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Daily Dispatches
India's jewelry industry closes amid virus outbreak
Submitted by cpowell on Mon, 2020-03-23 10:46 Section: Daily DispatchesBy Swansy Afonso
Bloomberg News
Monday, March 23, 2020
India's jewelry industry has come to a standstill as the government locked down much of the country to try to stem the spread of the coronavirus.
Three Swiss gold refineries suspend production due to virus threat
Submitted by cpowell on Mon, 2020-03-23 10:40 Section: Daily DispatchesBut don't worry, central bankers. Paper mills around the world remain open.
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By Peter Hobson
Reuters
Monday, March 23, 2020
https://www.reuters.com/article/precious-refining-argor/update-1-three-s...
Fed unveils unlimited QE and aid for businesses and states
Submitted by cpowell on Mon, 2020-03-23 10:20 Section: Daily DispatchesBy Christopher Condon, Craig Torres, Matthew Boesler, and Michael McKee
Bloomberg News
Monday, March 23, 2020
The Federal Reserve today announced a massive second wave of initiatives to support a shuttered U.S. economy, including buying an unlimited amount of bonds to keep borrowing costs low and setting up programs to ensure credit flows to corporations and state and local governments.
Bullion Star's Ronan Manly: Reuters misses disparity between physical and paper metals markets
Submitted by cpowell on Sun, 2020-03-22 20:36 Section: Daily Dispatches8:40p ET Sunday, March 22, 2020
Dear Friend of GATA and Gold:
Pam and Russ Martens: Big Wall Street banks are bleeding out their equity capital
Submitted by cpowell on Sun, 2020-03-22 11:57 Section: Daily DispatchesFive Mega Wall Street Bank Stocks Have Lost Average of 45% in Five Weeks
By Pam and Russ Martens
Wall Street on Parade
Sunday, March 22, 2020
Dire dollar shortage shows world failed to fix key crisis flaw
Submitted by cpowell on Sun, 2020-03-22 11:48 Section: Daily DispatchesBy Christopher Anstey and Enda Curran
Bloomberg News
Sunday, March 22, 2020
The global rush for dollars that's been roiling the $6.6 trillion-a-day foreign-exchange market has showcased a missing piece of financial-safety architecture that world policy makers never addressed in the aftermath of the 2008 crisis.
Goldman injects billion into own money-market funds after heavy withdrawals, Reuters says
Submitted by cpowell on Sat, 2020-03-21 21:32 Section: Daily DispatchesBy Tim McLaughlin
Reuters
Saturday, March 21, 2020
Goldman Sachs Group Inc. poured more than $1 billion into two of its prime money-market portfolios this week due to heavy investor withdrawals, according to a filing with the U.S. securities regulator.
USAGold's Mike Kosares: This has been and likely will remain gold's century
Submitted by cpowell on Sat, 2020-03-21 16:49 Section: Daily Dispatches4:53p ET Saturday, March 21, 2020
Dear Friend of GATA and Gold:
While gold investors may be in a sour mood at the moment, USAGold's Mike Kosares shows today how the 21st has been gold's century so far and why the rest of the century bodes well for the monetary metal too.
Kosares' analysis is headlined "Gold's Century" and it's posted at USAGold here:
BNY Mellon steps in to support money market fund after outflows
Submitted by cpowell on Sat, 2020-03-21 11:43 Section: Daily DispatchesBy Richard Henderson and Robert Armstrong
Financial Times, London
Friday, March 21, 2020
BNY Mellon stepped in to support one of its money market funds amid sharp outflows from parts of the sector this week, buying $1.2 billion of the fund's assets so it had cash to help cover redemptions.
Royal Canadian Mint suspends production for two weeks amid virus concerns
Submitted by cpowell on Fri, 2020-03-20 19:30 Section: Daily DispatchesBy Marie Lemay, President and CEO
Royal Canadian Mint, Ottawa
Friday, March 2020
https://www.mint.ca/store/mint/customer-service/faq-1100010?lang=en_CA&r...|tb|covid19
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