Daily Dispatches

Tommy Stubbington and Delphine Strauss
Financial Times, London
Thursday, September 30, 2021

Supply chain disruptions sweeping major economies have reawakened an old nemesis for investors: stagflation.

Anxiety over rising inflation has been ever-present in markets this year. But with oil topping $80 a barrel, global food prices a third more expensive than they were a year ago, and other commodities at decade highs, investors say a longer-than-expected inflationary surge is coinciding with a slowdown in growth -- and making it worse.

By Brien Lundin
Editor, Gold Newsletter
CEO, the New Orleans Investment Conference
Wednesday,  September 29, 2021

With this year's New Orleans Investment Conference just around the corner -- Tuesday through Friday, October 19-22 -- the timing couldn't be better for a metals rally.

If you're a serious investor, you need to attend this blockbuster, in-person event.

From GoldReporter, Germany
Tuesday, September 28, 2021

For the first time in more than two years, the Federal Reserve Bank of New York reports a decrease in its gold holdings stored on behalf of customers. 
As the Fed states in its latest monthly report, the gold reserves reported as "earmarked gold" amounted to $7,789 million as of September 24, 2021. This gold is traditionally reported at a book value of $42.22 per ounce. This corresponds to the gold price from 1973.

Fomr The New York Sun
Tuesday, September 28, 2021

The big news of the day is the resignation of the presidents of two regional Federal Reserve Banks amid a contretemps over their trading for their own accounts. 

Eric Rosengren, citing his health, is stepping down as president of the Boston Fed. Robert Kaplan is stepping down as head of the Dallas Fed. He's saying the recent focus on his financial disclosure risks becoming a distraction to the bank's execution of its "vital work."

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