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Daily Dispatches
Vince Lanci: The gold carry trade is being unwound at last
Submitted by admin on Mon, 2025-03-10 10:59 Section: Daily Dispatches11a ET Monday, March 10, 2025
Dear Friend of GATA and Gold:
In a 21-minute video posted at Gold-Eagle, market analyst Vince Lanci argues that the big recent shipments of gold from London to the United States constitute the unwinding of the gold carry trade begun by the U.S. during the Clinton administration for gold price suppression purposes.
That is, the gold is being put back where it was only pretended to be for decades when it was really being leased, rehypothecated, and sold to protect the ever-inflated U.S. dollar against competition.
If normality returned, how many zeroes would have to be put behind the gold price?
Submitted by admin on Mon, 2025-03-10 10:36 Section: Daily Dispatches10:40a ET Monday, March 10, 2025
Dear Friend of GATA and Gold:
What might the price of gold have to be return the United States to a more traditional and sustainable level of debt relative to gross domestic product?
GATA consultant Robert Lambourne attempted such a calculation the other day and it shows how out of whack the gold price has become after decades of Western central bank gold price suppression policy.
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Jim Rickards: If you ask about gold leasing you're 'tampering with the primal forces'
Submitted by admin on Sat, 2025-03-08 22:34 Section: Daily Dispatches10:42p ET Saturday, March 8, 2025
Dear Friend of GATA and Gold:
Market analyst and author James G. Rickards this week schooled ITM Trading's Daniela Cambone about the gold depository at Fort Knox.
A visit to Fort Knox by President Trump and his adviser Elon Musk would be, Rickards says, "the mother of all photo ops," but the gold is still there, even if all of it isn't of the highest purity.
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Weekend edition of Ed Steer's Gold and Silver Digest is posted at SilverSeek
Submitted by admin on Sat, 2025-03-08 18:39 Section: Daily Dispatches6:45p ET Saturday, March 8, 2025
Dear Friend of GATA and Gold:
GATA board member Ed Steer's weekend letter from Ed Steer's Gold and Silver Digest is headlined "Heavy Comex Silver Deposits Continue Unabated" and is posted in the clear at SilverSeek here:
https://silverseek.com/article/heavy-comex-silver-deposits-continue-unabated-2025
On LFTV, Maguire says shortcovering in gold is getting hard to hide
Submitted by admin on Sat, 2025-03-08 17:56 Section: Daily Dispatches5:55p ET Saturday, March 8, 2025
Dear Friend of GATA and Gold:
Signs of shortcovering in the gold market are getting harder to hide, London metals trader Andrew Maguire tells this week's episode of Kinesis Money's "Live from the Vault" program. The bullion banks that used to sell gold unrelentingly are buying for their own accounts, he adds. He believes silver will follow gold's breakout soon.
The program is 53 minutes long and can be viewed at YouTube here:
BIS gold swaps remained extremely low in February
Submitted by admin on Sat, 2025-03-08 11:52 Section: Daily Dispatches12:02p ET Saturday, March 8, 2025
Dear Friend of GATA and Gold:
Gold swaps undertaken by the Bank for International Settlements remained extremely low in February, according to GATA consultant Robert Lambourne, who deciphers the bank's monthly statements of account to make plain what the bank refuses to do except in its annual report.
Lambourne writes that the bank's February statement, published this week --
Jesse Colombo: Why it's finally silver's time to shine
Submitted by admin on Fri, 2025-03-07 20:18 Section: Daily Dispatches8:15p ET Friday, March 7, 2025
Dear Friend of GATA and Gold (and Silver):
In a video report at YouTube and commentary at Money Metals, market analyst Jesse Colombo shows evidence of long-running suppression of silver prices and argues that the monetary metal is nearing an upside breakout.
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Alasdair Macleod: What do rising bond yields mean for gold and silver?
Submitted by admin on Fri, 2025-03-07 14:24 Section: Daily DispatchesBy Alasdair Macleod
GoldMoney, Toronto
Friday, March 7, 2025
EU defence spending plans are driving German, French, and Italian bond yields higher. Japan’s are soaring too. The dollar is sinking.
What does it all mean for gold and silver?
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China's central bank reports raising gold reserves for fourth straight month
Submitted by admin on Fri, 2025-03-07 14:17 Section: Daily DispatchesBy Yukun Zhang, Qiaoyi Li, and Polina Devitt
Reuters
Friday, March 7, 2025
China's gold reserves rose to 73.61 million fine troy ounces at the end of February from 73.45 million at the end of January, as the central bank kept buying the precious metal for a fourth straight month.
China's gold reserves were valued at $208.64 billion at the end of last month, up from $206.53 billion at the end of January, central bank data showed today.
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In interview at PDAC, Eric Sprott forces Kitco to mention market manipulation
Submitted by admin on Wed, 2025-03-05 12:10 Section: Daily Dispatches12:08p ET Wednesday, March 5, 2025
Dear Friend of GATA and Gold (and Silver):
In an interview conducted during the PDAC conference in Toronto this week, mining entrepreneur Eric Sprott pushed silver market manipulation onto the Kitco internet site, which long has been suppressing the price-suppression issue. Silver's price has been manipulated for 50 years, Sprott says, and gold and silver mining company shares are very undervalued. He thinks the silver price could exceed $50 soon.
The interview with Sprott is 18 minutes and can be viewed at Kitco here:
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