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Daily Dispatches
Ruble exceeds 2-year high vs. dollar and euro despite more EU sanctions
Submitted by admin on Wed, 2022-05-04 18:39 Section: Daily DispatchesFrom Reuters
Wednesday, May 4, 2022
The Russian rouble jumped on Wednesday to a more than two-year high against both the dollar and euro, retaining the support of hefty capital controls as the European Union proposed a new package of sanctions against Russia over events in Ukraine.
Movements on Russian markets are affected by the rouble being propped up by capital controls, while stocks are trading with a ban on short selling and foreign players barred from ditching shares in Russian companies without permission.
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Jan Nieuwenhuijs: Denmark releases gold bar list but serial numbers are missing
Submitted by admin on Wed, 2022-05-04 11:28 Section: Daily Dispatches11:24a ET Wednesday, May 4, 2022
Dear Friend of GATA and Gold:
Gold researcher Jan Nieuwenhuijs writes today that central banks are slowly increasing transparency with their gold reserves but that Denmark just took a step away from transparency, publishing a list of its gold bars without including their serial numbers.
Nieuwenhuijs' analysis is headlined "Denmark Releases Gold Bar List But the Serial Numbers Are Missing" and it's posted at the Gainesville Coins internet site here:
Maduro's 3% dollar tax pushes Venezuelans back into bolivars
Submitted by admin on Tue, 2022-05-03 20:52 Section: Daily DispatchesBy Nicolle Yapur
Bloomberg News
via Yahoo News, Sunnyvale, California
Tuesday, May 3, 2022
For years, the bolivar drifted toward irrelevancy as Venezuelans embraced the economic stability brought on by the widespread use of the U.S. dollar.
But the socialist regime, always reluctant to fully turn its economy over to the dollar, is now making a surprise bid to revive the local currency.
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Craig Hemke at Sprott Money: Fed perception vs. Fed reality
Submitted by admin on Tue, 2022-05-03 20:46 Section: Daily DispatchesBy Craig Hemke
TF Metals Report
via Sprott Money, Toronto
Tuesday, May 3, 2022
Wednesday brings the long-awaited conclusion of the May Federal Open Market Committee meeting. How will the statement read?
More importantly, how will Chief Goon Powell respond in his "press conference"?
But perhaps most important of all, does it even matter?
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Kranzler, Turk, many others featured in USAGold's 'News & Views' for May
Submitted by admin on Mon, 2022-05-02 11:54 Section: Daily Dispatches11:54a ET Monday, May 2, 2022
Dear Friend of GATA and Gold:
USAGold's "News & Views" letter for May emphasizes recent comments from Dave Kranzler of Investment Research Dynamics and GoldMoney's James Turk, but it is also full of a score of brief items of financial news and opinion. It's posted in the clear here:
https://www.usagold.com/nv1041may2022/
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org
Biggest buyer of Treasuries outside U.S. is quietly selling billions
Submitted by admin on Mon, 2022-05-02 11:16 Section: Daily DispatchesBy Michael Mackenzie and Chikako Mogi
Bloomberg News
Monday, May 2, 2022
In times of Treasury turmoil, the biggest investor outside American soil has historically lent a helping hand. Not this time round.
Japanese institutional managers -- known for their legendary U.S. debt-buying sprees in recent decades -- are now fueling the great bond selloff just as the Federal Reserve pares its $9 trillion balance sheet.
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Stress emerges again in Treasuries market
Submitted by admin on Sat, 2022-04-30 20:09 Section: Daily DispatchesBy John Dizard
Financial Times, London
Saturday, April 30, 2022
When the world's biggest and most liquid market shows signs of stress, investors should take note.
At the beginning of this month, major financial market participants trading in the U.S. Treasury bond market had difficulty meeting the demands for collateral made by their counterparties.
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Dollar's surge leaves a trail of destruction
Submitted by admin on Fri, 2022-04-29 23:20 Section: Daily DispatchesBy Saikat Chatterjee and Sujata Rao
Reuters
Friday, April 29, 2022
LONDON -- The dollar's race to two-decade highs is leaving a trail of destruction in its wake, exacerbating inflation in other countries and tightening financial conditions just as the world economy confronts the prospect of a slowdown in growth.
Maguire and Macleod discuss defections from Western financial system
Submitted by admin on Fri, 2022-04-29 23:09 Section: Daily Dispatches11:08p ET Friday, April 29, 2022
Dear Friend of GATA and Gold:
London metals trader Andrew Maguire interviews GoldMoney research director Alasdair Macleod on this week's edition of Kinesis Money's "Live from the Vault" program, discussing the defection of China, Russia, and other countries from the Western financial system.
Macleod and Maguire see a "commodification" of currencies as the Western system collapses, leading to a revaluation of gold.
The discussion is 57 minutes long and can be seen at YouTube here:
Ambrose Evans-Pritchard: China faces double disaster, caught between virus and Putin
Submitted by admin on Fri, 2022-04-29 12:36 Section: Daily DispatchesBy Ambrose Evans-Pritchard
The Telegraph, London
Friday, April 29, 2022
China should abandon all illusions that the West is in terminal decline, or that a new world order of authoritarian regimes is dawning.
It should ditch Vladimir Putin immediately. The country should not be tainted by the retrograde adventurism of a loser. Beijing should instead seek a new concordat with Washington, acting as a conciliatory stakeholder power.
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