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Daily Dispatches
Danielle DiMartino Booth: The Fed can't let bond yields fall to zero
Submitted by cpowell on Wed, 2020-03-11 23:50 Section: Daily DispatchesBy Danielle DiMartino Booth
Bloomberg News
Tuesday, March 10, 2020
https://www.bloomberg.com/opinion/articles/2020-03-10/federal-reserve-ca...
The Aden Forecast: Gold manipulation is real
Submitted by cpowell on Wed, 2020-03-11 15:11 Section: Daily DispatchesFrom The Aden Forecast for March 2020
By Mary Anne and Pamela Aden
Many of you have asked about gold and silver manipulation. This has always been a theory, and since a rising gold price reflects essentially bad news, it has become a report card for central banks, banks, and governments, and indeed it is a fact.
Treasury secretary says coronavirus creates no need for market intervention
Submitted by cpowell on Wed, 2020-03-11 13:35 Section: Daily DispatchesForget the virus. Do the creation and distribution of infinite money create a need for intervention in the gold market?
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By David Lawder, Lindsay Dunsmuir, and Andrea Shalal
Reuters
Wednesday, March 11, 2020
https://www.reuters.com/article/us-health-coronavirus-usa-mnuchin/mnuchi...
Brien Lundin: Only market manipulation by government explains gold's fall Tuesday
Submitted by cpowell on Wed, 2020-03-11 10:20 Section: Daily DispatchesBy Brien Lundin
Gold Newsletter, Metarie, Louisiana
Tuesday, March 10, 2020
... Gold's decline today doesn't seem to fit any reasonable interpretation.
Perth Mint's holdings for investors reach record A$5 billion
Submitted by cpowell on Tue, 2020-03-10 20:36 Section: Daily DispatchesInvestors Take A$5 billion Shine to Solid Gold Bars
By Brad Thompson
Australian Financial Review, Sydney
Tuesday, March 10, 2020
https://www.afr.com/wealth/investing/investors-take-5-billion-shine-to-s...
The Perth Mint is holding a record A$5 billion in precious metals for investors from around the world looking for a safe haven amid sharemarket turmoil.
Craig Hemke at Sprott Money: Comex use of EFPs surges, and it's a scam
Submitted by cpowell on Tue, 2020-03-10 20:26 Section: Daily Dispatches8:28p ET Tuesday, March 10, 2020
Dear Friend of GATA and Gold:
In his analysis at Sprott Money tonight, the TF Metals Report's Craig Hemke elaborates on the "exchange for physicals" fraud that figured in the evasive letter from the chairman of the U.S. Commodity Futures Trading Commission to U.S. Rep. Alex Mooney that GATA brought to your attention today:
Pam and Russ Martens: There was a bloodbath in Wall Street banks and insurers yesterday
Submitted by cpowell on Tue, 2020-03-10 14:53 Section: Daily DispatchesBy Pam and Russ Martens
Wall Street on Parade
Tuesday, March 10, 2020
President Donald Trump is bringing a pea-shooter to a gunfight. If you look carefully at the charts from yesterday's trading bloodbath, it's clear that there is a deep financial crisis playing out.
The idea that this can be remedied with a payroll tax cut is the stuff of tooth fairies.
Fed rates at 0% expected within months amid global bond frenzy
Submitted by cpowell on Mon, 2020-03-09 16:16 Section: Daily DispatchesBy Stephen Spratt, Ruth Carson, and Dana El Baltaji
Bloomberg News
Sunday, March 8, 2020
The entire U.S. yield curve fell below 1% for the first time in history as rising expectations that the Federal Reserve will cut policy rates to zero in the coming months drove investors to reach for longer-dated securities.
Steer's Gold and Silver Digest letter for Saturday posted at GoldSeek
Submitted by cpowell on Mon, 2020-03-09 10:23 Section: Daily Dispatches10:25a ET Monday, March 9, 2020
Dear Friend of GATA and Gold:
Saturday's edition of GATA board member Ed Steer's Gold and Silver Digest letter, headlined "21 Tonnes of Gold Deposited Into GLD on Friday," is posted in the clear at GoldSeek here:
http://news.goldseek.com/GoldSeek/1583770271.php
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org
New York Fed increases repo lending by 50%
Submitted by cpowell on Mon, 2020-03-09 08:42 Section: Daily DispatchesFed Increases Short-Term Funding to Keep Lending Markets Stable
By Nick Timiraos
The Wall Street Journal
Monday, March 9, 2020
The Federal Reserve Bank of New York said today it will increase the amount of very short-term loans it has been offering to money markets amid a widening market rout.
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