Commodities soar except for gold and silver, and their miners are afraid to ask why
Submitted by admin on Sun, 2021-08-01 20:33 Section: Daily DispatchesFrom Miners to Big Oil, the Great Commodity Cash Machine Is Back
By Thomas Biesheuvel and Javier Blas
Bloomberg News
via Yahoo News, Sunnyvale, California
Saturday, July 31, 2021
Just over five years ago Anglo American Plc was in deep trouble. The natural resources giant, beset by a collapse in commodity prices, scrapped its dividend and announced plans to close mines and cut thousands of workers. Amid talk of an emergency capital raise, its market value fell to less than $3 billion.
Alasdair Macleod: Western socialism and Eastern capitalism
Submitted by admin on Fri, 2021-07-30 21:17 Section: Daily DispatchesBy Alasdair Macleod
GoldMoney, Toronto
Friday, July 30, 2021
There has been a significant shift in geopolitics in recent months, with the United States consciously deciding to withdraw from Asian conflicts, notably in Afghanistan. But the diplomatic war against Iran also appears to have been downgraded and the U.S. presence in Iraq is to be wound down. Furthermore, President Biden has downplayed his objections to the Nord Stream 2 pipeline between Russia and Germany.
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Pam and Russ Martens: Fed plans to backstop Wall Street with a $500 billion standing repo loan facility
Submitted by admin on Thu, 2021-07-29 19:31 Section: Daily DispatchesBy Pam and Russ Martens
Wall Street on Parade
Thursday, July 29, 2021
You really can’t make this stuff up. A G30 Working Group Chaired by Tim Geithner, the former President of the New York Fed, that secretly sluiced $29 trillion to bail out the Wall Street banks from their hubristic collapse in 2008, released a report today calling for a Standing Repo Facility from the Fed that would be “open to a broad range of market participants….”
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New York Sun: Beyond Bretton Woods
Submitted by admin on Thu, 2021-07-29 18:57 Section: Daily DispatchesFrom The New York Sun
Thursday, July 29, 2021
The New York Sun launches, with Judy Shelton's op-ed this evening --
https://www.nysun.com/national/god-and-money-a-perfect-and-just-measure-shalt/91597/
-- a series on the 50th anniversary of the collapse of the monetary system that had been established at Bretton Woods at the end of World War II.
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Palisades Gold Radio interviews Ted Butler on silver market rigging
Submitted by admin on Wed, 2021-07-28 21:47 Section: Daily Dispatches9:40p ET Wednesday, July 28, 2021
Dear Friend of GATA and Gold:
Tom Bodrovics of Palisades Gold Radio today interviews silver market analyst Ted Butler about manipulation of the silver market by major investment banks. U.S. market regulators, Butler says, refuse to act against the banks' concentrated short positions in the silver futures markets.
The interview is 49 minutes long and can be heard at YouTube here:
Debt will explode financial system and boost metals, commodities, Steer tells Wall Street Silver
Submitted by admin on Wed, 2021-07-28 21:35 Section: Daily Dispatches9:30p ET Wednesday, July 28, 2021
Dear Friend of GATA and Gold:
Wall Street Silver's standing committee of Lee Juston, Jim Lewis, and Ivan Bayouhki today interview GATA board member Ed Steer, publisher of Ed Steer's Gold & Silver Digest letter (EdSteerGoldSilver.com), about silver's prospects and the creakiness of the world financial system.
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