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Submitted by admin on Mon, 2024-04-15 08:46 Section: Daily Dispatches8:45a 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
Submitted by admin on Mon, 2024-04-15 08:27 Section: Daily DispatchesMore remarkably, this pro-gold commentary was posted by the newspaper in the clear today.
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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
Submitted by admin on Sun, 2024-04-14 16:04 Section: Daily Dispatches4p 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
Submitted by admin on Sun, 2024-04-14 15:42 Section: Daily DispatchesBy 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
Submitted by admin on Sun, 2024-04-14 14:55 Section: Daily DispatchesFrom 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.
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At a Brooklyn pawn shop, customers are flooding in to sell gold
Submitted by admin on Sun, 2024-04-14 14:23 Section: Daily DispatchesBy 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
Submitted by admin on Sun, 2024-04-14 08:40 Section: Daily Dispatches8:40a 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.
From Indonesia to Japan, dollar's rising strength raises alarm
Submitted by admin on Sat, 2024-04-13 20:38 Section: Daily DispatchesBy Juntaro Arai
Nikkei, Tokyo
Sunday, April 14, 2024
TOKYO -- Countries across the globe are becoming increasingly wary of the growing might of the U.S. dollar. Emerging economies such as Indonesia have begun to move to defend their currencies against the possibility of renewed inflation and downward pressure on growth through higher import prices.
U.S. and U.K. crack down on Russian metals trade
Submitted by admin on Sat, 2024-04-13 20:18 Section: Daily DispatchesBy James Politi and Claire Jones
Financial Times, London
Friday, April 12, 2024
The U.S. and the U.K. have launched a crackdown on trades in Russian metals, in a move designed to limit Moscow's export revenue and restrict its ability to fund the war in Ukraine.
The action, announced by the two countries today, marks an aggressive effort by the allies to damage Russia's income -- but could disrupt trading at exchanges including the London Metal Exchange and Chicago Mercantile Exchange.
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As gold hits fresh high, Wall Street wonders about a mystery buyer
Submitted by admin on Sat, 2024-04-13 15:53 Section: Daily DispatchesBy Bob Henderson
The Wall Street Journal
Friday, April 12, 2024
Gold futures closed at their latest record-high Friday. Analysts are struggling to understand why.
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