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Daily Dispatches
Gold-rich Zimbabwe can't even cadge a beer anymore
Submitted by cpowell on Thu, 2019-01-03 16:28 Section: Daily DispatchesAnheuser-Busch InBev Zimbabwe Charges Hard Currency to Fight Dollar Shortage
By John Bowker
Bloomberg News
Thursday, January 3, 2019
Delta Corp Ltd., part owned by Anheuser-Busch InBev SA/NV, told Zimbabwean customers it will accept only hard currency for its beverages as local businesses struggle to cope with foreign-exchange shortages.
Forget Fed hikes, as traders now are pricing a cut by April 2020
Submitted by cpowell on Thu, 2019-01-03 14:03 Section: Daily DispatchesBy Edward Bolingbroke and Emily Barrett
Bloomberg News
Thursday, January 3, 2019
Bond traders are showing little sign of stepping back from their fight with the Federal Reserve over the path of interest rates and the market is now positioned for cuts on the horizon.
Ambrose Evans-Pritchard: The euro has failed, threatens democracy, and should be abolished
Submitted by cpowell on Wed, 2019-01-02 21:14 Section: Daily DispatchesBy Ambrose Evans-Pritchard
The Telegraph, London
Wednesday, January 2, 2019
https://www.telegraph.co.uk/business/2019/01/02/euro-has-failed-threaten...
To be charitable, you could say the euro has proved itself merely by surviving until its 20th birthday this January. That is a low bar.
Craig Hemke at Sprott Money: Expectations for gold and silver in 2019
Submitted by cpowell on Wed, 2019-01-02 17:27 Section: Daily Dispatches5:27p ET Wednesday, January 2, 2018
Dear Friend of GATA and Gold:
Craig Hemke of the TF Metals Report, writing tonight at Sprott Money, argues that economic and political conditions now resemble those of 2010, when gold and silver last enjoyed strong rallies. While bullion banks will keep striving to suppress the monetary metals, Hemke writes, he expects prices to continuing climbing.
Key Fed yield gauge points to rate cuts for first time since 2008
Submitted by cpowell on Wed, 2019-01-02 09:08 Section: Daily DispatchesBy Gregor Stuart Hunter
Bloomberg News
Wednesday, January 2, 2019
A market indicator watched by the Fed as one of the most accurate gauges of economic health is pricing in lower rates for the first time in more than a decade.
What if nobody cares about market rigging? Do you?
Submitted by cpowell on Tue, 2019-01-01 16:12 Section: Daily Dispatches4:21p ET Tuesday, January 1, 2019
Dear Friend of GATA and Gold:
U.S. Mint's American Eagle 2018 gold, silver coin sales at 11-year lows
Submitted by cpowell on Tue, 2019-01-01 12:52 Section: Daily DispatchesBy Renita D. Young
Reuters
Monday, December 31, 2018
U.S. Mint sales of American Eagle gold and silver coins dropped to their lowest in 11 years during 2018, U.S. Mint data showed Monday, as investors favored higher-yielding assets despite global stock and bond market volatility late in the year.
Indian government ponders ending hostility to gold
Submitted by cpowell on Tue, 2019-01-01 10:19 Section: Daily DispatchesNew Gold Policy Likely Soon; Looking at All Aspects of Yellow Metal, Commerce Minister Says
From the Press Trust of India
via MoneyControl.com, Mumbai
Thursday, December 27, 2018
What states are doing to offer more currency competition
Submitted by cpowell on Mon, 2018-12-31 18:20 Section: Daily DispatchesBy J.P. Cortez
Mises Institute, Auburn, Alabama
Saturday, December 29, 2018
The destruction of sound money over the past century stems from actions at the federal level, but there are steps states can take -- and even have already taken -- to move toward real, sound, constitutional money.
Clint Siegner: Fake markets and the return of the Plunge Protection Team
Submitted by cpowell on Mon, 2018-12-31 18:15 Section: Daily DispatchesBy Clint Siegner
Money Metals News Service, Eagle, Idaho
Monday, December 31, 2018
It's amazing what passes as a market these days.
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