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Daily Dispatches
Ed Steer: A surprising and ugly commitment-of-traders report, but. ...
Submitted by admin on Wed, 2023-09-13 13:07 Section: Daily Dispatches1:o5p ET Wednesday, September 13, 2023
Dear Friend of GATA and Gold (and Silver):
The weekend edition of Ed Steer's Gold and Silver Digest, published by GATA board member Ed Steer, is headlined "A Surprising and Ugly Commitment-of-Traders Report, But. ..." and it's posted in the clear at GoldSeek's companion site, SilverSeek, here:
https://silverseek.com/article/surprising-and-ugly-cot-report
South Africa's top gold miner weighs CEO succession amid tilt to copper
Submitted by admin on Wed, 2023-09-13 12:06 Section: Daily DispatchesBy Felix Njini
Reuters
Wednesday, September 13, 2023
NAIROBI, Kenya -- Harmony Gold Mining boss Peter Steenkamp plans to retire at the end of next year as South Africa's biggest gold producer by volume seeks new growth opportunities mining copper.
Steenkamp, who turns 64 in November, has been at the helm at Harmony since returning in 2016. In 2022, the company extended the veteran gold mining executive's tenure by two years.
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For a pittance, miners can work public land but there's a push to make them pay
Submitted by admin on Tue, 2023-09-12 21:52 Section: Daily DispatchesBy Lisa Friedman
The New York Times
Tuesday, September 12, 2023
Since Ulysses S. Grant was in the White House, any company that mines gold or other metals from public land has been able to haul it away without paying a dime in royalties to the federal government.
Monetary metals advocate and USAGold founder Michael Kosares dies
Submitted by admin on Tue, 2023-09-12 21:24 Section: Daily Dispatches9:21p ET Tuesday, September 12, 2023
Dear Friend of GATA and Gold:
Monetary metals investors and believers in free and transparent markets and limited and accountable government have lost a devoted advocate: Michael J. Kosares.
Kosares, founder of the USAGold coin and bullion dealership in Colorado and author of many financial commentaries cited by GATA, died last week at age 75 after fighting cancer for six years.
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GATA Chairman Murphy interviewed by GoldSeek Radio's Chris Waltzek
Submitted by admin on Mon, 2023-09-11 19:02 Section: Daily Dispatches7p ET Monday, September 11, 2023
Dear Friend of GATA and Gold:
GATA Chairman Bill Murphy, interviewed by GoldSeek Radio's Chris Waltzek, describes how monetary metals prices are manipulated even as the metals have great value relative to other asset classes.
The interview is 12 minutes long and can be heard at GoldSeek here:
Gold continues to amaze -- another reason to register now for New Orleans
Submitted by admin on Mon, 2023-09-11 16:00 Section: Daily DispatchesGATA's Bill Murphy and Chris Powell are among the speakers.
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Monday, September 11, 2023
By Brien Lundin
Publisher, Gold Newsletter
CEO, New Orleans Investment Conference
Gold and silver are moving higher today, and no one should be surprised.
In the September issue of Gold Newsletter, I note how impressively gold has performed over the last six weeks or so in the face of soaring Treasury yields and the Dollar Index.
Robert Lambourne: BIS gold swaps rise 26 tonnes as soaring debt makes price suppression harder
Submitted by admin on Sun, 2023-09-10 22:09 Section: Daily DispatchesBy Robert Lambourne
Sunday, September 12, 2023
Active trading in gold swaps by the Bank for International Settlements, the central bank of the central banks, in August.
From information in the BIS' August 31 statement of account, published this week --
https://www.bis.org/banking/balsheet/statofacc230831.pdf
-- it is estimated that the volume of the bank's gold swaps increased 26 tonnes, from 103 to 129 tonnes, in the month ending July 31.
Fed nearly lost control of gold a week ago, Maguire tells 'Live from the Vault'
Submitted by admin on Fri, 2023-09-08 23:13 Section: Daily Dispatches11:13p ET Friday, September 8, 2023
Dear Friend of GATA and Gold:
Kinesis Money's "Live from the Vault" program this week has London metals trader Andrew Maguire asserting that the U.S. Federal Reserve last week stopped the gold price 30 cents away from a point that would have triggered massive buying by central banks and cost the Fed its control of the Western gold market.
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China's gold binge extends to 10th month as reserves climb
Submitted by admin on Fri, 2023-09-08 09:04 Section: Daily DispatchesBy Sybilla Gross
Bloomberg News
Thursday, September 7, 2023
China added to its gold reserves for a 10th straight month, extending a push to bolster its hefty stockpile as it tries to diversify away from the US dollar.
Bullion held by the People's Bank of China rose by 930,000 troy ounces in August, the central bank said on Thursday. That's equivalent to about 29 tons. Total reserves now sit at 2,165 tons, with around 217 tons added in a run of purchases that began in November.
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G20 summit: leaders to dine on silver- and gold-plated tableware
Submitted by admin on Thu, 2023-09-07 20:00 Section: Daily DispatchesMen and women of the people, these leaders. Someone should count the spoons afterwards.
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By Shobhit Gupta
Hindustan Times, New Delhi
Thursday, September 7, 2023
For a rich dining experience of world leaders, meals will be served to them on silver and gold-plated utensils.
New Delhi is all decked up to welcome the international dignitaries for the upcoming G20 Summit, which is scheduled to be held at the sprawling Bharat Mandapam at New Delhi's Pragati Maidan from September 9-10.
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