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Daily Dispatches
Yellen sees no inflation problem after rate hike comments roil Wall Street
Submitted by admin on Wed, 2021-05-05 00:06 Section: Daily DispatchesBy David Lawder and Ann Saphir
Reuters
Tuesday, May 4, 2021
U.S. Treasury Secretary Janet Yellen said on Tuesday she sees no inflation problem brewing, downplaying earlier comments that rate hikes may be needed to stop the economy overheating as President Joe Biden’s spending plans boost growth.
The initial comments made by Yellen, a former Federal Reserve chair, deepened a sell-off in tech stocks and pushed longer-dated Treasury yields higher.
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Robert Frommer: FBI can't seize safe-deposit boxes first and ask questions later
Submitted by admin on Tue, 2021-05-04 13:42 Section: Daily DispatchesBut it did.
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By Robert Frommer
Orange County Register, Anaheim, California
Thursday, April 22, 2021
https://www.ocregister.com/2021/04/22/the-fbi-cant-seize-first-and-ask-q...
Arkansas ends sales taxes on gold and silver; more states may follow
Submitted by admin on Mon, 2021-05-03 18:09 Section: Daily DispatchesBy JP Cortez
Money Metals News Service
Money Metals Exchange, Eagle, Idado
Monday, May 3, 2021
By signing sound money legislation today, Arkansas Gov. Asa Hutchinson has officially ended sales taxation on gold, silver, platinum, and palladium bullion and coins, thereby setting an example for legislators in New Jersey, Maine, Ohio, and Tennessee, who are considering similar measures in their own states.
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Venezuela nearly triples its minimum wage as hyperinflation enforces poverty
Submitted by admin on Mon, 2021-05-03 12:06 Section: Daily DispatchesBut though we had plenty of money, there was nothing our money could buy. ...
-- http://www.kiplingsociety.co.uk/poems_copybook.htm
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Venezuela Raises Minimum Wage in Fourth Year of Hyperinflation
From Reuters
Monday, May 3, 2021
The Venezuelan government increased the monthly minimum wage by 289%, an official said on Saturday, moving from the equivalent of 64 U.S. cents to about $2.40 at the exchange rate estimated by the country's central bank.
Israeli investors can now trade on Dubai Gold & Commodities Exchange
Submitted by admin on Mon, 2021-05-03 11:52 Section: Daily DispatchesBy Shoshanna Solomon
The Times of Israel, Jerusalem
Sunday, May 2, 2021
The Dubai Gold & Commodities Exchange said Sunday it has received a permit from the Israel Securities Authority that will allow qualified Israeli stock market traders and investors to become members of the exchange and to use its trading services and platforms.
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Chris Marcus: Why did CFTC help suppress silver futures prices?
Submitted by admin on Sun, 2021-05-02 20:23 Section: Daily Dispatches8:21p ET Sunday, May 2, 2021
Dear Friend of GATA and Gold (and Silver):
In an open letter to the acting chairman of the U.S. Commodity Futures Trading Commission, Rostin Behnam, published tonight, Chris Marcus of Arcadia Economics asks for an explanation of a comment Behnam made on March 18 that seemed to applaud and implicate the commission in the suppression of silver futures prices.
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Deepest backwardation since 2007 shows world is short of commodities
Submitted by admin on Fri, 2021-04-30 21:14 Section: Daily DispatchesFortunately there's still plenty of gold and silver -- as long as no one takes delivery
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By Gerson Freitas Jr. and Michael Roschnotti
Bloomberg News
Friday, April 30, 2021
For an idea of exactly how strong the fundamentals are for commodities such as metals, agriculture, and oil today, consider this: These markets are now showing the steepest backwardation in more than 14 years.
China's Q1 gold consumption jumped 93.9% over last year, trade association says
Submitted by admin on Fri, 2021-04-30 11:23 Section: Daily DispatchesBy Min Zhang and Shivani Singh
Reuters
via Nasdaq.com, New York
Friday, April 30, 2021
BEIJING -- China's gold consumption soared 93.9% in the first three months from the same quarter a year earlier, recovering to pre-pandemic levels fuelled by strong demand for gold jewelleries and rising investment, the China Gold Association said today.
Consumption in China in the first quarter stood at 288.2 tonnes, compared with 148.63 tonnes a year ago, the association said in a statement on its website.
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Pam and Russ Martens: Equity derivative contracts held by federally-insured banks have exploded
Submitted by admin on Fri, 2021-04-30 11:13 Section: Daily DispatchesBy Pam and Russ Martens
Wall Street on Parade
Friday, April 30, 2021
Brien Lundin: The New Orleans Investment Conference is returning -- in person
Submitted by admin on Thu, 2021-04-29 20:14 Section: Daily DispatchesBy Brien Lundin
Gold Newsletter, Metairie, Louisiana
Thursday, April 29, 2021
It's been an open secret in the industry, but we're hard at work planning to host this year's New Orleans Investment Conference in person.
https://neworleansconference.com/
Enough of this pandemic craziness -- we can't wait to meet you face-to-face, shake hands, have a few hugs, and catch up like we just can't do in a virtual setting.
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