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Daily Dispatches
Alasdair Macleod: Payments panic and the end of fiat currencies
Submitted by cpowell on Thu, 2020-03-19 14:32 Section: Daily Dispatches2:34p ET Thursday, March 19, 2020
Dear Friend of GATA and Gold:
Though it seems impossible to keep track of the virtually infinite money pouring out of electronic pipelines all around the world, GoldMoney research director Alasdair Macleod today published a magnificent synthesis of what is happening and what it is likely to produce: the collapse of the financial system it is meant to save.
Astounding gold-silver ratio discussed by GATA chairman with Arcadia Economics
Submitted by cpowell on Wed, 2020-03-18 20:56 Section: Daily Dispatches8:58p ET Wednesday, March 18, 2020
Dear Friend of GATA and Gold:
Stefan Gleason: Is this what peak fear looks like?
Submitted by cpowell on Wed, 2020-03-18 20:36 Section: Daily DispatchesBy Stefan Gleason
Money Metals News Service, Eagle, Idaho
Tuesday, March 17, 2020
The last few days have been like nothing most of us have ever experienced -- or are likely to experience again in our lifetimes.
Torgny Persson: The window to purchase precious metals with fiat currency is closing
Submitted by cpowell on Wed, 2020-03-18 19:51 Section: Daily DispatchesBy Torgny Persson
Bullion Star, Singapore
Wednesday, March 18, 2020
More and more refineries, mints and fellow bullion dealers are suspending their operations indefinitely. At Bullion Star we are facing significant operational and stock inventory challenges. There's an acute shortage for, particularly, gold coins, silver bars, and silver coins.
European Central Bank to buy another E750 billion in bonds
Submitted by cpowell on Wed, 2020-03-18 19:22 Section: Daily DispatchesBy 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.
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 DispatchesThere'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...
Craig Hemke at Sprott Money: Bullion bank and central bank collusion
Submitted by cpowell on Wed, 2020-03-18 13:52 Section: Daily Dispatches1:50p 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.
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 DispatchesFed 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
New York Fed pledges $1 trillion a day in overnight repo loans
Submitted by cpowell on Tue, 2020-03-17 21:20 Section: Daily DispatchesBy 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.
Fed will monetize stocks for its primary dealer banks
Submitted by cpowell on Tue, 2020-03-17 20:31 Section: Daily DispatchesFed 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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