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Daily Dispatches
Craig Hemke at Sprott Money: Russia, Ukraine crisis, and de-dollarization
Submitted by admin on Tue, 2022-02-22 21:03 Section: Daily Dispatches9p ET Tuesday, February 22, 2022
Dear Friend of GATA and Gold:
Craig Hemke of the TF Metals Report, writing tonight at Sprott Money, notes that U.S. economic sanctions against Russia, including explusion of Russia from the SWIFT international payments system, are likely to accelerate the world economy's move away from the dollar.
Hemke's analysis is headlined "Russia, Ukraine Crisis, and De-Dollarization" and it's posted at Sprott Money here:
Ambrose Evans-Pritchard: Putin controls supply chain of Western tech, so who is bluffing?
Submitted by admin on Tue, 2022-02-22 11:52 Section: Daily DispatchesBy Ambrose Evans-Pritchard
The Telegraph, London
Tuesday, February 22, 2022
The wishful thinking has begun. Core Europe is already persuading itself that Vladimir Putin will be sated with Donetsk and Luhansk, allowing European companies to keep selling Gucci bags and BMWs to Russia in exchange for commodities -- after a stern lecture on international law, of course.
The US, UK, and Poland have reached the opposite conclusion, strongly suspecting that the military occupation of the Donbas is the springboard for a full invasion of Ukraine.
Ron Paul: The Fed is the enemy of American workers
Submitted by admin on Mon, 2022-02-21 19:22 Section: Daily DispatchesBy Ron Paul
Ron Paul Institute for Peace and Prosperity, Clute, Texas
Monday, February 21, 2022
According to numbers released by the US government, consumer prices have increased by 7.5 percent in the past year, the steepest increase since 1982. The actual price increases are even worse than the government numbers suggest, given that the "official" statistics are manipulated to understate the real rate of price increases.
According to John Williams of ShadowStats, prices have actually increased by around 15 percent over the past year.
Gold has been held back mainly by futures market rigging, O'Byrne says
Submitted by admin on Sun, 2022-02-20 17:00 Section: Daily Dispatches5:41p ET Sunday, February 20, 2022
Dear Friend of GATA and Gold:
Interviewed last week by Tom Bodrovics for Palisades Gold Radio, Mark O'Byrne, formerly of GoldCore, more recently founder of the HealthWealthGold consultancy, says the main reason gold has not performed as well as expected is manipulation of its price in the futures market as GATA has documented.
The interview with O'Byrne is 38 minutes long is can be seen at YouTube here:
Another U.S. inflation gauge is heading even higher this week
Submitted by admin on Sun, 2022-02-20 11:54 Section: Daily DispatchesBy Vince Golle
Bloomberg News
Sunday, February 20, 2022
Federal Reserve Chair Jerome Powell and his colleagues in the coming week can expect to see their key inflation metric accelerate to a fresh four-decade high last seen when Paul Volcker led the U.S. central bank.
The personal consumption expenditures price index, which the Fed uses for its inflation target, probably jumped 6% in January from a year earlier, according to the median of a Bloomberg survey of economists. The core measure, which excludes food and fuel, is forecast to climb 5.2%.
As even the FT salutes gold, you may want The Calandra Report
Submitted by admin on Sat, 2022-02-19 10:23 Section: Daily DispatchesSubscribe at a discount and you'll help GATA.
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10:27a ET Saturday, February 19, 2022
Dear Friend of GATA and Gold:
Gold and silver mining shares have risen 7% this month --
https://finance.yahoo.com/quote/%5EXAU?p=%5EXAU
and even the Financial Times, the apologist of the financial establishment, acknowledges that gold lately has shown strength and now is outperforming stocks and bonds generally:
Solving the last mystery of the wreck of the 'Ship of Gold,' the SS Central America
Submitted by admin on Sat, 2022-02-19 10:06 Section: Daily DispatchesFrom Numismatic Guaranty Co.
via Coin Week, Ormond Beach, Florida
Tuesday, February 15, 2022
On September 3, 1857, SS Central America began a voyage from Panama to New York City carrying very important cargo: thousands of freshly minted gold coins from California, desperately needed by New York banks that were facing an economic crisis.
Six days later, the ship found itself in the grips of a Category 2 hurricane off the coast of the Carolinas.
Gold outperforms stocks and bonds as traders seek haven assets
Submitted by admin on Sat, 2022-02-19 09:22 Section: Daily DispatchesBy Neil Hume
Financial Times, London
Saturday, February 18, 2022
https://www.ft.com/content/615e858d-ce1a-4402-b7f0-4a59f8b3ddb1
Gold has made a positive start to the year, outperforming bonds and equities as skittish investors scour the market for safe places to park cash.
The metal, used by investors as a store of value in times of stress, has climbed more than 5% this month and broken above $1,900 a troy ounce on Friday before easing back to $1,888.
A great week for mining shares and The Calandra Report
Submitted by admin on Thu, 2022-02-17 16:12 Section: Daily DispatchesYou could help make it a great one for GATA too.
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4:13p ET Thursday, February 17, 2022
Dear Friend of GATA and Gold:
Gold and silver mining shares have risen more than 10% in the last five days --
Alasdair Macleod: Central banks are now insolvent
Submitted by admin on Thu, 2022-02-17 15:55 Section: Daily DispatchesBy Alasdair Macleod
GoldMoney, Toronto
Thursday, February 17, 2022
Behind the battle to convince everyone that price inflation is not a lasting problem is the necessity to keep interest rates and bond yields suppressed. In the past, the interest rate cycle was entirely due to the expansion and contraction of commercial bank credit. But that was before central banks built up bond portfolios through quantitative easing.
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