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Daily Dispatches
Dollar policy won't change until it changes, Treasury secretary helpfully explains
Submitted by cpowell on Thu, 2019-07-18 11:41 Section: Daily DispatchesMnuchin Says No Change to U.S. Dollar Policy 'As of Now'
By Saleha Mohsin
Bloomberg News
Thursday, July 18, 2019
Treasury Secretary Steven Mnuchin said there is no change in the U.S.'s dollar policy "as of now" but wouldn't rule out a shift in the future.
With Willem Middelkoop essay, central bank forum takes a shine to gold
Submitted by cpowell on Thu, 2019-07-18 10:55 Section: Daily DispatchesThis essay by gold advocate and longtime GATA supporter Willem Middelkoop, author of the 2014 book "The Big Reset," has top position today at the internet site of the Official Monetary and Financial Institutions Forum in London, an organization catering to government and central bank officials around the world.
Currency intervention: Here's how the U.S. could move to weaken the dollar
Submitted by cpowell on Wed, 2019-07-17 22:53 Section: Daily DispatchesBy William Watts
MarketWatch.com, New York
Wednesday, July 17, 2019
Currency traders are contemplating the "I" word.
Stefan Gleason: Sound money needs only for government to stop oppressing the competition
Submitted by cpowell on Wed, 2019-07-17 20:53 Section: Daily Dispatches8:51p ET Wednesday, July 18, 2019
Dear Friend of GATA and Gold:
Sound money doesn't need formal restoration of the gold standard by governments, Money Metals Exchange President Stefan Gleason writes this week.
IMF endorses dollar devaluation
Submitted by cpowell on Wed, 2019-07-17 20:34 Section: Daily DispatchesIMF Sees Dangers from Trade Tensions, Overvalued Dollar
By Andrea Shalal
Reuters
Wednesday, July 17, 2019
WASHINGTON -- The International Monetary Fund said on Wednesday the U.S. dollar was overvalued by 6 to 12%, based on near-term economic fundamentals, while the euro, the Japanese yen, and China’s yuan were seen as broadly in line with fundamentals.
Europe dove into negative rates and now can't find a way out
Submitted by cpowell on Wed, 2019-07-17 10:08 Section: Daily DispatchesBy Catherine Bosley
Bloomberg News
Wednesday, July 17, 2019
Europe's unconventional experiment with negative interest rates to spur economic growth and inflation is looking like a trap.
China's Treasury holdings extend drop amid trade war escalation
Submitted by cpowell on Tue, 2019-07-16 19:54 Section: Daily DispatchesBy Sarah McGregor and Katherine Gdreifeld
Bloomberg News
Tuesday, July 16, 2019
China's holdings of U.S. Treasuries dipped in May to the lowest in two years amid an escalation of the trade war between the world's two largest economies.
Alasdair Macleod: Refuting Ted Butler's criticism
Submitted by cpowell on Tue, 2019-07-16 12:02 Section: Daily DispatchesBy Alasdair Macleod
GoldMoney, Jersey, Channel Islands
Tuesday, July 16, 2019
Following last Thursday’s article on silver ("A Whale Is Accumulating Silver Futures"), Ted Butler, an analyst who specifically follows silver futures on Comex, responded in an article posted on Silverseek entitled "Wrong Whale."
A gigantic gold coin makes its way to Wall Street
Submitted by cpowell on Tue, 2019-07-16 09:57 Section: Daily DispatchesBy Asjyiyn Loder
The Wall Street Journal
Tuesday, July 16, 2019
Richard Hayes plans to leave a $45 million coin on the streets of Manhattan all day today, but he isn't particularly worried about a thief carting it off.
Ted Butler: Alasdair Macleod has the wrong whale
Submitted by cpowell on Mon, 2019-07-15 23:14 Section: Daily Dispatches11:13p ET Monday, July 15, 2019
Dear Friend of GATA and Gold:
Silver market analyst Ted Butler today disputes GoldMoney research director Alasdair Macleod about who is really long and short silver on the New York Commodities Exchange.
Butler adds: "I'm sick and tired about hearing how JPMorgan is acting on China's behalf, a favorite of the whack-job, tinfoil hat conspiracists.
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