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Daily Dispatches

China's net gold imports via Hong Kong rebound in June

Section: Daily Dispatches

By Brijesh Patel
Reuters
Monday, July 26, 2021

https://www.reuters.com/article/us-china-gold-imports/chinas-net-gold-imports-via-hong-kong-rebound-in-june-idUSKBN2EW17J

China’s net gold imports via Hong Kong jumped nearly 42% in June after a slump in May, Hong Kong Census and Statistics Department data showed today.

Biden's crime chief had red flags on financial disclosure form but Senate ignored them

Section: Daily Dispatches

By Pam and Russ Martens
Wall Street on Parade
Monday, July 26, 2021

What happened on July 20 with the 56-44 vote in the Senate to confirm Kenneth Polite (pronounced Po-leet) to head the most powerful criminal law enforcement office in the United States, the Criminal Division of the Department of Justice, is a cautionary tale that should concern every American. 

First Majestic CEO Neumeyer explains the only way of beating price suppression

Section: Daily Dispatches

9:50p ET Sunday, July 25, 2021

Dear Friend of GATA and Gold:

In an interview with Daniela Cambone of Stansberry Research, First Majestic Silver CEO Keith Neumeyer says the only way to beat silver price suppression is for investors to buy physical silver and remove it from the banking system or for government regulators to move against the investment banks that create and sell infinite amounts of "paper" silver.

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Bullion Star infographic: Paper silver vs. physical silver

Section: Daily Dispatches

From Bullion Star, Singapore
Friday, July 23, 2021

In the current global financial system, the international silver price is derived from trading of vast volumes of ‘paper silver’ that dwarf both physical silver exchange inventories and new physical silver supply.

Pam and Russ Martens: More felonies earn Morgan CEO Jamie Dimon a $50 million bonus

Section: Daily Dispatches

By Pam and Russ Martens
Wall Street on Parade
Friday, July 23, 2021

The unthinkable is happening with alarming regularity at the Frankenbank JPMorgan Chase. 

Over the last seven years, with Chairman and CEO Jamie Dimon at the helm, JPMorgan Chase has managed to do what no other federally-insured American bank has managed to do in the history of banking in the United States. 

The bank has admitted to five separate felony counts brought by the U.S. Department of Justice, while regulators took no action to remove the Board of Directors or Jamie Dimon.

Alasdair Macleod: 2020-22 vs. 1929-32

Section: Daily Dispatches

By Alasdair Macleod
GoldMoney, Toronto
TDhursday, July 22, 2021

Current levels of equity markets are not only divorced from their underlying economic and business realities but are repeating the madness of crowds that led to the Wall Street crash of 1929-1932. The obvious difference is in the money: gold-backed dollars then compared with unbacked fiat today.

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USA Gold: Coins and Bullion Since 1973

ECB vows to persist with negative rates in bid to fuel inflation

Section: Daily Dispatches

By Martin Arnold
Financial Times, London
Thursday, July 22, 2021

The European Central Bank will keep buying bonds and maintain its deeply negative interest rates in an attempt to shift the eurozone economy out of its persistent pattern of sluggish inflation, its policymakers decided today.

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Good Mining Exploration Resumes Search
for Gold at Golden Target Project in Ontario

Gold trader bragged about 'how easy' it is to manipulate prices

Section: Daily Dispatches

Indeed, ease of manipulation is precisely the purpose of the gold futures market:

https://www.gata.org/node/17081

* * *

By Bre Bradhman
Bloomberg News
via Yahoo News, Sunnyvale, California
Wednesday, July 21, 2021

https://finance.yahoo.com/news/gold-trader-chat-bragged-easy-001619023.html

Potosi, the silver mine that changed the world

Section: Daily Dispatches

9:47p ET Wednesday, July 21, 2021

Dear Friend of GATA and Gold:

Historian Lance Geiger, "The History Guy" at YouTube, today presents a fascinating account of the world's first great silver mine, Potosi in Spanish-ruled Peru. 

Potosi silver, Geiger relates, created the world's first international currency, funded and destroyed empires, and, of course, imposed virtual slavery on the nearby inhabitants, who had to work in the mine.

Basel 3 shows big powers want gold to replace dollar, Naylor-Leyland says

Section: Daily Dispatches

9:21p ET Wednesday, July 21, 2021

Dear Friend of GATA and Gold:

British gold fund manager Ned Naylor-Leyland is the guest on Sprott Money's "Ask the Expert" program this month, and interviewed by host Craig Hemke, Naylor-Leyland says the new "Basel 3" protocols for gold derivatives held by banks suggest that the G-20 powers and the Bank for International Settlements want gold to replace the U.S. dollar as the world's "risk-free instrument."

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