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Daily Dispatches
As gold and silver join commodity boom, try The Calandra Report and help GATA
Submitted by admin on Mon, 2021-05-10 18:36 Section: Daily Dispatches6:35p ET Monday, May 10, 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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Hugo Salinas Price: Gold and silver will mark the end of the present dark age
Submitted by admin on Mon, 2021-05-10 18:23 Section: Daily DispatchesBy Hugo Salinas Price, President
Mexican Civic Association for Silver
Monday, May 10, 2021
Central banks -- Russia's and China's both perhaps excepted -- are all members of an international club of central banks. This blub is run according to the rules dictated by the Bank for International Settlements in Basel, Switzerland.
Why did the World Gold Council join LBMA in protesting higher gold prices?
Submitted by admin on Mon, 2021-05-10 13:03 Section: Daily DispatchesAnd what is the Bank for International Settlements' real game with gold?
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1:12p ET Monday, May 10, 2021
Dear Friend of GATA and Gold:
Surely many issues remain to be addressed arising from last week's panicked protest to the Bank of England by the London Bullion Market Association and World Gold Council about the impending "Basel 3" regulations emanating from the Bank for International Settlements:
Here perhaps are a few of them.
Whatever happened to the ‘ton of gold’ ship that started the Klondike Gold Rush?
Submitted by admin on Mon, 2021-05-10 00:26 Section: Daily DispatchesBy David Reamer
Anchorage (Alaska) Daily News
Sunday, May 9, 2021
A cheering throng of thousands met the SS Portland as it pulled up to Seattle’s Schwabacher Dock on July 17, 1897. The spectators chanted, over and over, to see the gold.
The perhaps slightly bewildered but good-humored miners on board the steamer waved in return.
Today, a plaque at the Seattle Waterfront Park notes the location of the festivities.
... Dispatch continues below ...
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As gold and silver join commodity boom, try The Calandra Report and help GATA
Submitted by admin on Sun, 2021-05-09 11:19 Section: Daily Dispatches11:13a ET Sunday, May 9, 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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Ambrose Evans-Pritchard: U.S. inflation fears mount as the Fed 'monetizes' Biden's deficits
Submitted by admin on Sat, 2021-05-08 20:44 Section: Daily DispatchesBy Ambrose Evans-Pritchard
The Telegraph, London
Friday, May 7, 2021
The U.S. Federal Reserve and Treasury are repeating one of the most disturbing episodes of the 1940s and risk stoking a destructive inflationary boom, a leading monetary watchdog has warned.
The Center for Financial Stability (CFS) in New York says U.S. money supply data is flashing a red alert and that excess reserves in the banking sector threaten to set off an "explosion of lending" as the recovery accelerates.
... Dispatch continues below ...
Basel 3 rules will wreck gold price suppression, LBMA warns Bank of England
Submitted by admin on Sat, 2021-05-08 12:19 Section: Daily Dispatches12:29p ET Saturday, May 8, 2021
Dear Friend of GATA and Gold:
Pending "Basel III" regulations emanating from the Bank for International Settlements could destroy the clearing and settlement system for “unallocated” -- that is, “paper” or imaginary -- gold and silver, the London Bullion Market Association and the World Gold Council warned the Bank of England this week.
The bigger question behind 'regulatory capture' at the CFTC
Submitted by admin on Fri, 2021-05-07 12:57 Section: Daily Dispatches1:05p ET Friday, May 7, 2021
Dear Friend of GATA and Gold:
Chris Marcus of Arcadia Economics notes on YouTube this week that the U.S. Commodity Futures Trading Commission has named a Goldman Sachs commodity trading official, Alicia Crighton, as co-chair of a committee advising the commission about the commodity markets:
Alasdair Macleod: Rising bond yields threaten financial markets
Submitted by admin on Thu, 2021-05-06 13:17 Section: Daily DispatchesBy Alasdair Macleod
GoldMoney, St. Hellier, Jersey, Channel Islands
Thursday, May 6, 2021
There is a growing recognition in financial circles that price inflation will increase significantly in the near future, and official estimates that it will be a temporary phenomenon limited to an average of 2% are overly optimistic. There is, therefore, increasing speculation about the need for interest rates to rise.
... Dispatch continues below ...
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Little notice for Indian central bank's recent steady accumulation of gold
Submitted by admin on Thu, 2021-05-06 12:07 Section: Daily DispatchesShould India Pile Its Reserves with Gold?
By Lokeshwarri SK
The Hindu, Chennai, India
Thursday, May 6, 2021
The Reserve Bank of India's transactions in gold have always attracted much attention. The pledging of gold with the Bank of England in 1991 to meet the balance of payment crisis is still considered a nadir for the Indian economy. There was also much patriotic cheer when 200 tonnes of gold were purchased from the International Monetary Fund in 2009.
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