GATA

Ghana's central bank launches local gold purchase program

Section: Daily Dispatches

Ghana's central bank launches local gold purchase program

By Paul Jacobs
African Mining Market, Johannesburg
Saturday, June 19, 2021

In its bid to shore up the foreign exchange reserves, the Bank of Ghana has launched a domestic gold purchase program that will enable it to buy gold from local aggregators and mining firms and pay in local currency at the prevailing market price.

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Charles Hugh Smith: Capitalism for the powerless, crony socialism for the powerful

Section: Daily Dispatches

By Charles Hugh Smith
OfTwoMinds.com
Friday, June 18, 2021

The only dynamic that's even faintly "capitalist" about America's crony-socialism is that the price of political corruption is still a "market."

Maguire, Hemke applaud Wall Street Silver group for cracking derivatives system

Section: Daily Dispatches

12:20s ET Saturday, June 19, 2021

Dear Friend of GATA and Gold:

This week's "Live from the Vault" program from Kinesis Money is a discussion between London metals trader Andrew Maguire and Craig Hemke of the TF Metals Report, who examine the strain put on the silver market's derivatives system by the Reddit Wall Street Silver group.

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Ronan Manly: Dubai stands its ground against LBMA's bullying

Section: Daily Dispatches

11:22p ET Friday, June 18, 2021

Dear Friend of GATA and Gold:

Bullion Star's Ronan Manly reports tonight that the Dubai Multi-Commodities Center is escalating its opposition to the attempt of the London Bullion Market Association to control world standards for gold trading.

Manly notes that the DMCC's executive chairman, Ahmed Sultan Bin Sulayem, lately has struck some hard blows against the LBMA's corruption and hypocrisy.

Manly's report is headlined "In Ongoing Saga, Dubai Stands its Ground with the LBMA" and it's posted at Bullion Star here:

In Craig Hemke's weekly interview, Eric Sprott discusses vaccine risk, gold smash, and Newfoundland

Section: Daily Dispatches

10:16p ET Friday, June 18, 2021

Dear Friend of GATA and Gold:

Mining entrepreneur Eric Sprott returns today to Sprott Money's weekly market review with Craig Hemke, discussing the danger of Covid-19 vaccines; the smashing of gold this week on the New York Commodities Exchange, apparently to allow bullion banks to cover their short positions; and his enthusiasm for gold exploration projects in Newfoundland. 

The interview is 27 minutes long and can be heard at YouTube here:

GATA Chairman Murphy interviewed by GoldSeek Radio

Section: Daily Dispatches

12:41p ET Friday, June 18, 2021

Dear Friend of GATA and Gold:

Interviewed yesterday by GoldSeek Radio's Chris Waltzek, Chairman Bill Murphy said the disparity between gold's price action and its economic fundamentals has never been greater, a measure of the manipulation of the market.

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

https://goldseek.com/article/goldseek-radio-nugget-bill-murphy

Kinesis