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Daily Dispatches
Alasdair Macleod: A perfect storm in banking is brewing
Submitted by admin on Thu, 2022-06-16 11:00 Section: Daily DispatchesBy Alasdair Macleod
GoldMoney, Toronto
Thursday, June 16, 2022
Now that interest rates are rising with much further to go, the global banking system faces a crisis on a scale like no other in history. Central banks loaded with financial securities acquired through quantitative easing face growing losses, and their balance sheet liabilities are now significantly greater than their assets -- a condition that in the private sector is termed bankruptcy. They will need to be recapitalised urgently to retain credibility.
Yikes! Gold and silver market rigging gets acknowledged at PDAC
Submitted by admin on Wed, 2022-06-15 23:49 Section: Daily Dispatches11:55p ET Wednesday, June 15, 2022
Dear Friend of GATA and Gold:
With the Prospectors and Developers Association of Canada resuming its annual convention in Toronto this week, First Majestic Silver CEO Keith Neumeyer tells Stansberry Research's Daniela Cambone that he sponsored a reception for silver mining executives and investors in part because he wanted them to discuss market manipulation and maybe even try to do something about it.
Kinross Gold sells off Russian mines but at half the agreed price
Submitted by admin on Wed, 2022-06-15 21:41 Section: Daily DispatchesBy Barbara Shecter
National Post, Toronto
Wednesday, June 15, 2022
Kinross Gold Corp. has sold all its Russian assets to the Highland Gold Mining group of companies, but the Canadian miner will realize just half the $680 million in proceeds agreed to in April, following a review by the recently formed Russian Sub-commission on the Control of Foreign Investments.
The Russian sub-commission "approved this transaction for a purchase price not exceeding $340 million," Kinross said in a statement today.
... Dispatch continues below ...
When buying gold or silver, consider the dealers who support GATA
Submitted by admin on Wed, 2022-06-15 21:36 Section: Daily Dispatches9:35p Wednesday, June 15, 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.
Robert Lambourne: BIS gold swaps fell substantially again in May
Submitted by admin on Tue, 2022-06-14 12:15 Section: Daily DispatchesBy Robert Lambourne
Tuesday, June 14, 2022
Another substantial reduction in the gold swaps of the Bank for International Settlements is indicated by the bank's statement of account for May:
Crypto firms Celsius, Binance halt withdrawals as bitcoin plummets
Submitted by admin on Mon, 2022-06-13 10:42 Section: Daily DispatchesBy Karl Evers-Hillstrom
The Hill, Washington
Monday, June 13, 2022
Cryptocurrency companies today blocked users from withdrawing funds as the value of bitcoin and other prominent digital assets plunged.
Crypto lending company Celsius Network announced late Sunday night that it would freeze all withdrawals and transfers due to "extreme market conditions." The move sparked an enormous selloff, with the price of bitcoin falling 12% to its lowest level since December 2020.
... Dispatch continues below ...
Huge selloff rocks Treasury markets, inverting yield curve
Submitted by admin on Mon, 2022-06-13 10:28 Section: Daily DispatchesBy Yoruk Bahceli and Sujata Rao
Reuters
Monday, June 13, 2022
U.S. two-year Treasury yields rose above 10-year borrowing costs today -- the so-called curve inversion that often heralds economic recession -- on expectations interest rates may rise faster and further than anticipated.
Fears the U.S. Federal Reserve could opt for an even larger rate hike than anticipated this week to contain inflation sent two-year yields to their highest levels since 2007.
But a view is also playing out that aggressive rate hikes may tip the economy into recession. ...
Having left Kitco for Stansberry, Cambone can abide mention of gold market rigging
Submitted by admin on Sat, 2022-06-11 08:46 Section: Daily Dispatches8:56a ET Saturday, June 11, 2022
Dear Friend of GATA and Gold:
Daniela Cambone couldn't address gold market manipulation when she was doing interviews for Kitco News, and her successors there still can't, but this week, now that she is at Stansberry Research, she got around to it during an interview in Zurich with Commodity Discovery Fund manager and financial author Willem Middlekoop.
Grandich, Maguire salute GATA, see gold displacing dollar
Submitted by admin on Fri, 2022-06-10 21:48 Section: Daily Dispatches9:49p ET Friday, June 10, 2022
Dear Friend of GATA and Gold:
Financial analyst Peter Grandich is the guest of London metals trader Andrew Maguire on this week's "Live from the Vault" program from Kinesis Money, and they salute GATA's work exposing gold market manipulation.
Grandich believes that the U.S. government's weaponization of the dollar against Russia and other adversaries marks the beginning of the end of the dollar as the world reserve currency, leading to gold's ascent. Maguire envisions Russia and China increasingly monetizing gold.
When buying gold or silver, consider the dealers who support GATA
Submitted by admin on Fri, 2022-06-10 16:27 Section: Daily Dispatches4:22p Friday, June 10, 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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