Robert Lambourne: BIS gold swaps fall in June by 46 tonnes to 471 tonnes

Section: Daily Dispatches

By Robert Lambourne
Wednesday, August 4, 2021

The recently released June statement of account of the Bank for International Settlements --

-- contains information that suggests a decrease of about 46 tonnes in the bank’s gold swaps to 471 tonnes. This compares to the record high estimated at 552 tonnes as of February 25 this year. 

The great New Orleans conference returns, and with a money-back guarantee

Section: Daily Dispatches

By Brien Lundin
Publisher, Gold Newsletter
CEO, New Orleans Investment Conference
Wednesday, August 4, 2021

This year’s New Orleans Investment Conference is coming up -- Tuesday through Friday, October 19-22 -- and you’ll kick yourself if you miss it.

Why? Because this is without a doubt the most valuable, important, rewarding -- and eagerly awaited --event in many years.

It will be the first big in-person event of its kind post-pandemic --a "welcome home" for hundreds of today's smartest and most active investors.

Ronan Manly: Brazil's central bank imposes secrecy on gold purchases, swaps

Section: Daily Dispatches

3:10p ET Tuesday, August 3, 2021

Dear Friend of GATA and Gold:

Bullion Star researcher Ronan Manly today investigates the Brazilian central bank's purported recent purchase of 53 1/2 tonnes of gold and discovers that the bank refuses to answer any questions about it, like where the metal was purchased and where it is being vaulted.

... Dispatch continues below ...

Good Mining Exploration Resumes Search
for Gold at Golden Target Project in Ontario

Former Northwest Territorial Mint executives guilty in $25 million Ponzi scheme

Section: Daily Dispatches

By Chase Hutchinson
Tacoma (Washington) News Tribune
Saturday, July 31, 2021

The former president and CEO of a precious metals firm based in Federal Way and Auburn was convicted Friday of mail and wire fraud in what the Justice Department is calling a "Ponzi-type scheme."

In a release, federal officials said Bernard Ross Hansen, 60, was convicted of multiple counts of wire and mail fraud that defrauded more than 2,500 customers of $25 million. Also convicted was 48-year-old vault manager Diane Renee Erdmann.

... Dispatch continues below ...

Sub-zero yields reported on over half of euro investment-grade company debt

Section: Daily Dispatches

By Yoruk Bahceli
Monday, August 2, 2021

 More than half of all investment-grade corporate bonds in the euro zone now trade with sub-zero yields, with the pool growing in July to its biggest on record, Tradeweb data showed today.

Bond markets rallied sharply in July, sending yields tumbling across the world as a slowdown in economic momentum, fears around the Delta coronavirus variant, and the unwinding of bets against bonds all sent investors into fixed-income markets, supported by dovish messaging from central bankers.

Why gold? USAGold's 'News & Views' letter for August explains

Section: Daily Dispatches

9:40p ET Wednesday, July 28, 2021

Dear Friend of GATA and Gold:

USAGold's "News & Views" letter for August opens with an explanation of gold's enduring centrality to any financial system. It continues by noting that central banks are buying the monetary metal again, that "stagflation" is approaching, and that the British Parliament is starting to worry about the dangers of "quantitative easing."

The "News & Views" letter is posted in the clear at USAGold here: