Daily Dispatches

New chief of U.S. Exchange Stabilization Fund condemns currency manipulation

Submitted by cpowell on Tue, 2021-01-19 22:40 Section: Daily Dispatches

No one seems to have asked her what the Treasury Department's Exchange Stabilization Fund is for if not currency manipulation, nor why more than $600 billion was added to it a few weeks ago unless more currency manipulation was contemplated. Such is American politics, and such is financial journalism.

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Janet Yellen Vows to Take Hard Line Against Currency Manipulation

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Hugo Salinas Price: The coming gold rush

Submitted by cpowell on Tue, 2021-01-19 21:24 Section: Daily Dispatches

9:20p ET Tuesday, January 19, 2021

Dear Friend of GATA and Gold:

Hugo Salinas Price, president of the Mexican Civic Association for Silver, tonight notes that no amount of "not-for-profit" selling of masses of gold futures contracts can prompt the analysts of Kitco.com to acknowledge that governments are desperately trying to suppress the price of the monetary metal.

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Pam and Russ Martens: Yellen is set to inherit a lot of power, thanks to stealthy changes in law

Submitted by cpowell on Mon, 2021-01-18 11:38 Section: Daily Dispatches

By Pam and Russ Martens
Wall Street on Parade
Monday, January 18, 2021

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Yellen to make clear U.S. doesn't seek weak dollar

Submitted by cpowell on Sun, 2021-01-17 21:24 Section: Daily Dispatches

By Kate Davidson
The Wall Street Journal
Sunday, January 17, 2021

WASHINGTON -- Janet Yellen is expected to affirm the United States' commitment to market-determined exchange rates when she testifies on Capitol Hill Tuesday, and she will make clear the U.S. doesn't seek a weaker dollar for competitive advantage, according to Biden transition officials familiar with her hearing preparation.

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Ronan Manly: The staggering levels of real 'inflation-adjusted' gold and silver prices

Submitted by cpowell on Sun, 2021-01-17 20:06 Section: Daily Dispatches

8:07p ET Sunday, January 17, 2021

Dear Friend of GATA and Gold:

Bullion Star researcher Ronan Manly reports tonight that if gold and silver prices had kept pace with real inflation, disregarding the sham calculations long used by the U.S. Bureau of Labor Statistics, the gold price would be nearly $21,000 and the silver price nearly $1,000.

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GATA Chairman Murphy and gold investor Joe Grande interviewed by Arcadia Economics

Submitted by cpowell on Sun, 2021-01-17 13:13 Section: Daily Dispatches

1:13p ET Sunday, January 17, 2021

Dear Friend of GATA and Gold:

Read more about GATA Chairman Murphy and gold investor Joe Grande interviewed by Arcadia Economics

Canaccord Genuity portfolio manager acknowledges gold price suppression

Submitted by cpowell on Sun, 2021-01-17 11:13 Section: Daily Dispatches

11:16a ET Sunday, January 17, 2021

Dear Friend of GATA and Gold:

Has any executive at the big Canadian investment house, Canaccord Genuity in Vancouver, ever publicly acknowledged gold price manipulation and suppression? We don't recall any, but there is one now.

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EU plans to limit U.S. dollar reliance and boost euro

Submitted by cpowell on Sat, 2021-01-16 16:06 Section: Daily Dispatches

By Kit Rees and Viktoria Dendrinou
Bloomberg News
Saturday, January 16, 2021

The European Union has set out plans to strengthen the international role of the euro as it seeks to erode the dominance on the U.S. dollar and lessen the bloc's vulnerability to financial risks, including U.S. sanctions.