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Daily Dispatches
In Arcadia Economics interview, Maguire elaborates on expectation of metals price 'reset'
Submitted by cpowell on Thu, 2020-08-06 14:11 Section: Daily Dispatches2:10p ET Thursday, August 6, 2020
Dear Friend of GATA and Gold:
Pam and Russ Martens: Sri Lanka is top user of Fed emergency lending program
Submitted by cpowell on Thu, 2020-08-06 12:58 Section: Daily DispatchesBy Pam and Russ Martens
Wall Street on Parade
Thursday, August 6, 2020
At Fed Chairman Jerome Powell's press conference on July 29, he persisted in his explanation that all the Fed's bailout programs are really about helping the American people get back on their feet. Here's one more, among a growing mountain, of reasons to question that.
China and Russia ditch dollar in move toward 'financial alliance'
Submitted by cpowell on Thu, 2020-08-06 12:30 Section: Daily DispatchesBy Dimitri Simes
Nikkei Asian Review, Tokyo
Thursday, August 6, 2020
MOSCOW -- Russia and China are partnering to reduce their dependence on the dollar -- a development some experts say could lead to a "financial alliance" between them.
John Authers: Gold is expensive, and may be just warming up
Submitted by cpowell on Thu, 2020-08-06 12:23 Section: Daily DispatchesBy John Authers
Bloomberg News
Thursday, August 6, 2020
As I write, gold has surged to yet another record, topping $2,050 per ounce. Is it overpriced?
Mainstream news organization can't avoid a positive report about gold
Submitted by cpowell on Wed, 2020-08-05 19:43 Section: Daily DispatchesStunned by Gold's Record Rise? There's More to Come, Analysts Say
By Peter Hobson
Reuters
Wednesday, August 5, 2020
LONDON -- The speed at which gold has broken above $2,000 an ounce has left some in the market fearing a correction, but many analysts predict more gains as the coronavirus crisis spurs investors to buy into bullion's relative safety.
Goldman breaks with anti-gold cabal as physical vanquishes derivatives, Maguire tells Arcadia Economics
Submitted by cpowell on Wed, 2020-08-05 19:27 Section: Daily Dispatches7:32p ET Wednesday, August 5, 2020
Dear Friend of GATA and Gold:
Investment bank and "vampire squid" Goldman Sachs has broken with the cabal of gold price-suppressing investment banks and central banks and is maneuvering with other central banks so that physical demand for the monetary metals overwhelms the derivatives that have been holding them down.
Pam and Russ Martens: Wall Street banks that got biggest Fed bailouts long have been dogs to shareholders
Submitted by cpowell on Wed, 2020-08-05 14:01 Section: Daily DispatchesBy Pam and Russ Martens
Wall Street on Parade
Wednesday, August 5, 2020
Jan Nieuwenhuijs: Switzerland has world's highest gold savings rate
Submitted by cpowell on Wed, 2020-08-05 13:32 Section: Daily Dispatches1:30p ET Wednesday, August 5, 2020
Dear Friend of GATA and Gold:
Switzerland's population likely has the highest per-capita gold savings rate in the world, with 920 tonnes in private hands and 1,040 tonnes held in Swiss central bank reserves, Voima Goldl researcher Jan Nieuwenhuijs reports this week. Combining the two totals makes 231 grams of gold per capita.
Craig Hemke: Collapsing real interest rates will keep driving gold higher
Submitted by cpowell on Wed, 2020-08-05 13:18 Section: Daily Dispatches1:20p ET Wednesday, August 5, 2020
Dear Friend of GATA and Gold:
Real interest rates are going negative, the TF Metals Report's Craig Hemke writes this week at Sprott Money, and will be the main driver of gold prices as the United States enters another period of "stagflation," like the period in the 1970s in which gold soared.
As dollar slides, some investors fret about its status as world's reserve currency
Submitted by cpowell on Wed, 2020-08-05 12:52 Section: Daily DispatchesBy Saqib Iqbal Ahmed
Reuters
Wednesday, August 5, 2020
NEW YORK -- Some investors are worried the U.S. response to the coronavirus pandemic is dealing a body blow to the dollar, potentially accelerating what has so far been a slow erosion in the greenback's status as the world's dominant reserve currency.
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