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Daily Dispatches
GATA Chairman Murphy joins many GATA favorites at Silver Fest III Nov. 12
Submitted by admin on Mon, 2022-11-07 20:19 Section: Daily Dispatches8:10p ET Monday, November 7, 2022
Dear Friend of GATA and Gold:
GATA Chairman Bill Murphy and many monetary metals expert friends of GATA will speak this Saturday, November 12, at the Silver Fest III internet conference sponsored by Chris Marcus of Arcadia Economics.
Attendance will be free with simple registration.
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Ed Steer's Gold and Silver Digest weekend edition posted at SilverSeek
Submitted by admin on Mon, 2022-11-07 19:22 Section: Daily Dispatches7:18p ET Monday, November 6, 2022
Dear Friend of GATA and Gold:
The weekend edition of GATA board member Ed Steer's Gold and Silver Digest letter, headlined "Gold and Silver Explode Higher in New York," is posted in the clear tonight at GoldSeek's companion site, SilverSeek, here:
https://silverseek.com/article/gold-silver-explode-higher-new-york
Ambrose Evans-Pritchard: Gold may get its revenge on fiat paper
Submitted by admin on Mon, 2022-11-07 09:37 Section: Daily DispatchesWe may thank Jan Nieuwenhuijs -- https://gata.org/node/22267 -- for helping gold revaluation break into the mainstream financial news commentary below.
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The West's Beancounters Are Guilty of a Great White Lie
By Ambrose Evans-Pritchard
The Telegraph, London
Monday, November 7, 2022
Gold Fields will not make counter-bid for Yamana Gold
Submitted by admin on Mon, 2022-11-07 09:20 Section: Daily DispatchesBy Helen Reid
Reuters
Monday, November 7, 2022
JOHANNESBURG -- The board of South Africa's Gold Fields will not change its offer for Yamana Gold after a surprise rival bid from Agnico Eagle and Pan American, it said on today.
Gold Fields' decision reflects "commitment to capital discipline" and to fairness for shareholders in Gold Fields and Yamana, the South Africa-listed miner said today.
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Craig Hemke at Sprott Money: Watch the Comex silver vaults
Submitted by admin on Sun, 2022-11-06 19:06 Section: Daily Dispatches7:06p ET Sunday, November 6, 2022
Dear Friend of GATA and Gold:
Declining silver vault inventories, the TF Metals Report's Craig Hemke writes this week at Sprott Money, could actually mean something for the price of the metal this time.
Ronan Manly: This week's central bank gold data from World Gold Council was just made up
Submitted by admin on Fri, 2022-11-04 21:37 Section: Daily Dispatches9:39p ET Friday, November 4, 2022
Dear Friend of GATA and Gold:
Bullion Star gold market analyst Ronan Manly reveals tonight that most of the record gold buying by central banks that was reported this week by the World Gold Council cannot be documented or even reliably attributed. Rather, Manly finds, almost 78% of the central bank gold buying claimed by the gold council is just the estimate of a mysterious council consultant, unsupported by any official data.
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Gold Fields target Yamana catches eyes of Agnico Eagle and Pan American
Submitted by admin on Fri, 2022-11-04 18:31 Section: Daily DispatchesBy Helen Reid and Mrinalika Roy
Reuters
Friday, November 4, 2022
Agnico Eagle Mines Ltd.and Pan American Silver Corp swooped in Friday with a joint bid for Yamana Gold in an attempt to scupper Gold Fields' planned acquisition of the Canada-listed gold miner.
The cash and stock offer, valuing Yamana at around $4.8 billion, would see Agnico and Pan American split Yamana's mines between them. Yamana shareholders would receive $1.0406 in cash, 0.0376 of an Agnico Share, and 0.1598 of a Pan American Share for each share held.
Mystery whales baffle gold market after central bank purchases
Submitted by admin on Thu, 2022-11-03 11:43 Section: Daily DispatchesBy Eddie Spence
Bloomberg News
via Yahoo News, Sunnyvale, California
Thursday, November 3, 2022
A normally dry research report jolted the gold market this week, when it pointed to massive but so far unidentified sovereign buyers.
Central banks bought 399 tons of bullion in the third quarter, almost double the previous record, according to the World Gold Council. Just under a quarter went to publicly identified institutions, stoking speculation about mystery buyers.
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Alasdair Macleod: The Great Unwind, II
Submitted by admin on Thu, 2022-11-03 10:23 Section: Daily DispatchesBy Alasdair Macleod
GoldMoney, Toronto
Thursday, November 3, 2022
With price inflation rising out of control and interest rates rising strongly, the trading environment for commercial banks has fundamentally changed. With bad debts looming and bond prices in entrenched downtrends, procrastination is now the enemy of bankers.
We are at the beginning of The Great Unwind, and this article elaborates on my first article for Goldmoney on the subject, published here:
Ambrose Evans-Pritchard: Europe's next debt crisis is only starting, tearing north and south apart
Submitted by admin on Wed, 2022-11-02 12:23 Section: Daily DispatchesBy Ambrose Evans-Pritchard
The Telegraph, London
Wednesday, November 2, 2022
The eurozone credit crunch has begun in earnest. Lending conditions across the currency bloc are the tightest since late 2012, when the region was still crippled by the sovereign debt crisis.
The European Central Bank's lending survey is a leading indicator of what is to come. Both the supply and demand for credit definitively buckled in the third quarter, even if the eurozone economy eked out a last gasp of legacy growth. Lending is deteriorating most rapidly in Italy and Spain.
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