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Daily Dispatches
Gold and silver aren't 'overbought' but oversold by a central bank that has none, Maguire tells LFTV
Submitted by admin on Sat, 2025-10-04 07:41 Section: Daily Dispatches7:42a ET Saturday, October 4, 2025
Dear Friend of GATA and Gold:
The U.S. Federal Reserve is the only major entity still running short positions in gold and silver, London metals trader Andrew Maguire says in this week's edition of Kinesis Money's "Live from the Vault" program.
Maguire adds that, as your secretary/treasurer and others long have speculated, the bullion banks nominally carrying short positions in the monetary metals are actually just executing Federal Reserve positions. "No bullion bank is short for its own book," Maguire asserts.
Alasdair Macleod: Where are the bulls?
Submitted by admin on Fri, 2025-10-03 12:02 Section: Daily DispatchesBy Alasdair Macleod
GoldMoney, Toronto
Friday, October 3, 2025
Comex is effectively the largest gold and silver mine, with stand for deliveries a source for bullion. The conversion of paper gold and silver into bullion is now conspicuous. It cannot last.
As our headline chart illustrates --
https://www.gata.org/sites/default/files/Macleod-Chart-10-03-2025.doc
Gold stocks trounce AI-led chip rally with 135% gain in 2025
Submitted by admin on Fri, 2025-10-03 10:11 Section: Daily DispatchesBy Winnie Hsu
Bloomberg News
via Yahoo News, Sunnyvale, California
Friday, October 3, 2025
Despite all the hype over artificial intelligence and the surge in chip stocks this year, gold miners have actually been the better buy.
A gauge of gold equities from MSCI Inc. has soared about 135% this year, tracking gains in the precious metal. It's on course for its greatest-ever outperformance versus the index compiler's measure of major global semiconductor firms, which is up 40%.
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Paul Brownstein: Morgan Stanley displaces bonds for gold
Submitted by admin on Fri, 2025-10-03 09:19 Section: Daily DispatchesBy Paul Brownstein
Charts and Parts, Substack
Friday, October 3, 2025
Morgan Stanley just blinked.
After decades of worshiping at the altar of 60/40 (stocks/bonds), they have shifted to 60/20/20 (stocks/bonds/gold). Gold now has a real seat at the table.
Nobody likes to go first -- not in markets, not in start-ups, not in fashion. But once the ice breaks, the floodgates can open.
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India's September gold, silver imports nearly double despite record prices, sources tell Reuters
Submitted by admin on Thu, 2025-10-02 09:30 Section: Daily DispatchesBy Rajendra Jadhav
Reuters
via The Times of India, Mumbai
Tuesday, September 30, 2025
MUMBAI -- India's imports of gold and silver nearly doubled in September from August, defying record high prices, as banks and jewelers rushed to build inventories ahead of festivals and escape higher taxes on imports, trade and government sources said.
Higher imports by India, the world's second-biggest consumer of the precious metal, are set to support gold prices that hit records this week, even as demand languishes in top buyer China.
Sound Money Defense League chief JP Cortez details its progress
Submitted by admin on Wed, 2025-10-01 16:38 Section: Daily Dispatches4:39p ET Wednesday, October 1, 2025
Dear Friend of GATA and Gold:
The Sound Money Defense League's executive director, JP Cortez, is interviewed today by Miles Franklin Media's Andy Schectman about the organization's work and the growing movements among U.S. states to recognize gold and silver as official forms of money. The objective, Cortez says, is to break the federal government's monopoly on money.
"Fiat" money, Cortez says, is the root of unnecessary wars and the impoverishment of the people.
Former Vietnam gold agency CEO sentenced to 25 years for fraud
Submitted by admin on Tue, 2025-09-30 10:18 Section: Daily DispatchesFrom Tuoi Tre News, Ho Chi Minh City, Vietnam
Tuesday, September 30, 2025
The People's Court of Ho Chi Minh City on Monday handed down a 25-year prison sentence to Le Thuy Hang, former CEO of Saigon Jewelry Co., for embezzlement and abuse of power.
She was also ordered to pay VND14 billion (US$529,905) in compensation to SJC and VND73 billion ($2.8 million) to the state budget.
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Gold boom spurs push by Africa to cash in on its riches
Submitted by admin on Tue, 2025-09-30 09:56 Section: Daily DispatchesBy William Clowes
Bloomberg News
Tuesday, September 30, 2025
A spectacular gold-market boom is spurring a push by African nations -- where the ground is rich in the precious metal -- to extract more revenue.
Bullion has soared almost 50% this year and hit yet another all-time high today at more than $3,800 an ounce. Global tensions stoked by President Donald Trump’s trade war, fears of an American government shutdown, and central bank buying have all helped to bolster its appeal as a safe-haven asset.
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Natascha Viljoen is appointed Newmont's first female CEO
Submitted by admin on Mon, 2025-09-29 10:41 Section: Daily DispatchesBy Vallari Srivastava
Reuters
Monday, September 29, 2025
Newmont today named Natascha Viljoen as its first female CEO, succeeding Tom Palmer, at a time when the gold mining sector tries to cope with a slew of challenges, even as the precious metal hits a series of new highs.
Viljoen's appointment coincides with the abrupt resignation of Mark Bristow as CEO of rival Barrick Mining earlier in the day.
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Ross Norman: Gold isn't defying gravity -- commodities are political weapons now
Submitted by admin on Mon, 2025-09-29 10:26 Section: Daily DispatchesBy Ross Norman
Metals Daily, London
Monday, September 29, 2025
Is gold defying gravity?
As I see it, you have two options: either to believe the laws of gravity have been suspended, or to accept that gold and other precious metals exist within an entirely new paradigm. Simply claiming that the markets are massively overpriced and will return to "normal" marks you as a dinosaur who has y
et to understand that fundamental changes have occurred. ...
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