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Daily Dispatches
Asian mining conferences postponed indefinitely
Submitted by cpowell on Fri, 2020-03-06 13:13 Section: Daily Dispatches1:15p ET Friday, March 6, 2020
Dear Friend of GATA and Gold:
As gold prices gather momentum, scammers seek to capitalize
Submitted by cpowell on Fri, 2020-03-06 13:03 Section: Daily DispatchesBy Elliot Smith
CNBC, New York
Friday, March 6, 2020
The price of gold spiked again this week as investors sought surety amid concerns over the coronavirus outbreak, but scammers are also capitalizing on the surge.
The precious metal was trading at just below $1,670 today, having a few weeks ago surpassed $1,688.60 to hit its highest level since the start of 2013.
Pam and Russ Martens: Two charts explain why Wall Street bank stocks are selling off
Submitted by cpowell on Fri, 2020-03-06 12:19 Section: Daily DispatchesBy Pam and Russ Martens
Wall Street on Parade
Friday, March 6, 2020
Yesterday the Dow Jones Industrial Average of 30 large cap companies closed with a loss of 969.5 points or 3.58 percent. That was bad enough but the losses among the biggest Wall Street banks outpaced the Dow losses by a significant margin.
Fed quarantines for 7-10 days dollars repatriated from Asia
Submitted by cpowell on Fri, 2020-03-06 12:09 Section: Daily DispatchesBy Pete Schroeder and Anna Irrera
Reuters
Friday, March 6, 2020
WASHINGTON -- The greenback faces the same fate as many travelers returning home from China and other coronavirus hot spots.
Jan Nieuwenhuijs: Virus slowndown will induce 'helicopter money' or devaluation
Submitted by cpowell on Thu, 2020-03-05 21:13 Section: Daily Dispatches9:12p ET Thursday, March 5, 2020
Dear Friend of GATA and Gold:
Pam and Russ Martens: Demand for Fed's repos exceeds $100 billion a day as 10-year T-bond hits lowest rate in 149 years
Submitted by cpowell on Thu, 2020-03-05 13:26 Section: Daily DispatchesBy Pam and Russ Martens
Wall Street on Parade
Thursday, March 5, 2020
Investors in U.S. Treasuries contemplate yields tumbling to zero
Submitted by cpowell on Thu, 2020-03-05 11:58 Section: Daily DispatchesBy Colby Smith
Financial Times, London
Wednesday, March 4, 2020
In the wake of the first emergency interest-rate cut from the US Federal Reserve since the global financial crisis, investors have begun to grapple with a question that was once not even in the back of their minds: could U.S. Treasury yields fall to zero?
UBS considers passing negative rates to more clients
Submitted by cpowell on Thu, 2020-03-05 11:51 Section: Daily DispatchesBy Marion Halftermeyer and Patrick Winters
Bloomberg News
Thursday, March 5, 2020
UBS Group AG is considering whether to impose fees on a wider group of savers as it seeks to share the burden of negative interest rates.
J.P. Koning: Could gold confiscation happen again?
Submitted by cpowell on Thu, 2020-03-05 11:14 Section: Daily Dispatches11:17a ET Thursday, March 5, 2020
Dear Friend of GATA and Gold:
Bullion Star's J.P. Koning today reviews the history of gold confiscation in the United States and United Kingdom and concludes that the circumstances used to justify confiscation no longer exist and so confiscation is unlikely.
Craig Hemke at Sprott Money: Another interest rate cut coming this month
Submitted by cpowell on Wed, 2020-03-04 21:45 Section: Daily Dispatches9:48p ET Wednesday, March 4, 2020
Dear Friend of GATA and Gold:
Another cut in Federal Reserve interest rates is more than likely this month, the TF Metals Report's Craig Hemke writes tonight at Sprott Money, and while gold and silver futures trading will be as always vulnerable to sharp falls, as long as interest rates trend toward zero, the metals will find bids on dips.
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