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Daily Dispatches

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

Section: Daily Dispatches

1110p ET Tuesday, July 26, 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 please join GATA there

Section: Daily Dispatches

GATA 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

https://goldnewsletter.com/

As a serious investor, you’re well aware of the unique challenges presented by today’s markets.

Craig Hemke at Sprott Money: Putting the stag in stagflation

Section: Daily Dispatches

10:56p ET Tuesday, July 26, 2022

Dear Friend of GATA and Gold:

The TF Metals Report's Craig Hemke, writing tonight at Sprott Money, looks at bond prices and concludes that the Federal Reserve will have to stop raising interest rates long before they come close to the official inflation rate. That, Hemke concludes, means stagflation and resumption of uptrends for gold and silver.

Hemke's analysis is headlined "Putting the Stag in Staflation" and it's posted at Sprott Money here:

But what if those risky positions on JPMorgan's books are really the U.S. government's?

Section: Daily Dispatches

Federal Data Show JPMorgan Chase Is, By Far, the Riskiest Bank in the U.S.

By Pam and Russ Martens
Wall Street on Parade
Tuesday, July 26, 2022

The long-tenured Chairman and CEO of JPMorgan Chase, Jamie Dimon, likes to use the phrase "fortress balance sheet" when talking about his bank to Congress or shareholders. But the data stored at its federal regulators show that the bank is, by far, the most systemically dangerous bank in the United States. 

Zimbabwe goes for the gold (coins) to fight high inflation

Section: Daily Dispatches

By Lesley Wroughton
The Washington Post
Monday, July 25, 2022

With inflation soaring in Zimbabwe and the country’s currency in free fall as people abandon it for the U.S. dollar, the government of President Emmerson Mnangagwa is fighting back with a novel strategy: gold coins.

Stansberry's Cambone confesses: Gold market rigging was prohibited subject

Section: Daily Dispatches

9:35a ET Saturday, July 23, 2022

Dear Friend of GATA and Gold:

This week's Stansberry Research interview by Daniela Cambone of Mark Yaxley of bullion dealer Strategic Wealth Preservation is far more notable for what Cambone herself says than for anything said by Yaxley.

Cambone notes that lately much news has been produced by the trial of former JPMorgan Chase gold and silver traders on federal charges of market rigging. Then she tells Yaxley: 

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

Section: Daily Dispatches

9:15a ET Saturday, July 23, 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 please join GATA there

Section: Daily Dispatches

GATA 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.

* * *

By Brien Lundin
Editor, Gold Newsletter
CEO, New Orleans Investment Conference
Wednesday, July 20, 2022

https://goldnewsletter.com/

As a serious investor, you’re well aware of the unique challenges presented by today’s markets.

Zimbabwe central bank announces gold coin purchase protocol

Section: Daily Dispatches

By Mthandazo Nyoni
NewsDay,Harare, Zimbabwe
Tuesday, July 19, 2022

The Reserve Bank of Zimbabwe has released guidelines for the purchase of the Mosi-oa-Tunya gold coin, set to hit the streets next Monday.

The guidelines will prohibit banks from buying the gold coins for their own portfolios, unless permitted by the central bank.

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Patrick Heller: Is gold's price manipulated?

Section: Daily Dispatches

By 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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