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Daily Dispatches

Asian gold demand rebounding as Swiss exports surge

Section: Daily Dispatches

From Reuters
Thursday, March 18, 2021

LONDON, March 18 (Reuters) - Switzerland in February sent gold to mainland China for the first time since September and shipments to India and Thailand rose to multi-year highs, suggesting that demand for bullion in Asia is recovering from the coronavirus shock.

Switzerland is the world's biggest gold refining centre and transit hub, while India and China are the two biggest gold consumers and Thailand is a regional trade hub.

Jay Taylor interviews GATA secretary on gold suppression policy, documentation

Section: Daily Dispatches

1:15p ET Wednesday, March 17, 2021

Dear Friend of GATA and Gold:

Your secretary/treasurer was interviewed yesterday by financial letter writer Jay Taylor (https://www.miningstocks.com/), discussing the mechanisms and documentation of government gold price suppression policies and the refusal of mainstream financial news organizations to report about the issue.

The interview is 20 minutes long and can be heard at YouTube here:

Pam and Russ Martens: Janet Yellen's Plunge Protection Team has $142 billion to play with

Section: Daily Dispatches

By Pam and Russ Martens
Wall Street on Parade
Wednesday, March 17, 2021

Most Americans are unaware of the existence of the Exchange Stabilization Fund (ESF). Together with the Federal Reserve Bank of New York (New York Fed) it has morphed into the U.S. Treasury Secretary’s Plunge Protection Team.

Craig Hemke at Sprott Money: Comex gold offtake remains extraordinarily high

Section: Daily Dispatches

4:15p 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

Section: Daily Dispatches

11:28a 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."

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Futures market positioning is wildly bullish for monetary metals, Steer tells Howe Street

Section: Daily Dispatches

10:52a 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.

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In pitch for new term, Poland's central bank chief seeks more gold in reserves

Section: Daily Dispatches

By 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.

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Silver Bullion TV's Patrick Vierra interviews 'Rigged' author Stuart Englert

Section: Daily Dispatches

1:34p 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

Section: Daily Dispatches

1:20p 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:

https://www.youtube.com/watch?v=x2tEjhr6mdc

Gold is in backwardation, signifying strong demand, Turk tells KWN

Section: Daily Dispatches

1:14p 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.

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