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China rigs currency market just as U.S. does
China Moves to Support Yuan as Stock Markets Tumble
From Reuters
Monday, January 22, 2024
China's major state-owned banks moved to support the yuan today, tightening liquidity in the offshore foreign exchange market while actively selling U.S. dollars onshore as equities slid, four sources with knowledge of the matter said.
The goal was to prevent the yuan from falling too fast as China's A shares plunged, said one of the people, with the benchmark Shanghai Composite index posting its biggest one-day drop since April 2022 on Monday, down 2.7%.
"It is a clear policy signal to stabilise the yuan and counter the negative market sentiment on equities," said Gary Ng, senior economist for Asia Pacific at Natixis. ...
... For the remainder of the report:
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Guanajuato Silver Commences Processing
Third-Party Gold and Silver at El Cubo
Company Announcement
Wednesday, January 17, 2024
VANCOUVER, British Columbia, Canada -- Guanajuato Silver Company Ltd. (TSXV:GSVR) (OTCQX:GSVRF) announces commencement of a relationship with a Mexican silver mining company to process a portion of its surface inventory of mineralized material at Guanajuato Silver's wholly owned El Cubo mines complex in Guanajuato, Mexico.
Guanajuato Silver's chairman and chief executive officer, James Anderson, said: "We are excited to have reached this agreement, which will use a considerable amount of the excess capacity that exists at our El Cubo mill. We believe both parties will benefit from this agreement, as we collectively look to expand silver production in the Guanajuato area through the processing of low-cost and readily available material.
"With additional unutilized capacity still available at El Cubo, we continue to pursue similar business agreements with other mining groups in the area." ...
... For the remainder of the announcement:
https://gsilver.com/news/2024/
Toast to a free gold market
with great GATA-label wine
Wine carrying the label of the Gold Anti-Trust Action Committee, cases of which were awarded to three lucky donors in GATA's recent fundraising campaign, are now available for purchase by the case from Fay J Winery LLC in Texarkana, Texas. Each case has 12 bottles and the cost is $240, which includes shipping via Federal Express.
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http://www.gata.org/files/GATA-4-wine-bottles.jpg
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http://www.gata.org/files/FayJWineryVarietals.jpg
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Support GATA by purchasing
Stuart Englert's "Rigged"
"Rigged" is a concise explanation of government's currency market rigging policy and extensively credits GATA's work exposing it. Ten percent of sales proceeds are contributed to GATA. Buy a copy for $14.99 through Amazon --
-- or for an additional $3 and a penny buy an autographed copy from Englert himself by contacting him at srenglert@comcast.net.
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