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Daily Dispatches
Violation of position limits shows latest metals smash was government operation, Maguire says
Submitted by cpowell on Sun, 2021-01-24 19:45 Section: Daily Dispatches7:50p ET Sunday, January 24, 2021
Dear Friend of GATA and Gold:
London metals trader Andrew Maguire, interviewed Thursday by Chris Marcus for Arcadia Economics, said bullion banks exceeded position limits in their gold and silver trading during the recent smashdown of metals prices.
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What if the big silver futures shorts are trading for the government?
Submitted by cpowell on Sun, 2021-01-24 13:07 Section: Daily Dispatches1:19p Sunday, January 24, 2021
Dear Friend of GATA and Gold:
In an essay posted today at GoldSeek's companion site, SilverSeek., silver market analyst Ted Butler writes about the seeming inability of the major bullion banks to close their huge short positions in silver futures without exploding the price and costing them a lot of money.
Investment banks' private calls with ECB chief economist are questioned
Submitted by cpowell on Fri, 2021-01-22 20:56 Section: Daily DispatchesECB to Review Format of Private Calls by Chief Economist to Investors
By Martin Arnold
Financial Times, London
Friday, January 22, 2021
FRANKFURT, Germany -- The European Central Bank is to review the format of private calls its chief economist has held with financial market participants, including Goldman Sachs, JPMorgan Chase, and BlackRock, to discuss its monetary policy decisions.
Auction gets record price for one of first nine gold coins struck in U.S.
Submitted by cpowell on Fri, 2021-01-22 20:44 Section: Daily DispatchesNGC-certified Brasher Doubloon Realizes a Record $9.36 Million at Partrick Sale
From Coin Dealer Newsletter Greysheet
Virginia Beach, Virginia
Friday, January 22, 2021
Gold market rigging now can be discussed at Kitco News
Submitted by cpowell on Fri, 2021-01-22 20:31 Section: Daily Dispatches8:30p ET Friday, January 22, 2021
Dear Friend of GATA and Gold:
Former U.S. Rep. Ron Paul, R-Texas, interviewed this week by David Lin at Kitco News, says that while he can't prove it, he believes that the U.S. government is manipulating the price of gold and is fully capable of doing so to maintain its monopoly on money.
Alasdair Macleod: Keynesians go all in
Submitted by cpowell on Thu, 2021-01-21 16:20 Section: Daily DispatchesBy Alasdair Macleod
GoldMoney, St. Helier, Jersey, Channel Islands
Thursday, January 21, 2021
Mainstream economists are celebrating Joe Biden’s election as U.S. president. For Keynesians, the outlook is for a reaffirmation of economic management by the state, and of reflationary monetary policies to restore economic growth, following the damage caused by covid lockdowns.
New chief of U.S. Exchange Stabilization Fund condemns currency manipulation
Submitted by cpowell on Tue, 2021-01-19 22:40 Section: Daily DispatchesNo one seems to have asked her what the Treasury Department's Exchange Stabilization Fund is for if not currency manipulation, nor why more than $600 billion was added to it a few weeks ago unless more currency manipulation was contemplated. Such is American politics, and such is financial journalism.
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Janet Yellen Vows to Take Hard Line Against Currency Manipulation
Hugo Salinas Price: The coming gold rush
Submitted by cpowell on Tue, 2021-01-19 21:24 Section: Daily Dispatches9:20p ET Tuesday, January 19, 2021
Dear Friend of GATA and Gold:
Hugo Salinas Price, president of the Mexican Civic Association for Silver, tonight notes that no amount of "not-for-profit" selling of masses of gold futures contracts can prompt the analysts of Kitco.com to acknowledge that governments are desperately trying to suppress the price of the monetary metal.
Pam and Russ Martens: Yellen is set to inherit a lot of power, thanks to stealthy changes in law
Submitted by cpowell on Mon, 2021-01-18 11:38 Section: Daily DispatchesBy Pam and Russ Martens
Wall Street on Parade
Monday, January 18, 2021
Yellen to make clear U.S. doesn't seek weak dollar
Submitted by cpowell on Sun, 2021-01-17 21:24 Section: Daily DispatchesBy Kate Davidson
The Wall Street Journal
Sunday, January 17, 2021
WASHINGTON -- Janet Yellen is expected to affirm the United States' commitment to market-determined exchange rates when she testifies on Capitol Hill Tuesday, and she will make clear the U.S. doesn't seek a weaker dollar for competitive advantage, according to Biden transition officials familiar with her hearing preparation.
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