Craig Hemke at Sprott Money: Monetary madness endgame
Submitted by admin on Wed, 2023-03-22 14:57 Section: Daily Dispatches2:52p ET Wednesday, March 22, 2023
Dear Friend of GATA and Gold:
As the Federal Reserve slowly backs away from raising interest rates, the TF Metals Report's Craig Hemke writes at Sprott Money today that the Keynesian era of monetary management is coming to an end in the long-expected uncontrolled inflation.
Hemke's analysis is headlined "Monetary Madness Endgame" and it's posted at Sprott Money here:
https://www.sprottmoney.com/blog/Monetary-Madness-Endgame-2023-03-22
New York Sun: Louisiana congressman turns out to have been a prophet about the Fed
Submitted by admin on Wed, 2023-03-22 13:38 Section: Daily DispatchesFrom the New York Sun
Tuesday, March 21, 2023
https://www.nysun.com/article/the-federal-reserve-a-prophet-arises-from-louisiana
Former JPMorgan traders should get prison for spoofing, prosecution says
Submitted by admin on Wed, 2023-03-22 13:13 Section: Daily DispatchesBy Steve Smith
Bloomberg News
Tuesday, March 21, 2023
The former head of the JPMorgan Chase & Co. precious-metals business and his top gold trader should get multiyear prison terms after they were convicted of spoofing the market for years, the U.S. government said in a court filing.
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PacWest Bank borrows billions as depositors scatter
Submitted by admin on Wed, 2023-03-22 12:12 Section: Daily DispatchesPacWest Secures $1.4 Billion Lifeline
By Sridhar Natarajan and Max Reyes
Bloomberg News
Wednesday, March 22, 2023
PacWest Bancorp is moving to shore up liquidity to protect itself after customers pulled 20% of their deposits since the start of the year.
The regional bank, whose shares have tumbled 58% this month, secured $1.4 billion from a financing facility from Atlas SP Partners and abandoned a separate push to raise capital because of market volatility, it said in a statement today.
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GATA Chairman Murphy interviewed by GoldSeek Radio's Chris Waltzek
Submitted by admin on Tue, 2023-03-21 22:46 Section: Daily Dispatches10:45p ET Tuesday, March 21, 2023
Dear Friend of GATA and Gold:
GoldSeek Radio's Chris Waltzek this week interviewed GATA Chairman Bill Murphy, who said the bullish fundamentals for gold and silver remain in place -- as does manipulation of their markets by what he calls the gold cartel.
The next big rally in the metals, Murphy says, could fire up faster than anyone expects.
The interview is 12 minutes long and can be heard at GoldSeek's companion site, SilverSeek, here:
Jan Nieuwenhuijs: The hierarchy of money and the case for $8,000 gold
Submitted by admin on Tue, 2023-03-21 21:31 Section: Daily Dispatches9:31p ET Tuesday, March 21, 2023
Dear Friend of GATA and Gold:
Gold market researcher Jan Nieuwenhuijs writes today that central banks are gradually turning away from government currencies and back toward gold for the major component of their financial reserves. He calculates a likely future valuation of gold in U.S. dollars that is substantially higher than the price shown on charts tonight.
Nieuwenhuijs' analysis is headlined "The Hierarchy of Money and the Case for $8,000 Gold" and it's posted at the Gainesville Coins internet site here:
