Negative interest rates are essential for Swiss economy, nation's central banker says

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By Sam Jones
Financial Times, London
Thursday, October 31, 2019

Negative interest rates are "essential" for the Swiss economy and will not be reversed without a significant change in global economic conditions, Thomas Jordan, head of the Swiss National Bank, warned today.

Derivatives' danger may have gotten too big for central banks, Rickards says

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5p CT Wednesday, October 30, 2019

Dear Friend of GATA and Gold:

For some big-picture financial and geopolitical commentary it might be hard to do better than the interview conducted a few days ago by comedians Konstantin Kisin and Francis Foster with author, economist, consultant, and gold advocate James G. Rickards.

Craig Hemke at Sprott Money: Bullion banks will be painting gold's tape again now

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6:15p ET Tuesday, October 29, 2019

Dear Friend of GATA and Gold:

Robert Lambourne: BIS gold swaps fell in September

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By Robert Lambourne
Tuesday, October 29, 2019

The Bank for International Settlements has just published its statement of account for September and it indicates that the bank continues to trade gold swaps. The BIS uses gold swaps and other gold derivatives to gain access to gold held by commercial banks. But recent swaps remain at much-reduced levels compared to the second half of 2018.

Ted Butler: The return of the silver whale?

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7:15p ET Monday, October 28, 2019

Dear Friend of GATA and Gold:

Pam and Russ Martens: Fed fears an explosion on Wall Street, and JPM lit the fuse

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By Pam and Russ Martens
Wall Street on Parade
Monday, October 28, 2019

JPMorgan Chase is the largest bank in the United States, with $1.6 trillion in deposits from more than 5,000 retail bank branches spread across the country. When it withdraws liquidity from the U.S. financial system, that has a reverberating impact.

Russian central bank creating a financial settlements system with China and India

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By Dmitry Grinkevich and Inna Grigoryeva
Izvestia, Moscow
Monday, October 28, 2019

Russia, China, and India have come up with a way to organize settlements in case of disconnection from the SWIFT system.

India's central bank quashes reports of selling gold reserves

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From The Times of India, Mumbai
Sunday, October 27, 2019

MUMBAI -- The Reserve Bank of India today clarified that it had not sold any of its gold reserves and neither done any trading in the metal.

The central bank's announcement, in a series of tweets, came after some reports that the bank has been selling its gold reserves. ...

Interventions against monetary metals are losing impact, GATA secretary says

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10:24a ET Saturday, October 26, 2019

Dear Friend of GATA and Gold:

In an interview this week with Mike Gleason of Money Metals Exchange, your secretary/treasurer remarks that the usual government-inspired smashdowns in the gold and silver markets seem to be losing their impact.

New York Sun: How can Congress lecture Facebook's Zuckerberg about money?

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From the New York Sun
Saturday, October 26, 2019