You are here
Daily Dispatches
Craig Hemke at Sprott Money: Comex gold JOLTed again
Submitted by admin on Wed, 2023-05-03 00:00 Section: Daily Dispatches10:58a ICT Wednesday, May 3, 2023
Dear Friend of GATA and Gold (and Silver):
Writing at Sprott Money, Craig Hemke of the TF Metals Report says the latest U.S. jobs report's indication of recession and the continued insolvencies of U.S. banks support expectations that Federal Reserve interest rate increases will be reversed and that the monetary metals will rise.
Hemke's analysis is headlined "Comex Gold JOLTed Again" and it's posted at Sprott Money here:
Fed is ready to buy defaulted Treasuries, so debt ceiling matters little
Submitted by admin on Tue, 2023-05-02 04:19 Section: Daily DispatchesBiden Can Steamroll Republicans on the Debt Ceiling
By Nathan Tankus
Politico, Washington
Wednesday, April 19, 2023
The threat of a real debt ceiling crisis is growing rapidly. House Republicans are still pushing steep spending cuts that the White House won't countenance, even as the Republicans remain deeply divided on a strategy. And we're now as little as eight weeks away from the "X date" when the Treasury Department no longer has legal authorization to issue new securities and fill up its checking account.
USA Gold's top 10 reports and commentaries for April
Submitted by admin on Tue, 2023-05-02 02:40 Section: Daily Dispatches1:38p ICT Tuesday, May 2, 2023
Dear Friend of GATA and Gold:
USA Gold's summary of its top 10 monetary-metals-related reports and commentaries for April are largely encouraging and can be found here:
https://mailchi.mp/ac0e563be56d/top-ten-articles-for-april-news-views
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org
... ADVERTISEMENT ...
Mexican Senate hastily approves new mining rules
Submitted by admin on Sun, 2023-04-30 22:19 Section: Daily DispatchesBy Raul Cortes
Reuters
Saturday, April 29, 2023
MEXICO CITY -- The Mexican Senate today approved in an express session a package of laws including two constitutional reforms and a new mining law rebuked by the mining chamber and Canada.
Representatives of the president's Morena party and its allies, nearly unanimously and with little debate, approved the laws in a fast-tracked process without opposition legislators present. Legislators convened outside the chamber's usual voting location after the opposition occupied the chamber to try to prevent the session.
Ronan Manly: Sound money legislation rapidly gains traction in many U.S. states
Submitted by admin on Sun, 2023-04-30 21:59 Section: Daily DispatchesBy Ronan Manly
Bullion Star, Singapore
Sunday, April 30, 2023
As the U.S. federal government and Federal Reserve head ever more into the abyss of destroying the value of the U.S. dollar, continually breaching debt ceilings, creating asset bubbles, and intervening in and manipulating financial markets, there is an accelerating counterforce emerging in the U.S. that is the antithesis of this madness.
... Dispatch continues below ...
... ADVERTISEMENT ...
JPMorgan, PNC bidding for First Republic as part of FDIC takeover
Submitted by admin on Sat, 2023-04-29 03:52 Section: Daily DispatchesBy Andrew Ackerman, David Benoit, and Rachel Louise Ensign
The Wall Street Journal
Friday, April 28, 2023
Big banks including JPMorgan Chase & Co. and PNC Financial Services Group are vying to buy First Republic Bank in a deal that would follow a government seizure of the troubled lender, according to people familiar with the matter.
A seizure and sale of First Republic by the Federal Deposit Insurance Corp. could come as soon as this weekend, the people said.
... Dispatch continues below ...
Eric Sprott details his investment outlook in interview with Craig Hemke
Submitted by admin on Fri, 2023-04-28 03:46 Section: Daily Dispatches2:45p ICT Friday, April 28, 2023
Dear Friend of GATA and Gold (and Silver):
Craig Hemke's monthly wrapup on the monetary metals markets for Sprott Money is an interview with mining entrepreneur Eric Sprott, who says he is investing on the assumption of an economic recession, stock market decline, continued crisis in banking worsened by the collapse of commercial real estate, and strength in the monetary metals.
Silver has been manipulated so long, Sprott says, that one day it could explode seemingly out of the blue.
Ted Butler: The SEC and Black Rock blink on SLV
Submitted by admin on Fri, 2023-04-28 03:14 Section: Daily DispatchesBy Ted Butler
SilverSeek.com
Thursday, April 27, 2023
Argentina to settle Chinese imports in yuan as China marches into South America to dethrone dollar
Submitted by admin on Fri, 2023-04-28 02:28 Section: Daily DispatchesBy Kandy Wong
South China Morning Post, Hong Kong
Thursday, April 27, 2023
China's push for greater use of its currency in bilateral trade settlements has made further inroads in South America, with Argentina set to follow Brazil and start to pay for Chinese imports in yuan rather than U.S. dollars.
Economy Minister Sergio Massa confirmed on Wednesday that Argentina, following a meeting with Chinese ambassador Zou Xiaoli and companies from various sectors, had "activated the swap with China."
... Dispatch continues below ...
Pam and Russ Martens: Banks that 'rescued' First Republic may have sought to rescue themselves
Submitted by admin on Fri, 2023-04-28 01:15 Section: Daily DispatchesBy Pam and Russ Martens
Wall Street on Parade
Thursday, April 27, 2023
Ever since 11 banks on March 16 donned the garb of heroic firefighters, rushing to extinguish an inferno at a competitor bank before it spread further, we have been asking ourselves: Why just this group of 11 banks?
Pages
