Adam Sharp: The art of currency war
Submitted by admin on Sat, 2025-04-26 11:04 Section: Daily DispatchesBy Adam Sharp
The Daily Reckoning, Baltimore
Friday, April 25, 2025
The U.S. dollar remains the king of currencies. For now, at least.
The greenback's share of global foreign exchange reserves sits around 58%. However, back in 2000 the dollar was even more dominant with a 72% market share.
Meanwhile China's yuan only makes up about 2.2% of global forex reserves, but that's up from 1.1% in 2016. The currency's share of global payments is higher at around 4.7%.
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Former Fed governor Warsh blasts U.S. central bank for leaving its lane
Submitted by admin on Sat, 2025-04-26 10:36 Section: Daily DispatchesBy Francesco Canepa
Reuters
via Yahoo News, Sunnyvale, California
Friday, April 25, 2025
WASHINGTON -- Former Federal Reserve Governor Kevin Warsh, with whom President Donald Trump is reported to have discussed firing U.S. central bank chief Jerome Powell and installing him in his place, today unleashed a barrage of criticism of the Fed and argued for fundamental changes to how it operates.
Hackers manipulate markets in illicit trading spree netting $700 million
Submitted by admin on Fri, 2025-04-25 20:50 Section: Daily DispatchesBy Aya Wagatsuma, Ryo Horiuchi, and Takashi Nakamichi
Bloomberg News
Wednesday, April 23, 2025
Criminals are hijacking online brokerage accounts in Japan and using them to drive up penny stocks around the world. The wave of fraudulent trading has reached 100 billion yen ($710 million) since it started in February and shows no signs of cresting.
Silver supply deficit will break price suppression, First Majestic's Keith Neumeyer says
Submitted by admin on Fri, 2025-04-25 20:42 Section: Daily Dispatches8:43p ET Friday, April 25, 2025
Dear Friend of GATA and Gold:
Gold isn't the only monetary metals market heavily manipulated by bullion banks, First Majestic Silver CEO Keith Neumeyer tells Mike Maharrey on Money Metals Exchange's weekly market review. Neumeyer says about 300 ounces of "paper" silver -- imaginary silver -- trade for every ounce of real metal.
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Jesse Colombo: Gold isn't going up; your regular money is just losing value
Submitted by admin on Fri, 2025-04-25 19:32 Section: Daily DispatchesBy Jesse Colombo
The Bubble Bubble Report, Substack
Friday, April 24, 2025
Whenever gold rises and I get excited as a gold investor, I'm often met with the familiar refrain: "Gold isn't really going up -- the dollar is just losing value."
I used to brush that off as a cliche or a semantics game, and honestly, it annoyed me. But eventually I decided to dig deeper.
I started analyzing the data visually -- my favorite way to learn -- and that's when it really clicked: They were right.
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Kenya's central bank considers buying gold
Submitted by admin on Thu, 2025-04-24 19:19 Section: Daily DispatchesBy Jennifer Zabasajja and David Herbling
Bloomberg News
Thursday, April 24, 2025
Kenya is considering adding gold to its reserves to diversify its foreign exchange holdings beyond the U.S. dollar and other currencies, according to the country's central bank governor.
