Daily Dispatches

By Samah Khater
Voice of America, Washington
Thursday, March 10, 2022

KHARTOUM, Sudan -- Sudan's military rulers this week announced an emergency committee to address the country’s collapsing economy and pointed to its gold mining as a possible boost. 

Sudan's ambassador to Russia has denied reports that Moscow has been smuggling gold from Sudan in preparation for sanctions over its invasion of Ukraine. But Sudanese analysts say gold smuggling is rampant, including to Russia.

... Dispatch continues below ...

12:35p ET Thursday, March 10, 2022

Dear Friend of GATA and Gold:

Bullion Star analyst Ronan Manly writes that legislation proposed in the U.S. Senate to freeze Russian gold reserves, while laughably ignorant about the monetary metal, is likely to push the East toward a financial system based on commodities and away from Western currencies.

Manly's commentary is headlined "U.S. Tees Up 'Stop Russian Gold Act,' Triggering LBMA and Comex to Eject Russian Refiners" and it's posted at Bullion Star here:

Joe Rennison and Brooke Masters
Financial Times, London
Wednesday, March 9, 2022

Pimco has billions of dollars riding on the economic fallout from Vladimir Putin’s invasion of Ukraine, after amassing a wager worth at least $1 billion in derivatives markets that the country will not default while also holding $1.5 billion of its sovereign debt.

So it's probably the highest inflation in more than 200 years.

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Gasoline, Rents Boost U.S. Consumer Prices with More Pain to Come

By Lucia Mutikani
Reuters
Thursday, March 10, 2022

WASHINGTON -- U.S. consumer prices surged in February, with Americans digging deeper into their wallets to pay for rents, food, and gasoline, and inflation is poised to accelerate in the months ahead as Russia's war against Ukraine drives up the costs of crude oil and other commodities.