You are here

Daily Dispatches

Pam and Russ Martens: Major financial news organizations suppress news critical of Fed, banks

Section: Daily Dispatches

11:28a CT Tuesday, October 19, 2021

Dear Friend of GATA and Gold:

Pam and Russ Martens of Wall Street on Parade today detail how major financial news organizations, including The New York Times and Wall Street Journal, suppress major news impugning the Federal Reserve and the big banks the Fed purportedly supervises. Of course as GATA has long complained, the major financial news organizations similarly suppress what should be news about intervention against gold by central banks and the commercial banks they use as brokers.  

Fed chairman sold more than a million dollars in stocks as market tanked

Section: Daily Dispatches

By Robert Kuttner
The American Prospect, Washington
Monday, October 18, 2021

Federal Reserve Chairman Jerome Powell sold between $1 million and $5 million worth of stock from his personal account on October 1, 2020, according to disclosure forms reviewed by the Prospect. Powell's sale of shares from a Vanguard Total Stock Market Index Fund has not been previously reported. This sale occurred right before the Dow Jones Industrial Average suffered a significant drop.

With metals recovering, Calandra Report has a special discount offer for friends of GATA

Section: Daily Dispatches

4:16p CT Monday, October 18, 2021

Dear Friend of GATA and Gold:

Thom Calandra and his market letter, The Calandra Report, have been supporting GATA almost from our start 22 years ago. He is a writer and believer and investor in the monetary metalss

This week, with metals prices showing signs of recovery amid the storm of inflation, Thom is reviviong his special offer to GATA supporters -- a discount on a year's subscription with half the $169 payment being donated to GATA, no strings attached.

Here is the PayPal code for the special subscription offer: 

Alasdair Macleod: The stagflation myth

Section: Daily Dispatches

By Alasdair Macleod
GoldMoney, Toronto
Thursday, October 14, 2021

Describing evolving inflationary conditions as stagflation misses the point about today's inflationary conditions. Stagflation was originally used only in the context of excessive wage increases not matched by improved trading prospects. Just in that narrow sense, today we are experiencing stagflation.

Banks prepare to scrap LME gold and silver contracts, sources tell Reuters

Section: Daily Dispatches

By Peter Hobson and Pratima Desai
Wednesday, October 13, 2021

LONDON -- A group of banks that partnered with the London Metal Exchange (LME) to launch gold and silver futures in 2017 is preparing to abandon the project after hoped-for volumes did not materialise, three sources with direct knowledge of the matter said.

Such a move would end an attempt by the LME, which dominates industrial metals trading, to capture part of London's bullion market, which is the world's largest with gold worth some $17 trillion changing hands last year.

Pam and Russ Martens: Quietly, the Fed identifies the banks that got billions in emergency loans in 2019

Section: Daily Dispatches

By Pam and Russ Martens
Wall Street on Parade
Wednesday, Ocotber 13, 2021

The Federal Reserve Bank of New York has quietly posted the names of the banks that grabbed billions of dollars under the Fed's emergency repo loan operations that commenced on September 17, 2019 -- months before there was a COVID-19 crisis anywhere in the world.

Craig Hemke at Sprott Money: Comex gold ignores real yields

Section: Daily Dispatches

By Craig Hemke
Sprott Money, Toronto
Tuesday, October 12, 2021

Inflation-adjusted interest rates remain sharply negative, yet the COMEX gold price remains down on the year. On a historical basis, this is a very odd divergence, and it sets up an interesting trade as we move toward 2022.

Much has been made of the current drop in inflation-adjusted or "real" interest rates. And what are real interest rates? The rate of return a bondholder sees once inflation and loss of purchasing power is taken into account. ...

... For the remainder of the analysis:

Pam and Russ Martens: The Dallas Fed board is now complicit in the Robert Kaplan saga

Section: Daily Dispatches

By Pam and Russ Martens
Wall Street on Parade
Tuesday, October 12, 2021

Last Wednesday the editorial board of the Financial Times of London penned an editorial under a headline that read: "The Fed's Trading Scandal Undermines Public Trust." The editorial noted that the president of the Dallas Fed, Robert Kaplan, "held stakes over $1 million each in 27 investments, and moved in and out of S&P 500 futures. The precise dates of his transactions are unknown as his form declaring financial interests merely gives 'multiple' as the timeframe."

The world's greatest investment event is coming to you

Section: Daily Dispatches

By Brien Lundin
Editor, Gold Newsleter
CEO, New Orleans Investment Conference
Monday, October 11, 2021

Dear Fellow Investor:

I'm writing you today for two very important reasons.

The first is a warning.

I've spent 36 years in this business, watching the markets on a daily basis, consulting with some of the world's most insightful analysts and witnessing some of the most tumultuous markets in history.

And I don't know that I've ever seen a setup as worrisome as what lies directly ahead.

Ronan Manly: Poland's central bank plans to accelerate accumulation of gold

Section: Daily Dispatches

By Ronan Manly
Bullion Star, Singapore
Friday, October 8, 2021

Poland's central bank, the National Bank of Poland (NBP), which stunned gold markets back in 2019 when it purchased 100 tonnes of gold bars in London and then promptly flew the gold back to Warsaw, has just confirmed that it now plans to buy another 100 tonnes of gold during 2022.