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Daily Dispatches
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Submitted by cpowell on Wed, 2020-12-02 11:46 Section: Daily Dispatches11:49a ET Wednesday, December 2, 2020
Dear Friend of GATA and Gold:
With gold and silver rebounding from their latest smashdown inspired by the U.S. government, you might be getting the impression that the monetary metals are going to have the last laugh on infinite government money and that mining company profit margins, already getting strong, will get stronger.
Bitcoin's rally spurs Wall Street to question future of gold
Submitted by cpowell on Wed, 2020-12-02 00:20 Section: Daily DispatchesBy Eddie Spence and Yvonne Yue Li
Bloomberg News
Tuesday, December 1, 2020
Bitcoin has shot to a record just as billions of institutional dollars have fled gold.
With dollar falling, metals won't be held down much longer, Turk says
Submitted by cpowell on Tue, 2020-12-01 17:20 Section: Daily Dispatches5:20p ET Tuesday, December 1, 2020
Dear Friend of GATA and Gold:
USAGold: Since 2015 year-end gold selloffs have led to new-year rallies
Submitted by cpowell on Tue, 2020-12-01 13:00 Section: Daily Dispatches1p ET Tuesday, December 1, 2020
Dear Friend of GATA and Gold:
USAGold's "News & Views" letter for December, edited as always by Mike Kosares, may be most interesting for noting that since 2015 year-end selloffs in gold have turned into rallies in the new year. December's "News & Views" is posted in the clear here:
Top ECB official privately called investors, banks after key policy decisions
Submitted by cpowell on Tue, 2020-12-01 12:54 Section: Daily DispatchesBy Tom Fairless and Paul J. Davies
The Wall Street Journal
Tuesday, December 1, 2020
Hugo Salinas Price: No free market in gold, just constant government intervention
Submitted by cpowell on Tue, 2020-12-01 12:43 Section: Daily Dispatches12:40p ET Tuesday, December 1, 2020
Dear Friend of GATA and Gold:
Hugo Salinas Price of the Mexican Civic Association for Silver shows today how "not for profit" selling of gold in the futures market happens constantly and is meant to suppress the monetary metal's price and thereby defend government currencies.
If you love mining shares and GATA, subscribe to The Calandra Report
Submitted by cpowell on Tue, 2020-12-01 11:32 Section: Daily Dispatches11:34a ET Tuesday, December 1, 2020
Dear Friend of GATA and Gold:
With gold and silver due to rebound from their latest smashdown inspired by the U.S. government, you might be getting the impression that the monetary metals are going to have the last laugh on infinite government money and that mining company profit margins, already getting strong, will get stronger.
Pam and Russ Martens: ESF slush fund for market rigging has grown to $386 billion
Submitted by cpowell on Tue, 2020-12-01 11:26 Section: Daily Dispatches11:24a ET Tuesday, December 1, 2020
Dear Friend of GATA and Gold:
Wall Street on Parade's Pam and Russ Martens report today that the cash sitting in the U.S. Treasury Department's secretive Exchange Stabilization Fund for market intervention has grown to $386 billion.
Financial Times begins to notice that government inflation data misleads
Submitted by cpowell on Mon, 2020-11-30 08:49 Section: Daily DispatchesNegative Eurozone Inflation Rate Obscures Staple Goods' Rising Cost
By Valentina Romei
Financial Times, London
Monday, November 30, 2020
Dollar plumbs two-year low as Fed's December meeting comes into focus
Submitted by cpowell on Sun, 2020-11-29 20:31 Section: Daily DispatchesBy Tom Westbrook
Reuters
Sunday, November 29, 2020
SYDNEY -- The U.S. dollar fell to a more than two-year low on Monday and is set to log its largest monthly fall since July, as a combination of vaccine optimism and bets on more monetary easing in the United States drives investors out of the world's reserve currency.
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