Daily Dispatches

Tocqueville's Hathaway acknowledges the political incorrectness of gold, if not intervention

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11:55a ET Saturday, October 5, 2019

Dear Friend of GATA and Gold:

Tocqueville's latest Gold Strategy Letter by fund manager John Hathaway wonderfully details the case for gold's price to rise even as the letter omits a few crucial things, as respectable people in finance must do when discussing the monetary metal.

Pam and Russ Martens: There's nothing normal about the Fed pumping hundreds of billions weekly to Wall Street banks

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By Pam and Russ Martens
Wall Street on Parade
Friday, October 4, 2019

Weakening dollar is last hope for world economy, Saxo Bank analyst says

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By Elliot Smith
CNBC, New York
Thursday, October 3, 2019

Weakening the dollar is the last throw of the dice in rescuing the global economy, according to Saxo Bank's Steen Jakobsen.

Vanguard to challenge banks' grip on $6 trillion currency market

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Vanguard to Challenge Banks' Grip on $6 Trillion Currency Market

By Alastair Marsh
Bloomberg News
Thursday, October 3, 2019

Having revolutionized the business of buying stocks, Vanguard Group is now coming for currencies.

Gold will benefit as markets doubt central banks, Stockman tells KWN

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10:44p ET Wednesday, October 2, 2019

Dear Friend of GATA and Gold:

Former U.S. budget director David Stockman tells King World News today that gold will benefit as investors increasingly suspect that central banks can't keep all the financial bubbles inflated.

FT commentary admits that central bank intervention diminishes market fundamentals

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"Meanwhile, central bank intervention and a much-changed regulatory landscape have increased the importance of 'non-fundamental' investing -- investment decisions that are not grounded in an analysis of the value of an asset based on business or economic fundamentals."

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Why Buffett is wrong to dismiss the benefits of gold

By Paras Anand
Financial Times, London

Craig Hemke at Sprott Money: Infinite unbacked paper in futures market continues gold price suppression

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11:43a ET Wednesday, October 2, 2019

Dear Friend of GATA and Gold:

Too big to lend? JPMorgan cash hit Fed limits, roiling U.S. repos

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By David Henry
Reuters
Tuesday, October 1, 2019

NEW YORK -- JPMorgan Chase & Co. has become so big that some rival banks and analysts say changes to its $2.7 trillion balance sheet were a factor in a spike last month in the U.S. "repo" market, which is crucial to many borrowers.

GATA board member Steer discusses huge October contract gold offtake, JPM indictments

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11:44a ET Tuesday, October 1, 2019

Dear Friend of GATA and Gold:

China's Golden Week holiday explains gold's counterintuitive weakness, Zero Hedge says

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Is This The Real Driver Of Gold's Recent Weakness?

From Zero Hedge, New York
Sunday, September 29, 2019

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