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Daily Dispatches
Craig Hemke: A lesson in open interest
Submitted by admin on Tue, 2025-07-29 18:34 Section: Daily DispatchesBy Craig Hemke
Sprott Money, Toronto
Tuesday, July 29, 2025
I've learned a few things while watching the Comrc precious metals every day for the past 15 years. One lesson involves the timing and scale of new contract issuance during price rallies, and all of us just got reminder of this last week.
Let's start with a matrix of sorts. What you see below isn't universally true, but if you watch and record the daily price and open interest (OI) changes for Comex gold and silver, you'll soon see that it's about 90% accurate.
David Jensen: LBMA warns about gold counterfeiting, but not its own
Submitted by admin on Sun, 2025-07-27 11:15 Section: Daily DispatchesBy David Jensen
JensenDavid.Substack.com
Saturday, July 26, 2025
The London Bullion Market Association is warning us about counterfeit precious metals with this helpful recent article, "The Silent Risk: Counterfeiting in Precious Metals":
https://www.lbma.org.uk/alchemist/issue-117/the-silent-risk-counterfeiting-in-precious-metals
The LBMA's article contains nuggets such as this:
Phillip Streible: The manipulator behind sub-$40 silver
Submitted by admin on Sun, 2025-07-27 11:06 Section: Daily DispatchesBy Phillip Streible
Kitco News, Montreal
Friday, July 25, 2025
The timing seemed almost too perfect.
On Wednesday silver was nearing the elusive price of $40 per ounce, while gold futures were on the verge of another breakout attempt. However, the largest manipulator of the silver market intervened, preventing this from happening.
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What happened to Trump's idea of inspecting the gold at Fort Knox?
Submitted by admin on Sat, 2025-07-26 12:10 Section: Daily Dispatches12:12p ET Saturday, July 26, 2025
Dear Friend of GATA and Gold:
Noel Lorenzana, a certified public accountant in Morton Grove, Illinois, who operates a channel at YouTube, this week called attention to the disappearance of the story about President Trump's desire to inspect the gold vaults at Fort Knox.
Trump says strong dollar sounds good but 'you make a lot more' with a weaker one
Submitted by admin on Sat, 2025-07-26 09:32 Section: Daily DispatchesBy Maiya Keidan
Reuters
via Yahoo News, Sunnyvale, California
Friday, July 25, 2025
WASHINGTON -- President Donald Trump said today he liked a strong dollar but "you make a hell of a lot more money" with a weaker one.
"So when we have a strong dollar, one thing happens: It sounds good. But you don't do any tourism. You can't sell tractors, you can't sell trucks, you can't sell anything," Trump said at the White House before leaving on a trip to Scotland.
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China and BRICS are taking control of gold and silver away from London and New York, Maguire tells LFTV
Submitted by admin on Fri, 2025-07-25 19:34 Section: Daily Dispatches7:33p ET Friday, July 25, 2025
Dear Friend of GATA and Gold:
London metals trader Andrew Maguire goes solo this week on Kinesis Money's "Live from the Vault," explaining how China and the BRICS nations are taking control of gold and silver prices with a new international financial settlement system that is tariff- and sanction-proof. The BRICS preparations, Maguire says, are already draining real metal from the London and New York "paper" markets, while central bank gold purchases are continuing to raise gold prices in an orderly "stairstep" pattern.
BIS gold swaps rose slightly in June, showing central banks still intervene surreptitiously
Submitted by admin on Fri, 2025-07-25 11:21 Section: Daily Dispatches11:23a ET Friday, July 25, 2025
Dear Friend of GATA and Gold:
GATA consultant Robert Lambourne reports today that the gold swaps undertaken by the Bank for International Settlements changed little in June, rising by 2 tonnes over the swaps on the bank's books in May, going from 32 up to 34 tonnes.
The increase isn't ever made explicit by the BIS but it can be calculated from the bank's monthly statements of account, and the June statement was published yesterday:
Play silver's breakout by donating to GATA
Submitted by admin on Fri, 2025-07-25 11:14 Section: Daily Dispatches11:13a ET Friday, July 25, 2025
Dear Friend of GATA and Gold:
Like gold, silver now seems to be breaking out of its longstanding derivatives clutches engineered by the U.S. government and its investment bank agents. But this largely surreptitious manipulation of the monetary metals markets hasn't been overthrown yet.
Australian miner Northern Star drops gold hedging to cash in on rising price
Submitted by admin on Fri, 2025-07-25 09:01 Section: Daily DispatchesBy Mark Wembridge
Australian Financial Review
Thursday, July 24, 2025
Northern Star Resources has axed its forward hedging policy to take advantage of the soaring gold price, as it grapples with problems at its Super Pit mine in Kalgoorlie that have curbed production and increased costs.
Jesse Colombo: How the gold-silver ratio predicted silver's surge
Submitted by admin on Thu, 2025-07-24 17:26 Section: Daily DispatchesBy Jesse Colombo
TheBubbleBubble.Substack.com
Thursday, July 24, 2025
I wanted to share an update highlighting a fascinating development -- and the successful confirmation of a theory I proposed during the bleak days of early April:
https://thebubblebubble.substack.com/p/gold-and-silver-market-update-everything
That was when silver, along with most financial markets, plunged following President Trump's surprising "Liberation Day" tariff announcement.
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