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Daily Dispatches
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.
Jim Rickards: Gold is the everything hedge
Submitted by admin on Thu, 2025-04-24 19:12 Section: Daily DispatchesBy James G. Rickards
The Daily Reckoning, Baltimore
Thursday, April 24, 2025
It's a subject we analyze continually, and we have recommended gold as part of a sound investment portfolio for years. Today the dollar price of gold is hovering near all-time highs over $3,300 per ounce.
Brien Lundin: Gold plummets -- and gold bulls are elated
Submitted by admin on Wed, 2025-04-23 18:50 Section: Daily DispatchesBy Brien Lundin
Gold Newsletter / Golden Opportunities
Metairie, Louisiana
Wednesday, April 23, 2025
I've never been so happy to see gold drop $100 in a day.
Of course I've never been happy at all to see gold drop like that, before today.
In a sign of how weird and volatile these markets are, I clicked on the MarketWatch tab in my browser this morning, only to see it hadn't updated since I last viewed it yesterday. I couldn't help but notice it showing the Dow down 600 points and gold up $108.
GATA needs your help, and there's silver in it for you
Submitted by admin on Wed, 2025-04-23 18:44 Section: Daily Dispatches6:43p ET Wednesday, April 23, 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: the collapse of the derivatives-based gold price suppression system.
Barrick Gold sells Alaska mine stake to John Paulson and NovaGold for up to $1.1 billion
Submitted by admin on Tue, 2025-04-22 16:14 Section: Daily DispatchesFrom Reuters
Tuesday, April 22, 2025
Canada's Barrick Gold said today it will exit the Donlin gold Project in Alaska by selling its 50% stake to billionaire John Paulson and NovaGold Resources for up to $1.1 billion.
The Donlin Gold project is a proposed mine that holds roughly 39 million ounces of gold. It was jointly owned by Barrick Gold and NovaGold, holding a 50% stake each.
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China plans overseas warehouses for Shanghai Gold Exchange to build pricing power
Submitted by admin on Tue, 2025-04-22 14:01 Section: Daily DispatchesBy Amy Lv and Lewis Jackson
Reuters
Tuesday, April 22, 2025
BEIJING -- China is considering setting up overseas warehouses to aid international settlement of specific products on the Shanghai Gold Exchange, its central bank said Monday.
Shanghai Gold Exchange will be supported to conduct cooperation with overseas exchanges to expand use of the yuan benchmark in the international market, the statement said.
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Ross Beaty-backed Lumina Gold agrees to $581 million acquisition by China's CMOC
Submitted by admin on Tue, 2025-04-22 12:45 Section: Daily DispatchesBy Niall McGee
The Globe and Mail, Toronto
Monday, April 21, 2025
Ross Beaty-backed Lumina Gold Corp. has agreed to be acquired by a subsidiary of China’s CMOC Group Ltd. for $581 million.
Vancouver-based Lumina is developing the Cangrejos gold project in Ecuador. In 2023 the company published an engineering study that showed the potential for a mine to produce 9.8 million ounces of gold, 7.8 million ounces of silver, and 1.1 billion pounds of copper over 26 years. The capital cost for the initial phase of the project was projected at US$925 million.
As the dollar falters, central banks tread a tightrope: Devalue their currency or not?
Submitted by admin on Tue, 2025-04-22 08:51 Section: Daily DispatchesBy Lee Ying Shan
CNBC, New York
Monday, April 21, 2025
The dollar has been sliding and the ripple effect on other currencies has brought a mix of relief and headache to central banks around the world.
Uncertainty about U.S. policymaking has led to a flight out of the U.S. dollar and Treasurys in recent weeks, with the dollar index weakening more than 9% so far this year. Market watchers see further declines.
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Gold derivatives system of price suppression is collapsing, GATA's Steer says
Submitted by admin on Sat, 2025-04-19 11:00 Section: Daily Dispatches11a ET Saturday, April 19, 2025
Dear Friend of GATA and Gold:
Interviewed this week by Liberty and Finance's Dunagun Kaiser, GATA board member Ed Steer, proprietor of Ed Steer's Gold and Silver Digest letter, says the sharp rise in gold's price and the frantic movements of gold around the world in recent months signify the collapse of the derivatives system of price suppression.
Steer adds that inventories of silver are "perilously low" and much higher prices are likely soon.
Trump to fast-track permitting for 10 mining projects, more promised
Submitted by admin on Sat, 2025-04-19 10:19 Section: Daily DispatchesBy Ernest Scheyder
Reuters
Friday, April 18, 2025
The White House on Friday said it will fast-track permitting for 10 mining projects across the United States as part of President Donald Trump's push to expand critical minerals production.
The projects -- which would supply copper, antimony, and other minerals -- have been granted FAST-41 status, a federal initiative launched in 2015 to streamline approvals of critical infrastructure.
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