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Daily Dispatches
Dave Kranzler: Money supply growth + inflation = cheap gold, silver, and mining stocks
Submitted by admin on Fri, 2021-05-28 12:23 Section: Daily DispatchesBy Dave Kranzler
Investment Research Dynamics, Denver
Friday, May 28, 2021
"April 2021 money supply and monetary base growth continued to explode."
-- John Williams, Shadowstats.com
Williams is referencing the "base" monetary aggregates, which are compiled monthly. The Fed's balance sheet grows by the week, hitting $7.922 trillion as of May 19. It has doubled plus another 13% since September 2019, when "QE" was restarted.
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The end times draw near: Bloomberg cites BIS gold trading and seeks comment
Submitted by admin on Thu, 2021-05-27 22:33 Section: Daily DispatchesGold at BOE Commands High Premium, Signaling Central Bank Buying
Yvonne Yue Li and Jack Farchy
Bloomberg News
via Yahoo News, Sunnyvale, California
Thursday, May 27, 2021
https://finance.yahoo.com/news/gold-boe-commands-high-premium-194455336.html
Gold stored at the Bank of England has been selling for unusually high premiums recently, signaling that central banks may be back in the market buying.
Half a trillion dollars is sitting at the Fed earning nothing
Submitted by admin on Thu, 2021-05-27 21:02 Section: Daily DispatchesBy Benjamin Purvis and Alex Harris
Bloomberg News
Thursday, May 27, 2021
There's so much spare cash sloshing around U.S. funding markets that investors are choosing to park almost half a trillion dollars at the central bank -- earning absolutely nothing.
Matthew Piepenburg: Comex is rigged against gold but reset won't be
Submitted by admin on Thu, 2021-05-27 17:10 Section: Daily Dispatches5:08p ET Thursday, May 27, 2021
Dear Friend of GATA and Gold:
At King World News, Matthew Piepenburg of Matterhorn Asset Management in Switzerland writes that the Comex gold market is rigged for price suppression but that gold will be part of the international currency reset just ahead.
Piepenburg's essay is headlined "Yes, the Comex Is Rigged to Keep the Price of Gold Artificially Low. I Know. I Was There" and it's posted at KWN here:
Bolivia's central bank will buy domestically mined gold
Submitted by admin on Thu, 2021-05-27 16:56 Section: Daily DispatchesA rich country perhaps insisting a little less on being poor.
* * *
By Ben Margulies
Central Banking, London
Thursday, May 27, 2021
The Bolivian state mining company Comibol announced the country's central bank had signed a three-year contract on May 19 to purchase gold from it.
Crypto vs. gold debate rages on Wall Street as flows reverse
Submitted by admin on Thu, 2021-05-27 16:37 Section: Daily DispatchesBy Lynn Thomasson and Cecile Gutscher
Bloomberg News
Thursday, May 27, 2021
Gold is back with a vengeance this month just as the crypto rally falls apart, refueling the Wall Street debate over the link between the two putative hedging assets.
Bullion funds have seen the biggest two weeks of inflows since October and prices are edging closer to $1,900 an ounce.
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Alasdair Macleod: Suffering a sea change
Submitted by admin on Thu, 2021-05-27 12:26 Section: Daily DispatchesBy Alasdair Macleod
GoldMoney, St. Helier, Jersey, Channel Islands
Thursday, May 27, 2021
There is an established theoretical relationship between bonds and equities tha provides a framework for the future performance of financial assets. It would be a mistake to ignore it, ahead of the forthcoming rise in global interest rates.
Price inflation is roaring, and so far central banks are in denial. But it is increasingly difficult to see how monetary policy planners can extend the suppression of interest rates much longer. There can be only one outcome.
Incrementum's 2021 'In Gold We Trust' report: Monetary Climate Change
Submitted by admin on Thu, 2021-05-27 11:48 Section: Daily DispatchesFrom Incrementum AG
via Cision / PR Newswire
Thursday, May 27, 2021
SCHAAN, Liechtenstein, and VIENNA -- On May 27, 2021, this year's "In Gold We Trust" report was presented at an international press conference, broadcast live on the Internet. The authors of the report are fund managers Ronald-Peter Stoeferle and Mark Valek from the Liechtenstein-based asset management firm Incrementum AG.
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Swiss gold exports to China explode after coronavirus slump
Submitted by admin on Thu, 2021-05-27 11:40 Section: Daily DispatchesFrom Reuters
Thursday, May 27, 2021
LONDON -- Swiss exports of gold to mainland China surged in April to their highest since December 2019, customs data showed today, as demand for gold in the world's biggest bullion-consuming nation rebounded from a slump during the coronavirus pandemic.
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USA Gold: Coins and Bullion Since 1973
Ronan Manly: Russia lines up new gold buying through its sovereign wealth fund
Submitted by admin on Wed, 2021-05-26 21:49 Section: Daily DispatchesBy Ronan Manly
Bullion Star, Singapore
Wednesday, May 26, 2021
In a significant and strategic development for monetary metals, the government of the Russian Federation has just introduced legislation that will allow Russia's giant National Wealth Fund to invest in gold and other precious metals. The fund is Russia's de-facto sovereign wealth fund, and has assets of US$185 billion.
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