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Daily Dispatches
GATA Chairman Murphy interviewed by GoldSeek Radio
Submitted by admin on Fri, 2021-06-18 12:47 Section: Daily Dispatches12:41p ET Friday, June 18, 2021
Dear Friend of GATA and Gold:
Interviewed yesterday by GoldSeek Radio's Chris Waltzek, Chairman Bill Murphy said the disparity between gold's price action and its economic fundamentals has never been greater, a measure of the manipulation of the market.
The interview is nine minutes long and can be heard at GoldSeek here:
https://goldseek.com/article/goldseek-radio-nugget-bill-murphy
Hugo Salinas Price: Bitcoin and its fellows are toys for the wise, investments for the foolish
Submitted by admin on Thu, 2021-06-17 20:26 Section: Daily DispatchesBy Hugo Salinas Price
Mexican Civic Association for Silver
Thursday, June 17, 2021
Some people like to play with danger. They get a thrill out of snatching life from the jaws of death.
Look at the videos of surf-boarders. Mounted on their boards, they rush at breakneck speed down absolutely mountainous waves that break thunderously as they reach the shore. Surf-boarders do this because of the thrill of cheating death of themselves as its victims.
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Calling all 'fundamental' and 'technical' analysts: What just happened to gold?
Submitted by admin on Thu, 2021-06-17 19:39 Section: Daily Dispatches7:41p ET Thursday, June 17, 2021
Dear Friend of GATA and Gold:
How nice it would be if any of the financial market analysts who have been noting, sometimes in great detail, that the "fundamentals" for gold are spectacular would offer an explanation for this week's spectacular smashing of gold futures prices
Alasdair Macleod: Too much liquidity inflates the everything bubble
Submitted by admin on Thu, 2021-06-17 13:31 Section: Daily DispatchesBy Alasdair Macleod
GoldMoney, St. Helier, Jersey, Channel Islands
Thursday, June 17, 2021
Yesterday the Federal Open Market Committee released its June statement, which only served to remind us that its members are powerless in the face of inflationary conditions. They refuse to accept the price consequences of monetary inflation, still clinging on to an increasingly untenable hope that price rises are "transitory."
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With Wednesday's gold smash, U.S. government advertised its weakness
Submitted by admin on Thu, 2021-06-17 00:36 Section: Daily Dispatches12:42a ET Thursday, June 17, 2021
Dear Friend of GATA and Gold:
In his commentary a few hours ago at Investment Research Dynamics in Denver, Dave Kranzler wrote it's unlikely that anyone either bought or sold real gold at the smashed prices reported on the New York Commodities Exchange Wednesday afternoon after the Federal Reserve made its latest announcement about the U.S. economy. The smash was entirely a matter of derivatives:
China pledges to release metal reserves to tackle price and shortage fears
Submitted by admin on Wed, 2021-06-16 10:42 Section: Daily DispatchesBy Thomas Hale, Neil Hume, and Henry Sanderson
Financial Times, London
Wednesday, June 16, 2021
Industrial metals are in the spotlight after Chinese authorities made a pledge to release government reserves to tackle concerns over shortages and high prices.
The National Food and Strategic Reserves Administration said in a statement today that it would release batches of metals, including copper, aluminium and, zinc, making them available to manufacturers.
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Tom Luongo: Killing all the birds with one pile of gold
Submitted by admin on Wed, 2021-06-16 00:49 Section: Daily Dispatches12:45a ET Wednesday, June 16, 2021
Dear Friend of GATA and Gold:
Financial writer Tom Luongo tonight posted a long and complicated speculation about what he thinks the "Davod Crowd" means to do with the world financial system. It involves selling some national gold reserves through the International Monetary Fund in the name of helping poor countries -- a ruse that was undertaken years ago to help bullion banks and central banks cover short positions -- and giving the IMF supervision of world currency creation.
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Craig Hemke at Sprott Money: Untrustworthy unallocated gold, Part Umpteen
Submitted by admin on Tue, 2021-06-15 21:44 Section: Daily Dispatches9:41p ET Tuesday, June 16, 2021
Dear Friend of GATA and Gold:
The TF Metals Report' Craig Hemke today calls attention to the latest review of the Perth Mint's financial statement by Rob Kientz of Gold/Silver Pros and London-based accountant Dan Vigario, who conclude again that the Perth Mint is operating a fractional-reserve gold and silver bank and that, contrary to the mint's claims, the mint does not hold enough metal to back all its obligations to customers.
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Producer prices climb 6.6% in May on annual basis -- and gold futures go down
Submitted by admin on Tue, 2021-06-15 11:30 Section: Daily DispatchesBy Jeff Cox
CNBC, New York
Tuesday, June 15, 2021
Producer prices rose at their fastest annual clip in nearly 11 years in May as inflation continued to build in the U.S. economy, the Labor Department reported today.
The 6.6% surge was the biggest 12-month rise in the final demand index since the Bureau of Labor Statistics began tracking the data in November 2010.
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Negative money-market rates are more reason for U.S. to push gold down
Submitted by admin on Tue, 2021-06-15 11:11 Section: Daily DispatchesFed Urged to Aid Money-Market Funds as Negative Rates Loom
By Michael Mackenzie and Colby Smith
Financial Times, London
Tuesday, June 15, 2021
A growing chorus of investors is urging the Federal Reserve to act to prevent negative rates taking hold in parts of the U.S. financial markets, as a wall of cash drives down yields on short-term debt and threatens to overwhelm the $4 trillion money market fund industry.
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