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Daily Dispatches
CFTC may block 24/7 oil contract to thwart 'volatility' -- that is, free market
Submitted by admin on Sun, 2026-06-14 10:08 Section: Daily DispatchesCFTC Considers Blocking CME's 24/7 Oil Contract Bid
By Nicola M White and Mia Gindis
Bloomberg News
Friday, June 12, 2026
The U.S. Commodity Futures Trading Commission is considering whether to block CME Group Inc.’s bid to launch a round-the-clock oil contract, heightening tensions between the market stalwart and its regulator.
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Chris Irons: The problem isn't trillionaires but monetary policy
Submitted by admin on Sun, 2026-06-14 09:49 Section: Daily DispatchesBy Chris Irons
Quoth The Raven, Substack
Sunday, June 14, 2026
An open letter to Sen. Elizabeth Warren about trillionaires and inequality.
Dear Senator Warren,
When I watched your recent video on X about Elon Musk becoming the first trillionaire, I found myself in the unusual position of agreeing with you -- at least in part. That is not a sentence I write often.
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DR Congo pushes Belgium to release colonial-era documents on mineral wealth
Submitted by admin on Sun, 2026-06-14 09:09 Section: Daily DispatchesBy Camilla Hodgson
Financial Times, London
Sunday, June 14, 2026
The Democratic Republic of Congo is upping its efforts to regain access to a trove of historic geological records stored in a Brussels museum, in a bid to accelerate the discovery of new critical mineral deposits in the country.
China tees up digital payments system to compete with dollar
Submitted by admin on Sun, 2026-06-14 08:58 Section: Daily DispatchesBy Joe Leahy and Cheng Leng
Financial Times, London
Saturday, June 13, 2026
China is getting ready for the commercial rollout of a digital currency programme that could reshape cross-border transactions, reduce reliance on the dollar and draw Beijing closer to its “Belt and Road” trading partners.
The Beijing-led platform, known as mBridge, is backed by the central banks of mainland China, Hong Kong, Thailand, the United Arab Emirates and Saudi Arabia. A Hong Kong-based entity will be set up to oversee its operations, people familiar with the matter said.
There's a bug in the gold trade as miners move like meme stocks
Submitted by admin on Sat, 2026-06-13 18:22 Section: Daily DispatchesBy Monique Mulima
Bloomberg News
via Yahoo News, Sunnyvale, California
Saturday, June 13, 2026
Brian Laks has been investing in gold stocks for over a decade. To the deep-value investor, they serve as a hedge against volatility in the rest of his portfolio, a haven during geopolitical uncertainty and deliver steady returns.
Ed Steer: A disappointing but stunning commitment of traders report
Submitted by admin on Sat, 2026-06-13 15:18 Section: Daily Dispatches3:19p ET Saturday, June 13, 2026
Dear Friend of GATA and Gold:
The weekend edition of GATA board member Ed Steer's Gold and Silver Digest is headlined "A Disappointing but Stunning COT Report" and is posted in the clear at GoldSeek's companion site, SilverSeek, here:
https://silverseek.com/article/disappointing-stunning-cot-report
Mike Maharrey: Even during a currency crisis, gold and silver don't rise in a straight line
Submitted by admin on Sat, 2026-06-13 10:58 Section: Daily DispatchesBy Mike Maharrey
Money Metals Exchange, Eagle, Idaho
Friday, June 12, 2026
If gold is an inflation hedge, why has the yellow metal been struggling as inflation expectations rise due to the Iran conflict?
I'm asked this question a lot, and it's a reasonable query.
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Gold fever sends some vintage luxury watches to the melting furnace
Submitted by admin on Sat, 2026-06-13 10:30 Section: Daily DispatchesBy Alessandro Parodi and Ben Makori
Reuters
Saturday, June 13, 2026
LONDON -- Omega's Constellation watch has been flashed in campaigns, movies and at the Met Gala by stars like George Clooney and Nicole Kidman, turning it into a symbol of luxury and glamour.
But with gold prices near record highs struck in January, some such classic watches are being melted down as the value of their metal content outstrips their resale worth.
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More 'cash-settled' gold contracts -- that is, undeliverable -- coming from CME
Submitted by admin on Fri, 2026-06-12 11:49 Section: Daily DispatchesCME Plans to Offer 24/7 WTI Oil and Gold Contracts
By Mia Gindis
Bloomberg News
Thursday, June 11, 2026
The Chicago Mercantile Group announced plans to offer 24-hour, seven-days-a-week trading in new, smaller crude oil futures and its existing gold contract, the exchange said Thursday.
The new oil-linked contract, set to be one-tenth the size of the existing Micro WTI futures contract, will debut Aug. 30, according to the release, while 24/7 trading in 1-ounce gold futures will begin July 26.
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Alasdair Macleod: Gold in time of war
Submitted by admin on Fri, 2026-06-12 11:15 Section: Daily DispatchesBy Alasdair Macleod
GoldMoney, Toronto
Friday, June 12, 2026
Currencies are debased during and after wars, because government spending goes through the roof not just due to defence spending but also because of the economic consequences.
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