Daily Dispatches

By Gabrielle Tetrault-Farber and Andrew Osborn
Reuters
Tuesday, March 23, 2021

MOSCOW -- Russian Foreign Minister Sergei Lavrov today began a visit to China with a call for Moscow and Beijing to reduce their dependence on the U.S. dollar and Western payment systems to push back against what he called the West's ideological agenda.

Lavrov, on a two-day visit to China, is expected to hold talks with his Chinese counterpart at a time when both countries' ties with the administration of U.S. President Joe Biden are badly strained.

8p ET Saturday, March 20, 2021

Dear Friend of GATA and Gold:

Governments and central banks, GATA Chairman Bill Murphy tells Crush the Street's Ken Ameduri, are doing a great job with market manipulation to demoralize monetary metals investors. But, Murphy adds, the risk/reward ratio for the metals has never been better. 

The interview is 23 minutes long and can be seen at YouTube here:

https://www.youtube.com/watch?v=PG3z0Sqmnd8

12:15p ET Friday, March 19, 2021

Dear Friend of GATA and Gold:

Financial writer Charles Hugh Smith of the Of Two Minds blog this week elaborated brilliantly on a point made lately by the market analyst and author James G. Rickards: that the "velocity" of money isn't coming close to keeping up with money creation, at least not yet.

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By Jonathan Browning
Bloomberg News
Thursday, March 18, 2021

Just as the much-maligned Libor benchmark is on its way out, a U.S. regulator is finally trying to work out the potential losses from the manipulation scandals a decade ago.

The U.S. Federal Deposit Insurance Corporation, which is suing Barclays Plc and six other European lenders in London, says that a group of failed U.S. institutions suffered a collective loss of around $7 million for every rigged basis point. 

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