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Daily Dispatches
IMF, 10 countries simulate cyberattack on world financial system
Submitted by admin on Fri, 2021-12-10 23:29 Section: Daily DispatchesBy Steven Scheer
Reuters
Thursday, December 8, 2021
JERUSALEM -- Israel today led a 10-country simulation of a major cyberattack on the global financial system in an attempt to increase cooperation that could help to minimise any potential damage to financial markets and banks.
The simulated "war game," as Israel's Finance Ministry called it and planned over the past year, evolved over 10 days, with sensitive data emerging on the Dark Web. The simulation also used fake news reports that in the scenario caused chaos in global markets and a run on banks.
Taking delivery of Comex silver becomes a comic odyssey
Submitted by admin on Fri, 2021-12-10 22:24 Section: Daily Dispatches10:22p ET Friday, December 10, 2021
Dear Friend of GATA and Gold:
Rob Kientz of GoldSilverPros has produced a short documentary on the extreme and comic difficulty encountered by one investor undertaking an experiment of taking delivery of a single silver futures contract from the New York Commodities Exchange.
The difficulty seems to arise more from the broker being used than from the exchange itself. But the broker seems to have been advertising its ability to deliver real metal for silver contract buyers when the broker actually had never done it before.
Eric Sprott reflects on a difficult year for monetary metals; Maguire sees 'Basel 3' kicking in
Submitted by admin on Fri, 2021-12-10 21:28 Section: Daily Dispatches9:30p ET Friday, December 10, 2021
Dear Friend of GATA and Gold:
Mining entrepreneur Eric Sprott this week spent 45 minutes with Craig Hemke for Sprott Money News, discussing the counterintuitive performance of the gold and silver markets this year amid the determination of the banking industry to keep monetary metals prices down.
Biden team seeks to downplay Friday's inflation data ahead of release
Submitted by admin on Thu, 2021-12-09 19:52 Section: Daily DispatchesBy Justin Sink and Josh Wingrove
Bloomberg News
Thursday, December 9, 2021
White House economic adviser Brian Deese said today November's inflation report won't account for recent declines in the cost of energy and commodities, an effort by the Biden administration to downplay data that is sure to show a surge in consumer prices.
Deese said that the Consumer Price Index report to be released Friday is "backward looking" and won't capture "recent price movements" in gasoline and natural gas prices, as well as declines in shipping costs and commodities.
Kinross shares plunge on Great Bear bid, so now Barrick may bid for Kinross
Submitted by admin on Thu, 2021-12-09 19:25 Section: Daily DispatchesKinross on Defensive after $1.8-Billion Bid for Red Lake Gold Development Company Great Bear
By Niall McGee
The Globe and Mail, Toronto
Thursday, December 9, 2021
Kinross Gold Corp.'s planned acquisition of Great Bear Resources Ltd. has landed with a thud, over widespread concern from investors that it may be overpaying for a development company with no gold reserves, and could even be opening itself up to a hostile takeover.
Alasdair Macleod: Interest rates, money supply, and GDP
Submitted by admin on Thu, 2021-12-09 16:57 Section: Daily DispatchesBy Alasdair Macleod
GoldMoney, Toronto
Thursday, December 9, 2021
That the world is on the edge of a monetary and economic cliff is becoming increasingly obvious. And becoming more obviously permanent than transient, price inflation will almost certainly lead to rising interest rates.
Rising bond yields, falling equity markets and debt-triggered insolvencies will naturally follow.
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Gold is 'shockingly stable' because nobody respectable dares to ask why
Submitted by admin on Thu, 2021-12-09 14:08 Section: Daily Dispatches2:10p ET Thursday, December 9, 2021
Dear Friend of GATA and Gold:
Over at Kitco, where the timid interview the oblivious, Anna Golubova gets fund manager Jeffrey Gundlach to remark that gold has been "shockingly stable" and "boring" this year despite rampant inflation and geopolitical turmoil:
Looking in wrong place, Nieuwenhuijs can't find Comex gold price suppression
Submitted by admin on Thu, 2021-12-09 10:59 Section: Daily Dispatches11:17a ET Thursday, December 9, 2021
Dear Friend of GATA and Gold:
Gold researcher Jan Nieuwenhuijs writes today that he can't find any evidence that gold futures contracts on the New York Commodities Exchange are being used to suppress the price of the monetary metal. After reviewing the contract trading data, he invites readers to provide contrary evidence.
His analysis is headlined "Is the Gold Price Suppressed on the Comex Futures Exchange?" and it's posted at his internet site, The Gold Observer, here:
Kinross and Barrick bidding for Great Bear, Globe and Mail says
Submitted by admin on Wed, 2021-12-08 22:57 Section: Daily DispatchesBy Niall McGee
The Globe and Mail, Torotno
Wednesday, December 8, 2021
Kinross Gold Corp. is close to announcing the acquisition of Northern Ontario gold development company Great Bear Resources Ltd., two sources familiar with the situation said.
Ronan Manly: Irish central bank raises doubt about its gold reserves
Submitted by admin on Mon, 2021-12-06 22:09 Section: Daily Dispatches10:06p ET Monday, December 6, 2021
Dear Friend of GATA and Gold:
Bullion Star researcher Ronan Manly tonight reviews the Irish central bank's habitual secrecy about its gold reserves even after its recent increase of those reserves by a third.
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