Daily Dispatches

Alasdair Macleod: How to return to sound money

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By Alasdair Macleod
GoldMoney, St. Helier, Channel Islands
Thursday, January 9, 2020

Given the current fiat money system is on a path towards its own destruction it is not surprising that there has been increasing talk of a monetary reset. Without a completely different approach and by retaining the same institutions and macroeconomic concepts, any such reset is bound to fail.

Jim Rickards: A new gold standard -- orderly or chaotic?

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By James Rickards
DailyReckoning.com
Tuesday, January 7, 2020

Over the past century, monetary systems change about every 30 to 40 years on average. Before 1914 the global monetary system was based on the classical gold standard.

Then in 1945 a new monetary system emerged at Bretton Woods. I was at Bretton Woods this past summer to commemorate its 75th anniversary.

Pam and Russ Martens: Fed's balance sheet explodes by $413 billion in 119 days

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By Pam and Russ Martens
Wall Street on Parade
Wednesday, January 8, 2020

On September 4, 2019, the assets on the balance sheet of the Federal Reserve stood at $3.761 trillion. As of January 1, that figure is $4,173,626,000,000. That's an increase of $413 billion in just the past 119 days and the Fed does not seem inclined to turn off its money spigot to Wall Street any time soon.

Craig Hemke at Sprott Money: New year will bring rate cuts, debt monetization, rising metals

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10:37p ET Tuesday, January 7, 2020

Dear Friend of GATA and Gold:

Shunning actual journalism, Bloomberg's Authers misleads his readers again

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9:05p ET Tuesday, January 7, 2020

Dear Friend of GATA and Gold:

In September 2018 Financial Times columnist John Authers admitted that he had withheld important information from his newspaper's readers so he could exploit it financially for himself:

http://www.gata.org/node/18478

Pam and Russ Martens: Stock exposure has exploded at JPMorgan's federally-insured bank

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By Pam and Russ Martens
Wall Street on Parade
Tuesday, January 7, 2020

Federally-insured banks are not supposed to be making large speculations in the stock market. They are supposed to be using bank deposits to make loans to worthy businesses and consumers to help grow the U.S. economy and keep the United States competitive on the global stage.

... Dispatch continues below ...

Why U.S.-Iran tensions are not a good reason to buy gold

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By Myra P. Saefond
MarketWatch.com, New York
Monday, January 6, 2020

Gold's haven appeal amid mounting U.S.-Iran tensions and uncertainty in the Middle East could turn sour following the precious metal's recent price rally to near seven year highs.

Gold 'overbought'? Yes, insofar as 95% of what people think they own doesn't exist

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But not because of trading data when central banks are surreptitiously manipulating the market.

* * *

Gold Has Been This Overbought Only Three Times in Two Decades

By Ye Xie
Bloomberg News
Monday, January 6, 2020

https://www.bloomberg.com/news/articles/2020-01-06/gold-has-been-this-ov...

Jan Nieuwenhuijs: The East-West ebb and flood of gold

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11:40a ET Monday, January 6, 2020

Dear Friend of GATA and Gold:

Asia tends to buy gold when it's on sale, with the aim of long-term accumulation, Voima Gold researcher Jan Nieuwenhuijs writes today, while the West tends to buy it when the price is rising with the aim of hedging against short-term financial disturbances.

'We must get a winner one day': Why it might be tomorrow

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11:35p ET Sunday, January 5, 2020

Dear Friend of GATA and Gold:

Our friend B.A. tonight challenges optimism among gold and silver investors that the latest crisis in the Middle East will explode Western central banking's longstanding gold price suppression policy.

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