Adam Sharp: A better silver squeeze this time
Submitted by admin on Thu, 2025-12-25 21:49 Section: Daily DispatchesBy Adam Sharp
Daily Reckoning, Baltimore
Thursday, December 25, 2025
In 1970 silver traded at around $1.60 per ounce. By its peak in 1980, it reached $49.45. An incredible 30x return.
The story of how it got there is full of intrigue and conspiracy. We’ll get to that. But first a little background is in order.
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Gold demand is driving Thai baht up and Bank of Thailand doesn't like it
Submitted by admin on Thu, 2025-12-25 13:55 Section: Daily DispatchesGold traders and Bank of Thailand Discuss Controls
By Nuntawun Polkuamdee
Bangkok Post
Thursday, December 25, 2025
Gold traders have proposed dollar-denominated trading as a way to curb baht volatility, as the Bank of Thailand scrambles to ease the strength of the Thai currency while bullion soars to a fresh all-time high.
The market is focused on Friday's meeting between Thai gold traders and the central bank, as the industry pushes for alternative measures to relieve pressure on the baht.
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China's yuan climbs past 7 per dollar as central bank capitulates to bulls
Submitted by admin on Thu, 2025-12-25 11:07 Section: Daily DispatchesFrom Bloomberg News
Wednesday, December 24, 2025
The yuan climbed past the psychological milestone of 7 per dollar for the first time since September 2024, on bets that China's central bank will allow gradual currency appreciation to boost market confidence.
The offshore yuan gained as much as 0.2% to 6.9964 per dollar. The move came after the People's Bank of China strengthened its daily reference rate to the strongest level since September 2024.
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SolGold in Ecuador agrees to $1.2 billion takeover by its top investor, China's Jiangxi Copper
Submitted by admin on Thu, 2025-12-25 09:53 Section: Daily DispatchesBy Shashwat Awasthi
Reuters
Wednesday, December 24, 2025
Gold and copper miner SolGold said today it had agreed to be acquired by its largest shareholder, Jiangxi Copper, in a deal valuing it at 867 million pounds ($1.17 billion).
The 28-pence-per-share deal represents an almost 43% premium to Ecuador-focused SolGold's closing price on November 19, the day before Jiangxi first approached the company for a deal.
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Banks and traders race to capitalize on gold's historic rally
Submitted by admin on Wed, 2025-12-24 10:03 Section: Daily DispatchesBy Leslie Hook
Financial Times, London
Wednesday, December 24, 2025
Banks and traders are expanding their precious metals desks and logistics capabilities as they race to capitalise on gold's historic rally this year, which has suddenly made the sleepy world of bullion trading and vaulting one of the most profitable areas in finance.
Argentine court urges central bank to produce data on gold sent abroad
Submitted by admin on Tue, 2025-12-23 19:37 Section: Daily DispatchesBy Facundo Iglesia
Buenos Aries Herald
Tuesday, December 23, 2025
A federal court has ordered the Argentine central bank to hand over information regarding the location of the gold bars it allegedly shipped abroad in June last year.
The court, however, also offered the bank a way out, saying that it should thoroughly explain its main argument for denying the request if it intends to stand by that position. According to bank authorities, handing out the data "poses a threat to the financial or banking system or could harm the interests of the central bank."
