You are here
Daily Dispatches
Robert Lambourne: BIS gold swaps keep falling sharply, down 60% in six months
Submitted by admin on Wed, 2022-07-20 12:08 Section: Daily DispatchesBy Robert Lambourne
Wednesday, July 20, 2022
Gold swaps undertaken by the Bank for International Settlements, the major gold broker for central banks, fell substantially again in June, this time by 68 tonnes, bringing the bank's total swaps down to 202 tonnes from the 501 tonnes on the bank's books in January, a decline of nearly 60% in six months.
The bank's June statement of account is posted here:
Financial letter editor Jay Taylor interviews GATA secretary
Submitted by admin on Wed, 2022-07-20 11:26 Section: Daily Dispatches11:27a ET Wednesday, July 20, 2022
Dear Friend of GATA and Gold:
Your secretary/treasurer discussed GATA's work yesterday with Jay Taylor, editor of J. Taylor's Gold, Energy, and Tech Stocks letter, on his "Turning Hard Times Into Good Times" internet radio program. The main point of the discussion was that gold market manipulation is no mere "conspiracy theory" but longstanding Western government policy extensively documented in government archives and statements and memoirs by central bankers.
Ronan Manly: Why is a criminal organization allowed to dominate the gold industry?
Submitted by admin on Wed, 2022-07-20 11:02 Section: Daily DispatchesBy Ronan Manly
Bullion Star, Singapore
Wednesday, July 20, 2022
When buying gold or silver, consider the dealers who support GATA
Submitted by admin on Tue, 2022-07-19 16:24 Section: Daily Dispatches4:23p ET Tuesday, July 19, 2022
Dear Friend of GATA and Gold:
Being the only forms of money without counterparty risk, at least when held directly by their owners, gold and silver are often seen as the foundation of a sound investment portfolio.
Turkey looks to ditch dollar in payments for Russian energy
Submitted by admin on Tue, 2022-07-19 16:23 Section: Daily DispatchesBut who really wants Turkish lira?
* * *
By Firat Kozok
Bloomberg News
Tuesday, July 19, 2022
Turkey's President Recep Tayyip Erdogan will discuss paying for Russian energy imports with currencies other than the U.S. dollar when he meets his Russian counterpart, Vladimir Putin, in Tehran today, according to Turkish officials familiar with the matter.
Monetary reform, gold remonetization addressed as Bullion Star interviews fund manager Sean Fieler
Submitted by admin on Mon, 2022-07-18 20:15 Section: Daily Dispatches8:14p ET Monday, July 18, 2022
Dear Friend of GATA and Gold:
Bullion Star researcher Ronan Manly today interviews fund manager and gold and sound-money advocate Sean Fieler about the prospects for monetary reform in the United States, including the remonetization of gold and auditing the Federal Reserve and making it more accountable to limited government and democracy.
A big part of the discussion involves gold market manipulation and GATA's efforts to expose it.
The interview is 35 minutes long and can be seen at YouTube here:
Spoofing gold market was common at Bear Stearns, former trader testifies
Submitted by admin on Mon, 2022-07-18 19:17 Section: Daily DispatchesBy Eddie Spence
Bloomberg News
Monday, July 18, 2022
At Bear Stearns Cos., before the bank was acquired by JPMorgan Chase & Co. in 2008, manipulating the gold futures market with bogus spoof orders was "common practice," especially for its top trader, Gregg Smith, a former colleague told jurors in Chicago.
"It was pretty widespread" on the precious-metals trading desk, said Corey Flaum, a gold and silver trader who was later fired for spoofing and reached a criminal plea agreement to cooperate with prosecutors.
Ted Butler: After epic selloffs, epic rises ahead for gold and silver
Submitted by admin on Mon, 2022-07-18 19:06 Section: Daily Dispatches7p ET Monday, July 18, 2022
Dear Friend of GATA and Gild (and Silver):
Silver market analyst Ted Butler explains tonight why he thinks that the "epic" smashdown of gold and silver prices in recent months has been engineered to allow the bullion banks to jettison their short positions for good, clearing the way for epic price increases. His analysis is headlined "Epic Silver Selloffs" and it's posted at GoldSeek's companion site, SilverSeek, here:
Has the U.S. just stripped Ukraine of its gold reserves?
Submitted by admin on Sun, 2022-07-17 19:28 Section: Daily Dispatches7:32p ET Sunday, July 17, 2022
Dear Friend of GATA and Gold:
Eight years ago as Russia seized Crimea from Ukraine, Ukraine's gold appeared to have been hastily shipped to the United States. Nobody in authority would deny it:
Today the Ukrainian central bank acknowledged that $12 billion of its gold reserves recently was sold under pressure of the war with Russia that began this year:
When buying gold or silver, consider the dealers who support GATA
Submitted by admin on Sun, 2022-07-17 18:24 Section: Daily Dispatches6:24p ET Sunday, July 17, 2022
Dear Friend of GATA and Gold:
Being the only forms of money without counterparty risk, at least when held directly by their owners, gold and silver are often seen as the foundation of a sound investment portfolio.
Pages
