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Daily Dispatches
Pam and Russ Martens: Biden nominee would move all bank deposits to the Fed and let NY Fed short stocks
Submitted by admin on Tue, 2021-10-26 11:20 Section: Daily DispatchesBy Pam and Russ Martens
Wall Street on Parade
Tuesday, October 26, 2021
This month the Vanderbilt Law Review published a 69-page paper by Saule Omarova, President Biden's nominee to head the Office of the Comptroller of the Currency, the federal regulator of the largest banks in the country that operate across state lines. The paper is titled "The People's Ledger: How to Democratize Money and Finance the Economy."
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If you like mining stocks, subscribe to The Calandra Report at a discount and help GATA
Submitted by admin on Tue, 2021-10-26 11:14 Section: Daily Dispatches11:13a ET Tuesday, October 26, 2021
Dear Friend of GATA and Gold:
Thom Calandra and his market letter, The Calandra Report, have been supporting GATA almost from our start 22 years ago. He is a writer and believer and investor in the monetary metals.
This week, with metals prices showing signs of recovery amid the storm of inflation, Thom is reviviong his special offer to GATA supporters -- a discount on a year's subscription with half the $169 payment being donated to GATA, no strings attached.
Has the lost Island of Gold been found?
Submitted by admin on Sat, 2021-10-23 14:47 Section: Daily DispatchesBy Nick Enoch
Daily Mail, London
Saturday, October 23, 2021
The site of a fabled Indonesian kingdom renowned for its golden treasures may finally have been discovered on Sumatra, known as the Island of Gold.
For the past five years, fishermen exploring the crocodile-infested Musi River, near Palembang, have hauled a staggering treasure trove from the depths -- including gemstones, gold ceremonial rings, coins, and bronze monks' bells.
Robert Lambourne: Small decline in BIS gold swaps in August
Submitted by admin on Sat, 2021-10-23 13:47 Section: Daily DispatchesBy Robert Lambourne
Saturday, October 23, 2021
The recently released September statement of account of the Bank for International Settlements -
https://www.bis.org/banking/balsheet/statofacc210930.pdf
— contains information suggesting a decrease of about 26 tonnes in the bank's gold swaps during August, from 464 tonnes to 438 tonnes.
This compares to the record high estimated at 552 tonnes as of February this year.
Interviewing Ron Paul, even Daniela Cambone marvels at gold's failure to reflect inflation
Submitted by admin on Sat, 2021-10-23 00:05 Section: Daily Dispatches10:55p CT Friday, October 22, 2021
Dear Friend of GATA and Gold:
Is there anyone left who can't see or strongly suspect government gold price suppression policy, even if many people still can't acknowledge it?
In an interview this week with former U.S. Rep. Ron Paul, even Daniela Cambone of Stansberry Research, formerly of Kitco News, marveled at gold's failure to reflect the inflation exploding all around her. She asked Paul whether the government is suppressing the gold price.
Serbia vows to boost gold reserves as China's Zijin opens mine
Submitted by admin on Fri, 2021-10-22 16:20 Section: Daily DispatchesBy Misha Savic
Bloomberg News
Friday, October 22, 2021
Serbia plans to boost its gold reserves from an already record-high 37 tons to prepare for challenges such as the energy crisis rattling Europe, President Aleksandar Vucic said.
The National Bank of Serbia may buy gold at the "most favorable prices" from the local units of China-based Zijin Mining Group, Vucic said at the opening of the company's new Cukaru Peki high-grade copper and gold mine. ...
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Fed to ban policymakers from owning individual stocks, restrict trading following controversy
Submitted by admin on Fri, 2021-10-22 12:54 Section: Daily DispatchesBy Jeff Cox
CNBC, New York
Thursday, October 21, 2021
Responding to a growing controversy over investing practices, the Federal Reserve announced Thursday a wide-ranging ban on officials owning individual stocks and bonds and limits on other activities as well.
The ban includes top policymakers such as those who sit on the Federal Open Market Committee, along with senior staff. Future investments will have to be confined to diversified assets such as mutual funds.
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Deutsche Bank whistleblower gets $200 million record reward for exposing LIBOR rigging
Submitted by admin on Fri, 2021-10-22 12:19 Section: Daily DispatchesBy Stefania Palma and Neil Hume
Financial Times, London
Friday, October 22, 2021
The Commodity Futures Trading Commission has awarded almost $200 million to a former Deutsche Bank employee who raised concerns about the manipulation of the Libor interest rate benchmark, marking the largest-ever payment under U.S. whistleblower programmes.
The U.S. derivatives regulator said the payment had been made for "timely original information" that significantly contributed to an already "open investigation."
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With metals recovering, The Calandra Report has a special offer for GATA supporters
Submitted by admin on Fri, 2021-10-22 12:12 Section: Daily Dispatches11:12a CT Friday, October 22, 2021
Dear Friend of GATA and Gold:
Thom Calandra and his market letter, The Calandra Report, have been supporting GATA almost from our start 22 years ago. He is a writer and believer and investor in the monetary metals.
This week, with metals prices showing signs of recovery amid the storm of inflation, Thom is reviviong his special offer to GATA supporters -- a discount on a year's subscription with half the $169 payment being donated to GATA, no strings attached.
Here is the PayPal code for the special subscription offer:
Alasdair Macleod: A tale of two civilizations
Submitted by admin on Thu, 2021-10-21 13:09 Section: Daily DispatchesBy Alasdair Macleod
GoldMoney, Toronto
Thursday, October 21, 2021
In recent years, America's unsuccessful attempts at containing China as a rival hegemon have only served to promote Chinese antipathy against American capitalism. China is now retreating into the comfort of her long-established moral values, best described as a mixture of Confucianism and Marxism, while despising American individualism, its careless regard for family values, and encouragement of get-rich-quick financial speculation.
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