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Daily Dispatches
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.
Ed Steer: India imports 60 million ounces of silver in October
Submitted by admin on Mon, 2023-11-20 19:12 Section: Daily Dispatches7:10p ET Monday, November 20, 2023
Dear Friend of GATA and Gold (and Silver):
The weekend edition of Ed Steer's Gold and Silver Digest, published by GATA board member Ed Steer, is headlined "India Imports 60 Million Ounces of Silver in October" and it's posted in the clear at GoldSeek's companion site, SilverSeek, here:
Chinese, Saudi central banks sign currency swap worth $7 billion
Submitted by admin on Mon, 2023-11-20 11:40 Section: Daily DispatchesFahad Abuljadayel and Yujing Liu
Bloomberg News
via Yahoo News, Sunnyvale, California
Monday, November 20, 2023
China and Saudi Arabia have signed a local-currency swap agreement worth around $7 billion, deepening their ties as countries across the Middle East look to shift more of their non-oil trade away from the dollar.
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India's October gold imports surge to 31-month high
Submitted by admin on Mon, 2023-11-20 09:55 Section: Daily DispatchesBy Rajendra Jadhav
Reuters
via Nasdaq.com, New York
Monday, November 20, 2023
MUMBAI -- India's October gold imports surged 60% from a year earlier to a 31-month high as a drop in prices ahead of a key festival prompted jewellers to ramp up purchases, a government source said today.
Higher imports by the world's second-biggest bullion consumer could support benchmark gold prices but also may widen India's trade deficit and put pressure on the ailing rupee.
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