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Daily Dispatches
USAGold's 'News & Views' surveys the age of 'return-free risk'
Submitted by admin on Tue, 2022-02-01 11:56 Section: Daily Dispatches11:55a ET Tuesday, February 1, 2022
Dear Friend of GATA and Gold:
USAGold's "News & Views" letter for February contains a dozen fascinating items about recent developments in the age of "return-free risk." It's posted in the clear at USAGold here:
https://www.usagold.com/nv1038february2022/
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org
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Pam and Russ Martens: For whom is New York Fed seeking 'investment opportunities'?
Submitted by admin on Tue, 2022-02-01 11:22 Section: Daily DispatchesIs the New York Fed Working for the American People or the Wall Street Banks that Own It?
By Pam and Russ Martens
Wall Street on Parade
Tuesday, February 1, 2022
Adding to a very long laundry list of questions about exactly whom the New York Fed serves is the help-wanted ad that was posted four days ago.
The ad is for a "financial planning and analysis expert" to work at the New York Fed's headquarters in lower Manhattan. One part of the job description is this: "modelling of potential investment opportunities."
Monetary metals are most undervalued assets, GATA chairman tells GoldSeek Radio
Submitted by admin on Mon, 2022-01-31 19:59 Section: Daily Dispatches7:58p ET Monday, January 31, 2022
Dear Friend of GATA and Gold:
Fundamentals for the monetary metals couldn't be better but the metals keep getting pounded down in the futures markets, GATA Chairman Bill Murphy tells GoldSeek Radio's Chris Waltzek. Even so, Murphy adds, this makes the metals the cheapest assets in the world and excellent values for investment.
The interview is 11 minutes long and can be heard at GoldSeek here:
Gold Reporter: 21 tonnes of gold removed from New York Fed vault
Submitted by admin on Mon, 2022-01-31 13:04 Section: Daily DispatchesFrom Gold Reporter, Germany
Monday, January 31, 2022
At the end of 2021, 21 metric tons of gold were withdrawn from custody at the Federal Reserve Bank of New York. It is as yet unclear who collected the gold. ...
... For the remainder of the report:
https://www.goldreporter.de/who-pulled-21-tons-of-gold-out-of-new-york/english/105722/
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Pam and Russ Martens: NY Fed has second trading floor at Chicago futures markets
Submitted by admin on Mon, 2022-01-31 10:23 Section: Daily DispatchesNo wonder the U.S. Commodity Futures Trading Commission declines to answer, even for a member of Congress, whether the commission has jurisdiction over manipulative futures trading by or on behalf of the government or whether such manipulative trading is authorized by the Gold Reserve Act of 1934, as amended:
The gold rush returns to California
Submitted by admin on Sun, 2022-01-30 10:34 Section: Daily DispatchesBy Becki Robins
Undark Magazine, Cambridge, Massachusetts
Monday, January 24, 2022
On the outskirts of the northern California town of Grass Valley, a massive concrete silo looms over the weeds and crumbling pavement. Nearby, unseen, a mine shaft drops 3,400 feet into the earth.
Alasdair Macleod: Why central bank digital currencies may never happen
Submitted by admin on Thu, 2022-01-27 17:25 Section: Daily DispatchesBy Alasdair Macleod
GoldMoney, Toronto
Thursday, January 27, 2022
The Federal Reserve has just released its first public consultation paper on a dollar-based central bank digital currency. For many, central bank digital currencies (CBDCs) are a means of heading off private-sector cryptos, but coincidentally the prices of bitcoin and others have collapsed, losing half their value since early November.
China's 2021 gold consumption jumps by a third in year as economy grows
Submitted by admin on Thu, 2022-01-27 11:53 Section: Daily DispatchesBy Emily Chow
Reuters
Thursday, January 27, 2022
BEIJING -- China's 2021 gold consumption rose by over a third from the previous year, as its economy rebounded from the coronavirus impact, the China Gold Association said today.
Consumption in the world's largest gold consumer rose 36.53% year-on-year to 1,120.9 tonnes. It was also up 11.78% compared with consumption in 2019, before the pandemic.
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Pam and Russ Martens: Wall Street megabanks have shifted their derivative exposure to corporations
Submitted by admin on Thu, 2022-01-27 11:19 Section: Daily DispatchesBy Pam and Russ Martens
Wall Street on Parade
Thursday, January 27, 2022
The last thing a volatile stock market needs right now is more surprises from the dark corners of Wall Street. Unfortunately, we can guarantee you that more surprises are coming in the way of uncleared derivatives blowing up on the balance sheets of publicly-traded corporations.
How do we know this?
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Craig Hemke: The strange correlation of Comex silver and GDX
Submitted by admin on Tue, 2022-01-25 22:16 Section: Daily DispatchesBy Craig Hemke
Sprott Money, Toronto
Tuesday, January 25, 2022
As we all await the latest Federal Open Market Committee mutterings on Wednesday, I thought it might be fun to write this week about something you may not have noticed. And what's that?
It's the curious yet almost 100% long-term correlation between the price of Comex silver and the price of the popular gold mining share exchange-traded fund with the symbol GDX.
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