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Daily Dispatches
How modern monetary theory could spike a new bull cycle in gold
Submitted by cpowell on Sun, 2019-08-18 19:28 Section: Daily DispatchesBy Chad Slater
Australian Financial Review, Melbourne
Monday, August 19, 2019
The year is 2003 and a long argument has ensued over gold and inflation. Gold is trading at $US370 an ounce, having recently traded at lows of $US250. I am locked in a debate with an analyst colleague who is adamant that gold is going to soar on the back of the coming inflation from interest rates near zero.
This year more than ever, gold and silver investors should join GATA in New Orleans
Submitted by cpowell on Sun, 2019-08-18 11:53 Section: Daily Dispatches11:54a ET Sunday, August 18, 2019
Dear Friend of GATA and Gold:
GATA Chairman Bill Murphy and your secretary/treasurer again will be speaking at the New Orleans Investment Conference this year, and in the letter below the conference's organizer, Gold Newsletter Editor Brien Lundin, explains why you should join us there.
Thom Calandra boosts his subscription offer to GATA supporters
Submitted by cpowell on Sun, 2019-08-18 11:46 Section: Daily Dispatches11:47a ET Sunday, August 18, 2019
Dear Friend of GATA and Gold:
Pakistan government likely to introduce dollar-based saving scheme
Submitted by cpowell on Sun, 2019-08-18 11:23 Section: Daily DispatchesBy Shahbaz Rana
The Express Tribune, Karachi, Pakistan
Sunday, August 18, 2019
ISLAMABAD, Pakistan -- In a move that could further weaken people's trust in local currency, the federal government may launch a new U.S. dollar-based saving scheme, which will entitle people to claim profits and encash saving instruments at future currency exchange rates.
A $1.6 billion horror as people in Ghana can't get their savings
Submitted by cpowell on Sun, 2019-08-18 11:08 Section: Daily DispatchesBy Moses Mozart Dzawu
Bloomberg News
Sunday, August 18, 2019
Isaac and Bless Boahen saved for months to fund her economics doctorate, but when the time came to cash in the investment, they were left empty-handed.
Worried Hong Kong residents are moving money out as protests escalate
Submitted by cpowell on Sun, 2019-08-18 10:45 Section: Daily DispatchesBy Steven Russolillo, Joanne Chiu, and Eli Binder
The Wall Street Journal
Sunday, August 18, 2019
Money is leaking out of Hong Kong as months of protests raise concerns about the city's future.
India's central bank suckers 15 tonnes of gold, 19,985 to go
Submitted by cpowell on Sat, 2019-08-17 13:47 Section: Daily DispatchesReserve Bank of India Makes It Easier to Deposit Gold Under Monetization Scheme
From The Times of India, Mumbai
Saturday, August 17, 2019
MUMBAI, India -- In a move to revive the flagging Gold Monetisation Scheme 2015, the Reserve Bank of India has made it easier for depositors to hand over their holdings of the precious metal.
Fearful Argentines pull dollars from banks after election shock
Submitted by cpowell on Sat, 2019-08-17 09:32 Section: Daily DispatchesBy Ignacio Olivera Doll
Bloomberg News
Friday, Augustd 16, 2019
Argentines have been withdrawing dollars from banks and keeping them at home since President Mauricio Macri's defeat in a key primary election sent the peso tumbling.
Pam and Russ Martens: Rivals prop up Citi because if it goes down, they all do
Submitted by cpowell on Fri, 2019-08-16 23:00 Section: Daily DispatchesShould This Be Illegal -- Banks Recommending a Stock to the Public, then Secretly Trading It in Their Own Dark Pool?
By Pam and Russ Martens
Wall Street on Parade
Friday, August 16, 2019
Trump called bank CEOs to hear how good everything is
Submitted by cpowell on Fri, 2019-08-16 13:54 Section: Daily DispatchesTrump Held Conference Call with Big Bank CEOs Amid Market Turmoil, Source Tells Reuters
By Steve Holland and Pete Schroeder
Reuters
Friday, August 16, 2019
WASHINGTON -- President Donald Trump held a conference call on Wednesday with the chief executives of the three largest Wall Street banks as financial markets were in turmoil, one source with direct knowledge of the matter said today.
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