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Daily Dispatches
U.S. suspends some sanctions on Venezuelan oil, gas, and gold
Submitted by admin on Wed, 2023-10-18 19:48 Section: Daily DispatchesBy Eric Martin, Andreina Itriago Acosta, and Fabiola Zerpa
Bloomberg News
Wednesday, October 18, 2023
The United States has suspended some sanctions on Venezuelan oil, gas, and gold production, as well as those imposed on certain trading of the country's bonds, in response to the signing of an electoral roadmap agreement between the government of President Nicolas Maduro and the opposition.
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Court ruling might end naked short selling
Submitted by admin on Wed, 2023-10-18 13:22 Section: Daily DispatchesBy James Stafford
OilPrice.com, London
Monday, October 16, 2023
American investors have been taken for a trillion-dollar ride by naked short sellers, in what could turn out to be the biggest financial regulatory scandal in North American history.
While what is now an all-out war on naked short sellers intensifies, there is a new flashpoint on the front line -- a potentially devastating ruling targeting those who are alleged to make illegal naked short selling possible: the facilitators -- bankers and brokers.
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Malaysian government will revisit use of gold dinar as reserve currency
Submitted by admin on Tue, 2023-10-17 11:18 Section: Daily DispatchesBy Nor Ain Mohamed Radhi and Qistina Sallehuddin
New Straits Times, Kuala Lampur, Malaysia
Tuesday, October 17, 2023
KUALA LUMPUR, Malaysia -- The government will revisit the idea of using the gold dinar as a reserve currency, the Dewan Rakyat [House of Representatives] heard today.
Prime Minister Datuk Seri Anwar Ibrahim said the matter will be discussed during the upcoming meeting on Islamic economics and finance held in December.
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Ronan Manly: JPM traders ravaged metals market but their bank retains dominance there
Submitted by admin on Mon, 2023-10-16 09:46 Section: Daily Dispatches9:48a Monday, October 16, 2023
Dear Friend of GATA and Gold:
Bullion Star's Ronan Manly today reviews the extensive criminal records of JPMorganChase traders in the monetary metals market and then enumerates 11 areas in which the bank retains its dominance of that market.
Brien Lundin: Gaza war won't hold gold up but might force Fed's hand
Submitted by admin on Sat, 2023-10-14 09:58 Section: Daily DispatchesBy Brien Lundin, Editor
Gold Newsletter, Metairie, Louisiana
Friday, October 13, 2023
(Excerpted by permission.)
With Israel preparing to cross into Gaza, no one wants to not own gold going into the weekend.
Safe haven assets are soaring today, but for this rally in gold to hold, we'll need the geopolitical situation to force the Fed's hand.
A $50 day in gold is a rare event, and it's one that obviously has many gold bugs dancing a jig.
Financial system breaking under higher rates, Bill Holter tells 'Live from the Vault'
Submitted by admin on Fri, 2023-10-13 23:29 Section: Daily Dispatches11:36p ET Friday, October 13, 2023
Dear Friend of GATA and Gold:
Monetary metals broker and commentator Bill Holter is this week's guest on Kinesis Money's "Live from the Vault" program with Shane Morand and London metals trader Andrew Maguire.
Holter contends that the West's longstanding scheme to control the world is coming to an end under the pressure of rapidly rising interest rates that are breaking the financial system, along with the prospect of central bank digital currencies.
The interview is 56 minutes long and can be viewed at YouTube here:
Eight Capital's Winston Miles explains why gold's inverse correlation with rates has broken
Submitted by admin on Thu, 2023-10-12 21:32 Section: Daily Dispatches9:33p ET Thursday, October 12, 2023
Dear Friend of GATA and Gold:
The most incisive market letter of the last several months may be the one just issued by Winston Miles, principal and head of institutional equity sales at Eight Capital in Toronto.
Miles' letter explains why the gold price and interest rates lately have broken their traditional inverse correlation, wherein gold falls as rates rise and vice-versa.
Bolivia sold $1 billion in gold this year but remains broke as its bonds collapse
Submitted by admin on Thu, 2023-10-12 13:55 Section: Daily DispatchesWestern gold price suppression policy doesn't seem to bother the government of another resource-rich nation that insists on being poor.
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Bolivia Running Out of Cash After $1 Billion in Gold Sales
By Oliver West
Global Capital, London
Wednesday, October 11, 2023
Bolivia is plunging into a balance of payments crisis amid a continued shortage of dollars, no recent official data on foreign currency reserves, and a hefty fiscal deficit.
Stirring the pot is former President Evo Morales, forced to flee the country in 2019.
Alasdair Macleod: Don't rely on GDP
Submitted by admin on Thu, 2023-10-12 13:27 Section: Daily DispatchesBy Alasdair Macleod
Head of Research, GoldMoney, Toronto
via Schiff Gold, White Plains, New York
Thursday, October 12, 2023
An important error in statistical analysis is that mathematical economists have lost sight of what their beloved statistics represent -- none more so than with gross domestic product.
New details about $20 million Toronto airport gold heist revealed in Brink's suit vs. Air Canada
Submitted by admin on Wed, 2023-10-11 09:35 Section: Daily DispatchesBy Adrian Humphreys
National Post, Toronto
Tuesday, October 10, 2023
The shock Toronto airport heist of $20 million in gold bars -- weighing 400.19 kilograms -- along with US$2 million in cash was as easy as walking into Air Canada's cargo facility, showing a false waybill, and leaving with the enormous haul, according to a lawsuit filed in court.
It was gone 42 minutes after it was unloaded from a plane arriving from Switzerland and transferred to a supposedly secure warehouse on the periphery of Toronto's Pearson airport, according to the statement of claim.
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