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Daily Dispatches
CME Group says its rules ban market rigging, but so what? They didn't catch it
Submitted by admin on Wed, 2025-01-08 11:00 Section: Daily DispatchesDear Friend of GATA and Gold (and Silver):
Our friend Paul Fitzgerald of Groton, Massachusetts, has just proven that even individuals can get the attention of the entities and organizations that purportedly supervise our rigged markets, even if the truth can't always be extracted from them.
Mike Maharrey: Just how good was gold in 2024?
Submitted by admin on Tue, 2025-01-07 19:06 Section: Daily DispatchesBy Mike Maharrey
Money Metals Exchange, Eagle, Idaho
Sunday, January 5, 2025
Gold was one of the best-performing asset classes in 2024, outgaining the red-hot U.S. stock market.
People who follow financial news know that gold had a great year. Despite its typical apathy toward gold, even the mainstream was forced to sit up and take notice. But you may not realize just how well gold did.
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Please help GATA financially and get a 1-ounce silver round commemorating our work
Submitted by admin on Tue, 2025-01-07 17:39 Section: Daily Dispatches5:38p ET Tuesday, January 7, 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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China's central bank buys more gold as prices trade near record
Submitted by admin on Tue, 2025-01-07 17:35 Section: Daily DispatchesBy Sybilla Gross
Bloomberg News
via Yahoo News, Sunnyvale, California
Tuesday, January 9, 2025
China's central bank expanded its gold reserves for a second month in December, signaling renewed appetite after temporarily pausing purchases last year as prices soared.
Bullion held by the People's Bank of China rose to 73.29 million fine troy ounces in December, from 72.96 million in the previous month, according to data released today. The central bank resumed adding to its gold reserves in November after a 6-month pause. ...
TF Metals Report's Craig Hemke details the forces at work on gold and silver in 2025
Submitted by admin on Tue, 2025-01-07 11:49 Section: Daily Dispatches11:47a ET Tuesday, January 7, 2025
Dear Friend of GATA and Gold:
Craig Hemke of the TF Metals Report yesterday published an outstanding analysis of the prospects for the monetary metals in 2025 and the factors likely to influence their prices.
His basic conclusion about gold: "When we combine a softer dollar, lower interest rates, and a weaker economy with the continuance of central bank physical gold demand, we've got the recipe for another year of strong gains ahead."
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Gold miner Barrick threatens to freeze Mali operations in escalating dispute
Submitted by admin on Mon, 2025-01-06 13:02 Section: Daily DispatchesBy Tiemoko Diallo, Divya Rajagopal, and Portia Crowe
Reuters
Monday, January 6, 2025
BAMAKO, Mali -- Canada's Barrick Gold said today it would suspend operations in Mali if the country does not lift restrictions on gold shipments within the coming week, as the mining group faces what sources told Reuters amounted to a confiscation order.
Please help GATA financially and get a 1-ounce silver round commemorating our work
Submitted by admin on Sat, 2025-01-04 15:16 Section: Daily Dispatches3:14p ET Saturday, January 4, 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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As it diversifies assets, India's central bank strategy has a heart of gold
Submitted by admin on Sat, 2025-01-04 15:12 Section: Daily DispatchesFrom the Times of India, Mumbai
Saturday, January 4, 2025
The Reserve Bank of India has accelerated gold purchases since October to mitigate revaluation risks to its foreign exchange stockpile and minimise currency volatility, with a part of the reserves that have come off record highs since late September likely also being used to cushion the rupee's fall against the U.S. dollar.
The central bank bought 20 tonnes of gold in October and November, compared with 30 tonnes during the first six months of the current financial year, a Times analysis of latest RBI data shows.
Biden administration issues permit for Perpetua's Idaho antimony and gold mine, Reuters says
Submitted by admin on Fri, 2025-01-03 19:42 Section: Daily DispatchesBy Ernest Scheyder
Reuters
Friday, January 3, 2025
The Biden administration today issued the final mining permit for Perpetua Resources' Idaho antimony and gold project, a move aimed at spurring U.S. production of a critical mineral at the center of a widening trade war between Washington and Beijing.
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Bullion Star Opens in the U.S., Selling and Vaulting Gold and Silver
Jack Mintz: A sinking Canadian dollar is Trudeau's latest legacy
Submitted by admin on Fri, 2025-01-03 19:32 Section: Daily DispatchesBy Jack Mintz
National Post, Toronto
Friday, January 3, 2025
A sleeper election issue is our sinking dollar, which fell this past year by 9% against the U.S. dollar, reaching its lowest level since April 2003. It now takes $1.44 in Canadian dollars to buy one U.S. dollar.
Flipping it over, $1 Canadian dollar costs just 69.4 U.S. cents.
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