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Daily Dispatches
Distressed debt hits almost $1 trillion, nears 2008 peak
Submitted by cpowell on Thu, 2020-03-26 00:26 Section: Daily DispatchesBy Katherine Doherty
Bloomberg News
Wednesday, March 25, 2020
The amount of distressed debt in the United States has quadrupled in less than a week to nearly $1 trillion, reaching levels not seen since 2008 as the collapse of oil prices and fallout from the coronavirus shutters entire industries across the globe.
Gold market snarled by virus lockdown as world races for haven
Submitted by cpowell on Wed, 2020-03-25 20:15 Section: Daily DispatchesBy Jack Farchy and Justina Vasquez
Bloomberg News
Wednesday, March 25, 2020
The gold market is creaking, in the latest sign of how the coronavirus pandemic is causing chaos across financial markets.
Miners are back, so follow them with The Calandra Report and help GATA
Submitted by cpowell on Wed, 2020-03-25 12:38 Section: Daily Dispatches12:40p ET Wednesday, March 25, 2020
Dear Friend of GATA and Gold:
Now that the monetary metals industry is suddenly back in business after a couple of weeks in which the metals were smashed in the futures markets to prepare the way for distribution of infinite money, financial letter writer Thom Calandra is renewing his generous offer to GATA supporters.
London Gold Pool is collapsing again, Turk tells KWN
Submitted by cpowell on Wed, 2020-03-25 12:25 Section: Daily Dispatches12:28p ET Wednesday, March 25, 2020
Dear Friend of GATA and Gold:
The second iteration of the London Gold Pool is collapsing, GoldMoney founder and GATA consultant James Turk tells King World News today. This time, Turk says, there is no announcement from central banks. Instead "the markets are telling us what is happening."
Turk's comments are posted at KWN here:
Ronan Manly: LBMA colludes with the Comex -- to lock down the gold market?
Submitted by cpowell on Wed, 2020-03-25 11:55 Section: Daily Dispatches11:58a ET Wednesday, March 25, 2020
Dear Friend of GATA and Gold:
Reviewing the gold delivery difficulties acknowledged this week, Bullion Star researcher Ronan Manly concludes today that the problem is in London with members of the London Bullion Market Association, not with the New York Commodities Exchange, which seldom has had any metal in the first place.
World's rich struggle to get hold of gold in 'crazy' moment
Submitted by cpowell on Wed, 2020-03-25 11:25 Section: Daily DispatchesBy Benjamin Stupples
Bloomberg News
Wednesday, March 25, 2020
Ludwig Karl is stuck at home, worried about his elderly relatives. All the while his business is booming.
Trillion-dollar coins would fund perpetually loaded debit cards for all
Submitted by cpowell on Tue, 2020-03-24 22:29 Section: Daily DispatchesTlaib Wants to Hand Out Debit Cards During Coronavirus, Mint Trillion-Dollar Coins to Cover Cost
By Tyler Olson
Fox News, New York
Tuesday, March 24, 2020
CME resolving physical gold squeeze with 100-ounce, 400-ounce, and 1-kg bars
Submitted by cpowell on Tue, 2020-03-24 21:53 Section: Daily DispatchesBy Neils Christensen
Kitco News, Montreal
Tuesday, March 24, 2020
Increasing pressure from market players and significant liquidity issues in the gold market are prompting CME Group to make some changes in how it delivers its physical gold.
Dutch bank ABN AMRO closing customer gold accounts
Submitted by cpowell on Tue, 2020-03-24 21:39 Section: Daily Dispatches9:31p ET Tuesday, March 24, 2020
Dear Friend of GATA and Gold:
End of metals price suppression is near, GATA chairman says
Submitted by cpowell on Tue, 2020-03-24 21:12 Section: Daily Dispatches9:15p ET Tuesday, March 24, 2020
Dear Friend of GATA and Gold:
Interviewed last week by digital silver vendor AGXpay, GATA Chairman Bill Murphy forecast the end of gold and silver price suppression. It may not be here yet but he had good timing. The interview is nine minutes long and can be viewed at YouTube here:
https://www.youtube.com/watch?v=T0M71lxcl-I&feature=youtu.be
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