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Daily Dispatches
Alasdair Macleod: Western socialism and Eastern capitalism
Submitted by admin on Fri, 2021-07-30 21:17 Section: Daily DispatchesBy Alasdair Macleod
GoldMoney, Toronto
Friday, July 30, 2021
There has been a significant shift in geopolitics in recent months, with the United States consciously deciding to withdraw from Asian conflicts, notably in Afghanistan. But the diplomatic war against Iran also appears to have been downgraded and the U.S. presence in Iraq is to be wound down. Furthermore, President Biden has downplayed his objections to the Nord Stream 2 pipeline between Russia and Germany.
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Pam and Russ Martens: Fed plans to backstop Wall Street with a $500 billion standing repo loan facility
Submitted by admin on Thu, 2021-07-29 19:31 Section: Daily DispatchesBy Pam and Russ Martens
Wall Street on Parade
Thursday, July 29, 2021
You really can’t make this stuff up. A G30 Working Group Chaired by Tim Geithner, the former President of the New York Fed, that secretly sluiced $29 trillion to bail out the Wall Street banks from their hubristic collapse in 2008, released a report today calling for a Standing Repo Facility from the Fed that would be “open to a broad range of market participants….”
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New York Sun: Beyond Bretton Woods
Submitted by admin on Thu, 2021-07-29 18:57 Section: Daily DispatchesFrom The New York Sun
Thursday, July 29, 2021
The New York Sun launches, with Judy Shelton's op-ed this evening --
https://www.nysun.com/national/god-and-money-a-perfect-and-just-measure-shalt/91597/
-- a series on the 50th anniversary of the collapse of the monetary system that had been established at Bretton Woods at the end of World War II.
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Palisades Gold Radio interviews Ted Butler on silver market rigging
Submitted by admin on Wed, 2021-07-28 21:47 Section: Daily Dispatches9:40p ET Wednesday, July 28, 2021
Dear Friend of GATA and Gold:
Tom Bodrovics of Palisades Gold Radio today interviews silver market analyst Ted Butler about manipulation of the silver market by major investment banks. U.S. market regulators, Butler says, refuse to act against the banks' concentrated short positions in the silver futures markets.
The interview is 49 minutes long and can be heard at YouTube here:
Debt will explode financial system and boost metals, commodities, Steer tells Wall Street Silver
Submitted by admin on Wed, 2021-07-28 21:35 Section: Daily Dispatches9:30p ET Wednesday, July 28, 2021
Dear Friend of GATA and Gold:
Wall Street Silver's standing committee of Lee Juston, Jim Lewis, and Ivan Bayouhki today interview GATA board member Ed Steer, publisher of Ed Steer's Gold & Silver Digest letter (EdSteerGoldSilver.com), about silver's prospects and the creakiness of the world financial system.
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Ronan Manly: The sage of Venezuela's 31 tonnes of gold at the Bank of England continues
Submitted by admin on Wed, 2021-07-28 19:36 Section: Daily Dispatches7:30p ET Wednesday, July 28, 2021
Dear Friend of GATA and Gold:
Bullion Star's Ronan Manly tonight reviews the long-running case of the competing claims to the Venezuelan gold reserves held at the Bank of England, concluding that if the government of the United Kingdom refuses to return the gold to the regime that actually runs Venezuela, no matter how corrupt and totalitarian it is, the Bank of England may be finished as an international custodian of gold reserves.
Brandon White: Gold confiscation -- the juice isn't worth the squeeze
Submitted by admin on Wed, 2021-07-28 13:51 Section: Daily Dispatches1:59p ET Wednesday, July 28, 2021
Dear Friend of GATA and Gold:
Gold confiscation by governments in the United States, Canada, and other Western countries isn't likely, GATA's old friend the gold industry veteran Brandon White writes this week, because the public owns too little of the monetary metal to make confiscation profitable.
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Good Mining Exploration Resumes Search
for Gold at Golden Target Project in Ontario
Craig Hemke at Sprott Money: Comex option expiration price control
Submitted by admin on Tue, 2021-07-27 20:35 Section: Daily DispatchesBy Craig Hemke
Sprott Money, Toronto
Tuesday, July 27, 2021
Some of you will question why it's valuable to document the obvious price-rigging by The Banks. The answer? Because remarkably there are still "analysts," many of whom the precious metals community holds in high regard, who claim that the pricing mechanism is fair, honest, and free of price manipulation.
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Romania's Roman gold mines get UNESCO heritage status
Submitted by admin on Tue, 2021-07-27 20:25 Section: Daily DispatchesBy Stephen McGrath
Associated Press
Monday, July 26, 2021
BUCHAREST, Romania -- Ancient Roman mining galleries in a mountainous Romanian region that has been at the center of a long, fierce battle between a Canadian mining company and environmentalists were added to UNESCO’s World Heritage list today.
Rosia Montana, located in western Romania, is home to Europe's largest gold deposits. Gabriel Resources, a Canadian mining company that gained concession rights in 1999, planned to extract the gold and silver over a 16-year period.
Egyptian billionaire Sawiris establishes $1.4 billion gold mining vehicle
Submitted by admin on Tue, 2021-07-27 12:12 Section: Daily DispatchesBy Henry Sanderson
Financial Times, London
Monday, June 26, 2021
Egyptian billionaire Naguib Sawiris has set up a $1.4 billion fund to hold his gold mining investments and pursue new opportunities in the sector, which he says is need of consolidation.
The Luxembourg-based La Mancha Fund will be a "deep value, long-only fund" dedicated to gold mining and open to new investors, Sawiris said. The fund will also invest in battery metals needed for electric cars.
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