Shorts losing control of gold and silver, cascading defaults possible, Steer says
Submitted by admin on Wed, 2025-11-12 18:26 Section: Daily Dispatches6:26p ET Wednesday, November 12, 2025
Dear Friend of GATA and Gold:
Interviewed this week by the CapitalCosm channel at YouTube, GATA board member Ed Steer, publisher of Ed Steer's Gold and Silver Digest, says the longstanding shorts have lost control of the gold and silver markets and a delivery failure in one commodity futures market may trigger a cascade of short covering and defaults in other commodity futures markets.
U.S. Treasurer strikes final pennies at Philadelphia Mint
Submitted by admin on Wed, 2025-11-12 16:10 Section: Daily DispatchesBy Andrea Shalal
Reuters
Wednesday, November 12, 2025
PHILADELPHIA -- U.S. Treasurer Brandon Beach visited the Philadelphia Mint today to strike the final five circulating one-cent coins or pennies, ending 232 years of penny production in the United States.
President Donald Trump said in February he was ordering Treasury to halt what he called the "wasteful" minting of pennies, prompting gas stations, fast-food chains, and big-box stores to adjust prices and round cash transactions.
... Dispatch continues below ...
If you missed the New Orleans conference, retrieve it here
Submitted by admin on Wed, 2025-11-12 15:47 Section: Daily DispatchesBy Brien Lundin
Gold Newsletter / Golden Opportunities
Metairie, Louisiana
Wednesday, November 12, 2025
As I write, gold and silver have just exploded to the upside -- again -- on news that Atlanta Fed President Raphael Bostic will resign his position in February.
So why did gold and silver respond so dramatically?
Because this latest rally began when Fed Chairman Jerome Powell conceded an initial rate cut in his Jackson Hole speech in August. Then the move accelerated as dour employment data pointed toward more cuts from this Fed.
James Turk: Defining money
Submitted by admin on Wed, 2025-11-12 12:07 Section: Daily DispatchesBy James Turk
Free Gold Money Report
Monday, November 10, 2025
Many modern economists struggle to define money. Often beginning with an historical overview of the concept of moneyness, they generally end by describing the functions of money. But what money "does" is not a definition of what money is.
Dan Oliver at the New Orleans conference: This time isn't different, it's the same
Submitted by admin on Wed, 2025-11-12 09:45 Section: Daily Dispatches9:45a ET Wednesday, November 12, 2025
Dear Friend of GATA and Gold:
Dan Oliver, founder of Myrmikan Capital in New York, told the New Orleans Investment Conference last week that nothing has changed in 2,500 years in regard to gold's near-perfect monetary characteristics and government's inability to be responsible with money. Monetary debasement, Oliver showed, is almost as old as money itself, even as its various forms grow more sophisticated.
... Dispatch continues below ...
Clint Siegner: Not enough silver, or just in the wrong location?
Submitted by admin on Tue, 2025-11-11 09:26 Section: Daily DispatchesBy Clint Siegner
Money Metals Exchange, Eagle, Idaho
Monday, November 10, 2025
Early this yea, high premiums developed for Comex bars in the U.S. thanks to fears of tariffs on importing silver (and gold). In response traders shipped an estimated 300 tons of silver from London to New York to alleviate that squeeze.
Last month the London Bullion Market ran into some issues of its own with respect to silver -- with huge premiums, high financing costs, and far more requests for delivery of actual bars than the market could handle.
