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Vast new money creation by central banks, so of course gold goes down
Maybe with a little help from central bank shorting.
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Fed and Other Major Central Banks Move to Boost Dollar Funding
By Craig Torres
Sunday, March 19, 2023
The Federal Reserve and five other central banks announced coordinated action on Sunday to boost liquidity in U.S. dollar swap arrangements, the latest effort by policymakers to ease growing strains in the global financial system.
Central banks involved in the dollar swaps will "increase the frequency of seven-day maturity operations from weekly to daily," the Fed said in a statement coordinated with the Bank of Canada, the Bank of England, the Bank of Japan, the European Central Bank, and the Swiss National Bank.
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The U.S. central bank has typically provided access to such arrangements at times when there is a squeeze on the availability of dollars. That can arise because banks outside the U.S. typically have obligations that are denominated in greenbacks, and in times of financial strain have less access to dollar funding. ...
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Toast to a free gold market
with great GATA-label wine
Wine carrying the label of the Gold Anti-Trust Action Committee, cases of which were awarded to three lucky donors in GATA's recent fundraising campaign, are now available for purchase by the case from Fay J Winery LLC in Texarkana, Texas. Each case has 12 bottles and the cost is $240, which includes shipping via Federal Express.
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Support GATA by purchasing
Stuart Englert's "Rigged"
"Rigged" is a concise explanation of government's currency market rigging policy and extensively credits GATA's work exposing it. Ten percent of sales proceeds are contributed to GATA. Buy a copy for $14.99 through Amazon --
-- or for an additional $3 and a penny buy an autographed copy from Englert himself by contacting him at email@example.com.
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