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Daily Dispatches

The great New Orleans conference returns, and with a money-back guarantee

Section: Daily Dispatches

By Brien Lundin
Publisher, Gold Newsletter
CEO, New Orleans Investment Conference
Saturday, August 14, 2021

This year’s New Orleans Investment Conference is coming up -- Tuesday through Friday, October 19-22 -- and you’ll kick yourself if you miss it.

Why? Because this is without a doubt the most valuable, important, rewarding -- and eagerly awaited --event in many years.

It will be the first big in-person event of its kind post-pandemic --a "welcome home" for hundreds of today's smartest and most active investors.

GATA Chairman Murphy rages at constant attacks on the monetary metals

Section: Daily Dispatches

8:15p ET Saturday, August 14, 2021

Dear Friend of GATA and Gold:

Those gold smashes aren't the bullion banks' doing but government's

Section: Daily Dispatches

4:11p ET Friday, August 13, 2021

Dear Friend of GATA and Gold:

Writing yesterday at Sprott Money, market analyst David Brady attributes last Sunday night's flash-crash attack on the monetary metals to the desperation of bullion banks to cover their longstanding short positions in the futures markets in anticipation of cataclysmic events that will be enormously positive for the metals.

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Ted Butler: The bad, the ugly, and the good

Section: Daily Dispatches

By Ted Butler
SilverSeek.com
Thursday, August 12, 2021

In the space of two trading days, the world of gold and silver prices was turned on its head. On Friday and Monday silver plunged to its lowest level of 2021, gold touched its low for the year and the silver/gold price ratio also rose to its most undervalued level for silver of the year. 

Not that anyone needs reminding, let me first run through the bad and ugly aspects of the price smash before getting into what was good about it. And yes, the bad and the good overlap.

Dave Kranzler: Is the Fed bracing for impact?

Section: Daily Dispatches

By Dave Kranzler
Investment Research Dynamics, Denver
Thursday, August 12, 2021

"The concept of transitory is really this: it is that, uh, the increases will happen. We’re not saying they will reverse. That's not what transitory means. It means that the increases in prices will happen, so there will be inflation, but that the process of inflation, uh, will stop so that, so that there won’t be furth- uh -- fur- ..."

-- Jay Powell, verbatim, on inflation at the last post-FOMC meeting press conference.

Pam and Russ Martens: Fed report shows a spike in repo loans warns of market crash

Section: Daily Dispatches

By Pam and Russ Martens
Wall Street on Parade
Thursday, August 12, 2021

On July 29 the Federal Reserve released its annual report for 2020. ahe Appendix contains 13 statistical tables that would make most folks’ eyes glaze over.

Table G.5A., however, is worthy of a glass of good wine, a comfy armchair, and some serious musing. 

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Prices paid to producers in U.S. increase more than forecast

Section: Daily Dispatches

Counterintuitively enough, gold prices fell.

* * *

By Olivia Rockerman
Bloomberg News
Thursday, August 12, 2021

Prices paid to U.S. producers rose in July by more than expected, suggesting that higher commodity costs and supply bottlenecks are still adding to inflationary pressures for companies.

Yoo-hoo, World Gold Council -- Do you have any explanation for this?

Section: Daily Dispatches

GATA does.

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Gold Among the Worst 2021 Investments, Allstarcharts Founder Says

By Thomas Hum
Yahoo Finance, Sunnyvale, California
Wednesday, August 11, 2021

Brien Lundin: Flash crash in gold was obviously an attack of market manipulation

Section: Daily Dispatches

By Brien Lundin, Editor
Gold Newsletter, Metairie, Louisiana
Wednesday, August 11, 2021

We've seen this movie before.

Most notably, it occurred in April of 2013, when high-frequency traders (HFTs) pocketed a billion or so dollars by taking the gold price down more than $250 over the course of two trading sessions.

They did it again on Sunday night.

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Kyrgyzstan set to complete seizure of Centerra gold mine

Section: Daily Dispatches

From Agence France-Presse
via Yahoo News, Sunnyvale, California
Wednesday, August 11, 2021

Kyrgyzstan said today that it had launched the process of kicking out its largest foreign investor, Canada's Centerra Gold, over "large-scale corruption" at the impoverished country's largest gold mine.

Kyrgyz authorities earlier this year seized control over the mine formerly operated by the company which accounted for 12.5 percent of Kyrgyzstan's GDP in 2020 and has long fuelled political struggles in the ex-Soviet republic.

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