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Daily Dispatches
Pam and Russ Martens: Doomsday machine returns with Citibank's credit default swaps
Submitted by cpowell on Fri, 2020-01-03 13:29 Section: Daily DispatchesBy Pam and Russ Martens
Wall Street on Parade
Friday, January 3, 2020
Lily Tomlin is credited with the quote: "No matter how cynical you get, it is impossible to keep up." Wall Street regularly brings that message home.
Overwhelming demand for U.S. dollars ... in Venezuela
Submitted by cpowell on Fri, 2020-01-03 13:03 Section: Daily DispatchesVenezuela's Latest Problem Is There Are Now Too Many Dollars
By Patricia Laya and Nicolle Yapur
Bloomberg News
Friday, January 3, 2020
U.S. dollars are everywhere in Venezuela, and suddenly that's a problem.
Alasdair Macleod: Gold price suppression scheme is starting to fail
Submitted by cpowell on Thu, 2020-01-02 22:12 Section: Daily Dispatches10:11p ET Thursday, January 2, 2020
Dear Friend of GATA and Gold:
In "Gold's Outlook for 2020," GoldMoney research director Alasdair Macleod describes in detail the imminent failure of central bank policy for gold price suppression.
Zero Hedge: Helicopter money is here -- how the Fed monetized billions in debt sold just days earlier
Submitted by cpowell on Thu, 2020-01-02 20:19 Section: Daily Dispatches8:20p ET Thursday, January 2, 2019
Dear Friend of GATA and Gold:
Zero Hedge shows tonight how the Federal Reserve is quickly monetizing debt recently issued by the Treasury Department, purchasing it from the Fed's primary dealers just days after they purchased it, paying the primary dealers a service fee to boot.
... Dispatch continues below ...
Pam and Russ Martens: Why does only Wall Street have access to the Fed's money machine?
Submitted by cpowell on Thu, 2020-01-02 11:47 Section: Daily DispatchesBy Pam and Russ Martens
Wall Street on Parade
Thursday, January 2, 2020
Consumers represent two-thirds of gross domestic product in the United States. And yet when consumers run into trouble, they don't get a handout from the Federal Reserve -- they are forced to file bankruptcy. There are no Fed handouts to small business owners, farmers, or Main Street merchants either.
China's cut of dollar weighting in key index will boost global fortunes of yuan, economists say
Submitted by cpowell on Thu, 2020-01-02 11:26 Section: Daily DispatchesBy Orange Wang
South China Morning Post
Thursday, January 2, 2020
China's decision to cut the weighting of the US dollar in a basket of foreign currencies used to determine the strength of the yuan will help Beijing's long-term efforts to weaken the international dominance of the American currency, economists said.
Fundraising campaign captures matching contribution and GATA presses on
Submitted by cpowell on Wed, 2020-01-01 12:57 Section: Daily Dispatches1p ET Wednesday, January 1, 2019
Dear Friend of GATA and Gold:
Thanks to more than a hundred people, GATA has met the fundraising challenge set for us a month ago by Stefan Gleason of Money Metals Exchange when he pledged a $5,000 contribution if we could match it with contributions from our supporters.
Gold back above $1,520, gains as much as 18% for 2019
Submitted by cpowell on Tue, 2019-12-31 18:57 Section: Daily DispatchesFrom Investing.com, Nicosia, Cyprus
Tuesday, December 31, 2019
Gold capped out an unusually strong finish to 2019 despite the absence of more U.S. interest rate cuts. The yellow metal hit more than three-month highs today and finished the year with double-digit gains as investors sought the safe haven as a hedge to the U.S.-China trade war and other global troubles.
U.S. Funds CEO Holmes touts interview with GATA secretary
Submitted by cpowell on Tue, 2019-12-31 18:29 Section: Daily Dispatches6:28p ET Tuesday, December 31, 2019
Dear Friend of GATA and Gold:
Dave Kranzler: Money printing and physical demand will drive gold higher
Submitted by cpowell on Mon, 2019-12-30 20:03 Section: Daily DispatchesBy Dave Kranzler
Investment Research Dynamics, Denver
Monday, December 30, 2019
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