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Daily Dispatches
Fed braces as another big inflation number looms
Submitted by admin on Sun, 2022-07-10 11:10 Section: Daily DispatchesBy Vince Golle
Bloomberg News
Sunday, July 10, 2022
U.S. inflation data in the coming week may stiffen the resolve of Federal Reserve policy makers to proceed with another big boost in interest rates later this month.
The closely watched consumer price index probably rose nearly 9% in June from a year earlier, a fresh four-decade high, based on the median projection of economists in a Bloomberg survey. Compared with May, the CPI is seen rising 1.1%, marking the third month in four with an increase of at least 1%.
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Ed Steer's weekend letter, 'Yet Another Blockbuster CoT Report'
Submitted by admin on Sat, 2022-07-09 21:04 Section: Daily Dispatches9p ET Saturday, July 9, 2022
Dear Friend of GATA and Gold:
The weekend edition of GATA board member Ed Steer's Gold and Silver Digest, headlined "Yet Another Blockbuster Commitment of Traders Report," has been posted in the clear at GoldSeek's companion site, SilverSeek, here:
https://silverseek.com/article/yet-another-blockbuster-cot-report
London-New York axis losing control of pricing for real metal, Maguire and Kientz say
Submitted by admin on Sat, 2022-07-09 17:45 Section: Daily Dispatches5:45p ET Saturday, July 9, 2022
Dear Friend of GATA and Gold:
Ex-JPMorgan traders' 'spoofed' trades were genuine, defense says as trial opens
Submitted by admin on Fri, 2022-07-08 19:05 Section: Daily DispatchesBy Jody Godoy
Reuters
Friday, July 8, 2022
The closely watched criminal trial of three former JPMorgan Chase & Co (JPM.N) employees kicked off on Friday, with a prosecutor saying they "ripped off" the precious metals futures market with fake orders and defense attorneys saying the orders were genuine.
Jim Rickards: The dollar is a victim of its own success
Submitted by admin on Thu, 2022-07-07 18:37 Section: Daily DispatchesBy James G. Rickards
The Daily Reckoning, Baltimore
Thursday, July 7, 2022
America's most powerful weapon of war does not shoot, fly, or explode. It's not a submarine, plane, tank or laser. America’s most powerful strategic weapon today is the dollar. The U.S. uses the dollar strategically to reward friends and punish enemies.
The use of the dollar as a weapon is not limited to trade wars and currency wars, although the dollar is used tactically in those disputes. The dollar is much more powerful than that.
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Alasdair Macleod: Failing states and strangled economies
Submitted by admin on Thu, 2022-07-07 11:11 Section: Daily DispatchesBy Alasdair Macleod
GoldMoney, Toronto
Thursday, July 7, 2022
Fickle markets have stopped worrying about inflation and begun to worry about recession. Both the financial establishment and investors seem incapable of understanding that it is not either one or the other but both together.
Behind the inevitable crisis now emerging is a lack of understanding that it is not supply chain failures or an evil president of Russia that have caused our current predicament, but our previous monetary excesses.
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When buying gold or silver, consider the dealers who support GATA
Submitted by admin on Thu, 2022-07-07 10:25 Section: Daily Dispatches10:25a ET Thursday, July 7, 2022
Dear Friend of GATA and Gold:
Being the only forms of money without counterparty risk, at least when held directly by their owners, gold and silver are often seen as the foundation of a sound investment portfolio.
JPMorgan's 'big hitters' of gold market go to trial over spoofing
Submitted by admin on Thu, 2022-07-07 10:23 Section: Daily DispatchesBy Eddie Spence and Tom Schoenberg
Bloomberg News
Thursday, July 7, 2022
Michael Nowak was once the most powerful person in the gold market.
Bullion Star's Ronan Manly: Peter Hambro's declaration is a big deal
Submitted by admin on Wed, 2022-07-06 16:42 Section: Daily Dispatches4:40p ET Wednesday, July 6, 2022
Dear Friend of GATA and Gold:
Bullion Star's Ronan Manly thinks it's remarkably important that gold mining and bullion banking veteran Peter Hambro this week came out flatly declarting that central banks and their agent investment banks operate a largely surreptitious system of suppressing international gold prices.
Hambro's declaration came in an essay called to your attention by GATA on Monday:
Prices don't drop when inflation eases
Submitted by admin on Tue, 2022-07-05 22:47 Section: Daily DispatchesBy Medora Lee
USA Today, McLean, Virginia
via Yahoo News, Sunnyvale, California
Tuesday, July 5, 2022
When it comes to prices during inflation what goes up doesn't always come down.
When talking about inflation, it's important to remember that inflation is a rate that measures how fast prices are rising. If the consumer inflation rate drops from its 40-year high of 8.6% in May, prices are still rising -- just not as fast.
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