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Daily Dispatches
India's gold imports jump to near two-year high as weddings revive demand
Submitted by admin on Mon, 2021-04-12 11:24 Section: Daily DispatchesBy Shruti Srivastava and Swansy Afonso
Bloomberg News, New York
via Business Standard, New Delhi
Monday, April 12, 2021
Gold imports by India surged in March to the highest monthly total in nearly two years as a slump in prices stoked demand for jewelry during the ongoing wedding season.
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USAGold: Coins and bullion since 1973
Ecuador elects businessman; leading candidate in Peru would nationalize everything
Submitted by admin on Mon, 2021-04-12 11:07 Section: Daily DispatchesMillionaire Businessman Guillermo Lasso Elected Ecuador's President
By Gideon Long
Financial Times, London
Monday, April 12, 2021
QUITO, Ecuador -- Millionaire businessman Guillermo Lasso will be Ecuador’s next president after pulling off a remarkable victory in Sunday’s election, overcoming a deficit of 13 percentage points between the first and second rounds to beat leftwing candidate Andres Arauz.
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London metal trader Andrew Maguire interviews GoldMoney's Alasdair Macleod
Submitted by admin on Fri, 2021-04-09 22:51 Section: Daily Dispatches1:06p ET Sunday, April 11 2021
Dear Friend of GATA and Gold:
London metals trader Andrew Maguire, in his weekly program with Shane Moran for Kinesis Money, praises GATA's consultant on the Bank for International Settlements, Robert Lambourne, and explains why he sees the current futures trader positioning in gold as bullish.
Then Maguire interviews GoldMoney research director Alasdair Macleod.
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Trying again with a mainstream financial journalist who should know better
Submitted by admin on Fri, 2021-04-09 13:04 Section: Daily DispatchesFriday, April 9, 2021
John Authers
Bloomberg News
New York, N.Y.
Dear Mr. Authers:
Your column today at Bloomberg News, ""Bitcoin is Displacing Gold as an Inflation Hedge" --
https://www.bloomberg.com/opinion/articles/2021-04-09/bitcoin-is-displac...
-- asks if there are songs about bitcoin. A few years ago the comedian Remy produced this rap video about it:
Papua New Guinea gets majority stake in Barrick-Zijin gold mine
Submitted by admin on Fri, 2021-04-09 12:14 Section: Daily DispatchesFrom Reuters
Friday, April 8, 2021
MELBOURNE, Australia -- Barrick Gold Corp. has reached a deal that gives the Papua New Guinea government a majority share in the Porgera gold mine as part of plans to restart operations, the company said today.
The deal will set a benchmark for further resources projects in the region, Prime Minister James Marape said in a statement, and help shape the terms of new developments by the likes of Australian gold miner Newcrest Mining.
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U.S. producer inflation firms in March as prices increase broadly
Submitted by admin on Fri, 2021-04-09 12:02 Section: Daily DispatchesBy Lucia Mutikani
Reuters
Friday, April 9, 2021
WASHINGTON -- U.S. producer prices increased more than expected in March, resulting in the largest annual gain in 9 1/2 years, likely marking the start of higher inflation as the economy reopens amid an improved public health environment and massive government funding.
The report from the Labor Department today also showed solid gains in underlying producer prices last month.
Stefan Gleason: Rising debt means a weaker dollar
Submitted by admin on Thu, 2021-04-08 20:07 Section: Daily Dispatches
By Stefan Gleason
Money Metls News Service, Eagle, Idaho
Thursday, April 8, 2021
Americans appear to be growing more concerned about the skyrocketing national debt level -- officially $28.1 trillion and counting.
The Peter G. Peterson Foundation's monthly Fiscal Confidence Index recently shed five points, dropping to a level of 47, in the wake of the Biden administration's latest $2 trillion stimulus package.
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Robert Lambourne: Basel 3 rules may not hamper gold price suppression much
Submitted by admin on Thu, 2021-04-08 13:31 Section: Daily DispatchesBy Robert Lambourne
Thursday, April 8, 2021
This note considers the potential impact of the “Basel 3” regulatory standards of the Bank for International Settlements on the bank’s own gold banking business, which is of interest to gold investors mainly due to the regular trading the BIS does in gold swaps and other derivatives.
These gold transactions by the BIS are perhaps the most obvious sign of regular and often extensive if usually surreptitious gold trading done by central banks.
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U.S. inflation has gone K-shaped in the pandemic like everything else
Submitted by admin on Thu, 2021-04-08 11:28 Section: Daily DispatchesBy Alexandra Tanzi
Bloomberg News
Thursday, April 8, 2021
Low-income Americans bore the brunt of job losses when the pandemic arrived. Now they’re getting hit hardest by price increases as the economy recovers.
The headline consumer inflation rate in the U.S. remains subdued, at 1.7% -- but it masks large differences in what people actually buy.
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Ronan Manly: Hungary boosts gold reserves by 3,000% in 3 years
Submitted by admin on Wed, 2021-04-07 23:13 Section: Daily Dispatches11:10p ET Wednesday, April 7, 2021
Dear Friend of GATA and Gold:
Bullion Star's Ronan Manly writes tonight that the Hungarian central bank's purchase of another 83 tonnes of gold, tripling the national reserves, is a big deal, as it makes the country a major gold holder.
Manly's analysis is headlined "Hungarian Central Bank Boosts Its Gold Reserves by 3,000% in Less Than 3 Years" and it's posted at Bullion Star here:
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