You are here

Daily Dispatches

Silver rally runs into roadblock as margins rise, warnings mount

Section: Daily Dispatches

From Bloomberg News
Monday, February 1, 2021

Silver futures opened lower after the CME Group announced that it was raising margins for Comex contracts following a rally to an eight-year high that was inspired by an army of retail investors.

Most-active prices declined as much as 2.4% in early Asian trading Tuesday.

Dave Kranzler: Can the big silver shorts be squeezed?

Section: Daily Dispatches

By Dave Kranzler
Investment Research Dynamics, Denver
Monday, February 1, 2021

Unfortunately, unless the physical market can be squeezed, at some point the bullion banks like JP Morgan and HSBC -- with help from the central banks and the Bank for International Settlements -- will be able to regain their grip on the pricing of gold and silver using derivatives, paper gold and silver.

USAGold's 'News & Views' letter for February

Section: Daily Dispatches

12:20p ET Monday, February 1, 2021

Dear Friend of GATA and Gold:

While silver is the sensation today, USAGold's "News & Views" letter for February reports that gold demand is strong as well and indeed both monetary metals were top performers among asset classes in 2020. The February "News & Views" is posted in the clear here:

https://www.usagold.com/nv1026february2021/

Broken money leads to broken markets, GoldMoney's Turk tells King World News

Section: Daily Dispatches

11:50a ET Monday, February 1, 2021

Dear Friend of GATA and Gold (and Silver):

In comments to King World News today, GoldMoney founder James Turk says the increasing wildness of financial markets arises from the practically infinite money being created by governments, which has broken and corrupted the financial system.

Bullion Star's Torgny Persson: Only buying real metal can defeat the price suppression scheme

Section: Daily Dispatches

Physical Silver Shortage vs. Paper Silver

By Torny Persson
Bullion Star, Singapore
Monday, February 1, 2021

David Fickling: Silver won't fall so easily to the memelords' assault

Section: Daily Dispatches

By David Fickling
Bloomberg News
Monday, February 1, 2021

If the guiding spirit of financial markets in 2021 is "you only live once," you ought to discount the odds of lightning striking in the same place twice.

India cuts import tax on gold; industry expects boost in demand, drop in smuggling

Section: Daily Dispatches

By Rajendra Jadhav
Reuters
Monday, February 1, 2021

MUMBAI -- India today slashed import duties on gold and silver in a surprise move that industry officials say could boost retail demand and curtail smuggling in the world's second-biggest bullion consumer.

Pages