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Daily Dispatches

Craig Hemke: Smash aims to deter Comex delivery demands but it's failing

Section: Daily Dispatches

9:02p ET Tuesday, November 24, 2020

Dear Friend of GATA and Gold:

Craig Hemke of the TF Metals Report, writing tonight at Sprott Money, elaborates on the evidence that the smashing of gold futures prices in recent days has been undertaken by bullion banks to diminish delivery demands on the December gold futures contract, which is expiring shortly.

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Section: Daily Dispatches

2:23p ET Tuesday, November 24, 2020

Dear Friend of GATA and Gold:

With gold and silver due to rebound from their latest smashdown inspired by the U.S. government, you might be getting the impression that the monetary metals are going to have the last laugh on infinite government money and that mining company profit margins, already getting strong, will get stronger.

New York Sun: Janet Yellen to Treasury? So much for Fed independence

Section: Daily Dispatches

From The New York Sun
Monday, November 23 2020

News that Vice President Biden intends to nominate the former chairman of the Federal Reserve, Janet Yellen, to be treasury secretary certainly has its ironies.

Morgan's profit from gold business this year more than covers $920 million fine for market rigging

Section: Daily Dispatches

JPMorgan Dominates Gold Market with Record $1 Billion Precious Metals Revenue

By Peter Hobson
Reuters
Monday, November 23, 2020

LONDON -- JPMorgan has earned record revenue of around $1 billion so far this year from trading, storing, and financing precious metals, vastly outperforming rival banks, two sources familiar with the matter told Reuters.

Dollar falls to 2018 lows as vaccine optimism damps haven demand

Section: Daily Dispatches

By Ruth Carson and Greg Ritchie
Bloomberg News
Monday, November 23, 2020

The dollar dropped to a 2 1/2-year low as the prospect of vaccine rollouts added to headwinds for the world's reserve currency.

Brian Chappatta: The Fed put is here to stay

Section: Daily Dispatches

Fed's ETF Purchases Have Changed Markets Forever

By Brian Chappatta
Bloomberg News
Monday, November 23, 2020

If you like mining shares and GATA, subscribe to The Calandra Report

Section: Daily Dispatches

12:54p ET Sunday, November 22, 2020

Dear Friend of GATA and Gold:

With gold and silver rebounding strongly from their latest smashdown inspired by the U.S. government, you might be getting the impression that the monetary metals are going to have the last laugh on infinite government money and that mining company profit margins, already getting strong, will get stronger.

A professor's mistaken disparagement of the gold standard

Section: Daily Dispatches

12:38p ET Sunday, November 22, 2020

Dear Friend of GATA and Gold:

GATA does not advocate returning currency systems to a gold standard. This organization advocates free and transparent markets for the monetary metals and keeping government out of them.

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