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Daily Dispatches
Trump to nominate a critic and an insider to Federal Reserve
Submitted by cpowell on Thu, 2020-01-16 19:50 Section: Daily DispatchesBy Jeanna Smialek
The New York Times
Thursday, January 16, 2020
WASHINGTON — President Trump said today he would formally nominate Judy Shelton and Christopher Waller to the Federal Reserve's Board of Governors, about six months after Mr. Trump said he intended to add the two to the central bank.
Pam and Russ Martens: New York Fed considers becoming sugar daddy to hedge funds as their distress grows
Submitted by cpowell on Thu, 2020-01-16 11:12 Section: Daily DispatchesBy Pam and Russ Martens
Wall Street on Parade
Thursday, January 16, 2020
Russia's $40 billion gold-buying binge is slowing down
Submitted by cpowell on Thu, 2020-01-16 10:57 Section: Daily DispatchesOr maybe just its gold-acquisition reporting is slowing down.
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By Yuliya Fedorinova and Andrey Biryukov
Bloomberg News
Thursday, January 16, 2020
Russia, the world's biggest buyer of gold, is losing interest in the precious metal.
Jan Nieuwenhuijs: Will China's hoarding cause gold's price to rise?
Submitted by cpowell on Wed, 2020-01-15 22:30 Section: Daily Dispatches10:29p ET Wednesday, January 15, 2020
Dear Friend of GATA and Gold:
China's government gold reserve is probably twice as large as the nearly 2,000 tonnes officially reported, Voima Gold researcher Jan Nieuwenhuijs writes today, even as the country is storing another 20,000 tonnes among its people.
Craig Hemke at Sprott Money: Real gold vs. pretend gold in 2020
Submitted by cpowell on Tue, 2020-01-14 20:39 Section: Daily Dispatches8:39p ET Tuesday, January 13, 2020
Dear Friend of GATA and Gold:
Real gold gained on "paper gold" in 2019, Craig Hemke of the TF Metals Report writes at Sprott Money today, and likely will continue to gain on it this year as central bank buying continues, hastening the deleveraging of the "paper gold" system.
Stefan Gleason: Yes, China is a currency manipulator, and the U.S. banking system is a monetary metals manipulator
Submitted by cpowell on Tue, 2020-01-14 14:50 Section: Daily DispatchesBy Stefan Gleason
Money Metals Exchange, Eagle, Idaho
Tuesday, January 14, 2020
The U.S. Treasury Department announced Monday that China is no longer on a list of countries deemed to be "currency manipulators." The timing was awfully convenient, coming just ahead of an expected Phase One trade deal between the two powers.
Dave Kranzler: Fed is monetizing everything to keep financial system from collapsing
Submitted by cpowell on Tue, 2020-01-14 12:28 Section: Daily DispatchesBy Dave Kranzler
Investment Research Dynamics, Denver
Tuesday, January 13, 2020
Gresham's Law in action: The diminishing availability of physical gold from the market (per several different accounts in London) corresponds to the proliferation of fiat currency printing and paper gold derivatives.
Ronan Manly: German government escalates its war on gold
Submitted by cpowell on Tue, 2020-01-14 11:41 Section: Daily Dispatches11:40a ET Tuesday, January 14, 2020
Dear Friend of GATA and Gold:
Germany's government keeps reducing the threshold for anonymous purchase of monetary metals, Bullion Star research Ronan Manly reports today, noting that in less than three years the limit has fallen from E15,000 to E10,000, and now to E2,000.
Pam and Russ Martens: Are Fed's repo loans being repaid by Wall Street or just rolled over?
Submitted by cpowell on Mon, 2020-01-13 11:27 Section: Daily DispatchesBy Pam and Russ Martens
Wall Street on Parade
Monday, January 13, 2020
The world's most precious metal leaves everything else in the dust
Submitted by cpowell on Sun, 2020-01-12 21:15 Section: Daily DispatchesCould it be because there's no futures market to rig its price with?
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By Elena Mazneva
Bloomberg News
Sunday, January 12, 2020
Palladium's great start to the year pales in comparison to its lesser-known but much more expensive sister metal, rhodium.
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