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Daily Dispatches
Interest rate futures say Fed is all but done with hikes
Submitted by cpowell on Tue, 2018-12-25 09:56 Section: Daily DispatchesFrom Reuters
Monday, December 24, 2018
The Federal Reserve is finished raising U.S. interest rates.
That is the message emerging from the interest rate futures market as Monday's full-blown flight from risk assets drove traders to price out nearly any prospect of further rate increases from the Fed, which raised rates again only last week.
Treasury secretary summons 'Plunge Protection Team' as markets tumble
Submitted by cpowell on Sun, 2018-12-23 20:01 Section: Daily DispatchesBy Jason Lange
Reuters
Sunday, December 23, 2018
WASHINGTON -- U.S. President Donald Trumps Treasury secretary called top U.S. bankers on Sunday amid an ongoing rout on Wall Street and made plans to convene a group of officials known as the "Plunge Protection Team."
London's streets are no longer paved with gold as miners struggle
Submitted by cpowell on Sun, 2018-12-23 16:02 Section: Daily DispatchesBy Thomas Biesheuvel
Bloomberg News
Sunday, December 23, 2018
Reports that AngloGold Ashanti Ltd. is considering a London listing provide some festive cheer to a city that's lost its way as a home for gold miners.
New York Sun: Trump should take on the Fed
Submitted by cpowell on Sun, 2018-12-23 15:04 Section: Daily DispatchesFrom The New York Sun
Sunday, December 23, 2018
Should the chairman of the Federal Reserve take a lesson from Secretary of Defense Mattis?
Morgan trader's confession, CFTC's stonewalling reviewed by GATA secretary
Submitted by cpowell on Sun, 2018-12-23 10:26 Section: Daily Dispatches10:21a Sunday, December 23, 2018
Dear Friend of GATA and Gold:
Interviewed Friday by Chris Marcus of Arcadia Economics (https://arcadiaeconomics.com), your secretary/treasurer discussed recent developments in gold and silver market rigging by the U.S. government, its agents, and others. Among them:
Treasury secretary denies Trump is considering firing Fed chairman
Submitted by cpowell on Sat, 2018-12-22 19:03 Section: Daily DispatchesBy Jennifer Epstein, Erik Wasson, Billy House, and Elizabeth Dexheimer
Bloomberg News
Saturday, December 22, 2018
Treasury Secretary Steven Mnuchin issued an emphatic statement saying President Donald Trump denied he had suggested firing Federal Reserve Chairman Jerome Powell and declaring the president doesn't believe he has legal authority to dismiss the central bank chief.
Trump muses about firing Fed chairman, sources tell Bloomberg
Submitted by cpowell on Sat, 2018-12-22 10:59 Section: Daily DispatchesBy Jennifer Jacobs, Saleha Mohsin, and Margaret Talev
Bloomberg News
Friday, December 21, 2018
President Donald Trump has discussed firing Federal Reserve Chairman Jerome Powell as his frustration with the central bank chief intensified following this week's interest-rate hike and months of stock-market losses, according to four people familiar with the matter.
Indonesia gains majority ownership of giant Freeport mine
Submitted by cpowell on Sat, 2018-12-22 09:54 Section: Daily DispatchesBy Niniek Karmini
Associated Press
via Yahoo News
Friday, December 21, 2018
JAKARTA, Indonesia -- Indonesia finalized the transfer of majority control over a giant gold and copper mine from U.S. company Freeport-McMoRan, the government said today, in a long-awaited deal that boosts the president's re-election campaign.
New York Sun: Watch for 'In Money We Trust' on public broadcasting
Submitted by cpowell on Sat, 2018-12-22 00:06 Section: Daily DispatchesFrom The New York Sun
Saturday, December 22, 2018
Barrick slashes jobs at head office; director Anthony Munk to resign
Submitted by cpowell on Fri, 2018-12-21 21:12 Section: Daily DispatchesBy Niall McGee
The Globe & Mail, Toronto
Friday, December 21, 2018
Barrick Gold Corp. is making deep cuts to its Toronto head office even before its acquisition of Randgold Resources Ltd. has closed -- and long-standing director Anthony Munk is stepping down from the board.