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Daily Dispatches
Citigroup erroneously credited client account with $81 trillion in 'near miss'
Submitted by admin on Fri, 2025-02-28 11:26 Section: Daily DispatchesStephen Gandel and Joshua Franklin
Financial Times, London
Friday, February 28, 2025
Citigroup credited a client's account with $81 trillion when it meant to send only $280, an error that could hinder the bank’s attempt to persuade regulators that it has fixed long-standing operational issues.
The erroneous internal transfer, which occurred last April and has not been previously reported, was missed by both a payments employee and a second official assigned to check the transaction before it was approved to be processed at the start of business the following day.
Dave Kranzler: March silver contract deliveries could get interesting
Submitted by admin on Thu, 2025-02-27 16:45 Section: Daily DispatchesBy Dave Kranzler
Mining Stock Journal
Thursday, Febraruy 27, 2025
Right now there's 109 million ounces worth of Comex March silver contracts standing for delivery. This is 90% of the registered inventory of silver in the vaults and 27% of the total amount of silver in Comex vaults.
Those are big numbers. But it's irrelevant if the entities taking delivery do not remove their silver from Comex vaults.
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Alasdair Macleod: China suppressed silver to accumulate more, using Morgan as broker
Submitted by admin on Tue, 2025-02-25 20:11 Section: Daily DispatchesThis analysis was published today in Alasdair Macleod's financial letter at Substack and is reposted here by his kind permission. Macleod's letter is published every few days and a seven-day free trial subscription is available. Rates are $10 per month or $120 per year. To subscribe, please visit:
https://alasdairmacleod.substack.com/
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But China is probably not doing it any longer.
By Alasdair Macleod
Tuesday, February 25, 2025
New Wyoming law will establish strategic gold reserve
Submitted by admin on Tue, 2025-02-25 09:16 Section: Daily DispatchesBy Jp Cortez
Money Metals News Service
Monday, February 24, 2025
A groundbreaking bill to establish a strategic gold reserve has just become law in Wyoming.
Senate File 96 -- also known as the Wyoming Gold Act -- requires the Wyoming treasurer to diversify the state's holdings by acquiring no less than $10 million in "specie and specie legal tender" as part of the state's Permanent Mineral Trust Fund.
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Paul Brownstein: Fuse meets keg at the LBMA
Submitted by admin on Tue, 2025-02-25 08:43 Section: Daily DispatchesBy Paul Brownstein
Charts and Parts
Tuesday, February 25, 2025
The cracks in the London Bullion Market Association are now undeniable. In "LBMA: De Facto Default,"
Please help GATA stay in the fight until victory
Submitted by admin on Tue, 2025-02-25 08:40 Section: Daily Dispatches8:40a ET Tuesday, February 25, 2025
Dear Friend of GATA and Gold:
We are so close to victory now. Gold is all over mainstream financial news organizations now even as they strive not to expose the real reasons for the monetary metal's spectacular rise: the collapse of the derivatives-based gold price suppression system.
Gold price suppression is almost a respectable topic now, even if GATA is still not respectable enough to get mentioned by mainstream financial news organizations even as we pummel them every day with evidence of their dishonesty.
Craig Hemke at Sprott Money: U.S. has little to monetize besides gold reserves
Submitted by admin on Mon, 2025-02-24 19:17 Section: Daily DispatchesBy Craig Hemke
Sprott Money, Toronto
Monday, February 24, 2025
A hot topic this month has been the idea of an official gold price revaluation from the U.S. government. We have used this space to discuss the possibility for each of the past three weeks.
Let's do so again today.
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Laurent Maurel: The end of paper gold?
Submitted by admin on Sat, 2025-02-22 10:47 Section: Daily DispatchesBy Laurent Maurel
GoldBroker, London
Friday, February 21, 2025
The price of gold is setting a string of all-time records, buoyed by strong physical demand. The rush to buy the precious metal is intensifying as investors and institutions seek to secure their assets in the face of economic uncertainty.
Robert Lambourne: If it's the new master of gold, will China make the rules now?
Submitted by admin on Sat, 2025-02-22 10:28 Section: Daily DispatchesBy Robert Lambourne
Saturday, February 22, 2025
Considerable attention is suddenly being paid to the integrity of U.S. government gold reserves. GATA has long reported on possible double counting of title or claims to physical gold and that some gold may have departed government vaults via loans or leases or even unreported sales.
LBMA offered to censor BullionStar
Submitted by admin on Sat, 2025-02-22 09:59 Section: Daily DispatchesFrom BullionStar, Singapore
Friday, February 21, 2025
When BullionStar repeatedly called on the London Bullion Market Association to uphold its own mission -- reforming for integrity and transparency in the precious metals market -- how do you think LBMA responded?
Did the LBMA commit to clearer reporting of unencumbered gold? Did the LBMA commit to end the price manipulation?
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