Zimbabwe just drew a hard line for foreign miners concerning its gold
Submitted by admin on Sat, 2026-05-23 19:44 Section: Daily DispatchesBy Chinedu Okafor
Business Insider Africa, New York
Saturday, May 23, 2026
Zimbabwe is stepping up its campaign for resource-driven industrialization by prohibiting foreign individuals and firms from participating in small-scale gold mining, the latest move in a larger strategy to boost local ownership and promote the domestic mineral industry.
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Copernicus on Money: A 500-year-old prophecy for the U.S. dollar
Submitted by admin on Sat, 2026-05-23 19:37 Section: Daily DispatchesFrom FinancialSense.com, San Diego, California
Friday, May 22, 2026
Financial Sense Newshour's Jim Puplava speaks with Ralph Benko, editor of the 500th Anniversary edition of "On the Minting of Money" by Nicolaus Copernicus, about the ongoing dangers of currency debasement and its impact on society.
Benko explains how Copernicus, just as he revolutionized astronomy by placing the sun at the center of the solar system, recognized sound money as the essential center of a healthy economy.
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Ed Steer: A huge drop in the commercial net short position in gold
Submitted by admin on Sat, 2026-05-23 19:23 Section: Daily Dispatches7:24p ET Saturday, May 24, 2025
Dear Friend of GATA and Gold:
The weekend edition of GATA board member Ed Steer's Gold and Silver Digest letter, headlined "A Huge Drop in the Commercial Net Short Position in Gold," is posted in the clear at GoldSeek's companion site, SilverSeek, here:
https://silverseek.com/article/huge-drop-commercial-net-short-position-gold
Comex gold and silver shorts can't push metals lower, GATA's Steer says
Submitted by admin on Sat, 2026-05-23 11:36 Section: Daily Dispatches11:33a ET Saturday, May 23, 2026
Dear Friend of GATA and Gold (and Silver):
Interviewed this week by Dunagun Kaiser on the Liberty and Finance channel at YouTube, GATA board member Ed Steer, publisher of Ed Steer's Gold and Silver Digest, says gold and silver shorts on the New York Commodities Exchange have pressed prices down as far as they can go and a reversal in direction is due.
Meanwhile, Steer says, China keeps draining metal from London and New York.
Striking gold is the dream for thousands of Australians but there's a 'paradox' holding them back
Submitted by admin on Sat, 2026-05-23 08:27 Section: Daily DispatchesBy Simon Johanson
Sydney Morning Herald
Saturday, May 23, 2026
Dig, doze, and detect is how Matthew Carkeek expects to strike gold on a historic plot of land at Dunolly, in one of Victoria's richest gold regions.
Carkeek, the owner of a specialist concrete construction firm, is one of hundreds of thousands of Australians prospecting, fossicking, and mining for the elusive precious metal as the soaring price of bullion underpins a mini modern-day gold rush.
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Despite calls for economic sovereignty, West Africa's gold reserves still rely on European banks and gold hubs
Submitted by admin on Sat, 2026-05-23 08:20 Section: Daily DispatchesBy Solomon Ekanem
Business Insider Africa, New York
Friday, May 22, 2026
West Africa's foreign reserves, valued at about $67 billion and managed by the Central Bank of West African States, remain largely held through European banks and vaulting hubs, despite growing debates over economic sovereignty.
Yet its latest audited accounts show a highly concentrated structure: About 86% of external assets are held with European counterparties, 82% of foreign exchange reserves are euro-denominated, and 92% of physical gold reserves are stored in Europe.
