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Daily Dispatches
China funnelled nearly $57 billion to control critical minerals supply chain
Submitted by admin on Wed, 2025-01-29 16:31 Section: Daily DispatchesBy Cecilia Jamasmie
Mining.com, Toronto
Wednesday, January 29, 2025
China has systematically extended its control over critical minerals essential for the global energy transition and net-zero emissions, using a network of at least 26 state-backed financial institutions over the past two decades, a new report shows.
London gold market queues up to borrow central bank gold after big shipments to U.S., sources say
Submitted by admin on Wed, 2025-01-29 14:59 Section: Daily DispatchesThat is a nice way of saying: The Bank of England strains to help bullion banks and perhaps the Federal Reserve keep the gold price down again.
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By Polina Devitt
Reuters
Wednesday, January 29, 2025
LONDON -- London bullion market players are racing to borrow gold from central banks, which store bullion in London, following a surge in gold deliveries to the United States on speculation of potential import tariffs there, two sources familiar with the matter said.
Please help GATA financially and get a 1-ounce silver round commemorating our work
Submitted by admin on Wed, 2025-01-29 14:56 Section: Daily Dispatches2:56p ET Wednesday, January 29, 2025
Dear Friend of GATA and Gold:
Longstanding Western central bank policy of monetary metals price suppression has never been more vulnerable than it is today.
Governments and central banks around the world have been defecting from the policy this year, accumulating gold and silver instead of lending them.
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Rush to stockpile gold in New York leads to London shortage
Submitted by admin on Wed, 2025-01-29 09:51 Section: Daily DispatchesBy Leslie Hook
Financial Times, London
Wednesday, January 29, 2025
A surge in gold shipments to the United States has led to a shortage of bullion in London, as traders amass an $82 billion stockpile in New York over fears of Trump administration tariffs.
The wait to withdraw bullion stored in the Bank of England's vaults has risen from a few days to between four and eight weeks, according to people familiar with the process, as the central bank struggles to keep up with demand.
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Jan Nieuwenhuijs: China continues covert gold purchases in London
Submitted by admin on Mon, 2025-01-27 16:15 Section: Daily DispatchesBy Jan Nieuwenhuijs
Money Metals Exchange, Eagle, Idaho
Monday, January 27, 2025
While the gold space has been obsessed over the gold streaming from London to New York in reaction to President Donald J. Trump's tariff threats, even as it had little effect on price, the bigger story is that the People's Bank of China is quietly stockpiling gold at a frenetic rate.
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Ed Steer's Gold and Silver Digest weekend commentary posted in the clear at SilverSeek
Submitted by admin on Mon, 2025-01-27 09:14 Section: Daily Dispatches9:10a ET Monday, January 27, 2024
Dear Friend of GATA and Gold:
The weekend edition of GATA board member Ed Steer's Gold and Silver Digest letter, headlined "Silver and Gold Continue to Pile into the Comex," has been posted in the clear at GoldSeek's companion site, SilverSeek, here:
https://silverseek.com/article/silver-gold-continue-pile-comex
Physical gold and silver markets are leaving paper markets behind, Maguire tells LFTV
Submitted by admin on Sat, 2025-01-25 07:55 Section: Daily Dispatches7:56a ET Saturday, January 25, 2025
Dear Friend of GATA and Gold:
On this week's edition of Kinesis Money's "Live from the Vault" program, London metals trader Andrew Maguire says that the markets for physical gold and silver have sharply separated from the paper markets, as indicated by rising gold lease rates, and that central banks, bullion banks, and even major investors have figured out the paper racket and are foiling it by taking delivery of real metal.
The program is 42 minutes long and can be viewed at YouTube here:
Alasdair Macleod: Will Comex face gold import tariffs?
Submitted by admin on Fri, 2025-01-24 13:48 Section: Daily DispatchesBy Alasdair Macleod
GoldMoney, Toronto
Friday, January 24, 2025
For the last two weeks before and after Trump's inauguration on 20 January, gold has recovered to almost new highs in dollars.
In European trade this morning, gold was trading at $2,774, up $73 on the week, and silver was $30.85, up 53 cents, for a gold/silver ratio of nearly 90 times.
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Air Canada ordered to pay just $18,000 for stolen $24 million crate of gold
Submitted by admin on Fri, 2025-01-24 12:15 Section: Daily DispatchesBy Adrian Humphreys
National Post, Toronto
Thursday, January 23, 2025
In the messy aftermath of the Toronto airport gold heist, in which $24 million in gold bars and cash was driven away by thieves from an Air Canada warehouse, the airline has been ordered by the federal court to pay Brink's transport company just $18,600 in compensation for their huge loss because of poorly completed paperwork on the stolen shipment.
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Morgan Stanley finds 'silent plurality' ready to sell dollar
Submitted by admin on Fri, 2025-01-24 12:06 Section: Daily DispatchesBy Ruth Carson
Bloomberg News
via Yahoo News, Sunnyvale, California
Friday, January 24, 2025
Traders looking to sell the world's reserve currency are far more common than thought even as the dollar's dominance rips across markets, according to Morgan Stanley.
"While dollar bulls are numerous and perhaps most vocal in expressing their views, there seems to be a more 'silent' plurality of investors looking to sell the dollar instead," strategists including David Adams wrote in a note. "Many have dry powder and are waiting for a sign to enter shorts."
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