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Daily Dispatches
Martin Sandu: Welcome to the new age of financial repression
Submitted by admin on Sun, 2025-06-29 11:50 Section: Daily DispatchesBy Martin Sandbu
Financial Times, London
via MSN News, Redmond, Washington
Sunday, June 29, 2025
The trade war unleashed by Donald Trump may be just the precursor for much larger turmoil in the global economy. Whatever tariffs look like when the dust settles, deficits, surpluses and trade patterns will still be shaped by financial flows. It is only a matter of time before another economic policy war flares up -- indeed, it has already begun.
Welcome to the new age of financial repression.
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Why central banks are pulling gold from the U.S., and why it started in Germany
Submitted by admin on Sat, 2025-06-28 11:42 Section: Daily DispatchesBy Jeremy Szafron
Kitco News, Montreal
Friday, June 27, 2025
A quiet repatriation campaign launched by Germany more than a decade ago has now evolved into a global rethink of who controls sovereign wealth.
Peter Boehringer, the architect of Germany's gold repatriation program, says what started as a debate in one Parliament is now playing out in central banks around the world.
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Americans cash out on gold coins as Asian investors bulk up
Submitted by admin on Sat, 2025-06-28 11:25 Section: Daily DispatchesBy Yvonne Yue Li
Bloomberg News
Saturday, June 28, 2025
Americans who once snapped up gold bars and coins are offloading the assets while their Asian counterparts show no letup in bullion buying, a sign investors on opposite sides of the world have different outlooks on the global economy.
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Another options-expiration smash to be followed by another step up, Maguire tells LFTV
Submitted by admin on Fri, 2025-06-27 22:15 Section: Daily Dispatches10:14p ET Friday, June 27, 2025
Dear Friend of GATA and Gold:
London metals trader Andrew Maguire tells this week's edition of Kinesis Money's "Live from the Vault" program that this week's clobbering of gold and silver prices was another futures market operation, this time led by Citibank, tied to month-end options expirations. Maguire says another "stairstep" rise in physical prices will follow shortly.
The program is 47 minutes long and can be viewed at YouTube here:
China opens first offshore gold vault in Hong Kong
Submitted by admin on Thu, 2025-06-26 19:49 Section: Daily DispatchesBy Yihui Xie and Sybilla Gross
Bloomberg News
Thursday, June 26, 2025
The Shanghai Gold Exchange has expanded outside mainland China for the first time, with the rollout of two new contracts and a bullion vault in Hong Kong.
The launch serves a number of purposes, from broadening the Shanghai bourse's international reach, to strengthening China's clout in commodity and currency markets and Hong Kong's status as a financial center.
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Copper faces historic squeeze with LME stockpiles depleting fast
Submitted by admin on Tue, 2025-06-24 15:43 Section: Daily DispatchesBy Mark Burton
Bloomberg News
Monday, June 23, 2025
One of the copper market's biggest-ever squeezes is unfolding on the London Metal Exchange, as rapidly declining inventories push up spot prices.
Spot copper traded at a $280-a-ton premium to three-month futures today, hitting the highest level seen since a record spike in 2021. The huge spot premium -- known as a backwardation -- signals a supply shortage, and it comes after a rapid drawdown in LME inventories over the past few months.
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Survey finds central banks want gold, euro, and yuan as dollar dominance wanes
Submitted by admin on Tue, 2025-06-24 09:21 Section: Daily DispatchesBy Yoruk Bahceli and Dhara Ranasinghe
Reuters
Tuesday, June 24, 2025
LONDON -- The custodians of trillions of dollars of global central bank reserves are eyeing a move away from the greenback into gold, the euro and China's yuan as the splintering of world trade and geopolitical upheaval spark a rethink of financial flows.
Agnico Eagle CEO sees only one reason to buy a gold stock
Submitted by admin on Mon, 2025-06-23 10:03 Section: Daily DispatchesBy Geoffrey Morgan and Jacob Lorinc
Bloomberg News
Monday, June 23, 2025
The head of one of the most valuable gold miners believes there's only one reason to buy a gold mining stock -- and too few companies in the industry are offering it to investors.
"The only reason you want to buy an equity is if it gives you a better return than just buying gold," Agnico Eagle Mines Ltd. Chief Executive Officer Ammar Al-Joundi said in an interview with Bloomberg.
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Germany and Italy are being pressed to bring $245 billion of gold home from U.S.
Submitted by admin on Mon, 2025-06-23 00:54 Section: Daily DispatchesBy Olaf Storbeck and Amy Kazmin
Financial Times, London
Monday, June 23, 2025
Germany and Italy are facing calls to move their gold out of New York following President Donald Trump's repeated attacks on the U.S. Federal Reserve and increasing geopolitical turbulence.
Fabio De Masi, a former Die Linke member of the European Parliament who joined the leftwing populist BSW party, told the Financial Times that there were "strong arguments" for relocating more gold to Europe or Germany "in turbulent times."
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20 years ago Peter George warned you not to expect gold to rise much tomorrow
Submitted by admin on Sun, 2025-06-22 22:58 Section: Daily Dispatches11p ET Sunday, June 22, 2025
Dear Friend of GATA and Gold:
Over the weekend financial writers were speculating that the price of gold would rise substantially Monday because of the U.S. attack on Iran's nuclear bomb-making infrastructure and the resulting international tensions. Longtime followers of GATA might have just laughed, figuring that gold would probably perform counterintuitively on account of surreptitious crisis intervention by central banks.
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