You are here
Daily Dispatches
Pam and Russ Martens: Trump, stocks win in Fed's repo binge; here are the losers
Submitted by cpowell on Mon, 2019-12-23 12:32 Section: Daily DispatchesBy Pam and Russ Martens
Wall Street on Parade
Monday, December 23, 2019
The S&P 500 Index and the Dow Jones Industrial Average set new record highs every single day last week. This occurred despite the Federal Reserve's justifying its unprecedented hundreds of billions of dollars each week in cheap loans to Wall Street’s trading houses as necessary to stem a "liquidity" crisis.
Russia boosts gold production by 18% in half a year
Submitted by cpowell on Sun, 2019-12-22 23:19 Section: Daily DispatchesFrom Russia Today, Moscow
Sunday, December 22, 2019
Russia has produced more than 185.1 tons of gold from January to July this year, according to recent data published by the country's Finance Ministry.
This is a 17.8-percent increase compared to the same period in 2018, when bullion production stood at nearly 157.2 tons, the ministry said in a statement.
Dollar debt will bar Islamic countries from gold currency, economist says
Submitted by cpowell on Sun, 2019-12-22 23:14 Section: Daily DispatchesExperts Say the Odds Are Against Gold Dinar
By Minderjeet Kaur
Free Malaysia Today, Petaling Jaya, Malaysia
Monday, December 23, 2019
Disunity in the Islamic bloc and the preference for the status quo in world banking and trading links will probably scuttle the idea of a gold dinar as a new international currency, two experts say.
Cases of fine American wine await three GATA supporters -- maybe you?
Submitted by cpowell on Sun, 2019-12-22 13:17 Section: Daily DispatchesBut you must reply by December 31.
* * *
1:17p ET Sunday, December 22, 2019
Dear Friend of GATA and Gold:
Can the chance of winning a great prize induce you to support a great cause?
Two thoughtful friends of GATA -- one a leading bullion U.S. dealer, the other a well-regarded U.S. winery -- have joined forces to bring our supporters a juicy year-end offer:
London metals trader Maguire, in TF Metals Report interview, describes furious battle between paper and physical gold
Submitted by cpowell on Sun, 2019-12-22 13:03 Section: Daily Dispatches1:03p ET Sunday, December 22, 2019
Dear Friend of GATA and Gold:
London metals trader Andrew Maguire, interviewed this week by Craig Hemke of the TF Metals Report, makes some pointed observations about the furious battle in the gold market between sellers of paper and buyers of physical:
A 'whale' is hiding in Comex gold futures, GoldMoney's Macleod tells KWN
Submitted by cpowell on Sun, 2019-12-22 11:25 Section: Daily Dispatches11:24a ET Sunday, December 22, 2019
Dear Friend of GATA and Gold:
Muslim nations consider gold and barter trade to beat sanctions
Submitted by cpowell on Sat, 2019-12-21 10:21 Section: Daily DispatchesBy Liz Lee
Reuters
Saturday, December 21, 2019
KUALA LUMPUR, Malaysia -- Iran, Malaysia, Turkey, and Qatar are considering trading among themselves in gold and through a barter system as a hedge against any future economic sanctions on them, Malaysian Prime Minister Mahathir Mohamad said today.
JPMorgan metals traders investigated in Singapore, two depart, sources tell Reuters
Submitted by cpowell on Fri, 2019-12-20 22:01 Section: Daily DispatchesBy Lawrence Delevingne, Peter Hobson, and Mai Nguyen
Reuters
Thursday, December 19, 2019
Regulatory scrutiny of precious metals trading at JPMorgan Chase & Co., one of the world's largest gold brokerages, has expanded to Singapore and ensnared two more bank employees, according to people familiar with the situation.
China launches gold options as prices near six-year highs
Submitted by cpowell on Fri, 2019-12-20 14:00 Section: Daily DispatchesBy Emily Chow
Reuters
Friday, December 20, 2019
SHANGHAI -- China, the world's top bullion producer and consumer, launched its first gold options contract on the Shanghai Futures Exchange on Friday, adding to an array of investment options for the metal that saw prices hit six-year highs this year.
Islamic delegates rant haplessly again about dollar imperialism
Submitted by cpowell on Thu, 2019-12-19 21:22 Section: Daily DispatchesWake us up, Your Eminences, when you start using gold for a trade currency. Unlike the dollar, gold doesn't care who spends it or what it's spent on.
* * *
Iran Urges Muslim World to Fight Dollar 'Domination'
By Sam Reeves
Agence France-Presse
via Bourse & Bazaar, London
Thursday, December 19, 2019
Pages
