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Daily Dispatches
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).
Gold could become dollar's main competitor, Russian oil exec says
Submitted by admin on Sat, 2024-12-07 23:24 Section: Daily DispatchesFrom Tass, Moscow
Thursday, December 5, 2024
RAS AL-KHAIMAH, United Arab Emirates -- Continued restrictions on dollar settlements in world trade will increase the opportunities for using national currencies and developing new universal instruments and gold can again become the dollar's main competitor in global trade, Rosneft CEO Igor Sechin said at the Verona Eurasian Economic Forum.
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Why does India's central bank want a hedge against dollar but not de-dollarization?
Submitted by admin on Sat, 2024-12-07 23:15 Section: Daily DispatchesBy Ravi Dutta Mishra
The Indian Express, Noida, India
Saturday, December 7, 2024
Reserve Bank of India Governor Shaktikanta Das said Friday that India is not pursuing "de-dollarization" and that recent measures promoting transactions in domestic currencies are intended to de-risk Indian trade.
The clarification came days after U.S. President-elect Donald Trump threatened "100% tariffs" against BRICS countries if they sought to reduce reliance on the US. dollar in international trade.
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African banks set up shop in China as Beijing pushes for yuan to eclipse U.S. dollar
Submitted by admin on Sat, 2024-12-07 22:28 Section: Daily DispatchesBy Jevans Nyabiage
South China Morning Post, Hong Kong
Saturday, December 7, 2024
Africa's top lenders are opening branches in major Chinese cities in a race to tap into growing trade ties between China and Africa amid Beijing's push for yuan-based transactions.
This is despite threats from the United States, where president-elect Donald Trump has said he will impose 100% tariffs on BRICs countries that pursue de-dollarisation.
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Chinese central bank resumes reporting gold purchases
Submitted by admin on Sat, 2024-12-07 09:20 Section: Daily DispatchesReuters keeps pretending they stopped.
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China's Central Bank Resumes Gold Purchases After Six-Month Hiatus
By Polina Devitt, Qiaoyi Li, Ryan Woo, and Winni Zhou
Reuters
Saturday, December 7, 2024
SHANGHAI -- China's central bank resumed buying gold for its reserves in November after a six-month pause, official data by the People's Bank of China showed today.
Rouble rebounds past 100 vs. dollar after Putin's gas payments decree
Submitted by admin on Fri, 2024-12-06 19:00 Section: Daily DispatchesBy Gleb Bryanski and Elena Fabrichnaya
Reuters
Fridqy, December 6, 2024
MOSCOW -- The Russian rouble rebounded past 100 to the U.S. dollar, trading at 99.50 on Friday, after a decree by President Vladimir Putin which opened new payment options for European buyers of Russian gas, allowing foreign currency flows to resume.
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