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Daily Dispatches
Pam and Russ Martens: Despite JPM's five felonies, the Fed entrusts the bank with $2 trillion in bonds
Submitted by cpowell on Fri, 2020-10-30 11:21 Section: Daily DispatchesMaybe the Fed and JPMorgan Chase are actually the same entity -- the government is the bank and the bank is the government. That would explain many things very nicely.
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By Pam and Russ Martens
Wall Street on Parade
Friday, October 30, 3030
Alasdair Macleod: The fate of the pound sterling
Submitted by cpowell on Thu, 2020-10-29 23:43 Section: Daily DispatchesBy Alasdair Macleod
GoldMoney, St. Helier, Jersey, Channel Islands
Thursday, October 29, 2020
This is the third in a series of articles focused on the outlook for major currencies.
China's digital yuan aims to halt 'dollarization,' boost retail payments, ex-central bank chief says
Submitted by cpowell on Thu, 2020-10-29 11:07 Section: Daily DispatchesBy Frank Tang
South China Morning Post
Thursday, October 29, 2020
China's sovereign digital currency is designed primarily to grow retail payments at home and prevent the dominance of the U.S. dollar, rather than address threats raised by cryptocurrencies or stablecoins, a former central bank governor says.
Northern Ireland controversy shows why it's getting harder to mine gold
Submitted by cpowell on Wed, 2020-10-28 22:13 Section: Daily DispatchesBy Chris Baraniuk
British Broadcasting Co., London
Tuesday, October 27, 2020
For a thousand days, the caravan stood with banners and placards pinned to its side: "We are not afraid. This is our land. This is our home. We will die for it." Irish flags flutter in the wind. This is the anti-gold mine protest site set up by a group of locals in County Tyrone, Northern Ireland.
New financial system will center on gold, Jan Nieuwenhuijs tells Kitco News
Submitted by cpowell on Wed, 2020-10-28 21:46 Section: Daily Dispatches9:50p ET Wednesday, October 28, 2020
Dear Friend of GATA and Gold:
Gold researcher Jan Nieuwenhuijs, who now writes at The Gold Observer --
https://thegoldobserver.substack.com/
-- today explained to David Lin of Kitco News why he thinks some sort of gold standard will likely be the central part of a worldwide financial "reset."
'Greening' the world requires much more silver at a much higher price, First Majestic CEO says
Submitted by cpowell on Wed, 2020-10-28 21:09 Section: Daily Dispatches9:08p ET Wednesday, October 28, 2020
Dear Friend of GATA and Gold:
GATA got some compliments today as Andy Schectman and Elijah Johnson of the Miles Franklin coin and bullion shop interviewed First Majestic Silver CEO Keith Neumeyer.
Have central banks really become net sellers of gold?
Submitted by cpowell on Tue, 2020-10-27 12:35 Section: Daily DispatchesOr are financial journalism and market analysis merely failing again?
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12:41p ET Tuesday, October 27, 2020
Dear Friend of GATA and Gold:
According to the old saying, sometimes attributed to Mark Twain, there are three kinds of lies: ordinary lies, damned lies, and statistics.
China's yuan nowhere near cracking U.S. dollar hegemony
Submitted by cpowell on Tue, 2020-10-27 11:24 Section: Daily DispatchesBy Alicia Garcia-Herrero
Nikkei Asia, Tokyo
Tuesday, October 27, 2020
The yuan is higher than it has been in more than two years, and foreigners are suddenly showing interest again in holding the Chinese currency.
Kitco's Horwitz sees 'nothing new to report' in gold even as BIS intervention hits another record
Submitted by cpowell on Tue, 2020-10-27 00:09 Section: Daily Dispatches12:10p ET Tuesday, October 27, 2020
Dear Friend of GATA and Gold:
On Saturday GATA's expert on the Bank for International Settlements, Robert Lambourne, reported that the bank's surreptitious intervention in the gold market on behalf of its member central banks had reached another record high:
China reminds markets that yuan's challenge to dollar is still on
Submitted by cpowell on Mon, 2020-10-26 10:57 Section: Daily DispatchesFrom Bloomberg News
via Yahoo News
Monday, October 26, 2020
Investors wondering how China plans to evolve its financial markets in the coming years need look no further than the commentary from the weekend's Bund Summit in Shanghai for guidance.
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