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Daily Dispatches
China's central bank reports raising gold reserves for fourth straight month
Submitted by admin on Fri, 2025-03-07 14:17 Section: Daily DispatchesBy Yukun Zhang, Qiaoyi Li, and Polina Devitt
Reuters
Friday, March 7, 2025
China's gold reserves rose to 73.61 million fine troy ounces at the end of February from 73.45 million at the end of January, as the central bank kept buying the precious metal for a fourth straight month.
China's gold reserves were valued at $208.64 billion at the end of last month, up from $206.53 billion at the end of January, central bank data showed today.
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In interview at PDAC, Eric Sprott forces Kitco to mention market manipulation
Submitted by admin on Wed, 2025-03-05 12:10 Section: Daily Dispatches12:08p ET Wednesday, March 5, 2025
Dear Friend of GATA and Gold (and Silver):
In an interview conducted during the PDAC conference in Toronto this week, mining entrepreneur Eric Sprott pushed silver market manipulation onto the Kitco internet site, which long has been suppressing the price-suppression issue. Silver's price has been manipulated for 50 years, Sprott says, and gold and silver mining company shares are very undervalued. He thinks the silver price could exceed $50 soon.
The interview with Sprott is 18 minutes and can be viewed at Kitco here:
Craig Hemke: What might 'monetizing the asset side' mean?
Submitted by admin on Wed, 2025-03-05 10:35 Section: Daily Dispatches10:35a ET Wednesday, March 5, 2025
Dear Friend of GATA and Gold:
Craig Hemke of the TF Metals Report, writing at Sprott Money, speculates today on what "monetizing the asset side" of the U.S. balance sheet might entail, particularly in regard to gold.
His analysis is headlined "To Monetize the Asset Side" and it's posted at Sprott Money here:
Gold payments for oil suspended by Ghana's central bank chief
Submitted by admin on Tue, 2025-03-04 21:58 Section: Daily DispatchesBy Ekow Dontoh, Moses Mozart Dzawu, and Ondiro Oganga
Bloomberg News
Sunday, March 2, 2025
Ghana's new central bank chief has suspended the West African nation's program of paying for oil with gold and said he expects the cedi to stabilize after its volatility of last year.
Clint Siegner: The revenge of the gold bugs
Submitted by admin on Tue, 2025-03-04 21:48 Section: Daily DispatchesBy Clint Siegner
Money Metals Exchange, Eagle, Idaho
Monday, March 3, 2025
There aren't too many upsides to the widespread loss in confidence currently underway. It would be far better if major institutions were trustworthy, competent, and efficiently run. But fixing these institutions requires recognition of the problems.
The people who spent all of their time marginalizing gold bugs as nutjobs and conspiracy theorists are starting to find themselves out on the fringe.
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Deutsche Bank sees risk of U.S. dollar losing safe-haven status
Submitted by admin on Tue, 2025-03-04 16:00 Section: Daily DispatchesFrom Bloomberg News
Tuesday, March 3, 2025
The U.S. dollar may lose its traditional safe-haven status as global markets adjust to a new geopolitical order, according to Deutsche Bank AG.
"We do not write this lightly. But the speed and scale of global shifts are so rapid that this needs to be acknowledged as a possibility," said George Saravelos, the bank's global head of FX strategy, in a note to clients. "It is hard to overestimate the scale of change taking place in global economic and geopolitical relations in a matter of days."
An appeal to Canada on behalf of a dirty business: individual liberty
Submitted by admin on Tue, 2025-03-04 15:09 Section: Daily DispatchesIllustrations for this presentation are posted here:
https://www.gata.org/sites/default/files/Powell%20GATA%20Toronto%202025.pdf
* * *
Illustration 1 -- Introduction
Remarks by Chris Powell
Secretary/Treasurer, Gold Anti-Trust Action Committee Inc.
Laura Stein / GATA Reception and Dinner
Toronto, Ontario, Canada
Monday, March 3, 2025
Ladies and gentlemen and everyone else.
Please help GATA stay in the fight until victory
Submitted by admin on Tue, 2025-03-04 14:50 Section: Daily Dispatches2:50p ET Tuesday, March 4, 2025
Dear Friend of GATA and Gold:
We are so close to victory now. Gold is all over mainstream financial news organizations now even as they strive not to expose the real reasons for the monetary metal's spectacular rise: the collapse of the derivatives-based gold price suppression system.
Gold price suppression is almost a respectable topic now, even if GATA is still not respectable enough to get mentioned by mainstream financial news organizations even as we pummel them every day with evidence of their dishonesty.
Jim Rickards: Gold's historic rally
Submitted by admin on Mon, 2025-03-03 14:35 Section: Daily DispatchesBy James Rickards
The Daily Reckoning, Baltimore
Friday, February 28, 2025
Even casual observers know that gold has been trading near all-time highs lately. The dollar price of gold has been trading around $2,955 per ounce, quite close to the all-time closing high and near the recent intraday high just below $3,000 per ounce. Since November 1, 2022, gold has rallied from $1,650 per ounce to $2,955 per ounce, an 80% gain in 28 months.
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Toronto exchange's mining dominance under threat as explorers exit
Submitted by admin on Mon, 2025-03-03 09:51 Section: Daily DispatchesBy Jacob Lorinc
Bloomberg News
via Yahoo News, Sunnyvale, California
Monday, March 3, 2025
Toronto's claim as the top mining hub is under threat as exploration companies leave Canada and listings dwindle on the nation's resource-heavy stock exchange.
Canada's once-thriving mining industry is facing challenges to its decades-old model, in which explorers and developers woo investors with promises of mining breakthroughs and established producers feed on their success, swallowing them in lucrative takeovers.
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