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Daily Dispatches

Interest rate futures say Fed is all but done with hikes

Section: Daily Dispatches

From 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

Section: Daily Dispatches

By 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

Section: Daily Dispatches

By 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

Section: Daily Dispatches

From 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

Section: Daily Dispatches

10:21a 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

Section: Daily Dispatches

By 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

Section: Daily Dispatches

By 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

Section: Daily Dispatches

By 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

Section: Daily Dispatches

From The New York Sun
Saturday, December 22, 2018

Barrick slashes jobs at head office; director Anthony Munk to resign

Section: Daily Dispatches

By 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.

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