You are here
Daily Dispatches
China's 2021 gold consumption jumps by a third in year as economy grows
Submitted by admin on Thu, 2022-01-27 11:53 Section: Daily DispatchesBy Emily Chow
Reuters
Thursday, January 27, 2022
BEIJING -- China's 2021 gold consumption rose by over a third from the previous year, as its economy rebounded from the coronavirus impact, the China Gold Association said today.
Consumption in the world's largest gold consumer rose 36.53% year-on-year to 1,120.9 tonnes. It was also up 11.78% compared with consumption in 2019, before the pandemic.
... Dispatch continues below ...
... ADVERTISEMENT ...
Pam and Russ Martens: Wall Street megabanks have shifted their derivative exposure to corporations
Submitted by admin on Thu, 2022-01-27 11:19 Section: Daily DispatchesBy Pam and Russ Martens
Wall Street on Parade
Thursday, January 27, 2022
The last thing a volatile stock market needs right now is more surprises from the dark corners of Wall Street. Unfortunately, we can guarantee you that more surprises are coming in the way of uncleared derivatives blowing up on the balance sheets of publicly-traded corporations.
How do we know this?
... Dispatch continues below ...
... ADVERTISEMENT ...
Craig Hemke: The strange correlation of Comex silver and GDX
Submitted by admin on Tue, 2022-01-25 22:16 Section: Daily DispatchesBy Craig Hemke
Sprott Money, Toronto
Tuesday, January 25, 2022
As we all await the latest Federal Open Market Committee mutterings on Wednesday, I thought it might be fun to write this week about something you may not have noticed. And what's that?
It's the curious yet almost 100% long-term correlation between the price of Comex silver and the price of the popular gold mining share exchange-traded fund with the symbol GDX.
Pam and Russ Martens: Federal agency hides bank identities in study of dangerous derivatives
Submitted by admin on Tue, 2022-01-25 12:06 Section: Daily DispatchesBy Pam and Russ Martens
Wall Street on Parade
Tuesday, January 25, 2022
The Office of Financial Research is the federal agency created under the Dodd-Frank financial reform legislation of 2010. Its role is to provide early warnings to U.S. bank regulators and the public of systemic risks that threaten U.S. financial stability, so that another 2008-style Wall Street crisis can never again devastate the U.S. economy.
Silver is on the launchpad, GATA's Steer tells Wall Street Silver
Submitted by admin on Tue, 2022-01-25 11:59 Section: Daily Dispatches11:58a ET Tuesday, January 25, 2022
Dear Friend of GATA and Gold:
GATA board member Ed Steer, editor of Ed Steer's Gold & Silver Digest, was interviewed by the Wall Street Silver boys a few days ago and said that silver supplies are tight and that the metal is "on the launchpad."
The interview is 17 minutes long and can be viewed at YouTube here:
Ted Butler: JPMorgan must have 'tricked' Bank of America into shorting so much gold and silver
Submitted by admin on Mon, 2022-01-24 11:51 Section: Daily Dispatches11:54a ET Monday, January 24, 2022
Dear Friend of GATA and Gold:
Silver market analyst Ted Butler writes today that Bank of America has taken what seem huge short positions in gold and silver because the bank was "tricked in some way" by bullion bank JPMorganChase & Co.
India plans 'gold savings accounts' to reduce demand for real metal -- and thus its price
Submitted by admin on Sat, 2022-01-22 10:39 Section: Daily DispatchesHow stupid does the government think its people are? Comprehensively stupid.
* * *
Gold Savings Accounts Likely to Check Widening Current Account Deficit
By Sutanuka Ghosal
The Times of India, Mumbai
Saturday, January 22, 2022
The case for 'digital gold' unravels as bitcoin's plunge deepens
Submitted by admin on Fri, 2022-01-21 19:35 Section: Daily DispatchesBy Akayla Gardner
Bloomberg News
Friday, January 21, 2021
The argument Bitcoin is a form of "digital gold" is falling apart.
As the largest cryptocurrency slips to $38,000, the lowest price since August, its decline in tandem with risk assets such as tech stocks is casting a shadow on a long-touted similarity to gold.
... Dispatch continues below ...
... ADVERTISEMENT ...
Emirates take on LBMA with launch of UAE Good Delivery Standard for gold
Submitted by admin on Fri, 2022-01-21 19:19 Section: Daily DispatchesBy Ronan Manly
Bullion Star, Singapore
Friday, January 21, 2022
In the ongoing tug of war between the gold trading centres of, on the one hand, the United Arab Emirates, and, on the other, the axis of London-Switzerland, the UAE has now thrown down the gauntlet with the launch of a UAE Good Delivery Standard for gold, a system that will go into effect in February.
Import duty on gold may be slashed in India's budget
Submitted by admin on Fri, 2022-01-21 16:42 Section: Daily DispatchesBy Annapurna Singh
Deccan Herald, Bengalore, India
Friday, January 21, 2022
The government may reduce import duty on gold in the Union budget to curb the exponential rise in smuggling that has not only impacted the government's tax revenues but also the export of gems and jewellery from the country.
Pages
