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Daily Dispatches
Deutsche Bank sees risk of U.S. dollar losing safe-haven status
Submitted by admin on Tue, 2025-03-04 16:00 Section: Daily DispatchesFrom Bloomberg News
Tuesday, March 3, 2025
The U.S. dollar may lose its traditional safe-haven status as global markets adjust to a new geopolitical order, according to Deutsche Bank AG.
"We do not write this lightly. But the speed and scale of global shifts are so rapid that this needs to be acknowledged as a possibility," said George Saravelos, the bank's global head of FX strategy, in a note to clients. "It is hard to overestimate the scale of change taking place in global economic and geopolitical relations in a matter of days."
An appeal to Canada on behalf of a dirty business: individual liberty
Submitted by admin on Tue, 2025-03-04 15:09 Section: Daily DispatchesIllustrations for this presentation are posted here:
https://www.gata.org/sites/default/files/Powell%20GATA%20Toronto%202025.pdf
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Illustration 1 -- Introduction
Remarks by Chris Powell
Secretary/Treasurer, Gold Anti-Trust Action Committee Inc.
Laura Stein / GATA Reception and Dinner
Toronto, Ontario, Canada
Monday, March 3, 2025
Ladies and gentlemen and everyone else.
Please help GATA stay in the fight until victory
Submitted by admin on Tue, 2025-03-04 14:50 Section: Daily Dispatches2:50p ET Tuesday, March 4, 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.
Gold price suppression is almost a respectable topic now, even if GATA is still not respectable enough to get mentioned by mainstream financial news organizations even as we pummel them every day with evidence of their dishonesty.
Jim Rickards: Gold's historic rally
Submitted by admin on Mon, 2025-03-03 14:35 Section: Daily DispatchesBy James Rickards
The Daily Reckoning, Baltimore
Friday, February 28, 2025
Even casual observers know that gold has been trading near all-time highs lately. The dollar price of gold has been trading around $2,955 per ounce, quite close to the all-time closing high and near the recent intraday high just below $3,000 per ounce. Since November 1, 2022, gold has rallied from $1,650 per ounce to $2,955 per ounce, an 80% gain in 28 months.
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Toronto exchange's mining dominance under threat as explorers exit
Submitted by admin on Mon, 2025-03-03 09:51 Section: Daily DispatchesBy Jacob Lorinc
Bloomberg News
via Yahoo News, Sunnyvale, California
Monday, March 3, 2025
Toronto's claim as the top mining hub is under threat as exploration companies leave Canada and listings dwindle on the nation's resource-heavy stock exchange.
Canada's once-thriving mining industry is facing challenges to its decades-old model, in which explorers and developers woo investors with promises of mining breakthroughs and established producers feed on their success, swallowing them in lucrative takeovers.
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Citigroup erroneously credited client account with $81 trillion in 'near miss'
Submitted by admin on Fri, 2025-02-28 11:26 Section: Daily DispatchesStephen Gandel and Joshua Franklin
Financial Times, London
Friday, February 28, 2025
Citigroup credited a client's account with $81 trillion when it meant to send only $280, an error that could hinder the bank’s attempt to persuade regulators that it has fixed long-standing operational issues.
The erroneous internal transfer, which occurred last April and has not been previously reported, was missed by both a payments employee and a second official assigned to check the transaction before it was approved to be processed at the start of business the following day.
Dave Kranzler: March silver contract deliveries could get interesting
Submitted by admin on Thu, 2025-02-27 16:45 Section: Daily DispatchesBy Dave Kranzler
Mining Stock Journal
Thursday, Febraruy 27, 2025
Right now there's 109 million ounces worth of Comex March silver contracts standing for delivery. This is 90% of the registered inventory of silver in the vaults and 27% of the total amount of silver in Comex vaults.
Those are big numbers. But it's irrelevant if the entities taking delivery do not remove their silver from Comex vaults.
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Alasdair Macleod: China suppressed silver to accumulate more, using Morgan as broker
Submitted by admin on Tue, 2025-02-25 20:11 Section: Daily DispatchesThis analysis was published today in Alasdair Macleod's financial letter at Substack and is reposted here by his kind permission. Macleod's letter is published every few days and a seven-day free trial subscription is available. Rates are $10 per month or $120 per year. To subscribe, please visit:
https://alasdairmacleod.substack.com/
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But China is probably not doing it any longer.
By Alasdair Macleod
Tuesday, February 25, 2025
New Wyoming law will establish strategic gold reserve
Submitted by admin on Tue, 2025-02-25 09:16 Section: Daily DispatchesBy Jp Cortez
Money Metals News Service
Monday, February 24, 2025
A groundbreaking bill to establish a strategic gold reserve has just become law in Wyoming.
Senate File 96 -- also known as the Wyoming Gold Act -- requires the Wyoming treasurer to diversify the state's holdings by acquiring no less than $10 million in "specie and specie legal tender" as part of the state's Permanent Mineral Trust Fund.
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Paul Brownstein: Fuse meets keg at the LBMA
Submitted by admin on Tue, 2025-02-25 08:43 Section: Daily DispatchesBy Paul Brownstein
Charts and Parts
Tuesday, February 25, 2025
The cracks in the London Bullion Market Association are now undeniable. In "LBMA: De Facto Default,"
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