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Daily Dispatches
Craig Hemke: How much will the Fed break the stock market before relenting?
Submitted by admin on Tue, 2022-04-12 22:36 Section: Daily Dispatches10:35p ET Tuesday, April 12, 2022
Dear Friend of GATA and Gold:
Craig Hemke of the TF Metals Report, writing tonight at Sprott Money, speculates on how much the Federal Reserve is prepared to "break" the stock market in the name of fighting inflation before returning with infinite liquidity to drive stock prices up again.
Hemke's analysis is headlined "Concern for Stonks" and it's posted at Sprott Money here:
Ed Steer's weekend newsletter posted in the clear at GoldSeek
Submitted by admin on Mon, 2022-04-11 21:19 Section: Daily Dispatches9:20p ET Monday, April 11, 2022
Dear Friend of GATA and Gold:
The weekend edition of GATA board member Ed Steer's Gold and Silver Digest newsletter, headlined "Battle Stations for 'Da Boys' in New York on Friday," is posted in the clear at GoldSeek here:
https://goldseek.com/article/battle-stations-da-boyz-new-york-friday
Ted Butler: The real lesson of the London Metals Exchange's default in nickel
Submitted by admin on Mon, 2022-04-11 21:11 Section: Daily Dispatches9p ET Monday, April 11, 2022
Dear Friend of GATA and Gold:
Silver market analyst Ted Butler notes tonight that the concentrated short position in silver futures and derivatives in the United States is many, many times larger than the short position in nickel that blew up and prompted default of the London Metals Exchange's nickel contract.
Butler writes that U.S. market regulators should be investigating the grotesque short position in silver.
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Robert Lambourne: Stopping QE is likely to be extremely difficult for U.S.
Submitted by admin on Sun, 2022-04-10 22:45 Section: Daily DispatchesBy Robert Lambourne
Monday, April 11, 2022
Cash flow trends at the U.S. Treasury suggest that it will be very challenging to meet the forecasts for government debt.
The major contribution of "quantitative eashing" (QE) to federal government funding in recent years is clear from the table below, and reducing QE seems likely to be especially tough in view of inflation and the reluctance to allow interest rates to climb much.
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Ronan Manly: Spotlight on gold and silver mining share indexes, Part 1
Submitted by admin on Fri, 2022-04-08 22:45 Section: Daily DispatchesBy Ronan Manly
Bullion Star, Singapore
Friday, April 8, 2022
When glancing through news articles about precious metals prices, you will often come across references to the performance of various gold and silver mining stock indexes, as well as the exchange-traded funds that are benchmarked against these indexes.
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Storage and Withdrawal of Gold
with Bullion Star in Singapore
Russia's 'petro-ruble' draws gold into the energy trade, Maguire says
Submitted by admin on Fri, 2022-04-08 22:31 Section: Daily Dispatches10:25p ET Friday, April 8, 2022
Dear Friend of GATA and Gold:
In his new interview with Shane Morand on Kinesis Money's "Live from the Vault" program, London metals trader Andrew Maguire says Russia has created a "petro-ruble" to compete with the "petro-dollar" and is drawing gold into the trade for Russian energy supplies.
The interview is 48 minutes long and can be viewed at YouTube here:
Alasdair Macleod: The commodity currency revolution
Submitted by admin on Thu, 2022-04-07 21:50 Section: Daily DispatchesBy Alasdair Macleod
GoldMoney, Toronto
Thursday, April 7, 2022
We will look back at current events and realise that they marked the change from a dollar-based global economy underwritten by financial assets to commodity-backed currencies. We face a change from collateral being purely financial in nature to becoming commodity based. It is collateral that underwrites the whole financial system.
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Russian central bank switches to negotiated price for gold purchases
Submitted by admin on Thu, 2022-04-07 19:47 Section: Daily DispatchesBy Peter Hobson
Reuters
Thursday, April 7, 2022
Russia's central bank said today that due to a "significant change in market conditions" it would buy gold from commercial banks at a negotiated price from April 8.
On March 25, the bank had said it would buy gold at a fixed price of 5,000 roubles a gram until June 30.
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Russian coal and oil purchased in yuan start heading to China
Submitted by admin on Thu, 2022-04-07 12:40 Section: Daily DispatchesFrom Bloomberg News
via Yahoo News, Sunnyvale, California
Thursday, April 7, 2022
Russian coal and oil paid for in yuan is about to start flowing into China as the two countries try to maintain their energy trade in the face of growing international outrage over the invasion of Ukraine.
Several Chinese firms used local currency to buy Russian coal in March, and the first cargoes will arrive this month, Chinese consultancy Fenwei Energy Information Service Co. said.
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Pam and Russ Martens: Does the NY Fed's trading floor near the futures exchange in Chicago cause the gyrations in the stock market?
Submitted by admin on Thu, 2022-04-07 11:51 Section: Daily DispatchesBy Pam and Russ Martens
Wall Street on Parade
Thursday, April 7, 2022
The editor of Wall Street On Parade has been watching stock market trading patterns for more than three decades -- 21 of those years at two Wall Street firms.
A new pattern is emerging that strongly suggests there is an invisible hand flipping the market on a dime from a plunge in prices to a dramatic spike in prices.
This could happen legitimately if sudden positive news broke, but it is happening regularly with no major news to explain the dramatic shift in sentiment.
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