You are here
Daily Dispatches
Mexican Senate hastily approves new mining rules
Submitted by admin on Sun, 2023-04-30 22:19 Section: Daily DispatchesBy Raul Cortes
Reuters
Saturday, April 29, 2023
MEXICO CITY -- The Mexican Senate today approved in an express session a package of laws including two constitutional reforms and a new mining law rebuked by the mining chamber and Canada.
Representatives of the president's Morena party and its allies, nearly unanimously and with little debate, approved the laws in a fast-tracked process without opposition legislators present. Legislators convened outside the chamber's usual voting location after the opposition occupied the chamber to try to prevent the session.
Ronan Manly: Sound money legislation rapidly gains traction in many U.S. states
Submitted by admin on Sun, 2023-04-30 21:59 Section: Daily DispatchesBy Ronan Manly
Bullion Star, Singapore
Sunday, April 30, 2023
As the U.S. federal government and Federal Reserve head ever more into the abyss of destroying the value of the U.S. dollar, continually breaching debt ceilings, creating asset bubbles, and intervening in and manipulating financial markets, there is an accelerating counterforce emerging in the U.S. that is the antithesis of this madness.
... Dispatch continues below ...
... ADVERTISEMENT ...
JPMorgan, PNC bidding for First Republic as part of FDIC takeover
Submitted by admin on Sat, 2023-04-29 03:52 Section: Daily DispatchesBy Andrew Ackerman, David Benoit, and Rachel Louise Ensign
The Wall Street Journal
Friday, April 28, 2023
Big banks including JPMorgan Chase & Co. and PNC Financial Services Group are vying to buy First Republic Bank in a deal that would follow a government seizure of the troubled lender, according to people familiar with the matter.
A seizure and sale of First Republic by the Federal Deposit Insurance Corp. could come as soon as this weekend, the people said.
... Dispatch continues below ...
Eric Sprott details his investment outlook in interview with Craig Hemke
Submitted by admin on Fri, 2023-04-28 03:46 Section: Daily Dispatches2:45p ICT Friday, April 28, 2023
Dear Friend of GATA and Gold (and Silver):
Craig Hemke's monthly wrapup on the monetary metals markets for Sprott Money is an interview with mining entrepreneur Eric Sprott, who says he is investing on the assumption of an economic recession, stock market decline, continued crisis in banking worsened by the collapse of commercial real estate, and strength in the monetary metals.
Silver has been manipulated so long, Sprott says, that one day it could explode seemingly out of the blue.
Ted Butler: The SEC and Black Rock blink on SLV
Submitted by admin on Fri, 2023-04-28 03:14 Section: Daily DispatchesBy Ted Butler
SilverSeek.com
Thursday, April 27, 2023
Argentina to settle Chinese imports in yuan as China marches into South America to dethrone dollar
Submitted by admin on Fri, 2023-04-28 02:28 Section: Daily DispatchesBy Kandy Wong
South China Morning Post, Hong Kong
Thursday, April 27, 2023
China's push for greater use of its currency in bilateral trade settlements has made further inroads in South America, with Argentina set to follow Brazil and start to pay for Chinese imports in yuan rather than U.S. dollars.
Economy Minister Sergio Massa confirmed on Wednesday that Argentina, following a meeting with Chinese ambassador Zou Xiaoli and companies from various sectors, had "activated the swap with China."
... Dispatch continues below ...
Pam and Russ Martens: Banks that 'rescued' First Republic may have sought to rescue themselves
Submitted by admin on Fri, 2023-04-28 01:15 Section: Daily DispatchesBy Pam and Russ Martens
Wall Street on Parade
Thursday, April 27, 2023
Ever since 11 banks on March 16 donned the garb of heroic firefighters, rushing to extinguish an inferno at a competitor bank before it spread further, we have been asking ourselves: Why just this group of 11 banks?
Alasdair Macleod: The consequences of statist intervention
Submitted by admin on Fri, 2023-04-28 01:07 Section: Daily DispatchesBy Alasdair Macleod
GoldMoney, Toronto
Thursday, April 27, 2023
This article looks at our current economic condition from the viewpoint of classical economics. It is now 87 years since classical economics were dismissed by John Maynard Keynes in his "General Theory of Employment, Interest, and Money."
Craig Hemke's options price balancing successfully predicts Comex gold price
Submitted by admin on Thu, 2023-04-27 05:45 Section: Daily Dispatches4:43p ICT Thursday, April 27, 2023
Dear Friend of GATA and Gold:
Comex gold futures options levels seem to have predicted the closing price of the June Comex gold contract just as the TF Metals Report's Craig Hemke said it would, "near or just below $1,990," more evidence of market manipulation by the bullion banks that buy and sell the options.
... Dispatch continues below ...
... ADVERTISEMENT ...
Buy, Sell, or Store Precious Metals with Money Metals Exchange
Sharp selloff in First Republic shares causes alarm in Washington
Submitted by admin on Wed, 2023-04-26 04:14 Section: Daily DispatchesBy James Fontanella-Khan, Colby Smith, Stephen Gandel, and Brooke Masters
Financial Times, London
Wednesday, April 26, 2023
Shares of First Republic continued to plunge on Tuesday as regulators in Washington and financiers on Wall Street scrambled to come up with a plan to stabilise the ailing bank.
The California-based lender’s stock price, which is down by more than 93 per cent this year, fell by a further 49.4 per cent, a day after it revealed its customers had withdrawn $100 billion of deposits during last month's turmoil.
Pages
