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Daily Dispatches
Venezuelan banks issuing debit cards for dollar-denominated accounts, sources tell Reuters
Submitted by cpowell on Wed, 2021-01-27 20:45 Section: Daily DispatchesBy Corina Pons and Mayela Armas
Reuters
Wednesday, January 27, 2021
CARACAS, Venezuela -- A group of Venezuelan banks has started issuing debit cards to clients who have accounts in hard currency, a move quietly backed by authorities who want to extend the use of dollars in routine transactions, sources familiar with the measure said.
Medieval treasure trove 'belonging to princess' found buried in Polish cornfield
Submitted by cpowell on Tue, 2021-01-26 20:44 Section: Daily DispatchesBy Stuart Dowell
The First News, Warsaw, Poland
Monday, December 21, 2020
Thousands of 12th-century treasures dating back nearly 900 years have been found in a cornfield near Kalisz.
Breakup of HSBC wouldn't be a shock
Submitted by cpowell on Tue, 2021-01-26 20:34 Section: Daily DispatchesBy Elisa Martinuzzi
Bloomberg News
Tuesday, January 26, 2021
HSBC Holdings, a London- and Hong Kong-listed banking behemoth with $3 trillion in assets, is among the handful of truly global lenders. But its future as an international firm -- a lynchpin of decades of trade between East and West -- is increasingly dictated by politics, not the laws of free-market economics.
Craig Hemke at Sprott Money: 'Yield-curve control' with negative real rates will unleash metals
Submitted by cpowell on Tue, 2021-01-26 19:42 Section: Daily Dispatches7:40p ET Tuesday, January 26, 2021
Dear Friend of GATA and Gold:
Craig Hemke of the TF Metals Report, writing tonight at Sprott Money, says "yield-curve control" -- the imposition of a precise ceiling on U.S. government bond interest rates -- is coming from the Federal Reserve sooner or later.
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Dogs and cats living together! Kitco News does gold price suppression again!
Submitted by cpowell on Tue, 2021-01-26 14:21 Section: Daily Dispatches2:24p ET Tuesday, January 26, 2021
Dear Friend of GATA and Gold:
"Fire and brimstone coming down from the skies! Rivers and seas boiling!...
"Forty years of darkness! Earthquakes, volcanoes! ...
"The dead rising from the grave! ...
"Human sacrifice, dogs and cats living together! Mass hysteria!"
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.
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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.
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