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Daily Dispatches
Mike Maharrey: Support sound money by reviving gold clause contracts
Submitted by admin on Sun, 2024-07-28 11:47 Section: Daily DispatchesBy Mike Maharrey
Money Metals Exchange, Eagle, Idaho
Friday, July 26, 2024
One of the ways the government maintains its fiat money system is by throwing up legal and regulatory roadblocks to those wanting to use real money such as gold and silver. Reviving the use of gold clause contracts removes one of those barriers.
Six banks settle European bond price-fixing litigation in New York
Submitted by admin on Sat, 2024-07-27 18:20 Section: Daily DispatchesBy Jonathan Stempel
Reuters
Friday, July 26, 2024
NEW YORK -- Six banks including Bank of America and Citigroup agreed to pay $80 million to settle antitrust litigation in New York accusing them of conspiring to rig prices of European government bonds.
A preliminary settlement with Bank of America, Citigroup, Jefferies, NatWest, Normura, and UBS was filed late Friday in Manhattan federal court and requires a judge's approval.
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Canadian gold mine cyanide spill raises fears among Alaskans on the Yukon River
Submitted by admin on Sat, 2024-07-27 13:31 Section: Daily DispatchesBy Max Graham
Alaska Beacon, Washington, D.C.
Friday, July 26, 2024
A cyanide spill at a major gold mine in the Yukon Territory -- high in the Yukon River watershed -- has sparked widespread concern in Canada.
But Alaska salmon advocates say the mishap isn't just a problem for Yukoners: The spill happened upstream of a tributary of the Yukon River. The Yukon is Alaska's biggest transboundary waterway, and residents along its shores who have depended on salmon for generations are already suffering amid crashes of multiple species.
On LFTV Maguire uses Comex price charts to show Fed's interventions at options expiration
Submitted by admin on Sat, 2024-07-27 12:04 Section: Daily Dispatches12:03p ET Saturday, July 27, 2024
Dear Friend of GATA and Gold:
In this week's edition of Kinesis Money's "Live from the Vault" program, London metals trader Andrew Maguire shows with Comex price charts how the Federal Reserve has been intervening to knock the gold price down in advance of futures option expiration dates.
At Liberty and Finance, GATA's Steer says JPM's dishoarding holds silver down
Submitted by admin on Fri, 2024-07-26 09:59 Section: Daily Dispatches9:59a ET Friday, July 26, 2024
Dear Friend of GATA and Gold:
Appearing this week on the Liberty and Finance channel at YouTube with host Dunagun Kaiser, GATA board member Ed Steer, publisher of Ed Steer's Gold and Silver Digest letter, says silver demand is huge and is being met mainly by dishoarding from the stash maintained by JPMorganChase, which long has been suppressing the monetary metal's price.
Another sign that India's government is retreating from the war on gold
Submitted by admin on Thu, 2024-07-25 14:30 Section: Daily DispatchesBy Shweta Punj, Meghna Mittal, and Bodhisatva Ganguli
Money Control, Mumbai
Thursday, July 25, 2024
The government may scale back or even discontinue the Sovereign Gold Bonds scheme, which it considers too expensive, a person familiar with the development said.
This move coincides with the Union budget cutting customs duties on gold and silver to 6% from 15%. The reduction in customs duty is expected to dampen demand for Sovereign Gold Bonds.
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Market analyst Peter Grandich discusses GATA's work with secretary/treasurer
Submitted by admin on Wed, 2024-07-24 18:17 Section: Daily Dispatches6:19p ET Wednesday, July 24, 2024
Dear Friend of GATA and Gold:
Market analyst and monetary metals advocate Peter Grandich today discussed with your secretary/treasurer GATA's 25 years of exposing manipulation of the monetary metals markets, work that has led to central banks restoring and increasing their gold reserves, as well as to the disappearance of market analysts who ridiculed assertions of market rigging only to find them documented extensively year after year.
Chinese gold imports fell by almost two-thirds on high prices
Submitted by admin on Tue, 2024-07-23 10:29 Section: Daily DispatchesBy Sybilla Gross
Bloomberg News
Monday, July 22, 2024
China's gold imports plunged last month, a sign that the nation's buyers are deterred by the precious metal's elevated prices amid a sluggish economy.
Purchases from overseas by the biggest bullion consumer fell nearly 60% to 58.9 tons, the lowest since May 2022, according to official data released Sunday.
India slashes import tax on gold and silver to tackle smuggling
Submitted by admin on Tue, 2024-07-23 10:22 Section: Daily DispatchesOr maybe it's just more evidence that the Indian government is getting aboard the gold train after many years of trying to block it.
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By Rajendra Jadhav
Reuters
Tuesday, July 23, 2024
MUMBAI -- India today slashed import duties on gold and silver in a move industry officials said could lift retail demand and help cut smuggling in the world's second-biggest bullion consumer.
Suppressing silver prices has been official U.S. policy since 1965
Submitted by admin on Sun, 2024-07-21 15:27 Section: Daily Dispatches3:24p ET Sunday, July 21, 2024
Dear Friend of GATA and Gold:
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