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Daily Dispatches
India's government keeps getting more favorable toward gold as money
Submitted by admin on Thu, 2022-12-15 17:36 Section: Daily DispatchesIndia to Invite Bids for Extracting Gold from Dumps at Colonial-Era Mines
By Neha Arora and Mayank Bhardwaj
Reuters
Thursday, December 15, 2022
NEW DELHI -- India plans to invite bids to extract gold from 50 million tonnes of processed ore in a cluster of colonial-era mines in the southern state of Karnataka, a senior government official with direct knowledge of the matter said today.
The Kolar fields, located about 65 kilometres (40 miles) northeast of India's technology hub of Bengaluru, are among the country's oldest gold mines.
Alasdair Macleod: Rising rates lead to financial accidents
Submitted by admin on Thu, 2022-12-15 11:53 Section: Daily DispatchesBy Alasdair Macleod
GoldMoney, Toronto
Thursday, December 15, 2022
A recent Bank for International Settlements paper warning of unappreciated risks in foreign exchange markets echoes my earlier warning in an article for Goldmoney published over a month ago describing derivative risks in FX markets.
Inflation, uncertainty fuel new gold rush at ancient Austrian Mint
Submitted by admin on Wed, 2022-12-14 19:33 Section: Daily DispatchesBy Francois Murphy
Reuters
Wednesday, December 14, 2022
VIENNA, Austria -- The Austrian Mint, one of the world's oldest and biggest producers of gold bullion coins, is unable to keep up with demand as people rush to find a safe haven for their money amid surging inflation and economic fears caused by war in Ukraine.
Craig Hemke at Sprott Money: Same song, third verse
Submitted by admin on Wed, 2022-12-14 11:38 Section: Daily Dispatches11:35a ET Wednesday, December 14, 2022
Dear Friend of GATA and Gold:
Craig Hemke of the TF Metals Report, writing today at Sprott Money, begins to outline his gold forecast for the new year, and he thinks gold's performance will be like its performance in 2019 and 2010 -- something gold owners probably won't complain about. Hemke's analysis is headlined "Some Song, Third Verse" and it's posted at Sprott Money here:
GoldSeek Radio's Waltzek interviews GATA Chairman Murphy as metals rise
Submitted by admin on Tue, 2022-12-13 11:28 Section: Daily Dispatches11:25a ET Tuesday, December 13, 2022
Dear Friend of GATA and Gold:
GoldSeek Radio's Chris Waltzek today interviews GATA Chairman Bill Murphy, who explains why he sees the monetary metals sector turning upward and cryptocurrency investors gaining interest in the metals. The interview is 11 minutes long and can be heard at GoldSeek's companion site, SilverSeek, here:
https://silverseek.com/article/goldseek-radio-nugget-bill-murphy-and-away-gold-and-silver
Kranzler and Lundin see gold breaking its chains
Submitted by admin on Mon, 2022-12-12 17:41 Section: Daily Dispatches5:40p ET Monday, December 12, 2022
Dear Friend of GATA and Gold:
While today has not been a great day for gold, Dave Kranzler of Investment Research Dynamics in Denver and Brien Lundin, editor of Gold Newsletter and the Golden Opportunities letters, see the monetary metal starting to rise as other assets fall.
Kranzler's analysis is headlined "The Precious Metals Sector May Have Started a Sustainable Bull Cycle" and it's posted here:
Crypto investors withdraw record amounts from exchanges
Submitted by admin on Sun, 2022-12-11 09:42 Section: Daily DispatchesBy Nikou Asgari
Financial Times, London
Sunday, December 11, 2022
Investors are pulling record levels of bitcoin from crypto exchanges as the collapse of Sam Bankman-Fried's FTX stirs fears over the safety of their assets.
FTX, once the darling of the crypto industry, filed for bankruptcy protection in mid-November after an $8 billion hole emerged in its balance sheet.
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Gold-buying mania in Egypt as national currency loses value
Submitted by admin on Sat, 2022-12-10 12:20 Section: Daily DispatchesFrom Middle East Eye, London
Saturday, December 10, 2022
Egyptians are hoarding as much gold as they can, trying to protect their savings, as their national currency continues to lose value against foreign currencies.
The stampede for gold has raised its price in the local market sharply, enticing specialists to warn against what might turn into a gold price bubble.
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China boosts yuan in energy markets as Xi ends Saudi visit
Submitted by admin on Sat, 2022-12-10 08:00 Section: Daily DispatchesBy Teddy Ng
South China Morning Post, Hong Kong
Saturday, December 10, 2022
China pledged to step up development aid and ramped up its efforts to promote the use of the Chinese yuan in energy markets as Chinese President Xi Jinping wrapped up his trip to Saudi Arabia.
Beijing also offered to train 1,500 police and cybersecurity officials as part of its efforts to expand security cooperation and to increase the Gulf states' participation in Chinese space projects.
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Deutsche Bank seeks to rejoin key gold trading club in London
Submitted by admin on Fri, 2022-12-09 21:26 Section: Daily DispatchesBy Eddie Spence and Steven Arons
Bloomberg News
Friday, December 9, 2022
Deutsche Bank has applied to rejoin the London Bullion Market Association -- the world's foremost standard setter for gold trading -- as the German lender seeks to expand its trading unit.
The LBMA application "brings us into line with other banks that offer precious metal services," Deutsche Bank said in a statement today. "It reflects the careful growth of our precious metals business in recent years, and growing client demand for our services."
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