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Daily Dispatches
Daniel Amerman: Fed is monetizing 90% of U.S. deficit to keep interest rates from rising and crashing markets
Submitted by cpowell on Sun, 2019-12-15 11:51 Section: Daily Dispatches11:50a ET Sunday,December 15, 2019
Dear Friend of GATA and Gold:
Financial analyst Daniel Amerman calculates this week that in the last three months the Federal Reserve has been monetizing 90 percent of the U.S. government's exploding budget deficit in the hope of preventing interest rates from rising and thereby crashing the stock, bond, and housing markets.
Salvation Army has no trouble understanding gold as money
Submitted by cpowell on Sat, 2019-12-14 14:23 Section: Daily DispatchesThree Krugerrands, 1899 Gold Piece Among Special Coins Put in Salvation Army Kettles This Year
By Matt Trotter
Public Radio Tulsa
Tulsa, Oklahoma
Saturday, December 14, 2019
It's a holiday tradition in Tulsa.
Special coins from anonymous donors have been found in Salvation Army red kettles, including three South African krugerrands and an 1899 U.S. gold piece.
U.S. isn't weaponizing dollar, treasury secretary claims, but adds that sanctions are alternative to war
Submitted by cpowell on Sat, 2019-12-14 14:09 Section: Daily DispatchesBut by definition sanctions weaponize the dollar, so what's the difference here?
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By Natasha Tarak
CNBC, New York
Saturday, December 14, 2019
U.S. Treasury Secretary Steven Mnuchin on Saturday rejected the suggestion that the Trump administration is weaponizing the dollar through its trade-restricting policies with other countries.
Dollar has been strong but 8 major currencies have been stronger this year
Submitted by cpowell on Sat, 2019-12-14 12:29 Section: Daily DispatchesBy Ben Winck
Business Insider, New York
Saturday, December 14, 2019
President Trump railed against the U.S. dollar's relative strength through much of 2019, but eight major currencies are on track to outperform the dollar this year.
Cases of fine American wine await three GATA supporters -- maybe you?
Submitted by cpowell on Fri, 2019-12-13 21:16 Section: Daily DispatchesBut you must reply by December 31.
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9:16p ET Friday, December 13, 2019
Dear Friend of GATA and Gold:
Can the chance of winning a great prize induce you to support a great cause?
Two thoughtful friends of GATA -- one a leading bullion U.S. dealer, the other a well-regarded U.S. winery -- have joined forces to bring our supporters a juicy year-end offer:
Ronan Manly: Quantum leap for banks as ABN Amro questions gold price discovery
Submitted by cpowell on Fri, 2019-12-13 20:39 Section: Daily Dispatches8:40p ET Friday, December 13, 2019
Dear Friend of GATA and Gold:
Bullion Star market analyst Ronan Manly today calls attention to a research paper by an analyst for the Dutch bank ABN Amro that acknowledges that there are two gold markets, the physical market and the paper market, the latter run by speculators who move the price around without regard to physical demand.
Boris Johnson heads for crushing UK election victory
Submitted by cpowell on Thu, 2019-12-12 23:57 Section: Daily DispatchesThe nations not so blest as thee
Must in their turns to tyrants fall,
While thou shalt flourish great and free,
The dread and envy of them all.
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By George Parker
Financial Times, London
Friday, December 13, 2019
Ted Butler: The missing motive
Submitted by cpowell on Thu, 2019-12-12 23:27 Section: Daily Dispatches11:25p ET Thursday, December 12, 2019
Dear Friend of GATA and Gold:
Physical market for metals will overcome derivatives, GATA chairman tells SBTV
Submitted by cpowell on Thu, 2019-12-12 22:25 Section: Daily Dispatches10:26p ET Thursday, December 12, 2019
Dear Friend of GATA and Gold:
Interviewed by Patrick Vierra of Silver Bullion TV, GATA Chairman Bill Murphy says physical demand for the monetary metals is getting closer to overwhelming the derivatives market that has been suppressing metals prices. The interview is 34 minutes long and can be viewed at YouTube here:
Gold smuggling on the rise as high prices boost appeal in India
Submitted by cpowell on Thu, 2019-12-12 21:51 Section: Daily DispatchesBy Swansy Alonso
Bloomberg News
via Yahoo News
Thursday, December 12, 2019
Surging gold prices in India are keeping customs officials on their toes.
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