Daily Dispatches

Gold is setting records dating back over 5,000 years -- against silver

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By Steve Goldstein
MarketWatch.com, New York
Tuesday, March 17, 2020

Gold hasn't been such a terrific hedge of late against the turmoil from the coronavirus pandemic that has upended financial markets.

John Kim: Violent price divergences between physical and metal futures prices

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By John Kim
Tuesday, March 17, 2020

https://maalamalama.com/wordpress/violent-price-divergences-between-phys...

Violent price divergences are developing between physical precious metals and futures prices for the big four: gold, silver, platinum, and palladium.

As gold plunges, Chinese investors find new haven in steel rods

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From Bloomberg News
Tuesday, March 17, 2020

Investors in China have found an unlikely new hiding place from the chaos engulfing financial markets.

Government broadens investigations of spoofing-like practices by JPM

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By Dave Michaels
The Wall Street Journal
Tuesday, March 17, 2020

WASHINGTON -- Authorities are investigating whether traders at JPMorgan Chase & Co. manipulated the market for Treasury securities and futures contracts, according to regulatory disclosures and people familiar with the matter.

Ambrose Evans-Pritchard: Monetize and bail out everything with financial repression

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The Moment When Monetary 'Shock and Awe' Finally Fails Has Arrived: What Do We Do Next?

By Ambrose Evans-Pritchard
The Telegraph, London
Tuesday, March 17, 2020

Central banks have exhausted almost all their usable ammunition under existing rules yet still failed to calm markets or to unfreeze critical parts of the global financial system.

Trump administration plans to send checks to everyone in two weeks

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By Sam Potter and Jeremy Herron
Bloomberg News
Tuesday, March 17, 2020

U.S. stocks rebounded from the biggest rout since 1987 as the U.S. government stepped up its efforts to offset the financial damage caused by the coronavirus. Treasuries tumbled.

Upside-down world of negative rates is coming for U.S. savers

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By Emily Barrett
Bloomberg News
Tuesday, March 17, 2020

Mattresses full of money, getting paid to take out a mortgage, surging demand for safe-deposit boxes -- these are some of the ideas people have about what happens when interest rates turn negative.

As infinite money chases collapsing production, gold is on call

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12:02p ET Tuesday, March 17, 2020

Dear Friend of GATA and Gold:

A few observations on the turmoil in the financial system.

1) Because of the virus epidemic, economic production is being sharply curtailed around the world and likely will remain sharply curtailed for some time.

Key source of corporate cash seizing up amid credit market rout

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By Jennifer Surane, Paula Seligson, Alex Harris, and Liz McCormick
Bloomberg News
Monday, March 16, 2020

A corner of the financial system that provides corporate America with short-term IOUs to buy inventory or make payrolls is seizing up, triggering a scramble for cash elsewhere and fueling speculation that the Federal Reserve will intervene.

Ronan Manly: Margin-call rationale for gold's plunge doesn't fit facts

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By Ronan Manly
Bullion Star, Singapore
Monday, March 16, 2020

... It's surprising to many that the gold price has turned back twice in the last two weeks from breaking out above the U.S. $1,700 level -- all in an environment of collapsing stock markets, general market panic, end-of-the-world scenarios, and now a U.S. national emergency.

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