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Daily Dispatches
If you like mining shares and GATA, subscribe to The Calandra Report
Submitted by cpowell on Tue, 2020-11-24 14:21 Section: Daily Dispatches2:23p ET Tuesday, November 24, 2020
Dear Friend of GATA and Gold:
With gold and silver due to rebound from their latest smashdown inspired by the U.S. government, you might be getting the impression that the monetary metals are going to have the last laugh on infinite government money and that mining company profit margins, already getting strong, will get stronger.
Hugo Salinas Price: Governments seem confident that they can squelch bitcoin any time they want to
Submitted by cpowell on Tue, 2020-11-24 12:19 Section: Daily Dispatches12:20p ET Tuesday, November 24, 2020
Dear Friend of GATA and Gold:
New York Sun: Janet Yellen to Treasury? So much for Fed independence
Submitted by cpowell on Tue, 2020-11-24 11:55 Section: Daily DispatchesFrom The New York Sun
Monday, November 23 2020
News that Vice President Biden intends to nominate the former chairman of the Federal Reserve, Janet Yellen, to be treasury secretary certainly has its ironies.
Morgan's profit from gold business this year more than covers $920 million fine for market rigging
Submitted by cpowell on Mon, 2020-11-23 22:47 Section: Daily DispatchesJPMorgan Dominates Gold Market with Record $1 Billion Precious Metals Revenue
By Peter Hobson
Reuters
Monday, November 23, 2020
LONDON -- JPMorgan has earned record revenue of around $1 billion so far this year from trading, storing, and financing precious metals, vastly outperforming rival banks, two sources familiar with the matter told Reuters.
Dollar falls to 2018 lows as vaccine optimism damps haven demand
Submitted by cpowell on Mon, 2020-11-23 11:31 Section: Daily DispatchesBy Ruth Carson and Greg Ritchie
Bloomberg News
Monday, November 23, 2020
The dollar dropped to a 2 1/2-year low as the prospect of vaccine rollouts added to headwinds for the world's reserve currency.
Brian Chappatta: The Fed put is here to stay
Submitted by cpowell on Mon, 2020-11-23 11:21 Section: Daily DispatchesFed's ETF Purchases Have Changed Markets Forever
By Brian Chappatta
Bloomberg News
Monday, November 23, 2020
If you like mining shares and GATA, subscribe to The Calandra Report
Submitted by cpowell on Sun, 2020-11-22 12:51 Section: Daily Dispatches12:54p ET Sunday, November 22, 2020
Dear Friend of GATA and Gold:
With gold and silver rebounding strongly from their latest smashdown inspired by the U.S. government, you might be getting the impression that the monetary metals are going to have the last laugh on infinite government money and that mining company profit margins, already getting strong, will get stronger.
A professor's mistaken disparagement of the gold standard
Submitted by cpowell on Sun, 2020-11-22 12:31 Section: Daily Dispatches12:38p ET Sunday, November 22, 2020
Dear Friend of GATA and Gold:
GATA does not advocate returning currency systems to a gold standard. This organization advocates free and transparent markets for the monetary metals and keeping government out of them.
China's central bank officials see bigger global role for yuan as dollar wanes
Submitted by cpowell on Sun, 2020-11-22 11:08 Section: Daily DispatchesBy He Huifeng and Guo Rui
South China Morning Post, Hong Kong
Sunday, November 22, 2020
The Chinese currency is set to play a bigger role in global trade and investment in the wake of the pandemic, with the dominance of the U.S. dollar in the international monetary system expected to decline, two Chinese central bank officials said on the weekend.
Dave Kranzler: Delivery demands won't break Comex but metal removal from vaults will
Submitted by cpowell on Fri, 2020-11-20 18:40 Section: Daily Dispatches6:43p ET Friday, November 20, 2020
Dear Friend of GATA and Gold:
Dave Kranzler of Investment Research Dynamics in Denver writes today that "the price management team" in gold is striving to shake out gold futures longs before what are shaping up to be huge delivery demands on the December Comex contract.
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