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Daily Dispatches

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Section: Daily Dispatches

8:58a Tuesday, April 16, 2024

Dear Friend of GATA and Gold (and Silver and other metals):

Mining company shares are taking off as governments are issuing infinite money and incurring infinite debt, and Thom Calandra of The Calandra Report (at Thomcalandra.com) is connecting with newly subscribed GATA supporters and sharing with them his insights about producing gold and silver mines and gold and silver explorers in the Yukon, Quebec, Nevada, Mexico, Ghana, and elsewhere. 

E.J. Antoni and Peter St. Onge: Is the Biden administration trying to destroy the dollar?

Section: Daily Dispatches

By E.J. Antoni and Peter St. Onge
The Heritage Foundation, Washington
Monday, April 15, 2024

Confidence in Western financial markets has already been shaken enough by the 20% devaluation of the dollar over the last few years. But now the European Commission wants to hand Ukraine $300 billion seized from Russia. Doing so likely would sound the death knell for the dollar and eventually the euro.

Brien Lundin: 'Dislocated' gold may be at center of recent price volatility

Section: Daily Dispatches

2:51p ET Monday, April 15, 2024

Dear Friend of GATA and Gold:

Writing today about Friday's sharp rise and sharp fall in the gold price, Gold Newsletter editor Brien Lundin writes that something major seems to be happening with gold besides central bank buying. Lundin suspects that it may involve "dislocated" gold -- "gold that should be in national reserves but isn't."

Subscribe to The Calandra Report, make money, and help GATA

Section: Daily Dispatches

8:45a Monday, April 15, 2024

Dear Friend of GATA and Gold (and Silver and other metals):

Mining company shares are taking off as governments are issuing infinite money and incurring infinite debt, and Thom Calandra of The Calandra Report (at Thomcalandra.com) is connecting with newly subscribed GATA supporters and sharing with them his insights about producing gold and silver mines and gold and silver explorers in the Yukon, Quebec, Nevada, Mexico, Ghana, and elsewhere. 

Looks like even the Financial Times is starting to concede to gold

Section: Daily Dispatches

More remarkably, this pro-gold commentary was posted by the newspaper in the clear today.

* * *

Gold is back, and it has a message for us

By Rana Foroohar
Financial Times, London
Monday, April 15, 2024

Not enough silver to support more paper slams, Turk tells King World News

Section: Daily Dispatches

4p ET Sunday, April 14, 2024

Dear Friend of GATA and Gold (and Silver):

Commenting to Eric King at King World News, GoldMoney founder James Turk says silver's sharp fall on Friday began when the London physical market closed and the New York paper market took over. But Turk thinks it unlikely that there will be too many more paper slams of silver because some metal is needed to support such slams and the shorts just don't have enough.

Turk's comments can be found at King World News here:

China's gold markets are under strain as new buyers hunt for stable investment

Section: Daily Dispatches

By He Huifeng
South China Morning Post, Hong Kong
Sunday, April 14, 2024

April has been a busy month for the Hualin International Jewelry Market in Guangzhou. A scrum of eager buyers has descended upon the venue, looking to join a new gold rush as prices soar and the precious metal takes on new life as a vehicle for investment.

Zimbabwe's gold-backed currency surges amid market skepticism

Section: Daily Dispatches

From Xinhua, Beijing
Sunday, April 14, 2024

HARARE, Zimbabwe -- Zimbabwe's newly launched gold-backed currency, known as the Zimbabwe Gold (ZiG), has hit the ground running, gaining 1.1% against the U.S. dollar in its first week of trading.

The surge aligns with the robust rise in gold prices, driven by investor demand for safe-haven assets amidst escalating tensions in the Middle East.

... Dispatch continues below ...


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At a Brooklyn pawn shop, customers are flooding in to sell gold

Section: Daily Dispatches

By Yvonne Yue Li, Jack Ryan, and Sybilla Gross
Bloomberg News
Sunday, April 14, 2024

Investors and metals traders can't agree on what exactly is behind gold's recent rally. At King Gold & Pawn in Brooklyn, the customers don't care. They just want to sell.

For some, sky-high values simply mean it's a good time to cash in; It's hard to ignore record prices that climbed above $2,400 an ounce last week. For others, it's a more desperate move to get money for bills and rent. Whatever the need, what's clear is jewelers and pawn shops are seeing a flood of sellers.

Subscribe to The Calandra Report, make money, and help GATA

Section: Daily Dispatches

8:40a Sunday, April 14, 2024

Dear Friend of GATA and Gold (and Silver and other metals):

Mining company shares are taking off as governments are issuing infinite money and incurring infinite debt, and Thom Calandra of The Calandra Report (at Thomcalandra.com) is connecting with newly subscribed GATA supporters and sharing with them his insights about producing gold and silver mines and gold and silver explorers in the Yukon, Quebec, Nevada, Mexico, Ghana, and elsewhere. 

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