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Daily Dispatches

Kyrgyzstan blocked from London gold trading over missing bars

Section: Daily Dispatches

By Joe Wallace
The Wall Street Journal
Friday, September 17, 2021

The organization that oversees London’s gold trading blocked metal mined in Kyrgyzstan from entering the city’s market, dealing a blow to the central Asian nation’s bullion-dependent economy.

The London Bullion Market Association said Friday it had suspended Kyrgyzaltyn OJSC, Kyrgyzstan’s state-owned gold producer, from its list of acceptable refiners. 

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Brandon White: The petro-dollar era is ending, so what's next?

Section: Daily Dispatches

9p ET Thursday, September 16, 2021

Dear Friend of GATA and Gold:

Brandon White of Good Mining Exploration Inc., an old hand in the gold business and longtime GATA supporter, writes this week that the international oil business is escaping the domination of the U.S. dollar. The decline of the "petro-dollar" system, White argues, signals big changes in the international monetary system, changes that will restore gold and silver to their historic places.

Alasdair Macleod: The funny money game

Section: Daily Dispatches

By Alasdair Macleod
GoldMoney, Toronto
Thursday, September 16, 2021

The sense of general unease that I detect among those I meet and discuss economics and financial matters with is increasing —with good reason. Clearly, what everyone calls inflation, rising prices or more accurately currency debasement, will lead to higher interest rates, threatening markets which are unmistakably in bubble territory.

The consequences of rising prices and interest rates are still being badly underestimated.

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Government will 'kill' bitcoin if it is 'really successful,' hedge fund founder Dalio says

Section: Daily Dispatches

Ray, they're already doing a pretty good job with gold, so how about talking about that some time? All you need has been assembled here:

https://gata.org/node/20925

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Ray Dalio says if bitcoin is really successful, regulators will 'kill it'

By Yun Li
CNBC, New York
Wednesday, September 15, 2021

Ray Dalio, founder of the world's largest hedge fund, Bridgewater Associates, believes regulators would ultimately take control of bitcoin if the cryptocurrency gains mainstream success.

Brien Lundin: Is this the turning point for gold and silver?

Section: Daily Dispatches

By Brien Lundin, Editor
Gold Newsletter / Golden Opportunities
Metairie, Louisiana
Wednesday, September 15, 2021

It looks like I might have been a bit too conservative on the timing of gold's next rally.

I didn't expect it until shortly before the Fed's next meeting concludes, on the 22nd of this month, or even a bit later. That's because one of the key technical indicators that I've watched for decades seemed to need a bit more time to complete its cycle.

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New Orleans is back to normal so join GATA at the great conference there next month

Section: Daily Dispatches

By Brien Lundin
Editor, Gold Newsletter
CEO, the New Orleans Investment Conference
Wednesday, September 15, 2021

With this year's New Orleans Investment Conference just around the corner -- Tuesday through Friday, October 19-22 -- the timing couldn't be better for a metals rally.

If you're a serious investor, you need to attend this blockbuster, in-person event.

Robert Lambourne: BIS gold swaps fell slightly in August but remain high

Section: Daily Dispatches

By Robert Lambourne
Sunday, September 12, 2021

The recently released August statement of account of the Bank for International Settlements -

https://www.bis.org/banking/balsheet/statofacc210831.pdf

— contains information suggesting a decrease of about 38 tonnes in the bank's gold swaps in August, from 502 tonnes to 464 tonnes. 

This compares to the record high estimated at 552 tonnes as of February 25 this year.

Dawson City, heart of the Yukon gold rush, still has stories to tell

Section: Daily Dispatches

The lucky few who attended GATA's Gold Rush 21 conference in Dawson City in 2005 and endorsed the Dawson Declaration may especially appreciate this wonderful journalism about a recent visit to the town.

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125 Years After Gold Was Discovered in the Yukon, We Ventured up to Dawson City. Here's What It Looks Like Now

By Brendan Kiley
Seattle Times
Saturday, September 10, 2021

Ronan Manly: Can corporate treasurers afford to ignore Palantir's gambit on gold?

Section: Daily Dispatches

12:40p ET Friday, September 10, 2021

Dear Friend of GATA and Gold:

Having just announced purchase of $50 million in gold bars, data-analysis giant Palantir might know something, Bullion Star researcher Ronan Manly writes today, especially since the company does a lot of business for the U.S. government.

Manly's commentary is headlined "Can Corporate Treasurers Afford to Ignore Palantir's Gambit on Gold?" and it's posted at Bullion Star here:

Sibanye wants to tap green metals boom as gold deals lack value

Section: Daily Dispatches

Sibanye wants to tap green metals noom as gold deals lack value

By Felix Njini
Bloomberg News
Thursday, September 8, 2021

Sibanye Stillwater Ltd.'s dealmaking boss said the precious metal miner's immediate priority is to expand in battery metals rather than gold.

Some of the biggest mining companies are expanding into or eying commodities tied to the green revolution, such as metals used in electric-vehicle batteries. 

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