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Daily Dispatches
Fed chairman says Trump can't fire him
Submitted by cpowell on Sun, 2019-03-10 22:45 Section: Daily DispatchesBy Jeff Cox
CNBC, New York
Sunday, March 10, 2019
Federal Reserve Chairman Jerome Powell said in an interview aired today that he does not think he can be fired by President Donald Trump.
While continuing to avoid direct comment on the president's withering criticism of central bank interest rate policy, Powell told "60 Minutes" that Trump can't remove him from office.
Dave Kranzler: Does Barrick's bid for Newmont signal 'peak gold'?
Submitted by cpowell on Sun, 2019-03-10 21:11 Section: Daily Dispatches9:10p ET Sunday, March 10, 2019
Dear Friend of GATA and Gold:
Barrick Gold's bid to acquire Newmont Mining, Dave Kranzler of Investment Research Dynamics in Denver writes today, likely signals "peak gold" -- a belief that few if any major gold deposits will be found and that acquiring another big gold-mining company is the only way for Barrick to avert resource depletion.
West Virginia legislature votes to end sales taxation on gold and silver
Submitted by cpowell on Sun, 2019-03-10 18:49 Section: Daily DispatchesFrom Money Metals News Service, Eagle, Idaho
Friday, March 8, 2019
CHARLESTON, West Virginia -- Sound-money advocates rejoiced today as the West Virginia legislature overwhelmingly passed Senate Bill 502 and sent it to Gov. Jim Justice for his signature.
China will not devalue to spur exports, central bank chief says
Submitted by cpowell on Sun, 2019-03-10 14:57 Section: Daily DispatchesFrom Agence France-Press, Paris
via Yahoo News
Sunday, March 9, 2019
China has gone to great lengths to support its currency and would not devalue the renminbi to spur exports or combat trade frictions, the governor of the central bank said today.
An Italian paper gets it: Central banks push gold futures down so they can get more metal to remonetize
Submitted by cpowell on Fri, 2019-03-08 23:10 Section: Daily Dispatches11:18p ET Friday, March 8, 2019
Dear Friend of GATA and Gold:
Megamerger push has gold miners eyeing new dance partners
Submitted by cpowell on Thu, 2019-03-07 19:01 Section: Daily DispatchesBy Danielle Bochove and Justina Vasquez
Bloomberg News
Thursday, March 7, 2019
A push by the world's biggest gold miners to get even bigger will likely have a knock-on effect among their competitors, adding new vigor to an industry that failed to inspire investor support in 2018.
Philadelphia is first U.S. city to ban cashless stores
Submitted by cpowell on Thu, 2019-03-07 16:54 Section: Daily DispatchesBy Scott Calvert
The Wall Street Journal
Thursday, March 7, 2019
Philadelphia is the first major U.S. city to ban cashless stores, placing it at the forefront of a debate that pits retail innovation against lawmakers trying to protect all citizens' access to the marketplace.
China's gold reserves continue to grow in February
Submitted by cpowell on Thu, 2019-03-07 12:17 Section: Daily DispatchesThe news here isn't the tiny increase in China's gold reserves but that the People's Bank of China has announced increases for three months straight after years of reporting no change.
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China's Gold Reserves Continue to Grow in February
From Xinhua News Agency, Beijing
Thursday, March 7, 2019
Futures exchange operator renews discounts for secret trading by governments and central banks
Submitted by cpowell on Thu, 2019-03-07 11:37 Section: Daily Dispatches11:36a ET Thursday, March 7, 2019
Dear Friend of GATA and Gold:
Market manipulation by governments and central banks is right out in the open again, hiding in plain sight in the confidence that mainstream financial news organizations, financial letter writers, and gurus who purport to bring "technical analysis" to bear on markets will avert their gaze.
Gold swaps by BIS rose by 56 tonnes in February
Submitted by cpowell on Thu, 2019-03-07 09:58 Section: Daily DispatchesBy Robert Lambourne
Thursday, March 7, 2019
The recent monthly statements of account published by the Bank for International Settlements indicate that the bank is still actively trading gold swaps, which the bank uses to gain access to gold held by commercial banks.
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