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Daily Dispatches
Silver is going up so get your GATA commemorative silver round while it's still cheap
Submitted by admin on Sun, 2025-06-08 21:12 Section: Daily Dispatches9:16p ET Sunday, June 8, 2025
Dear Friend of GATA and Gold:
If helping GATA defeat monetary metals price suppression isn't quite enough of a reason for you to support us financially, there's another one.
That is, silver shows signs of breaking out as gold already has done and donations of $250 or more entitle donors to a 1-ounce silver round commemorating GATA's work. Bbefore long your GATA silver round may pay for itself.
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Weekend edition of Ed Steer's Gold and Silver Digest posted at SilverSeek
Submitted by admin on Sun, 2025-06-08 20:20 Section: Daily Dispatches8:20p ET Sunday, June 8, 2025
Dear Friend of GATA and Gold:
The weekend edition of GATA board member Ed Steer's Gold and Silver Digest letter, headlined "COT Report: The Big 8 Shorts Took the Bullet," is posted in the clear at SilverSeek here:
https://silverseek.com/article/cot-report-big-8-shorts-took-bullet
Jim Rickards: The truth about Fort Knox and gold leasing
Submitted by admin on Sun, 2025-06-08 17:58 Section: Daily DispatchesIt's the issue that can't be discussed without exploding the (corrupt) world financial system.
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By James G. Rickards
The Daily Reckoning, Baltimore
Saturday, June 7, 2025
Whatever happened to the Donald Trump and Elon Musk visit to Fort Knox?
You'll recall the buzz from earlier this year. Trump and Musk loudly announced they were going to visit the U.S. bullion depository at Fort Knox, Kentucky, to make sure the U.S. gold was actually there. The press was invited to tag along.
Michael Lynch: Comex's biggest silver short is suddenly absent ... and silver breaks out
Submitted by admin on Sat, 2025-06-07 15:13 Section: Daily DispatchesBy Michael Lynch
Econanalytics.Substack.com
Saturday, June 7, 2025
In Comex silver trading this week 684 new contracts (3.4 million ounces) were written and 704 delivery notices were issued. News flash: NONE of those delivery notices were from the HSBC "customer" account that I have been calling out for more than a year.
New York Sun: The logic of auditing America's gold
Submitted by admin on Sat, 2025-06-07 14:14 Section: Daily DispatchesFrom The New York Sun
Saturday, June 7, 2025
https://www.nysun.com/article/the-logic-of-auditing-americas-gold
The Sun is happy to endorse the legislation introduced in the House in respect of America's gold. The measure -- the Gold Reserve Transparency Act -- would create an audit of gold held at Fort Knox and other sites where America's monetary metal is supposed to be stored.
China's central bank extends gold-buying streak for seventh month
Submitted by admin on Sat, 2025-06-07 10:41 Section: Daily DispatchesFrom Bloomberg News
via The Edge, Petaling Jaya, Malaysia
Saturday, June 7, 2025
China's central bank expanded its gold reserves for a seventh straight month in May, furthering its bid to diversify holdings despite ongoing price fluctuations.
The People's Bank of China added 60,000 troy ounces of the metal to its reserves last month, taking the total to 73.83 million fine troy ounces, according to data released today.
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Central banks aren't out of the gold market rigging business yet
Submitted by admin on Sat, 2025-06-07 09:13 Section: Daily Dispatches9:17a ET Saturday, June 7, 2025
Dear Friend of GATA and Gold:
While central banks lately have seemed to be losing their decades-long war against gold, or even coming over to the gold side, they are still secretly intervening in the market for purposes they won't explain.
That conclusion has to be drawn from the latest report from Robert Lambourne, GATA's consultant on the Bank for International Settlements. Lambourne said Friday that the May statement of account from the BIS, published this week --
New gold audit legislation targets everything, including leases and swaps
Submitted by admin on Fri, 2025-06-06 11:04 Section: Daily DispatchesAsking about gold swaps and leases, as Jim Rickards said in March, risks "tampering with the primal forces." Well, "primal forces," here we come again.
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Members of Congress Introduce Comprehensive U.S. Gold Audit Legislation
By Jp Cortez
Sound Money Defense League
Friday, June 6, 2025
Canadians snap up gold bars and coins amid stock and bond market turmoil
Submitted by admin on Fri, 2025-06-06 10:25 Section: Daily DispatchesBy Meera Raman
The Globe and Mail, Toronto
Thursday, June 5, 2025
At first glance, a one-ounce gold bar doesn't look like much -- it's about the size of a loonie. But pick it up and you'll feel the difference. It's heavy, about 19 times denser than water and nearly twice as dense as steel.
In uncertain times, that weight carries more than just physical heft. For many Canadians, it represents stability -- something dollars or digital assets can't always guarantee.
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Shuli Ren: Hong Kong has all but abandoned the dollar peg
Submitted by admin on Thu, 2025-06-05 07:49 Section: Daily DispatchesBy Shuli Ren
Bloomberg News
Wednesday, June 4, 2025
Interest rates in Hong Kong have been eerily low, raising the question of whether the city’s dollar peg is now in name only.
Hong Kong surrendered its monetary autonomy decades ago, thanks to a unique mechanism that restricts its currency fluctuation to a narrow band of 7.75 and 7.85 per dollar. That means the city's borrowing costs move in lockstep with those in the United States, which are dictated by the Federal Reserve's rate policies.
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