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Daily Dispatches

Bets increase on a steepening bond market curve amid tariff turmoil

Section: Daily Dispatches

Bond Market's Steepener Bet Gets Turbocharged Amid Tariff Mayhem

By Michael Mackenzie
Bloomberg News
Sunday, April 13, 2025

A go-to wager in the Treasury market is seeing one of its best runs ever as investors flee long-term U.S bonds amid President Donald Trump's escalating trade war.

In a sign of how Treasuries' status as a global haven during times of turmoil may be fading, rates on longer-term debt soared last week as equities convulsed, turbocharging bets on a steeper yield curve.

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U.S. dollar's haven status under threat, fund managers warn

Section: Daily Dispatches

By Olaf Storbeck, Kate Duguid, and Sam Fleming
Financial Times, London
Saturday, April 12, 2025

The U.S. dollar's status as a haven for global capital is under threat from erratic policymaking and rising trade barriers, fund managers have warned.

On Friday the currency fell to a three-year low against the euro, extending a slide that started last week after President Donald Trump announced steep "reciprocal" tariffs on U.S. trading partners.

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Fed official says central bank is ready to intervene to stabilize -- that is, defeat -- markets

Section: Daily Dispatches

Hardly a surprise, since the Fed long has been intervening surreptitiously to defeat the gold market. 

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Federal Reserve 'Absolutely' Ready to Help Stabilize Market if Needed, Top Official Says

By Claire Jones and Kate Duguid
Financial Times, London
Friday, April 11, 2025

The Federal Reserve "would absolutely be prepared" to deploy its firepower to stabilize financial markets should conditions become disorderly, according to one of the central bank’s top officials.

Jesse Colombo: The Chinese gold mania is here

Section: Daily Dispatches

By Jesse Colombo
The Bubble Bubble Report, Substack
Saturday, April 12, 2025

For several months I have been theorizing and writing about the compelling idea that another major gold surge would be driven by Chinese futures traders coming out of dormancy to propel gold to $3,000 an ounce and beyond. 

Remarkably, it now appears that this is exactly what's unfolding. 

In this piece, I'll walk you through the background of this fascinating and unfolding theory -- along with the evidence that it's playing out in real time.

On LFTV, Alasdair Macleod explains why China may be behind silver price suppression

Section: Daily Dispatches

10:43p ET Saturday, August 31, 2024

Dear Friend of GATA and Gold (and Silver):

Market analyst and economist Alasdair Macleod, this week's guest with London metals trader Andrew Maguire on Kinesis Money's "Live from the Vault" program, explains why he believes that China has been the instigator of silver price suppression and will terminate the scheme soon.

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Apple, Nvidia score reprieve with exemptions from Trump tariffs on goods from China

Section: Daily Dispatches

By Debby Wu, Josh Wingrove, and Shawn Donnan
Bloomberg News
Saturday, April 12, 2025

President Donald Trump's administration exempted smartphones, computers, and other electronics from its so-called reciprocal tariffs, representing a major reprieve for global technology manufacturers including Apple Inc. and Nvidia Corp., even if it proves a temporary one.

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Adam Sharp: Bonds break and bullion breaks out

Section: Daily Dispatches

By Adam Sharp
Daily Reckoning, Baltimore
Friday, April 11, 2025

Global markets have reached a day of reckoning. This has been decades in the making. Now massive changes are sweeping the world.

No, what we're seeing in the markets is not "normal."

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Guanajuato Silver Is Reactivating Silver and Gold Mines in Mexico

Alabama reaffirms gold and silver as legal tender

Section: Daily Dispatches

From the Sound Money Defense League, Eagle, Idaho
Friday, April 11, 2025

Alabama Gov. Kay Ivey has signed Senate Bill 130 into law, reaffirming gold and silver as legal tender. This symbolic victory marks Alabama's latest step toward promoting constitutional sound money in the state.

Sponsored by Sen. Tim Melson and Rep. Jamie Kiel, the Alabama Legal Tender Act recognizes "any refined gold or silver bullion, specie, or coin that has been stamped, marked, or imprinted with its weight and purity" as legal tender in the Yellowhammer State.

Bond analysts debate if China had role in Treasuries yield swings

Section: Daily Dispatches

By Ruth Carson and Masaki Kondo
Bloomberg News
via the Times of India, Mumbai
Friday, April 11, 2025

After a week of wild swings in the U.S. bond market, China's holdings of Treasuries are increasingly under scrutiny from analysts around the world.

GoldCore's Jan Skoyles: 'This isn't just a rally. This is a rupture'

Section: Daily Dispatches

10:11p ET Thursday, April 10, 2025

Dear Friend of GATA and Gold:

GoldCore's Jan Skoyles tonight makes as good a case for protecting yourself with gold as you're likely to see this month, remarking about gold's sharp rise in recent months: "This isn't just a rally. This is a rupture." 

Gold isn't so much going up, Skoyles says, as currencies are going down from excessive borrowing and printing and a change in that trend isn't likely.

Skoyles' commentary is 11 minutes long and can be viewed at YouTube here:

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