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Daily Dispatches
Brien Lundin: How manipulated is the gold market?
Submitted by cpowell on Mon, 2021-01-25 16:35 Section: Daily DispatchesBy Brien Lundin
Gold Newsletter, Metairie, Louisiana
Monday, January 25, 2021
Last week I wrote about an amazing development in the gold market: The price was smashed down at the beginning of New York trading, as usual, but it then rallied strongly as investors around the world rushed in to buy.
Stephen Roach: The dollar's crash is only just beginning
Submitted by cpowell on Mon, 2021-01-25 11:13 Section: Daily DispatchesBy Stephen Roach
Bloomberg News
Monday, January 25, 2021
After an initial spike higher, the dollar has been falling steadily since the Covid-19 pandemic took hold in the U.S. last March. It is down about 10 to 12% relative to America's major trading partners, dropping to its weakest levels since early 2018 as measured by several of the broad dollar indexes. There is more to come.
Pam and Russ Martens: Yellen's speaking fees have Chinese Communist taint
Submitted by cpowell on Sun, 2021-01-24 20:15 Section: Daily DispatchesTen Months after Stepping Down as Fed Chair, Janet Yellen Became Part of the 'Leadership' Team for Forums Tied to the Chinese Communist Party
By Pam Martens and Russ Martens
Wall Street on Parade
Sunday, January 24, 2021
Haven't we learned anything about properly vetting people for the highest offices in the U.S. government?
Violation of position limits shows latest metals smash was government operation, Maguire says
Submitted by cpowell on Sun, 2021-01-24 19:45 Section: Daily Dispatches7:50p ET Sunday, January 24, 2021
Dear Friend of GATA and Gold:
London metals trader Andrew Maguire, interviewed Thursday by Chris Marcus for Arcadia Economics, said bullion banks exceeded position limits in their gold and silver trading during the recent smashdown of metals prices.
... Dispatch continues below ...
What if the big silver futures shorts are trading for the government?
Submitted by cpowell on Sun, 2021-01-24 13:07 Section: Daily Dispatches1:19p Sunday, January 24, 2021
Dear Friend of GATA and Gold:
In an essay posted today at GoldSeek's companion site, SilverSeek., silver market analyst Ted Butler writes about the seeming inability of the major bullion banks to close their huge short positions in silver futures without exploding the price and costing them a lot of money.
Investment banks' private calls with ECB chief economist are questioned
Submitted by cpowell on Fri, 2021-01-22 20:56 Section: Daily DispatchesECB to Review Format of Private Calls by Chief Economist to Investors
By Martin Arnold
Financial Times, London
Friday, January 22, 2021
FRANKFURT, Germany -- The European Central Bank is to review the format of private calls its chief economist has held with financial market participants, including Goldman Sachs, JPMorgan Chase, and BlackRock, to discuss its monetary policy decisions.
Auction gets record price for one of first nine gold coins struck in U.S.
Submitted by cpowell on Fri, 2021-01-22 20:44 Section: Daily DispatchesNGC-certified Brasher Doubloon Realizes a Record $9.36 Million at Partrick Sale
From Coin Dealer Newsletter Greysheet
Virginia Beach, Virginia
Friday, January 22, 2021
Gold market rigging now can be discussed at Kitco News
Submitted by cpowell on Fri, 2021-01-22 20:31 Section: Daily Dispatches8:30p ET Friday, January 22, 2021
Dear Friend of GATA and Gold:
Former U.S. Rep. Ron Paul, R-Texas, interviewed this week by David Lin at Kitco News, says that while he can't prove it, he believes that the U.S. government is manipulating the price of gold and is fully capable of doing so to maintain its monopoly on money.
Alasdair Macleod: Keynesians go all in
Submitted by cpowell on Thu, 2021-01-21 16:20 Section: Daily DispatchesBy Alasdair Macleod
GoldMoney, St. Helier, Jersey, Channel Islands
Thursday, January 21, 2021
Mainstream economists are celebrating Joe Biden’s election as U.S. president. For Keynesians, the outlook is for a reaffirmation of economic management by the state, and of reflationary monetary policies to restore economic growth, following the damage caused by covid lockdowns.
New chief of U.S. Exchange Stabilization Fund condemns currency manipulation
Submitted by cpowell on Tue, 2021-01-19 22:40 Section: Daily DispatchesNo one seems to have asked her what the Treasury Department's Exchange Stabilization Fund is for if not currency manipulation, nor why more than $600 billion was added to it a few weeks ago unless more currency manipulation was contemplated. Such is American politics, and such is financial journalism.
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Janet Yellen Vows to Take Hard Line Against Currency Manipulation
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