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Daily Dispatches
Cuba on edge as government readies landmark currency devaluation
Submitted by cpowell on Wed, 2020-09-30 11:56 Section: Daily DispatchesBy Marc Frank
Financial Times, London
Wednesday, September 30, 2020
HAVANA, Cuba -- Cuba is stepping up plans to devalue the peso for the first time since the 1959 revolution, as a dire shortage of tradable currency sparks the gravest crisis in the communist-ruled island since the fall of the Soviet Union.
Dave Kranzler: Gold, silver, and the 'shit-show'
Submitted by cpowell on Wed, 2020-09-30 11:45 Section: Daily DispatchesBy Dave Kranzler
Investment Research Dynamics, Denver
Wednesday, September 30, 2020
"I'm just gonna say it like it is: That was a shit-show."
-- Dana Bash, CNN, about last night's "presidential" debate.
"The debate was a national mortification. 'Shit-show' was an understatement."
-- Chris Powell, GATA.
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Pam and Russ Martens: Justice Department lets JPMorganChase off easy
Submitted by cpowell on Wed, 2020-09-30 11:11 Section: Daily DispatchesJPMorgan Chase Admits to Two New Felony Counts -- Brings Total to Five Felony Counts in Six Years, All During Tenure of Jamie Dimon
By Pam and Russ Martens
Wall Street on Parade
Tuesday, September 29, 2020
Hemke: Metals market rigging didn't end today; Grandich recalls two lying shills
Submitted by cpowell on Tue, 2020-09-29 16:05 Section: Daily Dispatches4:06p ET Tuesday, September 29, 2020
Dear Friend of GATA and Gold:
Don't think for a moment, the TF Metals Report's Craig Hemke writes today at Sprott Money, that manipulation and corruption in the monetary metals markets will stop with JPMorganChase's admission of rigging them and the bank's paying a $920 million fine.
Inside the JPMorgan trading desk the U.S. called a crime ring
Submitted by cpowell on Mon, 2020-09-28 09:54 Section: Daily DispatchesBy Tom Schoenberg
Bloomberg News
Monday, September 28, 2020
Last week's smash gained bullion banks little, Macleod tells KWN
Submitted by cpowell on Sun, 2020-09-27 14:05 Section: Daily Dispatches2:05p ET Sunday, September 27, 2020
Dear Friend of GATA and Gold:
In comments at King World News, GoldMoney research director Alasdair Macleod says last week's smashing of gold by bullion banks in the futures market failed to produce enough selling to allow them to close many of their short positions.
Bank of England official defends negative rates as recovery is 'interrupted'
Submitted by cpowell on Sun, 2020-09-27 11:11 Section: Daily DispatchesBy Lizzy Burden
The Telegraph, London
Sunday, September 27, 2020
The Bank of England has stoked expectations of an unprecedented move to negative interest rates as new pandemic restrictions cast a shadow over the recovery.
Doug Pollitt: MMT's Stephanie Kelton meets the grifter of imperial France, John Law
Submitted by cpowell on Sat, 2020-09-26 21:02 Section: Daily Dispatches9:21p ET Saturday, September 26, 2020
Dear Friend of GATA and Gold:
Former Deutsche Bank gold traders found guilty in spoofing trial
Submitted by cpowell on Fri, 2020-09-25 22:50 Section: Daily DispatchesBy Janan Hanna and Stephen Joyce
Bloomberg News
Friday, September 25, 2020
Prosecutors behind a sweeping U.S. crackdown on market "spoofing" scored a big win Friday when former Deutsche Bank AG traders Cedric Chanu and James Vorley were convicted of fraud for manipulating gold and silver prices.
Lousy week for monetary metals prompts Sprott to quote GATA secretary
Submitted by cpowell on Fri, 2020-09-25 20:59 Section: Daily Dispatches9p ET Friday, September 25, 2020
Dear Friend of GATA and Gold:
Beginning his review of a lousy week for the monetary monetary metals with Craig Hemke for Sprott Money, mining entrepreneur Eric Sprott quotes your secretary/treasurer's observation at GATA's Washington conference in 2008: "There are no markets anymore, just interventions." (See: http://gata.org/node/6242.)
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