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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