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Daily Dispatches
London bullion market bars Russian gold refineries
Submitted by admin on Tue, 2022-03-08 09:25 Section: Daily DispatchesBy Peter Hobson
Reuters
Tuesday, March 8, 2022
LONDON -- The London Bullion Market Association said Monday it had suspended its accreditation of six Russian precious metals refiners, meaning they will no longer be able to sell gold and silver in the London market, the world's largest.
The LBMA did not give a reason for the suspension but the association last week told Reuters it had asked the refiners if they have commercial links with sanctioned Russian entities. ...
... For the remainder of the report:
London Metal Exchange rescues shorts in all contracts amid nickel squeeze
Submitted by admin on Tue, 2022-03-08 09:03 Section: Daily DispatchesNickel Tops $100,000 as Big Short Tests 145-Year-Old Exchange
By Martin Ritchie, James Thornhill, and Winnie Zhu
Bloomberg News
Tuesday, March 8, 2022
Nickel spiked briefly above $100,000 a ton on the London Metal Exchange amid a short squeeze that’s embroiled a major Chinese bank and encouraged rule changes from one of the world’s top commodity exchanges.
Ed Steer: How soon for gold above $2,000 and silver above $100?
Submitted by admin on Mon, 2022-03-07 20:00 Section: Daily Dispatches7:58p ET Monday, March 7, 2022
Dear Friend of GATA and Gold:
GATA board member Ed Steer's Monday edition of Ed Steer's Gold and Silver Digest, headlined "How Soon $2,000+ Gold -- and $100+ Silver?," is posted in the clear at GoldSeek here:
https://goldseek.com/article/how-soon-2000-gold-and-100-silver
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org
Pam and Russ Martens: Which banks owe billions on Russian credit default swaps?
Submitted by admin on Mon, 2022-03-07 10:22 Section: Daily DispatchesBy Pam and Russ Martens
Wall Street on Parade
Monday, March 7, 2022
There are a known $41 billion in credit default swaps on Russian debt. There are likely many billions more in unknown amounts.
There are also billions more in credit default swaps on state-owned Russian corporate debt and non state-owned Russian corporate debt.
If it's likely to go up, The Calandra Report has an angle on it
Submitted by admin on Fri, 2022-03-04 23:09 Section: Daily DispatchesAnd if you take the special subscription offer, you help GATA.
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11:11p ET Friday, March 5, 2022
Dear Friend of GATA and Gold:
Ambrose Evans-Pritchard: Putin's energy shock is broadening into a world food crisis
Submitted by admin on Fri, 2022-03-04 22:53 Section: Daily DispatchesBy Ambrose Evans-Pritchard
The Telegraph, London
Friday, March 4, 2022
The world was facing a grain supply crunch even before Putin's invasion of Ukraine.
The United Nations food price index was already higher in real terms than at the height of the global hunger crisis a decade ago, when Tunisian bread protests set off the Arab Spring.
In new video interview, GATA Chairman Murphy reviews gold suppression policy
Submitted by admin on Fri, 2022-03-04 11:08 Section: Daily Dispatches11:08a ET Friday, March 4, 2022
Dear Friend of GATA and Gold:
GATA Chairman Bill Murphy, interviewed this week by financial vlogger Mario Innecco, reviewed central banking's gold price suppression policy and GATA's work to expose it.
Murphy says the potential for gains in monetary metals prices is huge.
The interview is 27 minutes long and can be viewed at YouTube here:
Alasdair Macleod: Financial war may crash euro system, end fiat Ponzi, exalt gold
Submitted by admin on Thu, 2022-03-03 14:09 Section: Daily DispatchesWhen Normality Is Exposed as a Ponzi
By Alasdair Macleod
GoldMoney, Toronto
Thursday, March 3, 2022
Russian President Vladimir Putin's hubris, yes-men for generals, lack of fighting conviction among the men, poor logistics, and strong Ukrainian leadership and determination have combined to turn the Russian invasion of Ukraine into a military quagmire.
To lessen appeal of foreign currency, Russia prepares to end tax on gold bars
Submitted by admin on Thu, 2022-03-03 13:56 Section: Daily DispatchesWhat has taken Russia so long to get around to this?
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Ministry of Finance Supports Abolition of Value-Added Tax on Gold Bars for Individuals
By Anastasia Selivanova
Rossiyskaya Gazeta, Moscow
Wednesday, March 2, 2022
https://rg.ru/2022/03/02/minfin-podderzhal-otmenu-nds-na-zolotye-slitki-dlia-fizlic.html
How Putin prepared for sanctions with tonnes of African gold
Submitted by admin on Thu, 2022-03-03 13:41 Section: Daily DispatchesBy Tom Collins
The Telegraph, London
Thursday, March 3, 2022
Russia has smuggled hundreds of tonnes of illicit gold from Sudan over the last few years as part of wider efforts to build "fortress Russia" and ward against anticipated Ukraine-related sanctions.
The Kremlin has more than quadrupled the amount of gold held in Russia’s central bank since 2010, creating a "war chest" through a mix of foreign imports and vast domestic gold reserves as the third largest producer of the precious metal in the world.
... Dispatch continues below ...
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