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Daily Dispatches
Pam and Russ Martens: Fed chairman handles government and personal business with BlackRock
Submitted by cpowell on Fri, 2020-08-07 14:59 Section: Daily DispatchesBy Pam and Russ Martens
Wall Street on Parade
Friday, August 7, 2020
Earlier this year Wall Street On Parade reported that the chairman of the Federal Reserve, Jerome Powell, had an upward range of $11.6 million invested with the investment management firm BlackRock and its iShares Exchange Traded Funds, according to Powell's 2019 financial disclosure form.
Record bullion prices give South African gold miners a lifeline while risks remain
Submitted by cpowell on Fri, 2020-08-07 14:52 Section: Daily DispatchesBy Tanisha Heiberg and Promit Mukherjee
Reuters
Friday, August 7, 2020
JOHANNESBURG -- South African gold miners are looking to cut debt and boost dividends as bullion hits record highs, with analysts and fund managers predicting a sectoral growth spurt over the next two years amid rising investor interest.
Jan Nieuwenhuijs: U.S. dollar devalues by 99% vs. gold in 100 years
Submitted by cpowell on Fri, 2020-08-07 14:38 Section: Daily DispatchesBy Jan Nieuwenhuijs
Voima Gold, Helsinki
Thursday, August 6, 2020
A world reserve currency is supposed to be superior in storing value, but through boundless money printing the U.S. dollar hasn't been able to compete with gold by a long shot. In 1932 the gold price was $20.67 dollars per troy ounce. Today it crossed $2,067 dollars.
Alasdair Macleod: Passing $2,000 is no big deal for gold as it heads to infinity
Submitted by cpowell on Thu, 2020-08-06 17:29 Section: Daily Dispatches5:29p ET Thursday, August 6, 2020
Dear Friend of GATA and Gold:
In Arcadia Economics interview, Maguire elaborates on expectation of metals price 'reset'
Submitted by cpowell on Thu, 2020-08-06 14:11 Section: Daily Dispatches2:10p ET Thursday, August 6, 2020
Dear Friend of GATA and Gold:
Pam and Russ Martens: Sri Lanka is top user of Fed emergency lending program
Submitted by cpowell on Thu, 2020-08-06 12:58 Section: Daily DispatchesBy Pam and Russ Martens
Wall Street on Parade
Thursday, August 6, 2020
At Fed Chairman Jerome Powell's press conference on July 29, he persisted in his explanation that all the Fed's bailout programs are really about helping the American people get back on their feet. Here's one more, among a growing mountain, of reasons to question that.
China and Russia ditch dollar in move toward 'financial alliance'
Submitted by cpowell on Thu, 2020-08-06 12:30 Section: Daily DispatchesBy Dimitri Simes
Nikkei Asian Review, Tokyo
Thursday, August 6, 2020
MOSCOW -- Russia and China are partnering to reduce their dependence on the dollar -- a development some experts say could lead to a "financial alliance" between them.
John Authers: Gold is expensive, and may be just warming up
Submitted by cpowell on Thu, 2020-08-06 12:23 Section: Daily DispatchesBy John Authers
Bloomberg News
Thursday, August 6, 2020
As I write, gold has surged to yet another record, topping $2,050 per ounce. Is it overpriced?
Mainstream news organization can't avoid a positive report about gold
Submitted by cpowell on Wed, 2020-08-05 19:43 Section: Daily DispatchesStunned by Gold's Record Rise? There's More to Come, Analysts Say
By Peter Hobson
Reuters
Wednesday, August 5, 2020
LONDON -- The speed at which gold has broken above $2,000 an ounce has left some in the market fearing a correction, but many analysts predict more gains as the coronavirus crisis spurs investors to buy into bullion's relative safety.
Goldman breaks with anti-gold cabal as physical vanquishes derivatives, Maguire tells Arcadia Economics
Submitted by cpowell on Wed, 2020-08-05 19:27 Section: Daily Dispatches7:32p ET Wednesday, August 5, 2020
Dear Friend of GATA and Gold:
Investment bank and "vampire squid" Goldman Sachs has broken with the cabal of gold price-suppressing investment banks and central banks and is maneuvering with other central banks so that physical demand for the monetary metals overwhelms the derivatives that have been holding them down.
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