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Daily Dispatches

When buying gold or silver, consider the dealers who support GATA

Section: Daily Dispatches

10:34a ET Tuesday, July 12, 2022

Dear Friend of GATA and Gold:

Being the only forms of money without counterparty risk, at least when held directly by their owners, gold and silver are often seen as the foundation of a sound investment portfolio. 

Ted Butler: The perfect (and only) solution to shorting gold and silver

Section: Daily Dispatches

7:55p ET Monday, July 11, 2022

Dear Friend of GATA and Gold:

Silver market analyst Ted Butler speculates today that the London Metals Exchange's default on its nickel contract is prompting bullion banks to close their short positions in the monetary metals. Butler's analysis is headlined "The Perfect (and Only) Solution" and it's posted at GoldSeek's companion site, SilverSeek, here:

https://silverseek.com/article/perfect-and-only-solution

Matthew Piepenburg: A gold industry veteran acknowledges the market rigging

Section: Daily Dispatches

10:30a ET Monday, July 11, 2022

Dear Friend of GATA and Gold:

Matterhorn Asset Management's Matthew Piepenburg today joins the acclaim for gold industry veteran Peter Hambro's recent declaration that the price of gold long has been suppressed with derivatives masterminded through the Bank for International Settlements, the central bank of the central banks.

Fed braces as another big inflation number looms

Section: Daily Dispatches

By Vince Golle
Bloomberg News
Sunday, July 10, 2022

U.S. inflation data in the coming week may stiffen the resolve of Federal Reserve policy makers to proceed with another big boost in interest rates later this month.

The closely watched consumer price index probably rose nearly 9% in June from a year earlier, a fresh four-decade high, based on the median projection of economists in a Bloomberg survey. Compared with May, the CPI is seen rising 1.1%, marking the third month in four with an increase of at least 1%.

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Ed Steer's weekend letter, 'Yet Another Blockbuster CoT Report'

Section: Daily Dispatches

9p ET Saturday, July 9, 2022

Dear Friend of GATA and Gold:

The weekend edition of GATA board member Ed Steer's Gold and Silver Digest, headlined "Yet Another Blockbuster Commitment of Traders Report," has been posted in the clear at GoldSeek's companion site, SilverSeek, here:

https://silverseek.com/article/yet-another-blockbuster-cot-report

Ex-JPMorgan traders' 'spoofed' trades were genuine, defense says as trial opens

Section: Daily Dispatches

By Jody Godoy
Reuters
Friday, July 8, 2022

The closely watched criminal trial of three former JPMorgan Chase & Co (JPM.N) employees kicked off on Friday, with a prosecutor saying they "ripped off" the precious metals futures market with fake orders and defense attorneys saying the orders were genuine.

Jim Rickards: The dollar is a victim of its own success

Section: Daily Dispatches

By James G. Rickards
The Daily Reckoning, Baltimore
Thursday, July 7, 2022

America's most powerful weapon of war does not shoot, fly, or explode. It's not a submarine, plane, tank or laser. America’s most powerful strategic weapon today is the dollar. The U.S. uses the dollar strategically to reward friends and punish enemies.

The use of the dollar as a weapon is not limited to trade wars and currency wars, although the dollar is used tactically in those disputes. The dollar is much more powerful than that.

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Alasdair Macleod: Failing states and strangled economies

Section: Daily Dispatches

By Alasdair Macleod
GoldMoney, Toronto
Thursday, July 7, 2022

Fickle markets have stopped worrying about inflation and begun to worry about recession. Both the financial establishment and investors seem incapable of understanding that it is not either one or the other but both together.

Behind the inevitable crisis now emerging is a lack of understanding that it is not supply chain failures or an evil president of Russia that have caused our current predicament, but our previous monetary excesses.

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When buying gold or silver, consider the dealers who support GATA

Section: Daily Dispatches

10:25a ET Thursday, July 7, 2022

Dear Friend of GATA and Gold:

Being the only forms of money without counterparty risk, at least when held directly by their owners, gold and silver are often seen as the foundation of a sound investment portfolio. 

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