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Daily Dispatches
European officials consider pooling dollars to lessen Fed reliance after Trump shocks, Reuters says
Submitted by admin on Thu, 2025-11-13 15:29 Section: Daily DispatchesBy Elisa Martinuzzi, Balazs Koranyi, Stefania Spezzati, Mathieu Rosemain, and Giuseppe Fonte
Reuters
Thursday, November 13, 2025
European financial stability officials are debating whether to create an alternative to Federal Reserve funding backstops by pooling dollars held by non-U.S. central banks in a bid to reduce their reliance on the U.S. under the Trump administration, five officials familiar with the matter said.
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Shorts losing control of gold and silver, cascading defaults possible, Steer says
Submitted by admin on Wed, 2025-11-12 18:26 Section: Daily Dispatches6:26p ET Wednesday, November 12, 2025
Dear Friend of GATA and Gold:
Interviewed this week by the CapitalCosm channel at YouTube, GATA board member Ed Steer, publisher of Ed Steer's Gold and Silver Digest, says the longstanding shorts have lost control of the gold and silver markets and a delivery failure in one commodity futures market may trigger a cascade of short covering and defaults in other commodity futures markets.
U.S. Treasurer strikes final pennies at Philadelphia Mint
Submitted by admin on Wed, 2025-11-12 16:10 Section: Daily DispatchesBy Andrea Shalal
Reuters
Wednesday, November 12, 2025
PHILADELPHIA -- U.S. Treasurer Brandon Beach visited the Philadelphia Mint today to strike the final five circulating one-cent coins or pennies, ending 232 years of penny production in the United States.
President Donald Trump said in February he was ordering Treasury to halt what he called the "wasteful" minting of pennies, prompting gas stations, fast-food chains, and big-box stores to adjust prices and round cash transactions.
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If you missed the New Orleans conference, retrieve it here
Submitted by admin on Wed, 2025-11-12 15:47 Section: Daily DispatchesBy Brien Lundin
Gold Newsletter / Golden Opportunities
Metairie, Louisiana
Wednesday, November 12, 2025
As I write, gold and silver have just exploded to the upside -- again -- on news that Atlanta Fed President Raphael Bostic will resign his position in February.
So why did gold and silver respond so dramatically?
Because this latest rally began when Fed Chairman Jerome Powell conceded an initial rate cut in his Jackson Hole speech in August. Then the move accelerated as dour employment data pointed toward more cuts from this Fed.
James Turk: Defining money
Submitted by admin on Wed, 2025-11-12 12:07 Section: Daily DispatchesBy James Turk
Free Gold Money Report
Monday, November 10, 2025
Many modern economists struggle to define money. Often beginning with an historical overview of the concept of moneyness, they generally end by describing the functions of money. But what money "does" is not a definition of what money is.
Dan Oliver at the New Orleans conference: This time isn't different, it's the same
Submitted by admin on Wed, 2025-11-12 09:45 Section: Daily Dispatches9:45a ET Wednesday, November 12, 2025
Dear Friend of GATA and Gold:
Dan Oliver, founder of Myrmikan Capital in New York, told the New Orleans Investment Conference last week that nothing has changed in 2,500 years in regard to gold's near-perfect monetary characteristics and government's inability to be responsible with money. Monetary debasement, Oliver showed, is almost as old as money itself, even as its various forms grow more sophisticated.
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Clint Siegner: Not enough silver, or just in the wrong location?
Submitted by admin on Tue, 2025-11-11 09:26 Section: Daily DispatchesBy Clint Siegner
Money Metals Exchange, Eagle, Idaho
Monday, November 10, 2025
Early this yea, high premiums developed for Comex bars in the U.S. thanks to fears of tariffs on importing silver (and gold). In response traders shipped an estimated 300 tons of silver from London to New York to alleviate that squeeze.
Last month the London Bullion Market ran into some issues of its own with respect to silver -- with huge premiums, high financing costs, and far more requests for delivery of actual bars than the market could handle.
Tether hires top HSBC gold traders to take on bullion market
Submitted by admin on Tue, 2025-11-11 09:00 Section: Daily DispatchesBy Jack Ryan, Jack Farchy, and Yihui Xie
Bloomberg News
Tuesday, November 11, 2025
Tether Holdings SA is hiring two of the world's most senior precious metals traders from HSBC Holdings Plc, as the stablecoin giant deploys its deep pockets to build a vast gold reserve and challenge the established players of the bullion market.
Brien Lundin: How does it feel to be right?
Submitted by admin on Mon, 2025-11-10 16:20 Section: Daily DispatchesBy Brien Lundin
Gold Newsletter / Golden Opportunities
Metairie, Louisiana
Monday, November 10, 2025
I opened this year's New Orleans Conference by asking the assembled crowd a direct question: "How does it feel to be right?"
As I then explained, gold's historic bull market was proving us correct in every one of our long-held, often-disparaged views.
To wit: The simple fact that decades of ever-easier money and ever-larger debt would lead to much more rapid depreciation of fiat currencies.
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BIS gold swaps hold steady in October
Submitted by admin on Sun, 2025-11-09 16:51 Section: Daily Dispatches4:50p ET Sunday, November 9, 2025
Dear Friend of GATA and Gold:
GATA consultant Robert Lambourne calculates tonight that the volume of gold swaps undertaken by the Bank for International Settlements remained nearly unchanged in October, 53.5 tonnes against the 54 tonnes reported for September.
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