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Daily Dispatches
Another U.S. inflation gauge is heading even higher this week
Submitted by admin on Sun, 2022-02-20 11:54 Section: Daily DispatchesBy Vince Golle
Bloomberg News
Sunday, February 20, 2022
Federal Reserve Chair Jerome Powell and his colleagues in the coming week can expect to see their key inflation metric accelerate to a fresh four-decade high last seen when Paul Volcker led the U.S. central bank.
The personal consumption expenditures price index, which the Fed uses for its inflation target, probably jumped 6% in January from a year earlier, according to the median of a Bloomberg survey of economists. The core measure, which excludes food and fuel, is forecast to climb 5.2%.
As even the FT salutes gold, you may want The Calandra Report
Submitted by admin on Sat, 2022-02-19 10:23 Section: Daily DispatchesSubscribe at a discount and you'll help GATA.
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10:27a ET Saturday, February 19, 2022
Dear Friend of GATA and Gold:
Gold and silver mining shares have risen 7% this month --
https://finance.yahoo.com/quote/%5EXAU?p=%5EXAU
and even the Financial Times, the apologist of the financial establishment, acknowledges that gold lately has shown strength and now is outperforming stocks and bonds generally:
Solving the last mystery of the wreck of the 'Ship of Gold,' the SS Central America
Submitted by admin on Sat, 2022-02-19 10:06 Section: Daily DispatchesFrom Numismatic Guaranty Co.
via Coin Week, Ormond Beach, Florida
Tuesday, February 15, 2022
On September 3, 1857, SS Central America began a voyage from Panama to New York City carrying very important cargo: thousands of freshly minted gold coins from California, desperately needed by New York banks that were facing an economic crisis.
Six days later, the ship found itself in the grips of a Category 2 hurricane off the coast of the Carolinas.
Gold outperforms stocks and bonds as traders seek haven assets
Submitted by admin on Sat, 2022-02-19 09:22 Section: Daily DispatchesBy Neil Hume
Financial Times, London
Saturday, February 18, 2022
https://www.ft.com/content/615e858d-ce1a-4402-b7f0-4a59f8b3ddb1
Gold has made a positive start to the year, outperforming bonds and equities as skittish investors scour the market for safe places to park cash.
The metal, used by investors as a store of value in times of stress, has climbed more than 5% this month and broken above $1,900 a troy ounce on Friday before easing back to $1,888.
A great week for mining shares and The Calandra Report
Submitted by admin on Thu, 2022-02-17 16:12 Section: Daily DispatchesYou could help make it a great one for GATA too.
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4:13p ET Thursday, February 17, 2022
Dear Friend of GATA and Gold:
Gold and silver mining shares have risen more than 10% in the last five days --
Alasdair Macleod: Central banks are now insolvent
Submitted by admin on Thu, 2022-02-17 15:55 Section: Daily DispatchesBy Alasdair Macleod
GoldMoney, Toronto
Thursday, February 17, 2022
Behind the battle to convince everyone that price inflation is not a lasting problem is the necessity to keep interest rates and bond yields suppressed. In the past, the interest rate cycle was entirely due to the expansion and contraction of commercial bank credit. But that was before central banks built up bond portfolios through quantitative easing.
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If you invest in miners, subscribe to The Calandra Report and support GATA
Submitted by admin on Wed, 2022-02-16 20:38 Section: Daily Dispatches8:38p ET Wednesday, February 16, 2022
Dear Friend of GATA and Gold:
If you think the monetary metals are breaking out at last -- and they have been holding up well despite the prattling about the Federal Reserve's plans to raise interest rates -- and if you are inclined to invest in gold and silver mining companies, please consider subscribing to The Calandra Report via the special discount offer that was renewed this week by newsletter writer and longtime GATA supporter Thom Calandra.
Craig Hemke at Sprott Money: 'Trade at settlement' rigging mechanism is at work in silver futures market
Submitted by admin on Tue, 2022-02-15 22:49 Section: Daily Dispatches10:42p ET Tuesday, February 15, 2022
Dear Friend of GATA and Gold:
The TF Metals Report's Craig Hemke, writing at Sprott Money, reports tonight that the "trade at settlement" mechanism, seemingly used recently to knock the gold futures price down, is starting to be used in the silver futures market.
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Kinesis Money Launches the Referrer's Yield
Investing in miners is better with The Calandra Report, and subscribing helps GATA
Submitted by admin on Tue, 2022-02-15 12:26 Section: Daily Dispatches12:26p ET Tuesday, February 15, 2022
Dear Friend of GATA and Gold:
If (maybe a big if) the monetary metals are breaking out at last -- and today gold is holding $1,850 and silver $23 despite the constant prattling about the Federal Reserve's plans to raise interest rates -- please consider subscribing to The Calandra Report via the special discount offer that was renewed yesterday by newsletter writer and longtime GATA supporter Thom Calandra.
Jan Nieuwenhuijs: German central bank doesn't rule out gold revaluation
Submitted by admin on Tue, 2022-02-15 11:59 Section: Daily Dispatches1:48p ET Tuesday, February 15, 2022
Dear Friend of GATA and Gold:
The Gold Observer's Jan Nieuwenhuijs today examines the possibility that central banks may revalue gold upward to help devalue their debt, an issue covered at length in 2021 by the U.S. economists Paul Brodsky and Lee Quaintance --
https://www.gata.org/node/11373
-- and in 2006 by the Scottish economist Peter Millar:
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