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Daily Dispatches
Israeli investors can now trade on Dubai Gold & Commodities Exchange
Submitted by admin on Mon, 2021-05-03 11:52 Section: Daily DispatchesBy Shoshanna Solomon
The Times of Israel, Jerusalem
Sunday, May 2, 2021
The Dubai Gold & Commodities Exchange said Sunday it has received a permit from the Israel Securities Authority that will allow qualified Israeli stock market traders and investors to become members of the exchange and to use its trading services and platforms.
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Chris Marcus: Why did CFTC help suppress silver futures prices?
Submitted by admin on Sun, 2021-05-02 20:23 Section: Daily Dispatches8:21p ET Sunday, May 2, 2021
Dear Friend of GATA and Gold (and Silver):
In an open letter to the acting chairman of the U.S. Commodity Futures Trading Commission, Rostin Behnam, published tonight, Chris Marcus of Arcadia Economics asks for an explanation of a comment Behnam made on March 18 that seemed to applaud and implicate the commission in the suppression of silver futures prices.
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Deepest backwardation since 2007 shows world is short of commodities
Submitted by admin on Fri, 2021-04-30 21:14 Section: Daily DispatchesFortunately there's still plenty of gold and silver -- as long as no one takes delivery
* * *
By Gerson Freitas Jr. and Michael Roschnotti
Bloomberg News
Friday, April 30, 2021
For an idea of exactly how strong the fundamentals are for commodities such as metals, agriculture, and oil today, consider this: These markets are now showing the steepest backwardation in more than 14 years.
China's Q1 gold consumption jumped 93.9% over last year, trade association says
Submitted by admin on Fri, 2021-04-30 11:23 Section: Daily DispatchesBy Min Zhang and Shivani Singh
Reuters
via Nasdaq.com, New York
Friday, April 30, 2021
BEIJING -- China's gold consumption soared 93.9% in the first three months from the same quarter a year earlier, recovering to pre-pandemic levels fuelled by strong demand for gold jewelleries and rising investment, the China Gold Association said today.
Consumption in China in the first quarter stood at 288.2 tonnes, compared with 148.63 tonnes a year ago, the association said in a statement on its website.
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Pam and Russ Martens: Equity derivative contracts held by federally-insured banks have exploded
Submitted by admin on Fri, 2021-04-30 11:13 Section: Daily DispatchesBy Pam and Russ Martens
Wall Street on Parade
Friday, April 30, 2021
Brien Lundin: The New Orleans Investment Conference is returning -- in person
Submitted by admin on Thu, 2021-04-29 20:14 Section: Daily DispatchesBy Brien Lundin
Gold Newsletter, Metairie, Louisiana
Thursday, April 29, 2021
It's been an open secret in the industry, but we're hard at work planning to host this year's New Orleans Investment Conference in person.
https://neworleansconference.com/
Enough of this pandemic craziness -- we can't wait to meet you face-to-face, shake hands, have a few hugs, and catch up like we just can't do in a virtual setting.
Former U.S. Mint director says gold and silver shorts can't be covered with metal
Submitted by admin on Thu, 2021-04-29 19:38 Section: Daily Dispatches7:34p ET Thursday, April 29, 2021
Dear Friend of GATA and Gold:
Getting dangerously close to relevance, Kitco News Editor-in-Chief Michelle Makori today induces former U.S. Mint Director Ed Moy to say that gold and silver supplies are extremely tight but gold and silver futures positions are "artifically depressing" prices. Moy adds that "paper" gold and silver are extremely leveraged and can't possibly be covered by real metal.
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Tanzania gold refinery starts producing in drive to boost revenue
Submitted by admin on Thu, 2021-04-29 19:07 Section: Daily DispatchesFrom Reuters
via Yahoo News, Sunnyvale, California
Thursday, April 29, 2021
DAR ES SALAAM, Tanzania -- A new gold refinery set to be the biggest in Tanzania has begun production in a step towards the government's aim of processing more of the precious metal domestically.
Africa's fourth-biggest gold producer and home to industrial gold mines run by Barrick, AngloGold Ashanti, and others, Tanzania has been trying to formalise subsistence gold mining and develop refineries to generate more revenue from the sector.
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Dominic Frisby: China owns a lot more gold than it's letting on -- and here's why
Submitted by admin on Thu, 2021-04-29 14:10 Section: Daily DispatchesBy Dominic Frisby
Money Week, London
Wednesday, April 21, 2021
It has been clear for some time that China has designs on the US dollar’s global reserve currency status. For China, this is simply a return to its rightful position on top of the world. To us Western usurpers, the implications of this are just enormous.
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GATA Chairman Murphy interviewed by Belgian bullion dealership
Submitted by admin on Thu, 2021-04-29 12:13 Section: Daily Dispatches11:58a ET Thursday, April 29, 2021
Dear Friend of GATA and Gold:
GATA Chairman Bill Murphy was interviewed this week by Johnny Verkuringen, chief executive of the European Gold Standard bullion dealership in Belgium (https://www.europesegoudstandaard.be/nl), discussing gold market manipulation by governments and investment banks and GATA's work against it.
The interview is 16 minutes long and can be viewed at YouTube here:
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