The gold rush threatening the world's greenest country
Submitted by admin on Fri, 2023-09-22 23:13 Section: Daily DispatchesSuriname’s waterways and trade winds carry mercury, a toxic metal used in gold extraction, to regions far removed from the country's gold mines
By Bram Ebus and Wilfred Leeuwin
Dialogo Chino, London
Thursday, September 14, 2023
Fast-paced Surinamese men carrying sports bags heavy with gold rush through the entrance of one of the gold shops in the centre of Paramaribo, the capital city of Suriname.
Jan Nieuwenhuijs: Estimated official gold holdings reach record high
Submitted by admin on Fri, 2023-09-22 21:59 Section: Daily DispatchesBy Jan Nieuwenhuijs
Gainesville Coins, Lutz, Florida
Friday, September 22, 2023
My estimation of global official gold reserves hit 38,764 tonnes in Q2 2023, breaking its previous record from 1965.
The new high confirms the world has entered a new era of gold. Central banks will continue to accumulate gold and the metal's role in the international monetary system will increase to the detriment of the U.S. dollar.
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Analyst Luke Gromen joins those expecting a sudden revaluation of gold to reliquefy governments
Submitted by admin on Fri, 2023-09-22 21:17 Section: Daily Dispatches9:48p ET Friday, September 22, 2023
Dear Friend of GATA and Gold:
While it is a few months old, the March 22 edition of financial analyst Luke Gromen's "The Forest for the Trees" letter remains an outstanding review of, first, the use of derivatives and gold leasing by central banks to control the gold price, and, second, the growing evidence that central banks plan to use the monetary metal to replace the U.S. dollar and U.S. Treasury bonds as the primary settlement mechanism for world trade.
Ted Butler: The bonfire of the silver shorts
Submitted by admin on Thu, 2023-09-21 22:02 Section: Daily DispatchesBy Ted Butler
SilverSeek.com
Thursday, September 21, 2023
After 40 years of silver price manipulation and suppression on the Comex, the physical market has experienced a lack of production growth as well as enhanced demand brought about by too-low silver prices.
According to the immutable law of supply and demand, silver is now in a deepening physical shortage in which sharply higher prices are both required and inevitable.
Alasdair Macleod: There's a herd of elephants in the room
Submitted by admin on Thu, 2023-09-21 12:40 Section: Daily DispatchesBy Alasdair Macleod
Head of Research, GoldMoney
via Schiff Gold, White Plains, New York
Thursday, September 21, 2023
Among the many problems currencies and markets face, there is one which is undocumented: the eurodollar market, which is yet another very large elephant in the room. This article quantifies eurodollars and eurodollar bonds, which are additional to US money supply and credit.
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Ex-JPMorgan gold trader sentenced to six months in 'spoof' case
Submitted by admin on Thu, 2023-09-21 10:29 Section: Daily DispatchesBy Joe Deaux and Kim Chipman
Bloomberg News
Friday, September 15, 2023
A former JPMorgan Chase & Co. gold trader was ordered to serve six months behind bars for a fraud conviction tied to deceptive orders, the last criminal penalty imposed in a years-long spoofing saga at the bank.
Christopher Jordan was sentenced today in Chicago by U.S. District Judge Edmond Chang. Jordan was convicted in December for placing deceptive spoofing orders from 2008 to 2010 that witnesses testified were rampant among traders on JPMorgan's precious-metals desk.
