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Daily Dispatches
Kitco trading director and gold market analyst Peter Hug dies
Submitted by admin on Fri, 2021-04-23 21:15 Section: Daily DispatchesBy Neils Christensen
Kitco News, Montreal
Friday, April 23, 2021
Unfortunately it has not been a good week for the team at Kitco. We had to say goodbye to one member who has played an important role in the development and evolution of the company over the last decade.
This week we are mourning the loss of Peter Hug, Kitco's global trading director, who passed away Monday from cancer.
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Metals Daily's Ross Norman reverses, now says there's 'no evidence' of gold market manipulation
Submitted by admin on Fri, 2021-04-23 20:50 Section: Daily Dispatches8:52p Friday, April 23, 2021
Dear Friend of GATA and Gold:
What does Ross Norman, formerly chief executive officer of London bullion dealer Sharps Pixley, now CEO of Metals Daily, think about gold market manipulation?
Three years ago, in an interview with Grant Williams' Real Vision, Norman said "you betcha" when asked if central banks had an interest in manipulating the gold market, adding that while he didn't know if they were doing it, he thought they "probably" were:
James Turk at King World News: Technicals align with fundamentals for gold and silver
Submitted by admin on Thu, 2021-04-22 13:40 Section: Daily DispatchesBy James Turk
for King World News
Wednesday, April 21, 2021
Things are falling into place nicely for the precious metals.
The fundamental picture has been positive for some time, and all the central bank money printing is having an impact. Inflation is worsening, and we are seeing price rises in pretty much everything across the board.
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Alasdair Macleod: Why interest rate management fails
Submitted by admin on Thu, 2021-04-22 13:31 Section: Daily DispatchesBy Alasdair Macleod
GoldMoney, St. Helier, Jersey, Channel Islands
Thursday, April 22, 2021
This article explains why attempting to achieve economic outcomes by managing interest rates fails. The basis of monetary interventionist theories ignores the discoveries of earlier free-market thinkers, particularly Say, Turgot, and Böhm-Bawerk.
Craig Hemke at Sprott Money: Who is ready to act against silver price suppression?
Submitted by admin on Tue, 2021-04-20 14:27 Section: Daily DispatchesBy Craig Hemke
Sprot Money, Toronto
Tuesday, April 20, 2021
Many of us are fed up. We've dealt with the overt bank price manipulation of the Comex precious metals for years, if not decades, and we're all ready for it to end.
Individually we are powerless to stop it, as the banks and their captured "regulators" collude to maintain their power.
However, collectively we may stand a chance to overwhelm and break them. Who's ready to take action? ...
... For the remainder of the report:
Brien Lundin: Everything revolves around gold
Submitted by admin on Tue, 2021-04-20 11:58 Section: Daily DispatchesPriced in gold, stocks are now lower than they were in the 1960s.
* * *
By Brien Lundin
Gold Newsletter, Metairie, Louisiana
Monday, April 19, 2021
When I give presentations to “newbie” gold investors, I lead off with a simple question:
What is an ounce of gold worth today?
The answer: An ounce of gold.
I follow that up by noting that the dollar, on the other hand, is currently worth about 1/1,750th of an ounce of gold.
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Pam and Russ Martens: JPM's former chief monetary metals trader claims he was fired for cooperating with Justice Dept.
Submitted by admin on Tue, 2021-04-20 11:10 Section: Daily DispatchesBy Pam and Russ Martens
Wall Street on Parade
Tuesday, April 20, 2021
Donald Turnbull, a former global head of precious metals trading at JPMorgan Chase, has filed a doozy of a federal lawsuit against the bank.
India's gold imports increase by 23% to $34.6 billion in 2020-21
Submitted by admin on Mon, 2021-04-19 11:43 Section: Daily DispatchesFrom the Press Trust of India
via The Times of India, Mumbai
Sunday, April 18, 2021
NEW DELHI -- Gold imports, which have a bearing on the country's current account deficit, rose by 22.58 per cent to US$34.6 billion (about Rs 2.54 lakh crore) during 2020-21 due to increased domestic demand, according to the Commerce Ministry data.
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California gold fever still reigns as new prospectors seek to reopen giant mine
Submitted by admin on Sun, 2021-04-18 15:52 Section: Daily DispatchesBy Kurtis Alexander
San Francisco Chronicle
Sunday, April 18, 2021
GRASS VALLEY, California -- It has been a long time since California's gold country has churned out any big mining fortunes.
The rush of prospectors and the blasting of ore have given way to small towns comfortable in the quiet of the foothills. The glory of the Mother Lode today lives largely in history museums, local tourism ads and an occasional bar named the Mine Shaft or Golden Era.
But that doesn't mean there's no gold.
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Biden shows he too will wield U.S. financial system as foreign policy weapon
Submitted by admin on Sun, 2021-04-18 11:34 Section: Daily DispatchesBy Katrina Manson
Financial Times, London
Saturday, April 17, 2021
By using American banks as a cudgel against Russia, Joe Biden has shown his willingness to weaponise the U.S. financial system against foes, continuing a tactic honed during the Obama years and dramatically ramped up under Donald Trump.
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