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Daily Dispatches
Robert Lambourne: BIS gold swaps fell slightly in August but remain high
Submitted by admin on Sun, 2021-09-12 11:35 Section: Daily DispatchesBy Robert Lambourne
Sunday, September 12, 2021
The recently released August statement of account of the Bank for International Settlements -
https://www.bis.org/banking/balsheet/statofacc210831.pdf
— contains information suggesting a decrease of about 38 tonnes in the bank's gold swaps in August, from 502 tonnes to 464 tonnes.
This compares to the record high estimated at 552 tonnes as of February 25 this year.
Dawson City, heart of the Yukon gold rush, still has stories to tell
Submitted by admin on Fri, 2021-09-10 19:21 Section: Daily DispatchesThe lucky few who attended GATA's Gold Rush 21 conference in Dawson City in 2005 and endorsed the Dawson Declaration may especially appreciate this wonderful journalism about a recent visit to the town.
* * *
125 Years After Gold Was Discovered in the Yukon, We Ventured up to Dawson City. Here's What It Looks Like Now
By Brendan Kiley
Seattle Times
Saturday, September 10, 2021
Ronan Manly: Can corporate treasurers afford to ignore Palantir's gambit on gold?
Submitted by admin on Fri, 2021-09-10 12:44 Section: Daily Dispatches12:40p ET Friday, September 10, 2021
Dear Friend of GATA and Gold:
Having just announced purchase of $50 million in gold bars, data-analysis giant Palantir might know something, Bullion Star researcher Ronan Manly writes today, especially since the company does a lot of business for the U.S. government.
Manly's commentary is headlined "Can Corporate Treasurers Afford to Ignore Palantir's Gambit on Gold?" and it's posted at Bullion Star here:
Sibanye wants to tap green metals boom as gold deals lack value
Submitted by admin on Thu, 2021-09-09 20:40 Section: Daily DispatchesSibanye wants to tap green metals noom as gold deals lack value
By Felix Njini
Bloomberg News
Thursday, September 8, 2021
Sibanye Stillwater Ltd.'s dealmaking boss said the precious metal miner's immediate priority is to expand in battery metals rather than gold.
Some of the biggest mining companies are expanding into or eying commodities tied to the green revolution, such as metals used in electric-vehicle batteries.
... Dispatch continues below ...
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Biden administration moves to halt Pebble mine in Alaska
Submitted by admin on Thu, 2021-09-09 20:30 Section: Daily DispatchesBy Alex DeMarban
Anchorage Daily News, Alaska
Thursday, September 9, 2021
The U.S. Environmental Protection Agency announced today it will resume its effort to halt the Pebble copper and gold project in southwest Alaska, in order to protect Bristol Bay's salmon-rich waters from the risk of a mining accident.
... Dispatch continues below ...
Good Mining Exploration Resumes Search
for Gold at Golden Target Project in Ontario
Ted Butler: A gold whale surfaces
Submitted by admin on Thu, 2021-09-09 20:19 Section: Daily DispatchesBy Ted Butler
GoldSeek.com
Thursday, September 9, 2021
Compelling data in recent commitments of traders reports point to the emergence of a very large buyer in Comex gold futures.
The last four CoT reports, starting with the report for positions held as of August 10, show a dramatic increase on the long side in gold for the four largest traders (not to be confused with the concentrated short position I speak of regularly, particularly in silver).
... Dispatch continues below ...
Craig Hemke at Sprott Money: Inflation is not 'transitory' and stagflation is on the way
Submitted by admin on Wed, 2021-09-08 22:25 Section: Daily Dispatches10:20p ET Wednesday, September 8, 2021
Dear Friend of GATA and Gold:
Inflation, the TF Metals Report's Craig Hemke writes today, is far from "transitory" if the commodity charts he presents are any indication. Indeed, Hemke writes, the data is starting to scream "stagflation."
... Dispatch continues below ...
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Ex-Treasury official whose leaks exposed corrupt banks goes to prison for it
Submitted by admin on Wed, 2021-09-08 11:42 Section: Daily DispatchesBy David Mack
BuzzFeed News, New York
Friday, September 3, 2021
Natalie "May" Edwards has made a pact with her 16-year-old daughter: Every night before bed for the next six months, each will say a quiet prayer at the exact same time. Her daughter will be doing so from home in Virginia. Edwards will be doing so from a women's federal prison in West Virginia.
Desperate for cash, Venezuela keeps selling gold
Submitted by admin on Tue, 2021-09-07 21:27 Section: Daily DispatchesVenezuelan Central Bank Gold Reserves Fall as Maduro Seeks Cash
From Reuters
Tuesday, September 7, 2021
CARACAS -- Venezuela's gold reserves fell by 3 tonnes in the first half of 2021 to their lowest level in 50 years, central bank data showed today, as President Nicolas Maduro's cash-strapped government continues selling gold as a source of income.
The withdrawals in the first six months of the year brought total reserves to 83 tonnes. The once-prosperous OPEC nation's economy is mired in a years-long collapse, starving the government of funds.
Tour the Bank for International Settlements exhibition to discern all that's missing
Submitted by admin on Tue, 2021-09-07 12:24 Section: Daily Dispatches12:35p ET Tuesday, September 7, 2021
Dear Friend of GATA and Gold:
If you're near Switzerland at the end of October and the beginning of November, you might want to head over to Basel to help the Bank for International Settlements celebrate itself.
The bank announced yesterday that it is planning "a special exhibition marking its 90 years of promoting global monetary and financial stability":
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