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Daily Dispatches

Chris Powell: Gold market manipulation update (October 2022)

Section: Daily Dispatches

Illustrations for this presentation can be found here: NOIC-Slides-10-12-2022.pdf 

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ILLUSTRATION 1

Remarks by Chris Powell
Secretary/Treasurer, Gold Anti-Trust Action Committee Inc.
New Orleans Investment Conference
Hilton New Orleans Riverside Hotel
Wednesday, October 12, 2022

'Rigged' author Stuart Englert interviewed about gold and silver price suppression

Section: Daily Dispatches

1:08p CT Wednesday, October 12, 2022

Dear Friend of GATA and Gold (and Silver):

Stuart Englert, author of "Rigged: Exposing the Largest Financial Fraud in History," was interviewed this week by Elijah Johnson for Finance and Liberty, discussing central banking's use of derivatives to suppress gold and silver prices. Englert also addresses the possible end of price suppression.

The interview is 25 minutes long and can be viewed at YouTube here:

Dave Kranzler: The market indicators that suggest a rally for monetary metals

Section: Daily Dispatches

10:46a CT Wednesday, October 12, 2022

Dear Friend of GATA and Gold (and Silver):

Craig Hemke at Sprott Money: A flow out of paper silver and into real metal

Section: Daily Dispatches

By Craig Hemke
SprottMoney.com
Tuesday, October 11, 2022

An interesting dichotomy has developed in the "silver market." What does it mean? Does it mean anything at all? We'll know soon enough, I guess.

What an interesting year this has been, and the last six months have been positively brutal. While we await the eventual central bank pivot back toward easing and QE, Comex digital gold and silver have been whacked, cracked, and shellacked. 

UK court says hedge funds can sue LME for cancelled nickel trades

Section: Daily Dispatches

By Pratima Desai
Reuters
Monday, October 10, 2022

LONDON -- A British court has granted permission for U.S.-based hedge fund Elliot Associates and Jane Street Global Trading to sue the London Metal Exchange (LME) for cancelling nickel trades in March, a court document showed.

Elliott and Jane Street are demanding damages of $456.4 million and $15.34 million respectively, after the nickel price topped a record $100,000 per tonne on March 8, prompting the LME's suspension of nickel trading and voiding of trades.

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Ambrose Evans-Pritchard: Rejoice, for we may be close to Fed capitulation

Section: Daily Dispatches

By Ambrose Evans-Pritchard
The Telegraph, London
Tuesday, October 11, 2022

Warnings about monetary overkill by central banks are growing louder. This time the insurgency is coming from within America's New Keynesian elite.

The most powerful buyers of Treasuries are bailing all at once

Section: Daily Dispatches

By Liz McCormick, Garfield Clinton Reynolds, and Michael Mackenzie 
Bloomberg News
Monday, October 10, 2022

Everywhere you turn, the biggest players in the $23.7 trillion US Treasuries market are in retreat.

Gold market's great migration sends bullion rushing east

Section: Daily Dispatches

By Eddie Spence and Sing Yee Ong
Bloomberg News
Sunday, October 9, 2022

There's a global migration underway in the gold market, as western investors dump bullion while Asian buyers take advantage of a tumbling price to snap up cheap jewelry and bars.

Rising rates that make gold less attractive as an investment mean that large volumes of metal are being drawn out of vaults in financial centers like New York and heading east to meet demand in Shanghai's gold market or Istanbul's Grand Bazaar.

In fact, it can't move fast enough.

Rep. Mooney's bill would restore gold standard, disclose gold transactions

Section: Daily Dispatches

Congressman Introduces Gold Standard Bill as Inflation Soars

From Money Metals News Service, Eagle, Idaho
Saturday, October 8, 2022

WASHINGTON -- America's currency would regain stable footing for the first time in half a century if a bill just introduced by U.S. Rep. Alex Mooney, R-West Virginia, becomes law.

How a ban on Russia's mining giants could shake the metals world

Section: Daily Dispatches

By Jack Farchy
Bloomberg News
Saturday, October 8, 2022

A possible ban on Russian supplies by the London Metal Exchange would be a seismic event for the metals industry, cutting some of the world’s biggest companies off from the main global marketplace.

The exchange has yet to make a decision, but on Thursday launched a formal three-week discussion process on the possibility of banning Russian metal, potentially as soon as next month.

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