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Daily Dispatches

CPM Group's Christian touts central bank gold data even though it's often false

Section: Daily Dispatches

4:56p ET Monday, November 4, 2024

Dear Friend of GATA and Gold:

In his review of the gold market today, metals consultancy CPM Group's Managing Partner Jeffrey Christian suggests that central banks always tell the International Monetary Fund the truth about their gold reserves and the IMF always tells the truth to the World Gold Council and the public.

Ed Steer: Gold manipulation -- the 'London bias,' 1970-2024

Section: Daily Dispatches

10:10a ET Monday, November 4, 2024

Dear Friend of GATA and Gold:

GATA board member Ed Steer, publisher of Ed Steer's Gold and Silver Digest, today updates some gold market charting he first did nine years ago and confirms that gold price manipulation has been following the same pattern since then. 

That is, the gold price is almost always held down in Western trading and almost always allowed to rise in Asian trading.

... Dispatch continues below ...

Thom Calandra: Hypothecated gold -- a paper chase

Section: Daily Dispatches

9:41p ET Sunday, November 3, 2024

Dear Friend of GATA and Gold:

Financial letter writer Thom Calandra of The Calandra Report tonight recommends last week's essay by Cyrille Jubert, posted at GoldBroker.com, to which GATA alerted you on Friday, "A Massive Short Squeeze on Gold?" --

https://goldbroker.com/news/massive-short-squeeze-gold-3440

Grant Williams' documentary examining gold price manipulation is posted at YouTube

Section: Daily Dispatches

9:13p ET Sunday, November 3, 2024

Dear Friend of GATA and Gold:

An hour-long documentary program produced in 2018 by financial letter writer Grant Williams for his Real Vision internet site concentrates on gold price manipulation and was posted Friday in the clear at YouTube.

Gold revaluation is a process already underway, not a future event, Maguire says

Section: Daily Dispatches

11:59p Saturday, November 2, 2024

Dear Friend of GATA and Gold:

Gold revaluation is a process that is already underway, not some event to happen in the future, London metals trader Andrew Maguire tells this week's edition of Kinesis Money's "Live from the Vault" program. Quite apart from anything discussed at their recent conference in Kazan, Russia, the BRICs nations, Maguire says, already have adequate mechanisms for trading without the U.S. dollar and for sanctions-proofing themselves, and those mechanisms involve gold.

Robert Lambourne: BIS gold swaps fell from 157 tonnes in August to 112 in September

Section: Daily Dispatches

By Robert Lambourne
Saturday, November 2, 2024

The September statement of account for the Bank for International Settlements was published this week -- 

https://www.bis.org/banking/balsheet/statofacc240930.pdf

--  and it indicates that the volume of gold swaps undertaken by the BIS fell from 157 tonnes at month-end in August to 112 tonnes at month-end in September, a decline of 45 tonnes or almost 29%.

Cyrille Jubert: A massive short squeeze on gold?

Section: Daily Dispatches

By Cyrille Jubert
GoldBroker, London
Monday, October 28, 2024

For those uninitiated in finance, a "short squeeze" refers to a situation where an individual or legal entity sells an asset in the future without owning it first, in the hope of buying it back later at a lower price in order to make a profit. 

Gold surge adds glitter to tarnished miners

Section: Daily Dispatches

By Edward Chancellor
Reuters
Thursday, October 31, 2024

LONDON -- "All roads lead to inflation," Paul Tudor Jones recently told CNBC. The veteran hedge fund manager believes government debt is on an unsustainable path and is therefore buying bitcoin, gold and other commodities. 

VP candidate Vance says he agrees with Ron Paul on curtailing Fed's power

Section: Daily Dispatches

From EconoTimes, Seoul, South Korea
Sunday, October 27, 2024

U.S. Sen. J.D. Vance has publicly aligned himself with former U.S. Rep.'s staunch critique of the Federal Reserve, signaling a significant ideological turn within the Republican Party. 

At Sprott Money, GATA secretary reviews the month for gold and silver

Section: Daily Dispatches

3:53p ET Wednesday, October 30, 2024

Dear Friend of GATA and Gold:

Your secretary/treasurer was interviewed yesterday by Craig Hemke for Sprott Money's monthly review for October, discussing gold buying by central banks, the gradual shift away from the U.S. dollar by the BRICs nations and others, and what he sees as the inevitable devaluation of major currencies and the corresponding increase in monetary metals prices.

The interview is 22 minutes long and can be found at Sprott Money here:

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