Brazilian central bank intervenes as real's slide deepens, down 7% this year
Submitted by cpowell on Sat, 2021-02-27 16:49. Section: Daily DispatchesBy Jamie McGeever
Reuters
Saturday, February 24, 2021
BRASILIA -- Brazil's central bank twice waded into the spot currency market on Friday, selling a total of $1.545 billion as the real slid further against the dollar to cement its status as one of the world's worst-performing currencies this year.
Canadian miners dig deeper in West Africa
Submitted by cpowell on Sat, 2021-02-27 16:40. Section: Daily DispatchesBy Christophe Le Bec, Honore Banda, and Amadou Oury Diallo
The Africa Report, Paris
Thursday, February 25, 2021
In the underexplored and booming gold-mining areas of West Africa, Canadian miners are moving fast to expand their operations.
Nigerian central bank governor suggests naira has been devalued
Submitted by cpowell on Sat, 2021-02-27 15:53. Section: Daily DispatchesBy Anthony Osae-Brown and Tope Alake
Bloomberg News
Saturday, February 27, 2021
Nigeria's central bank governor suggested the nation’s currency has been devalued.
Gold is a powerful weapon both for and against central banking
Submitted by cpowell on Fri, 2021-02-26 16:49. Section: Daily Dispatches11:59a ET Friday, February 25, 2021
Dear Friend of GATA and Gold:
Time for another installment of our occasional feature "Ask a High School Graduate."
Our friend J.S. writes:
London metals trader Andrew Maguire said this week in his interview for Kinesis Money --
Tuomas Malinen: The conditions for hyperinflation are in place
Submitted by cpowell on Fri, 2021-02-26 16:28. Section: Daily DispatchesBy Tuomas Malinen
GNS Economics, Helsinki, Finland
Wednesday, February 24, 2021
From time-to-time historically, national authorities have resorted to financing by their central bank to cover budget shortfalls. Another word for this is monetization of debt or deficit-financing by the central bank.
Pam and Russ Martens: Wall Street tells Fed there's no more room for Treasuries
Submitted by cpowell on Fri, 2021-02-26 16:07. Section: Daily DispatchesBy Pam and Russ Martens
Wall Street on Parade
Friday, February 26, 2021
