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Daily Dispatches
USA Gold's 'News & Views': Gold's century
Submitted by admin on Fri, 2021-10-01 16:10 Section: Daily Dispatches4:07p ET Friday, October 1, 2021
Dear Friend of GATA and Gold:
USAGold's "News & Views" letter for October soberly details gold's quiet performance through the years, which always makes it at least competitive with other financial assets and, in the long term, superior.
The letter is headlined "Gold's Century" and it's posted at USAGold here:
Venezuela to subtract six zeros from currency in second overhaul in three years
Submitted by admin on Fri, 2021-10-01 16:03 Section: Daily DispatchesBy Mayela Armas, Brian Ellsworth, and Luc Cohen
Reuters
Friday, October 1, 2021
CARACAS -- Venezuela today will launch its second monetary overhaul in three years by cutting six zeros from the bolivar currency in response to hyperinflation, simplifying accounting but doing little to ease the South American nation's economic crisis.
U.S. dollar share of world FX reserves steady at 59.2% in Q2
Submitted by admin on Thu, 2021-09-30 21:29 Section: Daily DispatchesBy Gertrude Chavez-Dreyfuss
Reuters
Thursday, September 30, 2021
NEW YORK -- The U.S. dollar's share of currency reserves reported to the International Monetary Fund was steady at 59.2% in the second quarter, compared with 59.5% in the first three months of the year, IMF data showed today.
The greenback remains the largest-held currency reserve by global central banks.
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Ronan Manly: Indian central bank accumulating much gold almost under the radar
Submitted by admin on Thu, 2021-09-30 21:06 Section: Daily DispatchesBy Ronan Manly
Bullion Star, Singapore
Thursday, September 30, 2021
While large one-off central bank gold purchases get a lot of media attention and the same is true for central banks accumulating gold reserves over a two- or three-month period, sizeable accumulation of gold by central banks on a month-in, month-out basis, with the exception of the Chinese and Russian central banks, tends to go almost unnoticed.
New Orleans is back to normal so join GATA there next month
Submitted by admin on Thu, 2021-09-30 20:53 Section: Daily DispatchesBy Brien Lundin
Editor, Gold Newsletter
CEO, the New Orleans Investment Conference
Thursday, September 30, 2021
With this year's New Orleans Investment Conference just around the corner -- Tuesday through Friday, October 19-22 -- the timing couldn't be better for a metals rally.
If you're a serious investor, you need to attend this blockbuster, in-person event.
Dave Kranzler: Will price inflation prick the stock market bubble?
Submitted by admin on Thu, 2021-09-30 20:48 Section: Daily DispatchesBy Dave Kranzler
Investment Research Dynamics, Denver
Thursday, September 30, 2021
The graphic accompanying this analysis does a great job of conveying the non-transitory nature of price inflation -- price inflation resulting from the substantial and continuous devaluation of the dollar from the Federal Resrve's money printing and the government’s debt issuance.
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From chips to ships, shortages are making inflation stick
Submitted by admin on Thu, 2021-09-30 11:55 Section: Daily DispatchesBy Dhara Ranasinghe and Sujata Rao
Reuters
Thursday, September 30, 2021
LONDON -- Soaring gas prices, staff shortages, a lack of ships -- price pressures globally may be picking up faster than anticipated, challenging the view that inflation will prove transitory.
Central bankers, while adamant that inflation will subside, are starting to concede it may stay higher for longer as a range of issues push up the prices of goods and services and lift future inflation expectations.
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Alasdair Macleod: Economic theory and long-wave cycles
Submitted by admin on Thu, 2021-09-30 11:46 Section: Daily DispatchesBy Alasdair Macleod
GoldMoney, Toronto
Thursday, September 30, 2021
Investors and others are confused by the early stages of accelerating price inflation. One misleading belief is in cycles of industrial production, such as Kondratieff’s waves. The Kondratieff cycle began to emerge in financial commentaries during the inflationary 1970s, along with other wacky theories. We should reject them as an explanation for rising prices today.
Pam and Russ Martens: Dallas Fed president made market-moving statements while trading stocks and futures
Submitted by admin on Thu, 2021-09-30 11:24 Section: Daily DispatchesBy Pam and Russ Martens
Wall Street on Parade
Thursday, September 30, 2021
Last year, during the worst health crisis in more than a hundred years in the United States, Dallas Fed President Robert Kaplan was frequently throwing gasoline on the fire in broadcast and print media interviews.
Also in 2020, Kaplan was trading in and out of S&P 500 futures, a sophisticated instrument used by hedge funds to time the market and/or short the market.
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Stagflation fears intensify in signs of slowing growth
Submitted by admin on Thu, 2021-09-30 10:58 Section: Daily DispatchesTommy Stubbington and Delphine Strauss
Financial Times, London
Thursday, September 30, 2021
Supply chain disruptions sweeping major economies have reawakened an old nemesis for investors: stagflation.
Anxiety over rising inflation has been ever-present in markets this year. But with oil topping $80 a barrel, global food prices a third more expensive than they were a year ago, and other commodities at decade highs, investors say a longer-than-expected inflationary surge is coinciding with a slowdown in growth -- and making it worse.
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