Clive Maund: A major breakout and a meltup alert for silver
Submitted by admin on Tue, 2025-09-02 20:14 Section: Daily DispatchesBy Clive Maund
via Money Metals Exchange, Eagle, Idaho
Tuesday, September 2, 2025
Silver is building up to breaking out above the key $50 level to new all-time highs, a major technical event that is expected to trigger a scorching short-covering rally that will be driven by a massive short squeeze that could trigger a "forcé majeure" event where delivery becomes impossible because there's no silver on hand to deliver, as in "Sorry, we haven’t got any."
... Dispatch continues below ...
Consider subscribing to GATA supporter Mike Ballanger's daily market letter
Submitted by admin on Tue, 2025-09-02 20:07 Section: Daily Dispatches8:06p ET Tuesday, September 3, 2025
Dear Friend of GATA and Gold:
GATA long has been reading the daily market letter from our old friend Michael J. Ballanger in Canada, a letter that concentrates on the mining industry but often has a wider focus and, unlike most financial letters, acknowledges market manipulation. Your secretary/treasurer thinks it's a great letter and as you'll see below, Ballanger now is taking new subscribers again and is offering a substantial subscription fee discount to GATA supporters.
I think you'll enjoy it and find it profitable.
Jesse Colombo: Gold and silver officially confirm their breakouts
Submitted by admin on Tue, 2025-09-02 19:51 Section: Daily DispatchesBy Jesse Colombo
The Bubble Bubble Report
Tuesday, September 2, 2025
Today is a very exciting day because gold and silver have both officially broken out, giving the green light for powerful rallies into year-end. This is the scenario I've been long anticipating as summer wrapped up and Wall Street returned from vacation mode.
In my last update on Sunday, I explained that gold and silver were beginning to break out, but I was waiting for additional confirmation such as strong Comex futures volume and breakouts across all major currencies.
Developing countries swap out of dollar debt to cut borrowing costs
Submitted by admin on Tue, 2025-09-02 07:11 Section: Daily DispatchesBy Joseph Cotterill, Christine Murray, and Joe Daniels
Financial Times, London
Tuesday, September 2, 2025
Developing countries are moving out of dollar debts and turning to currencies with rock-bottom interest rates such as the Chinese renminbi and Swiss franc.
The shift, embarked upon by indebted countries including Kenya, Sri Lanka and Panama, reflects the higher rates set by the U.S. Federal Reserve, which have angered President Donald Trump as well as increasing other countries' debt servicing costs.
... Dispatch continues below ...
China advances development bank to help 10 Eurasian countries curb U.S. dollar risks
Submitted by admin on Tue, 2025-09-02 07:05 Section: Daily DispatchesBy Ralph Jennings
South China Morning Post, Hong Kong
Tuesday, September 2, 2025
A strong push on Monday to create a development bank serving 10 Eurasian countries, including China, would help insulate the group from increasingly risky U.S. dollar-dominated trade while accelerating key infrastructure work, according to analysts.
... Dispatch continues below ...
... ADVERTISEMENT ...
Buy, Sell, or Store Precious Metals with Money Metals Exchange
India's central bank edges away from U.S. Treasuries toward gold
Submitted by admin on Tue, 2025-09-02 06:58 Section: Daily DispatchesFrom the Times of India, Mumbai
Monday, September 1, 2025
U.S. Treasury bills seem to be losing favour, with the Reserve Bank of India stepping up gold holdings to increase India's foreign exchange reserves.
India's central bank has shown a preference for increasing gold reserves instead of U.S. Treasury bills to strengthen its foreign exchange holdings, according to recent data from the U.S. Department of Treasury and RBI. This is part of a broader global shift towards diversifying national reserves beyond dollar-based assets.
