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Daily Dispatches
New York Sun: The Fed nominees are just corks on the water
Submitted by admin on Mon, 2022-02-14 19:24 Section: Daily DispatchesFrom The New York Sun
Monday, February 14, 2022
The Senate Banking Committee is fixing to send to the full Senate tomorrow five nominees for governors of the Federal Reserve, including the chairman, Jerome Powell. The New York Sun opposes each of them.
Yet our overriding concern is not the nominees themselves but the failure of the senators to consider that the root of the problem in our economy lies with the system of fiat money itself.
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Brien Lundin: Geopolitics doesn't drive gold; only fundamentals do
Submitted by admin on Mon, 2022-02-14 17:14 Section: Daily DispatchesBy Brien Lundin
Gold Newsletter / Golden Opportunities
Metairie, Louisiana
Monday, February 14, 2022
The Russia-Ukraine tensions didn't help gold last week as much as most believe, and could hurt it more than most now imagine.
Gold soared over $30 on Friday, prompting some gold bugs to cheer on social media ... and some gold bears to chalk the entire move to the Russia-Ukraine worries.
Both camps were wrong to some extent.
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Submitted by admin on Mon, 2022-02-14 15:28 Section: Daily Dispatches8:32p ET Wednesday, February 16, 2022
Dear Friend of GATA and Gold:
If you think the monetary metals are breaking out at last -- and they have been holding up well despite the prattling about the Federal Reserve's plans to raise interest rates -- and if you are inclined to invest in gold and silver mining companies, please consider subscribing to The Calandra Report via the special discount offer that was renewed this week by newsletter writer and longtime GATA supporter Thom Calandra.
Russia again takes note of GATA's work against gold market rigging
Submitted by admin on Mon, 2022-02-14 14:25 Section: Daily Dispatches2:31p ET Monday, February 14, 2022
Dear Friend of GATA and Gold:
GATA's work again is being noticed in Russia.
In June 2004 the deputy chairman of the Russian central bank, the Bank of Russia, speaking to a conference of the London Bullion Market Association in Moscow, provocatively mentioned GATA's complaint of manipulation of the gold market:
Pam and Russ Martens: 46% of Nasdaq stocks are more than 50% below their 52-week high
Submitted by admin on Mon, 2022-02-14 10:21 Section: Daily DispatchesBy Pam and Russ Martens
Wall Street on Parade
Monday, February 14, 2022
The stock market indices that get all the headlines have failed to capture the brutal deterioration that has been occurring for months among the individual stock components of those indices.
In early February, Bank of America reported that 46% of Nasdaq's component companies were more than 50% below their 52-week highs. And the deterioration in breadth began long before February.
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Sound Money Defense League seeks to end heavy taxes on monetary gold and silver
Submitted by admin on Sat, 2022-02-12 18:27 Section: Daily Dispatches6:28p Saturday, February 12, 2022
Dear Friend of GATA and Gold:
Burdensome U.S. federal and state tax treatment of monetary gold and silver was described yesterday by the Sound Money Defense League's JP Cortez in an interview with Kitco News anchor David Lin.
The league is urging the states to lift their sales taxes on monetary gold and silver.
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Alasdair Macleod: The difference between 'growth' and progress
Submitted by admin on Fri, 2022-02-11 22:54 Section: Daily DispatchesBy Alasdair Macleod
GoldMoney, Toronto
Thursday, February 10, 2022
Governments and central banks are making the mistake of believing that growth in gross domestic product is a primary measure of economic performance. This confuses growth, measured as a total of transactions without regard to their quality, with progress, where quality of life is the driving factor.
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Robert Lambourne: BIS gold swaps increased by 21% in January
Submitted by admin on Fri, 2022-02-11 22:15 Section: Daily DispatchesBy Robert Lambourne
Friday, February 11, 2022
The recently released January 2022 statement of account of the Bank for International Settlements --
https://www.bis.org/banking/balsheet/statofacc220131.pdf
-- contains information suggesting an increase of about 87 tonnes in the bank's gold swaps, from 414 tonnes in December to 501 tonnes in January, or 21%. This compares to the record 12-month high estimated at 552 tonnes at the end of February 2021
Major bullion bank has exited unallocated gold, London trader Maguire says
Submitted by admin on Fri, 2022-02-11 21:48 Section: Daily Dispatches9:49p ET Friday, February 11, 2022
Dear Friend of GATA and Gold:
London bullion trader Andrew Maguire, interviewed this week by Shane Morand in Kinesis Money's "Live from the Vault" program, says a major LBMA-member bullion bank has just closed all its unallocated gold positions under pressure of the "Basel 3" regulations for gold and silver trading by banks.
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USA Gold: Coins and Bullion Since 1973
Pam and Russ Martens: Fed misleads in making excuses for Powell's trades
Submitted by admin on Fri, 2022-02-11 12:57 Section: Daily Dispatches12:56p ET Friday, February 11, 2022
Dear Friend of GATA and Gold:
Pam and Russ Martens of Wall Street on Parade report today that the Federal Reserve has provided them with a statement making excuses for Fed Chairman Jerome Powell's financial trading that appears to violate the Fed's rules for trading by members of the Fed's Board of Governors.
The statement, the Martenses write, has "many serious flaws."
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