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Daily Dispatches
Israel adds yuan, reduces dollar and euro in 'philosophy' change for FX reserves
Submitted by admin on Wed, 2022-04-20 12:57 Section: Daily DispatchesBy Daniel Avis
Bloomberg News
Wednesday, April 20, 2022
Israel's central bank has made the biggest changes to its allocation of reserves in over a decade, adding the Chinese yuan alongside three other currencies to a stockpile that last year exceeded $200 billion for the first time ever.
GATA's Ed Steer discusses London nickel default and Fed's awful choice
Submitted by admin on Wed, 2022-04-20 12:45 Section: Daily Dispatches12:48p ET Monday, April 18, 2022
Dear Friend of GATA and Gold:
GATA board member Ed Steer, publisher of Ed Steer's Gold and Silver Digest, was just interviewed by Wall Street Silver, discussing the default of the London Metals Exchange's nickel contract, the implications of that default for silver and other metals, and the awful choice facing the Federal Reserve -- hyperinflation vs. depression.
The interview is 17 minutes long and can be heard at YouTube here:
Financial letter writer, gold advocate James Dines dies
Submitted by admin on Tue, 2022-04-19 21:28 Section: Daily DispatchesFrom The Dines Letter, Belevedere, Califnrnia
Tuesday, April 19, 2022
https://www.dinesletter.com/index.html
Dear Subscribers:
It is with great sadness that we announce the passing of Mr. Dines at his home in California last week.
Mr. Dines was not only wonderful to work for but gracious and generous with his wisdom. We are grateful that he had a long, productive, and fulfilling life, which he willingly shared with all of us.
Eric Sprott makes his biggest bet yet on what could be 'the greatest gold discovery in Canada'
Submitted by admin on Mon, 2022-04-18 21:37 Section: Daily DispatchesThe billionaire, who was an early backer of what became one of the world's largest gold miners, says this one is even bigger.
* * *
By Gabriel Friedman
National Post / Financial Post, Toronto
Monday, April 18, 2022
Bay Street legend Eric Sprott, who became a billionaire betting on gold and silver, just made his biggest investment yet in a precious metals exploration company.
Craig Hemke at Sprott Money: Watching the silver futures calendar
Submitted by admin on Mon, 2022-04-18 17:44 Section: Daily Dispatches5:40p ET Monday, April 18, 2022
Dear Friend of GATA and Gold:
Craig Hemke of the TF Metals Report, writing today at Sprott Money, cautions that the "trade at settlement" mechanism for silver futures price suppression will be especially active in the next week.
Gold manipulation is a big part of financial journalist Lars Schall's new book
Submitted by admin on Mon, 2022-04-18 17:31 Section: Daily Dispatches5:30p ET Monday, April 18, 2022
Dear Friend of GATA and Gold:
Gold market manipulation figures heavily in the new book by the German financial journalism Lars Schall, "Notes on Recent World History -- Essays on God, Money, and Power."
For the moment the book is available only in German:
https://www.bod.de/buchshop/notizen-zur-juengeren-weltgeschichte-lars-schall-9783755710240
Jan Nieuwenhuijs: France has repatriated all its monetary gold
Submitted by admin on Sun, 2022-04-17 10:34 Section: Daily Dispatches10:30a ET Sunday, April 17, 2022
Dear Friend of GATA and Gold:
France, which long has recognized gold's enduring monetary functions, appears to have repatriated all its gold from foreign vaults in support of its longstanding objective of turning Paris into a gold trading center associated with the Banque de France, gold researcher Jan Nieuwenhuijs writes this week. The French central bank, Nieuwenhuijs writes, has been steadily increasing its facilities for gold trading.
Maguire and Kranzler discuss whether Russia is triggering a monetary system reset
Submitted by admin on Sat, 2022-04-16 22:56 Section: Daily Dispatches10:57p ET Saturday, April 16, 2022
Dear Friend of GATA and Gold:
This week's Kinesis Money "Live from the Vault" program has London metals trader Andrew Maguire in a discussion with U.S. financial newsletter writer Dave Kranzler about whether Russia's linking of the ruble to oil and gold foretells a major change in the world financial system.
The program is headlined "Is Russia Triggering the Monetary System Reset?," is 52 minutes long, and can be viewed at YouTube here:
Russian gold miner Petropavlovsk may have to sell all its assets
Submitted by admin on Sat, 2022-04-16 22:46 Section: Daily DispatchesBy Ben Martin
The Times, London
Friday, April 15, 2022
The crisis engulfing Petropavlovsk has intensified after the London-listed Russian gold miner warned investors it was contemplating a sale of all its assets that might leave them with nothing.
Petropavlovsk has been crippled in recent weeks by the fallout of the West's sanctions on Russia, which have effectively blocked the company from selling gold and paying interest on its debt.
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China makes fresh forays into gold mining sector in Tajikistan
Submitted by admin on Sat, 2022-04-16 22:38 Section: Daily DispatchesFrom Eurasianet, New York
Friday, April 15, 2022
Tajikistan's president traveled to the northern Sughd region on April 14 to oversee the opening of a new gold processing plant built by a Chinese investor at a cost of around $136 million.
The enterprise, Talco Gold, will produce up to 2.2 tons of gold and 21,000 tons of antimony annually, according to government officials.
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