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Daily Dispatches
China liberalizes international use of yuan, perhaps to slow its rise
Submitted by cpowell on Wed, 2021-01-06 11:44 Section: Daily DispatchesChina to Relax Rules on Cross-Border Yuan use as Currency Hits 30-Month High Against U.S. Dollar
By Frank Tang
South China Morning Post, Hong Kong
Tuesday, January 5, 2021
Beijing will make it easier for traders, multinational companies, and outbound investors to use the yuan in international transactions, after the Chinese currency rallied to a 30-month high against the U.S. dollar.
Craig Hemke at Sprott Money: The Comex is 'on the brink'
Submitted by cpowell on Tue, 2021-01-05 19:01 Section: Daily Dispatches7p ET Tuesday, January 5, 2020
Dear Friend of GATA and Gold:
Just a day left to get The Calandra Report at a discount and help GATA
Submitted by cpowell on Tue, 2021-01-05 14:14 Section: Daily Dispatches2:10p Tuesday, January 5, 2021
Dear Friend of GATA and Gold:
With the U.S. dollar index having sunk well below 90 and gold and especially silver soaring as the new year begins, the government-supported bullion banks presumably squared their positions at year-end and mining shares look exciting again.
Agnico Eagle buys Arctic miner after Canada nixed sale to Chinese firm
Submitted by cpowell on Tue, 2021-01-05 10:43 Section: Daily DispatchesBy Steven Frank
Bloomberg News
Tuesday, January 5, 2021
Canadian gold giant Agnico Eagle Mines Ltd. has agreed to pay a premium to buy TMAC Resources Inc. for about C$287 million (US$225 million), two weeks after Canada's government rejected a takeover of the Arctic miner by a Chinese suitor.
Dollar's fall increases chance of record high gold soon, Turk tells KWN
Submitted by cpowell on Mon, 2021-01-04 19:14 Section: Daily Dispatches7:12p ET Monday, January 4, 2021
Dear Friend of GATA and Gold:
Gold isn't just rising, GoldMoney founder and GATA consultant James Turk tells King World News today, adding that the U.S. dollar is falling sharply as those holding it are exchanging it not only for gold but for all other assets rising in price.
USAGold's January letter: Own the metal unencumbered, hold it nearby, and sit back and watch the show
Submitted by cpowell on Mon, 2021-01-04 13:19 Section: Daily Dispatches1:15p ET Monday, January 4, 2021
Dear Friend of GATA and Gold:
Treasuries inflation gauge exceeds 2% for first time since 2018
Submitted by cpowell on Mon, 2021-01-04 12:24 Section: Daily DispatchesBy Elizabeth Stanton and Benjamin Purvis
Bloomberg News
Monday, January 4, 2020
Traders see U.S. inflation averaging at least 2% per year over the coming decade, the first time expectations have climbed that high since 2018.
Metals are flying, the dollar is falling, and just hours remain on The Calandra Report special discount offer
Submitted by cpowell on Sun, 2021-01-03 20:28 Section: Daily DispatchesPlease consider helping GATA this way.
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9:39p ET Sunday, January 3, 2021
Dear Friend of GATA and Gold:
Venezuela's Maduro plans shift to fully digitalized economy
Submitted by cpowell on Sat, 2021-01-02 19:42 Section: Daily DispatchesJust what the totalitarian surveillance state dreams about.
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By Nicolle Yapur
Bloomberg News
Saturday, January 2, 2020
Venezuela's government is planning to move to a fully digital economy as hyperinflation has made worthless bolivar notes practically disappear, and dollarization expands through the local financial system.
WSJ's Aaron Back: King Dollar is abdicating and that's OK
Submitted by cpowell on Fri, 2021-01-01 22:34 Section: Daily DispatchesBy Aaron Back
The Wall Street Journal
Wednesday, December 30, 2020
There are many reasons to expect a weaker U.S. dollar next year and perhaps for longer, but none more important than the new policy stance of the Federal Reserve.
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