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Daily Dispatches
Alasdair Macleod: Turmoil with gold is a lot more than tariffs
Submitted by admin on Sat, 2025-02-01 09:27 Section: Daily DispatchesBy Alasdair Macleod
GoldMoney, Toronto
Saturday, February 1, 2025
A Comex exchange-for-physical crisis is in progress, repeating the disruption during covid. The media story blames Trump’s potential tariffs. But is this the real reason gold is hitting new highs?
Vince Lanci: It's not tariffs -- it's that everybody, even the U.S., wants its gold back
Submitted by admin on Fri, 2025-01-31 19:26 Section: Daily Dispatches7:26p ET Friday, January 31, 2024
Dear Friend of GATA and Gold:
Fund manager and market analyst Vince Lanci of Echo Bay Partners in Stamford, Connecticut, today examines the turmoil in the London gold market and concludes that it arises from far more than the fear of tariffs.
He construes the turmoil as signifying that many people around the world have figured out the fractional-reserve basis of Western gold price suppression policy and want to repatriate their gold -- including people in the United States.
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JPMorgan planning $4 billion gold delivery in U.S. amid tariff fears
Submitted by admin on Fri, 2025-01-31 18:17 Section: Daily DispatchesBy Jack Ryan and Jack Farchy
Bloomberg News
Friday, January 31, 2025
JPMorgan Chase & Co. will deliver gold bullion valued at more than $4 billion against futures contracts in New York in February, at a time when surging prices and the threat of import tariffs are fueling a worldwide dash to ship metal to the United States.
Why there's now 'incredible demand for physical gold' in New York market
Submitted by admin on Fri, 2025-01-31 13:58 Section: Daily DispatchesBy Myra P. Saefong
MarketWatch, New York
via Dow Jones Newswires and Morningstar, New York
Friday, January 31, 2025
Comex gold warehouse stocks have climbed 30% in two weeks
A rush on physical gold, thanks to President Donald Trump's tariff plans, has fueled a rise in prices of the precious metal to fresh record highs.
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Robert Lambourne: Amid London gold turmoil, monthly report from BIS is missing
Submitted by admin on Fri, 2025-01-31 13:37 Section: Daily DispatchesBy Robert Lambourne
Friday, January 31, 2025
The Bank for International Settlements in Basel, Switzerland, has not published its December 2024 statement of account during January 2025 as required by Article 49 of the bank's statutes. This is unusual.
Given this week's turmoil in the London gold market, with physical metal reportedly being rushed to the United States to beat the possible introduction of tariffs on gold, it seems quite a coincidence that th BIS report hasn't been published on time.
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What if the shortage of gold in London isn't a tariff scare but ... a shortage of gold?
Submitted by admin on Thu, 2025-01-30 23:34 Section: Daily Dispatches11:38p ET Thursday, January 30, 2025
Dear Friend of GATA and Gold:
If reports this week from the Financial Times and Reuters are correct --
China funnelled nearly $57 billion to control critical minerals supply chain
Submitted by admin on Wed, 2025-01-29 16:31 Section: Daily DispatchesBy Cecilia Jamasmie
Mining.com, Toronto
Wednesday, January 29, 2025
China has systematically extended its control over critical minerals essential for the global energy transition and net-zero emissions, using a network of at least 26 state-backed financial institutions over the past two decades, a new report shows.
London gold market queues up to borrow central bank gold after big shipments to U.S., sources say
Submitted by admin on Wed, 2025-01-29 14:59 Section: Daily DispatchesThat is a nice way of saying: The Bank of England strains to help bullion banks and perhaps the Federal Reserve keep the gold price down again.
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By Polina Devitt
Reuters
Wednesday, January 29, 2025
LONDON -- London bullion market players are racing to borrow gold from central banks, which store bullion in London, following a surge in gold deliveries to the United States on speculation of potential import tariffs there, two sources familiar with the matter said.
Please help GATA financially and get a 1-ounce silver round commemorating our work
Submitted by admin on Wed, 2025-01-29 14:56 Section: Daily Dispatches2:56p ET Wednesday, January 29, 2025
Dear Friend of GATA and Gold:
Longstanding Western central bank policy of monetary metals price suppression has never been more vulnerable than it is today.
Governments and central banks around the world have been defecting from the policy this year, accumulating gold and silver instead of lending them.
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Rush to stockpile gold in New York leads to London shortage
Submitted by admin on Wed, 2025-01-29 09:51 Section: Daily DispatchesBy Leslie Hook
Financial Times, London
Wednesday, January 29, 2025
A surge in gold shipments to the United States has led to a shortage of bullion in London, as traders amass an $82 billion stockpile in New York over fears of Trump administration tariffs.
The wait to withdraw bullion stored in the Bank of England's vaults has risen from a few days to between four and eight weeks, according to people familiar with the process, as the central bank struggles to keep up with demand.
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