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Daily Dispatches
Pam and Russ Martens: Fed chairman and JPM chief met privately Sept. 30 and weird stuff followed
Submitted by admin on Wed, 2021-11-10 11:27 Section: Daily DispatchesBy Pam and Russ Martens
Wall Street on Parade
Wednesday, November 10, 2021
According to Federal Reserve Chairman Jerome Powell's daily appointment calendar, he met privately with Jamie Dimon, the chairman and CEO of JPMorgan Chase, from 3:00 to 3:30 p.m. on Thursday, September 30.
JPMorgan Chase is the largest bank in the United States. It is supervised -- badly -- by the Federal Reserve. Just how bad is that supervision? JPMorgan Chase is the only U.S. bank to have been charged by the Justice Department with five felony counts since 2014 -- admitting to all of them.
Calandra Report subscribers are ready for metals' breakout as they help GATA
Submitted by admin on Wed, 2021-11-10 11:23 Section: Daily Dispatches11:20a ET Wednesday, Noveber 10, 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.
With metals prices showing signs of recovery amid the storm of inflation, Thom has revived 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.
Craig Hemke at Sprott Money: From Powell to Brainard at the Fed
Submitted by admin on Tue, 2021-11-09 16:06 Section: Daily Dispatches4p ET Tuesday, November 9, 2021
Dear Friend of GATA and Gold:
Craig Hemke of the TF Metals Report, writing at Sprott Money today, suspects that President Biden plans to replace Federal Reserve Chairman Jerome Powell with Fed Board of Governors member Lael Brainard, a proponent of even more money creation that Powell has supported, and that this is why bond prices are rising despite soaring inflation and gold is gaining strength.
Hemke's analysis is headlined "From Powell to Brainard" and it's posted at Sprott Money here:
Pam and Russ Martens: Fed report shows high leverage threatens financial stability
Submitted by admin on Tue, 2021-11-09 12:05 Section: Daily DispatchesBy Pam and Russ Martens
Wall Street on Parade
Tuesday, November 9, 2021
The word "leverage" appears 107 times in the Federal Reserve’s Financial Stability Report that was released yesterday. The second mention provides a warning of what happens when leverage blows up the financial system -- something Americans learned all too well in 2008:
Some animals are still more equal than others
Submitted by admin on Tue, 2021-11-09 11:55 Section: Daily DispatchesVietnam Govt. Minister Was Fed L1,450 Gold-Plated Steak After Laying Flowers at Karl Marx's Grave
By Ella Glover
The Independent, London
Monday, November 9, 2021
Vietnam's Minister of Public Security has been criticised for eating a a slice of L1,450 gold-plated steak at Salt Bae's London restaurant just a day after laying flowers at Karl Marx's grave.
The minister, General To Lam, was seen eating at the Instagram-famous chef's London restaurant Nusr-Et restaurant in Knightsbridge, which has been criticised for being outrageously overpriced.
Inflation surge fuels negative real interest rates for leading economies
Submitted by admin on Tue, 2021-11-09 11:35 Section: Daily DispatchesAnother reason why gold price suppression must be enforced ever-more aggressively to provide camouflage for currency debasement -- and mustn't be acknowledged by mainstream financial news organizations.
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Inflation Surge Fuels Negative Real Interest Rates for Leading Economies
By John Paul Rathbone and Valentina Romei
Financial Times, London
Tuesday, November 9, 2021
Newcrest to buy Canadian gold miner Pretium in $US2.8 billion deal
Submitted by admin on Tue, 2021-11-09 10:50 Section: Daily DispatchesBy Nick Toscano
Sydney Morning Herald
Tuesday, November 9, 2021
Top Australian gold miner Newcrest has struck a $US2.8 billion deal to acquire Toronto-listed Pretium Resources, marking a major escalation of the company’s expansion plans in the Americas.
Melbourne-based Newcrest said today the cash-and-shares deal would lift its gold production volumes by about 15% to more than 2 million ounces of the precious metal a year.
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Ed Steer: Decent rallies in silver and gold to end the week
Submitted by admin on Mon, 2021-11-08 21:37 Section: Daily Dispatches9:36p ET Monday, November 8, 2021
Dear Friend of GATA and Gold:
GATA board member Ed Steer's Gold and silver Digest letter for Sunday is headlined "Decent Rallies in Silver and Gold to End the Week" and it's posted at GoldSeek's companion site, SilverSeek, here:
https://silverseek.com/article/decent-rallies-silver-gold-end-week
If metals are breaking out, you'll want The Calandra Report, which helps GATA
Submitted by admin on Mon, 2021-11-08 21:34 Section: Daily Dispatches9:32p ET Monday, Noveber 8, 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.
With metals prices showing signs of recovery amid the storm of inflation, Thom has revived 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.
In StockPulse interview, GATA chairman notes daily pounding of gold price
Submitted by admin on Mon, 2021-11-08 19:55 Section: Daily Dispatches7:50p ET Monday, November 8, 2021
Dear Friend of GATA and Gold:
GATA Chairman Bill Murphy says the gold price has been pounded down by the "gold cartel" nearly every day for weeks and especially after meetings of the Federal Resere's Open Market Committee. He was interviewed for StockPulse's "Inside the Markets" program by Justin O'Connell.
The interview is 50 minutes long and can be seen at YouTube here:
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