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Section: Daily Dispatches

12:18a Thursday, April 18, 2024

Dear Friend of GATA and Gold (and Silver and other metals):

Mining company shares are taking off as governments are issuing infinite money and incurring infinite debt, and Thom Calandra of The Calandra Report (at Thomcalandra.com) is connecting with newly subscribed GATA supporters and sharing with them his insights about producing gold and silver mines and gold and silver explorers in the Yukon, Quebec, Nevada, Mexico, Ghana, and elsewhere. 

China unloads more U.S. Treasury bills as odds of Fed rate cuts grow slim

Section: Daily Dispatches

By Kandy Wong
South China Morning Post, Hong Kong
Thursday, April 18, 2024

Worries over security and a further delay to expected interest rate cuts by the Federal Reserve have depleted Beijing's appetite for U.S. Treasury bills, and its position as the second-largest foreign holder of the financial instruments could be taken by the U.K. in coming months, analysts warned.

U.S., Japan, South Korea hint at currency market intervention to stop dollar's rise

Section: Daily Dispatches

Dollar Rally Stalls After Rare FX Warning from Finance Chiefs

By Amanda Cooper
Reuters
Thursday, April 18, 2024

LONDON -- The dollar fell for a second day today after a rare warning by the finance chiefs of the United States, Japan, and South Korea over the sharp decline in other currencies, which in turn offered the yen some rare respite.

The yen got a modest lift after Japan's top currency diplomat Masato Kanda said finance leaders of the G7 reaffirmed their stance that excessive currency volatility was undesirable.

Toronto airport gold heist arrests include Air Canada staff as police recover little of the stolen metal

Section: Daily Dispatches

By Andy Takagi and Peter Edwards
Toronto Star
Wednesday, April 17, 2024

Two Air Canada employees and a Toronto jewelry store owner were among the inner group that plotted the theft of nearly $24 million in gold and cash from a storage unit at Pearson International Airport a year ago, police say.

Just $90,000 worth of the stolen gold has been recovered, police said at a press conference today, as they announced six arrests and three outstanding warrants on the one year anniversary of the massive heist.

... Dispatch continues below ...

Here's why gold and silver miners seldom stand up for themselves and their investors

Section: Daily Dispatches

12:43p ET Wednesday, April 17, 2024

Dear Friend of GATA and Gold (and Silver):

In a brilliant essay GATA called to your attention yesterday, Money Metals Exchange CEO Stefan Gleason asked the compelling question: "When will gold and silver miners start believing in their product?"

Asante