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Daily Dispatches
Pam and Russ Martens: The Fed has hidden the transactions of three emergency lending programs
Submitted by cpowell on Mon, 2020-08-03 11:13 Section: Daily DispatchesCorrecting the Wall Street on Parade link at the bottom.
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By Pam and Russ Martens
Wall Street on Parade
Monday, August 3, 2020
Shuli Ren: Gold can do what bonds can't in a super-low-rate world
Submitted by cpowell on Mon, 2020-08-03 10:45 Section: Daily DispatchesBy Shuli Ren
Bloomberg News
Monday, August 3, 2020
n the past decade, a traditional 60/40 portfolio of stocks and bonds, as represented by the S&P 500 index and long-term government bonds, was a winner. But with U.S. bond yields moving toward zero or even negative territory, it may be time to rethink that mix.
One thought: How about swapping out some bonds for gold?
Anthony Rowley: Why the U.S. dollar slide may be a sign of real danger this time
Submitted by cpowell on Sun, 2020-08-02 18:16 Section: Daily DispatchesBy Anthony Rowley
South China Morning Post, Hong Kong
Monday, August 3, 2020
https://www.scmp.com/comment/opinion/article/3095534/why-us-dollar-slide...
Sprott's weekly review praises GATA and Ted Butler
Submitted by cpowell on Sat, 2020-08-01 09:44 Section: Daily Dispatches9:44a ET Saturday, August 1, 2020
Dear Friend of GATA and Gold:
Reviewing the week in gold and silver with Craig Hemke for Sprott Money, mining entrepreneur Eric Sprott says investing increasingly is taking silver that ordinarily would be purchased for industrial use, driving the price up. Physical demand on the New York Commodities Exchange, Sprott says, has become "crazy."
102 tonnes of gold changing hands on Comex's biggest-ever delivery day
Submitted by cpowell on Fri, 2020-07-31 23:20 Section: Daily DispatchesBy Peter Hobson
Reuters
Friday, July 31, 2020
LONDON -- Traders on CME Group's Comex exchange in New York said on Thursday they would deliver 102 tonnes of gold to holders of expiring futures contracts, in the biggest one-day delivery on record.
Reviewing alternative reserve currencies, Bloomberg gets gold all wrong
Submitted by cpowell on Fri, 2020-07-31 13:15 Section: Daily Dispatches1:22p ET Friday, July 31, 2020
Dear Friend of GATA and Gold:
Give Bloomberg News a little credit for a report today questioning the U.S. dollar's role as the world reserve currency and noting that other world reserve currencies have come and gone over the centuries:
https://www.bloomberg.com/news/articles/2020-07-31/the-dollar-s-leading-...
NY Sun: Doubts emerge about dollar's role as reserve currency
Submitted by cpowell on Fri, 2020-07-31 11:34 Section: Daily DispatchesFrom The New York Sun
Friday, July 31, 2020
https://www.nysun.com/editorials/doubts-emerge-over-role-of-dollar-as-re...
U.S. dollar suffers its worst month in a decade
Submitted by cpowell on Fri, 2020-07-31 11:19 Section: Daily DispatchesBy Olivia Konotey-Ahulu
Bloomberg News
Friday, July 31, 2020
The euro rose the most in a decade this month, the British pound is headed for its best July since 1990, and for the first time this year, every major currency in the world rose against the greenback.
It's all thanks to the dollar's 4.6% plunge, its biggest monthly retreat since 2010.
... Dispatch continues below ...
GATA secretary interviewed comprehensively by Meir Bank
Submitted by cpowell on Thu, 2020-07-30 12:58 Section: Daily Dispatches12:55p ET Thursday, July 30, 2020
Dear Friend of GATA and Gold:
Gold market observer Meir Bank last week interviewed your secretary/treasurer comprehensively for an hour, asking many good questions about GATA's founding and purposes, gold price suppression history and policy, and the prospects for the monetary metals. The interview can be seen at YouTube here:
Gold's record rally fuelled by unlikely buyers
Submitted by cpowell on Thu, 2020-07-30 10:42 Section: Daily DispatchesBy Ranjeetha Pakiam, Jack Farchy, and Anchalee Worrachate
Bloomberg News
Wednesday, July 29, 2020
Gold's surge to an all-time high is winning over a wider fan base of pension funds, insurance companies, and private wealth specialists.