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Daily Dispatches
Venezuelan gold reserves drop to five-decade low as withdrawals accelerate
Submitted by cpowell on Fri, 2021-02-12 13:17 Section: Daily DispatchesFrom Reuters
Thursday, February 11, 2021
CARACAS -- The Venezuelan central bank's gold reserves dropped by about 12 tonnes in the last six months to a new 50-year low, according to its 2020 financial statements.
Facing a collapse in oil production and the effects of U.S. sanctions, President Nicolas Maduro's government has continued to use the sale of monetary gold as a source of income.
In Stansberry interview, First Majestic's Neumeyer scorns silver paper games
Submitted by cpowell on Thu, 2021-02-11 00:49 Section: Daily Dispatches12:50a ET Thursday, February 11, 2021
Dear Friend of GATA and Gold:
GATA Chairman Murphy interviewed by Dunagun Kaiser for Liberty & Finance
Submitted by cpowell on Wed, 2021-02-10 23:45 Section: Daily Dispatches11:45p ET Wednesday, February 11, 2021
Dear Friend of GATA and Gold:
GATA Chairman Bill Murphy was interviewed Monday by Dunagun Kaiser of Liberty & Finance about the recent big changes in the gold and silver markets and what he expects to happen. The interview is 23 minutes long and can be viewed at YouTube here:
https://www.youtube.com/watch?v=_DUyX5gpMWM&feature=youtu.be
Nick Barisheff: U.S. government debt inevitably lifts gold
Submitted by cpowell on Wed, 2021-02-10 23:35 Section: Daily DispatchesBy Nick Barisheff
BMG Group Inc., Markham, Ontario, Canada
Wednesday, February 10, 2021
Pam and Russ Martens: ESF's balance shrinks but still has $200 billion for market rigging
Submitted by cpowell on Wed, 2021-02-10 12:11 Section: Daily Dispatches12:12p ET Wednesday, February 10, 2021
Dear Friend of GATA and Gold:
Wall Street on Parade's Pam and Russ Martens report today that the balance in the U.S. Treasury Department's Exchange Stabilization Fund appears to have fallen from $600 billion to $200 billion but that's still a lot of money for secret market rigging, the ESF's statutory purpose.
At King World News, GoldMoney's Turk is enthused about silver
Submitted by cpowell on Wed, 2021-02-10 10:45 Section: Daily Dispatches10:45a ET Wednesday, February 10, 2021
Dear Friend of GATA and Gold:
Strange days: Daniela Cambone interviews Ted Butler about silver market manipulation
Submitted by cpowell on Tue, 2021-02-09 22:43 Section: Daily Dispatches10:40p ET Tuesday, February 9, 2021
Dear Friend of GATA and Gold (and Silver):
"Dogs and cats living together," as they said in "Ghostbusters" -- for today Daniela Cambone of Stansberry Research interviewed silver market analyst Ted Butler about silver market manipulation ... for the first time in his 30 years complaining about it.
Legislation would let Idaho state treasurer invest in gold, silver
Submitted by cpowell on Tue, 2021-02-09 19:53 Section: Daily DispatchesBy Keith Ridler
Associated Press
via The Island Packet, Bluffton, S.C.
Tuesday, February 9, 2021
BOISE, Idaho -- Legislation to allow the Idaho treasurer to invest in gold and silver that must be physically stored in Idaho headed to the full House on Tuesday.
Stefan Gleason: How precious metals generate positive real returns
Submitted by cpowell on Tue, 2021-02-09 11:36 Section: Daily DispatchesBy Stefan Gleason
Money Metals Exchange, Eagle, Idaho
Monday, February 8, 2021
One of the most bullish backdrops for precious metals is an environment of negative real interest rates – that is, when bonds and cash yield less than the inflation rate.
Elko resists drive by Nevada's sinking gambling industry to raise mining taxes
Submitted by cpowell on Tue, 2021-02-09 10:14 Section: Daily DispatchesLife in a Gold-Mining Town
By Sofia Jeremias
Deseret News, Salt Lake City
Monday, February 8, 2021
ELKO, Nevada -- In late January, snow dusts the open land as the backs of cattle grazing peek out of the scrubland that surrounds the section of Interstate 80 crossing Nevada.