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Daily Dispatches
Central banks aren't out of the gold market rigging business yet
Submitted by admin on Sat, 2025-06-07 09:13 Section: Daily Dispatches9:17a ET Saturday, June 7, 2025
Dear Friend of GATA and Gold:
While central banks lately have seemed to be losing their decades-long war against gold, or even coming over to the gold side, they are still secretly intervening in the market for purposes they won't explain.
That conclusion has to be drawn from the latest report from Robert Lambourne, GATA's consultant on the Bank for International Settlements. Lambourne said Friday that the May statement of account from the BIS, published this week --
New gold audit legislation targets everything, including leases and swaps
Submitted by admin on Fri, 2025-06-06 11:04 Section: Daily DispatchesAsking about gold swaps and leases, as Jim Rickards said in March, risks "tampering with the primal forces." Well, "primal forces," here we come again.
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Members of Congress Introduce Comprehensive U.S. Gold Audit Legislation
By Jp Cortez
Sound Money Defense League
Friday, June 6, 2025
Canadians snap up gold bars and coins amid stock and bond market turmoil
Submitted by admin on Fri, 2025-06-06 10:25 Section: Daily DispatchesBy Meera Raman
The Globe and Mail, Toronto
Thursday, June 5, 2025
At first glance, a one-ounce gold bar doesn't look like much -- it's about the size of a loonie. But pick it up and you'll feel the difference. It's heavy, about 19 times denser than water and nearly twice as dense as steel.
In uncertain times, that weight carries more than just physical heft. For many Canadians, it represents stability -- something dollars or digital assets can't always guarantee.
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Shuli Ren: Hong Kong has all but abandoned the dollar peg
Submitted by admin on Thu, 2025-06-05 07:49 Section: Daily DispatchesBy Shuli Ren
Bloomberg News
Wednesday, June 4, 2025
Interest rates in Hong Kong have been eerily low, raising the question of whether the city’s dollar peg is now in name only.
Hong Kong surrendered its monetary autonomy decades ago, thanks to a unique mechanism that restricts its currency fluctuation to a narrow band of 7.75 and 7.85 per dollar. That means the city's borrowing costs move in lockstep with those in the United States, which are dictated by the Federal Reserve's rate policies.
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Brien Lundin: A great new novel about gold market manipulation
Submitted by admin on Wed, 2025-06-04 18:13 Section: Daily DispatchesNow if only mainstream financial news organizations, toadies of the government, would report the ordinary facts about it:
https://www.gata.org/node/20925
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By Brien Lundin
Gold Newsletter / Golden Opportunities
Wednesday, June 4, 2025
https://goldnewsletter.com/go062425/
I just finished reading a fascinating new novel based on a global manipulation of the gold market: "The Last Hamilton" by Jenn Bregman.
Central banks have every reason to keep buying in gold market
Submitted by admin on Wed, 2025-06-04 07:52 Section: Daily DispatchesFrom Bloomberg News
Tuesday, June 3, 2025
Central banks have emerged as a driving force behind the record-breaking bull market for gold, and while the true scale of their buying is shrouded in mystery, nobody expects them to stop.
Globally, they are accumulating roughly 80 metric tons of gold a month, worth about $8.5 billion at current prices, analysts at Goldman Sachs estimate. Most of the buying is secret, although trade data indicates China accounts for a lot of the purchases, along with other unidentified buyers via Switzerland.
Sprott Money's Andrew Sleigh says it's still 'buy the dip' as manipulation weakens
Submitted by admin on Tue, 2025-06-03 21:51 Section: Daily Dispatches9:52p ET Tuesday, June 3, 2025
Dear Friend of GATA and Gold (and Silver):
Sprott Money's Andrew Sleigh, interviewed by his colleague Kellen Ainey, says suppression of gold and silver prices by bullion banks continues but is far less effective and has much less duration lately, in part because the bullion banks are using their own price smashing in the futures market to acquire actual metal at lower prices.
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Craig Hemke interviews Dave Morgan: Can silver go higher or is it stuck?
Submitted by admin on Sat, 2025-05-31 11:53 Section: Daily DispatchesBy Craig Hemke
Sprott Money, Toronto
Friday, May 30, 2025
In this hard-hitting interview, precious metals expert David Morgan exposes how the Comex and paper silver contracts are distorting true silver prices -- leaving retail investors misled and market fundamentals ignored.
From the gold-silver ratio sitting at historic extremes to the manipulation of physical delivery through cash settlements, David breaks down the critical problems behind the scenes.
Jim Rickards: The BRICS go their own way
Submitted by admin on Sat, 2025-05-31 11:37 Section: Daily Dispatches11:35a ET Saturday, May 31, 2025
Dear Friend of GATA and Gold:
At the Daily Reckoning today financial analyst and author James G. Rickards takes note of the annual BRICS+ leaders conference to be held in Brazil next weekend. The conference won't produce a new gold-backed currency, Rickards writes, but it doesn't have to, since the BRICS+ countries are already treating gold itself as a currency.
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Shift from derivative to actual gold is accelerating, Maguire tells LFTV
Submitted by admin on Sat, 2025-05-31 11:06 Section: Daily Dispatches11:10a ET Saturday, May 31, 2025
Dear Friend of GATA and Gold:
On this week's edition of Kinesis Money's "Live from the Vault" program, London metals trader Andrew Maguire says the international shift from gold derivatives to physical gold is hastening, led by China and the BRICs countries.
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