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Daily Dispatches
TFMR's Craig Hemke interviews GATA secretary about prospects for monetary metals
Submitted by admin on Thu, 2024-09-19 15:13 Section: Daily Dispatches3:14p ET Thursday, September 19, 2024
Dear Friend of GATA and Gold:
Alasdair Macleod: The threat to commodity derivatives
Submitted by admin on Thu, 2024-09-19 14:30 Section: Daily Dispatches2:30p ET Thursday, September 19, 2024
Dear Friend of GATA and Gold:
GoldMoney research director Alasdair Macleod today published in his proprietary letter on Substack an essay that brilliantly summarizes the longstanding Western gold price suppression policy and the dishonest philosophy behind it, with an emphasis on the use of financial derivatives against gold and all commodity prices, which another British economist, Peter Warburton, intuited back in 2001:
Zimbabwe aims to maximize gold revenue amid surge in world demand
Submitted by admin on Tue, 2024-09-17 22:57 Section: Daily DispatchesBy Tinei Tuhwe
NewZimbabwe.com
Bromsgrove, Worcestershire, England
Tuesday, September 17, 2024
Zimbabwe's mines ministry has launched the 2024 Second Gold Mobilisation exercise, aimed at ensuring compliance and maximizing revenue from the gold-mining sector.
Reports indicate that gold output is projected at 39 tons in 2024, up from around 33 tons in 2023, largely on the back of ongoing expansion projects and favorable prices.
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Barrick Gold briefly suspends operations at Papua New Guinea mine after violence kills 20
Submitted by admin on Tue, 2024-09-17 22:42 Section: Daily DispatchesFrom Reuters
Tuesday, September 17, 2024
SYDNEY -- Barrick Gold has suspended operations at its Porgera gold mine in Papua New Guinea until Thursday after tribal violence in the region killed at least 20.
Papua New Guinea has granted police emergency powers, including the use of lethal force, to contain the violence in Porgera between illegal settlers squatting near the gold mine and local landowners, newspapers Post-Courier and The National reported late on Sunday. ...
... For the remainder of the report:
Jan Nieuwenhuijs: Bucking repatriation trend, Argentina sends more gold to London
Submitted by admin on Tue, 2024-09-17 11:57 Section: Daily DispatchesBy Jan Nieuwenhuijs
Money Metals Exchange, Eagle, Idaho
Tuesday, September 17, 2024
In July the Central Bank of Argentina shipped another 3 tonnes of gold to the United Kingdom to swap for foreign exchange. A month prior the central bank also transported 3 tonnes to the U.K. The bank is now estimated to have 37 tonnes (60% of Argentina's gold reserves) on swap in the London bullion market.
Brien Lundin: $2,600 gold changes everything
Submitted by admin on Mon, 2024-09-16 19:12 Section: Daily DispatchesBy Brien Lundin
Gold Newsletter / Golden Opportunities, Metairie, Louisiana
Monday, September 16, 2024
The turn has come.
For the last six months, I have explained why this was an historic new gold bull market, but also why it was different from any other before it.
That's because it was being driven by central bank and Chinese buying, which had never happened before in combination, much less as the price was rising.
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New Jersey eliminates sales tax on gold and silver
Submitted by admin on Sat, 2024-09-14 16:56 Section: Daily DispatchesFrom Money Metals News Service, Eagle, Idaho
Thursday, September 12, 2024
Sound-money advocates are hailing their hard-fought victory today as New Jersey's Senate Bill 721 was signed into law, thereby removing sales taxes on purchases of gold, silver, and other precious metals above $1,000 effective January 1, 2025.
The long-anticipated bill signing by Gov. Phil Murphy positions New Jersey alongside 44 other states that recognize the importance of exempting constitutional sound money from burdensome taxation.
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Market analyst Kranzler, London trader Maguire discuss market rigging et al.
Submitted by admin on Fri, 2024-09-13 18:00 Section: Daily Dispatches5:59p ET Saturday, September 13, 2024
Dear Friend of GATA and Gold:
Financial letter writer Dave Kranzler is London metals trader Andrew Maguire's guest this week on Kinesis Money's "Live from the Vault" program, discussing market manipulation, the likely consequences of the Federal Reserve's impending reduction of U.S. interest rates, the explosive rise in U.S. government debt, and whether anyone outside the United States will want to own U.S. government bonds.
The program is an hour long and can be viewed at YouTube here:
Looks like gold is excellent for getting around U.S. sanctions
Submitted by admin on Fri, 2024-09-13 16:34 Section: Daily DispatchesRussia Begins Paying China Traders Using Couriered Gold in Hong Kong
From RussiasPivotToAsia.com
Thursday, September 12, 2024
Some Russian businesses have begun using gold to pay Chinese suppliers to get around U.S. sanctions and threats of sanctions against Chinese banks affecting Russia-China bank transfers.
The alternative solution means that gold is purchased in Russia, transported by private courier to Hong Kong, where it is sold, and the cash is deposited into the Chinese suppliers' account at a local bank.
Alasdair Macleod: Swaps squeezed as gold breaks out
Submitted by admin on Fri, 2024-09-13 12:07 Section: Daily DispatchesBy Alasdair Macleod
GoldMoney, Toronto
Friday, September 13, 2024
Not only are the charts foretelling higher prices, but runaway US debt and increasing threat of an all-out war against Russia are fueling a global panic out of dollars into gold.
Gold finally broke out above its tight consolidation range into new high ground yesterday and saw overnight demand taking it to $2570 this morning. That’s up $73 from last Friday’s close. Silver was at $30.15, up $2.25 on the same time scale.
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