You are here
Daily Dispatches
Competition court says global banks can be fined in South Africa over rate rigging
Submitted by cpowell on Fri, 2020-02-28 11:26 Section: Daily DispatchesBy Emma Rumney
Reuters
Friday, February 28, 2020
JOHANNESBURG -- South Africa's Competition Appeal Court has overturned a decision that a host of international banks cannot be fined if found guilty for alleged exchange rate rigging, the country's Competition Commission said today.
Alasdair Macleod: Why a bear market will lead to the dollar's collapse
Submitted by cpowell on Thu, 2020-02-27 14:43 Section: Daily DispatchesBy Alasdair Macleod
GoldMoney, St. Helier, Jersey, Channel Islands
Thursday, February 27, 2020
Falling equity markets this week are likely to signal the onset of a bear market, responding to a combination of the coronavirus spreading beyond China and persistent indications of a developing recession.
Ted Butler: A Bear Stearns deja vu?
Submitted by cpowell on Thu, 2020-02-27 14:28 Section: Daily DispatchesBy Ted Butler
SilverSeek.com
Thursday, February 27, 2020
Having traded as high as $1691 in Comex April gold and $18.92 in March silver on Monday on near-record volume and closing not far from those levels as of the 1:30 p.m. ET settlements, prices sold off sharply in the always thinly-traded afterhours.
Support our campaign for a free gold market by purchasing GATA-label wine
Submitted by cpowell on Thu, 2020-02-27 13:58 Section: Daily Dispatches2p ET Thursday, February 27, 2020
Dear Friend of GATA and Gold:
Wine carrying the label of the Gold Anti-Trust Action Committee are now available for purchase by the case from Fay J Winery LLC in Texarkana, Texas. Each case has 12 bottles and the cost is $240, which includes shipping via Federal Express.
Here's what the bottles look like:
Pam and Russ Martens: Dimon's remarks on Discount Window add to market panic
Submitted by cpowell on Thu, 2020-02-27 13:50 Section: Daily DispatchesBy Pam and Russ Martens
Wall Street on Parade
Thursday, February 27, 2020
During the financial panic of 1907, John Pierpont Morgan corralled the money men of New York together and convinced them to join him in bailing out teetering financial institutions in order to calm the panic in the markets. His plan worked.
Bloomberg News manages to say something positive about gold
Submitted by cpowell on Thu, 2020-02-27 11:50 Section: Daily DispatchesHistory Shows Gold's Rally May Only Just Be Getting Started
By Elena Mazneva, Ranjeetha Pakiam, and Justina Vasquez
Bloomberg News
Wednesday, February 26, 2020
Even with gold at seven-year highs, there's still room for more gains if history is anything to go by.
Jim Rickards: Of course gold is manipulated -- the evidence is overwhelming -- but it will win in the end
Submitted by cpowell on Thu, 2020-02-27 11:13 Section: Daily DispatchesBy James G. Rickards
Daily Reckoning, Baltimore
Tuesday, February 25, 2020
https://dailyreckoning.com/how-gold-is-manipulated/
Is there gold price manipulation going on? Absolutely. There's no question about it. That's not just an opinion.
There is hard statistical evidence to make the case, in addition to anecdotal evidence and forensic evidence. The evidence is very clear, in fact.
You can distinguish conspiracy theories from conspiracy facts, if you really want to and try
Submitted by cpowell on Wed, 2020-02-26 14:37 Section: Daily Dispatches2:57p ET Wednesday, February 26, 2020
Dear Friend of GATA and Gold:
A grudgingly approving reference to GATA comes today from the investment research chief of currency trading house BDSwiss, Marshall Gittler, whose essay at FXStreet is headlined "Another 'Risk-Off' day, But with Another Fall in Gold":
Gold-backed ETFs have never seen inflows like this
Submitted by cpowell on Wed, 2020-02-26 11:02 Section: Daily DispatchesBy Ranjeetha Pakiam
Bloomberg News
Wednesday, February 26, 2020
Global investors are stashing more and more assets into gold as the coronavirus outbreak spreads and appetite for risk takes a hit.
Craig Hemke at Sprott Money: U.S. real rates are already negative and will get more so, boosting gold
Submitted by cpowell on Tue, 2020-02-25 21:04 Section: Daily Dispatches9:06p ET Tuesday, February 24, 2020
Dear Friend of GATA and Gold:
Writing at Sprott Money, the TF Metals Report's Craig Hemke asserts tonight that the whole U.S. Treasury yield curve already offers a negative return in inflation-adjusted interest rates, even as more rate cuts are almost surely coming. This, Hemke writes, will push more safe-haven money toward gold in all its forms.
Pages
