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Daily Dispatches
Silver smashes are just derivatives and metal is still scarce, Maguire tells LFTV
Submitted by admin on Fri, 2026-02-13 12:22 Section: Daily Dispatches12:20p ET Friday, February 13, 2026
Dear Friend of GATA and Gold:
The recent smashes of the silver price have been entirely matters of derivatives trading to facilitate short-covering and the metal remains in great scarcity, London metals trader Andrew Maguire tells this week's episode of Kinesis Money's "Live from the Vault" program. Additionally, Maguire says, the People's Bank of China is preparing what will be essentially a monetization of silver.
The program is 45 minutes long and can be seen at the Kinesis Money channel at YouTube here:
'Genius' girl, 10, in China began buying gold 3 years ago to keep parents from spending her lucky money
Submitted by admin on Fri, 2026-02-13 10:39 Section: Daily DispatchesBy Fran Lu
South China Morning Post, Hong Kong
Friday, February 13, 2026
A 10-year-old girl from northern China began buying gold with her Lunar New Year lucky money three years ago, fearing her parents would spend it. She has since been hailed as a "genius" due to the skyrocketing prices of gold.
The girl, hailing from Langfang in Hebei province, has been using the red packets -- known as lai see in Cantonese or hong bao in Mandarin -- that she receives during Lunar New Year to buy gold for three consecutive years.
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Russian memo sees return to dollar system in pitch made for Trump
Submitted by admin on Thu, 2026-02-12 14:41 Section: Daily DispatchesBy Alberto Nardelli
Bloomberg News
via MoneyControl.com, Mumbai
Thursday, February 12, 2026
The Kremlin has set out proposals that could see Russia embrace the dollar again as part of a wide-ranging economic partnership with the Trump administration, according to an internal Russian document reviewed by Bloomberg.
Ontario, Finland do best in world mining risk rankings
Submitted by admin on Thu, 2026-02-12 13:30 Section: Daily DispatchesBy Sam Williams
Mining Journal, London
Thursday, February 12, 2026
Ontario retained its position as the world's lowest-risk mining jurisdiction in Mining IQ's World Risk Insights featuring MineHutte ratings, with Finland surging to second.
The report, produced by Aspermont research division Mining IQ and partner and legal consultants MineHutte, rates mining investment risk across six categories -- legal, governance, social, environmental, fiscal, and infrastructure.
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Texas unveils official bullion coin and gold bills program
Submitted by admin on Thu, 2026-02-12 10:13 Section: Daily DispatchesBy Jeremy Szafron
Kitco.com, Montreal
Wednesday, February 11, 2026
In a historic shift for state level finance, Texas has officially moved from a passive storage model to an active, state-run bullion supply chain. The rollout, announced live from the Texas State Capitol, introduces a first-of-its-kind, dot-gov storefront that allows the public to purchase state-branded gold and silver directly from the comptroller's office.
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Trump races to catch up to China in new scramble for Africa's minerals
Submitted by admin on Thu, 2026-02-12 08:58 Section: Daily DispatchesBy Ben Farmer
The Telegraph, London
Thursday, February 12, 2026
Donald Trump may have spent months berating South Africa's government over its policies, but that did not stop him from sending dozens of smiling American officials to the country this week.
Washington's glad-handing trade envoys and ambassadors have been on their best behaviour for the world's largest get-together of mining dealmakers, held in the shadow of Cape Town's Table Mountain.
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China lets yuan rise to strongest level in years as trend away from dollar grows
Submitted by admin on Wed, 2026-02-11 20:06 Section: Daily DispatchesBy Sylvia Ma
South China Morning Post, Hong Kong
Wednesday, February 11, 2026
China's central bank today set the yuan's daily fixing rate at its strongest level since mid-2023 as the Chinese currency extended gains with investors increasingly rotating out of U.S. dollar assets amid concerns over the Federal Reserve's independence and US debt sustainability.
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Myrmikan's Dan Oliver: This is still just the beginning of gold's resurgence
Submitted by admin on Wed, 2026-02-11 17:19 Section: Daily Dispatches5:24p ET Wednesday, February 11, 2026
Dear Friend of GATA and Gold:
In his latest commentary, Myrmikan Capital's managing member Dan Oliver outlines what he sees as the collapse of currencies under the weight of debt and credit bubbles, gold's replacement of the U.S. dollar as the world reserve currency, and the sharp rise in gold mining company profit margins.
Meet Dan Oliver, who has gold bugs thinking $12,000 is not only possible but the right price
Submitted by admin on Wed, 2026-02-11 09:13 Section: Daily DispatchesBy Barbara Kollmeyer
MarketWatch, New York
Tuesday, February 10, 2026
The dollar's demise is unavoidable, says Myrmikan Capital's founder
Gold yes, dollar no.
While Tuesday is looking flat for stocks, gold is hanging onto the $5,000 an ounce mark.
Missing Canadian mining company workers in Mexico found dead
Submitted by admin on Tue, 2026-02-10 20:46 Section: Daily DispatchesFrom the Associated Press
via ABC News, New York
Monday, February 9, 2026
MEXICO CITY -- Mexican authorities said today that five of the 10 workers missing from a mine operated by a Canadian company in the northwestern state of Sinaloa have been identified among 10 bodies found in clandestine graves last week in a nearby community.
The Attorney General's Office said in a statement that the remaining bodies were still awaiting identification.
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