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Daily Dispatches
Major gold and silver ETFs are used for price suppression, Maguire reiterates
Submitted by admin on Sat, 2022-07-30 11:51 Section: Daily Dispatches11:50a ET Saturday, July 30, 2022
Dear Friend of GATA and Gold:
In his new interview with Shane Morand for Kinesis Money, London gold trader Andrew Maguire reminds investors that the major gold and silver exchange-traded funds, GLD and SLV, are mechanisms of the suppression of monetary metals prices.
Maguire also praises the research of GATA consultant Robert Lambourne showing that the Bank for International Settlements is steadily reducing its gold swap positions with bullion banks, indicating that gold price suppression will be getting more difficult.
Treasures of doomed 'Ship of Gold' tour U.S. before auction
Submitted by admin on Fri, 2022-07-29 21:54 Section: Daily DispatchesBy Amanda Lee Myers
USA Today, Tysons, Virginia
Friday, July 29, 2022
Treasures recovered from a shipwreck that's been at the bottom of the Atlantic Ocean since 1857 are now on tour before going up for auction in the fall.
From a pair of work pants and wedding rings to letters and a first edition of "The Count of Monte Cristo," the artifacts represent both a snapshot of American life during the California Gold Rush and the human tragedy behind the shipwreck of the S.S. Central America.
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Russia is plundering Sudan's gold to boost war effort in Ukraine
Submitted by admin on Fri, 2022-07-29 21:28 Section: Daily DispatchesBy Nima Elbagir, Barbara Arvanitidis, Tamara Qiblawi, Gianluca Mezzofiore, Mohammed Abo Al Gheit, and Darya Tarasova
Video by Alex Platt and Mark Baron
Graphics by Sarah-Grace Mankarious, Marco Chacón, Natalie Croker, and Henrik Pettersson
CNN, Atlanta
Friday, July 29, 2022
KHARTOUM, Sudan -- Days after Moscow launched its bloody war on Ukraine, a Russian cargo plane stood on a Khartoum runway, a strip of tarmac surrounded by red-orange sand. The aircraft's manifest stated it was loaded with cookies.
Sudan rarely, if ever, exports cookies.
USAGold's August 'News & Views': Dare to be different
Submitted by admin on Fri, 2022-07-29 13:13 Section: Daily Dispatches1:13p ET Friday, July 29, 2022
Dear Friend of GATA and Gold:
USAGold's "News & Views" letter for August came out today, with its usual variety of short insights, aptly headlined "Dare to Be Different."
It sure has taken some daring to hang around this sector lately.
The August edition is posted in the clear at USAGold here:
First global gold exchange in India aims to create regional bullion hub
Submitted by admin on Fri, 2022-07-29 12:54 Section: Daily DispatchesBy Ranjeetha Pakiam Swansy Afonso
Bloomberg News
via Business Standard, New Delhi
Friday, July 29, 2022
India's first global gold exchange aims to create a regional bullion hub that will allow more jewelers to import the precious metal.
London's High Court rules against Venezuela's Maduro in $1 billion gold case
Submitted by admin on Fri, 2022-07-29 12:18 Section: Daily DispatchesBy Marc Jones
Reuters
Friday, July 29, 2022
LONDON -- London's High Court has rejected President Nicolas Maduro's latest efforts to gain control of more than $1 billion of Venezuela's gold reserves stored in the Bank of England's underground vaults in London.
The court ruled today that previous decisions by the Maduro-backed Venezuelan Supreme Court aimed at reducing opposition leader Juan Guaido's say over the gold should be disregarded.
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JPMorgan's gold 'boss' led plot to spoof prices, jury told
Submitted by admin on Fri, 2022-07-29 12:00 Section: Daily DispatchesBy Joe Deaux and Tom Schoenberg
Bloomberg News
Thursday, July 28, 2022
Michael Nowak was "the boss" of a plot at JPMorgan Chase & Co. to manipulate gold and silver prices and worked with the top trader and salesman on the bank's precious metals desk to "spoof" markets with bogus buy and sell orders, a federal prosecutor told jurors in Chicago.
Gold yet may awaken the rich countries insisting on being poor
Submitted by admin on Fri, 2022-07-29 00:15 Section: Daily Dispatches12:27a ET Friday, July 29, 2022
Dear Friend of GATA and Gold:
You may recall that your secretary/treasurer long has lamented "the rich countries insisting on being poor," the still-developing countries with large gold resources and even large gold production that nevertheless have declined to incorporate the metal into their monetary systems but instead have remained the slaves of the developed world and its more sophisticated -- and exploitive -- monetary systems.
When buying gold or silver, support the dealers who support GATA
Submitted by admin on Thu, 2022-07-28 12:01 Section: Daily Dispatches12:01p ET Thursday, July 28, 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.
The New Orleans conference is back in a big way, so join GATA there
Submitted by admin on Thu, 2022-07-28 11:59 Section: Daily DispatchesGATA will be participating in the conference and will receive a generous commission if you register to attend by using the link at the bottom of this dispatch.
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By Brien Lundin
Editor, Gold Newsletter
CEO, New Orleans Investment Conference
Wednesday, July 20, 2022
As a serious investor, you’re well aware of the unique challenges presented by today’s markets.
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