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Daily Dispatches
'Rigged' author Stuart Englert interviewed by Palisade Radio
Submitted by cpowell on Fri, 2020-10-16 12:59 Section: Daily Dispatches1p ET Friday, October 16, 2020
Dear Friend of GATA and Gold:
Journalist Stuart Englert, author of the book "Rigged, Exposing the Largest Financial Fraud in History," which details the manipulation of gold prices by central banks and draws heavily on GATA's work, was interviewed this week by Tom Bodrovics at Palisade Radio. The interview is 36 minutes long and can be heard at YouTube here:
Sprott's John Hathaway: Gold, the simple math
Submitted by cpowell on Fri, 2020-10-16 12:47 Section: Daily Dispatches12:45p ET Friday, October 16, 2020
Dear Friend of GATA and Gold:
Sprott gold portfolio manager John Hathaway this week published a report detailing the many factors supporting investment in gold and gold-mining companies.
Pam and Russ Martens: Stock mutual funds have net outflows for 25 weeks, totaling record $388.7 billion
Submitted by cpowell on Fri, 2020-10-16 11:47 Section: Daily DispatchesBy Pam and Russ Martens
Wall Street on Parade
Friday, October 16, 2020
Refinitiv Lipper, which has been tracking mutual fund flows for the past 18 years, reports that for the week ended Wednesday, October 14, equity (stock) mutual funds marked their 25th week of net negative outflows, losing $8.6 billion for the week.
Despite JPMorgan's record spoofing fine, deterrence questions remain
Submitted by cpowell on Wed, 2020-10-14 22:07 Section: Daily DispatchesBy Henry Engler
Reuters
Tuesday, October 13, 2020
https://www.reuters.com/article/idUSKBN26Y2NT
JPMorgan's $920 million fine by U.S. regulators for "spoofing" in the precious metals and U.S. Treasury markets, the practice of giving a false impression of market demand by rapidly entering and canceling orders, would appear to be a sharp warning to the industry over the illegal practice.
With dividend increases, gold miners share wealth from high prices
Submitted by cpowell on Wed, 2020-10-14 11:41 Section: Daily DispatchesFrom the Canadian Press
via The Star, Toronto
Tuesday, October 13, 2020
CALGARY, Alberta -- Investors in Canadian gold-mining companies are being rewarded with higher dividends as gold prices settle near US$1,900 per ounce after setting record highs above US2,070 in August.
Craig Hemke at Sprott Money: Surviving algo hell
Submitted by cpowell on Tue, 2020-10-13 19:55 Section: Daily Dispatches7:57p ET Tuesday, October 13, 2020
Dear Friend of GATA and Gold:
Craig Hemke of the TF Metals Report, commenting today at Sprott Money, writes that algorithms seem to have taken over trading in gold futures on the New York Commodities Exchange, tying gold tightly to the U.S. dollar since August in an inverse relationship that had not previously been so established.
With a bigger building, maybe JPMorgan Chase can rig more markets and get away with it
Submitted by cpowell on Tue, 2020-10-13 13:47 Section: Daily DispatchesJPMorgan Sticks with Plan to Build Giant New York Headquarters
By David Henry and Herbert Lash
Reuters
Tuesday, October 13, 2020
NEW YORK -- JPMorgan Chase & Co. is forging ahead with plans to build a mammoth new headquarters in New York, Chief Executive Jamie Dimon said on Tuesday, despite the coronavirus pandemic casting serious doubt on the future of office buildings.
Pam and Russ Martens: New book shows how repeal of Glass-Steagall re-corrupted banking system
Submitted by cpowell on Tue, 2020-10-13 11:48 Section: Daily DispatchesBy Pam and Russ Martens
Wall Street on Parade
Tuesday, October 13, 2020
GATA board member Ed Steer interviewed by Michigan radio host Dave Janda
Submitted by cpowell on Tue, 2020-10-13 10:34 Section: Daily Dispatches10:36a ET Tuesday, October 13, 2020
Dear Friend of GATA and Gold:
Bank of England asks banks if they are ready for negative interest rates
Submitted by cpowell on Mon, 2020-10-12 10:35 Section: Daily DispatchesBy Simon Foy
The Telegraph, London
Monday, October 12, 2020
The Bank of England has asked UK lenders for information about their readiness for the possibility of negative or zero interest rates, raising the prospect of an unprecedented move as the recovery begins to slow.