Ed Steer: Gold's 200-day moving average falls in a brutal bear raid
Submitted by admin on Sun, 2026-06-07 10:06 Section: Daily Dispatches10a ET Sunday, June 7, 2026
Dear Friend of GATA and Gold:
The weekend edition of GATA board member Ed Steer's Gold and Silver Digest is headlined "A Brutal Bear Raid: Gold's 200-Day Moving Average Falls" and is posted in the clear at SilverSeek here:
https://silverseek.com/article/brutal-bear-raid-golds-200-day-moving-average-falls
China's PBOC adds gold again as bullion remains under pressure
Submitted by admin on Sun, 2026-06-07 09:24 Section: Daily DispatchesBy Jessica Zhou
Bloomberg News
Saturday, June 6, 2026
China's central bank extended its gold-buying streak in May, adding to holdings as prices of the precious metal remained under pressure.
Bullion held by the People's Bank of China rose by 320,000 troy ounces last month, according to data released today. The latest addition extended its buying streak to 19 months, the longest since at least 2015, when the PBOC began publishing more regular updates on its gold reserves.
... Dispatch continues below ...
Joseph Solis-Mullen: Sound money and the myth of militarism
Submitted by admin on Fri, 2026-06-05 16:43 Section: Daily DispatchesBy Joseph Solis-Mullen
MoneyMetals.com, Eagle, Idaho
Friday, June 5, 2026
One of the most common mistaken arguments against a return to sound money is that the dollar's international dominance supposedly depends upon American military supremacy.
Alasdair Macleod: Summer doldrums for the monetary metals
Submitted by admin on Fri, 2026-06-05 16:08 Section: Daily DispatchesBy Alasdair Macleod
GoldMoney, Toronto
Friday, June 5, 2026
Over the last six months, gold and silver are barely changed. Investors are losing patience. It's time to stand back and examine the big picture and ignore short-term sentiment.
As our introductory chart shows, gold and silver are barely changed on the year. As a measure of investor sentiment, North American investors sold down 12 tonnes in gold exchange-traded funds in the last two weeks of May, according to the World Gold Council. Doubtless, this week they sold some more.
Maguire sees Western gold futures market collapsing; Steer talks with Commodity Culture
Submitted by admin on Fri, 2026-06-05 10:51 Section: Daily Dispatches10:52a ET Friday, June 5, 2026
Dear Friend of GATA and Gold:
Western gold futures markets are collapsing as China corners the world's physical gold markets, London metals trader Andrew Maguire tells this week's episode of Kinesis Money's "Live from the Vault" program at YouTube:
Indian owner of Swiss gold refiner Valcambi investigated over $159 billion of inflated revenue
Submitted by admin on Thu, 2026-06-04 20:43 Section: Daily DispatchesBy Ashutosh Joshi
Bloomberg News
Thursday, June 4, 2026
India's markets regulator has alleged that the owner of Swiss gold refiner Valcambi SA overstated revenue, according to an interim order issued today.
Mumbai-listed Rajesh Exports Ltd. misrepresented about 15.2 trillion rupees ($159 billion) -- equaling 99.80% of its revenues from subsidiaries over the five fiscal years through March 2025, the Securities and Exchange Board of India said in its order and asked the company to make "true and fair" disclosures in its financial statements and other filings.
