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Daily Dispatches
India's central bank buys record amount of gold in first half of 2021
Submitted by admin on Tue, 2021-08-17 11:12 Section: Daily DispatchesRBI buys record gold this year, and at 700 tonnes, reserves up 27% in 2 years
By Rajesh Bhayani
Business Standard, New Delhi
Thursday, August 12, 2021
The Reserve Bank of India has increased its gold purchases, as part of its foreign exchange reserves.
In the first half of 2021, the addition of gold to India's forex reserves has been the highest -- on a half-yearly basis -- at 29 tonnes.
Now the RBI's gold holding -- as a proportion of its forex reserves — has for the first time crossed 700 tonnes. ...
Ed Steer: A commitment of traders report for the ages
Submitted by admin on Mon, 2021-08-16 18:11 Section: Daily Dispatches6:06p ET Monday, August 16, 2021
Dear Friend of GATA and Gold:
GATA board member Ed Steer's Saturday commentary at Ed Steer's Gold & Silver Digest, headlined "A Commitment of Traders Report for the Ages," is posted in the clear at GoldSeek here:
https://goldseek.com/article/commitment-traders-report-ages
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org
The great New Orleans conference returns, and with a money-back guarantee
Submitted by admin on Sat, 2021-08-14 20:44 Section: Daily DispatchesBy Brien Lundin
Publisher, Gold Newsletter
CEO, New Orleans Investment Conference
Saturday, August 14, 2021
This year’s New Orleans Investment Conference is coming up -- Tuesday through Friday, October 19-22 -- and you’ll kick yourself if you miss it.
Why? Because this is without a doubt the most valuable, important, rewarding -- and eagerly awaited --event in many years.
It will be the first big in-person event of its kind post-pandemic --a "welcome home" for hundreds of today's smartest and most active investors.
GATA Chairman Murphy rages at constant attacks on the monetary metals
Submitted by admin on Sat, 2021-08-14 20:18 Section: Daily Dispatches8:15p ET Saturday, August 14, 2021
Dear Friend of GATA and Gold:
Those gold smashes aren't the bullion banks' doing but government's
Submitted by admin on Fri, 2021-08-13 15:57 Section: Daily Dispatches4:11p ET Friday, August 13, 2021
Dear Friend of GATA and Gold:
Writing yesterday at Sprott Money, market analyst David Brady attributes last Sunday night's flash-crash attack on the monetary metals to the desperation of bullion banks to cover their longstanding short positions in the futures markets in anticipation of cataclysmic events that will be enormously positive for the metals.
... Dispatch continues below ...
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Ted Butler: The bad, the ugly, and the good
Submitted by admin on Thu, 2021-08-12 18:05 Section: Daily DispatchesBy Ted Butler
SilverSeek.com
Thursday, August 12, 2021
In the space of two trading days, the world of gold and silver prices was turned on its head. On Friday and Monday silver plunged to its lowest level of 2021, gold touched its low for the year and the silver/gold price ratio also rose to its most undervalued level for silver of the year.
Not that anyone needs reminding, let me first run through the bad and ugly aspects of the price smash before getting into what was good about it. And yes, the bad and the good overlap.
Dave Kranzler: Is the Fed bracing for impact?
Submitted by admin on Thu, 2021-08-12 17:46 Section: Daily DispatchesBy Dave Kranzler
Investment Research Dynamics, Denver
Thursday, August 12, 2021
"The concept of transitory is really this: it is that, uh, the increases will happen. We’re not saying they will reverse. That's not what transitory means. It means that the increases in prices will happen, so there will be inflation, but that the process of inflation, uh, will stop so that, so that there won’t be furth- uh -- fur- ..."
-- Jay Powell, verbatim, on inflation at the last post-FOMC meeting press conference.
Pam and Russ Martens: Fed report shows a spike in repo loans warns of market crash
Submitted by admin on Thu, 2021-08-12 11:18 Section: Daily DispatchesBy Pam and Russ Martens
Wall Street on Parade
Thursday, August 12, 2021
On July 29 the Federal Reserve released its annual report for 2020. ahe Appendix contains 13 statistical tables that would make most folks’ eyes glaze over.
Table G.5A., however, is worthy of a glass of good wine, a comfy armchair, and some serious musing.
... Dispatch continues below ...
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Prices paid to producers in U.S. increase more than forecast
Submitted by admin on Thu, 2021-08-12 10:28 Section: Daily DispatchesCounterintuitively enough, gold prices fell.
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By Olivia Rockerman
Bloomberg News
Thursday, August 12, 2021
Prices paid to U.S. producers rose in July by more than expected, suggesting that higher commodity costs and supply bottlenecks are still adding to inflationary pressures for companies.
Yoo-hoo, World Gold Council -- Do you have any explanation for this?
Submitted by admin on Wed, 2021-08-11 18:00 Section: Daily DispatchesGATA does.
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Gold Among the Worst 2021 Investments, Allstarcharts Founder Says
By Thomas Hum
Yahoo Finance, Sunnyvale, California
Wednesday, August 11, 2021