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Daily Dispatches
U.S. money market funds waive fees to stave off negative returns
Submitted by cpowell on Fri, 2020-05-29 11:56 Section: Daily DispatchesBy Joe Rennison
Financial Times, London
Friday, May 29, 2020
U.S. asset managers are cutting the fees they charge for money market funds after the dramatic decline in yields on the short-term debt they rely on threatened to leave clients with negative returns.
Gold mining deals back on the agenda as coronavirus restrictions ease
Submitted by cpowell on Fri, 2020-05-29 11:37 Section: Daily DispatchesBy Zandi Shabalala and Jeff Lewis
Reuters
Friday, May 29, 2020
A lull in corporate takeover activity among gold miners is expected to end as new coronavirus-linked travel restrictions are lifted in coming months, clearing the way for prospective buyers, industry executives and fund managers said.
Ronald-Peter Stoferle and Mark Valek: The dawning of a golden decade
Submitted by cpowell on Thu, 2020-05-28 23:57 Section: Daily Dispatches11:55p ET Thursday, May 29, 2020
Dear Friend of GATA and Gold:
Incrementum's Ronald-Peter Stoferle and Mark Valek are back with another magisterial "In Gold We Trust" report, painstakingly outlining all the reasons the world should be experiencing what the report's title calls "The Dawning of a Golden Decade."
Bullion banks prepare Comex pullback after virus snarl
Submitted by cpowell on Thu, 2020-05-28 12:24 Section: Daily DispatchesBy Peter Hobson
Reuters
Thursday, May 28, 2020
LONDON -- Gold trading banks are preparing to significantly reduce their positions on CME Group's Comex exchange in New York, nine people familiar with the plans said, shifting more trading to London and raising costs for thousands of investors.
March ructions deter bullion banks from gold futures
Submitted by cpowell on Thu, 2020-05-28 10:55 Section: Daily DispatchesBy Henry Sanderson
Financial Times, London
Thursday, May 28, 2020
https://www.ft.com/content/550d909a-2c24-47f6-9233-a0723601dd10
Big bullion banks including HSBC have pulled back from trading gold futures after disruption in the market that flared up in the coronavirus crisis.
Nazi gold said buried near palace in Poland -- will LBMA hypothecate it by Friday?
Submitted by cpowell on Wed, 2020-05-27 23:42 Section: Daily Dispatches28 Tonnes of Nazi Gold Could Be Hidden Under 16th-Century Polish Palace
By Ed Wight and Stuart Dowell
Daily Mail, London
Wednesday, May 27, 2020
Twenty-eight tonnes of Nazi gold worth more than L1 billion may have been traced to the grounds of a palace in Poland after the location was mentioned in an SS diary.
Pam and Russ Martens: Fed admits corporate bond buying will be at least a 5-year bailout
Submitted by cpowell on Wed, 2020-05-27 23:25 Section: Daily DispatchesBy Pam and Russ Martens
Wall Street on Parade
Wednesday, May 27, 2020
On May 13 the House Financial Services' Subcommittee on Consumer Protection and Financial Institutions held a virtual roundtable with federal regulators. One of the regulators in attendance was the vice chair for supervision at the Federal Reserve, Randal Quarles.
U.N. willing to take Venezuelan gold from Bank of England for food, medical relief
Submitted by cpowell on Wed, 2020-05-27 22:32 Section: Daily DispatchesVenezuela Reaches Deal with U.N. to Buy Food, Medicine with Gold Held at Bank of England
By Deisy Buitrago
Reuters
Wednesday, May 27, 2020
CARACAS -- Venezuela has reached a deal with the U.N. Development Programme to direct part of its gold in Bank of England accounts toward the purchase of food and medicine during the coronavirus pandemic, its central bank governor said today.
Bloomberg says the Comex is stuck with too much gold
Submitted by cpowell on Wed, 2020-05-27 21:41 Section: Daily DispatchesNew York Gold Traders Are Drowning in a Glut They Helped Create
By Justina Vasquez
Bloomberg News
Wednesday, May 27, 2020
The New York gold market has been flipped on its head in just a couple of months, with a scramble for the metal turning into a glut.
Help GATA by subscribing to the Deepcaster market letter
Submitted by cpowell on Wed, 2020-05-27 21:38 Section: Daily Dispatches9:39p ET Wednesday, May 28, 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.
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