Daily Dispatches

9:54p ET Tuesday, February 8, 2022

Dear Friend of GATA and Gold:

Gold prices are not necessarily knocked down by rising interest rates, the TF Metals Report's Craig Hemke writes today at Sprott Money. To the contrary, Hemke writes, gold has risen strongly along with Federal Reserve attempts to raise rates.

Hemke's analysis is headlined "On Rates and Gold" and it's posted at Sprott Money here:

Goldman Commodity Veteran Says He's Never Seen a Market Like It

Alex Longley and Francine Lacqua
Bloomberg News via Yahoo News
Monday, February 7, 2022

Jeff Currie, the closely-followed head of commodities research at Goldman Sachs Group Inc., says he's never seen commodity markets pricing in the shortages they are right now. 

3:33p ET Thursday, February 3, 2022

Dear Friend of GATA and Gold:

What is the "soul" of money.

In a speech last month to Goethe University's Institute for Law and Finance in Frankfurt, Germany, the general manager of the Bank for International Settlements, Agustin Carstens, declared that the "soul" of money is trust in central banks:

https://www.bis.org/speeches/sp220118.htm

By Martin Arnold
Financial Times, London
Wednesday, February 2, 2022

Consumer prices in the eurozone rose by a record 5.1% in January from a year earlier, keeping inflation higher than expected and increasing the pressure on the European Central Bank to respond with tighter monetary policy.

Steeper increases in the price of energy and food were only partly offset by slower growth in prices of manufactured goods, which meant annual inflation rose from its previous eurozone record of 5% in December, Eurostat said today.