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Daily Dispatches
Gold to reach $3,000, or 50% above its record, Bank of America says
Submitted by cpowell on Tue, 2020-04-21 14:35 Section: Daily DispatchesCan't print gold? Central banks have been printing paper gold for decades!
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By Elena Mazneva
Bloomberg News
Tuesday, April 21, 2020
Bank of America Corp. raised its 18-month gold-price target to $3,000 an ounce -- more than 50% above the existing price record -- in a report titled "The Fed Can't Print Gold."
Jan Nieuwenhuijs: Coin demand of little relevance to the gold price
Submitted by cpowell on Tue, 2020-04-21 12:22 Section: Daily Dispatches12:21p ET Tuesday, April 21, 2020
Dear Friend of GATA and Gold:
Voima Gold researcher Jan Nieuwenhuijs writes today that demand for gold and silver coins has little influence on the price of the monetary metals because coins constitute only about 8 percent of demand, far less than the institutional demand for metal in the wholesale market.
Dollar's long-term prospects turn gloomy, analysts say
Submitted by cpowell on Tue, 2020-04-21 11:30 Section: Daily DispatchesBy Eva Szalay and Colby Smith
Financial Times, London
Tuesday, April 21, 2020
The U.S. dollar is heading for a drop toward the end of this year, according to strategists, in what would mark a reversal from a record-breaking surge when coronavirus first washed over markets.
Lawrence Lepard: Why gold should do well on the way to hyperinflation
Submitted by cpowell on Sun, 2020-04-19 12:36 Section: Daily Dispatches12:34p ET Sunday, April 19, 2020
Dear Friend of GATA and Gold:
All the reasons gold should do extraordinarily well in the new environment of beyond-infinite money provided by the Federal Reserve and other central banks on the way to hyperinflation are brilliantly detailed in the first-quarter 2020 report by Lawrence Lepard of Equity Management Associates in Wellesley, Massachusetts.
Trump now says strong dollar is good, yet markets beg to differ
Submitted by cpowell on Sat, 2020-04-18 21:48 Section: Daily DispatchesBy Rich Miller
Bloomberg News
Saturday, April 18, 2020
Just weeks after a surging dollar was causing havoc in world financial markets, President Donald Trump has decided that a muscular U.S. currency is a good thing after all.
"The dollar is very strong," he told a press conference on Friday. "And dollars -- strong dollars are overall very good."
Myrmikan Research's Dan Oliver: Inflation -- good and hard
Submitted by cpowell on Sat, 2020-04-18 21:13 Section: Daily Dispatches9:13p ET Saturday, April 18, 2020
Dear Friend of GATA and Gold:
Maintaining asset values will require 'infinite' money creation, Macleod tells KWN
Submitted by cpowell on Sat, 2020-04-18 11:07 Section: Daily Dispatches11:05a ET Saturday, April 18, 2020
Dear Friend of GATA and Gold:
So what happened to that wonderful new 400-ounce-bar Comex gold futures contract?
Submitted by cpowell on Fri, 2020-04-17 23:45 Section: Daily Dispatches11:46p ET Friday, April 17, 2020
Dear Friend of GATA and Gold:
U.S. gold coin mint closes, Swiss gold refineries cut production, but paper and electrons remain ample
Submitted by cpowell on Fri, 2020-04-17 22:49 Section: Daily Dispatches10:47p ET Friday, April 17, 2020
Dear Friend of GATA and Gold:
Bullion Star researcher Ronan Manly tonight elaborates on the indefinite suspension of U.S. gold coin production just as demand had become stronger than it had been in years. Manly notes that this follows production cutbacks at the Royal Canadian Mint and the reduction in operations at gold refineries in Switzerland.
Nervous bankers leave the gold market stuck in disconnect
Submitted by cpowell on Fri, 2020-04-17 21:44 Section: Daily DispatchesBy Jack Farchy, Elena Mazneva, and Joe Deaux
Bloomberg News
Friday, April 17, 2020
https://www.bloomberg.com/news/articles/2020-04-17/gold-s-two-biggest-ma...
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