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Daily Dispatches

Jan Nieuwenhuijs: Dutch central bank admits preparing for a new gold standard

Section: Daily Dispatches

6:09p ET Friday, November 17, 2023

Dear Friend of GATA and Gold:

Gold researcher Jan Nieuwenhuis today reports more evidence that the Netherlands central bank has structured its gold reserves to accommodate a return to a gold standard.

Nieuwenhuijs' report is headlined "Dutch Central Bank Admits It Has Prepared for a New Gold Standard" and it's posted at the Gainesville Coins internet site here:

Ted Butler: An answer long overdue about double-counting in silver

Section: Daily Dispatches

11:08p ET Thursday, November 16, 2023

Dear Friend of GATA and Gold:

Silver market analyst Ted Butler today questions whether there is double-counting in major silver inventories as there long has been with gold reserves at central banks that lease their reserves.

Butler writes: "The issue revolves around the 103 million ounces listed as being held for the I-Shares silver trust (SLV) by the trust's custodian, JPMorgan, in New York and the 134 million ounces held in the JPMorgan Comex warehouse. 

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Alasdair Macleod: Is gold about to take off?

Section: Daily Dispatches

By Alasdair Macleod
Head of Research, GoldMoney, Toronto
via Schiff Gold, White Plains, New York
Thursday, November 16, 2023

The technical position for gold is looking very positive for higher prices. But technical analysis should be backed by fundamentals.

Watch the New Orleans conference at home while helping GATA too

Section: Daily Dispatches

4:31p ET Wednesday, November 15, 2023

Dear Friend of GATA and Gold:

You missed a lot if you didn't attend the New Orleans Investment Conference this month -- a great city renovating itself, wonderful restaurants, refreshing weather, people who make hospitality a way of life, and, of course, financial commentary from some great minds. (Oh, well, GATA's too.)

Bullion Star infographic dramatically illustrates gold price suppression by U.S.

Section: Daily Dispatches

From Bullion Star, Singapore
Wednesday, November 15, 2023

As the world's preeminent money, now and throughout history, gold is seen by governments and monetary authorities as strategically critical and often a matter of national security.

Not least in the United States, where although the U.S. government and U.S. banks downplay gold, it is precisely because they are terrified of gold's rise that these entities are heavily involved in the gold market in a nefarious manner.

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Hong Kong ousts Dubai as biggest hub for Russian gold trade

Section: Daily Dispatches

By Malaika Kanaaneh Tapper and Eddie Spence
Bloomberg News
Wednesday, November 15, 2023

Shut out of London following the invasion of Ukraine, Russian gold trading switched to Dubai. Now it's shifting again, to the bullion hub of Hong Kong.

The city has long been a key conduit for bullion entering the Chinese mainland -- the world's biggest consumer market -- but since April, Russian shipments surged. Hong Kong imported 68 tons of Russian gold this year, four times as much as the whole of 2022.

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GATA chairman Murphy discusses monetary metals with GoldSeek Radio

Section: Daily Dispatches

9:07p ET Monday, November 13, 2023

Dear Friend of GATA and Gold:

GATA Chairman Bill Murphy was interviewed today by GoldSeek Radio's Chris Waltzek, discussing the possible failure of gold and silver price suppression, the hugely discounted prices of gold and silver mining shares, and fallen comrades in the gold and silver sector, among other things.

The interview is 12 minutes long and can be heard at GoldSeek here:

GATA secretary reviews gold market intervention undertaken through BIS

Section: Daily Dispatches

7:08p ET Sunday, November 12, 2023

Dear Friend of GATA and Gold:

Your secretary/treasurer, interviewed during the recent New Orleans Investment Conference by Kai Hoffman of Soar Financial Group, discussed the recent decline in the gold swaps undertaken by the Bank for International Settlements, activity that signifies market intervention by central banks. This decline, your secretary/treasurer said, may hint that central banks are preparing for a higher gold price.

But your secretary/treasurer adds that central bank gold reserve data can't be trusted.

Alasdair Macleod: West again plays into Putin's hands

Section: Daily Dispatches

By Alasdair Macleod
Head of Research, GoldMoney, Toronto
via Schiff Gold, White Plains, New York
Friday, November 10, 2023

The Great Game of geopolitics faces a new challenge. The new hotspot is Israel and the Muslim Middle East. Ukraine is all but over, and the US is likely to abandon her to her fate -- like Afghanistan.

We shall have to see how both will play out. Meanwhile, energy prices are set to keep inflation and interest rates high, undermining governments, banking systems, and businesses dependent on cheap credit.

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