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Daily Dispatches
China considers government purchase of unsold homes to save property market
Submitted by admin on Wed, 2024-05-15 05:42 Section: Daily DispatchesFrom Bloomberg News
Tuesday, May 14, 2024
China is considering a proposal to have local governments across the country buy millions of unsold homes, people familiar with the matter said, in what would be one of its most ambitious attempts yet to salvage the beleaguered property market.
The State Council is seeking feedback from several provinces and government entities on the preliminary plan, said the people, asking not to be identified discussing a private matter.
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Jim Rickards: Why gold at $27,000 isn't such a crazy prospect
Submitted by admin on Tue, 2024-05-14 10:29 Section: Daily DispatchesBy James G. Rickards
Daily Reckoning, Baltimore
Tuesday, May 14, 2024
I've said that gold could reach $15,000 by 2026. Today I'm updating that forecast.
My latest forecast is that gold may actually exceed $27,000.
I don't say that to get attention or to shock people. It's not a guess; it's the result of rigorous analysis.
... Dispatch continues below ...
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Submitted by admin on Tue, 2024-05-14 10:24 Section: Daily Dispatches10:21p ICT Tuesday, May 14, 2024
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GATA's Murphy, GoldSeek's Waltzek wait for silver to break suppression
Submitted by admin on Tue, 2024-05-14 00:27 Section: Daily Dispatches12:27p ICT Tuesday, May 13, 2024
Dear Friend of GATA and Gold:
In a new interview, GATA Chairman Bill Murphy and GoldSeek Radio's Chris Waltzek discuss recent strength in gold and silver prices and the latter monetary metal's struggle against the suppressive force being applied in the futures market.
The discussion is 6 minutes long and can be heard at SilverSeek here:
https://silverseek.com/article/goldseek-radio-nugget-bill-murphy-silver-will-go-berserk
Striking Iranian gold retailers detained after meeting with government officials
Submitted by admin on Mon, 2024-05-13 23:52 Section: Daily DispatchesLooks like another job for the Sound Money Defense League, though probably a suicide mission.
* * *
From Iran International, London
Tuesday, May 13, 2024
Following a meeting between gold retailers and government representatives, Iranian security agents arrested several gold merchants amid the ongoing strikes, Iran International has learned that.
Brien Lundin: Silver is on the launch pad
Submitted by admin on Mon, 2024-05-13 23:33 Section: Daily Dispatches11:30a ICT Tuesday, May 13, 2024
Dear Friend of GATA and Gold:
Gold Newsletter and Golden Opportunities publisher Brien Lundin today explains why he sees silver "on the launch pad" after trading strongly in recent weeks. Lundin thinks silver may rise faster than gold. His analysis is posted at Golden Opportunities here:
https://goldnewsletter.com/go051324/
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org
Wall Street Journal fails to explain why gold can't be allowed to be itself
Submitted by admin on Sun, 2024-05-12 11:29 Section: Daily Dispatches11:37p ICT Sunday, May 12, 2024
Dear Friend of GATA and Gold:
You might get a rueful laugh from a report in yesterday's Wall Street Journal that was headlined "Inside the 21st-Century Gold Rush" and appears in the clear at MSN.com here:
https://www.msn.com/en-us/money/markets/inside-the-21st-century-gold-rush/ar-BB1mcGcO
Investigative reporter Ken Silva reviews Fed's secrecy and connections with gold
Submitted by admin on Sat, 2024-05-11 00:16 Section: Daily Dispatches11:15a ICT Saturday, May 11, 2024
Dear Friend of GATA and Gold:
Mike Maharry of Money Metals Exchange this week interviewed investigative reporter Ken Silva of Headline USA about the Federal Reserve's secrecy, unaccountability, claims of far-reaching emergency powers, and obfuscation of its involvement with gold.
The interview is 23 minutes long and begins at the 6:40 mark at this page on the Money Metals Exchange internet site:
Physical demand is breaking gold and silver manipulation, Eric Sprott says
Submitted by admin on Fri, 2024-05-10 02:17 Section: Daily Dispatches1:19p ICT Friday, May 10, 2024
Dear Friend of GATA and Gold (and Silver):
Mining entrepreneur Eric Sprott, interviewed this week by the TF Metals Report's Craig Hemke on Sprott Money's "Ask the Expert" program, says demand from China and India for real metal is starting to break the longstanding Western-based manipulation of gold and silver prices.
U.S. Rep. Mooney introduces bill to end federal taxation on gold and silver
Submitted by admin on Wed, 2024-05-08 21:47 Section: Daily DispatchesFrom Money Metals News Service
Eagle, Idaho
Wednesday, May 8, 2024
U.S. Rep. Alex Mooney, R-West Virginia, has re-introduced sound-money legislation to remove all federal income taxation from gold and silver coins and bullion.
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