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Daily Dispatches
This Treasury official is running the bailout, and it has been great for his family
Submitted by cpowell on Thu, 2020-06-04 11:44 Section: Daily DispatchesBy Justin Elliott, Lydia DePillis, and Robert Faturechi
ProPublica, New York
Tuesday, June 2, 2020
Federal Reserve Chairman Jerome Powell and Treasury Secretary Steven Mnuchin have become the public faces of the $3 trillion federal coronavirus bailout. Behind the scenes, however, the Treasury's responsibilities have fallen largely to the 42-year-old deputy secretary, Justin Muzinich.
Wall Street rally goes global as weak dollar lifts all boats
Submitted by cpowell on Thu, 2020-06-04 11:34 Section: Daily DispatchesBy Anchalee Worrachate and Anooja Debnath
Bloomberg News
Thursday, June 4, 2020
For investors wondering how markets can keep rallying in the midst of economic disaster, just look to the weakening dollar.
Help GATA by subscribing to the Deepcaster market letter
Submitted by cpowell on Wed, 2020-06-03 09:37 Section: Daily Dispatches9:39a ET Wednesday, June 3, 2020
Dear Friend of GATA and Gold:
The weekly Deepcaster letter of investment and geopolitical intelligence, whose market analysis long has publicized GATA's research, has a special offer for GATA and its supporters.
First U.S. gold coin may fetch $15 million in private sale
Submitted by cpowell on Tue, 2020-06-02 21:05 Section: Daily DispatchesBy Josh Friedman
Bloomberg News
Tuesday, June 2, 2020
One of the world's most coveted coins is coming to the market.
GATA's Ed Steer discusses age of infinite money with Operation Freedom's Dave Janda
Submitted by cpowell on Tue, 2020-06-02 11:06 Section: Daily Dispatches11:06a ET Tuesday, June 2, 2020
Dear Friend of GATA and Gold:
GATA board member Ed Steer, editor of Ed Steer's Gold & Silver Daily letter, interviewed Sunday by "Operation Freedom" talk-show host Dave Janda on WAAM-AM1600 in Ann Arbor, Michigan, discussed the prospects for the world financial system and the monetary metals in what is becoming the age of infinite money.
Ted Butler: Falling into place
Submitted by cpowell on Mon, 2020-06-01 20:34 Section: Daily Dispatches8:35p ET Monday, June 1, 2020
Dear Friend of GATA and Gold:
Gold and silver markets breaking, London trader Maguire tells Arcadia Economics
Submitted by cpowell on Sat, 2020-05-30 21:28 Section: Daily Dispatches9:29p ET Saturday, May 30, 2020
Dear Friend of GATA and Gold:
Encouragement for monetary metals investors comes this weekend from two authoritative sources.
First, London metals trader Andrew Maguire, interviewed in two parts by Chris Marcus of Arcadia Economics, says the paper gold market broke down in March and the wholesale silver market is breaking down now as well:
Alasdair Macleod at KWN: The real reason why bullion banks are panicking
Submitted by cpowell on Sat, 2020-05-30 18:53 Section: Daily Dispatches6:54p ET Saturday, May 30, 2020
Dear Friend of GATA and Gold:
People rush into India's jewellers to buy gold as lockdown ends
Submitted by cpowell on Sat, 2020-05-30 17:19 Section: Daily DispatchesFrom Mathrubhumi
Kozhikode, Kerala, India
Thursday, May 21, 2020
KOCHI, India -- With the easing of lockdown, jewelleries were allowed to function in the state. As the shops opened after two months, a heavy rush was experienced everywhere.
Dave Kranzler: The Comex has big problems
Submitted by cpowell on Fri, 2020-05-29 13:37 Section: Daily Dispatches1:38p ET Friday, May 29, 2020
Dear Friend of GATA and Gold:
Reports that there is now a "glut" of gold in New York available for delivery against futures contracts there are probably double-counting gold that remains in London, Dave Kranzler of Investment Research Dynamics writes today.