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Daily Dispatches
Silver rally stops TD Securities out of tactical short
Submitted by admin on Sat, 2022-12-03 19:23 Section: Daily DispatchesBy Neils Christensen
Kitco News, Montreal
Friday, December 2, 2022
After a dismal summer, the silver market appears to be making up for last ground as prices end the week at their highest level since June.
March silver futures have rallied more than 9% this past week, last trading at $23.40 an ounce. Silver is seeing its best weekly performance since August 2020. The week also caps silver's 22% gain since November.
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How a corrupt Dominican senator is blocking a Canadian company's gold mine
Submitted by admin on Sat, 2022-12-03 11:15 Section: Daily DispatchesBy Tom Blackwell
National Post, Toronto
Wednesday, November 30, 2022
The Canadian mining company Goldquest had just enough money left in 2012 to sink two more boreholes in the southwestern hills of the Dominican Republic. If they turned up nothing, exhaustive exploration efforts would be for naught, similar to the vast majority of such searches worldwide.
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LBMA creates Russian bullion bars database for customs authority use
Submitted by admin on Sat, 2022-12-03 11:03 Section: Daily DispatchesBy Peter Hobson
Reuters
Friday, December 2, 2022
LONDON -- The London Bullion Market Association is creating a database of Russian gold bars held by banks in London to help prevent sanctions evasion by Russian companies or the Russian central bank, the industry group said.
Banks and the LBMA are reluctant to say how much Russian gold is held in vaults.
But disclosures by gold-owning investment funds show that hundreds of tonnes accumulated in London, Zurich, and New York before Russia invaded Ukraine in February.
JPMorgan market strategist to join New York Fed
Submitted by admin on Fri, 2022-12-02 10:44 Section: Daily DispatchesHe'll surely do his best to assure that the New York Fed operates in the public interest.
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JPMorgan's Josh Younger Is Heading to the New York Fed
By Tracy Alloway and Jonnelle Marte
Bloomberg News
Friday, December 2, 2022
Josh Younger, head of asset liability management research and strategy at JPMorgan Chase & Co., is leaving the bank to join the New York Fed.
Ted Butler: Nearly everyone is starting to realize that gold and silver are rigged
Submitted by admin on Thu, 2022-12-01 20:44 Section: Daily DispatchesBy Ted Butler
SilverSeek.com
Thursday, December 1, 2022
It's remarkable to me how close we appear to be getting to near-universal recognition that silver and gold (along with a host of other commodities) are priced based upon the activities of a relative handful of large paper traders on the Comex (and other exchanges) and not on the workings of the world of actual supply and demand.
Alasdair Macleod: Winter for central Europe -- and the dollar
Submitted by admin on Thu, 2022-12-01 13:36 Section: Daily DispatchesBy Alasdair Macleod
GoldMoney, Toronto
Thursday, December 1, 2022
In this article I examine the current state of the fight for hegemonic control between America on the one side, and Russia and China on the other. It is being fought on two fronts.
Ukraine, the one in plain sight, is about to endure a winter without power and adequate food, potentially leading to a humanitarian crisis.
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Surge in nickel prices threatened to blow $2.6 billion hole in key LME entity
Submitted by admin on Thu, 2022-12-01 11:33 Section: Daily DispatchesBy Harry Dempsey and Philip Stafford
Financial Times, London
Thursday, December 1, 2022
A surge in nickel prices in March threatened to topple a London Metal Exchange entity designed to keep troubles in a single market from infecting the financial system, according to the fullest accounting to date of a crisis that has shaken confidence the 145-year-old venue.
Pam and Russ Martens: Credit default swaps explode on Credit Suisse as its stock price hits record low
Submitted by admin on Thu, 2022-12-01 10:22 Section: Daily DispatchesBy Pam and Russ Martens
Wall Street on Parade
Thursday, December 1, 2022
That $4 billion capital raise that was supposed to shore up confidence in global banking behemoth Credit Suisse turns out to have been too little, too late. Yesterday, five-year credit default swaps (CDS) on Credit Suisse blew out to 446 basis points. That's up from 55 basis points in January and more than five times where CDS on its peer Swiss bank, UBS, are trading.
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Gold market riggers call for reinforcements
Submitted by admin on Thu, 2022-12-01 09:31 Section: Daily DispatchesJPMorgan Joins HSBC as Vault Custodian for Top Gold ETF
By Eddie Spence
Bloomberg News
Thursday, December 1, 2022
JPMorgan Chase & Co. will store gold held by the world’s biggest exchange-traded fund in its vaults, a major coup for the bank’s bullion business.
The lender will now act as an additional custodian for the SPDR Gold Trust, according to a statement from the World Gold Council, which launched the fund. Previously HSBC Holdings Plc had sole responsibility for holding the bullion.
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Ronan Manly: LBMA is a fractional-reserve banking fraud like FTX
Submitted by admin on Wed, 2022-11-30 12:58 Section: Daily Dispatches12:57p ET Wednesday, November 30, 2022
Dear Friend of GATA and Gold:
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