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Daily Dispatches
ECB pushes rates more negative, plans lots more asset purchases
Submitted by cpowell on Thu, 2019-09-12 11:25 Section: Daily DispatchesECB Promises Stimulus Buys 'As Long As Necessary'
By Balazs Koranyi and Francesco Canepa
Reuters
Thursday, September 12, 2019
FRANKFURT, Germany -- The European Central Bank today promised an indefinite supply of fresh asset purchases and cut interest rates deeper into negative territory, an effort to prop up the ailing euro zone economy that was cheered by financial markets.
Trump urges zero or negative interest rates to tackle U.S. debt
Submitted by cpowell on Wed, 2019-09-11 09:15 Section: Daily DispatchesSo the game is in plain view now: Free and infinite money to devalue the debt away, accompanied by more commodity price suppression and destruction of markets so the public and investors don't catch on too fast and try to abandon government currencies altogether.
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From Reuters
Wednesday, September 10, 2019
Ed Steer: Another brazen attack on all four precious metals
Submitted by cpowell on Mon, 2019-09-09 19:29 Section: Daily Dispatches7:30p ET Monday, September 9, 2019
Dear Friend of GATA and Gold:
GATA board member Ed Steer's Gold & Silver Digest letter for Saturday, headlined "Another Brazen Attack on All Four Precious Metals," has been posted in the clear at GoldSeek here:
http://news.goldseek.com/GoldSeek/1568053308.php
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org
Gold is rising quite apart from dollar's performance, GATA chairman says
Submitted by cpowell on Mon, 2019-09-09 15:13 Section: Daily Dispatches3:14p ET Monday, September 9, 2019
Dear Friend of GATA and Gold:
GATA Chairman Bill Murphy, interviewed by Michelle Holiday for Portfolio Growth Global, says the gold price is rising quite apart from the performance of the U.S. dollar, because central banks and the investment houses trading for them are running out of the metal needed to continue price suppression.
Pam and Russ Martens: Are corporate media tricking public with reports that stock market is setting new highs?
Submitted by cpowell on Mon, 2019-09-09 14:59 Section: Daily DispatchesBy Pam and Russ Martens
Wall Street on Parade
Monday, September 9, 2019
On January 26, 2018, the Dow Jones Industrial Average set a new record high of 26,616.71. Despite setting new highs multiple times thereafter, the moves were so negligible on a percentage basis that the reality is that the stock market has been a real dog over the past year and a half.
USAGold's September 'News & Views' letter is posted
Submitted by cpowell on Mon, 2019-09-09 10:38 Section: Daily Dispatches10:37a ET Monday, September 9, 2019
Dear Friend of GATA and Gold:
USAGold's September News & Views letter was posted today, noting, among other things:
-- Bank of England Governor Mark Carney's repudiation of the U.S. dollar.
... Dispatch continues below ...
The Safest and Most Efficient Way to Own
China reports acquiring nearly 100 tonnes of gold since December
Submitted by cpowell on Mon, 2019-09-09 09:30 Section: Daily DispatchesBy Ranjeetha Pakiam
Bloomberg News
Sunday, September 8, 2019
China has added almost 100 tons of gold to its reserves since it resumed buying in December, with the consistent run of accumulation coming amid a rally in prices and the drag of the trade war with Washington.
UK's Royal Mint plans first stock exchange product with gold ETF
Submitted by cpowell on Sun, 2019-09-08 12:32 Section: Daily DispatchesIt's not yet clear whether the fund will enable investors to withdraw gold from the Royal Mint vault or whether the fund will be just another paper hallucination to divert demand away from real metal.
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By Chris Flood
Financial Times, London
Sunday, September 8, 2019
Fed chairman says making up for lost inflation is 'great idea'
Submitted by cpowell on Fri, 2019-09-06 22:02 Section: Daily DispatchesBy Brendan Greeley
Financial Times, London
Saturday, September 7, 2019
In Zurich on Friday, Jay Powell, chairman of the Federal Reserve, repeated his mantra from this summer that the Fed will continue to "act as appropriate to sustain the expansion." Markets were unsurprised and unmoved.
But after that, he got technical.
GATA chairman's interview cites all the metals-friendly factors that didn't change today
Submitted by cpowell on Thu, 2019-09-05 21:05 Section: Daily Dispatches9p ET Thursday, September 5, 2019
Dear Friend of GATA and Gold:
In a discussion put on video today as gold and silver were suffering long-awaited smashdowns, GATA Chairman Bill Murphy and Chris Marcus of Arcadia Economics reviewed all the issues and circumstances tending to push monetary metals prices higher, issues and circumstances that didn't change in the slightest today.
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