You are here
Daily Dispatches
JPMorgan to pay $330 million to settle claim of fraud against Malaysian sovereign wealth fund
Submitted by admin on Sat, 2025-08-23 20:54 Section: Daily DispatchesBy Simon Foy and Philip Georgiadis
Financial Times, London
Saturday, August 23, 2025
JPMorgan has agreed to pay $330 million to the Malaysian government to settle claims related to its role in the 1MDB financial scandal.
In a joint statement with the Malaysian government on Friday, JPMorgan said it would contribute the amount to Malaysia's Assets Recovery Trust Account "without admission of liability."
... Dispatch continues below ...
... ADVERTISEMENT ...
GATA's Steer discusses silver's likely breakout from suppression by derivatives
Submitted by admin on Sat, 2025-08-23 12:05 Section: Daily Dispatches12:04p ET Saturday, August 23, 2025
Dear Friend of GATA and Gold:
GATA board member Ed Steer, publisher of Ed Steer's Gold and Silver Digest letter, was interviewed this week by Jesse Day of the Commodity Culture channel on YouTube, discussing silver's likely breakout from the clutches of the banks that have been suppressing prices with derivatives even as physical supply gets extremely short. China, Steer says, is busily acquiring silver directly from miners, avoiding the market rigging in New York and London.
Kalgoorlie's Super Pit aims to reclaim crown as Australia's biggest-producing gold mine
Submitted by admin on Sat, 2025-08-23 11:37 Section: Daily DispatchesBy Jarrod Lucas
Australian Broadcasting Corp., Sydney
Saturday, August 23, 2025
From the public viewing platform overlooking Kalgoorlie's Super Pit gold mine, Greg Hewitt reflects on a four-decade career as an underground miner.
He spent 25 years lugging around a heavy rock drill, known as an air-leg, chasing rich gold deposits at what was once considered the richest square mile on Earth.
... Dispatch continues below ...
... ADVERTISEMENT ...
Considered undependable, Comex and LBMA lose business and paper racket ends by December, Maguire tells LFTV
Submitted by admin on Fri, 2025-08-22 21:34 Section: Daily Dispatches9:35p ET Friday, August 22, 2025
Dear Friend of GATA and Gold:
London metals trader Andrew Maguire, speaking on this week's edition of Kinesis Money's "Live from the Vault" program at YouTube, says major participants in the gold market no longer consider the New York Commodities Exchange and the London Bullion Market Association dependable for delivering real metal and are taking their business to Asian exchanges where delivery is quick.
... Dispatch continues below ...
... ADVERTISEMENT ...
Syria to revalue currency, dropping two zeros in bid for stability, sources tell Reuters
Submitted by admin on Fri, 2025-08-22 10:42 Section: Daily DispatchesBy Feras Dalatey
Reuters
Friday, August 22, 2025
DAMASCUS -- Syria will issue new banknotes, removing two zeros from its currency in an attempt to restore public confidence in the severely devalued pound, according to seven sources familiar with the matter and documents reviewed by Reuters.
The step is intended to strengthen the Syrian pound after its purchasing power collapsed to record lows following a 14-year conflict that ended with President Bashar al-Assad's ouster in December.
... Dispatch continues below ...
Charlie Garcia: Here's the $863 billion secret Powell, Trump, and Bessent aren't telling us about gold and bitcoin
Submitted by admin on Thu, 2025-08-21 23:49 Section: Daily DispatchesBy Charlie Garcia
MarketWatch.com, New York
Thursday, August 21, 2025
S. Africa set to open first underground gold mine in 15 years
Submitted by admin on Thu, 2025-08-21 19:18 Section: Daily DispatchesBy William Clowes and Antony Sguazzin
Bloomberg News
via Mining.com, Toronto
Thursday, August 21, 2025
South Africa is set to open its first new underground gold mine in 15 years -- an increasingly rare event for a country that was once the world's largest producer of the precious metal.
Consider subscribing to GATA supporter Mike Ballanger's daily market letter
Submitted by admin on Thu, 2025-08-21 12:21 Section: Daily Dispatches12:40p ET Thursday, April 21, 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.
The illegal gold rush sweeping the world
Submitted by admin on Thu, 2025-08-21 10:47 Section: Daily DispatchesMaybe someday the Financial Times will report in just as much depth about the legal gold rush sweeping the world and the causes and players behind it, and particularly the players opposing it through market interventions.
* * *
By Michael Pooler, Joe Daniels, Aanu Adeoye, Monica Mark, Chloe Cornish, and Leslie Hook
Financial Times, London
Wednesday, August 20, 2025
Switzerland's gold export surge highlights its U.S. trade dilemma
Submitted by admin on Thu, 2025-08-21 09:49 Section: Daily DispatchesBy Dylan Griffiths
Bloomberg News
via Yahoo News, Sunnyvale, California
Thursday, August 21, 2025
Swiss gold exports to the U.S. surged last month to the highest since March, underscoring the trade imbalance that prompted President Donald Trump to slap a 39% tariff on imports from the country.
Shipments of bullion from Switzerland, the biggest gold-refining hub, to America jumped to almost 51 tons in July, from less than 0.3 tons the previous month. This year's peak was recorded in January, when 193 tons of Swiss gold was shipped to the U.S.
Pages
