Daily Dispatches

Major governments vow to maintain their 'currency monopoly'

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G7 Finance Officials Back Need to Regulate Digital Currencies

By Andrea Shalal and Christian Kraemer
Reuters
Monday, December 7, 2020

Finance ministers and central bankers from the Group of Seven advanced economies strongly supported the need to regulate digital currencies, the U.S. Treasury Department said in a statement today after a virtual meeting of the officials.

Pam and Russ Martens: The 'market' is now the NYFed's trading desk

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Mission Creep or Creepy Mission: The New York Fed's Trading Desk Has Ballooned to $6.59 Trillion Today from $576 Billion in 2008

By Pam and Russ Martens
Wall Street on Parade
Friday, December 11, 2020

Daniel J. Smith: Judy Shelton's rejection doesn't mean gold standard failed

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By Daniel J. Smith, Director
Political Economy Research Institute
Middle Tennessee State University, Murfreesboro
via Nashville Business Journal
Thursday, December 10, 2020

Negative-yield debt pile at $18 trillion for first time

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Remember when they sneered that gold doesn't pay interest?

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By Cormac Mullen
Bloomberg News
Thursday, December 10, 2020

The world’s stockpile of negative-yielding debt has swelled to a fresh record in a sign that demand for havens is just as intense as that for riskier assets.

BIS masterminds gold, silver smashes, London trader Maguire says

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9:24p ET Thursday, December 10, 2020

Dear Friend of GATA and Gold:

London metals trader Andrew Maguire, interviewed yesterday by Chris Marcus of Arcadia Economics, says the Bank for International Settlements has been masterminding the recent smashes of monetary metals prices and that buyers of gold futures contracts are being offered hefty bonuses not to take delivery.

Alasdair Macleod: Prospects for the U.K. and the pound

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By Alasdair Macleod
GoldMoney, St. Helier, Jersey, Channel Islands
Thursday, December 10, 2020

Market rigging by government is worse than 'spoofing' by banks, GATA chairman says

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10:40p ET Wednesday, December 9, 2020

Dear Friend of GATA and Gold:

Manipulation of the gold and silver markets by the U.S. Federal Reserve and Treasury Department is far more significant than the manipulative "spoofing" done in those markets by JPMorganChase and other bullion banks, GATA Chairman Bill Murphy says in an interview with Edson Miranda of AGXPay.com in Liechtenstein.

ECB's insatiable appetite slowly shuts down Europe's bond market

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By John Ainger
Bloomberg News
Wednesday, December 9, 2020

In Europe investors like Alessandro Tentori are starting to say their goodbyes to the region's bond market, worried that soon there may not be any place left for them.

If you like mining shares and GATA, try The Calandra Report

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8:20p ET Wednesday, December 9, 2020

Dear Friend of GATA and Gold:

Advice from the snakepit: Dump gold for cryptocurrencies

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1:34p ET Wednesday, December 9, 2020

Dear Friend of GATA and Gold:

The Bloomberg report below says market analysts for JPMorganChase & Co. believe that investment gold will suffer for years from competition with bitcoin and other cryptocurrencies.

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