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Daily Dispatches
LME vindicated for cancelling nickel trades; Comex must feel relief
Submitted by admin on Thu, 2023-11-30 12:47 Section: Daily DispatchesLME Triumphs in Lawsuit Over Cancelled Nickel Trades
By Sam Tobin and Pratima Desai
Reuters
Wednesday, November 29, 2023
LONDON -- The London Metal Exchange won Wednesday a legal battle with U.S. financial firms that brought a case demanding $472 million in compensation after the exchange cancelled billions of dollars in nickel trades last year following a surge in prices.
No, gold market manipulation didn't end in 2008
Submitted by admin on Tue, 2023-11-28 16:40 Section: Daily Dispatches5:11p ET Tuesday, November 28, 2023
Dear Friend of GATA and Gold:
Gold advocate John Rubino writes this month that the gold market used to be manipulated by Wall Street traders "spoofing" the futures market, by commercial fabricators trying to trick hedge funds and other speculators in the futures market, and by Western central banks lending gold to bullion banks so they would sell it into the market to depress the price and thereby defend government currencies against competition from the monetary metal.
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Watch the New Orleans conference at home while helping GATA too
Submitted by admin on Mon, 2023-11-27 17:06 Section: Daily Dispatches5p ET Monday, November 27, 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.)
Just how bad is the U.S. cost-of-living squeeze? We did the math
Submitted by admin on Mon, 2023-11-27 11:18 Section: Daily DispatchesBy Reade Pickert and Jennah Haque
Bloomberg News
Monday, November 27, 2023
After years of inflation, U.S. consumers are shouldering a burden unlike anything seen in decades -- even as the pace of price increases has slowed.
It now requires $119.27 to buy the same goods and services a family could afford with $100 before the pandemic. Since early 2020, prices have risen about as much as they had in the full 10 years preceding the health emergency.
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Kinesis Money's Andrew Maguire interviews GATA Chairman Bill Murphy
Submitted by admin on Fri, 2023-11-24 11:31 Section: Daily Dispatches11:30a ET Friday, November 24, 2023
Dear Friend of GATA and Gold:
GATA Chairman Bill Murphy joins London metals trader Andrew Maguire and host Shane Morand on this week's edition of Kinesis Money's "Live from the Vault" program, discussing GATA's formation and work over the last quarter century.
Murphy explains why he was censored long before "cancel culture," how the silver market is manipulated just as the gold market is, and the potential consequences of the manipulations and their failure.
Burkina Faso begins construction of its first gold refinery
Submitted by admin on Fri, 2023-11-24 00:52 Section: Daily DispatchesFrom Agence France-Presse
via Barron's, New York
Thursday, November 23, 2023
Burkina Faso's junta-led government today launched the construction of the country's first refinery for gold, Burkina's main mineral resource, an AFP journalist said.
The refinery will have a production capacity of around 400 kilograms (880 pounds) of gold per day, according to Ismael Siby, CEO of the refinery's co-managing company, Marena Gold.
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Perth Mint avoids fine despite many compliance failures
Submitted by admin on Thu, 2023-11-23 15:38 Section: Daily DispatchesBy Hamish Hastie
Sydney Morning Herald
Thursday, November 23, 2023
The taxpayer-owned Perth Mint and its operator Gold Corp. have avoided a fine despite Australia's finance watchdog uncovering a litany of failures in its compliance with anti-money laundering and terrorism finance laws.
Instead, Gold Corp. has entered into an "enforceable undertaking" with the Australian Transaction Reports and Analysis Centre, which sets in stone a requirement for the organisation to fix its anti-money laundering compliance rules in full by April 2025.
Alasdair Macleod: Central banks are always managing the crises they cause
Submitted by admin on Thu, 2023-11-23 14:06 Section: Daily DispatchesBy Alasdair Macleod
Head of Research, GoldMoney, Toronto
via Schiff Gold, White Plains, New York
Thursday, November 23, 2023
This article concludes that the current downturn in bond yields is part of a continuing market manipulation by central banks in order to restore confidence in the global economic outlook.
There is a long history of government intervention in markets. In the nineteenth century, it was by legal regulation, the most notable of which was the 1844 Bank Charter Act, which had to be suspended in 1847, 1857, and 1866.
Mali signs agreement with Russia to build gold refinery
Submitted by admin on Thu, 2023-11-23 08:56 Section: Daily DispatchesBy Tiemoko Diallo
Reuters
Wednesday, November 22, 2023
BAMAKO, Mali -- Mali's military government said it has signed an agreement with Russia to build a gold refinery in the capital, Bamako, one of a slew of deals between the two countries as Russia seeks to extend its regional influence.
The accord, a non-binding memorandum of understanding, involves building a 200-tonnes-per-year refinery, minister Alousséni Sanou said in an interview on state television broadcast late Tuesday.
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Save Canadian Mining announces Black Friday emergency session on short selling
Submitted by admin on Tue, 2023-11-21 21:06 Section: Daily DispatchesIndustry Legends Eric Sprott, Wes Christian, and David Wenger to Join Save Canadian Mining Podcast
Organization Announcement
via PRNewsire / Cision, Chicago
Friday, November 17, 2023
TORONTO -- In response to multiple developments around the world and dire actions here at home, Save Canadian Mining is making an urgent appeal.
If you are an investor in any Canadian mining stocks or a Canadian mining executive, you need to join us for this session on Black Friday, November 24, at 10 a.m. ET.
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