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Daily Dispatches
USAGold's July 'News & Views' letter is available
Submitted by admin on Sat, 2023-07-01 12:39 Section: Daily Dispatches12:35p ET Saturday, July 1, 2023
Dear Friend of GATA and Gold:
USA Gold's "News & Views" letter for July, posted today, offers its top 10 gold-related commentaries for the last month and they may encourage fans of the monetary metals. The July edition can be found here:
https://mailchi.mp/70474d8eaec9/top-ten-articles-for-june-news-views-subscription
Gold revaluation is imminent even as Fed fights it, Maguire tells LFTV
Submitted by admin on Fri, 2023-06-30 22:31 Section: Daily Dispatches10:30p Friday, June 30, 2023
Dear Friend of GATA and Gold:
Gold revaluation is imminent, London metals trader Andrew Maguire tells Kinesis Money's "Live from the Vault" program with Shane Morand this week, with the U.S. Federal Reserve continuing to short the monetary metal in the paper market while central banks around the world are steadily buying physical gold to strengthen their currencies. But, Maguire adds, it is silver that is the most undervalued asset.
The program is 33 minutes long and can be viewed at YouTube here:
Kinross rejected takeover bid from Endeavor, sources tell Bloomberg
Submitted by admin on Fri, 2023-06-30 19:58 Section: Daily DispatchesBy Dinesh Nair, Jacob Lorinc, and Jack Farchy
Bloomberg News
via Yahoo News, Sunnyvale, California
Friday, June 30, 2023
In recent months Endeavour Mining made a takeover approach to rival Kinross Gold Corp. that was rebuffed by the Canadian company, according to people familiar with the matter.
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Venezuelan central bank keeps losing lawsuit to recover gold reserves
Submitted by admin on Fri, 2023-06-30 19:34 Section: Daily DispatchesBy Marc Jones and Mayela Armas
Reuters
Friday, June 30, 2023
LONDON -- The Venezuelan Central Bank board controlled by the government of President Nicolas Maduro on Friday lost its latest appeal over $1.95 billion of the country's gold reserves held in the Bank of England's underground vaults.
The Venezuelan central bank was challenging a previous ruling that certain decisions of Venezuela's top court should not be recognised by English courts in the gold case.
Shadow reserves -- how China hides trillions of dollars of hard currency (and maybe gold too?)
Submitted by admin on Fri, 2023-06-30 12:30 Section: Daily DispatchesThere is no mention of gold in this report but at least it may strengthen suspicions that the Chinese government has much more gold than it has been reporting to the International Monetary Fund. It's also a reminder that government financial and economic data everywhere is easily falsified, just as the secret March 1999 report of the executive staff of the IMF confirmed that official gold reserve data is misleading because the agency allows member central banks to include leased gold with unencumbered gold:
Moscow Exchange launches quarterly gold futures, plans perpetual futures soon
Submitted by admin on Fri, 2023-06-30 00:05 Section: Daily DispatchesMoscow Exchange to Launch Perpetual Gold Futures in July
From Interfax, Moscow
Thursday, June 29, 2023
https://interfax.com/newsroom/top-stories/91995/
MOSCOW -- The Moscow Exchange plans to start trading in perpetual gold futures in the near future, Maria Patrikeyeva, head of the exchange's derivatives market, said.
Alasdair Macleod: Geopolitical evolution
Submitted by admin on Thu, 2023-06-29 10:38 Section: Daily DispatchesBy Alasdair Macleod
GoldMoney, Toronto
Thursday, June 29, 2023
The increasing number of nations seeking to join the BRICS brings geopolitics into the spotlight. At the time of this writing, existing members, those who have applied to join, and those expressing an interest total 36 nations, with over 60% of the world's population and a third of global GDP.
In talk with Wall Street for Main Street, GATA secretary reviews GATA's work
Submitted by admin on Wed, 2023-06-28 20:20 Section: Daily Dispatches8:20p ET Wednesday, June 28, 2023
Dear Friend of GATA and Gold:
Interviewed today by Jason Burack of Wall Street for Main Street, your secretary/treasurer reviewed GATA's documentation of central bank intervention and particularly U.S. government intervention in the monetary metals markets, the likelihood that all major governments are aware of it, the refusal of mainstream financial news organizations to report about it, and why most monetary metals mining companies are too scared to acknowledge and protest it.
Maguire, Hemke discuss banking, gold issues on 'Live from the Vault'
Submitted by admin on Sun, 2023-06-25 11:46 Section: Daily Dispatches11:45a Sunday, June 25, 2023
Dear Friend of GATA and Gold:
On this week's Kinesis Money "Live from the Vault" program, London metals trader Andrew Maguire and TF Metals Report publisher Craig Hemke discuss, among other things, the growing stresses on the U.S. banking system, including those from the failure of commercial real estate; the desire of central banks to issue digital currencies; and the conflict between physical and "paper" gold.
The program is 58 minutes long and can be viewed at YouTube here:
Empty office buildings are the world's debt time bomb
Submitted by admin on Fri, 2023-06-23 11:19 Section: Daily DispatchesBy Natalie Wong, John Gittelsohn, Jack Sidders, and Shawna Kwan
Bloomberg News
Friday, June 23, 2023
In New York and London, owners of gleaming office towers are walking away from their debt rather than pouring good money after bad.
The landlords of downtown San Francisco's largest mall have abandoned it. A new Hong Kong skyscraper is only a quarter leased.
The creeping rot inside commercial real estate is like a dark seam running through the global economy.
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