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Daily Dispatches

Pam and Russ Martens: The Dallas Fed board is now complicit in the Robert Kaplan saga

Section: Daily Dispatches

By Pam and Russ Martens
Wall Street on Parade
Tuesday, October 12, 2021

Last Wednesday the editorial board of the Financial Times of London penned an editorial under a headline that read: "The Fed's Trading Scandal Undermines Public Trust." The editorial noted that the president of the Dallas Fed, Robert Kaplan, "held stakes over $1 million each in 27 investments, and moved in and out of S&P 500 futures. The precise dates of his transactions are unknown as his form declaring financial interests merely gives 'multiple' as the timeframe."

The world's greatest investment event is coming to you

Section: Daily Dispatches

By Brien Lundin
Editor, Gold Newsleter
CEO, New Orleans Investment Conference
Monday, October 11, 2021

Dear Fellow Investor:

I'm writing you today for two very important reasons.

The first is a warning.

I've spent 36 years in this business, watching the markets on a daily basis, consulting with some of the world's most insightful analysts and witnessing some of the most tumultuous markets in history.

And I don't know that I've ever seen a setup as worrisome as what lies directly ahead.

Ronan Manly: Poland's central bank plans to accelerate accumulation of gold

Section: Daily Dispatches

By Ronan Manly
Bullion Star, Singapore
Friday, October 8, 2021

Poland's central bank, the National Bank of Poland (NBP), which stunned gold markets back in 2019 when it purchased 100 tonnes of gold bars in London and then promptly flew the gold back to Warsaw, has just confirmed that it now plans to buy another 100 tonnes of gold during 2022.

Wall Street Silver interviews GATA's Steer on monetary metals price suppression

Section: Daily Dispatches

11:27a ET Saturday, October 9, 2021

Dear Friend of GATA and Gold:

GATA board member Ed Steer, editor of Ed Steer's Gold and Silver Digest,  interviewed this week by Ivan Bayoukhi and Jim Lewis of Wall Street Silver, noted the glaring dichotomy between commodity prices generally, which are soaring, and the prices of gold and silver, which have been falling. Despite the continued suppression of monetary metals prices, Steer thinks governments and central banks are trying to unwind it.

Lost in the 'Twilight Zone,' Peter Schiff can't understand why gold doesn't keep up with inflation

Section: Daily Dispatches

12:21p ET Friday, October 8, 2021

Dear Friend of GATA and Gold:

Market analyst, fund manager, and gold advocate Peter Schiff can't figure out why the price of gold isn't soaring along with inflation. His comments came yesterday in his podcast, which is headlined "This Is a Real Twilight Zone" and can be found at the Schiff Gold internet site here:

Alasdair Macleod: The government funding challenges ahead

Section: Daily Dispatches

By Alasdair Macleod
GoldMoney, Toronto
Thursday, October 7, 2021

This article looks at the Federal Reserve’s funding challenges in the new fiscal year for the United States government, which commenced on 1 October.

There are three categories of buyers for U.S. federal debt: the financial and non-financial private sector, foreigners, and the Fed. The banks in the financial sector have limited capacity to expand bank credit, and U.S. consumers are being encouraged to spend, not save. 

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Jan Nieuwenhuijs: The mechanics of the global gold market

Section: Daily Dispatches

1:47p ET Thursday, October 7, 2021

Dear Friend of GATA and Gold:

After taking a break for a few months, The Gold Observer's Jan Nieuwenhuijs is back with an excellent primer on the structure of the gold market, to which we can only add that this structure allows central banks and bullion banks to sell and lease to the unsuspecting world a lot more gold than there turns out to be.

Nieuwenhuijs' report is headlined "The Mechanics of the Global Gold Market" and it's posted at The Gold Observer here:

Join GATA as the great New Orleans Investment Conference returns Oct. 19

Section: Daily Dispatches

By Brien Lundin
Editor, Gold Newsletter
CEO, the New Orleans Investment Conference
Thursday, October 7, 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.

Craig Hemke at Sprott Money: Ahead of the BLSBS

Section: Daily Dispatches

4:30p ET Tuesday, October 5, 2021

Dear Friend of GATA and Gold:

Craig Hemke of the TF Metals Report, writing today at Sprott Money, muses about what the U.S. Bureau of Labor Statistics will contrive Friday in its new jobs report and whether the report will cause the Federal Reserve to start reducing its bond purchases.

In any case, Hemke adds, the prices of gold and silver have a long way to recover before generating any investor enthusiasm for the prospects of the monetary metals.

India's gold imports surge as prices correct ahead of festivals

Section: Daily Dispatches

By Rajendra Jadhav
Monday, October 4, 2021

MUMBAI -- India's gold imports in September soared 658% from last year's lower base as a correction in local prices to the lowest level in nearly six months prompted jewellers to step up purchases for the upcoming festive season, a government source said.

Higher imports by the world's second-biggest bullion consumer could support benchmark gold prices, which have fallen nearly 15% from an all-time high of $2,072 in August 2020.

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