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Daily Dispatches
Buy physical gold because central banks are on its side, Rickards says
Submitted by cpowell on Mon, 2016-08-15 08:13 Section: Daily DispatchesBuy Physical Gold Because Central Banks Are on Its Side, Rickards Says
By Huileng Tan
CNBC, New York
Monday, August 15, 2016
Gold prices can go nowhere but up as central banks around the world try their utmost to spur inflation, author and gold market expert Jim Rickards said Monday.
Value of negative-yielding bonds rises to $13.4 trillion
Submitted by cpowell on Sat, 2016-08-13 08:42 Section: Daily DispatchesBy Robin Wigglesworth and Eric Platt
Financial Times, London
Saturday, August 13, 2016
The value of negative-yielding bonds swelled to $13.4 trillion this week, as negative interest rates and central bank bond buying ripple through the debt market.
The emperor wears no clothes but who else dares to say so?
Submitted by cpowell on Fri, 2016-08-12 22:59 Section: Daily Dispatches11:15p ET Friday, August 12, 2016
Dear Friend of GATA and Gold:
Somebody smashed the gold price out of the blue today, with no particular news developments to explain it:
http://www.chartseeker.com/images/AU-24HR-LG.png?r=463917316745.4918
Zero Hedge asserts that the smash was accomplished by the dumping of $5 billion in paper gold:
Von Greyerz, Embry discuss prospects for monetary metals
Submitted by cpowell on Fri, 2016-08-12 13:22 Section: Daily Dispatches1:21p ET Friday, August 12, 2016
Dear Friend of GATA and Gold:
Gold fund manager Egon von Greyerz interviews Sprott Asset Management's John Embry, discussing the prospects of the monetary metals, the overvaluation of financial assets, and the increasing weaknesses of currencies, among other topics. The interview is 23 minutes long and can be viewed at Gold Switzerland's Internet site here:
Goldman Sachs up against JPMorgan in gold battle in London
Submitted by cpowell on Fri, 2016-08-12 08:32 Section: Daily DispatchesHenry Sanderson and Neil Hume
Financial Times, London
Friday, August 12, 2016
http://www.ft.com/cms/s/0/739a8284-5eea-11e6-bb77-a121aa8abd95.html
Some of the world's largest banks are battling over plans to make London's $5 trillion-a-year gold market more transparent in the biggest shake-up of global bullion trading for decades.
TF Metals Report: TED spread hints at stock fall, gold rise
Submitted by cpowell on Thu, 2016-08-11 18:19 Section: Daily Dispatches6:18p ET Thursday, August 11, 2016
Dear Friend of GATA and Gold:
Investment surpasses jewelry as source of most demand for gold
Submitted by cpowell on Thu, 2016-08-11 07:39 Section: Daily DispatchesBy Catherine Boyle
CNBC, New York
Thursday, August 11, 2016
Investors' rabid appetite for gold is showing no signs of abating, as figures from the World Gold Council show record investment in the first half of 2016.
Benn Steil: Adopt a gold-backed dollar? This is what happened the last time we tried
Submitted by cpowell on Thu, 2016-08-11 07:30 Section: Daily DispatchesBy Benn Steil
MarketWatch.com, New York
Thursday, August 11, 2016
"The dollar and gold are synonymous," Harry Dexter White, the architect of the Bretton Woods international monetary system, told Congress in 1945. "There is no likelihood that ... the United States will, at any time, be faced with the difficulty of buying and selling gold at a fixed price freely."
The Bank of England just learned a lot about bond market liquidity
Submitted by cpowell on Wed, 2016-08-10 11:24 Section: Daily DispatchesBy Tracy Alloway
Bloomberg News
Wednesday, August 10, 2016
Return on UK government bonds turns negative
Submitted by cpowell on Wed, 2016-08-10 08:23 Section: Daily DispatchesFrom the British Broadcasting Corp.
Wednesday, August 10, 2016
The return on some UK government debt turned negative after the Bank of England missed its target in a new bond buying operation.
The bank had offered to buy government bonds, or gilts, as part of its new quantitative easing programme to stimulate the economy.
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