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Daily Dispatches
New Orleans is back to normal so join GATA there next month
Submitted by admin on Thu, 2021-09-30 20:53 Section: Daily DispatchesBy Brien Lundin
Editor, Gold Newsletter
CEO, the New Orleans Investment Conference
Thursday, September 30, 2021
With this year's New Orleans Investment Conference just around the corner -- Tuesday through Friday, October 19-22 -- the timing couldn't be better for a metals rally.
If you're a serious investor, you need to attend this blockbuster, in-person event.
Dave Kranzler: Will price inflation prick the stock market bubble?
Submitted by admin on Thu, 2021-09-30 20:48 Section: Daily DispatchesBy Dave Kranzler
Investment Research Dynamics, Denver
Thursday, September 30, 2021
The graphic accompanying this analysis does a great job of conveying the non-transitory nature of price inflation -- price inflation resulting from the substantial and continuous devaluation of the dollar from the Federal Resrve's money printing and the government’s debt issuance.
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From chips to ships, shortages are making inflation stick
Submitted by admin on Thu, 2021-09-30 11:55 Section: Daily DispatchesBy Dhara Ranasinghe and Sujata Rao
Reuters
Thursday, September 30, 2021
LONDON -- Soaring gas prices, staff shortages, a lack of ships -- price pressures globally may be picking up faster than anticipated, challenging the view that inflation will prove transitory.
Central bankers, while adamant that inflation will subside, are starting to concede it may stay higher for longer as a range of issues push up the prices of goods and services and lift future inflation expectations.
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Alasdair Macleod: Economic theory and long-wave cycles
Submitted by admin on Thu, 2021-09-30 11:46 Section: Daily DispatchesBy Alasdair Macleod
GoldMoney, Toronto
Thursday, September 30, 2021
Investors and others are confused by the early stages of accelerating price inflation. One misleading belief is in cycles of industrial production, such as Kondratieff’s waves. The Kondratieff cycle began to emerge in financial commentaries during the inflationary 1970s, along with other wacky theories. We should reject them as an explanation for rising prices today.
Pam and Russ Martens: Dallas Fed president made market-moving statements while trading stocks and futures
Submitted by admin on Thu, 2021-09-30 11:24 Section: Daily DispatchesBy Pam and Russ Martens
Wall Street on Parade
Thursday, September 30, 2021
Last year, during the worst health crisis in more than a hundred years in the United States, Dallas Fed President Robert Kaplan was frequently throwing gasoline on the fire in broadcast and print media interviews.
Also in 2020, Kaplan was trading in and out of S&P 500 futures, a sophisticated instrument used by hedge funds to time the market and/or short the market.
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Stagflation fears intensify in signs of slowing growth
Submitted by admin on Thu, 2021-09-30 10:58 Section: Daily DispatchesTommy Stubbington and Delphine Strauss
Financial Times, London
Thursday, September 30, 2021
Supply chain disruptions sweeping major economies have reawakened an old nemesis for investors: stagflation.
Anxiety over rising inflation has been ever-present in markets this year. But with oil topping $80 a barrel, global food prices a third more expensive than they were a year ago, and other commodities at decade highs, investors say a longer-than-expected inflationary surge is coinciding with a slowdown in growth -- and making it worse.
Rare gold coins dug out of French mansion's walls sold for $1.2 million
Submitted by admin on Wed, 2021-09-29 17:39 Section: Daily DispatchesLouis the Great's money is more valuable than ever.
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From Agence France-Presse
via The Guardian, London
Wednesday, September 29, 2021
Hundreds of rare gold coins dug out of the walls of a remote French mansion fetched more than one million euros ($1.2 million) at auction on today.
Stonemasons discovered 239 pieces of gold, minted before the French Revolution, when they began renovating the property near Quimper in the western Brittany region, auctioneers Ivoire/Deloys said.
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New Orleans is back to normal so join GATA there next month
Submitted by admin on Wed, 2021-09-29 17:22 Section: Daily DispatchesBy Brien Lundin
Editor, Gold Newsletter
CEO, the New Orleans Investment Conference
Wednesday, September 29, 2021
With this year's New Orleans Investment Conference just around the corner -- Tuesday through Friday, October 19-22 -- the timing couldn't be better for a metals rally.
If you're a serious investor, you need to attend this blockbuster, in-person event.
Pam and Russ Martens: Was Boston Fed President Rosengren trading with Citigroup's money?
Submitted by admin on Wed, 2021-09-29 12:20 Section: Daily DispatchesBy Pam and Russ Martens
Wall Street on Parade
Wednesday, September 29, 2021
The culture of Wall Street has now completely engulfed the Fed: it's legal if you can get away with it.
New York Fed reports small decline in custodial gold
Submitted by admin on Wed, 2021-09-29 12:10 Section: Daily DispatchesFrom GoldReporter, Germany
Tuesday, September 28, 2021
For the first time in more than two years, the Federal Reserve Bank of New York reports a decrease in its gold holdings stored on behalf of customers.
As the Fed states in its latest monthly report, the gold reserves reported as "earmarked gold" amounted to $7,789 million as of September 24, 2021. This gold is traditionally reported at a book value of $42.22 per ounce. This corresponds to the gold price from 1973.
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