You are here
Daily Dispatches
Dubai's historic gold souk shines again after lockdown
Submitted by cpowell on Sun, 2020-05-17 10:51 Section: Daily DispatchesFrom Gulf Today, Sharjah, United Arab Emirates
Saturday, May 16, 2020
DUBAI, United Arab Emirates -- Evening dresses made of gold mesh, gilded sunglasses, and glittering crowns are sparkling again from the windows of Dubai's historic gold souk, which was shuttered during the coronavirus lockdown.
One important element is still missing -- customers.
Monetary metals will soar as currencies are printed to oblivion, Macleod tells KWN
Submitted by cpowell on Sat, 2020-05-16 11:07 Section: Daily Dispatches11:11a ET Saturday, May 16, 2020
Dear Friend of GATA and Gold:
March saw biggest drop in foreigners' Treasury pile this century
Submitted by cpowell on Fri, 2020-05-15 23:11 Section: Daily DispatchesBy Emily Barrett and Elizabeth Stanton
Bloomberg News
Friday, May 15, 2020
Foreign holdings of Treasuries slumped in March by the most this century as pandemic-related global market turmoil sent U.S. debt yields plunging to record lows and volatility surged.
Pandemic bills are so big that only money printing can pay them
Submitted by cpowell on Fri, 2020-05-15 12:34 Section: Daily DispatchesBy Ben Holland, Liz McCormick, and John Ainger
Bloomberg News
Friday, May 15, 2020
Forced into record spending by the threat of another Great Depression, policy makers are blurring the lines between borrowing the money they need and simply creating it.
Trump pivots to embrace a strong U.S. dollar
Submitted by cpowell on Fri, 2020-05-15 12:25 Section: Daily DispatchesBy Saqib Iqbal Ahmed
Reuters
Thursday, May 14, 2020
NEW YORK -- President Donald Trump may be warming to a strong dollar after years of bashing the U.S. currency’s stubborn appreciation.
"It's a great time to have a strong dollar. ... Everybody wants to be in the dollar because we kept it strong. I kept it strong," Trump said in an interview with Fox Business News.
With gold and silver miners taking off, you need The Calandra Report
Submitted by cpowell on Fri, 2020-05-15 12:06 Section: Daily DispatchesSubscribe at a discount this weekend, gain insights about gold and silver miners, make money, and help GATA at the same time.
* * *
12:10p ET Friday, May 15, 2020
Dear Friend of GATA and Gold:
Hedge funds have beaten bullion banks with gold, Macleod tells KWN
Submitted by cpowell on Thu, 2020-05-14 12:12 Section: Daily Dispatches12:14p ET Thursday, May 14, 2020
Dear Friend of GATA and Gold:
Hedge funds appear to have defeated the bullion banks in the gold market, GoldMoney research director Alasdair Macleod tells King World News today.
HSBC lost about $200 million in one day amid gold market turmoil
Submitted by cpowell on Wed, 2020-05-13 13:09 Section: Daily DispatchesBy Jack Farchy and Harry Wilson
Bloomberg News
Wednesday, May 13, 2020
HSBC Holdings ost around $200 million in one day in March because of disruptions to the gold market that caused prices to diverge dramatically in key trading hubs, according to a filing by the bank.
Nick Barisheff: ETFs are just the illusion of owning gold
Submitted by cpowell on Tue, 2020-05-12 21:20 Section: Daily Dispatches9:22p ET Tuesday, May 12, 2020
Dear Friend of GATA and Gold:
Exchange-traded funds are emphatically not the way to own the monetary metals, BMG Group founder Nick Barisheff writes in his latest market letter. Rather, Barisheff explains, ETFs supply only "the illusion of owning gold."
Craig Hemke at Sprott Money: Scotiabank jumps ship
Submitted by cpowell on Tue, 2020-05-12 20:51 Section: Daily Dispatches8:55p ET Tuesday, May 12, 2020
Dear Friend of GATA and Gold:
Why is the oldest bullion bank, the Bank of Nova Scotia, getting out of the bullion business?
Pages
