Ed Steer: 'Da boyz' carpet-bomb the precious metals
Submitted by admin on Sun, 2025-10-19 11:33 Section: Daily Dispatches11:32a ET Sunday, October 19, 2025
Dear Friend of GATA and Gold:
The weekend edition of GATA board member Ed Steer's Gold and Silver Digest is headlined "'Da Boyz' Carpet-Bomb the Precious Metals" and is posted in the clear at SilverSeek here:
https://silverseek.com/article/da-boyz-carpet-bomb-precious-metals
Gold's historic rally comes with a bonus for emerging markets
Submitted by admin on Sun, 2025-10-19 10:55 Section: Daily DispatchesBy Selcuk Gokoluk
Bloomberg News
via Yahoo News, Sunnyvale, California
Sunday, October 19, 2025
A relentless surge in the price of gold is delivering windfalls across emerging markets, boosting investor confidence in countries that mine and buy the metal.
In South Africa, home to the world's deepest gold mines, stocks are on track for the best year in two decades, with shares of miners like Sibanye Stillwater, AngloGold Ashanti, and Gold Fields tripling in value.
... Dispatch continues below ...
Tokens of love, keepsakes, and mementos are melted down in the rush to cash in
Submitted by admin on Sun, 2025-10-19 09:01 Section: Daily DispatchesBy Dionne Searcey
The New York Times
Sunday, October 19, 2025
https://www.nytimes.com/2025/10/19/nyregion/diamond-district-gold-rush.html
The lights weren't even on yet at Bullion Exchanges in Midtown Manhattan, but a customer was already standing outside, holding a crumpled Target bag stuffed with what she hoped were valuable treasures.
Time Magazine: The new gold rush
Submitted by admin on Sat, 2025-10-18 13:29 Section: Daily DispatchesBy Charlie Campbell
Time Magazine, New York
via Yahoo News, Sunnyvale, California
Wednesday, October 15, 2025
KUMASI, Ghana -- Drive an hour south of Kumasi, Ghana’s bustling second city, and before long the dense jungle gives way to denuded hills peppered with rickety timber frames. On every slope, gumbooted workers shovel the tawny earth down to muddy pools in the furrows, from whence the sludge is pumped to the frame’s zenith to gush down a shallow ramp lined with webbed plastic matting. At the base, more workers sweep the outflow with metal detectors.
Sold out in India, panic in London: How the silver market broke
Submitted by admin on Sat, 2025-10-18 11:27 Section: Daily DispatchesBy Sybilla Gross, Preeti Soni, Jack Ryan, Yvonne Yue Li, and Jack Farchy
Bloomberg News
via NDTV, Mumbai, India
Saturday, October 18, 2025
For months, Vipin Raina had been bracing for a stampede of buying from Indian customers loading up on silver to honor the Hindu goddess of wealth.
But when it came, he was still blown away. At the start of last week, his company, India's largest precious metals refinery, ran out of silver stock for the first time in its history.
... Dispatch continues below ...
India central bank's gold reserves top $100 billion on surging prices
Submitted by admin on Sat, 2025-10-18 11:01 Section: Daily DispatchesBy Nimesh Vora and Rajendra Jadhav
Reuters
Friday, October 17, 2025
MUMBAI -- India's gold reserves crossed the $100 billion mark for the first time, according to the Reserve Bank of India's latest foreign exchange reserves data, buoyed by a global price rally even as the central bank's purchases slowed sharply this year.
India's gold holdings rose by $3.595 billion to $102.365 billion in the week through October 10, RBI data showed today, while overall foreign exchange reserves declined $2.18 billion to $697.784 billion.
