Considered undependable, Comex and LBMA lose business and paper racket ends by December, Maguire tells LFTV
Submitted by admin on Fri, 2025-08-22 21:34 Section: Daily Dispatches9:35p ET Friday, August 22, 2025
Dear Friend of GATA and Gold:
London metals trader Andrew Maguire, speaking on this week's edition of Kinesis Money's "Live from the Vault" program at YouTube, says major participants in the gold market no longer consider the New York Commodities Exchange and the London Bullion Market Association dependable for delivering real metal and are taking their business to Asian exchanges where delivery is quick.
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Syria to revalue currency, dropping two zeros in bid for stability, sources tell Reuters
Submitted by admin on Fri, 2025-08-22 10:42 Section: Daily DispatchesBy Feras Dalatey
Reuters
Friday, August 22, 2025
DAMASCUS -- Syria will issue new banknotes, removing two zeros from its currency in an attempt to restore public confidence in the severely devalued pound, according to seven sources familiar with the matter and documents reviewed by Reuters.
The step is intended to strengthen the Syrian pound after its purchasing power collapsed to record lows following a 14-year conflict that ended with President Bashar al-Assad's ouster in December.
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Charlie Garcia: Here's the $863 billion secret Powell, Trump, and Bessent aren't telling us about gold and bitcoin
Submitted by admin on Thu, 2025-08-21 23:49 Section: Daily DispatchesBy Charlie Garcia
MarketWatch.com, New York
Thursday, August 21, 2025
S. Africa set to open first underground gold mine in 15 years
Submitted by admin on Thu, 2025-08-21 19:18 Section: Daily DispatchesBy William Clowes and Antony Sguazzin
Bloomberg News
via Mining.com, Toronto
Thursday, August 21, 2025
South Africa is set to open its first new underground gold mine in 15 years -- an increasingly rare event for a country that was once the world's largest producer of the precious metal.
Consider subscribing to GATA supporter Mike Ballanger's daily market letter
Submitted by admin on Thu, 2025-08-21 12:21 Section: Daily Dispatches12:40p ET Thursday, April 21, 2025
Dear Friend of GATA and Gold:
GATA long has been reading the daily market letter from our old friend Michael J. Ballanger in Canada, a letter that concentrates on the mining industry but often has a wider focus and, unlike most financial letters, acknowledges market manipulation. Your secretary/treasurer thinks it's a great letter and as you'll see below, Ballanger now is taking new subscribers again and is offering a substantial subscription fee discount to GATA supporters.
I think you'll enjoy it and find it profitable.
The illegal gold rush sweeping the world
Submitted by admin on Thu, 2025-08-21 10:47 Section: Daily DispatchesMaybe someday the Financial Times will report in just as much depth about the legal gold rush sweeping the world and the causes and players behind it, and particularly the players opposing it through market interventions.
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By Michael Pooler, Joe Daniels, Aanu Adeoye, Monica Mark, Chloe Cornish, and Leslie Hook
Financial Times, London
Wednesday, August 20, 2025
