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Daily Dispatches
Negative-yield debt pile at $18 trillion for first time
Submitted by cpowell on Thu, 2020-12-10 22:01 Section: Daily DispatchesRemember when they sneered that gold doesn't pay interest?
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By Cormac Mullen
Bloomberg News
Thursday, December 10, 2020
The world’s stockpile of negative-yielding debt has swelled to a fresh record in a sign that demand for havens is just as intense as that for riskier assets.
BIS masterminds gold, silver smashes, London trader Maguire says
Submitted by cpowell on Thu, 2020-12-10 21:21 Section: Daily Dispatches9:24p ET Thursday, December 10, 2020
Dear Friend of GATA and Gold:
London metals trader Andrew Maguire, interviewed yesterday by Chris Marcus of Arcadia Economics, says the Bank for International Settlements has been masterminding the recent smashes of monetary metals prices and that buyers of gold futures contracts are being offered hefty bonuses not to take delivery.
Alasdair Macleod: Prospects for the U.K. and the pound
Submitted by cpowell on Wed, 2020-12-09 23:19 Section: Daily DispatchesBy Alasdair Macleod
GoldMoney, St. Helier, Jersey, Channel Islands
Thursday, December 10, 2020
Market rigging by government is worse than 'spoofing' by banks, GATA chairman says
Submitted by cpowell on Wed, 2020-12-09 22:42 Section: Daily Dispatches10:40p ET Wednesday, December 9, 2020
Dear Friend of GATA and Gold:
Manipulation of the gold and silver markets by the U.S. Federal Reserve and Treasury Department is far more significant than the manipulative "spoofing" done in those markets by JPMorganChase and other bullion banks, GATA Chairman Bill Murphy says in an interview with Edson Miranda of AGXPay.com in Liechtenstein.
ECB's insatiable appetite slowly shuts down Europe's bond market
Submitted by cpowell on Wed, 2020-12-09 20:20 Section: Daily DispatchesBy John Ainger
Bloomberg News
Wednesday, December 9, 2020
In Europe investors like Alessandro Tentori are starting to say their goodbyes to the region's bond market, worried that soon there may not be any place left for them.
If you like mining shares and GATA, try The Calandra Report
Submitted by cpowell on Wed, 2020-12-09 20:17 Section: Daily Dispatches8:20p ET Wednesday, December 9, 2020
Dear Friend of GATA and Gold:
Advice from the snakepit: Dump gold for cryptocurrencies
Submitted by cpowell on Wed, 2020-12-09 13:27 Section: Daily Dispatches1:34p ET Wednesday, December 9, 2020
Dear Friend of GATA and Gold:
The Bloomberg report below says market analysts for JPMorganChase & Co. believe that investment gold will suffer for years from competition with bitcoin and other cryptocurrencies.
Pam and Russ Martens: Fed's emergency repo loans to Wall Street didn't stop -- they just went dark
Submitted by cpowell on Wed, 2020-12-09 11:11 Section: Daily DispatchesBy Pam and Russ Martens
Wall Street on Parade
Wednesday, December 9, 2020
The U.S. Senate Banking Committee, the House Financial Services Committee, and the U.S. mainstream business media now thoroughly qualify as the dumb tourists snapping photos of the raging bull statue on Wall Street as the Wall Street banks loot the country for the second time in a decade.
Craig Hemke at Sprott Money: With futures expiration smash done, fundamentals push gold back up
Submitted by cpowell on Tue, 2020-12-08 17:52 Section: Daily Dispatches5:50p ET Tuesday, December 8, 2020
Dear Friend of GATA and Gold:
With the usual smashing of gold at the latest futures contract expiration out of the way, the monetary metal is resuming its uptrend on the back of powerful fundamentals, the TF Metals Report's Craig Hemke writes today at Sprott Money.
When U.S. government manipulates commodity markets, it's perfectly legal and CFTC can't act
Submitted by cpowell on Mon, 2020-12-07 20:58 Section: Daily Dispatches9:09p ET Monday, December 8, 2020
Dear Friend of GATA and Gold:
In commentary today two of our friends, silver market analyst Ted Butler and GoldSilverPros.com editor and publisher Robert Kientz, seem astonished that the U.S. Commodity Futures Trading Commission does nothing about manipulation of the gold and silver markets.
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