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Daily Dispatches
Pam and Russ Martens: Wall Street cut 68,000 jobs and got trillions in emergency loans prior to epidemic
Submitted by cpowell on Wed, 2020-04-01 13:13 Section: Daily DispatchesBy Pam and Russ Martens
Wall Street on Parade
Wednesday, April 1, 2020
On March 26 Federal Reserve Chairman Jerome Powell went on the Today show to deliver one message: "There is nothing fundamentally wrong with our economy." Recently U.S. Treasury Secretary Steve Mnuchin has appeared on the White House lawn to tell reporters that this is nothing like the last financial crisis.
The King Report: Some mysterious entity wants gold lower for month-end
Submitted by cpowell on Tue, 2020-03-31 23:35 Section: Daily DispatchesFrom The King Report
Burr Ridge, Illinois
Wednesday, April 1, 2020
Top gold market freezes as Chinese shoppers stay away
Submitted by cpowell on Tue, 2020-03-31 23:03 Section: Daily DispatchesBy Annie Lee and Jinshan Hong
Bloomberg News
Tuesday, March 31, 2020
The coronavirus pandemic has frozen the Chinese gold market, torpedoing demand at a time when investors elsewhere in the world are clamoring for the safety of bullion.
Fidelity shuts three Treasury funds to new investors
Submitted by cpowell on Tue, 2020-03-31 19:39 Section: Daily DispatchesBy Joe Rennison and Colby Smith
Financial Times, London
Tuesday, March 31, 2020
Fidelity said it would stop accepting new money into three money market funds that invest in U.S. Treasuries, as it sought to protect current investors from the dramatic decline in interest rates since the outbreak of coronavirus.
Pam and Russ Martens: New York Fed will keep bailout details secret this time
Submitted by cpowell on Tue, 2020-03-31 17:08 Section: Daily Dispatches5:10p ET Tuesday, March 31, 2020
Dear Friend of GATA and Gold:
The Federal Reserve Bank of New York, Pam and Russ Martens of Wall Street on Parade report today, is structuring its latest financial bailout so recipients of government largesse may never been revealed even as taxpayers will be liable for losses.
Craig Hemke at Sprott Money: The CME opens Pandora's box
Submitted by cpowell on Tue, 2020-03-31 16:58 Section: Daily Dispatches5p ET Tuesday, March 31, 2020
Dear Friend of GATA and Gold:
Big deliveries of gold suddenly are being sought on the New York Commodities Exchange, the TF Metals Report's Craig Hemke writes today at Sprott Money, adding that it's questionable that the exchange can fulfill its obligations as gold demand soars and mines, refineries, and mints close under the pressure of the virus epidemic.
First Majestic's Keith Neumeyer: Miners should stop supplying the Comex
Submitted by cpowell on Tue, 2020-03-31 13:21 Section: Daily Dispatches1:26p ET Tuesday, March 31, 2020
Dear Friend of GATA and Gold:
Dave Kranzler: The Comex has defaulted on gold
Submitted by cpowell on Tue, 2020-03-31 13:04 Section: Daily Dispatches1:05p ET Tuesday, March 31, 2020
Dear Friend of GATA and Gold:
Elaborating on Bullion Star analyst Ronan Manly's report today on the use by the New York Commodities Exchange of futures contracts that offer 400-ounce gold bars when there are none in the Comex system --
Ronan Manly: Comex can't find a 400-ounce gold bar for its new 400-ounce futures contract
Submitted by cpowell on Tue, 2020-03-31 12:17 Section: Daily Dispatches12:21p ET Tuesday, March 31, 2020
Dear Friend of GATA and Gold:
Fed will 'temporarily' monetize foreign-held U.S. Treasuries
Submitted by cpowell on Tue, 2020-03-31 11:16 Section: Daily DispatchesFed Sets Up Scheme to Meet Booming Foreign Demand for Dollars
By James Politi, Brendan Greeley, and Colby Smith
Financial Times, London
Tuesday, March 31, 2020
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