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Daily Dispatches
Wall Street on Parade: New Mexico charges Wall Street banks with rigging credit default swaps market
Submitted by admin on Wed, 2021-07-07 16:53 Section: Daily DispatchesBy Pam and Russ Martens
Wall Street on Parade
Wednesday, July 7, 2021
Last week the New Mexico attorney general's office filed a breathtaking, 128-page anti-trust lawsuit in federal court in New Mexico on behalf of the state's $31 billion investment fund, the New Mexico State Investment Council. The council manages a permanent endowment along with money for 23 state agencies.
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USA Gold: Coins and Bullion Since 1973
China to sell more metals from reserves to ensure stable prices
Submitted by admin on Wed, 2021-07-07 10:59 Section: Daily DispatchesFrom Bloomberg News
Wednesday, July 7, 2021
China, the world's top commodities consumer, pledged to release more base metals from its state reserves after completing a first batch of sales in its latest effort to rein in surging raw material costs.
More sales will be arranged in the near term to ensure market stability, the National Food and Strategic Reserves Administration said in a statement on its website today.
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Step by step European Union chokes off cryptos
Submitted by admin on Tue, 2021-07-06 19:14 Section: Daily DispatchesBinance 'Temporarily Suspends' Payments from EU's SEPA Network
By Adam Samson, Philip Stafford, Joshua Oliver, and Eva Szalay
Financial Times, London
Tuesday, July 6, 2021
In an email to users today, the exchange said that from 8 a.m. universal co-ordinated time Wednesday, customers would no longer be able to deposit funds through the Single Euro Payments Area, or SEPA, schemes. Its move was due to "events beyond our control," the exchange said.
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Craig Hemke at Sprott Money: Washing out the CoT
Submitted by admin on Tue, 2021-07-06 18:53 Section: Daily Dispatches6:52p ET Tuesday, July 6, 2021
Dear Friend of GATA and Gold:
The TF Metals Report's Craig Hemke, writing today at Sprott Money, says futures trading position reports are not the best tools for short-term trading but they do signify some things, and current positioning suggests that gold's near-term lows are behind it.
Hemke's analysis is headlined "Washing Out the CoT" and it's posted at Sprott Money here:
Pam and Russ Martens: JPMorgan assisted another big Ponzi scheme while helping Madoff's
Submitted by admin on Tue, 2021-07-06 13:09 Section: Daily DispatchesBy Pam and Russ Martens
Wall Street on Parade
Tuesday, July 7, 2021
After reading the documents released by the Justice Department in January 2014 in connection with JPMorgan Chase's settlement over its role in the Bernie Madoff Ponzi scheme, the Los Angeles Times asked this question: "Bernie Madoff: Was he part of the JPMorgan ring, or was JPMorgan part of his ring?"
Given the facts of the case, the question was more than fair.
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What happened to central banking forum's essay on currency market intervention?
Submitted by admin on Tue, 2021-07-06 12:58 Section: Daily Dispatches1p ET Tuesday, July 6, 2021
Dear Friend of GATA and Gold:
On Monday the Official Monetary and Financial Institutions Forum, which is based in London and describes itself as "an independent think tank for central banking, economic policy, and public investment, providing a neutral platform for public- and private-sector engagement worldwide," posted and publicized an essay about currency market intervention by central banks.
The publicity for the essay said:
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Commentary: Currency intervention can help counter Covid crisis
Russian finance ministry plans to buy $4 billion worth of gold, foreign currency in July
Submitted by admin on Mon, 2021-07-05 11:30 Section: Daily DispatchesBy Andrey Ostroukh
Reuters
via Nasdaq.com, New York
Monday, July 5, 2021
MOSCOW -- Russia's finance ministry said today it would buy 13.5 billion roubles ($184.25 million) worth of foreign currency a day between July 7 and Aug. 5, an increase in the amount of daily operations from the previous month.
The finance ministry said its regular foreign exchange and gold purchases on the market will total 296 billion roubles ($4.04 billion) over the next month. A Reuters survey of analysts predicted that FX buying would total 250 billion roubles.
Kitco responds to Journal de Montreal report about Quebec tax settlement
Submitted by admin on Sun, 2021-07-04 16:49 Section: Daily Dispatches5:04p ET Sunday, July 4, 2021
Dear Friend of GATA and Gold:
In response to the April 2018 report from the Journal de Montreal about Kitco Metals' settlement of its dispute with the Quebec tax agency, a report GATA dispatched to you a year ago --:
https://www.gata.org/node/20254
-- company President Bart Kitner asks GATA to call your attention to this statement:
Brien Lundin: The blockbuster return of the New Orleans conference
Submitted by admin on Sat, 2021-07-03 10:08 Section: Daily DispatchesBy Brien Lundin
Gold Newsletter
Thursday, July 1, 2021
You waited for it, and here it is: Registration has just opened for New Orleans 2021.
Mark my words: This is going to be the most spectacular investment gathering held anywhere, by anyone, in many years.
For one, it will be the first in-person event of its kind held post-Covid.
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Even gold-obsessed Indians are pouring into crypto
Submitted by admin on Fri, 2021-07-02 23:48 Section: Daily DispatchesBy Suvashree Ghosh and Ronojoy Mazumdar
Bloomberg News
via Yahoo News, Sunnyvale, California
Friday, July 2, 2021
The cryptocurrency aficionados' mantra that Bitcoin is equivalent to digital gold is winning converts among the world's biggest holders of the precious metal.
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