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Daily Dispatches
JPMorgan market strategist to join New York Fed
Submitted by admin on Fri, 2022-12-02 10:44 Section: Daily DispatchesHe'll surely do his best to assure that the New York Fed operates in the public interest.
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JPMorgan's Josh Younger Is Heading to the New York Fed
By Tracy Alloway and Jonnelle Marte
Bloomberg News
Friday, December 2, 2022
Josh Younger, head of asset liability management research and strategy at JPMorgan Chase & Co., is leaving the bank to join the New York Fed.
Ted Butler: Nearly everyone is starting to realize that gold and silver are rigged
Submitted by admin on Thu, 2022-12-01 20:44 Section: Daily DispatchesBy Ted Butler
SilverSeek.com
Thursday, December 1, 2022
It's remarkable to me how close we appear to be getting to near-universal recognition that silver and gold (along with a host of other commodities) are priced based upon the activities of a relative handful of large paper traders on the Comex (and other exchanges) and not on the workings of the world of actual supply and demand.
Alasdair Macleod: Winter for central Europe -- and the dollar
Submitted by admin on Thu, 2022-12-01 13:36 Section: Daily DispatchesBy Alasdair Macleod
GoldMoney, Toronto
Thursday, December 1, 2022
In this article I examine the current state of the fight for hegemonic control between America on the one side, and Russia and China on the other. It is being fought on two fronts.
Ukraine, the one in plain sight, is about to endure a winter without power and adequate food, potentially leading to a humanitarian crisis.
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Surge in nickel prices threatened to blow $2.6 billion hole in key LME entity
Submitted by admin on Thu, 2022-12-01 11:33 Section: Daily DispatchesBy Harry Dempsey and Philip Stafford
Financial Times, London
Thursday, December 1, 2022
A surge in nickel prices in March threatened to topple a London Metal Exchange entity designed to keep troubles in a single market from infecting the financial system, according to the fullest accounting to date of a crisis that has shaken confidence the 145-year-old venue.
Pam and Russ Martens: Credit default swaps explode on Credit Suisse as its stock price hits record low
Submitted by admin on Thu, 2022-12-01 10:22 Section: Daily DispatchesBy Pam and Russ Martens
Wall Street on Parade
Thursday, December 1, 2022
That $4 billion capital raise that was supposed to shore up confidence in global banking behemoth Credit Suisse turns out to have been too little, too late. Yesterday, five-year credit default swaps (CDS) on Credit Suisse blew out to 446 basis points. That's up from 55 basis points in January and more than five times where CDS on its peer Swiss bank, UBS, are trading.
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Gold market riggers call for reinforcements
Submitted by admin on Thu, 2022-12-01 09:31 Section: Daily DispatchesJPMorgan Joins HSBC as Vault Custodian for Top Gold ETF
By Eddie Spence
Bloomberg News
Thursday, December 1, 2022
JPMorgan Chase & Co. will store gold held by the world’s biggest exchange-traded fund in its vaults, a major coup for the bank’s bullion business.
The lender will now act as an additional custodian for the SPDR Gold Trust, according to a statement from the World Gold Council, which launched the fund. Previously HSBC Holdings Plc had sole responsibility for holding the bullion.
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Ronan Manly: LBMA is a fractional-reserve banking fraud like FTX
Submitted by admin on Wed, 2022-11-30 12:58 Section: Daily Dispatches12:57p ET Wednesday, November 30, 2022
Dear Friend of GATA and Gold:
USA Gold's 'News & Views' letter for December
Submitted by admin on Wed, 2022-11-30 12:35 Section: Daily Dispatches12:37p ET Wednesday, November 30, 2022
Dear Friend of GATA and Gold:
At LBMA conference, BIS exec shows off his experience secretly intervening in gold
Submitted by admin on Mon, 2022-11-28 22:26 Section: Daily Dispatches10:33p ET Monday, November 28, 2022
Dear Friend of GATA and Gold:
Along with mining entrepreneur Pierre Lassonde and professional nihilist Doug Casey, some bigshots in the monetary metals sector still contend that central banks don't care much about gold.
Ghana in talks with Dubai oil refiner to barter gold for fuel
Submitted by admin on Mon, 2022-11-28 10:18 Section: Daily DispatchesBy Ekow Dontoh and Moses Mozart Dzawu
Bloomberg News
Monday, November 28, 2022
Ghana is in talks with Emirates National Oil Co. for a barter arrangement that will enable the West African nation to buy fuel with gold.
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