You are here
Daily Dispatches
Craig Hemke at Sprott Money: Comex gold offtake remains extraordinarily high
Submitted by admin on Tue, 2021-03-16 16:18 Section: Daily Dispatches4:15p ET Tuesday, March 16, 2021
Dear Friend of GATA and Gold:
Gold offtake at the New York Commodities Exchange, operated by CME Group, remains extraordinarily high, the TF Metals Report's Craig Hemke writes at Sprott Money today.
Everything Bloomberg News wants you to know about gold isn't much
Submitted by admin on Tue, 2021-03-16 11:22 Section: Daily Dispatches11:28a ET Tuesday, March 16, 2021
Dear Friend of GATA and Gold:
Bloomberg News today devotes much of its home page to an eight-minute video segment by its reporter Henry Baker that apparently was first posted several weeks ago and is ridiculously and arrogantly titled "Everything You Need to Know About Gold," as if such knowledge could be conveyed in eight minutes.
The segment might be more accurately titled "Everything Bloomberg News Wants You to Know About Gold -- and No More."
... Dispatch continues below ...
Futures market positioning is wildly bullish for monetary metals, Steer tells Howe Street
Submitted by admin on Tue, 2021-03-16 10:56 Section: Daily Dispatches10:52a ET Tuesday, March 16, 2021
Dear Friend of GATA and Gold:
Ed Steer, publisher of Ed Steer's Gold and Silver Digest (https://edsteergoldsilver.com) and a member of GATA's Board of Directors, tells Jim Goddard of HoweStreet.com that futures market positioning for the monetary metals is extremely bullish.
Steer credits the Reddit crowd's attempt to squeeze silver with alerting investors to the potential of gains in acquiring real metal rather than derivatives.
... Dispatch continues below ...
In pitch for new term, Poland's central bank chief seeks more gold in reserves
Submitted by admin on Mon, 2021-03-15 13:17 Section: Daily DispatchesBy Piotr Skolimowski
Bloomberg News
Monday, March 15, 2021
Poland's central bank wants to buy at least 100 tons of gold in the coming years to demonstrate the country's economic strength, Governor Adam Glapinski said.
Making a bid for a second term at the helm of the central bank, Glapinski today told government-friendly Sieci weekly that the amount of gold in reserves more than doubled to 229 tons under his watch. The new holdings will be stored in Poland, he said.
.... Dispatch continues below ....
Silver Bullion TV's Patrick Vierra interviews 'Rigged' author Stuart Englert
Submitted by admin on Sun, 2021-03-14 13:35 Section: Daily Dispatches1:34p ET Sunday, March 14, 2021
Dear Friend of GATA and Gold:
Silver Bullion TV's Patrick Vierra this week interviewed Stuart Englert, author of the primer on gold price manipulation, "Rigged." The interview is a half hour long and can be viewed at YouTube here:
https://www.youtube.com/watch?v=kKqHWd8DoOk
To purchase a copy of "Rigged" while supporting GATA, please see below.
Comex is being drained inconspicuously, Miles Franklin CEO Schectman says
Submitted by admin on Sun, 2021-03-14 13:25 Section: Daily Dispatches1:20p ET Sunday, March 14, 2021
Dear Friend of GATA and Gold:
Andy Schectman, CEO of coin and bullion dealer Miles Franklin, tells Liberty and Finance's Dunagun Kaiser that big buyers are trying to drain the New York Commodities Exchange of gold and silver as inconspicuously as possible.
The interview is 26 minutes long and can be viewed at YouTube here:
Gold is in backwardation, signifying strong demand, Turk tells KWN
Submitted by admin on Sun, 2021-03-14 13:14 Section: Daily Dispatches1:14p ET Sunday, March 14, 2021
Dear Friend of GATA and Gold:
GoldMoney founder and GATA consultant James Turk tells King World News that gold is again in backwardation, signifying strong physical demand, and that last week's attempts to push silver down more failed.
With the U.S. government's $1.9 trillion epidemic recovery program likely to be followed by an even larger infrastructure construction program, Turk says, the dollar is sure to decline.
... Dispatch continues below ...
ADVERTISEMENT
Maguire explains how Basel III will shrink market for 'paper' gold
Submitted by admin on Sun, 2021-03-14 12:51 Section: Daily Dispatches12:45p ET Sunday, March 14, 2021
Dear Friend of GATA and Gold:
In his weekly interview with Shane Moran for Kinesis Money, London metals trader Andrew Maguire explains how implementation of the "Basel III" banking standards, in pursuit of reducing counterparty risks for banks, will shrink the market for unallocated, "paper" gold and thereby push up gold's price.
... Dispatch continues below ...
ADVERTISEMENT
Bullion banks continue massive short covering in gold, Macleod tells KWN
Submitted by admin on Fri, 2021-03-12 23:10 Section: Daily Dispatches11:10p ET Friday, March 12, 2021
Dear Friend of GATA and Gold:
At King World News, GoldMoney founder Alasdair Macleod remarks about the continuing massive reduction of the short gold futures positions of the bullion banks and argues that rising interest rates don't threaten gold because they are still not high enough to defend government currencies.
Macleod's analysis is headlined "Bullion Banks Continue Massive Short Covering in the Gold Market" and it's posted at KWN here:
Jim Rickards: The real price of gold is not what you see on your screen
Submitted by admin on Fri, 2021-03-12 11:35 Section: Daily DispatchesBy James G. Rickards
The Daily Reckoning, Baltimore
Tuesday, March 2, 2021
What's the price of gold?
That seems like a ridiculously easy question to answer. I'm looking at a trading screen right now, and it displays a price of $1,733.80 per ounce.
That price may change a bit by the time you read this, but it would only take a fresh glance at the screen to get the new price. Case closed.
... Dispatch continues below ...
ADVERTISEMENT
Pages
