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Daily Dispatches
Chinese, Saudi central banks sign currency swap worth $7 billion
Submitted by admin on Mon, 2023-11-20 11:40 Section: Daily DispatchesFahad Abuljadayel and Yujing Liu
Bloomberg News
via Yahoo News, Sunnyvale, California
Monday, November 20, 2023
China and Saudi Arabia have signed a local-currency swap agreement worth around $7 billion, deepening their ties as countries across the Middle East look to shift more of their non-oil trade away from the dollar.
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India's October gold imports surge to 31-month high
Submitted by admin on Mon, 2023-11-20 09:55 Section: Daily DispatchesBy Rajendra Jadhav
Reuters
via Nasdaq.com, New York
Monday, November 20, 2023
MUMBAI -- India's October gold imports surged 60% from a year earlier to a 31-month high as a drop in prices ahead of a key festival prompted jewellers to ramp up purchases, a government source said today.
Higher imports by the world's second-biggest bullion consumer could support benchmark gold prices but also may widen India's trade deficit and put pressure on the ailing rupee.
New York Sun: A radical libertarian triumphs in a country whose name means money
Submitted by admin on Mon, 2023-11-20 09:32 Section: Daily DispatchesFrom the New York Sun
Monday, November 20, 2023
What a moment for the country whose name means money.
The victory in the Argentina presidential elections of the radical free-market libertarian Javier Milei certainly puts a spanner into whatever gears are turning Latin America to the left. The leftist economic minister, Sergio Massa, a Perónist, conceded defeat in the runoff even before the official account was released -- opening the way for the populist Javier Milei.
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Argentina elects 'shock therapy' libertarian Javier Milei as president
Submitted by admin on Sun, 2023-11-19 20:23 Section: Daily DispatchesGoodbye, slavery to Argentina's central bank. Hello, slavery to the Federal Reserve.
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By Nicolas Misculin, Lucinda Elliott, and Walter Bianchi
Sunday, November 19, 2023
BUENOS AIRES -- Argentina elected right-wing libertarian Javier Milei as its new president today, rolling the dice on an outsider with radical views to fix an economy battered by triple-digit inflation, a looming recession, and rising poverty.
Gold revaluation coming early in 2024, Maguire tells 'Live from the Vault'
Submitted by admin on Fri, 2023-11-17 21:29 Section: Daily Dispatches9:28p ET Friday, November 17, 2023
Dear Friend of GATA and Gold:
Jan Nieuwenhuijs: Dutch central bank admits preparing for a new gold standard
Submitted by admin on Fri, 2023-11-17 18:09 Section: Daily Dispatches6:09p ET Friday, November 17, 2023
Dear Friend of GATA and Gold:
Gold researcher Jan Nieuwenhuis today reports more evidence that the Netherlands central bank has structured its gold reserves to accommodate a return to a gold standard.
Nieuwenhuijs' report is headlined "Dutch Central Bank Admits It Has Prepared for a New Gold Standard" and it's posted at the Gainesville Coins internet site here:
Ted Butler: An answer long overdue about double-counting in silver
Submitted by admin on Thu, 2023-11-16 23:08 Section: Daily Dispatches11:08p ET Thursday, November 16, 2023
Dear Friend of GATA and Gold:
Silver market analyst Ted Butler today questions whether there is double-counting in major silver inventories as there long has been with gold reserves at central banks that lease their reserves.
Butler writes: "The issue revolves around the 103 million ounces listed as being held for the I-Shares silver trust (SLV) by the trust's custodian, JPMorgan, in New York and the 134 million ounces held in the JPMorgan Comex warehouse.
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Alasdair Macleod: Is gold about to take off?
Submitted by admin on Thu, 2023-11-16 11:11 Section: Daily DispatchesBy Alasdair Macleod
Head of Research, GoldMoney, Toronto
via Schiff Gold, White Plains, New York
Thursday, November 16, 2023
The technical position for gold is looking very positive for higher prices. But technical analysis should be backed by fundamentals.
Watch the New Orleans conference at home while helping GATA too
Submitted by admin on Wed, 2023-11-15 16:30 Section: Daily Dispatches4:31p ET Wednesday, November 15, 2023
Dear Friend of GATA and Gold:
You missed a lot if you didn't attend the New Orleans Investment Conference this 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.)
Bullion Star infographic dramatically illustrates gold price suppression by U.S.
Submitted by admin on Wed, 2023-11-15 13:14 Section: Daily DispatchesFrom Bullion Star, Singapore
Wednesday, November 15, 2023
As the world's preeminent money, now and throughout history, gold is seen by governments and monetary authorities as strategically critical and often a matter of national security.
Not least in the United States, where although the U.S. government and U.S. banks downplay gold, it is precisely because they are terrified of gold's rise that these entities are heavily involved in the gold market in a nefarious manner.
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