Dollar drops as Korea talks fuel bets Trump wants weaker currency
Submitted by admin on Wed, 2025-05-14 09:18 Section: Daily DispatchesBy Daedo Kim and Jaehyun Eom
Bloomberg News
Wednesday, May 14, 2025
The dollar erased this week's gains on fresh speculation President Donald Trump favors a weaker greenback and will prod other governments to let their currencies rise in return for trade deals with the U.S.
The U.S. currency extended an earlier decline today after a Bloomberg News report that South Korea and U.S. officials discussed exchange rate policies at a May 5 meeting in Milan and will continue to do so.
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Money Metals Exchange announces International Sound Money Scholarship for 10th year
Submitted by admin on Wed, 2025-05-14 08:32 Section: Daily DispatchesFrom the Sound Money Defense League
via Money Metals News, Eagle, Idaho
Tuesday, May 13, 2025
For the tenth straight year, a leading U.S. precious-metals dealer has teamed up with the nation's preeminent sound-money policy groups to help students pay for the ever-increasing costs associated with continuing education.
Money Metals Exchange, the Sound Money Defense League, and the Sound Money Foundation are proud to present the 2025 Sound Money Scholarship -- the first gold-backed scholarship of the modern era.
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Jules Rimmer: What a steepening gold futures curve says about demand
Submitted by admin on Tue, 2025-05-13 12:54 Section: Daily DispatchesBy Jules Rimmer
MarketWatch, New York
Tuesday, May 13, 2025
During the relief rally staged by markets after the U.S.-China trade deal, the price of gold faltered and now stands 5% below its peak set in the first week of May. But steepening futures contracts and central bank purchases suggest that underlying demand is robust and this year's rally still has legs.
As illustrated by this chart from Correlation Economics --
Weekend commentary from Ed Steer's Gold and Silver Digest posted at SilverSeek
Submitted by admin on Tue, 2025-05-13 11:25 Section: Daily Dispatches11:25a ET Tuesday, May 13, 2025
Dear Friend of GATA and Gold:
GATA board member Ed Steer's weekend letter from Ed Steer's Gold and Silver Digest is headlined "Another Tiny Increase in Silver's Short Position" and is posted in the clear at SilverSeek here:
https://silverseek.com/article/another-tiny-increase-silvers-short-position
Pan American Silver to buy smaller rival MAG for $2.1 billion
Submitted by admin on Tue, 2025-05-13 09:20 Section: Daily DispatchesFrom Bloomberg News
Monday, May 12, 2025
Pan American Silver Corp. agreed to buy smaller producer MAG Silver Corp. in a transaction valued at about US$2.1 billion, giving the bigger rival access to a major mine in Mexico.
MAG shareholders will receive $500 million in cash and 0.755 ordinary shares of Pan American for each stock they own, Pan American said today. That values MAG shares at $20.54 based on May 9 closing prices, a 21% premium.
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Barrick drops 'gold' from its name as it builds copper business
Submitted by admin on Tue, 2025-05-13 08:26 Section: Daily DispatchesFrom the Canadian Press
via National Post, Toronto
Friday, April 28, 2025
Barrick Gold Corp. announced plans to change its name to Barrick Mining Corp. as it looks to continue to grow its copper business.
The new moniker is subject to approval at the company's upcoming annual and special meeting of shareholders set for May 6.
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