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Daily Dispatches
India's leader urges people to stop buying gold as Asia scrambles for energy
Submitted by admin on Sun, 2026-05-10 22:25 Section: Daily DispatchesFrom the Australian Broadcasting Corp., Sydney
Sunday, May 10, 2026
Indian Prime Minister Narendra Modi has appealed to the country's 1.4 billion people to work from home, avoid travel, and stop buying gold, as the Iran war continues to send energy costs soaring.
Modi today called for a return to work-from-home arrangements and online meetings, measures adopted during the COVID-19 pandemic.
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Trump muses vacantly again about whether gold remains in Fort Knox
Submitted by admin on Sun, 2026-05-10 15:04 Section: Daily DispatchesNo mention of leases, swaps, and other market interventions ... and no follow-up questions.
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Trump Still Wants to Visit Fort Knox to Confirm Gold Has Not Been Stolen
By Ryan King
New York Post
Sunday, May 10, 2026
President Trump believes this is his golden opportunity.
The president revealed that he's still eager to crack open Fort Knox and personally ensure that the nation's gold reserve -- valued at nearly $700 billion -- is still in the highly secure bullion depository following an uproar about it last year.
Ed Steer: The silver stocks' big rally is crushed immediately
Submitted by admin on Sun, 2026-05-10 10:55 Section: Daily Dispatches10:54a ET Sunday, May 10, 2026
Dear Friend of GATA and Gold:
The weekend edition of GATA board member Ed Steer's Gold and Silver Digest letter, headlined "The Silver Stocks' Big Rally Is Crushed Immediately," is posted in the clear at SilverSeek here:
https://silverseek.com/article/silver-stocks-big-rally-crushed-immediately
Japan to keep intervening to defend 160-per-dollar level, ex-BOJ official says
Submitted by admin on Fri, 2026-05-08 09:56 Section: Daily DispatchesBy Leika Kihara
Reuters
Thursday, May 7, 2026
TOKYO -- Japan likely intervened during the Golden Week holidays and will step back into the market if the yen renews its slide below the psychologically key 160-per-dollar level, Atsushi Takeuchi, a former central bank official who took part in Tokyo's market forays a decade ago, told Reuters.
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Alasdair Macleod: Is the silver bull back?
Submitted by admin on Fri, 2026-05-08 09:48 Section: Daily DispatchesBy Alasdair Macleod
GoldMoney, Toronto
Friday, May 8, 2026
Notably in silver, bear squeeze conditions were evident this week. The likelihood of the bull market returning is now strengthened, particularly given gold's improving prospects.
The classic conditions for a bear squeeze are a combination of bearish trader consensus and an unexpected rise in the price, leading to shorts being squeezed into buying back their positions. That's a reasonable description of market developments this week. ...
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Real metal keeps moving to Shanghai, silver severely underpriced, Maguire tells LFTV
Submitted by admin on Thu, 2026-05-07 21:08 Section: Daily Dispatches9p ET Thursday, May 7, 2026
Dear Friend of GATA and Gold (and Silver):
Answering viewer questions on this week's edition of Kinesis Money's "Live from the Vault" program, London metals trader Andrew Maguire says physical gold and silver trading continues to move away from New York and London to Shanghai, Shanghai prices show silver is severely underpriced in the West, and a spike in silver prices is imminent.
The program is 41 minutes long and can be viewed at the Kinesis Money channel at YouTube here:
Hungary returns to Ukraine a seized cash and gold shipment worth $82 million
Submitted by admin on Wed, 2026-05-06 19:51 Section: Daily DispatchesBy Justin Spike
Associated Press
Wednesday, May 6, 2026
BUDAPEST, Hungary -- A shipment of Ukrainian cash and gold worth around $82 million that Hungary seized earlier this year has been returned to Ukraine's state Oschadbank, President Volodymyr Zelenskyy said today.
Standstill in India's gold imports drags on, threatening supply
Submitted by admin on Wed, 2026-05-06 10:57 Section: Daily DispatchesBy Preeti Soni, Yihui Xie, and Vignesh Radhakrishnan
Bloomberg News
via The Times of India, Mumbai
Wednesday, May 6, 2026
Indian banks have been unable to import gold and silver for five weeks, an unusually long halt that’s pushing up domestic prices and threatening shortages in the world's second-biggest bullion market.
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David Fickling: China's defiance of sanctions heralds a post-dollar world
Submitted by admin on Wed, 2026-05-06 08:52 Section: Daily DispatchesBy David Fickling
Bloomberg News
Tuesday, May 5, 2026
The fight over U.S. sanctions on China's oil refining companies is being framed as a battle over high principles. In fact, it's about raw power.
Beijing on Saturday ordered five domestic refiners to ignore U.S. restrictions announced last month over their alleged connection to trade in Iranian oil. Those clashing legal mandates potentially create a damned-if-you-do, damned-if-you-don't situation for the firms, and for any banks, insurers, chemicals groups, and shipping lines that deal with them.
Alasdair Macleod: Why does gold fall as the world cracks up?
Submitted by admin on Wed, 2026-05-06 08:22 Section: Daily Dispatches8:23a ET Wednesday, May 6, 2026
Dear Friend of GATA and Gold:
In his financial newsletter yesterday, economist and monetary metals advocate Alasdair Macleod addressed a mystery recently haunting gold investors.
He begins: "Why goes the gold price fall when war risk increases, and rise when tension relieves? And if oil goes up, why is that bad for gold? This is the opposite of what should happen."
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