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Daily Dispatches
Ted Butler: 2022 was a momentous year for silver and gold
Submitted by admin on Mon, 2023-01-02 20:55 Section: Daily DispatchesBy Ted Butler
SilverSeek.com
Monday, January 2, 2023
The last couple of years have been significant in silver (and gold), not particularly price-wise, but in other important ways.
For instance, 2020 was particularly noteworthy in that JPMorgan was partially brought to justice for its many years of manipulating the price of precious metals on the Comex and agreeing to settle with the Justice Department and Commodity Futures Trading Commission for a reported $920 million.
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Frank Holmes: Gold was the most popular asset of 2022
Submitted by admin on Fri, 2022-12-30 19:05 Section: Daily DispatchesBy Frank Holmes
U.S. Global Investors, San Antonio
Wednesday, December 27, 2022
Any way you slice it, 2022 was a turbulent year, from Russia's invasion of Ukraine to historic inflation and jumbo rate hikes to multiple failures in the digital asset space. These have had wide-ranging implications for the world of finance that are sure to carry over into next year.
LME ends chaotic year with metal stockpiles perilously low
Submitted by admin on Fri, 2022-12-30 12:22 Section: Daily DispatchesBy Mark Burton
Bloomberg News
Friday, December 30, 2022
The London Metal Exchange will enter 2023 with the smallest available warehouse stockpiles in at least 25 years, setting the stage for future squeezes and spikes if demand turns out stronger than expected.
Ambrose Evans-Pritchard: Zero-Covid disaster destroys Xi's authoritarian dreams
Submitted by admin on Thu, 2022-12-29 22:58 Section: Daily DispatchesBy Ambrose Evans-Pritchard
The Telegraph, London
Thursday, December 29, 2022
China’s lurch from extreme zero-Covid to extreme herd immunity is a watershed moment in the global ideological struggle of our age, an unanswerable illustration of why autocratic regimes are less successful in the end than messy liberal democracies.
Tennessee and Virginia legislators named Sound Money Legislators of the Year
Submitted by admin on Thu, 2022-12-29 18:04 Section: Daily DispatchesFrom Money Metals News Service
Eagle, Idaho
Tuesday, December 27, 2022
As the year comes to a close, Money Metals Exchange and the Sound Money Defense League have named Tennessee state lawmakers Rep. Bud Hulsey and Sen. Frank Niceley Virginia Delegate Amanda Batten as "Sound Money Legislators of the Year."
Hulsey and Niceley won their multi-year battle to eliminate unjust sales taxation of the monetary metals in the Volunteer State, passing House Bill 1874 and Senate Bill 1857 in May.
Central bank gold buying is highest since financial system broke 55 years ago
Submitted by admin on Thu, 2022-12-29 11:15 Section: Daily DispatchesBy Harry Dempsey
Financial Times, London
Thursday, December 29, 2022
Central banks are scooping up gold at the fastest pace since 1967, with analysts pinning China and Russia as big buyers in an indication that some nations are keen to diversify their reserves away from the dollar.
Data compiled the World Gold Council, an industry-funded group, has shown demand for the precious metal has outstripped any annual amount in the past 55 years.
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Alasdair Macleod: Gold in 2023
Submitted by admin on Thu, 2022-12-29 11:04 Section: Daily DispatchesBy Alasdair Macleod
GoldMoney, Toronto
Thursday, December 29, 2022
This article is in two parts. In Part 1 it looks at how prospects for gold should be viewed from a monetary and economic perspective, pointing out that it is gold whose purchasing power is stable, and that of fiat currencies which is not.
Consequently, analysts who see gold as an investment producing a return in national currencies have made a fundamental error which will not be repeated in this article.
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Michael Howell: Is QE returning by stealth?
Submitted by admin on Wed, 2022-12-28 20:16 Section: Daily DispatchesBy Michael Howell
Financial Times, London
Wednesday, December 28, 2022
https://www.ft.com/content/64b3d0b6-e0be-4e8c-9b20-c595428267d5
It has been a bleak year for many investors. Global investors have lost $23 trillion of wealth in housing and financial assets so far in 2022, according to my estimates. That is equivalent to 22% of global gross domestic product and uncomfortably exceeds the lesser $18 trillion of losses suffered in the 2008 financial crisis.
India's central bank was top gold buyer from April 2020 to Sept. 2022
Submitted by admin on Tue, 2022-12-27 09:23 Section: Daily DispatchesFrom Adda24/7
Gurugram, India
Monday, December 26, 2022
With 132.34 metric tonnes of gold purchased, the Reserve Bank of India has emerged as the largest buyer of the yellow metal among central banks between April 2020 and September 2022.
The RBI was the top gold buyer among its peers in 2020 while it stood third in 2021. In 2020 it bought 41.68 MT of gold, while in 2021 and 2022 (till September end) it bought 77.5 MT and 31.25 MT respectively.
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Euro is forecast to be worth less than a dollar after Lagarde's 'kamikaze' rate rises
Submitted by admin on Sun, 2022-12-25 16:57 Section: Daily DispatchesBy Szu Ping Chan
The Telegraph, London
Sunday, December 25, 2022
The euro will collapse below parity with the dollar next year as the European Central Bank "kamikaze" rate rises backfire and a scramble for energy supplies pushes the bloc into a prolonged economic downturn, City economists have said.
JP Morgan, ING, Capital Economics, and Barclays all believe the single currency will drop below parity against the dollar within months to a fresh 20-year low.
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