Daily Dispatches

By Yoruk Bahceli and Sujata Rao
Reuters
Monday, June 13, 2022

U.S. two-year Treasury yields rose above 10-year borrowing costs today -- the so-called curve inversion that often heralds economic recession -- on expectations interest rates may rise faster and further than anticipated.

Fears the U.S. Federal Reserve could opt for an even larger rate hike than anticipated this week to contain inflation sent two-year yields to their highest levels since 2007.

But a view is also playing out that aggressive rate hikes may tip the economy into recession. ...

9:49p ET Friday, June 10, 2022

Dear Friend of GATA and Gold:

Financial analyst Peter Grandich is the guest of London metals trader Andrew Maguire on this week's "Live from the Vault" program from Kinesis Money, and they salute GATA's work exposing gold market manipulation. 

Grandich believes that the U.S. government's weaponization of the dollar against Russia and other adversaries marks the beginning of the end of the dollar as the world reserve currency, leading to gold's ascent. Maguire envisions Russia and China increasingly monetizing gold.

By Alasdair Macleod
GoldMoney, Toronto
Friday, June 10, 2022

While markets seem becalmed, financial conditions are rapidly deteriorating. 

Last week Jamie Dimon of JPMorgan Chase gave the clearest of signals that bank credit is beginning to contract. Russia has consolidated its rouble, which has now become the strongest currency by far. The Fed announced the previous week that its balance sheet is in negative equity. And there's mounting evidence that we have a nascent crack-up boom.

... Dispatch continues below ...

By Cooper Inveen and Sofia Christensen
Reuters
via Yahoo News, Sunnyvale, California 
Tuesday, June 7, 2022

https://finance.yahoo.com/news/1-newmont-sells-3-500-181601073.html

ACCRA, Ghana -- Newmont Mining's Africa unit has sold 3,500 ounces of gold to the Bank of Ghana under a central bank domestic gold purchasing program launched in June 2021, the company said today.