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Daily Dispatches
Should Idaho let its reserves be gutted by inflation or should it invest in gold?
Submitted by admin on Mon, 2022-02-07 15:35 Section: Daily DispatchesBy Stefan Gleason
Idaho Statesman, Boise
Monday, February 7, 2022
The recent explosion in inflation rates caused by runaway debt-funded federal spending and Fed money printing has sparked renewed interest in state legislatures, including the Idaho House, in the role gold and silver play in hedging against systemic risks.
'We're out of everything,' Goldman Sachs commodity research chief says
Submitted by admin on Mon, 2022-02-07 10:45 Section: Daily DispatchesGoldman Commodity Veteran Says He's Never Seen a Market Like It
Alex Longley and Francine Lacqua
Bloomberg News via Yahoo News
Monday, February 7, 2022
Jeff Currie, the closely-followed head of commodities research at Goldman Sachs Group Inc., says he's never seen commodity markets pricing in the shortages they are right now.
Maguire and Hemke discuss why price suppression via derivatives may end this year
Submitted by admin on Fri, 2022-02-04 21:02 Section: Daily Dispatches9p ET Friday, February 4, 2022
Dear Friend of GATA and Gold:
Kinesis Money's "Live from the Vault" report this week consists of a discussion between London metals trader Andrew Maguire and the TF Metals Report's Craig Hemke in which they review the evidence that this might be the year when the derivatives-based system of suppressing gold and silver prices blows up.
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No, the 'soul' of money is not trust in central banks
Submitted by admin on Thu, 2022-02-03 15:32 Section: Daily Dispatches3:33p ET Thursday, February 3, 2022
Dear Friend of GATA and Gold:
What is the "soul" of money.
In a speech last month to Goethe University's Institute for Law and Finance in Frankfurt, Germany, the general manager of the Bank for International Settlements, Agustin Carstens, declared that the "soul" of money is trust in central banks:
A whale is snapping up gold below $1,800, likely a government
Submitted by admin on Wed, 2022-02-02 21:01 Section: Daily DispatchesBy Eddie van der Walt
Bloomberg News
via Yahoo Finance, Sunnyvale, California
Wednesday, February 2, 2022
https://finance.yahoo.com/news/looks-whale-snapping-gold-bullion-124225535.html
Spot gold is again bobbing along near $1,800 an ounce, as it has been since mid-2020. The stickiness of that level, particularly as fundamentals turned more bearish, suggests there's a big buyer somewhere in these waters.
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Eurozone inflation hits record 5.1% in January
Submitted by admin on Wed, 2022-02-02 11:00 Section: Daily DispatchesBy Martin Arnold
Financial Times, London
Wednesday, February 2, 2022
Consumer prices in the eurozone rose by a record 5.1% in January from a year earlier, keeping inflation higher than expected and increasing the pressure on the European Central Bank to respond with tighter monetary policy.
Steeper increases in the price of energy and food were only partly offset by slower growth in prices of manufactured goods, which meant annual inflation rose from its previous eurozone record of 5% in December, Eurostat said today.
Craig Hemke at Sprott Money: To hike or not to hike
Submitted by admin on Tue, 2022-02-01 21:44 Section: Daily DispatchesBy Craig Hemke
Sprott Money, Toronto
Tuesday, February 1, 2022
That is the question. Oh sure, The Fed may attempt to hike the fed funds rate as soon as next month. They may even attempt another hike in April or May. But what happens after that?
Answer that question and you'll find a timetable for gold prices in 2022.
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George Will: Biden's nominees for Fed would try to rig everything
Submitted by admin on Tue, 2022-02-01 12:06 Section: Daily DispatchesBy George Will
Union Leader, Manchester, New Hampshire
Sunday, January 30, 2022
Today's Federal Reserve illustrates this axiom: When a government entity cannot, or would rather not, adequately perform its primary function, or when it feels that its primary function is insufficiently grand, the agency will expand its mission, thereby distracting attention from its core inadequacy.
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USAGold's 'News & Views' surveys the age of 'return-free risk'
Submitted by admin on Tue, 2022-02-01 11:56 Section: Daily Dispatches11:55a ET Tuesday, February 1, 2022
Dear Friend of GATA and Gold:
USAGold's "News & Views" letter for February contains a dozen fascinating items about recent developments in the age of "return-free risk." It's posted in the clear at USAGold here:
https://www.usagold.com/nv1038february2022/
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org
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Pam and Russ Martens: For whom is New York Fed seeking 'investment opportunities'?
Submitted by admin on Tue, 2022-02-01 11:22 Section: Daily DispatchesIs the New York Fed Working for the American People or the Wall Street Banks that Own It?
By Pam and Russ Martens
Wall Street on Parade
Tuesday, February 1, 2022
Adding to a very long laundry list of questions about exactly whom the New York Fed serves is the help-wanted ad that was posted four days ago.
The ad is for a "financial planning and analysis expert" to work at the New York Fed's headquarters in lower Manhattan. One part of the job description is this: "modelling of potential investment opportunities."
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