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Daily Dispatches
Tennessee legislators propose a state bullion depository
Submitted by admin on Fri, 2023-01-13 20:15 Section: Daily DispatchesFrom Money Metals News Service
Eagle, Idaho
Thursday, January 12, 2023
Building on the success of passing a full sales tax exemption on precious metals (HB 1874 and SB 1857) in 2022, lawmakers in Tennessee have set their sights on another pro-sound money effort: an in-state bullion depository.
Alasdair Macleod: The evolution of credit and debt in 2023
Submitted by admin on Thu, 2023-01-12 18:43 Section: Daily DispatchesBy Alasdair Macleod
GoldMoney, Toronto
Thursday, January 12, 2023
The evidence strongly suggests that a combined interest rate, economic, and currency crisis for the United States and its Western alliance will continue in 2023.
Ronan Manly: China's gold purchase announcements have strategic purpose
Submitted by admin on Wed, 2023-01-11 14:02 Section: Daily Dispatches2p ET Wednesday, January 11, 2023
Dear Friend of GATA and Gold:
Bullion Star researcher Ronan Manly writes today that China's announcements of gold purchases are made strategically, to remind the world that China is a big power in the currency markets, and that while many months may pass without such announcements, China is probably acquiring gold steadily anyway in pursuit of a plan to hold the world's largest gold reserve.
Indeed, Manly adds, China already may be nearing that point.
With Musk's support and ETFs doubtful, silver is explosive, GATA chairman says
Submitted by admin on Tue, 2023-01-10 22:02 Section: Daily Dispatches10p ET Tuesday, January 10, 2023
Dear Friend of GATA and Gold:
GATA Chairman Bill Murphy, interviewed by GoldSeek Radio's Chris Waltzek, remarks that silver as an investment is even more explosive now that multi-billionaire Elon Musk is promoting the monetary metal, especially as the major silver exchange-traded funds are falling under suspicion. The interview is 13 minutes long and can be heard at GoldSeek's companion site, SilverSeek, here:
First Quantum threatens to shut vast Panama copper mine over tax dispute
Submitted by admin on Tue, 2023-01-10 10:32 Section: Daily DispatchesBy Harry Dempsey and Michael Stott
Financial Times, London
Tuesday, January 10, 2023
First Quantum Minerals has threatened to close its vast copper mine in Panama if it fails to resolve a tax dispute that it says risks damaging the country's business-friendly reputation.
Panama has demanded that the Canadian group pay corporate tax of at least $375 million a year along with a profit-based mineral royalty of 12-16%, a steep rise on the $61 million FQM paid to Panama on a project that raked in $1.4 billion of gross profit in 2021.
Ted Butler: A special note about silver
Submitted by admin on Mon, 2023-01-09 19:38 Section: Daily DispatchesBy Ted Butler
Monday, January 9, 2023
For the first holiday-shortened trading week of the new year, gold turned in a very strong performance, ending higher by $40 (2.2%) while a late-day rally yesterday only resulted in silver narrowing its losses for the week to 18 cents (-0.7%).
As a result of silver's extreme relative underperformance, the silver/gold price ratio widened out by just over two full points to 78 to 1.
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Ed Steer: Shockingly low silver volume on Friday
Submitted by admin on Mon, 2023-01-09 19:30 Section: Daily Dispatches7:30p ET Monday, January 9, 2023
Dear Friend of GATA and Gold:
The weekend edition of Ed Steer's Gold and Silver Digest, published by GATA board member Ed Steer, is headlined "Shockingly Low Silver Volume on Friday" and is posted in the clear at SilverSeek here:
https://silverseek.com/article/shockingly-low-comex-silver-volume-friday
Jan Nieuwenhuijs: Zoltan Pozsar, the four prices of money, and the coming gold bull market
Submitted by admin on Mon, 2023-01-09 17:23 Section: Daily DispatchesBy Jan Nieuwenhuijs
Gainsville Coins, Lutz, Florida
Monday, January 9, 2023
Over the past 100 years there has been a correlation between major equity bear markets, adjustments in one of the four "prices of money," and gold bull markets. If we let history be our guide, the current equity bear market is signaling a new gold bull market, supported by changes in the price of money.
Brien Lundin: As gold rises, mining shares are showing leverage to the price
Submitted by admin on Mon, 2023-01-09 13:13 Section: Daily DispatchesBy Brien Lundin
Gold Newsletter / Golden Opportunities
Metairie, Louisiana
Monday, January 9, 2023
In a Golden Opportunities letter last week, I resorted to my oft-used "Happy New Year" headline to highlight yet another early-year gold rally.
As I noted in that issue, gold often bottoms in mid-December and continues to rally well into a new year.
Why gold is the bright stuff for would-be sanctions busters
Submitted by admin on Mon, 2023-01-09 09:50 Section: Daily DispatchesA remarkably gold-friendly and LBMA-hostile commentary from the Financial Times.
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By Jonathan Guthrie
Financial Times, London
Monday, January 9, 2023
Experts joke that some Russian-mined gold in British vaults "is so old it has double-headed Imperial eagles stamped on it." Ownership shifted into non-Russian hands decades ago, they say. But investors are worried that Russian gold could be used for sanctions busting. The London Bullion Market Association is therefore registering it all.
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