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Daily Dispatches
Ted Butler: A big development in silver
Submitted by admin on Thu, 2024-02-01 19:18 Section: Daily DispatchesBy Ted Butler
SilverSeek.com
Thursday, February 1, 2024
Robert Lambourne: Gold intervention via BIS rose 21% in December
Submitted by admin on Thu, 2024-02-01 14:28 Section: Daily DispatchesBy Robert Lambourne
Thursday, February 1, 2024
Trading in gold swaps by the Bank for International Settlements, the central bank of the central banks, continued in December. From information in the BIS statement of account for December, published this week --
Can the UAE outshine Switzerland with gold?
Submitted by admin on Wed, 2024-01-31 15:16 Section: Daily DispatchesBy Dominique Soguel and Pauline Turuban
Swiss Info / Swiss Broadcasting Corp., Bern
Wednesday, January 31, 2024
Switzerland sits at the heart of Europe and has for decades been the dominant player in the global gold industry both in terms of refining capacity and trading. But the United Arab Emirates, which lies at the crossroads of the West and an increasingly affluent East, is threatening that supremacy, having built its position quietly over the past two decades.
... Dispatch continues below ...
Alasdair Macleod: Tides of change in gold paper markets
Submitted by admin on Wed, 2024-01-31 15:02 Section: Daily Dispatches3p ET Wednesday, January 31, 2024
Dear Friend of GATA and Gold:
Market analyst and GoldMoney research director Alasdair Macleod writes today that open interest in the gold futures contract on the New York Commodities Exchange has fallen sharply in recent days.
He concludes that the decline in the contract's liquidity will make prices more volatile and market rigging more difficult.
Macleod's analysis is headlined "Tides of Change in Gold Paper Markets" and it's posted at his internet site here:
Silver miners urge adding the metal to Canada's critical minerals list
Submitted by admin on Wed, 2024-01-31 14:50 Section: Daily Dispatches2:50p ET Wednesday, January 31, 2024
Dear Friend of GATA and Gold (and that other monetary metal, Silver):
Twenty executives of Canadian silver mining companies today sent a letter to Canada's minister of energy and natural resources, Jonathan Wilkinson, asking that silver be added to the country's official list of critrical minerals.
Along with gold, silver already seems to be on the U.S. government's list of critical currencies whose markets must be manipulated and their prices suppressed lest they resume their historic competition with the U.S. dollar.
Gold demand to hit record with central bank buying, gold council says
Submitted by admin on Wed, 2024-01-31 14:17 Section: Daily DispatchesWill price suppression hit a record too? The council didn't say.
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By Yvonne Yue Li
Bloomberg News
Wednesday, January 31, 2024
Total gold demand hit a record last year and is expected to expand again in 2024 as the U.S. Federal Reserve moves toward cutting interest rates, potentially aiding prices, according to the World Gold Council.
GATA's Steer talks silver deficit, China's gold accumulation, and confiscation
Submitted by admin on Tue, 2024-01-30 12:45 Section: Daily Dispatches12:48p ET Tuesday, January 30, 2024
Dear Friend of GATA and Gold:
GATA board member Ed Steer, publisher of Ed Steer's Gold & Silver Digest, was just interviewed by radio talk-show host Dave Janda on WAAM-AM600 in Ann Arbor, Michigan, discussing, among other things, the structural deficit in silver, China's heavy accumulation of gold, and the possibility of government confiscation of privately owned gold.
The interview is 24 minutes long and can be heard at Janda's internet site here:
With 40,000 tonnes, China can trigger a weaponized gold revaluation at any time, Maguire says
Submitted by admin on Fri, 2024-01-26 22:23 Section: Daily Dispatches10:23p ET Friday, January 26, 2024
Dear Friend of GATA and Gold:
China likely has 20 times the 2,200 tonnes in gold reserves it has officially reported, or 40,000 tonnes, London metals trader Andrew Maguire tells this week's edition of Kinesis Money's "Live from the Vault" program, making a weaponized gold price revaluation possible at any time.
... Dispatch continues below ...
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China's gold imports surge to record high as appetite increases, middle class guards wealth
Submitted by admin on Fri, 2024-01-26 09:04 Section: Daily DispatchesBy Mia Nulimaimaiti
South China Morning News, Hong Kong
Friday, January 26, 2024
China's appetite for gold rose to record high levels last year, as investors sought to secure their assets and limit uncertainties caused by a weak yuan, an ongoing property slump and fears over a stock market rout.
Imports of gold for non-monetary use -- products including gold jewellery -- rose to 1,447 tonnes last year, breaking the previous record of 1,427 tonnes in 2018, according to the General Administration of Customs.
... Dispatch continues below ...
GATA's Murphy, GoldSeek's Waltzek ponder whether this will be gold's year
Submitted by admin on Wed, 2024-01-24 22:33 Section: Daily Dispatches10:32p ET Wednesday, January 24, 2024
Dear Friend of GATA and Gold:
GATA Chairman Bill Murphy, interviewed by GoldSeek Radio's Chris Waltzek, discusses whether this will be the year when the fundamentals of gold and silver demand finally are reflected in prices now that gold seems to be holding above $2,000 per ounce.
The interview is 15 minutes long and can be heard at Goldseek here:
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