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Daily Dispatches
Willem Middelkoop: Central banks and the revival of gold
Submitted by admin on Mon, 2023-12-11 11:33 Section: Daily DispatchesBy Willem Middelkoop
Official Monetary and Financial Issues Forum, London
Monday, December 11, 2023
One of the most significant changes in the world of money has been happening by stealth rather than through any policy announcement. Gold has regained a solid yet unofficial role in the world's monetary system in a barely noticed, gradual process that cannot now be overlooked.
James Hanson: Finding a home for paper gold again
Submitted by admin on Sun, 2023-12-10 08:22 Section: Daily Dispatches8:22a :Sunday, December 10, 2023
Dear Friend of GATA and Gold:
James Hanson, who recently retired as a financial analyst for the U.S. Federal Deposit Insurance Corp., has written an essay showing how U.S. regulators long have been striving to obscure the positions taken in gold derivatives by U.S. banks.
Russia tries to unfreeze gold reserves for climate funds
Submitted by admin on Sat, 2023-12-09 15:03 Section: Daily DispatchesFrom Reuters
Saturday, December 9, 2023
DUBAI -- Russia said today it was looking into whether its frozen gold reserves, taken after Russia invaded Ukraine, could be used to finance the climate damage fund to help developing countries.
In what looked like an attempt to try to fulfil Moscow's aim of doing "everything possible" to stop the West from seizing its frozen reserves, Russia's climate envoy said at the COP28 summit that the move would help to close the gap between developed and developing countries in dealing with climate change.
Chris Martenson: Central banks can rig all markets via U.S. futures
Submitted by admin on Sat, 2023-12-09 14:51 Section: Daily Dispatches2:52p ET Saturday, December 9, 2023
Dear Friend of GATA and Gold:
In a 35-minute video, Peak Prosperity's Chris Martenson explains how central banks can manipulate the prices of all futures contracts in the United States -- commodity, financial, and agricultural -- through the Chicago Mercantile Exchange's "Central Bank Incentive Program," which provides central banks and related institutions with volume trading discounts for trading futures secretly. The CME operates all major futures markets in the United States.
... Dispatch continues below ...
Ted Butler: What happened?
Submitted by admin on Sat, 2023-12-09 08:45 Section: Daily DispatchesBy Ted Butler
SilverSeek.com
Wednesday, December 6, 2023
Of course I'm referring to the wild price ride in gold and silver from Friday's near all-time price high in gold to Sunday evening's initial blast to the upside of as much as $60, to a selloff of $120 and to where gold closed trading yesterday lower by more than $50 from where it closed on Friday.
Silver fared even worse, up barely 50 cents at the price highs Sunday evening, only to finish yesterday down $1.30 from Friday's close (and even lower today).
Scarcity is holding the gold price up, Maguire and Hemke agree on LFTV
Submitted by admin on Fri, 2023-12-08 21:30 Section: Daily Dispatches9:30p ET Friday, December 8, 2023
Dear Friend of GATA and Gold:
In Kinesis Money's "Live from the Vault" program this week, London metals trader Andrew Maguire and financial letter writer Craig Hemke agree that scarcity of real metal is supporting and will continue to support the price of gold as the derivatives fraud of the commodity futures market comes apart.
Possession of physical gold and avoidance of "paper" gold are crucial, they agree.
Hemke says some banks and other market participants now are in a position to benefit from a higher gold price.
Watch the New Orleans conference at home and help GATA too
Submitted by admin on Fri, 2023-12-08 21:27 Section: Daily Dispatches9:24p ET Friday, December 8, 2023
Dear Friend of GATA and Gold:
You missed a lot if you didn't attend the New Orleans Investment Conference last month -- a great city renovating itself, wonderful restaurants, refreshing weather, people who make hospitality a way of life, and, of course, financial commentary from some great minds. (Oh, well, GATA's too.)
Financial Times sneers at monetary gold while touting old jewelry
Submitted by admin on Fri, 2023-12-08 18:04 Section: Daily Dispatches6:08p ET Friday, December 8, 2023
Dear Friend of GATA and Gold:
Count on the Financial Times to disparage gold and its advocates even when the newspaper is forced by price action to acknowledge that readers might have some interest in the monetary metal.
Today's anti-gold propaganda in the FT posing as an argument for a very limited form of gold ownership comes from Stuart Kirk, who is identified as a former portfolio manager. In an essay titled "The Best Way to Invest in Gold" --
Robert Lambourne: BIS gold swaps rose 47% to 100 tonnes in November
Submitted by admin on Fri, 2023-12-08 14:45 Section: Daily DispatchesBy Robert Lambourne
Friday, December 8, 2023
Trading in gold swaps by the Bank for International Settlements, the central bank of the central banks, continued in November. From information in the BIS statement of account for the month, published recently —
https://www.bis.org/banking/balsheet/statofacc231130.pdf
— it is estimated that the volume of the bank’s gold swaps increased in the month by 32 tonnes, from 68 to 100 tonnes, up 47%.
Craig Hemke at Sprott Money: Just another bullion bank intervention
Submitted by admin on Thu, 2023-12-07 12:16 Section: Daily DispatchesBy Craig Hemke
Sprott Money, Toronto
Wednesday, December 6, 2023
In 13 years of monitoring the precious metals, I have seen countless interventions and manipulations in the gold market. Some are obvious and overt, but most are subtle and missed or overlooked by traders and investors.
What you just saw on Sunday, December 3, was definitely not an intervention of the subtle variety. ...
... For the remainder of the analysis:
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