GATA

China uses Shanghai futures to drain Western gold, Maguire tells LFTV

Section: Daily Dispatches

1:23p ET Friday, July 12, 2024

Dear Friend of GATA and Gold:

London metals trader Andrew Maguire uses this week's "Live from the Vault" program from Kinesis Money to describe how he sees China using derivatives on the Shanghai Futures Exchange to extract gold from Western markets and hedge itself against what it expects will be more U.S. economic sanctions under a Trump administration.

J.B. Maverick: The end of gold and silver price manipulation

Section: Daily Dispatches

10:55a ET Thursday, July 11, 2024

Dear Friend of GATA and Gold:

Financial writer J.B. Maverick, a former commodities trader, credits GATA and draws heavily on its work with his essay published this week, "The End of Gold and Silver Price Manipulation."

On GoldSeek Radio, GATA chairman discusses the war against silver

Section: Daily Dispatches

9:18p ET Wednesday, July 10, 2024

Dear Friend of GATA and Gold:

GATA Chairman Bill Murphy, interviewed today by GoldSeek Radio's Chris Waltzek, discusses silver's resistance to the seemingly endless campaign of central banks and bullion banks to keep its price below $30 per ounce.

The discussion is 10 minutes long and can be heard at GoldSeek here:

https://goldseek.com/article/goldseek-radio-nugget-bill-murphy-silvers-bullish-surge

Canada's gold exports to China rise, shining through the trade tensions

Section: Daily Dispatches

By Gabriel Friedman
National Post, Toronto
Monday, July 8, 2024

China's demand for gold has risen in the past few years, helping to usher in record-breaking prices and a growing trade relationship with Canada for the shiny metal.

Nigerian lawmakers want central bank to fight inflation with gold

Section: Daily Dispatches

By Nduka Orjinmo
Bloomberg News
Tuesday, July 9, 2024

Nigerian lawmakers are proposing a dramatic increase in the central bank's power to use gold to shore up the nation's reserves in defense of the economy.

A draft bill before the Senate puts forward a raft of policies that would enshrine the bank as the automatic off-taker for all the gold produced in the country, alongside a goal to make the precious metal at least 30% of Nigeria's external reserves.

... Dispatch continues below ...

Ed Steer: Silver -- A weapon of mass financial destruction?

Section: Daily Dispatches

6:54p ET Monday, July 8, 2024

Dear Friend of GATA and Gold:

The weekend edition of Ed Steer's Gold and Silver Digest, published by GATA board member Ed Steer, is headlined "Silver: A Weapon of Mass Financial Destruction?" and is posted in the clear at SilverSeek here:

https://silverseek.com/article/silver-weapon-mass-financial-destruction

Asante