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Daily Dispatches
Pam and Russ Martens: Fed Chair Jerome Powell twice broke his board's own trading rules
Submitted by admin on Thu, 2022-02-10 21:30 Section: Daily DispatchesBy Pam and Russ Martens
Wall Street on Parade
Thursday, February 10, 2022
An anonymous activist group called Occupy the Fed reported in a Substack article on Sunday that Fed Chair Jerome Powell traded on the final day of a Federal Open Market Committee meeting on April 29, 2015, when he was a member of the Federal Reserve's Board of Governors, and on the final day of an FOMC meeting on December 11, 2019, when he was chairman of the Fed.
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Turkey to target 'under the mattress' gold in effort to bolster the lira
Submitted by admin on Wed, 2022-02-09 20:18 Section: Daily DispatchesBy Laurel Pitel
Financial Times, London
Wednesday, February 9, 2022
Turkey will expand its drive to lure savers back to the lira next week with a scheme aimed at bringing billions of dollars worth of "under the mattress" gold into the banking system, the country's finance minister told investors during a visit to London.
Fed insists on concealing correspondence on members' trading and ethics
Submitted by admin on Wed, 2022-02-09 10:41 Section: Daily DispatchesBy Howard Schneider
Rueters
Wednesday, February 9, 2022
The U.S. Federal Reserve, responding to a Freedom of Information Act request by Reuters, said there are about 60 pages of correspondence between its ethics officials and policymakers regarding financial transactions conducted during the pandemic year 2020.
But it "denied in full" to release the documents, citing exemptions under the information act that it said applied in this case.
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Ed Steer: Deja vu all over again
Submitted by admin on Tue, 2022-02-08 23:16 Section: Daily Dispatches11:12p ET Tuesday, February 8, 2022
Dear Friend of GATA and Gold:
GATA board member Ed Steer's weekend commentary in Ed Steer's Gold and Silver Digest letter, headlined "Deja Vu All Over Again," has been posted in the clear at GoldSeek's compansion site, SilverSeek, here:
Craig Hemke at Sprott Money: On rates and gold
Submitted by admin on Tue, 2022-02-08 21:52 Section: Daily Dispatches9:54p ET Tuesday, February 8, 2022
Dear Friend of GATA and Gold:
Gold prices are not necessarily knocked down by rising interest rates, the TF Metals Report's Craig Hemke writes today at Sprott Money. To the contrary, Hemke writes, gold has risen strongly along with Federal Reserve attempts to raise rates.
Hemke's analysis is headlined "On Rates and Gold" and it's posted at Sprott Money here:
Should Idaho let its reserves be gutted by inflation or should it invest in gold?
Submitted by admin on Mon, 2022-02-07 15:35 Section: Daily DispatchesBy Stefan Gleason
Idaho Statesman, Boise
Monday, February 7, 2022
The recent explosion in inflation rates caused by runaway debt-funded federal spending and Fed money printing has sparked renewed interest in state legislatures, including the Idaho House, in the role gold and silver play in hedging against systemic risks.
'We're out of everything,' Goldman Sachs commodity research chief says
Submitted by admin on Mon, 2022-02-07 10:45 Section: Daily DispatchesGoldman Commodity Veteran Says He's Never Seen a Market Like It
Alex Longley and Francine Lacqua
Bloomberg News via Yahoo News
Monday, February 7, 2022
Jeff Currie, the closely-followed head of commodities research at Goldman Sachs Group Inc., says he's never seen commodity markets pricing in the shortages they are right now.
Maguire and Hemke discuss why price suppression via derivatives may end this year
Submitted by admin on Fri, 2022-02-04 21:02 Section: Daily Dispatches9p ET Friday, February 4, 2022
Dear Friend of GATA and Gold:
Kinesis Money's "Live from the Vault" report this week consists of a discussion between London metals trader Andrew Maguire and the TF Metals Report's Craig Hemke in which they review the evidence that this might be the year when the derivatives-based system of suppressing gold and silver prices blows up.
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No, the 'soul' of money is not trust in central banks
Submitted by admin on Thu, 2022-02-03 15:32 Section: Daily Dispatches3:33p ET Thursday, February 3, 2022
Dear Friend of GATA and Gold:
What is the "soul" of money.
In a speech last month to Goethe University's Institute for Law and Finance in Frankfurt, Germany, the general manager of the Bank for International Settlements, Agustin Carstens, declared that the "soul" of money is trust in central banks:
A whale is snapping up gold below $1,800, likely a government
Submitted by admin on Wed, 2022-02-02 21:01 Section: Daily DispatchesBy Eddie van der Walt
Bloomberg News
via Yahoo Finance, Sunnyvale, California
Wednesday, February 2, 2022
https://finance.yahoo.com/news/looks-whale-snapping-gold-bullion-124225535.html
Spot gold is again bobbing along near $1,800 an ounce, as it has been since mid-2020. The stickiness of that level, particularly as fundamentals turned more bearish, suggests there's a big buyer somewhere in these waters.
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