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Daily Dispatches
Treasure washes up on Venezuela's shore, bringing gold and hope to a village
Submitted by cpowell on Sat, 2020-12-12 11:49 Section: Daily DispatchesAnother day in another rich country insisting on being poor.
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By Anatoly Kurmanaev and Isayen Herrera
The New York Times
Saturday, December 12, 2020
GUACA, Venezuela -- The most extraordinary moment in the young fisherman's life began in the most mundane way: with a morning visit to the latrine.
Gold hubs including UAE pledge support for crackdown on illegal trade
Submitted by cpowell on Sat, 2020-12-12 11:43 Section: Daily DispatchesBy Peter Hobson and Maha El Dahan
Reuters
Friday, December 11, 2020
Eleven gold-trading hubs including the United Arab Emirates have declared their support for an initiative by the world's most influential bullion market authority to improve regulation on issues such as money laundering and unethical sourcing of gold.
Major governments vow to maintain their 'currency monopoly'
Submitted by cpowell on Fri, 2020-12-11 14:00 Section: Daily DispatchesG7 Finance Officials Back Need to Regulate Digital Currencies
By Andrea Shalal and Christian Kraemer
Reuters
Monday, December 7, 2020
Finance ministers and central bankers from the Group of Seven advanced economies strongly supported the need to regulate digital currencies, the U.S. Treasury Department said in a statement today after a virtual meeting of the officials.
Pam and Russ Martens: The 'market' is now the NYFed's trading desk
Submitted by cpowell on Fri, 2020-12-11 11:44 Section: Daily DispatchesMission Creep or Creepy Mission: The New York Fed's Trading Desk Has Ballooned to $6.59 Trillion Today from $576 Billion in 2008
By Pam and Russ Martens
Wall Street on Parade
Friday, December 11, 2020
Daniel J. Smith: Judy Shelton's rejection doesn't mean gold standard failed
Submitted by cpowell on Thu, 2020-12-10 22:25 Section: Daily DispatchesBy Daniel J. Smith, Director
Political Economy Research Institute
Middle Tennessee State University, Murfreesboro
via Nashville Business Journal
Thursday, December 10, 2020
Negative-yield debt pile at $18 trillion for first time
Submitted by cpowell on Thu, 2020-12-10 22:01 Section: Daily DispatchesRemember when they sneered that gold doesn't pay interest?
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By Cormac Mullen
Bloomberg News
Thursday, December 10, 2020
The world’s stockpile of negative-yielding debt has swelled to a fresh record in a sign that demand for havens is just as intense as that for riskier assets.
BIS masterminds gold, silver smashes, London trader Maguire says
Submitted by cpowell on Thu, 2020-12-10 21:21 Section: Daily Dispatches9:24p ET Thursday, December 10, 2020
Dear Friend of GATA and Gold:
London metals trader Andrew Maguire, interviewed yesterday by Chris Marcus of Arcadia Economics, says the Bank for International Settlements has been masterminding the recent smashes of monetary metals prices and that buyers of gold futures contracts are being offered hefty bonuses not to take delivery.
Alasdair Macleod: Prospects for the U.K. and the pound
Submitted by cpowell on Wed, 2020-12-09 23:19 Section: Daily DispatchesBy Alasdair Macleod
GoldMoney, St. Helier, Jersey, Channel Islands
Thursday, December 10, 2020
Market rigging by government is worse than 'spoofing' by banks, GATA chairman says
Submitted by cpowell on Wed, 2020-12-09 22:42 Section: Daily Dispatches10:40p ET Wednesday, December 9, 2020
Dear Friend of GATA and Gold:
Manipulation of the gold and silver markets by the U.S. Federal Reserve and Treasury Department is far more significant than the manipulative "spoofing" done in those markets by JPMorganChase and other bullion banks, GATA Chairman Bill Murphy says in an interview with Edson Miranda of AGXPay.com in Liechtenstein.
ECB's insatiable appetite slowly shuts down Europe's bond market
Submitted by cpowell on Wed, 2020-12-09 20:20 Section: Daily DispatchesBy John Ainger
Bloomberg News
Wednesday, December 9, 2020
In Europe investors like Alessandro Tentori are starting to say their goodbyes to the region's bond market, worried that soon there may not be any place left for them.
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