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Daily Dispatches
Jan Nieuwenhuijs: Why the gold price is sinking
Submitted by cpowell on Fri, 2021-03-05 10:56 Section: Daily Dispatches10:58a ET Friday, March 5, 2021
Dear Friend of GATA and Gold:
Gold researcher Jan Nieuwenhuijs of the Gold Observer argues today that the gold price has been falling because of a rising interest rate on U.S. Treasury bonds but that the Federal Reserve eventually will push real interest rates to negative levels, boosting gold.
U.S. freezes Myanmar's billion at New York Fed
Submitted by cpowell on Thu, 2021-03-04 20:26 Section: Daily DispatchesBy Simon Lewis and Humeyra Pamuk
Reuters
Thursday, March 4, 2021
WASHINGTON -- Myanmar's military rulers attempted to move about $1 billion held at the Federal Reserve Bank of New York days after seizing power on Feb. 1, prompting U.S. officials to put a freeze on the funds, according to three people familiar with the matter, including one U.S. government official.
John Adams: Bond market crisis will crack the silver price ceiling
Submitted by cpowell on Thu, 2021-03-04 14:00 Section: Daily DispatchesBy John Adams
Adams Economics, Sydney, Australia
Thursday, March 4, 2021
The current crisis in bond markets will have dramatic implications for not only future economic policy but also for global commodity and precious metals markets, especially the gold and silver market.
As noted in early February 2021 in the article "The Biden Administration Will Accelerate Stagflation" --
Ronan Manly: CFTC frets about internet's silver clamor after ignoring big bank manipulators
Submitted by cpowell on Thu, 2021-03-04 11:14 Section: Daily Dispatches11:10a ET Thursday, March 4, 2021
Dear Friend of GATA and Gold:
Dollar is increasingly overvalued as deficit widens, international finance institute says
Submitted by cpowell on Thu, 2021-03-04 10:42 Section: Daily DispatchesBy Chris Anstey
Bloomberg News
Thursday, March 4, 2021
The dollar has become increasingly overvalued thanks to a swelling U.S. current-account deficit, according to the Institute of International Finance.
China's yuan is the mirror image, becoming increasingly undervalued, the IIF found in a periodic assessment of exchange-rate misalignments.
Stefan Gleason: The Great Reset is coming for the currency
Submitted by cpowell on Wed, 2021-03-03 20:29 Section: Daily DispatchesBy Stefan Gleason
Money Metals Exchange, Eagle, Idaho
Tuesday, March 3, 2021
As the Great Reset proceeds from globalist think tanks and technology billionaires to allied media elites, governments, schools, and Woke corporations, what will be "reset" next?
Gold and silver went into backwardation today, a bullish sign, Turk tells KWN
Submitted by cpowell on Wed, 2021-03-03 20:24 Section: Daily Dispatches8:25p ET Wednesday, March 3, 2021
Dear Friend of GATA and Gold:
GoldMoney founder and GATA consultant James Turk tells King World News today that gold and silver prices went into backwardation today, signifying that low prices brought out buyers of real metal, a bullish sign. Turk says it seems that weak hands trading the metals on margin in the futures markets have been washed out.
Poland keeps rates on hold in defiance of accelerating inflation
Submitted by cpowell on Wed, 2021-03-03 10:16 Section: Daily DispatchesBy Maciej Onoszko
Bloomberg News
Wednesday, March 3, 2021
Poland's central bank kept interest rates unchanged, looking past a spike in inflation to the highest in a decade as new Covid-19 restrictions threaten to stifle economic growth.
Clint Siegner: Bullion banks sell even more silver, but do they have it?
Submitted by cpowell on Tue, 2021-03-02 18:48 Section: Daily DispatchesBy Clint Siegner
Money Metals Exchange, Eagle, Idaho
Monday, March 1, 2021
Anyone with a naked short in the silver futures market risks getting squeezed by physical buying. Demand for delivery of Comex silver bars is rising, even as the paper price of the metal fell more than 4.5% last week.
Pam and Russ Martens: A year later, we have no idea who got $9 trillion from the Fed
Submitted by cpowell on Mon, 2021-03-01 11:08 Section: Daily DispatchesBy Pam and Russ Martens
Wall Street on Parade
Monday, March 1, 2021
Beginning on September 17, 2019 -- months before there was any report of a Covid-19 case anywhere in the world -- the Federal Reserve turned on its money spigot to the trading houses on Wall Street.
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