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Daily Dispatches
'Greening' the world requires much more silver at a much higher price, First Majestic CEO says
Submitted by cpowell on Wed, 2020-10-28 21:09 Section: Daily Dispatches9:08p ET Wednesday, October 28, 2020
Dear Friend of GATA and Gold:
GATA got some compliments today as Andy Schectman and Elijah Johnson of the Miles Franklin coin and bullion shop interviewed First Majestic Silver CEO Keith Neumeyer.
Have central banks really become net sellers of gold?
Submitted by cpowell on Tue, 2020-10-27 12:35 Section: Daily DispatchesOr are financial journalism and market analysis merely failing again?
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12:41p ET Tuesday, October 27, 2020
Dear Friend of GATA and Gold:
According to the old saying, sometimes attributed to Mark Twain, there are three kinds of lies: ordinary lies, damned lies, and statistics.
China's yuan nowhere near cracking U.S. dollar hegemony
Submitted by cpowell on Tue, 2020-10-27 11:24 Section: Daily DispatchesBy Alicia Garcia-Herrero
Nikkei Asia, Tokyo
Tuesday, October 27, 2020
The yuan is higher than it has been in more than two years, and foreigners are suddenly showing interest again in holding the Chinese currency.
Kitco's Horwitz sees 'nothing new to report' in gold even as BIS intervention hits another record
Submitted by cpowell on Tue, 2020-10-27 00:09 Section: Daily Dispatches12:10p ET Tuesday, October 27, 2020
Dear Friend of GATA and Gold:
On Saturday GATA's expert on the Bank for International Settlements, Robert Lambourne, reported that the bank's surreptitious intervention in the gold market on behalf of its member central banks had reached another record high:
China reminds markets that yuan's challenge to dollar is still on
Submitted by cpowell on Mon, 2020-10-26 10:57 Section: Daily DispatchesFrom Bloomberg News
via Yahoo News
Monday, October 26, 2020
Investors wondering how China plans to evolve its financial markets in the coming years need look no further than the commentary from the weekend's Bund Summit in Shanghai for guidance.
Dollar debt of emerging markets tops $4 trillion for first time, BIS says
Submitted by cpowell on Mon, 2020-10-26 10:50 Section: Daily DispatchesBy Marc Jones
Reuters
Monday, October 26, 2020
LONDON -- Dollar-denominated debt in emerging markets has risen past $4 trillion for the first time following a surge in issuance during the COVID-19 crisis, data from the Bank for International Settlements has shown.
Jan Nieuwenhuijs: Will Germany withdraw its gold from the NY Fed if Trump is re-elected?
Submitted by cpowell on Sat, 2020-10-24 12:23 Section: Daily Dispatches12:23p ET Saturday, October 24, 2020
Dear Friend of GATA and Gold:
With relations between Germany and the United States deteriorating, gold researcher Jan Nieuwenhuijs speculates today that Germany may repatriate more of its gold from the Federal Reserve Bank of New York if President Trump is re-elected.
Grandich, Grande note miners' great profit margins
Submitted by cpowell on Fri, 2020-10-23 22:22 Section: Daily Dispatches10:19p ET Friday, October 23, 2020
Dear Friend of GATA and Gold:
Almost simultaneously this week our friends the metals investors Peter Grandich and Joe Grande argued that gold and silver mining company shares may be the most promising investments at the moment because metals prices are so far above production costs, assuring good profits.
'Compelling case' for gold and silver shortages, Sprott says in weekly review
Submitted by cpowell on Fri, 2020-10-23 21:15 Section: Daily Dispatches9:13p ET Friday, October 23, 2020
Dear Friend of GATA and Gold (and Silver):
Mining entrepreneur Eric Sprott, commenting in his weekly review with Craig Hemke for Sprott Money, says Indian gold imports are much greater than expected and there's a "compelling case" for shortages of both gold and silver.
Nobody wants pesos: Argentine currency meltdown upends business
Submitted by cpowell on Fri, 2020-10-23 10:14 Section: Daily DispatchesBy Jorgelina Do Rosario and Ignacio Olivera Doll
Bloomberg News
Friday, October 23, 2020
Argentina's battle to control its currency is upending South America's second-largest economy, wreaking havoc on everything from household finances to the production and sale of common goods.
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