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Daily Dispatches
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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Singapore seeks to rival London and NY with new gold contract
Submitted by admin on Tue, 2025-05-13 08:13 Section: Daily DispatchesBy Leslie Hook and Owen Walker
Financial Times, London
Tuesday, May 13, 2025
Singapore-based start-up Abaxx Exchange is seeking to challenge the dominance of London and New York in the global bullion market with the launch of a new physical gold contract, following a blistering price rally this year.
The bourse, which has raised more than $100 million from investors including BlackRock and CBOE Global Markets, plans to offer a physical 1-kilo gold contract next month, denominated in U.S. dollars and deliverable in Singapore.
Brien Lundin: China deal creates opportunities for gold shorts and longs
Submitted by admin on Mon, 2025-05-12 13:47 Section: Daily DispatchesBy Brien Lundin
Gold Newsletter / Golden Opportunities
Metairie, Louisiana
Monday, May 12, 2025
I haven't heard gold mentioned so much in the mainstream financial media at any other point in this new gold bull market.
At every market update on CNBC, for example, it seems the announcer is leading off with a note that gold has posted another $100 day. The metal has never before enjoyed such coverage.
The reason, of course, is because gold is down $100 today, instead of rising that much.
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Support GATA and get a commemorative 1-ounce silver round
Submitted by admin on Mon, 2025-05-12 13:37 Section: Daily Dispatches1:36p ET Monday, May 12, 2025
Dear Friend of GATA and Gold:
We are so close to victory now. Gold is all over mainstream financial news organizations now even as they strive not to expose the real reasons for the monetary metal's spectacular rise in recent months: the ongoing collapse of the derivatives-based gold price suppression system.
On LFTV, Maguire and Schectman agree that gold is money forever
Submitted by admin on Sun, 2025-05-11 08:39 Section: Daily Dispatches8:38a ET Sunday, May 11, 2025
Dear Friend of GATA and Gold:
Coin and bullion dealer Miles Franklin's Andy Schectman is London metals trader Andrew Maguire's guest on this week's edition of Kinesis Money's "Live From the Vault" program, and they discuss how gold has preserved wealth through centuries of monetary and political upheaval.
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