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Daily Dispatches
Sprott completes acquisition of Tocqueville Gold management and funds
Submitted by cpowell on Sat, 2020-01-18 09:54 Section: Daily DispatchesSprott Completes Acquisition of Tocqueville Gold Strategies and Provides Preliminary Assets-Under-Management Update
Company Announcement
via Globe Newswire, Los Angeles
Friday, January 17, 2020
J.P. Koning: The shrinking window for anonymous exchange
Submitted by cpowell on Fri, 2020-01-17 15:41 Section: Daily Dispatches3:40p ET Friday, January 17, 2020
Dear Friend of GATA and Gold:
Financial privacy is being reduced throughout Europe, Bullion Star's J.P. Koning writes today, in large part in the name of preventing terrorism. But, he adds, it's hard to tell how effective the restrictions on privacy are and whether the loss of privacy is worthwhile.
Pam and Russ Martens: How the fake unemploymenet number was created to subdue anger at Wall Street
Submitted by cpowell on Fri, 2020-01-17 12:15 Section: Daily Dispatches12:15p ET Friday, January 17, 2020
Dear Friend of GATA and Gold:
Ted Butler: The genius of JPMorganChase
Submitted by cpowell on Thu, 2020-01-16 21:18 Section: Daily DispatchesBy Ted Butler
Thursday, January 16, 2020
This week JPMorgan Chase, the largest bank in the United States, reported record earnings of $8.5 billion for the fourth quarter and roughly $35 billion for the full year. These are net profits, after all expenses and costs are subtracted from gross revenues. It is no understatement to call JPMorgan a profit-generating machine.
Trump to nominate a critic and an insider to Federal Reserve
Submitted by cpowell on Thu, 2020-01-16 19:50 Section: Daily DispatchesBy Jeanna Smialek
The New York Times
Thursday, January 16, 2020
WASHINGTON — President Trump said today he would formally nominate Judy Shelton and Christopher Waller to the Federal Reserve's Board of Governors, about six months after Mr. Trump said he intended to add the two to the central bank.
Pam and Russ Martens: New York Fed considers becoming sugar daddy to hedge funds as their distress grows
Submitted by cpowell on Thu, 2020-01-16 11:12 Section: Daily DispatchesBy Pam and Russ Martens
Wall Street on Parade
Thursday, January 16, 2020
Russia's $40 billion gold-buying binge is slowing down
Submitted by cpowell on Thu, 2020-01-16 10:57 Section: Daily DispatchesOr maybe just its gold-acquisition reporting is slowing down.
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By Yuliya Fedorinova and Andrey Biryukov
Bloomberg News
Thursday, January 16, 2020
Russia, the world's biggest buyer of gold, is losing interest in the precious metal.
Jan Nieuwenhuijs: Will China's hoarding cause gold's price to rise?
Submitted by cpowell on Wed, 2020-01-15 22:30 Section: Daily Dispatches10:29p ET Wednesday, January 15, 2020
Dear Friend of GATA and Gold:
China's government gold reserve is probably twice as large as the nearly 2,000 tonnes officially reported, Voima Gold researcher Jan Nieuwenhuijs writes today, even as the country is storing another 20,000 tonnes among its people.
Craig Hemke at Sprott Money: Real gold vs. pretend gold in 2020
Submitted by cpowell on Tue, 2020-01-14 20:39 Section: Daily Dispatches8:39p ET Tuesday, January 13, 2020
Dear Friend of GATA and Gold:
Real gold gained on "paper gold" in 2019, Craig Hemke of the TF Metals Report writes at Sprott Money today, and likely will continue to gain on it this year as central bank buying continues, hastening the deleveraging of the "paper gold" system.
Stefan Gleason: Yes, China is a currency manipulator, and the U.S. banking system is a monetary metals manipulator
Submitted by cpowell on Tue, 2020-01-14 14:50 Section: Daily DispatchesBy Stefan Gleason
Money Metals Exchange, Eagle, Idaho
Tuesday, January 14, 2020
The U.S. Treasury Department announced Monday that China is no longer on a list of countries deemed to be "currency manipulators." The timing was awfully convenient, coming just ahead of an expected Phase One trade deal between the two powers.
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