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Daily Dispatches
Join GATA as the great New Orleans Investment Conference returns Oct. 19
Submitted by admin on Thu, 2021-10-07 13:42 Section: Daily DispatchesBy Brien Lundin
Editor, Gold Newsletter
CEO, the New Orleans Investment Conference
Thursday, October 7, 2021
With this year's New Orleans Investment Conference just around the corner -- Tuesday through Friday, October 19-22 -- the timing couldn't be better for a metals rally.
If you're a serious investor, you need to attend this blockbuster, in-person event.
Craig Hemke at Sprott Money: Ahead of the BLSBS
Submitted by admin on Tue, 2021-10-05 16:34 Section: Daily Dispatches4:30p ET Tuesday, October 5, 2021
Dear Friend of GATA and Gold:
Craig Hemke of the TF Metals Report, writing today at Sprott Money, muses about what the U.S. Bureau of Labor Statistics will contrive Friday in its new jobs report and whether the report will cause the Federal Reserve to start reducing its bond purchases.
In any case, Hemke adds, the prices of gold and silver have a long way to recover before generating any investor enthusiasm for the prospects of the monetary metals.
India's gold imports surge as prices correct ahead of festivals
Submitted by admin on Mon, 2021-10-04 09:20 Section: Daily DispatchesBy Rajendra Jadhav
Reuters
Monday, October 4, 2021
MUMBAI -- India's gold imports in September soared 658% from last year's lower base as a correction in local prices to the lowest level in nearly six months prompted jewellers to step up purchases for the upcoming festive season, a government source said.
Higher imports by the world's second-biggest bullion consumer could support benchmark gold prices, which have fallen nearly 15% from an all-time high of $2,072 in August 2020.
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N.Y. Sun: Did Fed Chairman Powell sabotage Shelton nomination?
Submitted by admin on Sun, 2021-10-03 14:08 Section: Daily DispatchesFrom The New York Sun
Sunday, October 3, 2021
If President Biden nominates Jerome Powell for a second term as chairman of the Federal Reserve, the question for which we’ll be waiting is whether Mr. Powell tried to derail the nomination to the Fed’s board of Judy Shelton. President Trump had signaled his plan to nominate Ms. Shelton in July 2019. In a razor-thin vote in late 2020, though, Ms. Shelton was defeated when two Republicans voted “no” and one failed to show up at all.
Hidalgo Mining files suit accusing JPMorgan of manipulating silver prices
Submitted by admin on Fri, 2021-10-01 19:37 Section: Daily DispatchesBy Peter Hobson
Reuters
Friday, October 1, 2021
LONDON -- A Florida-based silver miner has filed a damages claim against JPMorgan, accusing the bank of manipulating the silver market to push prices so low the company's mine had to close.
The complaint, filed on Tuesday in the U.S. District Court for the Southern District of Florida, said Hidalgo Mining Corp. raised $10.35 million from investors to finance a silver mine in Mexico that began production around 2012 and stopped in 2014.
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GATA's Ed Steer discusses metals market manipulation on Palisades Gold Radio
Submitted by admin on Fri, 2021-10-01 16:16 Section: Daily Dispatches4:18p ET Friday, October 1, 2021
Dear Friend of GATA and Gold:
Interviewed this week by Tom Bodrovics of Palisades Gold Radio, GATA board member Ed Steer, publisher of Ed Steer's Gold and Silver Digest, discusses the heavy manipulation of the gold, silver, and U.S. dollar markets and why he expects gold and silver prices to rise as the bullion banks that have been shorting the metals reverse their positions.
The interview is a half hour long and can be heard at YouTube here:
USA Gold's 'News & Views': Gold's century
Submitted by admin on Fri, 2021-10-01 16:10 Section: Daily Dispatches4:07p ET Friday, October 1, 2021
Dear Friend of GATA and Gold:
USAGold's "News & Views" letter for October soberly details gold's quiet performance through the years, which always makes it at least competitive with other financial assets and, in the long term, superior.
The letter is headlined "Gold's Century" and it's posted at USAGold here:
Venezuela to subtract six zeros from currency in second overhaul in three years
Submitted by admin on Fri, 2021-10-01 16:03 Section: Daily DispatchesBy Mayela Armas, Brian Ellsworth, and Luc Cohen
Reuters
Friday, October 1, 2021
CARACAS -- Venezuela today will launch its second monetary overhaul in three years by cutting six zeros from the bolivar currency in response to hyperinflation, simplifying accounting but doing little to ease the South American nation's economic crisis.
U.S. dollar share of world FX reserves steady at 59.2% in Q2
Submitted by admin on Thu, 2021-09-30 21:29 Section: Daily DispatchesBy Gertrude Chavez-Dreyfuss
Reuters
Thursday, September 30, 2021
NEW YORK -- The U.S. dollar's share of currency reserves reported to the International Monetary Fund was steady at 59.2% in the second quarter, compared with 59.5% in the first three months of the year, IMF data showed today.
The greenback remains the largest-held currency reserve by global central banks.
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Ronan Manly: Indian central bank accumulating much gold almost under the radar
Submitted by admin on Thu, 2021-09-30 21:06 Section: Daily DispatchesBy Ronan Manly
Bullion Star, Singapore
Thursday, September 30, 2021
While large one-off central bank gold purchases get a lot of media attention and the same is true for central banks accumulating gold reserves over a two- or three-month period, sizeable accumulation of gold by central banks on a month-in, month-out basis, with the exception of the Chinese and Russian central banks, tends to go almost unnoticed.
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