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Daily Dispatches
3 Swiss banks drop unallocated gold to prepare for Basel III rules, London metals trader Maguire says
Submitted by cpowell on Thu, 2021-01-28 21:04 Section: Daily Dispatches9:04p ET Thursday, January 28, 2021
Dear Friend of GATA and Gold:
Yellen faces 'currency war' redux as she ditches a strong dollar
Submitted by cpowell on Thu, 2021-01-28 19:18 Section: Daily DispatchesBy Saleha Mohsin and Liz McCormick
Bloomberg News
Thursday, January 28, 2021
Treasury Secretary Janet Yellen faces one more headache on an agenda packed with everything from Covid-19 relief to addressing inequality and overhauling tax policy: tensions over foreign-exchange intervention.
Eric King: If only the Reddit crowd would buy real silver, not paper
Submitted by cpowell on Thu, 2021-01-28 16:34 Section: Daily Dispatches4:32p ET Thursday, January 28, 2021
Dear Friend of GATA and Gold (and Silver):
In an interview today with Chris Ritchie, CEO of SilverCrest Metals, Eric King of King World News notes that if the Reddit boys and girls who see opportunity in silver bought the metal itself instead of the silver exchange-traded fund SLV, they might make a big difference.
Pam and Russ Martens: Big banks' 'dark pools' are preparing to liquidate small investors
Submitted by cpowell on Thu, 2021-01-28 13:22 Section: Daily DispatchesGameStop Shares: Dark Pools Owned by Goldman Sachs, JPMorgan, UBS, et al. Have Made Tens of Thousands of Trades
By Pam and Russ Martens
Wall Street on Parade
Thursday, January 28, 2021
Brokers start to restrict trading where shorts are under attack
Submitted by cpowell on Thu, 2021-01-28 11:57 Section: Daily DispatchesBy Bailey Lipschultz and Divya Balji
Bloomberg News
Thursday, January 28, 2021
GameStop Corp. plunged today, triggering more than a dozen volatility halts amid trading restrictions on platforms such as Robinhood Markets and Interactive Brokers Group Inc.
German inflation roars back in January to 11-month high
Submitted by cpowell on Thu, 2021-01-28 10:52 Section: Daily DispatchesFrom Reuters
Thursday, January 28, 2021
BERLIN -- German annual consumer prices turned positive and rose by far more than expected in January, the Federal Statistics Office said today, attributing a rise in sales tax and the minimum wage as factors behind the increase.
First Majestic gets break in opening round of Mexico tax case
Submitted by cpowell on Thu, 2021-01-28 09:18 Section: Daily DispatchesBy Michael O'Boyle
Bloomberg News
via Yahoo News
Wednesday, January 27, 2021
First Majestic Silver Corp. won a reprieve on criminal tax fraud charges in initial Mexican court hearings for a case that will test the strength of the country's crackdown on tax evasion, according to people familiar with the matter.
Venezuelan banks issuing debit cards for dollar-denominated accounts, sources tell Reuters
Submitted by cpowell on Wed, 2021-01-27 20:45 Section: Daily DispatchesBy Corina Pons and Mayela Armas
Reuters
Wednesday, January 27, 2021
CARACAS, Venezuela -- A group of Venezuelan banks has started issuing debit cards to clients who have accounts in hard currency, a move quietly backed by authorities who want to extend the use of dollars in routine transactions, sources familiar with the measure said.
Medieval treasure trove 'belonging to princess' found buried in Polish cornfield
Submitted by cpowell on Tue, 2021-01-26 20:44 Section: Daily DispatchesBy Stuart Dowell
The First News, Warsaw, Poland
Monday, December 21, 2020
Thousands of 12th-century treasures dating back nearly 900 years have been found in a cornfield near Kalisz.
Breakup of HSBC wouldn't be a shock
Submitted by cpowell on Tue, 2021-01-26 20:34 Section: Daily DispatchesBy Elisa Martinuzzi
Bloomberg News
Tuesday, January 26, 2021
HSBC Holdings, a London- and Hong Kong-listed banking behemoth with $3 trillion in assets, is among the handful of truly global lenders. But its future as an international firm -- a lynchpin of decades of trade between East and West -- is increasingly dictated by politics, not the laws of free-market economics.
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