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Daily Dispatches
Alasdair Macleod: 2020-22 vs. 1929-32
Submitted by admin on Thu, 2021-07-22 14:00 Section: Daily DispatchesBy Alasdair Macleod
GoldMoney, Toronto
TDhursday, July 22, 2021
Current levels of equity markets are not only divorced from their underlying economic and business realities but are repeating the madness of crowds that led to the Wall Street crash of 1929-1932. The obvious difference is in the money: gold-backed dollars then compared with unbacked fiat today.
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USA Gold: Coins and Bullion Since 1973
ECB vows to persist with negative rates in bid to fuel inflation
Submitted by admin on Thu, 2021-07-22 13:42 Section: Daily DispatchesBy Martin Arnold
Financial Times, London
Thursday, July 22, 2021
The European Central Bank will keep buying bonds and maintain its deeply negative interest rates in an attempt to shift the eurozone economy out of its persistent pattern of sluggish inflation, its policymakers decided today.
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Good Mining Exploration Resumes Search
for Gold at Golden Target Project in Ontario
Gold trader bragged about 'how easy' it is to manipulate prices
Submitted by admin on Thu, 2021-07-22 10:16 Section: Daily DispatchesIndeed, ease of manipulation is precisely the purpose of the gold futures market:
https://www.gata.org/node/17081
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By Bre Bradhman
Bloomberg News
via Yahoo News, Sunnyvale, California
Wednesday, July 21, 2021
https://finance.yahoo.com/news/gold-trader-chat-bragged-easy-001619023.html
Potosi, the silver mine that changed the world
Submitted by admin on Wed, 2021-07-21 21:49 Section: Daily Dispatches9:47p ET Wednesday, July 21, 2021
Dear Friend of GATA and Gold:
Historian Lance Geiger, "The History Guy" at YouTube, today presents a fascinating account of the world's first great silver mine, Potosi in Spanish-ruled Peru.
Potosi silver, Geiger relates, created the world's first international currency, funded and destroyed empires, and, of course, imposed virtual slavery on the nearby inhabitants, who had to work in the mine.
Basel 3 shows big powers want gold to replace dollar, Naylor-Leyland says
Submitted by admin on Wed, 2021-07-21 21:24 Section: Daily Dispatches9:21p ET Wednesday, July 21, 2021
Dear Friend of GATA and Gold:
British gold fund manager Ned Naylor-Leyland is the guest on Sprott Money's "Ask the Expert" program this month, and interviewed by host Craig Hemke, Naylor-Leyland says the new "Basel 3" protocols for gold derivatives held by banks suggest that the G-20 powers and the Bank for International Settlements want gold to replace the U.S. dollar as the world's "risk-free instrument."
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Pam and Russ Martens: Markets plunge on reports of fully vaccinated getting Delta strain
Submitted by admin on Tue, 2021-07-20 11:09 Section: Daily DispatchesBy Pam and Russ Martens
Wall Street on Parade
Tuesday, July 20, 2021
Yesterday the Dow Jones Industrial Average fell 725.8 points out of fear that there will be renewed business restrictions to deal with spiking COVID cases in all 50 states in the U.S.
On July 8 the Food and Drug Administration and the Centers for Disease Control and Prevention jointly released an unequivocal statement on the COVID-19 vaccines that are in use in the United States.
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Brazilian central bank buys 41.8 tons of gold to bolster reserves
Submitted by admin on Mon, 2021-07-19 10:52 Section: Daily DispatchesFrom The Rio Times
Rio de Janeiro, Brazil
Saturday, July 17, 2021
RIO DE JANEIRO, Brazil -- After years without substantially changing the amount of gold in its international asset reserves, the Brazilian Central Bank, headed by Roberto Campos Neto, bought 41.8 tons of the metal in June.
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Storage and Withdrawal of Gold
with Bullion Star in Singapore
UK reaffirms backing for Guaido as Venezuela president ahead of $1 billion gold case
Submitted by admin on Sun, 2021-07-18 20:43 Section: Daily DispatchesFrom Reuters
Monday, July 19, 2021
LONDON -- The British government reiterated today that it recognises opposition figure Juan Guaido as Venezuela's president, a move aimed at quashing a bid by the Nicolas Maduro-backed Venezuelan central bank to repatriate nearly $1 billion of its gold stored in London.
Legal teams representing Maduro and Guaido will be at the UK Supreme Court tnday in the latest stage of a long-running tug-of-war over what amounts to about 15% of Venezuela's foreign currency reserves.
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GATA Chairman Murphy reviews failure of 'Basel 3' to stop metals price suppression
Submitted by admin on Sun, 2021-07-18 13:48 Section: Daily Dispatches1:45p ET Sunday, July 18, 2021
Dear Friend of GATA and Gold:
In an interview this week with Michelle Holiday of Portfolio Wealth Global, GATA Chairman Bill Murphy discusses the years of counterintuitive moves in gold and silver prices and the failure of the "Basel 3" banking protocols to diminish the use of "paper gold" and thus their failure to boost the gold price. Murphy also reviews the refusal of financial news organizations to examine manipulation of the monetary metals markets. The interview is a half hour long and can be viewed at YouTube here:
'Strange' bond reaction to inflation puzzles investors -- because the press won't pose key questions
Submitted by admin on Sat, 2021-07-17 16:41 Section: Daily DispatchesWell, of course "strange" and "counterintuitive" market action is puzzling investors. For the Financial Times and other financial news organizations never put to central banks the crucial questions about their surreptitious market interventions, starting with the monetary metals markets. Everything would make perfect sense if the FT and other financial news organizations did ask. Here, once again, are a few dozen tips for them:
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