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Daily Dispatches
Stefan Gleason: As Fed disappoints, will Trump try currency intervention?
Submitted by cpowell on Fri, 2019-08-02 11:01 Section: Daily DispatchesBy Stefan Gleason
Money Metals Exchange, Eagle,Idado
Thursday, August 1, 2019
Following months of cajoling by the White House, the Federal Reserve finally cut its benchmark interest rate. However, the reaction in equity and currency markets was not the one President Donald Trump wanted -- or many traders anticipated.
Trump's new tariffs may set stage for more Fed rate cuts
Submitted by cpowell on Fri, 2019-08-02 10:36 Section: Daily DispatchesBy Ann Saphir and Richard Leong
Reuters
Friday, August 2, 2019
U.S. President Donald Trump's surprise move on Thursday to impose new tariffs on Chinese imports has thrown the Federal Reserve another curveball that may force the central bank to cut interest rates more than it had hoped was necessary to protect the U.S. economy from trade-policy risks.
Torgny Persson: The history of the world is a history of gold
Submitted by cpowell on Thu, 2019-08-01 19:42 Section: Daily Dispatches7:40p ET Thursday, August 1, 2019
Dear Friend of GATA and Gold:
Ted Butler hails new CFTC chairman's support for limiting derivatives positions
Submitted by cpowell on Thu, 2019-08-01 18:53 Section: Daily Dispatches6:50p ET Thursday, August 1, 2019
Dear Friend of GATA and Gold:
Silver market analyst Ted Butler today welcomes a statement by the new chairman of the U.S. Commodity Futures Trading Commission, Heath Tarbert, that the commission "must issue long-awaited rules to limit derivatives positions that help unscrupulous traders corner commodity markets."
While incomplete, records show that JPMorganChase is the New York Fed
Submitted by cpowell on Thu, 2019-08-01 13:58 Section: Daily Dispatches1:57p ET Thursday, August 1, 2019
Dear Friend of GATA and Gold:
Wall Street on Parade's Pam and Russ Martens today delve into the intimate relationship between the Federal Reserve Bank of New York and JPMorganChase & Co., the latter having been commissioned as the New York Fed's agent in rescuing the investment bank Bear Stearns in 2008 with billions of New York Fed money.
Central bank hunger for gold lifts demand to 3-year high
Submitted by cpowell on Thu, 2019-08-01 09:24 Section: Daily DispatchesBy Rupert Rowling
Bloomberg News
Thursday, August 1, 2019
Central banks continued to load up on gold in the first half of the year, helping push total bullion demand to a three-year high, according to the World Gold Council.
Ronan Manly: Gold is the ultimate asset as Fed joins race to the bottom in interest rates
Submitted by cpowell on Wed, 2019-07-31 18:03 Section: Daily Dispatches5:56p ET Wednesday, July 31, 2019
Dear Friend of GATA and Gold:
Bullion Star gold researcher Ronan Manly writes that the Federal Reserve's interest rate cut today will hasten the race among central banks to devalue their currencies with more interest rate reductions and asset purchases.
Trump not alone in seeking lower dollar, as lawmakers unveil foreign investor tax
Submitted by cpowell on Wed, 2019-07-31 10:31 Section: Daily DispatchesTrump not alone in seeking lower dollar, as lawmakers unveil foreign investor tax
By David J. Lynch
Washington Post
Tuesday, July 30, 2019
Veto lifted from Alaska gold mine project with as much as $100 billion of metal
Submitted by cpowell on Tue, 2019-07-30 16:59 Section: Daily DispatchesBy Jennifer A Dlouhy
Bloomberg News
Tuesday, July 30, 2019
The Environmental Protection Agency is scrapping proposed restrictions on mining operations in Alaska's Bristol Bay, dealing a victory to Northern Dynasty Minerals Ltd., which is hoping to tap a $100 billion gold deposit in the region.
Summers blasts Trump: 'No nation can devalue its way to prosperity'
Submitted by cpowell on Tue, 2019-07-30 16:55 Section: Daily DispatchesThe path to prosperity is suppressing the gold price -- right, Mr. Summers?
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Larry Summers Blasts Trump on the Dollar: 'No Nation Can Devalue Its Way to Prosperity'
By Jessica Bursztynsky
CNBC, New York
Tuesday, July 30, 2019
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