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Daily Dispatches
U.S. dollar's share of currency reserves nears 5-year low, IMF says
Submitted by cpowell on Fri, 2018-12-28 21:41 Section: Daily DispatchesBy Richard Leong
Reuters
Friday, December 28, 2018
The U.S. dollar's share of currency reserves reported to the International Monetary Fund fell in the third quarter to a near five-year low, while the euro’s share of reserves grew to its largest in almost four years, data released today showed.
Fund managers puzzled by market action that financial news organizations won't investigate
Submitted by cpowell on Fri, 2018-12-28 09:19 Section: Daily DispatchesWhy not ask the Fed and Treasury to identify the markets they are secretly trading in, and the CFTC if it regulates government trading or looks the other way?
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'Completely Bizarre' Stock Moves Leave Traders Scratching Heads
By Abhishek Vishnoi, Min Jeong Lee, and Matthew Burgess
Bloomberg News
Friday, December 28, 2018
Gartman calls GATA 'always' bullish on gold but mining industry disagrees
Submitted by cpowell on Wed, 2018-12-26 14:38 Section: Daily Dispatches2:55p ET Wednesday, December 26, 2018
Dear Friend of GATA and Gold:
Thanks to GATA's old friend, gold market analyst John Brimelow, publisher of the Brimelow Gold Jottings letter, for calling attention to Dennis Gartman's comments about GATA in today's edition of The Gartman Letter:
Russia would like to mine Venezuela's gold
Submitted by cpowell on Wed, 2018-12-26 14:12 Section: Daily DispatchesRussian Companies Get Green Light to Mine Gold in Venezuela
From Russia Today, Moscow
Wednesday, December 26, 2018
Venezuelan authorities have offered to let Russian companies take part in gold exploration and gold mining in the country, according to the Russian ambassador to Venezuela, Vladimir Zaemsky.
Ronan Manly: Russian central bank's gold buying now may extend to international markets
Submitted by cpowell on Tue, 2018-12-25 11:15 Section: Daily Dispatches11:15a ET Tuesday, December 25, 2018
Dear Friend of GATA and Gold:
History will vindicate GATA -- if only when its founders are long gone
Submitted by cpowell on Tue, 2018-12-25 10:30 Section: Daily DispatchesI am against bigness and greatness in all their forms, and with the invisible molecular moral forces that work from individual to individual, stealing in through the crannies of the world like so many soft rootlets, or like the capillary oozing of water, and yet rending the hardest monuments of man's pride, if you give them time.
The thousand-dollar bill that could be worth $3 million
Submitted by cpowell on Tue, 2018-12-25 10:12 Section: Daily DispatchesToday the silver that backed this note would be worth 50 percent more than the note's face value.
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By James Tarmy
Bloomberg News
Thursday, December 20, 2018
Interest rate futures say Fed is all but done with hikes
Submitted by cpowell on Tue, 2018-12-25 09:56 Section: Daily DispatchesFrom Reuters
Monday, December 24, 2018
The Federal Reserve is finished raising U.S. interest rates.
That is the message emerging from the interest rate futures market as Monday's full-blown flight from risk assets drove traders to price out nearly any prospect of further rate increases from the Fed, which raised rates again only last week.
Treasury secretary summons 'Plunge Protection Team' as markets tumble
Submitted by cpowell on Sun, 2018-12-23 20:01 Section: Daily DispatchesBy Jason Lange
Reuters
Sunday, December 23, 2018
WASHINGTON -- U.S. President Donald Trumps Treasury secretary called top U.S. bankers on Sunday amid an ongoing rout on Wall Street and made plans to convene a group of officials known as the "Plunge Protection Team."
London's streets are no longer paved with gold as miners struggle
Submitted by cpowell on Sun, 2018-12-23 16:02 Section: Daily DispatchesBy Thomas Biesheuvel
Bloomberg News
Sunday, December 23, 2018
Reports that AngloGold Ashanti Ltd. is considering a London listing provide some festive cheer to a city that's lost its way as a home for gold miners.
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