You are here
Daily Dispatches
April edition of USAGold's 'News & Views' letter is available
Submitted by admin on Thu, 2021-04-01 12:28 Section: Daily Dispatches12:25p ET Thursday, April 1, 2021
Dear Friend of GATA and Gold:
USAGold's "News & Views" letter for April concentrates on inflation and its implications for the financial markets. The letter also notes that ancient China may have been the first to gain a sophisticated understanding of the nature of money and its relationship with prices. The April edition of "News & Views" is posted in the clear at USAGold here:
Turkey's central bank revamp spurs biggest outflows in 15 years
Submitted by admin on Thu, 2021-04-01 12:02 Section: Daily DispatchesBy Ugur Yilmaz
Bloomberg News
Thursday, April 1, 2021
Foreign investors sold Turkish assets at the fastest pace in 15 years last week after President Recep Tayyip Erdogan unexpectedly replaced the country's hawkish central bank governor with a vocal critic of high interest rates.
Rep. Mooney introduces bill to end federal taxes on gold and silver coins and bullion
Submitted by admin on Wed, 2021-03-31 12:33 Section: Daily DispatchesBy JP Corez
Money Metals News Service, Eagle, Idaho
Tuesday, March 30, 2021
U.S. Rep. Alex Mooney, R-West Virginia, today re-introduced sound money legislation to remove all federal income taxation from gold and silver coins and bullion.
The Monetary Metals Tax Neutrality Act (H.R. 2284), backed by the Sound Money Defense League and free-market activists, would clarify that the sale and exchange of precious metals bullion and coins are not to be included in capital gains, losses, or any other type of federal income calculation.
Dollar's share of global reserves sinks to lowest since 1995
Submitted by admin on Wed, 2021-03-31 11:49 Section: Daily DispatchesBy Susanne Barton and Daniela Sirtori-Cortina
Bloomberg News
Wednesday, March 31, 2021
The dollar's share of global currency reserves dropped in the fourth quarter to around 59%, the lowest in 25 years, according to International Monetary Fund data.
The slide came in a quarter when a gauge of the greenback fell the most since 2010, and amid questions about how long the dollar can maintain its status as the pre-eminent reserve currency.
... Dispatch continues below ...
ADVERTISEMENT
Kenneth Rogoff: The dollar's fragile hegemony
Submitted by admin on Tue, 2021-03-30 18:29 Section: Daily DispatchesBy Kenneth Rogoff
Project Syndicate, New York
Tuesday, March 30, 2021
The mighty U.S. dollar continues to reign supreme in global markets. But the greenback's dominance may well be more fragile than it appears, because expected future changes in China's exchange-rate regime are likely to trigger a significant shift in the international monetary order.
GoldCore's Dave Russell asks GATA secretary: Are central banks any good at gold suppression?
Submitted by admin on Tue, 2021-03-30 11:58 Section: Daily DispatchesFrom GoldCore, Dublin, Ireland
Tuesday, March 30, 2021
https://news.goldcore.com/market-manipulation-explained-in-gold-market/
Chris Powell is a director of GATA, the Gold Anti-Trust Action Committee. Formed in 1998, GATA’s mission is to expose, oppose, and litigate against collusion to control the price and supply of gold and related financial instruments.
Frank Holmes: Gold miners had record high profit margins in 2020
Submitted by admin on Tue, 2021-03-30 11:49 Section: Daily DispatchesBy Frank Holmes
U.S. Global Investors, San Antonio, Texas
Tuesday, March 30, 2021
Gold producers had their most profitable year ever in 2020, based on one metric.
The average all-in sustaining cost (AISC) margin, which is the gold price minus the cost to produce the metal, hit a record $828 per ounce, according to Metals Focus.
What this means is that for every ounce of gold a mining company produced in 2020, it got to pocket $828 on average. This is comfortably higher than the previous record of $666 set in 2011. ...
Africa's biggest fund manager wants to see local interest for any gold mining mergers
Submitted by admin on Tue, 2021-03-30 11:13 Section: Daily DispatchesFelix Njini and Loni Prinsloo
Bloomberg News
via Yahoo Finance, Sunnyvale, California
Tuesday, March 30, 2021
Africa's biggest fund manager and a key investor in South African gold companies said any consolidation in the sector must benefit the country as well as shareholders.
U.S. companies sound inflation alarm
Submitted by admin on Mon, 2021-03-29 20:53 Section: Daily DispatchesBy Aziza Kasumov, Colby Smith, and Eric Platt
Financial Times, London
Monday, March 29, 2021
Investors are fretting over inflation. Scores of U.S. companies are saying they are right to.
A growing number of businesses are warning that supply-chain bottlenecks, increasing raw material costs, and higher labour expenses are beginning to bite.
Manufacturing behemoth 3M has flagged rising air and freight costs to ship its goods, while Walmart has warned on the congestion in U.S. ports.
... Dispatch continues below ...
Wall Street Silver interviews GATA secretary on defeating gold and silver price suppression
Submitted by admin on Sun, 2021-03-28 23:18 Section: Daily Dispatches11:15p ET Sunday, March 28, 2021
Dear Friend of GATA and Gold:
Your secretary/treasurer was interviewed for a half hour Friday by Wall Street Silver founders Ivan Bayoukhi and Lee Justo, discussing the documentation of surreptitious intervention by governments and central banks in the gold and silver markets and how the price suppression can be defeated.
Pages
