GATA

BIS continues as facilitator of surreptitious intervention against gold

Section: Daily Dispatches

8:13p ET Tuesday, February 3, 2026

Dear Friend of GATA and Gold:

Following what seems like the attempt on January 29 by the U.S. government, supported by the Federal Reserve and major investment banks, to enable large short positions in gold futures and especially silver futures to be more easily covered on the New York Commodities Exchange, it should be emphasized again that since 2009 the most contemporaneous proof of surreptitious central bank intervention in the gold market has come from the use of gold swaps arranged by the Bank for International Settlements. 

Chris Brycki: There's no gold bubble -- this is the start of a regime change

Section: Daily Dispatches

By Chris Brycki
Australian Financial Review, Sydney
Tuesday, February 3, 2026

Gold briefly touched $7900 an ounce in Australian dollars last week before pulling back to about $6700 on Monday.

Even after the recent volatility, gold is still up about 150 per cent on the same time three years ago.

This isn't a short-term bubble. It is the start of a regime change.

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Gold's bull run seen intact despite steep pullback

Section: Daily Dispatches

By Anjana Anil and Kavya Balaraman
Reuters
via Yahoo News, Sunnyvale, California
Monday, February 2, 2026

Despite a historic pullback in gold and silver prices, triggered by the sharpest two-session selloff in decades, analysts see the metal's ​bull run continuing and expect it to notch fresh record highs later this year.

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Money Metals Exchange chief recalls Warsh's admission about U.S. meddling in gold

Section: Daily Dispatches

7:33p ET Monday, Febrary 2, 2026

Dear Friend of GATA and Gold:

Interviewed by monetary metals advocate Mario Innecco, Money Metals Exchange President Stefan Gleason recalls a conversation he had about gold eight years ago with President Trump's new nominee for chairman of the Federal Reserve's Board of Governors, Kevin Warsh.

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Eldorado Gold to acquire Foran Mining in $2.8 billion deal to raise copper exposure

Section: Daily Dispatches

From Reuters
via MSN News, Redmond, Washington
Monday, February 2, 2026

Eldorado Gold will acquire Canada's Foran Mining in a deal valuing the copper-focused developer at about C$3.8 billion ($2.79 billion), adding a second near-term growth project and increasing its exposure to copper.

The deal, announced by the companies today, expands Eldorado's production at a time of strong gold prices and rising demand for copper, a key material used in electrification and clean energy.

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