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Daily Dispatches
Senate prepares to vote on Trump Fed board nominee Judy Shelton
Submitted by cpowell on Thu, 2020-11-12 20:06 Section: Daily DispatchesBy James Politi
Financial Times, London
Thursday, November 12, 2020
WASHINGTON -- The U.S. Senate is preparing to vote as early as next week to confirm Judy Shelton, Donald Trump's nominee to the Federal Reserve board and a fierce critic of the U.S. central bank.
GATA Chairman Murphy interviewed by Ken Ameduri for Crush the Street
Submitted by cpowell on Thu, 2020-11-12 10:51 Section: Daily Dispatches10:54a ET Thursday, November 12, 2020
Dear Friend of GATA and Gold:
Ken Ameduri of Crush the Street yesterday interviewed GATA Chairman Bill Murphy about the latest desperate efforts of governments, central banks, and investment banks to push monetary metals prices down. The interview is 14 minutes long and can be viewed at YouTube here:
Gold market authority threatens to blacklist UAE and other bullion centers
Submitted by cpowell on Thu, 2020-11-12 10:42 Section: Daily DispatchesBy Peter Hobson
Reuters
Thursday, November 12, 2020
LONDON -- The world's most influential gold market authority is threatening to stop bullion from countries including the United Arab Emirates entering the mainstream market if they fail to meet regulatory standards, a letter seen by Reuters showed.
Pam and Russ Martens: JPMorgan negotiating another penalty with U.S. government
Submitted by cpowell on Tue, 2020-11-10 11:50 Section: Daily DispatchesJPMorgan Chase Is Under a New Federal Investigation, One Month After Getting Slapped with Its 4th and 5th Criminal Felony Counts
By Pam and Russ Martens
Wall Street on Parade
Tuesday, November 10, 2020
U.S. still faces possible default wave, asset declines due to pandemic, Fed warns
Submitted by cpowell on Mon, 2020-11-09 18:39 Section: Daily DispatchesFrom Reuters
Monday, November 9, 2020
WASHINGTON -- The United States may still face a wave of debt defaults and "significant declines" in asset prices because of the coronavirus pandemic and recession, the Federal Reserve warned today, in a stark reminder the economy is far from out of the woods.
Four gold coins unearthed in Jerusalem show ancient political turmoil
Submitted by cpowell on Mon, 2020-11-09 13:41 Section: Daily DispatchesFrom The Times of Israel, Jerusalem
Monday, November 9, 2020
A small pottery jar containing four pure gold coins dating back more than a thousand years was unearthed during archaeological excavations ahead of the planned installation of an elevator at Jerusalem's Western Wall, the Israel Antiquities Authority announced today.
Brutus' coin marking Julius Caesar's assassination sets auction record
Submitted by cpowell on Sat, 2020-11-07 19:03 Section: Daily DispatchesBy Billy Cox
Sarasota (Florida) Herald-Tribune
Friday, October 30, 3030
A prediction by a local numismatics expert made big headlines Thursday when a Roman artifact exceeded expectations to become the world's most expensive ancient coin.
Alasdair Macleod: The consequences of budget deficits for international trade
Submitted by cpowell on Fri, 2020-11-06 21:27 Section: Daily DispatchesBy Alasdair Macleod
GoldMoney, St. Helier, Jersey, Channel Islands
Thursday, November 5, 2020
In all the economic mayhem ahead, no one is yet thinking of the consequences for trade imbalances. The twin deficit hypothesis informs us that skyrocketing U.S. budget deficits will lead to increasing trade deficits, a situation with serious political consequences.
Another attempt to help The Wall Street Journal solve the supposed mystery of gold
Submitted by cpowell on Fri, 2020-11-06 19:34 Section: Daily Dispatches7:42p ET Friday, November 6, 2020
Dear Friend of GATA and Gold:
Today's edition of The Wall Street Journal published another clueless report about what it called gold's failure to function as a safe haven amid financial turmoil.
... Dispatch continues below ...
Buy, Sell, or Store Precious Metals with Money Metals Exchange
Negative-yield debt pile just hit another record high
Submitted by cpowell on Fri, 2020-11-06 11:21 Section: Daily DispatchesBy Cormac Mullen and John Ainger
Bloomberg News
Thursday, November 5, 2020
The world's stockpile of negative-yielding debt has swelled to a record in the wake of the U.S. election, as investors lower expectations for a fiscal splurge and turn their focus back to monetary support.
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