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Daily Dispatches
'Live from the Vault' reviews threats to U.S. electric grid with documentary maker David Tice
Submitted by admin on Fri, 2023-05-12 10:06 Section: Daily Dispatches10:10p SGT Friday, May 12, 2023
Dear Friend of GATA and Gold:
Kinesis Money's "Live from the Vault" program this week includes an interview by London metals trader Andrew Maguire with market expert and former fund manager David Tice about the serious threats to the electric grid in the United States, about which Tice recently made a major documentary film. The program is 49 minutes long and can be viewed at YouTube here:
AngloGold Ashanti to switch primary listing to New York
Submitted by admin on Fri, 2023-05-12 05:11 Section: Daily DispatchesBy William Langley
Financial Times, London
Friday, May 12, 2023
https://www.ft.com/content/7704382c-a8fa-4ec8-9928-88a389449fe6
Miner AngloGold Ashanti has announced plans to transfer its primary listing to New York and redomicile in the UK after winding down its South African operations to focus on other markets.
Under a plan set out today the company, which has its primary listing in Johannesburg, will keep a secondary listing there and have another in Ghana.
Alasdair Macleod: The dynamics driving the dollar down
Submitted by admin on Fri, 2023-05-12 00:32 Section: Daily DispatchesBy Alasdair Macleod
GoldMoney, Toronto
Thursday, May 11, 2023
This article examines the currency imbalances between U.S. dollars and the other currencies and concludes that should foreign holders decide to reduce their dollar exposure, the consequences for the dollar's value would be dramatic.
Chris Powell: How might gold price suppression policy end?
Submitted by admin on Thu, 2023-05-11 05:32 Section: Daily DispatchesThe slides accompanying this presentation can be viewed here:
https://gata.org/sites/default/files/MiningInvestmentAsia_Singapore2023-05-%20v3.pdf
* * *
SLIDE 1: TITLE
Remarks by Chris Powell, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
Mining Investment Asia Conference
Marriott Tang Plaza Hotel, Singapore
Thursday, May 11, 2023
Craig Hemke at Sprott Money: Bullion bank trade-at-settlement abuse continues
Submitted by admin on Thu, 2023-05-11 04:51 Section: Daily Dispatches4:45p SGT Thursday, May 11, 2023
Dear Friend of GATA and Gold:
Craig Hemke of the TF Metals Report, writing at Sprott Money, today updates his readers about the continuing use by bullion banks of the "trade at settlement" mechanism for controlling the gold price.
Hemke's analysis is headlined "Bullion Bank Trade-at-Settlement Abuse Continues" and it's posted at Sprott Money here:
https://www.sprottmoney.com/blog/Bullion-Bank-TAS-Abuse-Continues-May-10-2023
'Weird gold trick' -- revaluation -- may not be so weird after all
Submitted by admin on Wed, 2023-05-10 05:12 Section: Daily Dispatches5:21p SGT Wednesday, May 10, 2023
Dear Friend of GATA and Gold:
In his commentary yesterday at the Daily Reckoning, author and market analyst James G. Rickards described the "weird gold trick" by which the U.S. Treasury could conjure $500 billion from the Federal Reserve to help avert a debt ceiling shutdown. The "trick: is gold revaluation, official repricing of the U.S. gold reserve of 8,133 tonnes from the antique valuation of $42.22 per ounce to a market price of more than $2,000 per ounce.
Mexican president backs U.S. dollar as world's 'principal currency'
Submitted by admin on Tue, 2023-05-09 09:34 Section: Daily DispatchesFrom Reuters
Monday, May 8, 2023
MEXICO CITY -- Mexican President Andres Manuel Lopez Obrador gave the U.S. dollar a vote on confidence Monday after he was asked if a weakening greenback might spur a move to diversify Mexico's foreign currency reserves.
"We are going to continue considering the dollar as the world's principal currency," Lopez Obrador told a press conference.
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Ed Steer: Six consecutive withdrawals from SLV
Submitted by admin on Tue, 2023-05-09 03:37 Section: Daily Dispatches3:35p SGT Tuesday, May 9, 2023
Dear Friend of GATA and Gold (and Silver):
The weekend edition of Ed Steer's Gold and Silver Digest, published by GATA board member Ed Steer, is headlined "Six Consecutive Withdrawals from SLV" and it's posted in the clear at SilverSeek here:
https://silverseek.com/article/six-consecutive-withdrawals-slv
Gold and silver dips will be shallow as official intervention gets harder, Maguire says
Submitted by admin on Sun, 2023-05-07 02:04 Section: Daily Dispatches1p ICT Sunday, May 7, 2023
Dear Friend of GATA and Gold (and Silver):
In his weekly appearance on Kinesis Money's "Live from the Vault" program with Shane Morand, London metals trader Andrew Maguire predicts that dips in gold and silver futures prices will be shallow because speculators have mostly been driven out of the market and physical demand is strong.
Official intervention in the monetary metals markets is becoming more difficult, Maguire says.
The interview is 37 minutes long and can be viewed at YouTube here:
Alasdair Macleod: Why gold is always money
Submitted by admin on Thu, 2023-05-04 11:56 Section: Daily DispatchesBy Alasdair Macleod
GoldMoney, Toronto
Thursday, May 4, 2023
That America faces a severe banking crisis has become plain to see, but the authorities' response less so. Almost certainly the crisis has much further to go in America, spreading to other jurisdictions. We can only hope that central banks will protect all depositors, but that is far from certain in this early stage.
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