You are here
Daily Dispatches
Pam and Russ Martens: JPM's crime wave continues, impugning last year's settlement with Justice Dept.
Submitted by admin on Mon, 2021-12-20 10:22 Section: Daily DispatchesBy Pam and Russ Martens
Wall Street on Parade
Monday, December 20, 2021
JPMorgan Chase is the largest bank in the United States. It also has the scandalous distinction of having admitted to five criminal felony counts brought by the U.S. Department of Justice since 2014 and a breathtaking series of additional charges from other regulators.
The Globe and Mail: Five big mining companies bid for Great Bear
Submitted by admin on Fri, 2021-12-17 18:36 Section: Daily DispatchesInside the Bidding War for Great Bear that Saw Kinross Emerge as Winner
By Niall McGee
The Globe and Mail, Toronto
Friday, December 17, 2021
Five major mining companies engaged in an intense bidding war for Red Lake exploration company Great Bear Resources Ltd., with Kinross Gold Corp. eventually emerging the winner last week.
JPMorgan is fined $200 million for evading regulators by letting traders use WhatsApp
Submitted by admin on Fri, 2021-12-17 11:06 Section: Daily DispatchesThey're supposed to stick to the secure scrambler line to the New York Fed's trading room.
* * *
By Thomas Franck and Hugh Son
CNBC, New York
Friday, December 17, 2021
JPMorgan Chase is paying $200 million in fines to two U.S. banking regulators to settle charges that its Wall Street division allowed employees to use WhatsApp and other platforms to circumvent federal record-keeping laws.
Sven Henrich: The Fed was not hawkish yesterday and the unraveling has begun
Submitted by admin on Thu, 2021-12-16 13:46 Section: Daily DispatchesBy Sven Henrich
Northman Trader
Fareham, Hampshire, United Kingdom
Investors are ignoring two big elephants in the room. While we see yet again a positive reaction to the latest Fed meeting with new all-time highs in the S&P futures contract, things are far from well.
Indeed, things have already been unraveling beneath the surface for a while: A potential Santa rally notwithstanding that storm clouds are not only gathering but are already all around us.
... Dispatch continues below ...
Real rates will stay negative, Turk tells King World News
Submitted by admin on Thu, 2021-12-16 13:28 Section: Daily Dispatches1:25p ET Thursday, December 16, 2021
Dear Friend of GATA and Gold:
In comments to King World News, GoldMoney founder and GATA consultant James Turk ridicules as merely nominal the efforts to curb inflation that are being made by the Federal Reserve, European Central Bank, and Bank of England. These efforts, Turk says, won't come close to turning negative real interest rates positive.
Turk's comments at KWN can be found here:
Alasdair Macleod: The credit cycle and the zombies' downfall
Submitted by admin on Thu, 2021-12-16 13:18 Section: Daily DispatchesBy Alasdair Macleod
GoldMoney, Toronto
Thursday, December 16, 2021
Leading central banks like to think that through careful interest rate management, they have tamed the economic cycles which lead to regular economic downturns. Instead, they have only managed to bury the evidence.
Russia's central bank would stop investment in cryptocurrencies
Submitted by admin on Thu, 2021-12-16 12:39 Section: Daily DispatchesBy Elena Fabrichnaya and Andrey Ostroukh
Reuters
Thursday, December 16, 2021
MOSCOW -- The Russian central bank wants to ban investments in cryptocurrencies in Russia, seeing risks to financial stability in the rising number of crypto transactions, two financial market sources close to the bank said.
Leading cryptocurrency bitcoin fell after the report to $48,656 from levels around $49,144 seen shortly before.
... Dispatch continues below ...
... ADVERTISEMENT ...
Biden nominates two Republicans for depleted CFTC
Submitted by admin on Thu, 2021-12-16 09:25 Section: Daily DispatchesBy Pete Schroeder
Reuters
Thursday, December 15, 2021
https://www.reuters.com/world/us/biden-taps-two-us-cftc-white-house-2021-12-15/
WASHINGTON, Dec 15 (Reuters) - President Joe Biden on Wednesday nominated Summer Mersinger and Caroline Pham to fill two Republican spots on the Commodity Futures Trading Commission, the White House said.
Ed Steer's Gold and Silver Digest for Dec. 12
Submitted by admin on Wed, 2021-12-15 22:24 Section: Daily Dispatches11:30a ET Tuesday, December 14, 2021
Dear Friend of GATA and Gold:
GATA board member Ed Steer's Gold and Silver Digest (https://edsteergoldsilver.com/) letter for December 12, headlined "Another Very Excellent CoT Report," has been posted in the clear at GoldSeek's companion site, SilverSeek, here:
https://silverseek.com/article/another-very-excellent-cot-report
Craig Hemke at Sprott Money: After the Fed
Submitted by admin on Wed, 2021-12-15 22:18 Section: Daily DispatchesBy Craig Hemke
Sprott Money, Toronto
Wednesday, December 15, 2021
As I type this on Wednesday morning, there's really no sense in discussing other news or datapoints today, as everything is meaningless ahead of the Federal Open Market Committee -- which should stop you in your tracks when you consider how Fed-dependent EVERYTHING has become.
The news doesn't matter anymore. All that matters is the anticipated Fed reaction to said news. Could "the markets" be any more broken?
So what is expected today? Anything and nothing. How about these scenarios? ...
Pages
