You are here

Daily Dispatches

European Central Bank ready to rig markets if French voters misbehave

Section: Daily Dispatches

ECB Can Help Banks, Not Governments After French Vote, Visco Says

By Francesco Canepa
Reuters
Saturday, April 22, 2017

The European Central Bank can supply cash to banks if Sunday's presidential vote in France roils markets but suppressing a rise in governments' borrowing costs would go beyond its remit, ECB policymaker Ignazio Visco said on Saturday.

Mike Kosares: The past few days have been a fractal event for the gold market

Section: Daily Dispatches

3:25p ET Friday, April 21, 2017

Dear Friend of GATA and Gold:

Alasdair Macleod: America's financial war strategy

Section: Daily Dispatches

By Alasdair Macleod
GoldMoney.com, St. Helier, Jersey, Channel Islands
Thursday, April 20, 2017

America's renewed desire to escalate military tensions is a front for America's continual financial war, this time directed at North Korea, Syria, and possibly

Fed fines Deutsche Bank $156.6 million for forex violations

Section: Daily Dispatches

By Patrick Rucker and Karen Freifeld
Reuters
Thursday, April 20, 2017

The U.S. Federal Reserve on Thursday fined Deutsche Bank $156.6 million for violating foreign exchange rules and running afoul of the Volcker Rule.

The German bank failed to detect and halt its traders from using chat rooms to communicate with competitors, the Fed said in a statement.

Ted Butler: A secret and illegal agreement

Section: Daily Dispatches

9:44a ET Thursday, April 20, 2017

Dear Friend of GATA and Gold:

Gold trading systems experience growing pains

Section: Daily Dispatches

By Shelley Goldberg
Bloomberg News
Wednesday, April 19, 2017

On the afternoon of April 11, London's daily gold price benchmark fix took a peculiar turn: It was about $12 under the spot price. The auction appeared to be stuck on a descending escalator from an initial $1,265.75, before fixing at $1,252.90.

Trump 'absolutely not' trying to talk down dollar, Treasury's Mnuchin says

Section: Daily Dispatches

By David Milliken
Reuters
Wednesday, April 19, 2017

U.S. President Donald Trump is "absolutely not" trying to talk down the strength of the dollar, Treasury Secretary Steven Mnuchin was quoted as saying in the Financial Times today.

New York Sun: Ron Paul's IMF question emerges in sharp relief in the era of Trump

Section: Daily Dispatches

From The New York Sun
Tuesday, April 18, 2017

If the International Monetary Fund does nothing else at its meeting that starts Thursday in Washington, it would be nice to see it — or someone — answer the Ron Paul question: Why do its articles of agreement actually prohibit members from linking their currencies to gold?

Today's dumping of paper gold failed, Embry tells KWN

Section: Daily Dispatches

2:56p ET Tuesday, April 18, 2017

Dear Friend of GATA and Gold:

Sprott Asset Management's John Embry, interviewed today by King World News, discusses this morning's attack on gold with the dumping of $3 billion in contracts on the futures market, an attack that nevertheless seems to have been repelled. Embry's comments are excerpted at KWN here:

Pages