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Daily Dispatches
Brien Lundin: The new, old safe haven
Submitted by admin on Wed, 2022-11-09 23:26 Section: Daily DispatchesBy Brien Lundin
Gold Newsletter / Golden Opportunities
Metairie, Louisiana
Wednesday, November 9, 2022
It’s been an interesting ride for investors over the past week — and an exhilarating one for gold and silver investors.
First we had the Fed meeting last week, with Fed Chairman Jerome Powell essentially doubling down on his commitment to continue tightening in the fight to rein in inflation with little regard for the consequences.
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Silver Bullion TV interviews GATA secretary about gold's prospects
Submitted by admin on Wed, 2022-11-09 23:04 Section: Daily Dispatches11:08p ET Wednesday, November 9, 2022
Dear Friend of GATA and Gold:
Your secretary/treasurer, interviewed this week by Patrick Vierra for Silver Bullion TV in Singapore, discussed indications that the trade in "paper gold" is being wound down even as the U.S. government seems to have succeeded in persuading financial markets that gold is no longer a good hedge against currency debasement. Foremost among those indications is the sharp decline this year in gold swaps undertaken by the Bank for International Settlements, the gold broker for major central banks.
600-year-old gold coin discovered in Newfoundland could be oldest discovered in Canada
Submitted by admin on Wed, 2022-11-09 22:22 Section: Daily DispatchesFrom the Canadian Press
via CTV Television, Toronto
Wednesday, November 9, 2022
ST. JOHN'S, Newfoundland -- A history enthusiast in Newfoundland has discovered what may be the oldest known English coin ever found in Canada.
Provincial archeologist Jamie Brake said today he knew he was looking at something very special when Edward Hynes sent him photos of a gold coin he'd found this past summer. The coin has since been determined to be about 600 years old, which predates the first documented European contact with North America since the Vikings.
Jan Nieuwenhuijs: Is gold at a turning point?
Submitted by admin on Wed, 2022-11-09 22:01 Section: Daily DispatchesBy Jan Nieuwenhuijs
Gainesville Coins, Lutz, Florida
Wednesday, November 9, 2022
Gold is in a transition phase. In the past nine months two key developments -- war and inflation -- have made gold trade much stronger than how it was priced from 2006 through 2021.
Both developments are likely to stick around in the coming years and will prove a tailwind for gold. Moreover, the current monetary environment is adding support to the gold market as governments and central banks risk insolvency.
Yamana ditches Gold Fields, agrees to offer from Agnico and Pan American
Submitted by admin on Tue, 2022-11-08 18:20 Section: Daily DispatchesFrom Reuters
Tuesday, November 8, 2022
Yamana Gold Inc. said today it had agreed to be acquired by Agnico Eagle Mines Ltd. and Pan American Silver Corp., ending a deal with South Africa's Gold Fields.
The Agnico-Pan American cash-and-stock offer, made last week, values the Canadian miner at about $4.8 billion.
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GATA Chairman Murphy joins many GATA favorites at Silver Fest III Nov. 12
Submitted by admin on Mon, 2022-11-07 20:19 Section: Daily Dispatches8:10p ET Monday, November 7, 2022
Dear Friend of GATA and Gold:
GATA Chairman Bill Murphy and many monetary metals expert friends of GATA will speak this Saturday, November 12, at the Silver Fest III internet conference sponsored by Chris Marcus of Arcadia Economics.
Attendance will be free with simple registration.
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Ed Steer's Gold and Silver Digest weekend edition posted at SilverSeek
Submitted by admin on Mon, 2022-11-07 19:22 Section: Daily Dispatches7:18p ET Monday, November 6, 2022
Dear Friend of GATA and Gold:
The weekend edition of GATA board member Ed Steer's Gold and Silver Digest letter, headlined "Gold and Silver Explode Higher in New York," is posted in the clear tonight at GoldSeek's companion site, SilverSeek, here:
https://silverseek.com/article/gold-silver-explode-higher-new-york
Ambrose Evans-Pritchard: Gold may get its revenge on fiat paper
Submitted by admin on Mon, 2022-11-07 09:37 Section: Daily DispatchesWe may thank Jan Nieuwenhuijs -- https://gata.org/node/22267 -- for helping gold revaluation break into the mainstream financial news commentary below.
* * *
The West's Beancounters Are Guilty of a Great White Lie
By Ambrose Evans-Pritchard
The Telegraph, London
Monday, November 7, 2022
Gold Fields will not make counter-bid for Yamana Gold
Submitted by admin on Mon, 2022-11-07 09:20 Section: Daily DispatchesBy Helen Reid
Reuters
Monday, November 7, 2022
JOHANNESBURG -- The board of South Africa's Gold Fields will not change its offer for Yamana Gold after a surprise rival bid from Agnico Eagle and Pan American, it said on today.
Gold Fields' decision reflects "commitment to capital discipline" and to fairness for shareholders in Gold Fields and Yamana, the South Africa-listed miner said today.
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Craig Hemke at Sprott Money: Watch the Comex silver vaults
Submitted by admin on Sun, 2022-11-06 19:06 Section: Daily Dispatches7:06p ET Sunday, November 6, 2022
Dear Friend of GATA and Gold:
Declining silver vault inventories, the TF Metals Report's Craig Hemke writes this week at Sprott Money, could actually mean something for the price of the metal this time.
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