Daily Dispatches

By Michael Lynch
Michael Lynch on Gold and Silver
https://substack.com/@michaellynchongoldsilver
Thursday, January 8, 2026

Physical silver demand at the Comex is sizzling.

Going back five trading days, first notice day on the January contract saw 4,583 contracts or 22.9 million ounces stand for delivery. That was the highest in Comex history for an inactive contract. In fact, that total surpasses many previous active month contracts during 2023 and 2024.

11:07a ET Wednesday, January 7, 2026

Dear Friend of GATA and Gold:

The possibility that the U.S. government will revalue its gold reserves substantially higher figures heavily in the 2026 monetary metals market outlook published today by Craig Hemke of the TF Metals Report. But even without revaluation, Hemke writes, there are reasons to expect the metals to continue rising.

Hemke's analysis is headlined "Scott Would Like to Say Something About it -- A 2026 Macrocast" and it can be found at the TF Metals Report here:

Kian Smith to List Over 21 Billion Naira Worth Of Gold Bars On Lagos Commodities and Future Exchange

By Joshua Bassey
Business Day, Lagos, Nigeria
Tuesday, January 6, 2026

Kian Smith FZE is set to list and trade over 21 billion naira worth of 1-kilogram LBMA hold bars on the floor of Lagos Commodities and Futures Exchange.

By Jamie McGeever
Reuters
Tuesday, January 6, 2026

There were likely many motives behind America's capture and arrest of Venezuelan President Nicolas Maduro on Saturday, but one little-discussed factor could be the White House's concerns about the waning global prominence of the "petrodollar."

Venezuela's oil output is currently modest at barely 1 million barrels per day, but its reported reserves of around 300 billion barrels -- 17% of the global stock -- are the world's largest.

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