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Daily Dispatches
Alasdair Macleod: Challenges for the new prime minister
Submitted by admin on Thu, 2022-07-28 11:34 Section: Daily DispatchesBy Alasdair Macleod
GoldMoney, Toronto
Thursday, July 28, 2022
Britain's next prime minister must address two overriding problems: London is at the centre of an evolving financial and currency crisis brought forward by a change in interest rate trends; and the reality of emerging Asian superpowers must be accommodated instead of attacked.
Gold trading begins on Nigerian exchange ahead of official launch
Submitted by admin on Wed, 2022-07-27 23:32 Section: Daily DispatchesBy Emele Onu and Anthony Osae-Brown
Bloomberg News
Wednesday, July 27, 2022
A newly licensed Nigerian commodities exchange started trading in gold ahead of its official launch this week, the first time the metal will be offered on a bourse in the West African nation.
Ronan Manly: LBMA silver inventories near 6-year low
Submitted by admin on Wed, 2022-07-27 11:57 Section: Daily DispatchesBy Ronan Manly
Bullion Star, Singapore
Wednesday, July 27, 2022
One trend in the precious metals markets that has yet to get widespread coverage but deserves more attention is the plummeting inventories of physical silver in the London vaults of the London Bullion Market Association.
These comprise vaults in and around London run by the bullion banks JP Morgan, HSBC, and ICBC Standard Bank, as well as the London vaults of three security operators -- Brinks, Malca-Amit, and Loomis.
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New York Sun: The five top secrets of the Federal Reserve
Submitted by admin on Wed, 2022-07-27 09:44 Section: Daily DispatchesFrom the New York Sun
Wednesday, July 27, 2022
When buying gold or silver, please consider the dealers who support GATA
Submitted by admin on Tue, 2022-07-26 23:10 Section: Daily Dispatches1110p ET Tuesday, July 26, 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.
New Orleans conference is back in a big way, so please join GATA there
Submitted by admin on Tue, 2022-07-26 23:08 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.
* * *
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.
Craig Hemke at Sprott Money: Putting the stag in stagflation
Submitted by admin on Tue, 2022-07-26 22:56 Section: Daily Dispatches10:56p ET Tuesday, July 26, 2022
Dear Friend of GATA and Gold:
The TF Metals Report's Craig Hemke, writing tonight at Sprott Money, looks at bond prices and concludes that the Federal Reserve will have to stop raising interest rates long before they come close to the official inflation rate. That, Hemke concludes, means stagflation and resumption of uptrends for gold and silver.
Hemke's analysis is headlined "Putting the Stag in Staflation" and it's posted at Sprott Money here:
But what if those risky positions on JPMorgan's books are really the U.S. government's?
Submitted by admin on Tue, 2022-07-26 11:31 Section: Daily DispatchesFederal Data Show JPMorgan Chase Is, By Far, the Riskiest Bank in the U.S.
By Pam and Russ Martens
Wall Street on Parade
Tuesday, July 26, 2022
The long-tenured Chairman and CEO of JPMorgan Chase, Jamie Dimon, likes to use the phrase "fortress balance sheet" when talking about his bank to Congress or shareholders. But the data stored at its federal regulators show that the bank is, by far, the most systemically dangerous bank in the United States.
Zimbabwe goes for the gold (coins) to fight high inflation
Submitted by admin on Mon, 2022-07-25 22:28 Section: Daily DispatchesBy Lesley Wroughton
The Washington Post
Monday, July 25, 2022
With inflation soaring in Zimbabwe and the country’s currency in free fall as people abandon it for the U.S. dollar, the government of President Emmerson Mnangagwa is fighting back with a novel strategy: gold coins.
Stansberry's Cambone confesses: Gold market rigging was prohibited subject
Submitted by admin on Sat, 2022-07-23 09:24 Section: Daily Dispatches9:35a ET Saturday, July 23, 2022
Dear Friend of GATA and Gold:
This week's Stansberry Research interview by Daniela Cambone of Mark Yaxley of bullion dealer Strategic Wealth Preservation is far more notable for what Cambone herself says than for anything said by Yaxley.
Cambone notes that lately much news has been produced by the trial of former JPMorgan Chase gold and silver traders on federal charges of market rigging. Then she tells Yaxley:
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