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Daily Dispatches

Silver will reach $50 this year, Steer says, but what will governments do then?

Section: Daily Dispatches

8:14p ET Wednesday, October 23, 2024

Dear Friend of GATA and Gold:

Interviewed by Liberty and Finance's Dunagun Kaiser, GATA board member Ed Steer, publisher of Ed Steer's Gold and Silver Digest, explains why he thinks silver will reach $50 by the end of the year, breaking free of government price-suppression policy.

Dollar-dumping BRICs attendees must bring plenty of them to Kazan

Section: Daily Dispatches

By Huileng Tan
Business Insider, New York
Wednesday, October 23, 2024

Russian President Vladimir Putin is hosting a major summit with more than 20 world leaders whom he's trying to convince to ditch the dollar.

De-dollarization is one of Putin's priorities because trading in local currencies would mean that a heavily sanctioned Russia wouldn't be beholden to the Western U.S.-dollar-dominated global financial order.

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Gold and silver bull builds excitement for 50th anniversary New Orleans conference

Section: Daily Dispatches

Join GATA there but act soon. The conference's room block at the conference hotel, the Hilton New Orleans Riverside, closes this Friday, October 25.

* * *

By Brien Lundin
Gold Newsletter and New Orleans Investment Conference
Metairie, Louisiana
Thursday, October 3, 2024

We're in the final stages of preparing our agenda for this year's blockbuster 50th anniversary New Orleans Investment Conference, and I'm excited about the surprises we'll have in store for you.

Jan Nieuwenhuijs: A major shift as Western investors start buying gold

Section: Daily Dispatches

By Jan Nieuwenhuijs
Money Metals Exchange, Eagle, Idaho
Tuesday, October 22, 2024

In the past two years the East has been responsible for a momentous move upward in the gold price, decoupling it from the West's pricing model. But Western investors have taken back the baton and have been driving gold higher since June 2024.

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Clint Siegner: Regulators won't stop big bank malfeasance

Section: Daily Dispatches

By Clint Siegner
Money Metals Exchange, Eagle, Idaho
Monday, October 21, 2024

TD Bank just made headlines for pleading guilty to the crime of money laundering and a variety of other charges. 

Bankers there provided services to despicable people who needed a way to recycle the cash proceeds acquired by selling everything from drugs to children.

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James Turk says $50+ silver is days or weeks away, not months

Section: Daily Dispatches

From King World News
Sunday, October 20, 2024

Today GoldMoney founder James Turk warned King World News that $50 silver is days or weeks away, not months.

"You know what I find noteworthy about all these record highs in gold, Eric? It's the lack of excitement normally seen at bull market tops.

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World's $100 trillion fiscal timebomb keeps ticking

Section: Daily Dispatches

By Craig Stirling
Bloomberg News
Saturday, October 19, 2024

Even before global finance chiefs fly into Washington over the next few days, they’ve been urged in advance by the International Monetary Fund to tighten their belts.

Two weeks ahead of a potentially era-defining U.S. election, and with the world's recent inflation crisis barely behind it, ministers and central bankers gathering in the nation's capital face intensifying calls to get their fiscal houses in order while they still can.

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Hong Kong will boost gold trading, financial secretary says

Section: Daily Dispatches

By Jeanny Yu
Bloomberg News
Sunday, October 20, 2024

Hong Kong will roll out several measures with the aim of becoming an international trading center for gold and other commodities, Financial Secretary Paul Chan wrote in his blog today.

Policymakers plan to increase gold inventory facilities and accelerate the development of related businesses, such as trading, insurance and logistics, according to Chan. The city’s government will also expand gold-related derivatives trading to satisfy mortgage and hedging needs. ...

Gold researcher Jan Nieuwenhuijs says central banks hide much about gold

Section: Daily Dispatches

7:30p ET Saturday, October 19, 2024

Dear Friend of GATA and Gold:

Gold researcher Jan Nieuwenhuijs has given Mike Maharrey of Money Metals Exchange an interview about his study of the involvement of central banks with gold and particularly the involvement of the People's Bank of China. Like GATA, Nieuwenhuijs has concluded that there is much about their involvement with gold that central banks don't want the public and the markets to see.

Physical demand is overwhelming silver derivatives, Maguire tells LFTV

Section: Daily Dispatches

11:57a ET Saturday, October 19, 2024

Dear Friend of GATA and Gold:

London metals trader Andrew Maguire, appearing on Kinesis Money's "Live from the Vault" program with Shane Morand, says physical demand now is overwhelming derivatives trading in silver, just as it has done in gold, and he expects a similarly explosive rise in silver's price soon.

The program is 49 minutes long and can be viewed at YouTube here:

https://www.youtube.com/watch?v=gb4qn6CZI8Q

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