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Daily Dispatches
Fed soon will endorse the inflation that has been running wild for years
Submitted by cpowell on Mon, 2020-08-17 11:34 Section: Daily DispatchesFed Close to Making Its New Inflation Strategy Official
By Christopher Condon and Vivien Lou Chen
Bloomberg News
Monday, August 17, 2020
The Federal Reserve will soon reveal a subtle yet profound shift in how it conducts monetary policy for the world’s largest economy, officially embracing a more relaxed view on inflation.
Neil Newman: It's time to ditch the crashing U.S. dollar and buy groceries with gold. Here's how
Submitted by cpowell on Mon, 2020-08-17 00:03 Section: Daily DispatchesBy Neil Newman
South China Morning Post, Hong Kong
Monday, August 17, 2020
I was having a beer the other week with an esteemed former colleague and superb commodities commentator, Tom Holland, who was saying that he kept hearing from people thinking the U.S. dollar would "crash" and that he thought they might be right.
The U.S. dollar threat is becoming very real for China
Submitted by cpowell on Sun, 2020-08-16 23:57 Section: Daily DispatchesBy Stephen Bartholomeusz
Sydney Morning Herald
Monday, August 17, 2020
When the Trump administration imposed sanctions on 11 senior Hong Kong officials, including chief executive Carrie Lam, just over a week ago, the responses of the individuals targeted ranged from the dismissive to derision. Banks and mainland China’s financial authorities aren’t as complacent.
China's bank regulator warns that dollar dominance is seed of crisis
Submitted by cpowell on Sun, 2020-08-16 23:48 Section: Daily DispatchesFrom Bloomberg News
Sunday, August 16, 2020
China's top banking watchdog cautioned that U.S. dollar dominance combined with the massive stimulus unleashed by the Federal Reserve could push the world to the edge of another financial crisis.
Pressure mounts on Swiss refinery Valcambi over questionable gold origins
Submitted by cpowell on Sun, 2020-08-16 15:52 Section: Daily DispatchesFrom the Swiss Broadcasting Corp.
Bern, Switzerland
Sunday, August 16, 2020
Industry associations are calling on Switzerland's largest gold refinery to clarify the origins of its gold purchased from Dubai traders.
Nick Barisheff: Gold has been the best investment of the last 20 years
Submitted by cpowell on Sun, 2020-08-16 13:21 Section: Daily Dispatches1:20p ET Sunday, August 16, 2020
Dear Friend of GATA and Gold:
Don't expect the Financial Times or Wall Street Journal to reprint the new essay by Nick Barisheff of Bullion Management Group in suburban Toronto, but with several charts he shows that gold has delivered superior investment performance against all currencies for the last 20 years.
Gold is flying high but getting harder to mine
Submitted by cpowell on Sun, 2020-08-16 11:42 Section: Daily DispatchesBy Alistair MacDonald
The Wall Street Journal
Sunday, August 16, 2020
Gold miners are riding high as the metal trades at record prices, but digging it out of the ground is getting harder.
Gold is among the rarest metals in the earth's crust and much of the easier-to-get ore has already been mined. What is left is harder to find and more expensive to extract, miners say.
Tom Luongo: Is this the end of Comex paper gold?
Submitted by cpowell on Sun, 2020-08-16 11:24 Section: Daily Dispatches11:23a ET Sunday, August 16, 2020
Dear Friend of GATA and Gold:
Analyzing the recent changes and turmoil in gold, market watcher Tom Luongo concludes that some entities with deep pockets -- almost certainly Russia and China -- are collapsing the "paper gold" system with their delivery demands.
Jan Nieuwenhuijs: How the Fed controlled the gold price from 1982-1995
Submitted by cpowell on Sat, 2020-08-15 09:16 Section: Daily Dispatches9:14 ET Saturday, August 15, 2020
Dear Friend of GATA and Gold:
Citing an academic study, Voima Gold researcher Jan Nieuwenhuijs writes today that in the 1980s through at least 1995 the U.S. Federal Reserve considered the gold price to be a key indicator of expectations of consumer price inflation and so set interest rates to "stabilize" both inflation and the gold price itself.
Gold, silver impress Sprott by stabilizing so fast after Tuesday's smash
Submitted by cpowell on Fri, 2020-08-14 23:13 Section: Daily Dispatches11:10p Friday, August 14, 2020
Dear Friend of GATA and Gold:
Mining entrepreneur and philanthropist Eric Sprott, in his weekly interview with Craig Hemke for Sprott Money News, finds it remarkable that gold and silver prices stabilized as quickly as they did after Tuesday's smash in the futures markets.
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