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Daily Dispatches

Fed says it will slow balance sheet runoff process

Section: Daily Dispatches

By Michael S. Derby
Reuters
Wednesday, March 19, 2025

WASHINGTON -- The Federal Reserve said today that starting next month it will slow the pace of its balance sheet drawdown amid an ongoing impasse over lifting the government's borrowing limit, a shift that will likely hold for the remainder of the process.

Alasdair Macleod: The gold leasing scam is over

Section: Daily Dispatches

This analysis was published Wednesday in Alasdair Macleod's financial letter at Substack and is republished 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:

Jeremy Warner: Pity Gordon Brown, who sacrificed Britain's riches

Section: Daily Dispatches

By Jeremy Warner
The Telegraph, London
Wednesday, March 19, 2025

Poor old Gordon Brown. There were many positives about his time as Chancellor, which compared with today seems like a golden age of above-trend growth, tame inflation and relative stability in the public finances.

He was also instrumental in keeping the UK out of the euro, and played a key role in galvanising a global response to the financial crisis, thereby arguably preventing the world economy from sliding into a second great depression.

GoldCore's Jan Skoyles: Comex may be dissociating from London to bolster its solvency

Section: Daily Dispatches

8:22p ET Tuesday, March 18, 2025

Dear Friend of GATA and Gold:

GoldCore's Jan Skoyles today expresses skepticism about the routine explanation offered by CME Group for the termination of four monetary metals futures contracts on its New York Commodities Exchange, three of them linked to trading in London.

GATA reported the changes this morning:

https://www.gata.org/node/23713

Utah has invested $60 million in gold. Here's how the state would use it

Section: Daily Dispatches

By Robert Gehrke
The Salt Lake Tribune, Salt Lake City, Utah
Monday, March 18, 2025

Sitting in a vault on Salt Lake City's west side is a bit of Utah treasure -- $60 million in gold purchased over the course of the last several months, part of a minor gold rush led by state Rep. Ken Ivory.

Trump has transformed the Oval Office -- with gold everywhere

Section: Daily Dispatches

By Joe Sommerlad
The Independent, London
Monday, March 17, 2025

Donald Trump's first eight weeks back in the White House have been a whirlwind but the president has still found time for one of his passions: interior decoration.

Not content with firing out executive orders, raising and lowering tariffs, and unnerving the stock markets and America's allies alike, the president has been busy redesigning the Oval Office, ensuring its furnishings, fixtures, and ornaments are more in-keeping with his personal taste.

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CME Group terminates four monetary metals futures contracts for lack of activity

Section: Daily Dispatches

9:38a ET Monday, March 17, 2025

Dear Friend of GATA and Gold (and Silver):

CME Group, operator of the major futures markets in the United States, announced Friday the termination of three gold-related and one silver-related futures contracts: gold kilo futures, London spot gold futures, London spot silver futures, and cleared OTC London gold forwards:

https://www.cmegroup.com/content/dam/cmegroup/notices/ser/2025/03/ser-9515.pdf

Ed Steer: Non-stop manic activity in gold and silver

Section: Daily Dispatches

7p ET Sunday, March 16, 2025

Dear Friend of GATA and Gold (and Silver:

The weekend edition of GATA board member Ed Steer's Gold and Silver Digest letter, headlined "Non-Stop Manic Activity in Gold and Silver," has been posted in the clear at GoldSeek's companion site, SilverSeek, here:

https://silverseek.com/article/non-stop-manic-activity-gold-silver

Stuart Englert: Goldbugs vs. silverites

Section: Daily Dispatches

1:18p ET Sunday, March 16, 2025

Dear Friend of GATA and Gold (and Silver):

Friends of monetary gold and friends of monetary silver were not always friends with each other in the United States, financial writer Stuart Englert recalls in an essay today. 

A century and a half ago they were opponents as the country contended over whether to continue the bimetallism outlined in the Constitution or to demonetize silver and adopt a gold standard.

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Mining executive and market analyst Jensen says silver market seems about to break

Section: Daily Dispatches

9:25a ET Saturday, March 15, 2025

Dear Friend of GATA and Gold (and Silver):

Mining company executive and market analyst David Jensen, interviewed this week for Sprott Money by the TF Metals Report publisher Craig Hemke, discusses physical silver flows and silver leasing and argues that the silver market is under great strain just as the gold market is and seems about to break.

The interview is 28 minutes long and can be viewed at YouTube here:

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