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Daily Dispatches

Sean Ring: Government-inspired naked shorting of futures holds silver down

Section: Daily Dispatches

By Sean Ring
The Rude Awakening
Paradigm Press, Baltimore
Wednesday, May 28, 2025

Why is one of the most useful metals on Earth, and a former pillar of the monetary system, still trading like it's 1999?

Asia's $7.5 trillion bet on U.S. assets is suddenly unravelling

Section: Daily Dispatches

By Ruth Carson, Masaki Kondo, Rebecca Choong Wilkins, and Diana Li
Bloomberg News
Tuesday, May 27, 2025

For decades, Asia's export powerhouses had a simple financial strategy: Sell goods to the United States, then invest the proceeds in American assets.

That model is now facing its biggest threat since the 2008 global financial crisis as Donald Trump tries to remake global trade and the U.S. economy -- upending the logic behind $7.5 trillion of investments from Asia. Some of the biggest money managers say an unwind is just getting started.

EU to delay Basel III bank rules pending Trump's deregulation moves, sources tell Reuters

Section: Daily Dispatches

By Francesco Canepa, Jan Strupczewski, and Giuseppe Fonte
Reuters
Thursday, May 22, 2025

FRANKFURT, Germany -- The European Union is set to delay new, global rules governing banks' trading again as it waits for more clarity about the U.S. administration's plans to deregulate its financial sector, sources told Reuters.

The Fundamental Review of the Trading Book is a key part the Basel III package devised in the wake of the global financial crisis but not yet implemented by Britain or the United States, two key financial centers.

Ultra-rich increasingly park gold in Singapore as global risks and Trump volatility rise

Section: Daily Dispatches

By Lee Ying Shan
CNBC, New York
Monday, May 26, 2025

The ultra-wealthy are increasingly moving their gold offshore as economic and geopolitical uncertainty roils markets -- and Singapore is emerging as a favored destination.

Not far from the city-state's airport sits a six-story facility covered in onyx and fortified by tight security. Tucked behind its steel doors are gold and silver bars amounting to about $1.5 billion.

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Trump is betting on bitcoin, not the dollar

Section: Daily Dispatches

Trump Media to Raise $2.5 Billion in Capital to Buy Bitcoin

By Monique Mulima
Bloomberg News
Tuesday, May 27, 2025

Trump Media & Technology Group Corp., the company behind Truth Social, said it plans to sell around $1.5 billion in stock and $1 billion in 0% convertible notes to buy Bitcoin for its treasury.

The company’s shares fell 9.2% at $23.38 in early trading after rallying premarket following a Financial Times report on its plans to raise capital to spend on cryptocurrencies.

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Shanghai Futures Exchange to open wider for foreigners to challenge London

Section: Daily Dispatches

By Lewis Jackson
Reuters
Tuesday, May 27, 2025

BEIJING -- The Shanghai Futures Exchange today released draft proposals to further open up domestic futures to overseas investors and brokers as part of an effort to help internationalize the renminbi.

China is the largest consumer of industrial metals by far, but much of the trade is priced by overseas benchmarks. The Shanghai exchange has long been working on plans to build its global presence and challenge the dominance of the rival London Metal Exchange.

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ECB's Lagarde says euro could be viable alternative to dollar

Section: Daily Dispatches

But she talks as if she has never heard of gold.

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From Al Jazeera, Doha, Qatar
Monday, May 26, 2025

The euro could become a viable alternative to the U.S. dollar as the global standard currency for international trade, according to European Central Bank President Christine Lagarde.

If you haven't gotten your GATA commemorative silver round yet, please donate today

Section: Daily Dispatches

12:43p ET Monday, May 26,  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.

China's largest gold miner expands into 'streaming' project finance

Section: Daily Dispatches

By William Sandlund, Cheng Leng, and Leslie Hook
Financial Times, London
Monday, May 26, 2025

China's largest gold miner, Zijin, is expanding into "streaming" of precious metals in a bid to secure more bullion supply at a time of skyrocketing prices. 

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