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Daily Dispatches
Pam and Russ Martens: Dallas Fed president made market-moving statements while trading stocks and futures
Submitted by admin on Thu, 2021-09-30 11:24 Section: Daily DispatchesBy Pam and Russ Martens
Wall Street on Parade
Thursday, September 30, 2021
Last year, during the worst health crisis in more than a hundred years in the United States, Dallas Fed President Robert Kaplan was frequently throwing gasoline on the fire in broadcast and print media interviews.
Also in 2020, Kaplan was trading in and out of S&P 500 futures, a sophisticated instrument used by hedge funds to time the market and/or short the market.
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Stagflation fears intensify in signs of slowing growth
Submitted by admin on Thu, 2021-09-30 10:58 Section: Daily DispatchesTommy Stubbington and Delphine Strauss
Financial Times, London
Thursday, September 30, 2021
Supply chain disruptions sweeping major economies have reawakened an old nemesis for investors: stagflation.
Anxiety over rising inflation has been ever-present in markets this year. But with oil topping $80 a barrel, global food prices a third more expensive than they were a year ago, and other commodities at decade highs, investors say a longer-than-expected inflationary surge is coinciding with a slowdown in growth -- and making it worse.
Rare gold coins dug out of French mansion's walls sold for $1.2 million
Submitted by admin on Wed, 2021-09-29 17:39 Section: Daily DispatchesLouis the Great's money is more valuable than ever.
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From Agence France-Presse
via The Guardian, London
Wednesday, September 29, 2021
Hundreds of rare gold coins dug out of the walls of a remote French mansion fetched more than one million euros ($1.2 million) at auction on today.
Stonemasons discovered 239 pieces of gold, minted before the French Revolution, when they began renovating the property near Quimper in the western Brittany region, auctioneers Ivoire/Deloys said.
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New Orleans is back to normal so join GATA there next month
Submitted by admin on Wed, 2021-09-29 17:22 Section: Daily DispatchesBy Brien Lundin
Editor, Gold Newsletter
CEO, the New Orleans Investment Conference
Wednesday, September 29, 2021
With this year's New Orleans Investment Conference just around the corner -- Tuesday through Friday, October 19-22 -- the timing couldn't be better for a metals rally.
If you're a serious investor, you need to attend this blockbuster, in-person event.
Pam and Russ Martens: Was Boston Fed President Rosengren trading with Citigroup's money?
Submitted by admin on Wed, 2021-09-29 12:20 Section: Daily DispatchesBy Pam and Russ Martens
Wall Street on Parade
Wednesday, September 29, 2021
The culture of Wall Street has now completely engulfed the Fed: it's legal if you can get away with it.
New York Fed reports small decline in custodial gold
Submitted by admin on Wed, 2021-09-29 12:10 Section: Daily DispatchesFrom GoldReporter, Germany
Tuesday, September 28, 2021
For the first time in more than two years, the Federal Reserve Bank of New York reports a decrease in its gold holdings stored on behalf of customers.
As the Fed states in its latest monthly report, the gold reserves reported as "earmarked gold" amounted to $7,789 million as of September 24, 2021. This gold is traditionally reported at a book value of $42.22 per ounce. This corresponds to the gold price from 1973.
GATA's Ed Steer discusses Big Four silver traders with GoldCore
Submitted by admin on Wed, 2021-09-29 11:43 Section: Daily DispatchesFrom GoldCore, Dublin
Tuesday, September 28, 2021
GATA's Ed Steer is Dave Russell's guest on GoldCore TV this week, discussing the Big Four commercial traders involved in trading precious metals futures on the Comex and the influence they may have on gold and silver prices.
But who are these Big Four traders?
Watch the interview to find out more:
New York Sun: Fall guys for the dollar
Submitted by admin on Tue, 2021-09-28 11:34 Section: Daily DispatchesFomr The New York Sun
Tuesday, September 28, 2021
The big news of the day is the resignation of the presidents of two regional Federal Reserve Banks amid a contretemps over their trading for their own accounts.
Eric Rosengren, citing his health, is stepping down as president of the Boston Fed. Robert Kaplan is stepping down as head of the Dallas Fed. He's saying the recent focus on his financial disclosure risks becoming a distraction to the bank's execution of its "vital work."
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Agnico Eagle will merge with Kirkland Lake Gold
Submitted by admin on Tue, 2021-09-28 10:42 Section: Daily DispatchesBy Colin Kellaher
Dow Jones Newswires
via MarketWatch, New York
Tuesday, September 28, 2021
Agnico Eagle Mines Ltd. and Kirkland Lake Gold Ltd. said today they have agreed to combine in all-stock deal to create a Canadian mining company with an implied market capitalization of around $24 billion.
Fed officials Kaplan and Rosengren quit amid trading scandals
Submitted by admin on Mon, 2021-09-27 19:58 Section: Daily DispatchesDallas Fed President Kaplan to Retire Early on Oct. 8, Citing Trading Disclosure 'Distraction"
By Jeff Cox
CNBC, New York
Monday, September 27, 2021
Dallas Federal Reserve President Robert Kaplan became the second regional central bank leader to resign tnday, saying he was stepping down early following a recent controversy over stock market trades he made.
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