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Daily Dispatches
World Gold Council concocting another form of disembodied gold
Submitted by admin on Wed, 2025-09-03 09:33 Section: Daily DispatchesLondon’s Bullion Market to Trial Digital Gold
By Leslie Hook
Financial Times, London
Wednesday, September 3, 2025
The World Gold Council is seeking to launch a digital form of gold, a move that could revolutionise London's $900 billion physical market for the precious metal by creating a new way to trade, settle, and collateralise bullion.
Clive Maund: A major breakout and a meltup alert for silver
Submitted by admin on Tue, 2025-09-02 20:14 Section: Daily DispatchesBy Clive Maund
via Money Metals Exchange, Eagle, Idaho
Tuesday, September 2, 2025
Silver is building up to breaking out above the key $50 level to new all-time highs, a major technical event that is expected to trigger a scorching short-covering rally that will be driven by a massive short squeeze that could trigger a "forcé majeure" event where delivery becomes impossible because there's no silver on hand to deliver, as in "Sorry, we haven’t got any."
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Consider subscribing to GATA supporter Mike Ballanger's daily market letter
Submitted by admin on Tue, 2025-09-02 20:07 Section: Daily Dispatches8:06p ET Tuesday, September 3, 2025
Dear Friend of GATA and Gold:
GATA long has been reading the daily market letter from our old friend Michael J. Ballanger in Canada, a letter that concentrates on the mining industry but often has a wider focus and, unlike most financial letters, acknowledges market manipulation. Your secretary/treasurer thinks it's a great letter and as you'll see below, Ballanger now is taking new subscribers again and is offering a substantial subscription fee discount to GATA supporters.
I think you'll enjoy it and find it profitable.
Jesse Colombo: Gold and silver officially confirm their breakouts
Submitted by admin on Tue, 2025-09-02 19:51 Section: Daily DispatchesBy Jesse Colombo
The Bubble Bubble Report
Tuesday, September 2, 2025
Today is a very exciting day because gold and silver have both officially broken out, giving the green light for powerful rallies into year-end. This is the scenario I've been long anticipating as summer wrapped up and Wall Street returned from vacation mode.
In my last update on Sunday, I explained that gold and silver were beginning to break out, but I was waiting for additional confirmation such as strong Comex futures volume and breakouts across all major currencies.
Developing countries swap out of dollar debt to cut borrowing costs
Submitted by admin on Tue, 2025-09-02 07:11 Section: Daily DispatchesBy Joseph Cotterill, Christine Murray, and Joe Daniels
Financial Times, London
Tuesday, September 2, 2025
Developing countries are moving out of dollar debts and turning to currencies with rock-bottom interest rates such as the Chinese renminbi and Swiss franc.
The shift, embarked upon by indebted countries including Kenya, Sri Lanka and Panama, reflects the higher rates set by the U.S. Federal Reserve, which have angered President Donald Trump as well as increasing other countries' debt servicing costs.
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China advances development bank to help 10 Eurasian countries curb U.S. dollar risks
Submitted by admin on Tue, 2025-09-02 07:05 Section: Daily DispatchesBy Ralph Jennings
South China Morning Post, Hong Kong
Tuesday, September 2, 2025
A strong push on Monday to create a development bank serving 10 Eurasian countries, including China, would help insulate the group from increasingly risky U.S. dollar-dominated trade while accelerating key infrastructure work, according to analysts.
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India's central bank edges away from U.S. Treasuries toward gold
Submitted by admin on Tue, 2025-09-02 06:58 Section: Daily DispatchesFrom the Times of India, Mumbai
Monday, September 1, 2025
U.S. Treasury bills seem to be losing favour, with the Reserve Bank of India stepping up gold holdings to increase India's foreign exchange reserves.
India's central bank has shown a preference for increasing gold reserves instead of U.S. Treasury bills to strengthen its foreign exchange holdings, according to recent data from the U.S. Department of Treasury and RBI. This is part of a broader global shift towards diversifying national reserves beyond dollar-based assets.
Gold trades near record highs on U.S. rate cut bets as silver reaches 14-year high
Submitted by admin on Mon, 2025-09-01 14:33 Section: Daily DispatchesBy Ishaan Arora and Brijesh Patel
Reuters
Monday, September 1, 2025
Gold hit a more than four-month high today to trade around $23 shy of all-time highs, buoyed by U.S. Federal Reserve rate cut bets and a softer dollar, while silver breached $40 per ounce for the first time since 2011.
Spot gold was up 0.9% at $3,477.56 per ounce by 9:37 a.m. ET, its highest since April 22 when it touched a record-high of $3,500.05. U.S. gold futures for December delivery gained 0.9% to $3,547.70.
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Mike Maharrey: For first time in nearly 30 years, foreign central banks hold more gold than U.S. treasuries
Submitted by admin on Fri, 2025-08-29 19:04 Section: Daily DispatchesBy Mike Maharrey
Money Metals Exchange, Eagle, Idaho
Thursday, August 28, 2025
For the first time since 1996, foreign central banks hold more gold than U.S. Treasuries as the world continues to de-dollarize.
Crescat Capital macro strategist Tavi Costa highlighted the crossover moment in a post on X, saying it is "likely the beginning of the most significant global rebalancings we've experienced in recent history."
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Alasdair Macleod: Gold and silver are preparing for liftoff
Submitted by admin on Fri, 2025-08-29 13:06 Section: Daily DispatchesBy Alasdair Macleod
GoldMoney, Toronto
Friday, August 29, 2025
Gold and silver are ready to break into new highs as investors increasingly lose faith in the dollar. Bear squeezes in gold and silver are now driving prices, which look set to move higher.
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