You are here
Daily Dispatches
China's push to expand BRICS is opposed by India and Brazil
Submitted by admin on Fri, 2023-07-28 14:04 Section: Daily DispatchesBy Sudhi Ranjan Sen, S'thembile Cele, and Simone Preissler Iglesias
Bloomberg News
Thursday, July 27, 2023
India and Brazil are pushing back against a Chinese bid to rapidly expand the BRICS group of emerging markets to grow its political clout and counter the United States, officials with knowledge of the matter said.
The countries have raised objections in preparatory talks for a summit in Johannesburg next month where Brazil, Russia, India, China, and South Africa will discuss potentially expanding the group to include Indonesia and Saudi Arabia.
John Kim: What generation is curbstomping gold and silver prices the most?
Submitted by admin on Fri, 2023-07-28 13:54 Section: Daily Dispatches1:50p ET Friday, July 28, 2023
Dear Friend of GATA and Gold (and Silver):
Market analyst John Kim of SK Wealth Academy today reminds investors, especially credulous young ones, that gold and silver exchange-traded funds do not represent their ownership of real metal but instead facilitate metal price suppression via derivatives trading by big banks.
Kim's analysis is headlined "What Generation is Curbstomping Gold and Silver Prices the Most?" and it's posted at the SK Wealth Academy site here:
Bolivia to use China's yuan in challenge to dollar
Submitted by admin on Fri, 2023-07-28 13:35 Section: Daily DispatchesBy Carlos Valdez and Daniel Politi
Associated Press
Thursday, July 27, 2023
LA PAZ, Bolivia -- Bolivia is now using the yuan to pay for imports and exports, becoming the latest country in South America to regularly use the Chinese currency in a small but growing challenge to the hegemony of the U.S. dollar for international financial transactions in the region.
Kinesis joins Valaurum to put practical amounts of gold in circulation
Submitted by admin on Thu, 2023-07-27 13:24 Section: Daily DispatchesKinesis to Produce Physical Gold Bills in Partnership with Valaurum
By Sean Dickens
Kinesis, London
Thursday, July 27, 2023
Kinesis has established a global collaborative partnership with Valaurum, the manufacturer of the patented Aurum gold bill, to produce a series of Kinesis gold bills containing small, practical amounts of physical gold for investment and global spending.
Alasdair Macleod: Inflation will return
Submitted by admin on Thu, 2023-07-27 13:15 Section: Daily DispatchesBy Alasdair Macleod
GoldMoney, Toronto
Thursday, July 27, 2023
It is an error to expect inflation to continue to fall in America. All financial market values in the United States and elsewhere are predicated on this hope.
Banks' $118 billion capital buffer likely to be wiped out by Basel III rules
Submitted by admin on Wed, 2023-07-26 11:47 Section: Daily DispatchesBy Jennifer Surane,and Katanga Johnson
Bloomberg News
Wednesday, July 26, 2023
Wall Street's biggest banks are preparing for new regulations that could erase almost all of the $118 billion in excess capital they squirreled away over the past decade, likely crimping shareholder buybacks for years to come.
Ted Butler: More on the silver Code Red
Submitted by admin on Tue, 2023-07-25 22:40 Section: Daily DispatchesBy Ted Butler
Butler Research, Jupiter, Florida
via SilverSeek.com
Tuesday, July 25, 2023
Last week I made public an edited version of the more extensive weekly review sent to subscribers earlier. As previously stated, I believe there is an emergency in the Comex silver market based upon official data indicating a massive increase in futures positioning of more than 130 million ounces (26,000 contracts) as reported in the new commitment of traders report as of July 21.
Yuan exceeds dollar in China's bilateral trade for first time
Submitted by admin on Tue, 2023-07-25 22:23 Section: Daily DispatchesFrom Nikkei Asia, Tokyo
Tuesday, July 25, 2023
The yuan was used in 49% of China's cross-border transactions last quarter, topping the dollar for the first time, a Nikkei analysis shows, mainly due to a more open capital market and more yuan-based trade with Russia.
How right-wing news powers the 'gold IRA' industry
Submitted by admin on Tue, 2023-07-25 21:30 Section: Daily DispatchesYes, the gold IRA business has some grifters, but not nearly as many as reside in central banking. The gold world awaits the Washington Post's first critical question directed to a central banker. A few such questions might be suggested by the documents compiled and summarized here:
* * *
By Jeremy B. Merrill and Hanna Kozlowska
The Washington Post
Tuesday, July 26, 2023
China state banks sell dollars to support yuan, sources tell Reuters
Submitted by admin on Tue, 2023-07-25 21:19 Section: Daily DispatchesFrom Reuters
Tuesday, July 25, 2023
China's major state-owned banks were seen selling U.S. dollars to buy yuan in both onshore and offshore spot markets today in early Asian trade, three people with direct knowledge of the matter said, moves aimed at supporting the Chinese currency.
China's state banks usually trade on behalf of the central bank in the country's foreign exchange market, but they can also trade on their own behalf.
... Dispatch continues below ...
... ADVERTISEMENT ...
Pages
