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Daily Dispatches

West Virginia Gov. Justice defeats Rep. Mooney for Senate nomination

Section: Daily Dispatches

By Eric Bradner and David Wright
CNN, Atlanta
Wednesday, May 15, 2024

West Virginia Gov. Jim Justice won the state’s Republican US Senate primary, positioning the two-term governor as the clear favorite to succeed retiring Democratic Sen. Joe Manchin in the deep-red state.

Justice triumphed in a crowded Republican primary that included U.S. Rep. Alex Mooney, a member of the hard-line House Freedom Caucus. Justice will face Wheeling Mayor Glenn Elliott, who had Manchin's endorsement and won the three-way Democratic primary.

China considers government purchase of unsold homes to save property market

Section: Daily Dispatches

From Bloomberg News
Tuesday, May 14, 2024

China is considering a proposal to have local governments across the country buy millions of unsold homes, people familiar with the matter said, in what would be one of its most ambitious attempts yet to salvage the beleaguered property market.

The State Council is seeking feedback from several provinces and government entities on the preliminary plan, said the people, asking not to be identified discussing a private matter.

... Dispatch continues below ...

Jim Rickards: Why gold at $27,000 isn't such a crazy prospect

Section: Daily Dispatches

By James G. Rickards
Daily Reckoning, Baltimore
Tuesday, May 14, 2024

I've said that gold could reach $15,000 by 2026. Today I'm updating that forecast.

My latest forecast is that gold may actually exceed $27,000.

I don't say that to get attention or to shock people. It's not a guess; it's the result of rigorous analysis.

... Dispatch continues below ...


Subscribe to The Calandra Report at a big discount and help GATA

Section: Daily Dispatches

10:21p ICT Tuesday, May 14, 2024

Dear Friend of GATA and Gold (and Silver and other metals):

Mining company shares are taking off as governments are issuing infinite money and incurring infinite debt, and Thom Calandra of The Calandra Report (at is connecting with newly subscribed GATA supporters and sharing with them his insights about producing gold and silver mines and gold and silver explorers in the Yukon, Quebec, Nevada, Mexico, Ghana, and elsewhere. 

GATA's Murphy, GoldSeek's Waltzek wait for silver to break suppression

Section: Daily Dispatches

12:27p ICT Tuesday, May 13, 2024

Dear Friend of GATA and Gold:

In a new interview, GATA Chairman Bill Murphy and GoldSeek Radio's Chris Waltzek discuss recent strength in gold and silver prices and the latter monetary metal's struggle against the suppressive force being applied in the futures market.

The discussion is 6 minutes long and can be heard at SilverSeek here:

Striking Iranian gold retailers detained after meeting with government officials

Section: Daily Dispatches

Looks like another job for the Sound Money Defense League, though probably a suicide mission.

* * *

From Iran International, London
Tuesday, May 13, 2024

Following a meeting between gold retailers and government representatives, Iranian security agents arrested several gold merchants amid the ongoing strikes, Iran International has learned that.

Brien Lundin: Silver is on the launch pad

Section: Daily Dispatches

11:30a ICT Tuesday, May 13, 2024

Dear Friend of GATA and Gold:

Gold Newsletter and Golden Opportunities publisher Brien Lundin today explains why he sees silver "on the launch pad" after trading strongly in recent weeks. Lundin thinks silver may rise faster than gold. His analysis is posted at Golden Opportunities here:

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.

Wall Street Journal fails to explain why gold can't be allowed to be itself

Section: Daily Dispatches

11:37p ICT Sunday, May 12, 2024

Dear Friend of GATA and Gold:

You might get a rueful laugh from a report in yesterday's Wall Street Journal that was headlined "Inside the 21st-Century Gold Rush" and appears in the clear at here:

Investigative reporter Ken Silva reviews Fed's secrecy and connections with gold

Section: Daily Dispatches

11:15a ICT Saturday, May 11, 2024

Dear Friend of GATA and Gold:

Mike Maharry of Money Metals Exchange this week interviewed investigative reporter Ken Silva of Headline USA about the Federal Reserve's secrecy, unaccountability, claims of far-reaching emergency powers, and obfuscation of its involvement with gold.

The interview is 23 minutes long and begins at the 6:40 mark at this page on the Money Metals Exchange internet site:

Physical demand is breaking gold and silver manipulation, Eric Sprott says

Section: Daily Dispatches

1:19p ICT Friday, May 10, 2024

Dear Friend of GATA and Gold (and Silver):

Mining entrepreneur Eric Sprott, interviewed this week by the TF Metals Report's Craig Hemke on Sprott Money's "Ask the Expert" program, says demand from China and India for real metal is starting to break the longstanding Western-based manipulation of gold and silver prices.