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Daily Dispatches
Alasdair Macleod: Game on for gold and silver
Submitted by admin on Fri, 2025-10-31 14:51 Section: Daily DispatchesBy Alasdair Macleod
GoldMoney, Toronto
Friday, October 31, 2025
Despite recent weakness in gold and silver, the early indications are that the current consolidation phase is unlikely to last long before prices resume their uptrend.
It may be too early to conclude that after the shakeout of the last two weeks we have seen the bottom in gold and silver prices. But current physical liquidity constraints and the reasons for buying gold and silver have not gone away, suggesting that prices are being set up for another run higher.
You don't have to know what it means to miss New Orleans, so join GATA there
Submitted by admin on Fri, 2025-10-31 14:40 Section: Daily Dispatches1:40p CT Friday, October 31, 2025
Dear Friend of GATA and Gold (and Silver):
In 1947 Billie Holiday and Louis Armstrong asked the musical question: Do you know what it means to miss New Orleans?:
BIS gold swaps rose 24 tonnes in September but trend remains sharply down
Submitted by admin on Fri, 2025-10-31 13:51 Section: Daily Dispatches1p CT Friday, October 31, 2025
Dear Friend of GATA and Gold:
Gold swaps undertaken by the Bank for International Settlements, a major gold broker for central banks, increased 24 tonnes in September, from 30 tonnes to 54, GATA's consultant on the bank, Robert Lambourne, reports.
Lambourne calculated the BIS' swaps volume from the bank's September statement of account, which was published today:
Ambrose Evans-Pritchard: Is the Fed quietly abetting a reckless monetary and fiscal boom?
Submitted by admin on Thu, 2025-10-30 22:40 Section: Daily DispatchesBy Ambrose Evans-Pritchard
The Telegraph, London
Thursday, October 30, 2025
If you thought quantitative easing was dead and buried, you may soon be in for a shock.
The U.S. Federal Reserve is preparing the ground for a rapid return to net bond purchases, deeming it necessary to ensure sufficient liquidity for the financial system.
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China targets iron ore in its fight to dethrone the dollar
Submitted by admin on Thu, 2025-10-30 22:32 Section: Daily DispatchesFrom OilPrice.com, London
Wednesday, October 29, 2025
In a landmark move that could reshape global commodity markets and impact iron ore prices, BHP Billiton has agreed to settle 30% of its iron ore spot trades with Chinese buyers in Chinese yuan. This represents a significant departure from the longstanding U.S. dollar standard. Set to begin in Q4 2025, the shift marks a strategic pivot in Australia-China trade relations. It also signals China's growing influence in global pricing mechanisms.
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Ohio legislators propose state currency backed by silver and gold
Submitted by admin on Wed, 2025-10-29 19:16 Section: Daily DispatchesBy Katie Millard
WCMH-TV4, Columbus, Ohio
Wednesday, October 29, 2025
Ohioans could soon buy their groceries or morning coffee with silver and gold instead of the American dollar.
House Bill 206, introduced by Reps. Jennifer Gross, R-West Chester, and Riordan McClain, R-Ashland, would establish a state currency based on gold and silver. The bill directs the state treasurer to set up a transactional currency rooted in silver and gold to address concerns with the value of the U.S. dollar.
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India's central bank hastens repatriation of gold held abroad
Submitted by admin on Wed, 2025-10-29 10:56 Section: Daily DispatchesFrom Bloomberg News
via The Hindu, Chennai, India
Wednesday, October 29, 2025
The Reserve Bank of India brought back nearly 64 tons of gold in the first six months of the financial year that began in April, it said in a half-yearly report on foreign exchange reserves Tuesday.
In value terms, gold accounted for 13.92% of total reserves at the end of September, up from 11.70% at the end of March. The RBI generally keeps part of its gold overseas, held at the Bank of England and the Bank for International Settlements.
Russians are hoarding gold equal to Spain's reserves, study shows
Submitted by admin on Wed, 2025-10-29 09:38 Section: Daily DispatchesBy Andrey Biryukov
Bloomberg News
Wednesday, October 19, 2025
Russian consumers' gold purchases are set to equal the state reserves of Spain or Austria after the metal has become one of the nation's most popular savings options during the past four years, according to a study.
Craig Hemke at Sprott Money: More hints of what's coming for gold
Submitted by admin on Tue, 2025-10-28 18:41 Section: Daily DispatchesBy Craig Hemke
Sprott Money, Toronto
Tuesday, October 28, 2025
In an interview last week, the U.S. secretary of treasury made an odd statement that was simultaneously ignored and discarded. We caught it, though, and you should again be made aware of what it foreshadows.
And what was that odd statement from Secretary Bessent?
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Inquiring minds want to know, but mainstream financial journalists don't
Submitted by admin on Tue, 2025-10-28 12:52 Section: Daily Dispatches12:55p ET Tuesday, October 28, 2025
Dear Friend of GATA and Gold:
Today's Bloomberg News story about the South Korean central bank's consideration of adding to its gold reserves --
-- missed a major irony.
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