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Daily Dispatches
Miles Franklin's Schectman interviews GATA secretary about the organization's long journey
Submitted by admin on Fri, 2024-12-13 08:50 Section: Daily Dispatches8:51a ET Friday, December 13, 2024
Dear Friend of GATA and Gold:
It's 'official' at last: Gold price has been suppressed by extreme shorting and may explode
Submitted by admin on Thu, 2024-12-12 12:28 Section: Daily Dispatches12:41p ET Thursday, December 12, 2024
Dear Friend of GATA and Gold:
At long last complaints of gold price manipulation and suppression got some respect this week from the Official Monetary and Financial Institutions Forum, a snooty group based in London.
The group published a long paper heralding gold's restoration to the center of the world financial system, "Gold and the New World Disorder," and the paper's chapter titled "Market Disruption -- The Short Squeeze" has this to say:
Florida's CFO studies whether state could adopt gold and silver as legal tender
Submitted by admin on Thu, 2024-12-12 09:15 Section: Daily DispatchesFrom First Coast News / WTLV-WJXX
Jacksonville, Florida
Wednesday, December 11, 2024
TALLAHASSEE, Florida -- Gold and silver bullion could soon be used as a legal way for Floridians to buy goods and services, the state's Chief Financial Officer Jimmy Patronis said today.
Patronis announced his office is launching a study on how gold and silver can be used as legal tender in the state. Gold and silver can be bought as investments but can't be used to purchase goods and services.
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Trump tariff risk roils gold and silver as New York prices jump
Submitted by admin on Thu, 2024-12-12 08:59 Section: Daily DispatchesBy Jack Ryan, Sybilla Gross, and Yvonne Yue Li
Bloomberg News
Wednesday, December 11, 2024
Premiums for gold and silver futures in New York swelled as traders weighed the possibility of precious metals being included in sweeping tariff measures proposed by U.S. President-elect Donald Trump.
Gold futures for delivery in February traded as much as $60 an ounce, or 2%, over spot prices in early London trading, while silver futures were more than $1 an ounce, or 3%, higher.
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Robert Lambourne: BIS gold swaps fell 13% in November as debt problems grew
Submitted by admin on Tue, 2024-12-10 21:24 Section: Daily DispatchesBy Robert Lambourne
Wednesday, December 11, 2024
The November statement of account for the Bank for International Settlements was published this week --
https://www.bis.org/banking/balsheet/statofacc241130.pdf
-- and it indicates that the volume of gold swaps undertaken by the BIS fell from 93 tonnes on October 31 to 81 tonnes on November 29, a decline of 12 tonnes or 13%.
Ed Steer's weekend letter posted in the clear at SilverSeek
Submitted by admin on Mon, 2024-12-09 23:38 Section: Daily Dispatches11:36p ET Monday, December 9, 2024
Dear Friend of GATA and Gold:
The weekend edition of GATA board member Ed Steer's financial letter, Ed Steer's Gold and Silver Digest, is headlined "The Big 4/8 Traders Continue to Short Gold and Silver" and it's posted in the clear at GoldSeek's companion site, SilverSeek, here:
https://silverseek.com/article/big-48-traders-continue-short-gold-silver
CME Group launches 1-ounce gold futures to divert physical demand
Submitted by admin on Mon, 2024-12-09 23:02 Section: Daily DispatchesBy Jesse Columbo
Money Metals News Service
Sunday, December 8, 2024
In a move that may flood the market with more "paper" gold, CME Group Inc., the parent company of COMEX, the leading U.S. exchange for gold and silver futures, will introduce a one-ounce gold futures contract in January.
El Salvador's president proposes ending country's ban on metals mining
Submitted by admin on Mon, 2024-12-09 22:52 Section: Daily DispatchesFrom the Associated Press
Wednesday, November 27, 2024
SAN SALVADOR, El Salvador -- El Salvador President Nayib Bukele on Wednesday proclaimed himself in favor of mining gold in the Central America country and called his nation's 7-year-old ban on metals mining "absurd," immediately putting in jeopardy the historic prohibition.
China signals bolder stimulus for next year as Trump returns
Submitted by admin on Mon, 2024-12-09 10:41 Section: Daily DispatchesFrom Bloomberg News
via Yahoo News, Sunnyvale, California
Monday, December 9, 2024
China's top leaders signaled bolder economic support next year using their most direct language on stimulus in years, as Beijing braces for a trade war when Donald Trump takes office.
President Xi Jinping's decision-making Politburo vowed to embrace a "moderately loose" monetary policy in 2025, signaling more rate cuts ahead and shifting from a "prudent" strategy that has held for 14 years.
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Ronan Manly: Trump tariffs will trigger trade war, with gold and silver benefiting
Submitted by admin on Mon, 2024-12-09 10:22 Section: Daily DispatchesBy Ronan Manly
Bullion Star, Singapore
Monday, December 9, 2024
With less than two months until his inauguration on 20 January 2025, U.S. President-elect Donald Trump is ramping up the rhetoric on tariff threats to unprecedented levels -- even by his own "all guns blazing" standards.
In the space of less than two weeks, Trump has lost no time in firing off import tariff threats against China, Canada, Mexico, and all nine member countries of BRICS (a grouping that represents 45% of the world's population).
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