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Daily Dispatches
Trump Fed pick's push for gold troubles lawmakers
Submitted by cpowell on Sun, 2019-07-28 10:33 Section: Daily DispatchesBy Victoria Guida
Politico, Arlington, Virginia
Sunday, July 28, 2019
https://www.politico.com/story/2019/07/28/judy-shelton-fed-gold-standard...
Decades after the U.S. abandoned its policy of tying the dollar's value to gold, President Donald Trump's latest pick for the Federal Reserve, Judy Shelton, wants to bring it back into style.
Even the Financial Times starts to notice how crazy central banking has gotten
Submitted by cpowell on Sat, 2019-07-27 10:52 Section: Daily DispatchesECB Purchases of Equity Would Be a Dangerous Step
BlackRock Proposal Is Anti-Free Markets and Based on Naked Self-Interest
By Merryn Somerset Webb
Financial Times, London
Friday, July 26, 2019
https://www.ft.com/content/9a6295f6-aefa-11e9-8030-530adfa879c2
Trump says he could still take steps to weaken dollar, fueling confusion
Submitted by cpowell on Fri, 2019-07-26 21:44 Section: Daily DispatchesBy Damian Paletta
Washington Post
Friday, July 26, 2019
President Trump gave mixed signals this week as to whether he would intervene and try to weaken the U.S. dollar, telling aides Tuesday he had ruled out the idea but telling reporters on Friday he was still open to it.
Ronan Manly: End of gold agreement liberates central banks to start buying
Submitted by cpowell on Fri, 2019-07-26 15:46 Section: Daily Dispatches3:41p ET Friday, July 26, 2019
Dear Friend of GATA and Gold:
Maybe the BIS has recovered some swapped gold
Submitted by cpowell on Fri, 2019-07-26 15:17 Section: Daily DispatchesArmed Men Steal $40 Million of Gold, Metals from Brazil Airport
By Leonardo Benassatto and Marcelo Rochabrun
Reuters
Friday, July 26, 2019
SAO PAULO, Brazil -- Armed men stole $40 million of gold and other precious metals Thursday from a Sao Paulo cargo terminal at South America's busiest airport, taking two hostages, police said.
London bullion trader Maguire prods Parliament, UK regulators to stop gold rigging
Submitted by cpowell on Fri, 2019-07-26 15:01 Section: Daily Dispatches3p ET Friday, July 26, 2019
Dear Friend of GATA and Gold:
Interviewed this week by the TF Metal's Report's Craig Hemke, London bullion trader Andrew Maguire discloses that he has been working with members of Parliament to expose gold market rigging engineered by U.S. financial interests in the United Kingdom.
... Dispatch continues below ...
Here's a start: AP acknowledges central banks have 'immense pricing power' with gold
Submitted by cpowell on Fri, 2019-07-26 12:26 Section: Daily DispatchesGold Deal Ends Among European Central Banks
By David McHugh
Associated Press, New York
Friday, July 26, 2019
Trump administration hopes it can just talk dollar down
Submitted by cpowell on Fri, 2019-07-26 12:20 Section: Daily DispatchesTrump Decides Against Currency Intervention After Meeting About Ways to Weaken Dollar
By Kayla Tausche
CNBC, New York
Friday, July 26, 2019
President Donald Trump has decided not to intervene in U.S. currency markets after convening Cabinet officials and top level economic advisors Tuesday to discuss the issue, according to Larry Kudlow and two other people familiar with the meeting.
Central banks let gold market coordination pact expire without replacement
Submitted by cpowell on Fri, 2019-07-26 10:30 Section: Daily Dispatches10:37a ET Friday, July 26, 2019
Dear Friend of GATA and Gold:
Today the European Central Bank announced the expiration without replacement of the latest central bank gold agreement. The ECB's announcement is appended.
What does it mean?
Shrugging off rising tensions, China's largest gold miner opens office in Toronto
Submitted by cpowell on Thu, 2019-07-25 23:44 Section: Daily DispatchesBy Gabriel Friedman
National Post, Toronto
Thursday, July 25, 2019
At a time when Sino-Canadian diplomatic tensions run high, China’s largest gold miner, Shandong Gold Group Co., Ltd. gathered several dozen bankers, lawyers, local mining executives and media at a downtown Toronto hotel to celebrate the company’s new Bay Street office.
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