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Daily Dispatches
In swaps we trust? Disappearing dollars drive currency trading dependence
Submitted by cpowell on Thu, 2019-11-14 10:19 Section: Daily DispatchesBy Olga Cotaga
Reuters
Thursday, November 14, 2019
LONDON -- As dollars dry up, global finance is growing increasingly dependent on opaque currency trading to keep cash flowing.
GATA Chairman Murphy interviewed by Dunagun Kaiser of Reluctant Preppers
Submitted by cpowell on Thu, 2019-11-14 10:14 Section: Daily Dispatches10:14a ET Thursday, November 14, 2019
Dear Friend of GATA and Gold:
Grant Williams: Crikey! What's going on with gold?
Submitted by cpowell on Wed, 2019-11-13 14:45 Section: Daily Dispatches2:45p ET Wednesday, November 13, 2019
Dear Friend of GATA and Gold:
Grant Williams of Real Vision and the "Things That Make You Go Hmmm. ..." letter, author of many brilliant presentations at financial conferences, like last year's "Cry Wolf" --
Wait two years for disclosure of repo cash recipients and amounts, New York Fed tells GATA
Submitted by cpowell on Wed, 2019-11-13 14:26 Section: Daily Dispatches2:29p ET Wednesday, November 13, 2019
Dear Friend of GATA and Gold:
If you want to know which investment houses have been getting the infamous "repo" loans from the Federal Reserve Bank of New York in recent weeks, as GATA has wanted to know, you'll have to wait two years, according to a letter received from the bank today in response GATA's request for the information.
Beijing sends corporate China a message: Diversify away from U.S. dollar debt
Submitted by cpowell on Wed, 2019-11-13 13:39 Section: Daily DispatchesBy Neal Kimberley
South China Morning Post, Hong Kong
Tuesday, November 12, 2019
China has capitalised on a low-yield environment in Europe to issue euro-denominated government bonds cheaply. It is also setting an example to Chinese companies, in the hope of weaning them off dollar-denominated debt dependency.
Russia to cut share of U.S. dollar in National Wealth Fund, mulls other currencies
Submitted by cpowell on Wed, 2019-11-13 13:32 Section: Daily DispatchesGabrielle Tétrault-Farber and Darya Korsunskaya
Reuters
Wednesday, November 13, 2019
MOSCOW -- Russia will reduce the share of the U.S. dollar in its National Wealth Fund and is considering investing in other foreign currencies including the Chinese yuan, Deputy Finance Minister Vladimir Kolychev said today.
Craig Hemke at Sprott Money: Comex gold into year-end
Submitted by cpowell on Wed, 2019-11-13 13:21 Section: Daily Dispatches1:20p ET Wednesday, November 13, 2019
Dear Friend of GATA and Gold:
The current world economy is more like 2010 than 2016, the TF Metals Report's Craig Hemke writes today at Sprott Money, suggesting resumption soon of an upward trend for gold. Hemke's commentary is headlined "Comex Gold into Year-End" and it's posted at Sprott Money here:
Ronan Manly: Shrinking the pool of trade-ready gold at the Comex
Submitted by cpowell on Wed, 2019-11-13 12:56 Section: Daily Dispatches12:56p ET Wednesday, November 13, 2019
Dear Friend of GATA and Gold:
Mike Ballanger: GATA is the only precious metals whistleblower
Submitted by cpowell on Tue, 2019-11-12 23:20 Section: Daily Dispatches11:20p ET Tuesday, November 12, 2019
Dear Friend of GATA and Gold:
Monetary metals market analyst and newsletter writer Mike Ballanger of GGM Advisory Inc. in Toronto this week credits GATA's exposure of gold market manipulation for prompting him "to think like a gold bug but trade like a thieving bullion bank."
USAGold's News & Views: Five charts of interest to gold investors at the turn of the year
Submitted by cpowell on Tue, 2019-11-12 22:55 Section: Daily Dispatches10:56p ET Tuesday, November 12, 2019
Dear Friend of GATA and Gold:
USAGold's November "News & Views" letter presents five charts likely to be of interest to gold investors at the turn of the year:
1) Gold's annual returns from 2000 to the present.
2) Gold's seasonality.
3) The correlation between global negative-yield debt and the price of gold.
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