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Daily Dispatches
Fed's $3 trillion virus rescue inflates market bubbles
Submitted by cpowell on Mon, 2020-07-13 11:02 Section: Daily DispatchesBy Kate Duguid
Reuters
Monday, July 13, 2020
The Federal Reserve's $3 trillion bid to stave off an economic crisis in the wake of the coronavirus outbreak is fuelling excesses across U.S. capital markets.
The U.S. central bank has pledged unlimited financial asset purchases to sustain market liquidity, increasing its balance sheet from $4.2 trillion in February to $7 trillion today.
Rep. Mooney seeks to audit gold intervention, ban federal tax on precious metal coins
Submitted by cpowell on Sun, 2020-07-12 11:53 Section: Daily Dispatches11:56a ET Sunday, July 12, 2020
Dear Friend of GATA and Gold:
Surreptitious intervention in the gold market by the U.S. government is the target of legislation introduced in the House of Representatives by Rep. Alex X. Mooney, R-West Virginia.
Profit from mining shares and help GATA -- subscribe to The Calandra Report
Submitted by cpowell on Sat, 2020-07-11 22:12 Section: Daily Dispatches10:12p ET Saturday, July 11, 2020
Dear Friend of GATA and Gold:
With gold and silver straining to break higher and their mining shares already starting to fly, our friend Thom Calandra's financial letter is an ever-more compelling read, and Thom is renewing his generous offer to GATA and to GATA supporters who subscribe.
JPMorgan treasury trading chief placed on leave
Submitted by cpowell on Sat, 2020-07-11 09:31 Section: Daily DispatchesBy Michelle F. Davis
Bloomberg News
Friday, July 10, 2020
JPMorgan Chase & Co.'s head of U.S. Treasury trading, Robert Allen, has been placed on leave, according to a person with knowledge of the situation.
Zimbabwe's gold mines lure big investor despite country's economic ruin
Submitted by cpowell on Fri, 2020-07-10 10:24 Section: Daily DispatchesBy Felix Njini and Godfrey Marawanyika
Bloomberg News
Friday, July 10, 2020
Zimbabwe's biggest gold mines are being snapped up by Mauritius-based Sotic International Ltd. as the price of bullion soars to the highest in more than eight years.
Johannesburg gold stocks slay records as virus bolsters bullion
Submitted by cpowell on Fri, 2020-07-10 10:18 Section: Daily DispatchesBy Adelaide Changole
Bloomberg News
Friday, July 10, 2020
The red-hot rally in gold prices driven by investor concern about the coronavirus pandemic and its impact on the global economy has propelled South African gold stocks to record-slaying highs.
Why 'safe haven' gold and the stock market are now moving the same direction
Submitted by cpowell on Thu, 2020-07-09 22:00 Section: Daily DispatchesBy William Watts
MarketWatch.com, New York
Thursday, July 9, 2020
'Death Cross' strikes U.S. dollar as virus cases grow
Submitted by cpowell on Wed, 2020-07-08 23:04 Section: Daily DispatchesBy Saqib Iqbal Ahmed
Reuters
Wednesday, July 8, 2020
NEW YORK -- A resurgent coronavirus pandemic in the United States and the prospect of improving growth abroad are souring some investors on the dollar, threatening a years-long rally in the currency.
Profit from mining shares and help GATA -- subscribe to The Calandra Report
Submitted by cpowell on Wed, 2020-07-08 11:30 Section: Daily Dispatches11:30a ET Wednesday, July 8, 2020
Dear Friend of GATA and Gold:
With gold and silver straining to break higher and their mining shares already starting to fly, our friend Thom Calandra's financial letter is an ever-more compelling read, and Thom is renewing his generous offer to GATA and to GATA supporters who subscribe.
London metals trader Maguire and GATA consultant Organ discuss collapse of fractional-reserve gold banking system
Submitted by cpowell on Tue, 2020-07-07 22:39 Section: Daily Dispatches10:41p Tuesday, July 7, 2020
Dear Friend of GATA and Gold:
The imminent collapse of the fractional-reserve gold banking system is the primary topic of a discussion between London metals trader and Kinesis Money founder Andrew Maguire and GATA consultant Harvey Organ, a student of the gold and silver markets for 50 years.
They review:
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