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Daily Dispatches

Despite rising gold prices, investors leave miners behind

Section: Daily Dispatches

By Gabriel Friedman
National Post, Toronto
Thursday, March 21, 2024

Two decades ago rising gold prices launched a historic bull run in Canada's gold mining sector. Now, bullion is popping to all-time highs again, but this time investors are fleeing gold miners’ stocks in droves.

Even gold exchange-traded funds, which use investors' money to acquire physical stockpiles of bullion, are contracting as gold prices rise, which is precisely the opposite of what many analysts expected.

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To liberate the monetary metals markets, GATA needs your help

Section: Daily Dispatches

4:40p ET Thursday, March 21, 2024

Dear Friend of GATA and Gold:

Since gold and even silver seem to be enjoying a sustained rally, since government stupidity and corruption are reaching new heights too, and since sentiment in our long-depressed sector may be improving, this may be the time for GATA to ask for your help, which we haven't done in a long time.

JP Cortez: Fixing FDR's blunder: from gold standard to fiat folly and back

Section: Daily Dispatches

By JP Cortez
Real Clear History, Washington, D.C.
Wednesday, March 20, 2024

States across the country are beginning to embrace pro-sound money legislation, inviting a critical examination of how America abandoned the gold standard of money and racked up $34.5 trillion in debt. 

To understand how we got here, it's important to understand the policy that initiated our monetary decline.  

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Jan Nieuwenhuijs: Chinese central bank purchases secretly fueled perfect storm in gold in 2023

Section: Daily Dispatches

6:41a ET Friday, March 22: Jan Nieuwenhuijs plans an urgent update to this report today. / cp

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By Jan Nieuwenhuijs
Gainesville Coins, Lutz, Florida
Thursday, March 21, 2024

The People's Bank of China bought 735 tonnes of gold in 2023, of which about two thirds were bought covertly. 

Wisconsin ends sales taxes on gold and silver

Section: Daily Dispatches

By JP Cortez
Money Metals Exchange, Eagle, Idaho
Thursday, March 21, 2024

Responding to an overwhelming groundswell of grassroots pressure, Wisconsin Gov. Tony Evers today signed into law a bill that secures Wisconsin's place as the 44th state in America to end sales taxes on the purchase of precious metals.

Assembly Bill 29 and Senate Bill 33, carried by Rep. Sortwell and Sen. Stroebel, respectively, enjoyed strong bipartisan support in both chambers of the Wisconsin legislature before it landed on Gov. Evers' desk.

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New book reveals history of U.S. dollar weaponization

Section: Daily Dispatches

By Neil Irwin
Axios, Arlington, Virginia
Wednesday, March 20, 2024

Some of the most important instruments of U.S. global power are deployed not by the warfighters at the Pentagon or the diplomats at the State Department, but by bureaucrats at 1500 Pennsylvania Ave. -- the U.S. Treasury Department.

The big picture: A new book out this week brings to life the narrative of how Treasury officials have used the U.S. dollar as a tool of American foreign policy over the last three decades -- along with the hazards that has created.

Turks pile into the dollar, gold, and stocks as 67% inflation savages lira

Section: Daily Dispatches

By Scott McLean, Ipek Yezdani, and Anna Cooban
CNN, Atlanta
Wednesday, March 20, 2024

Down a dimly lit alleyway tucked just inside Istanbul’s Grand Bazaar, a few dozen men are packed together, shouting, waving, and frantically speaking on their phones, others nervously pacing.

This "standing market" -- a low-rent version of a chaotic stock exchange floor -- is where Istanbul's traders come to deal in precious metals and currencies. These days it's dollars and gold they're after. Turkish lira, not so much.

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To continue working for free monetary metals markets, GATA needs your help

Section: Daily Dispatches

2:10p ET Wednesday, March 20, 2024

Dear Friend of GATA and Gold:

Since gold and even silver seem to be enjoying a sustained rally, since government stupidity and corruption are reaching new heights too, and since sentiment in our long-depressed sector may be improving, this may be the time for GATA to ask for your help, which we haven't done in a long time.

Ambrose Evans-Pritchard: Fed is preparing for a hand-brake U-turn on interest rates

Section: Daily Dispatches

By Ambrose Evans-Pritchard
The Telegraph, London
Tuesday, March 19, 2024

If you want an idea of how the current fiscal and asset bubble in the United States might end, pay close attention to Bernard Connolly, esteemed consigliere to hedge funds and central bankers across the world for the last quarter century.

It will not end in a soft landing -- a "chimaera" -- and will certainly not end in another leg of accelerating economic growth. Nor will it end in soggy stagflation.

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Now that we may be winning, GATA asks for your support

Section: Daily Dispatches

8:30p ET Monday, March 18, 2024

Dear Friend of GATA and Gold:

Since gold and even silver seem to be enjoying a sustained rally, since government stupidity and corruption are reaching new heights too, and since sentiment in our long-depressed sector may be improving, this may be the time for GATA to ask for your help, which we haven't done in a long time.

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