Daily Dispatches

No inflation? These guys must not shop for groceries or pay medical insurance premiums

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Fed's Bullard Says U.S. Likely to Miss Inflation Target for Eighth Year

From Reuters
Thursday, February 7, 2019

WASHINGTON -- The Federal Reserve is likely to miss its 2 percent inflation target for an eighth straight year in 2019, a further sign the U.S. central bank's recent round of rate increases should end, James Bullard, president of the St. Louis Federal Reserve Bank, said today.

Russia's new shield against U.S. sanctions: A Siberian gold mine

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By Thomas Grove
The Wall Street Journal
Thursday, February 7, 2019

SUKHOI LOG, Russia -- Beneath this plot of land in southeastern Siberia lie vast stores of gold, according to Russia's biggest gold producer, Polyus PJSC , and tapping them could provide the Russian central bank with a huge and nearly sanction-proof backstop for its currency.

Maduro sold 40% of Venezuela's gold last year amid cash crunch

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By Patricia Laya and Alex Vasquez
Bloomberg News
Wednesday, February 6, 2019

President Nicolas Maduro blew through more than 40 percent of Venezuela's gold reserves last year in a desperate bid to fund government programs and pay millions to bondholders.

French magazine challenges Banque de France's gold lending plans

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12:45p ET Wednesday, February 6, 2019

Dear Friend of GATA and Gold:

Politique magazine in Paris this week published a report by Edouard Freval about the Banque de France's new interest in lending and swapping gold through JPMorganChase & Co. even as credit and currency risks are rising and other central banks are acquiring the monetary metal to guard against those risks.

Craig Hemke at Sprott Money: Mr. Palladium punches back

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11p ET Tuesday, February 5, 2019

Dear Friend of GATA and Gold:

Answer GATA's questions on gold market rigging, congressman tells CFTC

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Congressman Demands CFTC Explain Its Failure to Find Silver Market Manipulation Where Justice Department Did

From Money Metals News Service, Eagle, Idaho
Tuesday, February 5, 2019

https://www.moneymetals.com/news/2019/02/05/cftc-silver-market-manipulat...

Dave Kranzler: The Fed blinked and gold and silver are going higher

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1:19p ET Tuesday, February 5, 2019

Dear Friend of GATA and Gold:

New York Sun: Trump's ideal nominee for the Fed

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From The New York Sun
Monday, February 4, 2019

GoldSeek Radio's Chris Waltzek interviews GATA Chairman Bill Murphy

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6p ET Sunday, February 3, 2019

Dear Friend of GATA and Gold:

A voice from inside the gold swap and price-rigging business

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11:17a ET Sunday, February 3, 2019

Dear Friend of GATA and Gold:

GATA consultant Robert Lambourne's report yesterday about the gold trading signified by the December financial statement of the Bank for International Settlements speculated that the bank's use of gold swaps might mean to recover gold for central banks that are inconveniently short in their official reserves:

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