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Daily Dispatches
Ghana lets Chinese gold mining company murder local residents, steal from adjacent mine
Submitted by admin on Wed, 2022-08-24 22:37 Section: Daily DispatchesBlood Gold: In Africa's Gold Country an Australian Firm
Is Embroiled in a Bitter and Deadly $395 Million Dispute
By Eryk Bagshaw and Edward Adeti
Sydney Morning Herald
Thursday, August 25, 2022
The tunnel runs 150 metres underground. Inside, Australian mining manager Andrew Head is trudging through mud and muck. He only has a headlight to guide him as the temperature in this dark pit in western Africa hits 45 degrees.
Loan company plans big business monetizing gold in India
Submitted by admin on Tue, 2022-08-23 21:56 Section: Daily DispatchesCapri Loans Plans to Open 1,500 Gold Loan Branches Over 5 Years
By Teena Jain Kaushal
Business Today, Noida, India
Tuesday, August 23, 2022
Capri Loans, a non-banking financial company forcused on micro, small, and medium-sized enterprise credit and housing finance, plans to open 1,500 gold loan branches over the next five years in Tier 3 and 4 cities to target the unorganised sector.
It aims to build a gold loan book size of R8,000 crore given the rise in credit needs among people.
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Please join GATA at the New Orleans Investment Conference in October
Submitted by admin on Sat, 2022-08-20 22:35 Section: Daily DispatchesBy Brien Lundin
Editor, Gold Newsletter
CEO, New Orleans Investment Conference
Wednesday, July 20, 2022
As a serious investor, you’re well aware of the unique challenges presented by today’s markets.
-- Central banks -- led by the Federal Reserve -- intent to fight off rising inflation with rate hikes.
-- The markets responding with massive selloffs, sending a clear message to the Fed to lay off.
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Ted Butler: Why I own SLV despite its fraud and crooks
Submitted by admin on Fri, 2022-08-19 15:10 Section: Daily Dispatches3:14p ET Friday, August 19, 2022
Dear Friend of GATA and Gold (and Silver):
Silver market analyst Ted Butler's new commentary, "The Short Position in SLV," explains why, while the huge short position in the big exchange-traded fund cheats its investors (something about which he has complained again to the U.S. Securities and Exchange Commission), and while the custodian of the fund's metal, JPMorganChase, is a bunch of crooks, he still considers the fund well worth investing in, as he has done.
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Alasdair Macleod: The world is splitting in two and Putin has the winning hand
Submitted by admin on Thu, 2022-08-18 20:51 Section: Daily DispatchesBy Alasdair Macleod
GoldMoney, Toronto
Thursday, August 18, 2022
While we are being distracted by Ukraine, President Putin has advanced his geopolitical goals materially. Aided and abetted by President Xi, Putin is taking the Asian continent into his control. That mission is well on its way to being achieved. He now awaits the winter months to finally force the EU to reject America's hegemony. Only then, will the western end of the Eurasian continent be truly free of American interference.
Ronan Manly: Will LBMA expel JPMorganChase because of Nowak's conviction?
Submitted by admin on Thu, 2022-08-18 20:46 Section: Daily Dispatches8:45p ET Thursday, August 18, 2022
Dear Friend of GATA and Gold:
Despite the market-rigging conviction of the chief of its monetary metals trading desk, Michael Nowak, JPMorganChase is still at the center of the world gold business generally and the London Bullion Market Association particularly, Bullion Star's gold researcher, Ronan Manly, writes today.
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Alasdair Macleod: The world is splitting in two, and Putin has the winning hand
Submitted by admin on Thu, 2022-08-18 13:37 Section: Daily DispatchesBy Alasdair Macleod
GoldMoney, Toronto
Thursday, August 18, 2022
While we are being distracted by Ukraine, President Putin has advanced his geopolitical goals materially. Aided and abetted by President Xi, Putin is taking the Asian continent into his control. That mission is well on its way to being achieved. He now awaits the winter months to finally force the EU to reject America's hegemony. Only then, will the western end of the Eurasian continent be truly free of American interference.
Bloomberg details how commodity fraud works but of course omits gold
Submitted by admin on Wed, 2022-08-17 11:43 Section: Daily Dispatches"Overpledging" goes far beyond copper trading.
* * *
Why Metals Keep Going Missing in Commodity Trading
From Bloomberg News
Tuesday, August 16, 2022
A group of Chinese traders discovered in August that a copper merchant in northern China wasn't holding the half a billion dollars' worth of ore that was meant to be their collateral. This followed an episode in June involving missing aluminum.
Craig Hemke at Sprott Money: The convicted criminals of JPMorgan
Submitted by admin on Tue, 2022-08-16 21:07 Section: Daily Dispatches9:25p ET Tuesday, August 16, 2022
Dear Friend of GATA and Gold:
Writing tonight at Sprott Money, Craig Hemke of the TF Metals Report notes the inability of the U.S. Commodity Futures Trading Commission to discover the manipulation of the gold and silver markets for which the U.S. Justice Department just achieved conviction of two former traders at bullion bank JPMorganChase.
Russian government plans to 'break the LBMA monopoly' on gold
Submitted by admin on Tue, 2022-08-16 11:30 Section: Daily DispatchesTreasury Proposes to Create Alternative to the London Precious Metals Standard
From Vzglyad
Institute for Socio-Economic and Political Studies, Moscow
Thursday, July 28, 2022
Via Google Translator
https://vz.ru/amp/news/2022/7/28/1169741.html
A new international standard for the precious metals market, the Moscow World Standard (MWS), should be created to become an alternative to the standard of the London Bullion Market Association (LBMA), the Russian Finance Ministry said.