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Daily Dispatches
Patrick Heller: Is gold's price manipulated?
Submitted by admin on Fri, 2022-07-22 10:18 Section: Daily DispatchesBy Patrick Heller
Numismatic News
Stevens Point, Wisconsin
Thursday, July 21, 2022
Is the price of gold, and possibly silver, manipulated? The available evidence answers "yes" as it applies to decades past. The pattern strongly suggests that it is still happening today.
Overall, the manipulation has been to suppress the price of gold, where the suppression of silver's price is one tactic employed to achieve a lower gold price.
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Another financial writer omits intervention when explaining gold's counterintuitive performance
Submitted by admin on Fri, 2022-07-22 10:07 Section: Daily DispatchesFriday, July 22, 2022
Dan Weil
MarketWatch, New York
Dear Dan (if I may):
In response to your commentary today at MarketWatch on the counterintuitive failure of the gold price to reflect the explosion of inflation worldwide --
https://www.thestreet.com/markets/commodities/gold/gold-stalls-while-inflation-surges-what-gives
Alasdair Macleod: Gold and the coming recession
Submitted by admin on Thu, 2022-07-21 19:27 Section: Daily DispatchesBy Alasdair Macleod
GoldMoney, Toronto
Thursday, July 21, 2022
We are now seeing the initial stages of a currency, credit, and banking crisis develop. Driving it are an inflation of prices, contraction of bank credit, and a pathological fear of recession. One can imagine that the major central banks almost wish a mild recession upon us so that they can keep interest rates suppressed and bond yields low.
When buying gold or silver, consider the dealers who support GATA
Submitted by admin on Wed, 2022-07-20 22:21 Section: Daily Dispatches10:20p ET Wednesday, July 20, 2022
Dear Friend of GATA and Gold:
Being the only forms of money without counterparty risk, at least when held directly by their owners, gold and silver are often seen as the foundation of a sound investment portfolio.
New Orleans conference is back in a big way, so join GATA there
Submitted by admin on Wed, 2022-07-20 21:47 Section: Daily DispatchesGATA will be participating in the conference and will receive a generous commission if you register to attend by using the link at the bottom of this dispatch.
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By Brien Lundin
Editor, Gold Newsletter
CEO, New Orleans Investment Conference
Wednesday, July 20, 2022
As a serious investor, you’re well aware of the unique challenges presented by today’s markets.
JPMorgan gold trader spoofed so fast he was urged to put ice on his fingers
Submitted by admin on Wed, 2022-07-20 16:51 Section: Daily DispatchesPMorgan Trader Spoofed So Fast Colleagues Urged Ice on Fingers
By Eddie Spence
Bloomberg News
Tuesday, July 19, 2022
Gregg Smith clicked his computer mouse so rapidly to place and cancel bogus gold and silver orders for Bear Stearns Cos. and later JPMorgan Chase & Co. that his colleagues would joke that he needed to put ice on his fingers to cool them down afterward, or that he must be double-jointed.
Robert Lambourne: BIS gold swaps keep falling sharply, down 60% in six months
Submitted by admin on Wed, 2022-07-20 12:08 Section: Daily DispatchesBy Robert Lambourne
Wednesday, July 20, 2022
Gold swaps undertaken by the Bank for International Settlements, the major gold broker for central banks, fell substantially again in June, this time by 68 tonnes, bringing the bank's total swaps down to 202 tonnes from the 501 tonnes on the bank's books in January, a decline of nearly 60% in six months.
The bank's June statement of account is posted here:
Financial letter editor Jay Taylor interviews GATA secretary
Submitted by admin on Wed, 2022-07-20 11:26 Section: Daily Dispatches11:27a ET Wednesday, July 20, 2022
Dear Friend of GATA and Gold:
Your secretary/treasurer discussed GATA's work yesterday with Jay Taylor, editor of J. Taylor's Gold, Energy, and Tech Stocks letter, on his "Turning Hard Times Into Good Times" internet radio program. The main point of the discussion was that gold market manipulation is no mere "conspiracy theory" but longstanding Western government policy extensively documented in government archives and statements and memoirs by central bankers.
Ronan Manly: Why is a criminal organization allowed to dominate the gold industry?
Submitted by admin on Wed, 2022-07-20 11:02 Section: Daily DispatchesBy Ronan Manly
Bullion Star, Singapore
Wednesday, July 20, 2022
When buying gold or silver, consider the dealers who support GATA
Submitted by admin on Tue, 2022-07-19 16:24 Section: Daily Dispatches4:23p ET Tuesday, July 19, 2022
Dear Friend of GATA and Gold:
Being the only forms of money without counterparty risk, at least when held directly by their owners, gold and silver are often seen as the foundation of a sound investment portfolio.
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