Daily Dispatches

Derivatives' danger may have gotten too big for central banks, Rickards says

Submitted by cpowell on Wed, 2019-10-30 18:00 Section: Daily Dispatches

5p CT Wednesday, October 30, 2019

Dear Friend of GATA and Gold:

For some big-picture financial and geopolitical commentary it might be hard to do better than the interview conducted a few days ago by comedians Konstantin Kisin and Francis Foster with author, economist, consultant, and gold advocate James G. Rickards.

Read more about Derivatives' danger may have gotten too big for central banks, Rickards says

Craig Hemke at Sprott Money: Bullion banks will be painting gold's tape again now

Submitted by cpowell on Tue, 2019-10-29 18:17 Section: Daily Dispatches

6:15p ET Tuesday, October 29, 2019

Dear Friend of GATA and Gold:

Read more about Craig Hemke at Sprott Money: Bullion banks will be painting gold's tape again now

Ted Butler: The return of the silver whale?

Submitted by cpowell on Mon, 2019-10-28 19:16 Section: Daily Dispatches

7:15p ET Monday, October 28, 2019

Dear Friend of GATA and Gold:

Read more about Ted Butler: The return of the silver whale?

Pam and Russ Martens: Fed fears an explosion on Wall Street, and JPM lit the fuse

Submitted by cpowell on Mon, 2019-10-28 11:46 Section: Daily Dispatches

By Pam and Russ Martens
Wall Street on Parade
Monday, October 28, 2019

JPMorgan Chase is the largest bank in the United States, with $1.6 trillion in deposits from more than 5,000 retail bank branches spread across the country. When it withdraws liquidity from the U.S. financial system, that has a reverberating impact.

Read more about Pam and Russ Martens: Fed fears an explosion on Wall Street, and JPM lit the fuse

Russian central bank creating a financial settlements system with China and India

Submitted by cpowell on Mon, 2019-10-28 11:37 Section: Daily Dispatches

By Dmitry Grinkevich and Inna Grigoryeva
Izvestia, Moscow
Monday, October 28, 2019

Russia, China, and India have come up with a way to organize settlements in case of disconnection from the SWIFT system.

Read more about Russian central bank creating a financial settlements system with China and India

India's central bank quashes reports of selling gold reserves

Submitted by cpowell on Sun, 2019-10-27 10:50 Section: Daily Dispatches

From The Times of India, Mumbai
Sunday, October 27, 2019

MUMBAI -- The Reserve Bank of India today clarified that it had not sold any of its gold reserves and neither done any trading in the metal.

The central bank's announcement, in a series of tweets, came after some reports that the bank has been selling its gold reserves. ...

Read more about India's central bank quashes reports of selling gold reserves

Interventions against monetary metals are losing impact, GATA secretary says

Submitted by cpowell on Sat, 2019-10-26 10:23 Section: Daily Dispatches

10:24a ET Saturday, October 26, 2019

Dear Friend of GATA and Gold:

In an interview this week with Mike Gleason of Money Metals Exchange, your secretary/treasurer remarks that the usual government-inspired smashdowns in the gold and silver markets seem to be losing their impact.