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Daily Dispatches
Centerra Gold seeks arbitration over Kyrgyzstan gold mine
Submitted by admin on Mon, 2021-05-17 12:38 Section: Daily DispatchesBy Paolo Sorbello
The Diplomat, Washington, D.C.
Monday, May 17, 2021
A new law, rushed through the Kyrgyzstan parliament, could pose new threats to the business activity of the country's largest gold mine operator, the latest of an endless series of disputes around the country's most profitable enterprise. Now the company is seeking arbitration to resolve the ongoing dispute.
Proposed gold exchange in India wouldn't allow 'paper' gold
Submitted by admin on Mon, 2021-05-17 12:15 Section: Daily DispatchesSEBI Proposes Framework for Gold Exchange, Suggests Electronic Receipts
From the Press Trust of India
via Business Standard, New Delhi
Monday, May 17, 3021
India's markets regulator, the Securites and Exchange Board of India (SEBI), today proposed an elaborate framework for setting up a gold exchange wherein the yellow metal will be traded in the form of electronic gold receipts and will help in having a transparent domestic spot price discovery mechanism.
Central banks seek out riskier assets for reserves in yield drought -- and gold is on their list
Submitted by admin on Mon, 2021-05-17 12:02 Section: Daily DispatchesBy Tommy Stubbington
Financial Times, London
Monday, May 17, 2021
Central bankers who manage foreign currency reserves have been turning to new — and riskier — investments to compensate for the global collapse in bond yields ushered in by the pandemic, according to a new survey.
In world's top copper region, political risk rises
Submitted by admin on Mon, 2021-05-17 11:45 Section: Daily DispatchesBy Marco Aquino and Fabian Cambero
Reuters
Monday, May 17, 2021
In South America's copper-rich Andes political risk is rising as high poverty and debt levels amid the COVID-19 pandemic drive potentially sharp policy shifts and put mining wealth into the crosshairs of angry citizens and political leaders.
In No. 1 copper producer Chile, an overhaul of its market-orientated constitution is underway, and it is debating whether to hike royalties on miners.
... Dispatch continues below ...
Dave Kranzler: Inflation, deficits, and soaring metals have mining stocks ready to launch
Submitted by admin on Mon, 2021-05-17 11:00 Section: Daily DispatchesBy Dave Kranzler
Investment Research Dynamics, Denver
Monday, May 17, 2021
The precious metals market may be starting to figure out that price inflation caused by central bank money printing in the last year -- with the Federal Reserve leading the charge -- is going to become an uncontrollable problem.
It will become even worse once the stock market and the housing market no longer "absorb" most of the money that has been printed since March 2020.
... Dispatch continues below ...
As gold and silver join commodity boom, try The Calandra Report and help GATA
Submitted by admin on Mon, 2021-05-17 10:43 Section: Daily Dispatches10:41a ET Monday, May 17, 2021
Dear Friend of GATA and Gold:
With gold and silver showing strong signs of breaking out at last and the London Bullion Market Association appealing for central bank help to keep monetary metals prices down --
-- interest in gold and silver mining shares is rebounding.
... Dispatch continues below ...
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Reddit's Wall Street Silver gang interviews London metals trader Andrew Maguire
Submitted by admin on Sat, 2021-05-15 23:59 Section: Daily Dispatches11:59p ET Saturday, May 15, 2021
Dear Friend of GATA and Gold:
Reddit's Wall Street Silver gang today interviewed London metals trader Andrew Maguire about the likely impact on silver of the "Basel 3" banking regulations and the prospects for overthrowing the derivatives-based system of suppressing gold and silver prices.
Maguire credits the Wall Street Silver gang for substantially increasing silver demand and offtake and greatly weakening the derivatives system.
The interview is 37 minutes long and can be viewed at YouTube here:
Kitco lets fund manager Frank Holmes acknowledge gold rigging by central banks
Submitted by admin on Fri, 2021-05-14 15:48 Section: Daily Dispatches3:48p ET Friday, May 14, 2021
Dear Friend of GATA and Gold:
Kitco News today takes another baby step toward reality and relevance as its correspondent David Lin prompts fund manager Frank Holmes of U.S. Global Investors to explain gold's poor performance this year, despite the explosion of inflation, as a matter of central bank efforts to "stabilize" the monetary metal's price via manipulation of the futures markets.
As gold and silver join commodity boom, try The Calandra Report and help GATA
Submitted by admin on Fri, 2021-05-14 12:31 Section: Daily Dispatches12:33p ET Friday, May 14, 2021
Dear Friend of GATA and Gold:
With gold and silver showing strong signs of breaking out at last and the London Bullion Market Association appealing for central bank help to keep monetary metals prices down --
-- interest in gold and silver mining shares is rebounding.
... Dispatch continues below ...
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Robert Lambourne: BIS' gold swaps fell in March and April but remain high
Submitted by admin on Fri, 2021-05-14 12:00 Section: Daily DispatchesBy Robert Lambourne
Friday, May 14, 2021
The recently reported March and April statements of account of the Bank for International Settlements disclose a decline in gold swaps from the record high estimated at 552 tonnes as at February 26, 2021.
The latest estimates are 487 tonnes as at March 31 and 472 tonnes as of April 30.
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