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Daily Dispatches

USAGold's June 'News & Views' letter sees 'the avalanche of history'

Section: Daily Dispatches

12:32p Wednesday, June 1, 2022

Dear Friend of GATA and Gold:

USAGold's "News & Views" letter for June carries many brief excerpts from analysts who are seeing "regime change" in the markets as inflation rages and the Federal Reserve contemplates tightening the money supply.

The June edition is headlined "The Avalance of History" and it's posted at USAGold here:

https://www.usagold.com/nv1042june2022/

Metals' fundamentals subverted by price controllers, GATA chairman tells GoldSeek Radio

Section: Daily Dispatches

10:35p Tuesday, May 31, 2022

Dear Friend of GATA and Gold:

GATA Chairman Bill Murphy, interviewed by GoldSeek Radio's Chris Waltzek, says that despite bullish fundamentals, nothing matters to gold and silver prices at the moment except what the price controllers -- the U.S. government and its agent bullion banks -- can get away with. The interview is 17 minutes long and can be heard at GoldSeek here:

South Africa's Gold Fields to buy Yamana Gold in $6.7 billion deal

Section: Daily Dispatches

From Reuters
via CNBC, New York
Tuesday, May 31, 2022

South African miner Gold Fields today agreed to buy Canada-based precious metals miner Yamana Gold in an all-share deal, valuing the Toronto-listed company at $6.7 billion.

Gold Fields said its shareholders will own about 61% of the combined group, while Yamana Gold shareholders will own around 39% after the deal completes.

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Federal Reserve carrying $330 billion in unrealized losses on its assets

Section: Daily Dispatches

By Howard Schneider
Reuters
Friday, May 27, 2022

WASHINGTON -- The U.S. Federal Reserve is carrying $330 billion in unrealized losses on its holdings of U.S. Treasury and mortgage-backed securities as of the end of March, according to newly released financial statements showing the impact of rising interest rates on the market value of the Fed's balance sheet.

The central bank's holdings of nearly $9 trillion in assets still allowed the Fed to remit $32.2 billion to the U.S. Treasury in the first quarter of 2022, according to the documents.

When buying gold or silver, consider the dealers who support GATA

Section: Daily Dispatches

12:04p Monday, May 30, 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. 

Mining journalist, gold and silver advocate David Bond passes

Section: Daily Dispatches

11:55a Monday, May 30, 2022

Dear Friend of GATA and Gold:

We should have taken note of the passing of monetary metals advocate and mining journalism David Bond of Wallace, Idaho, whose work often was publicized by GATA, but did not become aware of it until we went looking for him today.

His work was appreciated and he will be remembered for it.

A news obituary from the Coeur d'Alene Press from February 2020 can be found here:

Tennessee governor signs full repeal of sales taxes on gold and silver

Section: Daily Dispatches

From Money Metals News Service
Eagle, Idaho
Sunday, May 29, 2022

NASHVILLE, Tennessee -- With Gov. Bill Lee's signature on Friday, Tennessee has officially become the 42nd state to remove sales taxes from constitutional sound money -- gold and silver.

Tennessee's House Bill 1874 and Senate Bill 1857, introduced by Rep. Bud Hulsey and Sen. Frank Niceley, passed both chambers of the Tennessee legislature overwhelmingly last month and took effect immediately upon the governor's signature at the start of Memorial Day weekend.

German inflation rises to record 8.7% as food and energy prices jump

Section: Daily Dispatches

By Martin Arnold
Financial Times, London
Monday, May 30, 2022

German inflation rose by more than expected to a new record of 8.7% in May, driven by soaring energy and food prices, increasing pressure on the European Central Bank to raise interest rates faster than planned.

The annual increase in the harmonised index of consumer prices in Germany was up from 7.8% in the previous month and higher than the 8% expected by economists, according to a Reuters poll.

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Ronan Manly: Czech Republic to join Visegrád Group allies in Central European gold rush

Section: Daily Dispatches

By Ronan Manly
Bullion Star, Singapore
Saturday, May 28, 2022

It was almost inevitable that the Czech Republic would buy more gold.

With all of its regional neighbours having recently either repatriated large quantities of gold (Germany and Austria) or bought large quantities of gold (Poland and Hungary), it seems that the Czech Republic has now taken note and does not want to be left out of this Central European gold rush.

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In 'Live From The Vault,' Andrew Maguire interviews Bill Holter

Section: Daily Dispatches

7:55a ET Saturday, May 28, 2022

Dear Friend of GATA and Gold:

Kinesis Money's "Live From The Vault" program this week consists of a discussion between London bullion trader Andrew Maguire and financial analyst and GATA supporter Bill Holter, who argues that silver is the fuse that can excplode the Western financial derivatives system.

The interview is 40 minutes long and can be viewed at YouTube here:

https://www.youtube.com/watch?v=5s4Huoznugo

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