Daily Dispatches

Pam and Russ Martens: Big Wall Street banks are bleeding out their equity capital

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Five Mega Wall Street Bank Stocks Have Lost Average of 45% in Five Weeks

By Pam and Russ Martens
Wall Street on Parade
Sunday, March 22, 2020

Dire dollar shortage shows world failed to fix key crisis flaw

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By Christopher Anstey and Enda Curran
Bloomberg News
Sunday, March 22, 2020

The global rush for dollars that's been roiling the $6.6 trillion-a-day foreign-exchange market has showcased a missing piece of financial-safety architecture that world policy makers never addressed in the aftermath of the 2008 crisis.

Goldman injects billion into own money-market funds after heavy withdrawals, Reuters says

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By Tim McLaughlin
Reuters
Saturday, March 21, 2020

Goldman Sachs Group Inc. poured more than $1 billion into two of its prime money-market portfolios this week due to heavy investor withdrawals, according to a filing with the U.S. securities regulator.

USAGold's Mike Kosares: This has been and likely will remain gold's century

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4:53p ET Saturday, March 21, 2020

Dear Friend of GATA and Gold:

While gold investors may be in a sour mood at the moment, USAGold's Mike Kosares shows today how the 21st has been gold's century so far and why the rest of the century bodes well for the monetary metal too.

Kosares' analysis is headlined "Gold's Century" and it's posted at USAGold here:

BNY Mellon steps in to support money market fund after outflows

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By Richard Henderson and Robert Armstrong
Financial Times, London
Friday, March 21, 2020

BNY Mellon stepped in to support one of its money market funds amid sharp outflows from parts of the sector this week, buying $1.2 billion of the fund's assets so it had cash to help cover redemptions.

Royal Canadian Mint suspends production for two weeks amid virus concerns

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By Marie Lemay, President and CEO
Royal Canadian Mint, Ottawa
Friday, March 2020

https://www.mint.ca/store/mint/customer-service/faq-1100010?lang=en_CA&rcmiid=tf|tb|covid19

Steve St. Angelo: Big premiums, delayed delivery for real silver

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4:48p ET Friday, March 20, 2020

Dear Friend of GATA and Gold:

Sprott's John Hathaway: Point of no return

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By John Hathaway
Sprott Inc., Toronto
Wednesday, March 18, 2020

Gold and precious metals mining shares are casualties of panic selling across all financial markets. The scenario is similar to what happened in 2008 during the global financial crisis.

Gold selloff fails to dent investor enthusiasm

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By Henry Sanderson
Financial Times, London
Friday, March 20, 2020

Gold's lacklustre performance this week appeared to diminish the metal's "safe haven" status, as it declined for the second week in a row amid a global stock market selloff due to coronavirus.

Swiss gold exports plunge in February as shipments to China collapse

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By Peter Hobson
Reuters
Thursday, March 19, 2020

LONDON -- Swiss exports of gold fell to the lowest since at least 2012 in February as shipments to top consumer China all but halted, customs data showed today.

The plunge in trade came as China fought to contain an outbreak of coronavirus by shutting down the movement of people and goods. The virus has since spread worldwide.

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