Daily Dispatches

India's central bank suckers 15 tonnes of gold, 19,985 to go

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Reserve 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

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By 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

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Should 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

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Trump 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.

Pam and Russ Martens: Market plunge sheds harsh light on big banks and their derivatives counterparties

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By Pam and Russ Marens
Wall Street on Parade
Thursday, August 15, 2019

As we've previously reported, five mega-banks on Wall Street hold the fate of the entire financial system of the United States in their crony, frequently soiled hands. Yesterday's trading action clearly showed the ugly warts between those banks and their derivative counterparties in the insurance industry.

Help GATA by subscribing to The Calandra Report

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9:56a ET Thursday, August 15, 2019

Dear Friend of GATA and Gold:

Now that the monetary metals seem to be breaking out of their central bank chains, companies that produce gold, silver, and other strategic resources are starting to draw investment again.

This year more than ever, gold and silver investors should be in New Orleans

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9:52a ET Thursday, August 15, 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.

Murphy, Rule, Hemke, and Morgan interviewed by Phil Kennedy

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3:39p ET Wednesday, August 14, 2019

Dear Friend of GATA and Gold:

China curbs gold imports as trade war heats up, sources tell Reuters

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From Reuters
Wednesday, August 14, 2019

China has severely restricted imports of gold since May, bullion industry sources with direct knowledge of the matter told Reuters, in a move that could be aimed at curbing outflows of dollars and bolstering its yuan currency as economic growth slows.

... Dispatch continues below ...



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U.S. Treasury bond curve inverts for first time since 2007 in recession warning

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From Reuters
Wednesday, August 14, 2019

LONDON -- The U.S. Treasury bond yield curve inverted on Wednesday for the first time since 2007, in a sign of investor concern that the world’s biggest economy could be heading for recession.

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