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Daily Dispatches
Pam and Russ Martens: Academic study documents revolving door between big banks and regulators
Submitted by admin on Thu, 2024-05-30 12:12 Section: Daily DispatchesBy Pam and Russ Martens
Wall Street on Parade
Thursday, May 30, 2024
Ronan Manly: Trends and developments in central bank gold buying
Submitted by admin on Thu, 2024-05-30 11:59 Section: Daily DispatchesBy Ronan Manly
Bullion Star, Singapore
Thursday, May 30, 2024
As we approach mid-year 2024 in the environment of an all-time high U.S. dollar gold price, it's notable that central bank gold buying continues to be one of the themes dominating gold market discussion.
In uncertain times, gold jewellery offers financial security
Submitted by admin on Wed, 2024-05-29 15:21 Section: Daily DispatchesWhen gold is remonetized, India may be the richest country in the world.
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By Yumna Iftikhar
The Globe and Mail, Toronto
Tuesday, May 28, 2024
As a child Adiba Ahmed didn't understand why her mother loved gold jewellery. But when her family came under financial stress and her mother sold the gold to keep them afloat, Ahmed realized that gold jewellery could be a reliable emergency fund.
Pam and Russ Martens: JPMorgan Securities is fined $100 million for spoofing and high-frequency-trading violations
Submitted by admin on Tue, 2024-05-28 11:23 Section: Daily DispatchesBy Pam and Russ Martens
Wall Street on Parade
Tuesday, May 28, 2024
How does a Wall Street trading firm gain competitive advantage to entice spoofers and high-frequency trading firms to use its trading platforms instead of those of its competitors?
How about having its trading compliance personnel wear a blindfold as billions of trades occur over the span of eight or nine years?
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Robert Lambourne: Interest cost of U.S. 'special debt' still falls as debt and rates rise
Submitted by admin on Mon, 2024-05-27 10:55 Section: Daily DispatchesBy Robert Lambourne
May 27, 2024
This note updates a report from March 17 concerning the gross interest cost reported in the last 12 monthly U.S. Treasury statements for the Federal government. That report is here:
India's central bank buys 1.5 times more gold in January-April than in all of 2023
Submitted by admin on Wed, 2024-05-22 22:47 Section: Daily DispatchesBy Gayatri Nayak
The Times of India, Mumbai
Thursday, May 23, 2024
The Reserve Bank of India added 24 tonnes of gold to its stock of reserves in four months from January to April this year as a hedge against volatility amid geopolitical tensions. This is reckoned to be a part of strategic diversification of reserves in challenging times.
This is almost 1 1/2 times the volume it did during the whole of 2023 when it added 16 tonnes to its reserves, an analysis of the Reserve Bank data indicates.
Jan Nieuwenjuijs: Strong PBoC and Chinese private-sector buying continues to boost gold
Submitted by admin on Wed, 2024-05-22 11:15 Section: Daily DispatchesBy Jan Nieuwenhuijs
Gainesville Coins, Lutz, Florida
Wednesday, May 22, 2024
Chinese private-sector gold imports accounted for 543 tonnes in the first quarter, while the People's Bank of China added 189 tonnes to its reserves over this time.
Most of the PBoC's purchases are "unreported."
China continues to be the marginal buyer in the gold market, driving up the price. I expect that China will remain a robust buyer of gold going forward in support of the price.
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Zimbabwe asks miners to boost gold output to support new ZiG currency
Submitted by admin on Tue, 2024-05-21 11:30 Section: Daily DispatchesBy Godfrey Marawanyika
Bloomberg News
Monday, May 20, 2024
Zimbabwe has asked gold miners across the country to ramp up output to support the ZiG currency launched last month, according to Mines and Mining Development Minister Winston Chitando.
"This new currency is anchored on gold production. We have to determine ways to increase production," Chitando said Monday in a meeting with miners in the capital, Harare.
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Jim Rickards: Trump aims not for currency war but currency peace
Submitted by admin on Tue, 2024-05-21 11:17 Section: Daily DispatchesBy James G. Rickards
The Daily Reckoning, Baltimore
Tuesday, May 14, 2024
There has been a lot reported in recent days about the return of currency wars. This story arises in the context of a likely Trump election victory in the November presidential elections.
Trump badly bungled his transition after being elected president in 2016. He wasn't ready with a long list of loyal appointees.
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Alabama abolishes income taxes on gold and silver
Submitted by admin on Mon, 2024-05-20 12:52 Section: Daily DispatchesFrom Money Metals News Service
Saturday, May 18, 2024
Alabama Governor Kay Ivey today signed a bill that removes all income taxes on capital gains from the sale of gold and silver, enabling the state to take an important step forward in reinforcing sound-money principles.
With this move, Alabama joins a growing number of states prioritizing the protection of citizens against the deleterious effects of inflation, currency debasement, and mounting federal debt.
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