Showing posts with the label GATA I THE GATA DISPATCH

Alasdair Macleod: China can't avoid 'harvesting' by U.S. unless it bakcs yuan with gold I GATA I THE GATA DISPATCH

Submitted by cpowell on  Thursday, November 1, 2018. Section: Daily Dispatches By Alasdair Macleod, St. Helier, Jersey, Channel Islands Thursday, November 1, 2018 The next credit crisis poses a major challenge to Chinas manufacturing-based economy, because higher global and yuan interest rates are bound to have a devastating effect on Chinese business models and foreign consumer demand. Dealing with it is likely to be the biggest challenge faced by the Chinese government since the ending of the Maoist era. However, China does have an escape route by stabilising both interest rates and the yuan by linking it to gold. Will the Chinese have the gumption to take it? This article examines the challenges and the possible solution. It concludes there is a reasonable chance China will embrace sound money, because it is in a position to do so and the dangers of not doing so could destroy the state. ... ... For the remain

GoldCore: Gold's counterintuitive fall may be official intervention I GATA I THE GATA DISPATCH

Submitted by cpowell on 10:11PM ET Thursday, August 16, 2018. Section: Daily Dispatches 6:14p ET Thursday, August 16, 2018 Dear Friend of GATA and Gold: GoldCore's daily market analysis today cites GATA in acknowledging the possibility that gold's counterintuitive crash as the world financial system shows signs of cracking up has been caused by surreptitious intervention in the gold futures market by central banks struggling to save the system against market forces. GoldCore's analysis is headlined "Gold and Silver Prices Fall Sharply to Near 2-Year Lows Despite Strong Demand In Turkey" and it's posted here: gold-blog/gold-and-silver- prices-fall-1-6-a... CHRIS POWELL, Secretary/Treasurer Gold Anti-Trust Action Committee Inc.

The $500 billion market the world never thought it would see I GATA I THE GATA DISPATCH

The $500 billion market the world never thought it would see Submitted by cpowell on 01:43AM ET Monday, July 30, 2018. Section: Daily Dispatches By Chris Anstey and Narae Kim Bloomberg News Sunday, July 29, 2018 China used to rail against the outsize role of the U.S. dollar. But in a major turnaround, the world's second-biggest economy has started embracing the currency of its larger rival. Chinese companies and banks -- and even the government -- sold bonds denominated in dollars at a record pace last year, and underwriters expect that growth to continue for years. The roughly half-trillion-dollar market has two key attractions for China's borrowers. For some, it's an easier place to raise cash than at home -- where regulators are cracking down on leverage. For others, dollars are simply easier to use to fund acquisitions and investments abroad. The upshot: There's a large and growing supply of dollar securities

Ted Butler: The perfect double cross I GATA I THE GATA DISPATCH

Ted Butler: The perfect double cross Submitted by cpowell on 03:59PM ET Monday, July 2, 2018. Section:  Daily Dispatches 12:08p ET Monday, July 2, 2018 Dear Friend of GATA and Gold: Reviewing gold and silver futures market trader positioning data, silver market analyst Ted Butler writes today that he suspects that JPMorganChase has just double-crossed other big commercial traders as the bank has substantially reduced its short position in the monetary metals. Morgan, Butler writes, is now set to make a big score on an explosion in prices. How nice that would be for other monetary metals investors, but those other investors might do better to acknowledge, as Butler declines to do, the possibility that Morgan is acting in the monetary metals markets not for its own account but for one or more governments and central banks. Not that the bank is renowned for its integrity -- some close observers call it a criminal organization -- but for six years Morgan has be