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Daily Dispatches
Bullion banks massively cover gold futures shorts, GoldMoney's Macleod tells KWN
Submitted by admin on Mon, 2021-03-08 10:42 Section: Daily Dispatches10:40a ET Monday, March 7, 2021
Dear Friend of GATA and Gold:
Bullion banks massively covered short gold futures positions last week as hedge funds sold most of their long positions, GoldMoney research director Alasdair Macleod tells King World News. He says the banks likely will continue covering shorts this week.
Macleod adds that Federal Reserve banking rules seem to be about to force banks to impose negative interest rates on their biggest customers.
Macleod's comments are posted in text along with an audio interview at KWN here:
Ted Butler: Silver investors should put questions to CFTC members
Submitted by admin on Mon, 2021-03-08 10:21 Section: Daily Dispatches10:20a ET Monday, March 8, 2021
Dear Friend of GATA and Gold:
In his new essay at SilverSeek, "A Time to Act" --
https://silverseek.com/article/time-act
-- silver market analyst Ted Butler urges silver investors to write to the U.S. Commodity Futures Trading Commission about the huge concentrated short position in silver futures.
Anyone taking the trouble might add a few of questions:
GATA's internet site undergoes maintenance tonight and this weekend
Submitted by cpowell on Fri, 2021-03-05 11:27 Section: Daily Dispatches11:28a ET Friday, March 5, 2021
Dear Friend of GATA and Gold:
Starting at 6 p.m. U.S. Eastern time today, GATA's internet site will undergo maintenance and updating. The site may be inaccessible until Monday morning and dispatches likely will cease until then. Your secretary/treasurer still should be reachable by e-mail. Please forgive any inconvenience.
Jan Nieuwenhuijs: Why the gold price is sinking
Submitted by cpowell on Fri, 2021-03-05 10:56 Section: Daily Dispatches10:58a ET Friday, March 5, 2021
Dear Friend of GATA and Gold:
Gold researcher Jan Nieuwenhuijs of the Gold Observer argues today that the gold price has been falling because of a rising interest rate on U.S. Treasury bonds but that the Federal Reserve eventually will push real interest rates to negative levels, boosting gold.
U.S. freezes Myanmar's billion at New York Fed
Submitted by cpowell on Thu, 2021-03-04 20:26 Section: Daily DispatchesBy Simon Lewis and Humeyra Pamuk
Reuters
Thursday, March 4, 2021
WASHINGTON -- Myanmar's military rulers attempted to move about $1 billion held at the Federal Reserve Bank of New York days after seizing power on Feb. 1, prompting U.S. officials to put a freeze on the funds, according to three people familiar with the matter, including one U.S. government official.
John Adams: Bond market crisis will crack the silver price ceiling
Submitted by cpowell on Thu, 2021-03-04 14:00 Section: Daily DispatchesBy John Adams
Adams Economics, Sydney, Australia
Thursday, March 4, 2021
The current crisis in bond markets will have dramatic implications for not only future economic policy but also for global commodity and precious metals markets, especially the gold and silver market.
As noted in early February 2021 in the article "The Biden Administration Will Accelerate Stagflation" --
Ronan Manly: CFTC frets about internet's silver clamor after ignoring big bank manipulators
Submitted by cpowell on Thu, 2021-03-04 11:14 Section: Daily Dispatches11:10a ET Thursday, March 4, 2021
Dear Friend of GATA and Gold:
Dollar is increasingly overvalued as deficit widens, international finance institute says
Submitted by cpowell on Thu, 2021-03-04 10:42 Section: Daily DispatchesBy Chris Anstey
Bloomberg News
Thursday, March 4, 2021
The dollar has become increasingly overvalued thanks to a swelling U.S. current-account deficit, according to the Institute of International Finance.
China's yuan is the mirror image, becoming increasingly undervalued, the IIF found in a periodic assessment of exchange-rate misalignments.
Stefan Gleason: The Great Reset is coming for the currency
Submitted by cpowell on Wed, 2021-03-03 20:29 Section: Daily DispatchesBy Stefan Gleason
Money Metals Exchange, Eagle, Idaho
Tuesday, March 3, 2021
As the Great Reset proceeds from globalist think tanks and technology billionaires to allied media elites, governments, schools, and Woke corporations, what will be "reset" next?
Gold and silver went into backwardation today, a bullish sign, Turk tells KWN
Submitted by cpowell on Wed, 2021-03-03 20:24 Section: Daily Dispatches8:25p ET Wednesday, March 3, 2021
Dear Friend of GATA and Gold:
GoldMoney founder and GATA consultant James Turk tells King World News today that gold and silver prices went into backwardation today, signifying that low prices brought out buyers of real metal, a bullish sign. Turk says it seems that weak hands trading the metals on margin in the futures markets have been washed out.
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