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Daily Dispatches
Bloomberg's spin: Inflation 'moderates' as it keeps going up
Submitted by admin on Wed, 2021-08-11 10:31 Section: Daily DispatchesConsumer Inflation in U.S. Moderates While Remaining Elevated
By Reade Pickert
Bloomberg News
Wednesday, August 11, 2021
Prices paid by U.S. consumers climbed in July at a more moderate pace, though not enough to provide major relief from the cost increases weighing on sentiment and driving policy debate.
The consumer price index increased 0.5% from June and 5.4% from a year ago, according to Labor Department data released today. Excluding the volatile food and energy components, the so-called core CPI rose 0.3% from the prior month and 4.3% from July 2020.
At least the big intervention smash humiliated the World Gold Council
Submitted by admin on Tue, 2021-08-10 22:17 Section: Daily Dispatches10:22p ET Tuesday, August 10, 2021
Dear Friend of GATA and Gold:
Painful as this week's government intervention against gold was for gold investors, at least it may have demolished what was left of the credibility of the World Gold Council.
The council's "chief market strategist," John Reade, tiptoed up to the intervention and then ran away, writing:
"Could the sell-off have been a 'fat finger' or something malicious? Either are possible":
Craig Hemke at Sprott Money: One way forward for the monetary metals
Submitted by admin on Tue, 2021-08-10 17:27 Section: Daily Dispatches5:25p ET Tuesday, August 10, 2021
Dear Friend of GATA and Gold:
The TF Metals Report's Craig Hemke, writing tonight at Sprott Money, reviews the recent setbacks of the monetary metals and speculates on the possible reversal of their trend by the end of the year. Hemke's analysis is headlined "One Way Forward" and it's posted at Sprott Money here:
https://www.sprottmoney.com/blog/One-Way-Forward-Craig-Hemke-August-10-2021
Matthew Piepenburg: The gold market's 'Why Me?' moment and the dark side of manipulation
Submitted by admin on Tue, 2021-08-10 12:56 Section: Daily Dispatches12:55p ET Tuesday, August 10, 2021
Dear Friend of GATA and Gold:
Matterhorn Asset Management's Matthew Piepenburg, writing today at King World News, construes this week's flash crashing of gold as part of a scheme to help overextended bullion banks obtain metal on the cheap as they try to move into compliance with "Basel 3" regulations limiting exposure to derivatives.
Piepenburg's analysis is headlined "Gold Smash: The Gold Market's 'Why Me?' Moment and the Dark Side of Manipulation" and it's posted at King World News here:
Pam and Russ Martens: Long after Volcker Rule purported to outlaw it, Morgan still owns a hedge fund
Submitted by admin on Tue, 2021-08-10 11:19 Section: Daily DispatchesBy Pam and Russ Martens
Wall Street on Parade
Tuesay, August 10, 2021
On July 21, 2010, the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act) became the law of the United States. Its promise to Americans was that it would reform the corrupt practices on Wall Street that had led to the worst financial collapse in 2008 since the Great Depression and the largest taxpayer bailout of Wall Street in history.
But here we are, 11 years later, with every one of those corrupt practices in full display at the Wall Street mega-banks today.
Ronan Manly: Gold price smash in paper but physical demand is on fire
Submitted by admin on Tue, 2021-08-10 11:05 Section: Daily Dispatches11:03a ET Tuesday, August 10, 2021
Dear Friend of GATA and Gold:
Bullion Star's Ronan Manly today details Sunday night's attack on gold futues prices, an intervention to create panic in the gold market and mislead other markets around the world.
Kitco smells the elephant in the room but Bloomberg just covers up again
Submitted by admin on Mon, 2021-08-09 11:04 Section: Daily Dispatches11a ET Monday, August 9, 2021
Dear Friend of GATA and Gold:
Congratulations to Kitco News market analyst Jim Wyckoff for tiptoeing up to the gold market manipulation issue in his commentary this morning:
How will financial journalism and market analysts rationalize tonight's gold smash?
Submitted by admin on Sun, 2021-08-08 21:49 Section: Daily Dispatches9:53p ET Sunday, August 8, 2021
Dear Friend of GATA and Gold:
How will financial news organizations and gold and silver market analysts explain tonight's smashing of monetary metals prices in the futures market?
Australia-based gold conference Aug. 19 is free via internet
Submitted by admin on Sun, 2021-08-08 17:31 Section: Daily Dispatches5:30p ET Sunday, August 8, 2021
Dear Friend of GATA and Gold:
Australia's Gold Events group, founded by Kerry Stevenson, will hold a live and free conference via internet on Thursday, August 19 (Australian time), a day earlier in North America, whose keynote speakers will be renowned mining sector investor Rick Rule and Silver-Investor.com's David Morgan. Many monetary metals mining company executives will make presentations as well.
For more information and to register, please visit:
John Mueller: Time to reverse the dollar's reserve-currency curse
Submitted by admin on Fri, 2021-08-06 00:13 Section: Daily DispatchesBy John Mueller
The New York Sun
Thursday, August 5, 2021
Journalism thrives on simple narratives and round numbers. So I must note that what President Nixon ended 50 years ago was not the international gold standard, which persisted despite interruptions for more than two millennia to 1914, but its complicated parody: the gold-exchange standard, established 99, not 50, years ago by a 1922 agreement at Genoa.
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