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Daily Dispatches
Economist, euro 'inventor' Mundell advised China to buy gold
Submitted by admin on Mon, 2021-04-05 19:43 Section: Daily Dispatches7:39p ET Monday, April 5, 2021
Dear Friend of GATA and Gold:
Thirteen years ago your secretary/treasurer unexpectedly shared the dias with the Nobel Prize-winning economist and euro "inventor" Robert Mundell, whose death was announced today --
-- and while it may be hard to admire anyone who facilitated something as undemocratic as the European Union, Mundell made some surprisingly pro-gold remarks at the time.
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Dave Kranzler: A bottom in gold and silver?
Submitted by admin on Mon, 2021-04-05 17:54 Section: Daily DispatchesBy Dave Kranzler
Investment Research Dynamics, Denver
Monday, April 5, 2021
The downtrend in the precious metals sector that began in August has been punctuated over the last month with one of the most aggressive and blatant price manipulation efforts that I have witnessed in 20 years.
Robert Mundell, Nobel laureate who inspired the euro, dies at 88
Submitted by admin on Mon, 2021-04-05 12:09 Section: Daily DispatchesBy Nancy Moran and Sho Chandra
Bloomberg News
Monday, April 5, 2021
Robert Mundell, the Nobel Prize-winner and supply-side economist who was considered the intellectual father of the euro, has died. He was 88.
His death was confirmed by Sophia Johnson, assistant director of the program for economic research at Columbia University, where Mundell was professor emeritus.
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With all those stock derivatives, could JPMorganChase be the broker for the U.S. government?
Submitted by admin on Mon, 2021-04-05 12:00 Section: Daily DispatchesAfter all, as Pam and Russ Martens report below, the bank's position is far beyond disproportionate -- just as it is in silver. Would the bank be permitted to run those markets if it wasn't running them for the government? That would explain the failure of anti-trust and commodity market regulators to act.
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JPMorgan’s Federally-Insured Bank Holds $2.65 Trillion in Stock Derivatives, So How Did It Avoid the Archegos Blowup?
By Pam and Russ Martens
Wall Street on Parade
Monday, April 5, 2021
Junior gold miner Rusoro's big award against Venezuela is reinstated
Submitted by admin on Fri, 2021-04-02 01:02 Section: Daily DispatchesThe court decision, the international arbitration award, and 20 trillion bolivars may buy the company a cup of coffee.
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By Donna Slate
Creamer Media's Mining Weekly
Thursday, April 1, 2021
Canadian junior Rusoro Mining reports that the French Supreme Court -- the Cour de Cassation -- has overturned the decision of the Paris Court of Appeal, which had annulled part of the damages portion of the arbitral award previously rendered in favor of the company.
The more they knock the gold price down, the more India wants
Submitted by admin on Thu, 2021-04-01 21:48 Section: Daily DispatchesIndia's March Gold Imports Surge 471% to a Record 160 Tonnes, Govt. Source Tells Reuters
From Reuters
Thursday, April 1, 2021
MUMBAI, India -- India's gold imports in March surged 471% from a year earlier to a record 160 tonnes, a government source told Reuters today, as a reduction in import taxes and a correction in prices from record highs drew retail buyers and jewellers.
Higher imports by the world's second-biggest bullion consumer could support benchmark gold prices, which have corrected nearly 17% from an all-time high of $2,072 in August 2020.
April edition of USAGold's 'News & Views' letter is available
Submitted by admin on Thu, 2021-04-01 12:28 Section: Daily Dispatches12:25p ET Thursday, April 1, 2021
Dear Friend of GATA and Gold:
USAGold's "News & Views" letter for April concentrates on inflation and its implications for the financial markets. The letter also notes that ancient China may have been the first to gain a sophisticated understanding of the nature of money and its relationship with prices. The April edition of "News & Views" is posted in the clear at USAGold here:
Turkey's central bank revamp spurs biggest outflows in 15 years
Submitted by admin on Thu, 2021-04-01 12:02 Section: Daily DispatchesBy Ugur Yilmaz
Bloomberg News
Thursday, April 1, 2021
Foreign investors sold Turkish assets at the fastest pace in 15 years last week after President Recep Tayyip Erdogan unexpectedly replaced the country's hawkish central bank governor with a vocal critic of high interest rates.
Rep. Mooney introduces bill to end federal taxes on gold and silver coins and bullion
Submitted by admin on Wed, 2021-03-31 12:33 Section: Daily DispatchesBy JP Corez
Money Metals News Service, Eagle, Idaho
Tuesday, March 30, 2021
U.S. Rep. Alex Mooney, R-West Virginia, today re-introduced sound money legislation to remove all federal income taxation from gold and silver coins and bullion.
The Monetary Metals Tax Neutrality Act (H.R. 2284), backed by the Sound Money Defense League and free-market activists, would clarify that the sale and exchange of precious metals bullion and coins are not to be included in capital gains, losses, or any other type of federal income calculation.
Dollar's share of global reserves sinks to lowest since 1995
Submitted by admin on Wed, 2021-03-31 11:49 Section: Daily DispatchesBy Susanne Barton and Daniela Sirtori-Cortina
Bloomberg News
Wednesday, March 31, 2021
The dollar's share of global currency reserves dropped in the fourth quarter to around 59%, the lowest in 25 years, according to International Monetary Fund data.
The slide came in a quarter when a gauge of the greenback fell the most since 2010, and amid questions about how long the dollar can maintain its status as the pre-eminent reserve currency.
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