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Daily Dispatches
Craig Hemke at Sprott Money: U.S. real rates are already negative and will get more so, boosting gold
Submitted by cpowell on Tue, 2020-02-25 21:04 Section: Daily Dispatches9:06p ET Tuesday, February 24, 2020
Dear Friend of GATA and Gold:
Writing at Sprott Money, the TF Metals Report's Craig Hemke asserts tonight that the whole U.S. Treasury yield curve already offers a negative return in inflation-adjusted interest rates, even as more rate cuts are almost surely coming. This, Hemke writes, will push more safe-haven money toward gold in all its forms.
Ontario teachers pension fund strikes innovative cash-for-gold deal
Submitted by cpowell on Tue, 2020-02-25 20:54 Section: Daily DispatchesBy Aoyon Ashraf and Paula Sambo
Bloomberg News
Tuesday, February 24, 2020
New Gold Inc. surged after forming an unusual partnership with Ontario Teachers Pension Plan that gives the miner $300 million in exchange for selling a portion of the free cash flow from its flagship operation.
Pam and Russ Martens: Wall Street banks, insurers sell off, dangerously linked by derivative trades
Submitted by cpowell on Tue, 2020-02-25 13:02 Section: Daily DispatchesBy Pam and Russ Martens
Wall Street on Parade
Tuesday, February 26, 2020
JPMorgan eyes plan to tap Fed's discount window to break stigma
Submitted by cpowell on Tue, 2020-02-25 10:21 Section: Daily DispatchesDoes this sound like an economy or financial system that's in great shape?
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By Christopher Condon and Shahien Nasiripour
Bloomberg News
Tuesday, February 25, 2020
Who smashed gold this afternoon? Let's 'round up the usual suspects'
Submitted by cpowell on Mon, 2020-02-24 19:39 Section: Daily Dispatches7:52p ET Monday, February 24, 2020
Dear Friend of GATA and Gold:
Somebody seems to have dumped a lot of gold derivatives on the market this afternoon, and Zero Hedge estimates it at $3 billion worth and attributes it to the Bank for International Settlements:
https://www.zerohedge.com/commodities/gold-suddenly-hammered-multi-billi...
Dave Kranzler: Gold is signaling a financial system disaster
Submitted by cpowell on Mon, 2020-02-24 14:24 Section: Daily DispatchesBy Dave Kranzler
Investment Research Dynamics, Denver
Monday, February 24, 2020
Gold is signaling that a financial system disaster will hit.
Dan Oliver: The money to push gold past $10,000 has already been issued
Submitted by cpowell on Sun, 2020-02-23 20:37 Section: Daily Dispatches8:35p ET Sunday, February 24, 2020
Dear Friend of GATA and Gold:
Gold will reach and pass $10,000 per ounce because the money that will drive the price there has already been issued, Myrmikan Capital founder and managing member Dan Oliver writes in a fascinating study of gold backing for central bank balance sheets through history.
Subscribe to The Calandra Report, make money with mining shares, and support GATA
Submitted by cpowell on Sun, 2020-02-23 11:29 Section: Daily Dispatches11:30a ET Sunday, February 23, 2020
Dear Friend of GATA and Gold:
Sean Fieler: President Trump's effort to shake up the Federal Reserve
Submitted by cpowell on Sun, 2020-02-23 11:17 Section: Daily DispatchesBy Sean Fieler
Daily Caller, Washington, D.C.
Friday, February 21, 2020
https://dailycaller.com/2020/02/21/trump-federal-reserve-fieler/
There is more to President Donald Trump's monetary policy than political self-interest. If the president simply wanted low rates and to ease the regulatory burden of the Federal Reserve, he could achieve these outcomes without much resistance.
With gold surging, miners face payouts-vs.-production dilemma
Submitted by cpowell on Sun, 2020-02-23 10:38 Section: Daily DispatchesBy Justina Vasquez, Danielle Bochove, and Steven Frank
Bloomberg News
Sunday, February 23, 2020
As gold prices rise, miners have been boosting shareholder payouts in the face of a decline in global output. That's worrying some investors concerned about the longterm growth prospects of an industry built on a depleting resource.
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