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Daily Dispatches
Portugal's 10-year bond yield drops below zero
Submitted by cpowell on Thu, 2020-11-26 11:14 Section: Daily DispatchesBy Tommy Stubbington
Financial Times, London
Thursday, November 26, 2020
Portugal's 10-year bond yield fell below zero for the first time today as expectations of further asset purchases by the European Central Bank continued to stoke a relentless rally in eurozone debt.
Trump administration denies permit for Pebble mine in southwest Alaska
Submitted by cpowell on Wed, 2020-11-25 17:13 Section: Daily DispatchesBy Alex DeMarban
Anchorage Daily News
Wednesday, November 25, 2020
The Trump administration today rejected a permit for the controversial Pebble copper and gold mine in Southwest Alaska.
The decision brings to an end -- for now at least -- the long roller-coaster effort to build the giant project near the world's largest wild sockeye salmon fishery.
Pam and Russ Martens: Citigroup and JPM now have been fined for crimes that regulators won't reveal
Submitted by cpowell on Wed, 2020-11-25 12:26 Section: Daily DispatchesBy Pam and Russ Martens
Wall Street on Parade
Wednesday, November 25, 2020
Craig Hemke: Smash aims to deter Comex delivery demands but it's failing
Submitted by cpowell on Tue, 2020-11-24 21:02 Section: Daily Dispatches9:02p 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.
Ronan Manly: In delusional push, LBMA threatens to blacklist entire gold trading centres
Submitted by cpowell on Tue, 2020-11-24 14:24 Section: Daily Dispatches2:25p ET Tuesday, November 24, 2020
Dear Friend of GATA and Gold:
If you like mining shares and GATA, subscribe to The Calandra Report
Submitted by cpowell on Tue, 2020-11-24 14:21 Section: Daily Dispatches2:23p 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.
Hugo Salinas Price: Governments seem confident that they can squelch bitcoin any time they want to
Submitted by cpowell on Tue, 2020-11-24 12:19 Section: Daily Dispatches12:20p ET Tuesday, November 24, 2020
Dear Friend of GATA and Gold:
New York Sun: Janet Yellen to Treasury? So much for Fed independence
Submitted by cpowell on Tue, 2020-11-24 11:55 Section: Daily DispatchesFrom 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
Submitted by cpowell on Mon, 2020-11-23 22:47 Section: Daily DispatchesJPMorgan 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
Submitted by cpowell on Mon, 2020-11-23 11:31 Section: Daily DispatchesBy 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.