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Daily Dispatches

Alasdair Macleod: Why interest rate management fails

Section: Daily Dispatches

By Alasdair Macleod
GoldMoney, St. Helier, Jersey, Channel Islands
Thursday, April 22, 2021

This article explains why attempting to achieve economic outcomes by managing interest rates fails. The basis of monetary interventionist theories ignores the discoveries of earlier free-market thinkers, particularly Say, Turgot, and Böhm-Bawerk.

Craig Hemke at Sprott Money: Who is ready to act against silver price suppression?

Section: Daily Dispatches

By Craig Hemke
Sprot Money, Toronto
Tuesday, April 20, 2021

Many of us are fed up. We've dealt with the overt bank price manipulation of the Comex precious metals for years, if not decades, and we're all ready for it to end.

Individually we are powerless to stop it, as the banks and their captured "regulators" collude to maintain their power. 

However, collectively we may stand a chance to overwhelm and break them. Who's ready to take action? ...

... For the remainder of the report:

Brien Lundin: Everything revolves around gold

Section: Daily Dispatches

Priced in gold, stocks are now lower than they were in the 1960s.

* * *

By Brien Lundin
Gold Newsletter, Metairie, Louisiana
Monday, April 19, 2021

When I give presentations to “newbie” gold investors, I lead off with a simple question:

What is an ounce of gold worth today?

The answer: An ounce of gold.

I follow that up by noting that the dollar, on the other hand, is currently worth about 1/1,750th of an ounce of gold.

... Dispatch continues below ...

Pam and Russ Martens: JPM's former chief monetary metals trader claims he was fired for cooperating with Justice Dept.

Section: Daily Dispatches

By Pam and Russ Martens
Wall Street on Parade
Tuesday, April 20, 2021

Donald Turnbull, a former global head of precious metals trading at JPMorgan Chase, has filed a doozy of a federal lawsuit against the bank. 

India's gold imports increase by 23% to $34.6 billion in 2020-21

Section: Daily Dispatches

From the Press Trust of India
via The Times of India, Mumbai
Sunday, April 18, 2021

NEW DELHI -- Gold imports, which have a bearing on the country's current account deficit, rose by 22.58 per cent to US$34.6 billion (about Rs 2.54 lakh crore) during 2020-21 due to increased domestic demand, according to the Commerce Ministry data.

... Dispatch continues below ...


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California gold fever still reigns as new prospectors seek to reopen giant mine

Section: Daily Dispatches

By Kurtis Alexander
San Francisco Chronicle
Sunday, April 18, 2021

GRASS VALLEY, California -- It has been a long time since California's gold country has churned out any big mining fortunes.

The rush of prospectors and the blasting of ore have given way to small towns comfortable in the quiet of the foothills. The glory of the Mother Lode today lives largely in history museums, local tourism ads and an occasional bar named the Mine Shaft or Golden Era.

But that doesn't mean there's no gold.

... Dispatch continues below ...

Biden shows he too will wield U.S. financial system as foreign policy weapon

Section: Daily Dispatches

By Katrina Manson
Financial Times, London
Saturday, April 17, 2021

By using American banks as a cudgel against Russia, Joe Biden has shown his willingness to weaponise the U.S. financial system against foes, continuing a tactic honed during the Obama years and dramatically ramped up under Donald Trump. 

... Dispatch continues below ...


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Production Due Soon from VanGold Mining
in Silver and Gold District in Central Mexico

U.S. rigs gold to defend dollar and control interest rates, GATA secretary tells Palisades Gold Radio

Section: Daily Dispatches

From Palisades Gold Radio
Saturday, April 17, 2021

Palisades Gold Radio's Tom Bodrovics welcomes Chris Powell, secretary treasurer of the Gold Anti-Trust Action Committee, to the show.

Help Chris Marcus question the CFTC, though we already know the big answer

Section: Daily Dispatches

9:56p ET Saturday, April 17, 2021

Dear Friend of GATA and Gold (and Silver):

Chris Marcus of Arcadia Economics has assembled a compelling list of questions about what seems like the indifference of the U.S. Commodity Futures Trading Commission to misconduct and manipulation in the silver market, which the commission is supposed to regulate.

... Dispatch continues below ...


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Try to remember where you put your gold, since you can't take it with you

Section: Daily Dispatches

French Town Perplexed by Gold Bars and Coins Found Stashed in Old House

By Angelique Chrisafis
The Guardian, London
Friday, April 16, 2021

The surprise discovery of three jam jars filled with gold bars and hundreds of gold coins in an old building marked for renovation has left a mountain community in eastern France perplexed and celebrating.

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