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Daily Dispatches
New Czech central bank governor aspires to a huge increase in gold reserves
Submitted by admin on Fri, 2022-05-27 12:06 Section: Daily DispatchesIncoming Czech Central Bank Chief Wants More Stocks, Gold to Make Bank Profitable
By Jan Lopatka
Reuters via Nasdaq.com
Wednesday, May 25, 2022
PRAGUE, Czech Republic -- The Czech central bank needs to keep interest rates above standard levels, support the government in cutting budget deficits and urge wage restraint to avoid mostly supply-side inflation from spilling to the demand side, incoming Governor Ales Michl said in a magazine interview.
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Giustra repeats belief in gold suppression; Kitco evades in central banker interview
Submitted by admin on Fri, 2022-05-27 11:43 Section: Daily Dispatches11:51a ET Friday, May 27, 2022
Dear Friend of GATA and Gold:
In an interview this week for his channel at YouTube, Jay Martin of Cambridge House, sponsor of the Vancouver Resource Investment Conference, interviewed mining and entertainment entrepreneur Frank Giustra and got him to repeat his recently expressed belief that the gold price has been manipulated and suppressed, though Giustra says he has only circumstantial evidence, no proof, and doesn't know who is doing the suppression.
India's central bank increases its FY22 gold purchases to 65 tonnes
Submitted by admin on Fri, 2022-05-27 11:06 Section: Daily DispatchesBy Atmadip Ray
The Times of India, Mumbai
Friday, May 27, 2022
The Reserve Bank of India nearly doubled its gold purchase to 65 tonnes in FY22 raising its total holding to 760.42 tonnes, as part of its asset diversification policy with gold showing better performance as a safe asset class during the recent global financial turmoil.
In the nine month period between June 2020 and March 2021, RBI had bought 33.9 tonnes of gold.
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Pam and Russ Martens: At year-end Fed owned 38% of all 10-30-year Treasuries
Submitted by admin on Thu, 2022-05-26 11:14 Section: Daily DispatchesAs a high school graduate said 14 years ago, 'There are no markets anymore, just interventions.'
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By Pam and Russ Martens
Wall Street on Parade
Thursday, May 26, 2022
On Tuesday' the New York Fed's trading desk released its annual report showing what it was up to in 2021. The New York Fed is the only one of the Federal Reserve's 12 regional Fed banks to have a trading desk operation with speed dials to Wall Street's trading houses, so we're always interested in reading the "official" version of what has been happening there.
When buying gold or silver, consider the dealers who support GATA
Submitted by admin on Thu, 2022-05-26 11:10 Section: Daily Dispatches11:09a Thursday, May 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.
Government isn't competent enough to suppress gold price, Rick Rule tells Kitco
Submitted by admin on Wed, 2022-05-25 01:08 Section: Daily Dispatches1:22a ET Wednesday, May 25, 2022
Dear Friend of GATA and Gold:
Investment analyst Rick Rule, interviewed yesterday at the Vancouver Resource Investment Conference by Kitco News editor Michelle Makori, acknowledged that the gold futures market is "ripe for manipulation" but dismissed complaints that government has undertaken any schemes to suppress the price of the monetary metal.
Gold and silver still protect purchasing power, Turk tells Wall Street Silver
Submitted by admin on Sun, 2022-05-22 21:25 Section: Daily Dispatches9:27p ET Sunday, May 22, 2022
Dear Friend of GATA and Gold:
GoldMoney founder and GATA consultant James Turk, interviewed by Ivan Bayoukhi and Jim Lewis of Wall Street Silver, shows that despite their recent smashings in the futures market, gold and silver long have protected and still are protecting the purchasing power of their owners, especially in regard to the key measure of energy, the price of oil.
Turk's interview is 14 minutes long and can be viewed at YouTube here:
AOC touts 'zero-emission' engagement ring made with 'recycled gold'
Submitted by admin on Sat, 2022-05-21 20:02 Section: Daily DispatchesBy Jon Levine
New York Post
Saturday, May 21, 2022
Super-woke Congresswoman Alexandria Ocasio-Cortez boasts that her new engagement ring is made from "recycled gold" and is "zero-emission."
The just-engaged socialist made the claim on Twitter in response to a follower who warned that "your ring gotta be made of tinfoil, otherwise the right's gonna flip."
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Robert Lambourne: BIS gold swaps fall by a third in two months. Is 'Basel 3' kicking in?
Submitted by admin on Sat, 2022-05-21 11:46 Section: Daily DispatchesBy Robert Lambourne
Saturday, May 21, 2022
The recently released March and April 2022 statements of account of the Bank for International Settlements —
https://www.bis.org/banking/balsheet/statofacc220331.pdf
https://www.bis.org/banking/balsheet/statofacc220430.pdf
— contain information suggesting a significant decrease in the bank's gold swaps.
Ruble rises to 2015 level against euro as EU prepares to pay for gas
Submitted by admin on Fri, 2022-05-20 12:29 Section: Daily DispatchesWonderful sanctions you got there, Boys and Girls.
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From Reuters
Friday, May 20, 2022
The Russian ruble today rallied to its strongest levels against the euro and dollar since June 2015 and March 2018 respectively, which analysts attributed to EU countries preparing to pay Russia for gas and to capital controls imposed by Moscow.
Russia said Thursday that half of gas giant Gazprom's 54 clients have opened accounts at Gazprombank, as European companies approach imminent deadlines to pay for their gas supplies.
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