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Daily Dispatches
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
Steve St. Angelo: Big premiums, delayed delivery for real silver
Submitted by cpowell on Fri, 2020-03-20 16:41 Section: Daily Dispatches4:48p ET Friday, March 20, 2020
Dear Friend of GATA and Gold:
Sprott's John Hathaway: Point of no return
Submitted by cpowell on Fri, 2020-03-20 15:52 Section: Daily DispatchesBy John Hathaway
Sprott Inc., Toronto
Wednesday, March 18, 2020
Gold and precious metals mining shares are casualties of panic selling across all financial markets. The scenario is similar to what happened in 2008 during the global financial crisis.
Gold selloff fails to dent investor enthusiasm
Submitted by cpowell on Fri, 2020-03-20 11:37 Section: Daily DispatchesBy Henry Sanderson
Financial Times, London
Friday, March 20, 2020
Gold's lacklustre performance this week appeared to diminish the metal's "safe haven" status, as it declined for the second week in a row amid a global stock market selloff due to coronavirus.
Swiss gold exports plunge in February as shipments to China collapse
Submitted by cpowell on Fri, 2020-03-20 11:21 Section: Daily DispatchesBy Peter Hobson
Reuters
Thursday, March 19, 2020
LONDON -- Swiss exports of gold fell to the lowest since at least 2012 in February as shipments to top consumer China all but halted, customs data showed today.
The plunge in trade came as China fought to contain an outbreak of coronavirus by shutting down the movement of people and goods. The virus has since spread worldwide.
Dollar rampage spurs FX interventions, speculation of big G7 move
Submitted by cpowell on Thu, 2020-03-19 18:07 Section: Daily DispatchesBy Karin Strohecker and Sujata Rao
Reuters
Thursday, March 19, 2020
LONDON -- From Brazil to Norway, policymakers are leaping to defend currencies against the onslaught of the dollar, which scaled three-year peaks today, raising speculation that a joint move by the world's biggest central banks may be in the offing.
SD Bullion's James Anderson: At Ebay's coin market, gold-silver ratio is only 76-1
Submitted by cpowell on Thu, 2020-03-19 15:01 Section: Daily Dispatches3p ET Thursday, March 19, 2020
Dear Friend of GATA and Gold:
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