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Daily Dispatches
As gold and silver join commodity boom, try The Calandra Report and help GATA
Submitted by admin on Wed, 2021-05-19 12:29 Section: Daily Dispatches12:27p ET Wednesday, May 1p, 2021
Dear Friend of GATA and Gold:
With gold and silver showing strong signs of breaking out at last and the London Bullion Market Association appealing for central bank help to keep monetary metals prices down --
-- interest in gold and silver mining shares is rebounding.
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Ed Steer's 'Gold & Silver Digest' commentary posted in the clear at SilverSeek
Submitted by admin on Wed, 2021-05-19 12:15 Section: Daily Dispatches12:14p ET Wednesday, May 19, 2021
Dear Friend of GATA and Gold:
GATA board member Ed Steer's subscriber commentary from Saturday's edition of his Gold & Silver Digest letter (https://edsteergoldsilver.com), taking note of the new vigor in gold and silver prices, is posted in the clear at SilverSeek here:
https://silverseek.com/article/positive-close-precious-metals-friday
Canada's Centerra pursuing 'all measures' after Kyrgyzstan gold mine seizure, CEO says
Submitted by admin on Wed, 2021-05-19 11:20 Section: Daily DispatchesBy Jeff Lewis
Reuters
via Yahoo News, Sunnyvale, California
Tuesday, May 18, 2021
TORONTO -- Canada's Centerra Gold is taking all measures possible to protect shareholder rights and is seeing good support from the Canadian and UK governments, Chief Executive Scott Perry said today, a day after Kyrgyzstan seized control of the company's Kumtor gold mine.
Kyrgyzstan's parliament voted Monday to seize control of the gold mine, the country's largest, after Centerra said it would take the government to an international court. ...
Canadian consumer prices rise at fastest pace in a decade
Submitted by admin on Wed, 2021-05-19 11:07 Section: Daily DispatchesBy Shelley Hagan
Bloomberg News
Wednesday, May 19, 2021
Consumer prices in Canada climbed at the fastest rate in a decade, outpacing estimates and potentially fueling concerns that the country -- much of which is still in lockdown -- is entering a period of persistent inflation.
Annual inflation accelerated to 3.4% in April, compared with 2.2% in March, Statistics Canada reported today in Ottawa. That exceeded economist predictions of a 3.2% annual pace. On a monthly basis, inflation rose 0.5% versus the 0.2% economists were expecting. ...
Bitcoin slides below $40,000 after China's new crypto ban
Submitted by admin on Wed, 2021-05-19 10:35 Section: Daily DispatchesGovernments will have a harder time destroying gold, but they have been working on it for longer than cryptocurrencies have been around, and no escape from government control of money is likely to be easy.
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By Sujata Rao and Tommy Williams
Reuters
Wednesday, May 19, 2021
Bitcoin tumbled below the $40,000 mark today to a 3-1/2 month low as selling in digital coins intensified after China banned financial and payment institutions from providing cryptocurrency services.
Centerra Gold seeks arbitration over Kyrgyzstan gold mine
Submitted by admin on Mon, 2021-05-17 12:38 Section: Daily DispatchesBy Paolo Sorbello
The Diplomat, Washington, D.C.
Monday, May 17, 2021
A new law, rushed through the Kyrgyzstan parliament, could pose new threats to the business activity of the country's largest gold mine operator, the latest of an endless series of disputes around the country's most profitable enterprise. Now the company is seeking arbitration to resolve the ongoing dispute.
Proposed gold exchange in India wouldn't allow 'paper' gold
Submitted by admin on Mon, 2021-05-17 12:15 Section: Daily DispatchesSEBI Proposes Framework for Gold Exchange, Suggests Electronic Receipts
From the Press Trust of India
via Business Standard, New Delhi
Monday, May 17, 3021
India's markets regulator, the Securites and Exchange Board of India (SEBI), today proposed an elaborate framework for setting up a gold exchange wherein the yellow metal will be traded in the form of electronic gold receipts and will help in having a transparent domestic spot price discovery mechanism.
Central banks seek out riskier assets for reserves in yield drought -- and gold is on their list
Submitted by admin on Mon, 2021-05-17 12:02 Section: Daily DispatchesBy Tommy Stubbington
Financial Times, London
Monday, May 17, 2021
Central bankers who manage foreign currency reserves have been turning to new — and riskier — investments to compensate for the global collapse in bond yields ushered in by the pandemic, according to a new survey.
In world's top copper region, political risk rises
Submitted by admin on Mon, 2021-05-17 11:45 Section: Daily DispatchesBy Marco Aquino and Fabian Cambero
Reuters
Monday, May 17, 2021
In South America's copper-rich Andes political risk is rising as high poverty and debt levels amid the COVID-19 pandemic drive potentially sharp policy shifts and put mining wealth into the crosshairs of angry citizens and political leaders.
In No. 1 copper producer Chile, an overhaul of its market-orientated constitution is underway, and it is debating whether to hike royalties on miners.
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Dave Kranzler: Inflation, deficits, and soaring metals have mining stocks ready to launch
Submitted by admin on Mon, 2021-05-17 11:00 Section: Daily DispatchesBy Dave Kranzler
Investment Research Dynamics, Denver
Monday, May 17, 2021
The precious metals market may be starting to figure out that price inflation caused by central bank money printing in the last year -- with the Federal Reserve leading the charge -- is going to become an uncontrollable problem.
It will become even worse once the stock market and the housing market no longer "absorb" most of the money that has been printed since March 2020.
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