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Daily Dispatches
Former Fed staffers urge Senate to reject Shelton nomination
Submitted by cpowell on Fri, 2020-08-21 11:28 Section: Daily DispatchesIf Shelton is such a threat to the financial establishment, this may be the strongest reason yet for the Senate to confirm her.
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By Jonnelle Marte
Reuters
Thursday, August 20, 2020
Colombia sold two-thirds of its gold in June just before a record high
Submitted by cpowell on Fri, 2020-08-21 10:50 Section: Daily DispatchesAnother rich country insisting on being poor helps those central banks that are trying to keep the gold price down.
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By Oscar Medina
Bloomberg News
Thursday, August 20, 2020
Colombia sold two-thirds of its gold reserves in a single month just as investors seeking havens against global turmoil were about to drive the metal to a record high.
Two giant gold nuggets worth US$250,000 found in Australia
Submitted by cpowell on Thu, 2020-08-20 11:42 Section: Daily DispatchesBy Jack Guy
Cable News Network, Atlanta
Thursday, August 20, 2020
Gold diggers in southern Australia have found two huge nuggets worth A$350,000 (US$250,000) in historic goldfields.
GATA secretary reviews prospects for monetary metals in interview with Claudio Grass
Submitted by cpowell on Thu, 2020-08-20 11:13 Section: Daily Dispatches11:12a ET Thursday, August 20, 2020
Dear Friend of GATA and Gold:
Major recent changes in the gold market and what they may foretell are discussed in an interview with your secretary/treasurer conducted by market analyst and financial adviser Claudio Grass.
Central banks scale back dollar lending operation as demand drops
Submitted by cpowell on Thu, 2020-08-20 10:36 Section: Daily DispatchesBy Martin Arnold and Eva Szalay
Financial Times, London
Thursday, August 20, 2020
Four leading central banks have further scaled back the U.S. dollar liquidity they offer via emergency swap lines with the Federal Reserve, in the latest illustration of the global financial system's recovery from the market panic caused by coronavirus earlier this year.
Scotiabank pays $127.4 million to settle gold and silver spoofing claims
Submitted by cpowell on Wed, 2020-08-19 21:05 Section: Daily DispatchesBy Matt Robinson
Bloomberg News
Wednesday, August 19, 2020
Bank of Nova Scotia agreed to pay $127.4 million to settle U.S. allegations that the company engaged in spoofing of gold and silver futures contracts, and made false statements to the government.
Craig Hemke at Sprott Money: 'Speculative bubble' in gold and silver is fiction
Submitted by cpowell on Wed, 2020-08-19 11:24 Section: Daily Dispatches11:24a ET Wednesday, August 19, 2020
Dear Friend of GATA and Gold:
While some mainstream financial news organizations are reporting that gold and silver prices are in a "speculative bubble," the TF Metals Report's Craig Hemke, writing today at Sprott Money, shows that gold and silver futures contract volumes have been contracting steadily amid the recent price increases.
Venezuelan central bank's gold reserves fall to lowest level in 50 years
Submitted by cpowell on Mon, 2020-08-17 21:12 Section: Daily DispatchesFrom Reuters
Monday, August 17, 2020
CARACAS -- Venezuela's gold reserves fell by seven tonnes in the first half of the year to reach just 98 tonnes, their lowest level in 50 years, according to data published on Monday by the South American country's central bank.
Fed soon will endorse the inflation that has been running wild for years
Submitted by cpowell on Mon, 2020-08-17 11:34 Section: Daily DispatchesFed Close to Making Its New Inflation Strategy Official
By Christopher Condon and Vivien Lou Chen
Bloomberg News
Monday, August 17, 2020
The Federal Reserve will soon reveal a subtle yet profound shift in how it conducts monetary policy for the world’s largest economy, officially embracing a more relaxed view on inflation.
Neil Newman: It's time to ditch the crashing U.S. dollar and buy groceries with gold. Here's how
Submitted by cpowell on Mon, 2020-08-17 00:03 Section: Daily DispatchesBy Neil Newman
South China Morning Post, Hong Kong
Monday, August 17, 2020
I was having a beer the other week with an esteemed former colleague and superb commodities commentator, Tom Holland, who was saying that he kept hearing from people thinking the U.S. dollar would "crash" and that he thought they might be right.
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