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Daily Dispatches
Trump says Fed should cut rates and stop shrinking balance sheet
Submitted by cpowell on Fri, 2019-04-05 11:38 Section: Daily DispatchesBy Margaret Talev and Craig Torres
Bloomberg News
Friday, April 5, 2019
President Donald Trump said today the Federal Reserve should cut interest rates and stop shrinking its balance sheet, maintaining his pressure on the central bank over its monetary policy.
Kranzler and Hemke: How can anyone still deny gold is manipulated?
Submitted by cpowell on Fri, 2019-04-05 04:35 Section: Daily Dispatches4:35p HKT Friday, April 5, 2019
Dear Friend of GATA and Gold:
Saudis consider ditching dollar in oil trading, sources tell Reuters
Submitted by cpowell on Fri, 2019-04-05 01:45 Section: Daily DispatchesBy Dmitry Zhdannikov, Rania El Gamal, and Alex Lawler
Reuters
Thursday, April 4, 2019
Saudi Arabia is threatening to sell its oil in currencies other than the U.S. dollar if Congress passes a bill exposing OPEC members to U.S. antitrust lawsuits, three sources familiar with Saudi energy policy said.
Central bank decides Russia needs still more gold after all
Submitted by cpowell on Fri, 2019-04-05 01:32 Section: Daily DispatchesFrom BNE Intellinews, Berlin
Thursday, April 4, 2019
The Central Bank of Russia is flip-flopping over the need to build up gross international reserves to $500 billion.
'Evidence of manipulation but not enough for charges' may mean government itself is the perp
Submitted by cpowell on Fri, 2019-04-05 00:44 Section: Daily Dispatches12:56p HKT Friday, April 5, 2019
Dear Friend of GATA and Gold:
Trump nominates a second gold-standard advocate for Fed
Submitted by cpowell on Fri, 2019-04-05 00:09 Section: Daily DispatchesTrump Picks Herman Cain for Fed Seat
By Nick Timiraos and Alex Leary
The Wall Street Journal
Thursday, April 4, 2019
President Trump said Thursday he intends to nominate former GOP presidential candidate Herman Cain to the Federal Reserve's board of governors, signaling his desire to remake the nation's central bank after complaining about it for months.
Italy's populists covet central bank and its gold
Submitted by cpowell on Thu, 2019-04-04 02:38 Section: Daily DispatchesBy Giovanni Legorano
The Wall Street Journal
Wednesday, April 3, 2019
https://www.wsj.com/articles/italys-populists-covet-central-bank-and-its...
ROME -- Italy’s ruling populists pushed ahead this week with efforts to seize control of the central bank and its gold reserves, stepping up their confrontation with a symbol of the country’s establishment.
Sprott portfolio manager is suspicious of last week's flash crash in monetary metals
Submitted by cpowell on Wed, 2019-04-03 12:43 Section: Daily Dispatches12:35a Thursday, April 4, 2019
Dear Friend of GATA and Gold:
In commentary posted at King World News, Sprott USA Senior Portfolio Manager Trey Reik can't help wondering if last week's flash crash in the monetary metals was not the product of ordinary market action but that of one or more big players trying to rig prices down for first-quarter valuation purposes.
Central banks fail to maintain currency values and prevent recessions, von Greyerz writes at KWN
Submitted by cpowell on Mon, 2019-04-01 02:54 Section: Daily Dispatches2:50p HKT Monday, April 1, 2019
Dear Friend of GATA and Gold:
Russia now can cover its debt dollar for dollar in cash
Submitted by cpowell on Mon, 2019-04-01 00:27 Section: Daily DispatchesBy Ben Aris
BNE Intellinews, Berlin
Sunday, March 31, 2019
Russia's gross international reserves, including gold, continue to creep upwards and reached $487.1 billion as of March 22 -- enough to cover Russia's external debt dollar for dollar in cash.
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