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Daily Dispatches

Commodities soar except for gold and silver, and their miners are afraid to ask why

Section: Daily Dispatches

From 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

Section: Daily Dispatches

By 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

Section: Daily Dispatches

By 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

Section: Daily Dispatches

From 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

Section: Daily Dispatches

9:40p 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:

https://www.youtube.com/watch?v=1jUU94NZgOU

Debt will explode financial system and boost metals, commodities, Steer tells Wall Street Silver

Section: Daily Dispatches

9:30p 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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Ronan Manly: The sage of Venezuela's 31 tonnes of gold at the Bank of England continues

Section: Daily Dispatches

7:30p ET Wednesday, July 28, 2021

Dear Friend of GATA and Gold:

Bullion Star's Ronan Manly tonight reviews the long-running case of the competing claims to the Venezuelan gold reserves held at the Bank of England, concluding that if the government of the United Kingdom refuses to return the gold to the regime that actually runs Venezuela, no matter how corrupt and totalitarian it is, the Bank of England may be finished as an international custodian of gold reserves.

Brandon White: Gold confiscation -- the juice isn't worth the squeeze

Section: Daily Dispatches

1:59p ET Wednesday, July 28, 2021

Dear Friend of GATA and Gold:

Gold confiscation by governments in the United States, Canada, and other Western countries isn't likely, GATA's old friend the gold industry veteran Brandon White writes this week, because the public owns too little of the monetary metal to make confiscation profitable. 

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Good Mining Exploration Resumes Search
for Gold at Golden Target Project in Ontario

Craig Hemke at Sprott Money: Comex option expiration price control

Section: Daily Dispatches

By Craig Hemke
Sprott Money, Toronto
Tuesday, July 27, 2021

Some of you will question why it's valuable to document the obvious price-rigging by The Banks. The answer? Because remarkably there are still "analysts," many of whom the precious metals community holds in high regard, who claim that the pricing mechanism is fair, honest, and free of price manipulation.

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Romania's Roman gold mines get UNESCO heritage status

Section: Daily Dispatches

By Stephen McGrath
Associated Press
Monday, July 26, 2021

BUCHAREST, Romania -- Ancient Roman mining galleries in a mountainous Romanian region that has been at the center of a long, fierce battle between a Canadian mining company and environmentalists were added to UNESCO’s World Heritage list today.

Rosia Montana, located in western Romania, is home to Europe's largest gold deposits. Gabriel Resources, a Canadian mining company that gained concession rights in 1999, planned to extract the gold and silver over a 16-year period.

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