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Daily Dispatches
From rickety souk to global powerhouse: How Dubai became the City of Gold
Submitted by cpowell on Tue, 2021-02-02 11:42 Section: Daily DispatchesBy Ashleigh Stewart
CNN, Atlanta
Tuesday, February 2, 2021
As a child, Mihir Vaya helped his father run his fledgling jewelry business in Dubai.
Central banks take rare step of flagging currency sales in advance
Submitted by cpowell on Tue, 2021-02-02 11:09 Section: Daily DispatchesBy Eva Szalay Financial Times, London Tuesday, February 2, 2021 Several central banks have ventured into unusual territory in the opening weeks of this year, announcing currency sales in advance as they tread a delicate line between dulling the impact of a sliding dollar and dodging the ire of the U.S. Treasury.
Silver dealers scramble to find supplies for retail buyers
Submitted by cpowell on Tue, 2021-02-02 10:45 Section: Daily DispatchesBy Arpan Varghese
Reuters
Tuesday, February 2, 2021
A retail investment frenzy in silver over the past couple of days driven by social media has left dealers in some regions scrambling for bars and coins to meet demand.
If they attack in the right way, Reddit Raptors can un-rig silver and gold, Maguire says
Submitted by cpowell on Mon, 2021-02-01 20:42 Section: Daily Dispatches8:40p ET Monday, February 1, 2021
Dear Friend of GATA and Gold:
Whichever way the market goes, you can win with The Calandra Report -- and so can GATA
Submitted by cpowell on Mon, 2021-02-01 19:50 Section: Daily Dispatches7:56p ET Monday, February 1, 2021
Dear Friend of GATA and Gold:
Silver rally runs into roadblock as margins rise, warnings mount
Submitted by cpowell on Mon, 2021-02-01 19:06 Section: Daily DispatchesFrom Bloomberg News
Monday, February 1, 2021
Silver futures opened lower after the CME Group announced that it was raising margins for Comex contracts following a rally to an eight-year high that was inspired by an army of retail investors.
Most-active prices declined as much as 2.4% in early Asian trading Tuesday.
Dave Kranzler: Can the big silver shorts be squeezed?
Submitted by cpowell on Mon, 2021-02-01 15:17 Section: Daily DispatchesBy Dave Kranzler
Investment Research Dynamics, Denver
Monday, February 1, 2021
Unfortunately, unless the physical market can be squeezed, at some point the bullion banks like JP Morgan and HSBC -- with help from the central banks and the Bank for International Settlements -- will be able to regain their grip on the pricing of gold and silver using derivatives, paper gold and silver.
SD Bullion CEO says price for real metal is 30% above 'spot,' if any metal is left
Submitted by cpowell on Mon, 2021-02-01 12:50 Section: Daily Dispatches12:50p ET Monday, February 1, 2021
Dear Friend of GATA and Gold:
USAGold's 'News & Views' letter for February
Submitted by cpowell on Mon, 2021-02-01 12:22 Section: Daily Dispatches12:20p ET Monday, February 1, 2021
Dear Friend of GATA and Gold:
While silver is the sensation today, USAGold's "News & Views" letter for February reports that gold demand is strong as well and indeed both monetary metals were top performers among asset classes in 2020. The February "News & Views" is posted in the clear here:
Broken money leads to broken markets, GoldMoney's Turk tells King World News
Submitted by cpowell on Mon, 2021-02-01 11:50 Section: Daily Dispatches11:50a ET Monday, February 1, 2021
Dear Friend of GATA and Gold (and Silver):
In comments to King World News today, GoldMoney founder James Turk says the increasing wildness of financial markets arises from the practically infinite money being created by governments, which has broken and corrupted the financial system.
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