10-15 11:20 Section: Daily Dispatches11:18a ET Tuesday, October 15, 2024
Dear Friend of GATA and Gold:
Interviewed about his long career by Jimmy Connor of Bloor Street Capital in Toronto, mining entrepreneur Eric Sprott jokes that he is such a brilliant investor because he has had so many failures to learn from.
But, Sprott adds, he has been successful because he has spotted enough strong opportunities in the mining sector -- opportunities somehow not recognized by many others -- and had the patience to stick with them while constantly re-evaluating them.
Jim Rickards: This is what will destroy the dollar
Submitted by admin on Mon, 2024-10-14 21:01 Section: Daily DispatchesBy James G. Rickards
Daily Reckoning, Baltimore
Monday, October 14, 2024
Janet Yellen gave a speech on Sept. 26 at the 2024 U.S. Treasury Market Conference in New York. The speech was largely about risks in the banking system and the market for U.S. Treasury debt.
