Daily Dispatches

Pam and Russ Martens: JPMorgan negotiating another penalty with U.S. government

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JPMorgan Chase Is Under a New Federal Investigation, One Month After Getting Slapped with Its 4th and 5th Criminal Felony Counts

By Pam and Russ Martens
Wall Street on Parade
Tuesday, November 10, 2020

U.S. still faces possible default wave, asset declines due to pandemic, Fed warns

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From Reuters
Monday, November 9, 2020

WASHINGTON -- The United States may still face a wave of debt defaults and "significant declines" in asset prices because of the coronavirus pandemic and recession, the Federal Reserve warned today, in a stark reminder the economy is far from out of the woods.

Four gold coins unearthed in Jerusalem show ancient political turmoil

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From The Times of Israel, Jerusalem
Monday, November 9, 2020

A small pottery jar containing four pure gold coins dating back more than a thousand years was unearthed during archaeological excavations ahead of the planned installation of an elevator at Jerusalem's Western Wall, the Israel Antiquities Authority announced today.

Brutus' coin marking Julius Caesar's assassination sets auction record

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By Billy Cox
Sarasota (Florida) Herald-Tribune
Friday, October 30, 3030

A prediction by a local numismatics expert made big headlines Thursday when a Roman artifact exceeded expectations to become the world's most expensive ancient coin.

Alasdair Macleod: The consequences of budget deficits for international trade

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By Alasdair Macleod
GoldMoney, St. Helier, Jersey, Channel Islands
Thursday, November 5, 2020

In all the economic mayhem ahead, no one is yet thinking of the consequences for trade imbalances. The twin deficit hypothesis informs us that skyrocketing U.S. budget deficits will lead to increasing trade deficits, a situation with serious political consequences.

Another attempt to help The Wall Street Journal solve the supposed mystery of gold

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7:42p ET Friday, November 6, 2020

Dear Friend of GATA and Gold:

Today's edition of The Wall Street Journal published another clueless report about what it called gold's failure to function as a safe haven amid financial turmoil.

... Dispatch continues below ...



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Negative-yield debt pile just hit another record high

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By Cormac Mullen and John Ainger
Bloomberg News
Thursday, November 5, 2020

The world's stockpile of negative-yielding debt has swelled to a record in the wake of the U.S. election, as investors lower expectations for a fiscal splurge and turn their focus back to monetary support.

U.S. Rep. Alex Mooney, who puts key questions to Fed, Treasury, and CFTC, easily re-elected

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By Mike Tony
Charleston (West Virginia) Gazette-Mail
Tuesday, November 3, 2020

U.S. Rep. Alex Mooney held a commanding lead in his bid for a fourth term representing the 2nd Congressional District.

As of midnight with nearly all precincts reporting, Mooney, a Republican, had tallied 156,184 votes to Democratic challenger Cathy Kunkel's 93,279, according to MetroNews.

Ronan Manly: QE and stimulus will continue no matter who is in charge

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11:07a ET Wednesday, November 4, 2020

Dear Friend of GATA and Gold:

Bullion Star's Ronan Manly argues today that the outcome of the U.S. elections won't change the country's monetary course, a fast track to infinite money and debt, which would seem positive for the monetary metals.

USAGold's November letter links the decline of a currency's value with decline of society

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10:52a ET Wednesday, November 4, 2020

Dear Friend of GATA and Gold:

The November edition of USAGold's "News & Views" letter may be most notable for two obserations:

-- Gold has increasing appeal of gold as a hedge against financial market risks.

-- The decline of a currency's value mirrors the decline of the society served by the currency.

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