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Daily Dispatches
Ghana's central bank launches local gold purchase program
Submitted by admin on Sat, 2021-06-19 12:51 Section: Daily DispatchesGhana's central bank launches local gold purchase program
By Paul Jacobs
African Mining Market, Johannesburg
Saturday, June 19, 2021
In its bid to shore up the foreign exchange reserves, the Bank of Ghana has launched a domestic gold purchase program that will enable it to buy gold from local aggregators and mining firms and pay in local currency at the prevailing market price.
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Charles Hugh Smith: Capitalism for the powerless, crony socialism for the powerful
Submitted by admin on Sat, 2021-06-19 12:25 Section: Daily DispatchesBy Charles Hugh Smith
OfTwoMinds.com
Friday, June 18, 2021
The only dynamic that's even faintly "capitalist" about America's crony-socialism is that the price of political corruption is still a "market."
Maguire, Hemke applaud Wall Street Silver group for cracking derivatives system
Submitted by admin on Sat, 2021-06-19 00:31 Section: Daily Dispatches12:20s ET Saturday, June 19, 2021
Dear Friend of GATA and Gold:
This week's "Live from the Vault" program from Kinesis Money is a discussion between London metals trader Andrew Maguire and Craig Hemke of the TF Metals Report, who examine the strain put on the silver market's derivatives system by the Reddit Wall Street Silver group.
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Ronan Manly: Dubai stands its ground against LBMA's bullying
Submitted by admin on Fri, 2021-06-18 23:26 Section: Daily Dispatches11:22p ET Friday, June 18, 2021
Dear Friend of GATA and Gold:
Bullion Star's Ronan Manly reports tonight that the Dubai Multi-Commodities Center is escalating its opposition to the attempt of the London Bullion Market Association to control world standards for gold trading.
Manly notes that the DMCC's executive chairman, Ahmed Sultan Bin Sulayem, lately has struck some hard blows against the LBMA's corruption and hypocrisy.
Manly's report is headlined "In Ongoing Saga, Dubai Stands its Ground with the LBMA" and it's posted at Bullion Star here:
In Craig Hemke's weekly interview, Eric Sprott discusses vaccine risk, gold smash, and Newfoundland
Submitted by admin on Fri, 2021-06-18 22:19 Section: Daily Dispatches10:16p ET Friday, June 18, 2021
Dear Friend of GATA and Gold:
Mining entrepreneur Eric Sprott returns today to Sprott Money's weekly market review with Craig Hemke, discussing the danger of Covid-19 vaccines; the smashing of gold this week on the New York Commodities Exchange, apparently to allow bullion banks to cover their short positions; and his enthusiasm for gold exploration projects in Newfoundland.
The interview is 27 minutes long and can be heard at YouTube here:
GATA Chairman Murphy interviewed by GoldSeek Radio
Submitted by admin on Fri, 2021-06-18 12:47 Section: Daily Dispatches12:41p ET Friday, June 18, 2021
Dear Friend of GATA and Gold:
Interviewed yesterday by GoldSeek Radio's Chris Waltzek, Chairman Bill Murphy said the disparity between gold's price action and its economic fundamentals has never been greater, a measure of the manipulation of the market.
The interview is nine minutes long and can be heard at GoldSeek here:
https://goldseek.com/article/goldseek-radio-nugget-bill-murphy
Hugo Salinas Price: Bitcoin and its fellows are toys for the wise, investments for the foolish
Submitted by admin on Thu, 2021-06-17 20:26 Section: Daily DispatchesBy Hugo Salinas Price
Mexican Civic Association for Silver
Thursday, June 17, 2021
Some people like to play with danger. They get a thrill out of snatching life from the jaws of death.
Look at the videos of surf-boarders. Mounted on their boards, they rush at breakneck speed down absolutely mountainous waves that break thunderously as they reach the shore. Surf-boarders do this because of the thrill of cheating death of themselves as its victims.
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Calling all 'fundamental' and 'technical' analysts: What just happened to gold?
Submitted by admin on Thu, 2021-06-17 19:39 Section: Daily Dispatches7:41p ET Thursday, June 17, 2021
Dear Friend of GATA and Gold:
How nice it would be if any of the financial market analysts who have been noting, sometimes in great detail, that the "fundamentals" for gold are spectacular would offer an explanation for this week's spectacular smashing of gold futures prices
Alasdair Macleod: Too much liquidity inflates the everything bubble
Submitted by admin on Thu, 2021-06-17 13:31 Section: Daily DispatchesBy Alasdair Macleod
GoldMoney, St. Helier, Jersey, Channel Islands
Thursday, June 17, 2021
Yesterday the Federal Open Market Committee released its June statement, which only served to remind us that its members are powerless in the face of inflationary conditions. They refuse to accept the price consequences of monetary inflation, still clinging on to an increasingly untenable hope that price rises are "transitory."
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With Wednesday's gold smash, U.S. government advertised its weakness
Submitted by admin on Thu, 2021-06-17 00:36 Section: Daily Dispatches12:42a ET Thursday, June 17, 2021
Dear Friend of GATA and Gold:
In his commentary a few hours ago at Investment Research Dynamics in Denver, Dave Kranzler wrote it's unlikely that anyone either bought or sold real gold at the smashed prices reported on the New York Commodities Exchange Wednesday afternoon after the Federal Reserve made its latest announcement about the U.S. economy. The smash was entirely a matter of derivatives:
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