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Daily Dispatches

Ed Steer: 'Da boyz' carpet-bomb the precious metals

Section: Daily Dispatches

11:32a ET Sunday, October 19, 2025

Dear Friend of GATA and Gold:

The weekend edition of GATA board member Ed Steer's Gold and Silver Digest is headlined "'Da Boyz' Carpet-Bomb the Precious Metals" and is posted in the clear at SilverSeek here:

https://silverseek.com/article/da-boyz-carpet-bomb-precious-metals

Gold's historic rally comes with a bonus for emerging markets

Section: Daily Dispatches

By Selcuk Gokoluk
Bloomberg News
via Yahoo News, Sunnyvale, California
Sunday, October 19, 2025

A relentless surge in the price of gold is delivering windfalls across emerging markets, boosting investor confidence in countries that mine and buy the metal.

In South Africa, home to the world's deepest gold mines, stocks are on track for the best year in two decades, with shares of miners like Sibanye Stillwater, AngloGold Ashanti, and Gold Fields tripling in value. 

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Tokens of love, keepsakes, and mementos are melted down in the rush to cash in

Section: Daily Dispatches

By Dionne Searcey
The New York Times
Sunday, October 19, 2025

https://www.nytimes.com/2025/10/19/nyregion/diamond-district-gold-rush.html

The lights weren't even on yet at Bullion Exchanges in Midtown Manhattan, but a customer was already standing outside, holding a crumpled Target bag stuffed with what she hoped were valuable treasures.

Time Magazine: The new gold rush

Section: Daily Dispatches

By Charlie Campbell
Time Magazine, New York
via Yahoo News, Sunnyvale, California
Wednesday, October 15, 2025

KUMASI, Ghana -- Drive an hour south of Kumasi, Ghana’s bustling second city, and before long the dense jungle gives way to denuded hills peppered with rickety timber frames. On every slope, gumbooted workers shovel the tawny earth down to muddy pools in the furrows, from whence the sludge is pumped to the frame’s zenith to gush down a shallow ramp lined with webbed plastic matting. At the base, more workers sweep the outflow with metal detectors.

Sold out in India, panic in London: How the silver market broke

Section: Daily Dispatches

By Sybilla Gross, Preeti Soni, Jack Ryan, Yvonne Yue Li, and Jack Farchy
Bloomberg News
via NDTV, Mumbai, India
Saturday, October 18, 2025

For months, Vipin Raina had been bracing for a stampede of buying from Indian customers loading up on silver to honor the Hindu goddess of wealth.

But when it came, he was still blown away. At the start of last week, his company, India's largest precious metals refinery, ran out of silver stock for the first time in its history.

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India central bank's gold reserves top $100 billion on surging prices

Section: Daily Dispatches

By Nimesh Vora and Rajendra Jadhav
Reuters
Friday, October 17, 2025

MUMBAI -- India's gold reserves crossed the $100 billion mark for the first time, according to the Reserve Bank of India's latest foreign exchange reserves data, buoyed by a global price rally even as the central bank's purchases slowed sharply this year.

India's gold holdings rose by $3.595 billion to $102.365 billion in the week through October 10, RBI data showed today, while overall foreign exchange reserves declined $2.18 billion to $697.784 billion.

Alasdair Macleod: Fear of missing out with gold and silver

Section: Daily Dispatches

By Alasdair Macleod
GoldMoney, Toronto
Friday, October 17, 2025

The question facing dealers in precious metals is whether gold, silver, and platinum group metals have become Giffin goods. If so, further rises will create new demand with sellers retreating.

Michael Lynch: Who thinks retail has pushed gold's market cap up by $12 trillion this year?

Section: Daily Dispatches

The Run on Physical Gold Accelerates

By Michael Lynch
Econanalytics.substack.com
Friday, October 17, 2025

Yesterday 3,878 new contracts (12 tonnes) were written on the October contract. Since the October contract is in the delivery period, this activity is for physical metal to be delivered by the end of the month. 

That one-day buy is just 19 shy of the single-day record, which was set this year during the February contract.

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Silver squeeze grips London market as China limits exports, Maguire tells LFTV

Section: Daily Dispatches

12:33p ET Friday, October 17, 2025

Dear Friend of GATA and Gold (and Silver):

On this week's edition of Kinesis Money's "Live from the Vault" program, London metals trader Andrew Maguire says the London market is losing control of the silver price to China, which is limiting silver exports. 

London has virtually no physical silver for immediate delivery, Maguire says, and the short squeeze there has begun.

The program is 43 minutes long and can be viewed at YouTube here:

'More buyers than sellers'? No, fewer but much bigger buyers

Section: Daily Dispatches

Asked by a CNBC reporter what's behind the rise in gold, U.S. Treasury Secretary Scott Bessent replied that "there are more buyers than sellers."

-- MarketWatch, Thursday, October 16, 2025
https://www.marketwatch.com/story/the-hot-topic-at-the-imf-meetings-is-the-price-of-gold-could-it-help-put-a-lid-on-prices-6c354b29

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10:10p ET Thursday, October 16, 2025

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