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Daily Dispatches
India's government ran a $13 billion naked short on gold, and now it's a disaster
Submitted by admin on Fri, 2025-03-21 12:13 Section: Daily DispatchesBy Andy Mukherjee
Bloomberg News
via The Times of India, Mumbai
Friday, March 21, 2025
Silver price suppression, long obvious, starts to break through at Kitco
Submitted by admin on Fri, 2025-03-21 09:38 Section: Daily Dispatches9:39a ET Friday, March 21, 2025
Dear Friend of GATA and Gold (and Silver):
Market analyst and financial letter writer Jesse Colombo this week produced an excellent summary of silver price suppression. While nothing about it will be new to those who have followed GATA's work, it is sensational all the same, insofar as it has been posted at Kitco.com, nearly the last monetary metals-oriented news organization to acknowledge the obvious, having long prohibited mention of monetary metals price suppression arising from government policy.
UK regulator fines London Metal Exchange for nickel futures blowup
Submitted by admin on Thu, 2025-03-20 09:34 Section: Daily DispatchesBy Elliot Gulliver-Needham
City AM, London
via MSN, Redmond, Washington
Thursday, March 20, 2025
The Financial Conduct Authority handed a landmark L9.2 million fine to the London Metal Exchange after it failed to prevent extreme volatility in the nickel market in March 2022.
In its first enforcement action against an investment exchange, the FCA criticised the exchange's systems and controls that did not ensure "orderly trading under conditions of severe market stress."
... Dispatch continues below ...
Fed says it will slow balance sheet runoff process
Submitted by admin on Thu, 2025-03-20 09:20 Section: Daily DispatchesBy Michael S. Derby
Reuters
Wednesday, March 19, 2025
WASHINGTON -- The Federal Reserve said today that starting next month it will slow the pace of its balance sheet drawdown amid an ongoing impasse over lifting the government's borrowing limit, a shift that will likely hold for the remainder of the process.
Alasdair Macleod: The gold leasing scam is over
Submitted by admin on Thu, 2025-03-20 09:02 Section: Daily DispatchesThis analysis was published Wednesday in Alasdair Macleod's financial letter at Substack and is republished here by his kind permission. Macleod's letter is published every few days and a seven-day free trial subscription is available. Rates are $10 per month or $120 per year. To subscribe, please visit:
Jeremy Warner: Pity Gordon Brown, who sacrificed Britain's riches
Submitted by admin on Wed, 2025-03-19 10:14 Section: Daily DispatchesBy Jeremy Warner
The Telegraph, London
Wednesday, March 19, 2025
Poor old Gordon Brown. There were many positives about his time as Chancellor, which compared with today seems like a golden age of above-trend growth, tame inflation and relative stability in the public finances.
He was also instrumental in keeping the UK out of the euro, and played a key role in galvanising a global response to the financial crisis, thereby arguably preventing the world economy from sliding into a second great depression.
GoldCore's Jan Skoyles: Comex may be dissociating from London to bolster its solvency
Submitted by admin on Tue, 2025-03-18 20:21 Section: Daily Dispatches8:22p ET Tuesday, March 18, 2025
Dear Friend of GATA and Gold:
GoldCore's Jan Skoyles today expresses skepticism about the routine explanation offered by CME Group for the termination of four monetary metals futures contracts on its New York Commodities Exchange, three of them linked to trading in London.
GATA reported the changes this morning:
Utah has invested $60 million in gold. Here's how the state would use it
Submitted by admin on Tue, 2025-03-18 19:17 Section: Daily DispatchesBy Robert Gehrke
The Salt Lake Tribune, Salt Lake City, Utah
Monday, March 18, 2025
Sitting in a vault on Salt Lake City's west side is a bit of Utah treasure -- $60 million in gold purchased over the course of the last several months, part of a minor gold rush led by state Rep. Ken Ivory.
Trump has transformed the Oval Office -- with gold everywhere
Submitted by admin on Mon, 2025-03-17 21:42 Section: Daily DispatchesBy Joe Sommerlad
The Independent, London
Monday, March 17, 2025
Donald Trump's first eight weeks back in the White House have been a whirlwind but the president has still found time for one of his passions: interior decoration.
Not content with firing out executive orders, raising and lowering tariffs, and unnerving the stock markets and America's allies alike, the president has been busy redesigning the Oval Office, ensuring its furnishings, fixtures, and ornaments are more in-keeping with his personal taste.
... Dispatch continues below ...
CME Group terminates four monetary metals futures contracts for lack of activity
Submitted by admin on Mon, 2025-03-17 09:38 Section: Daily Dispatches9:38a ET Monday, March 17, 2025
Dear Friend of GATA and Gold (and Silver):
CME Group, operator of the major futures markets in the United States, announced Friday the termination of three gold-related and one silver-related futures contracts: gold kilo futures, London spot gold futures, London spot silver futures, and cleared OTC London gold forwards:
https://www.cmegroup.com/content/dam/cmegroup/notices/ser/2025/03/ser-9515.pdf
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