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Daily Dispatches
Daily Reckoning's Brian Maher: Did the Fed bail out the market Friday?
Submitted by cpowell on Sat, 2020-03-07 10:59 Section: Daily DispatchesBy Brian Maher
The Daily Reckoning, Baltimore
Friday, March 6, 2020
This Tuesday we vented the theory that the Federal Reserve has been sneakily -- and illegally -- purchasing stocks.
Citing Graham Summers, senior market strategist at Phoenix Capital Research:
All dips are bought as gold cartel blows up, GATA chairman tells Reluctant Preppers
Submitted by cpowell on Sat, 2020-03-07 10:16 Section: Daily Dispatches10:18a ET Saturday, March 7, 2020
Dear Friend of GATA and Gold:
'Spread the word!' Zambia buys artisanal gold to formalize wildcat mining
Submitted by cpowell on Fri, 2020-03-06 14:44 Section: Daily DispatchesBy Chris Mfula
Reuters
Friday, March 6, 2020
LUSAKA, Zambia -- Zambia's mining investment arm ZCCM-IH has started buying gold from artisanal and small-scale miners in a bid to formalise the unregulated sector whose ranks have swelled worldwide as gold prices soar, the agency said today.
Asian mining conferences postponed indefinitely
Submitted by cpowell on Fri, 2020-03-06 13:13 Section: Daily Dispatches1:15p ET Friday, March 6, 2020
Dear Friend of GATA and Gold:
As gold prices gather momentum, scammers seek to capitalize
Submitted by cpowell on Fri, 2020-03-06 13:03 Section: Daily DispatchesBy Elliot Smith
CNBC, New York
Friday, March 6, 2020
The price of gold spiked again this week as investors sought surety amid concerns over the coronavirus outbreak, but scammers are also capitalizing on the surge.
The precious metal was trading at just below $1,670 today, having a few weeks ago surpassed $1,688.60 to hit its highest level since the start of 2013.
Pam and Russ Martens: Two charts explain why Wall Street bank stocks are selling off
Submitted by cpowell on Fri, 2020-03-06 12:19 Section: Daily DispatchesBy Pam and Russ Martens
Wall Street on Parade
Friday, March 6, 2020
Yesterday the Dow Jones Industrial Average of 30 large cap companies closed with a loss of 969.5 points or 3.58 percent. That was bad enough but the losses among the biggest Wall Street banks outpaced the Dow losses by a significant margin.
Fed quarantines for 7-10 days dollars repatriated from Asia
Submitted by cpowell on Fri, 2020-03-06 12:09 Section: Daily DispatchesBy Pete Schroeder and Anna Irrera
Reuters
Friday, March 6, 2020
WASHINGTON -- The greenback faces the same fate as many travelers returning home from China and other coronavirus hot spots.
Jan Nieuwenhuijs: Virus slowndown will induce 'helicopter money' or devaluation
Submitted by cpowell on Thu, 2020-03-05 21:13 Section: Daily Dispatches9:12p ET Thursday, March 5, 2020
Dear Friend of GATA and Gold:
Pam and Russ Martens: Demand for Fed's repos exceeds $100 billion a day as 10-year T-bond hits lowest rate in 149 years
Submitted by cpowell on Thu, 2020-03-05 13:26 Section: Daily DispatchesBy Pam and Russ Martens
Wall Street on Parade
Thursday, March 5, 2020
Investors in U.S. Treasuries contemplate yields tumbling to zero
Submitted by cpowell on Thu, 2020-03-05 11:58 Section: Daily DispatchesBy Colby Smith
Financial Times, London
Wednesday, March 4, 2020
In the wake of the first emergency interest-rate cut from the US Federal Reserve since the global financial crisis, investors have begun to grapple with a question that was once not even in the back of their minds: could U.S. Treasury yields fall to zero?
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