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Daily Dispatches
Bullion Star's Torgny Persson: Only buying real metal can defeat the price suppression scheme
Submitted by cpowell on Mon, 2021-02-01 11:20 Section: Daily DispatchesPhysical 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
Submitted by cpowell on Mon, 2021-02-01 10:48 Section: Daily DispatchesBy 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
Submitted by cpowell on Mon, 2021-02-01 10:28 Section: Daily DispatchesBy 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.
Buying into 'poor man's gold,' Chinese investors jump on silver
Submitted by cpowell on Mon, 2021-02-01 10:22 Section: Daily DispatchesBy Emily Chow
Reuters
Monday, February 1, 2021
SHANGHAI -- Chinese investors rushed into silver investments today, pushing up Shanghai silver prices while boosting performances of related stocks and funds, matching calls by global retail investors to boost prices of the precious metal.
Vancouver-based miner says China is trying to steal Xinjiang gold mine
Submitted by cpowell on Sun, 2021-01-31 21:45 Section: Daily DispatchesBy Robert Fife
The Globe and Mail, Toronto
Sunday, January 31, 2021
A Vancouver-based gold mining company denies it used forced labor in its open-pit mine in China's Xinjiang region and is accusing the Chinese government of attempting to confiscate the operation worth an estimated US$1 billion.
Ted Butler: No good reason to be short silver
Submitted by cpowell on Sun, 2021-01-31 21:27 Section: Daily DispatchesSo there must be a bad reason.
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9:30p ET Sunday, January 21, 2021
Dear Friend of GATA and Gold:
Silver market analyst Ted Butler writes tonight that the major silver futures shorts just keep shorting and then borrowing metal from the exchange-traded fund SLV and leasing it, essentially piling short upon short.
Silver coin sites grind to a halt as Reddit horde takes aim
Submitted by cpowell on Sun, 2021-01-31 20:19 Section: Daily DispatchesBy Yvonne Yue Li
Bloomberg News
Sunday, January 31, 2021
Retail sites were overwhelmed with demand for silver bars and coins today, suggesting the Reddit-inspired frenzy that roiled commodities markets last week is spilling over into physical assets.
Gold centerpiece of Henry VIII's lost crown recovered by treasure hunter under a tree
Submitted by cpowell on Sun, 2021-01-31 09:39 Section: Daily DispatchesBy Paul Sims
The Sun, London
Friday, January 29, 2021
The centrepiece of Henry VIII's lost crown has been found under a tree by an amateur treasure hunter.
Kevin Duckett ended a 400-year-old mystery when he dug up the solid gold figurine in a Northamptonshire field.
India proposes law to ban cryptocurrencies, create official digital currency
Submitted by cpowell on Sat, 2021-01-30 09:32 Section: Daily DispatchesBy Rajendra Jadhav
Reuters
Saturday, January 30, 2021
MUMBAI -- India plans to introduce a law to ban private cryptocurrencies such as bitcoin and put in place a framework for an official digital currency to be issued by the central bank, according to a legislative agenda listed by the government.
Alasdair Macleod: Gold price framework update -- the new cycle accelerates
Submitted by cpowell on Fri, 2021-01-29 18:35 Section: Daily DispatchesBy Alasdair Macleod
GoldMoney, St. Helier, Jersey, Channel Islands
Thursday, January 28, 2021
Gold prices rallied 25% in 2020 after having gained 19% the year before. We believe this marks still only the beginning of the current gold price cycle, as all main drivers for gold prices are strongly skewed to the upside.
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