Daily Dispatches

European Central Bank to buy another E750 billion in bonds

Submitted by cpowell on Wed, 2020-03-18 19:22 Section: Daily Dispatches

By Martin Arnold
Financial Times, London
Thursday, March 19, 2020

FRANKFURT, Germany -- The European Central Bank has announced plans to buy E750 billion more in bonds after holding an emergency call of its rate-setting committee on Wednesday evening in response to the worsening economic and financial market turmoil caused by coronavirus.

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Another analyst doesn't get it but at least silver coin premiums astound him

Submitted by cpowell on Wed, 2020-03-18 14:22 Section: Daily Dispatches

There's an Interesting Situation Playing Out in the Silver Markets

By Jonathan Heller
TheStreet.com, New York
Wednesday, March 18, 2020

https://realmoney.thestreet.com/investing/there-s-an-interesting-situati...

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Craig Hemke at Sprott Money: Bullion bank and central bank collusion

Submitted by cpowell on Wed, 2020-03-18 13:52 Section: Daily Dispatches

1:50p ET Wednesday, March 18, 2020

Dear Friend of GATA and Gold:

Explanations commonly offered in recent days for the plunge in gold and silver prices are contradicted by market data, the TF Metals Report's Craig Hemke writes today at Sprott Money.

Read more about Craig Hemke at Sprott Money: Bullion bank and central bank collusion

Pam and Russ Martens: Fed again will give investment banks cash for trash

Submitted by cpowell on Wed, 2020-03-18 13:00 Section: Daily Dispatches

Fed Announces Program for Wall Street Banks to Pledge Plunging Stocks to Get Trillions in Loans at ¼ Percent Interest

By Pam and Russ Martens
Wall Street on Parade
Wednesday, March 18, 2020

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New York Fed pledges $1 trillion a day in overnight repo loans

Submitted by cpowell on Tue, 2020-03-17 21:20 Section: Daily Dispatches

By Jonnelle Marte
Reuters
Tuesday, March 17, 2020

https://www.reuters.com/article/us-health-coronavirus-repo-daily/new-yor...

The New York Federal Reserve said it will make up to $1 trillion a day available for loans in the repo market for the remainder of this week.

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Fed will monetize stocks for its primary dealer banks

Submitted by cpowell on Tue, 2020-03-17 20:31 Section: Daily Dispatches

Fed to Lend Against Stocks and Bonds in Bid to Stabilize Markets

By James Politi, Brendan Greeley, Colby Smith, and Joe Rennison
Financial Times, London
Tuesday, March 17, 2020

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Marshall Gittler: The longest record broken -- gold/silver ratio hits highest in 5,000 years

Submitted by cpowell on Tue, 2020-03-17 15:31 Section: Daily Dispatches

3:32p ET Tuesday, March 17, 2020

Dear Friend of GATA and Gold:

Marshall Gittler of currency trading house BDSwiss, who was quoted today by MarketWatch.com about the extraordinary widening of the gold-silver ratio, elaborates on the issue in an essay at Nasdaq.com.