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The Trump administration is reportedly in talks with a New York-based investment firm to set up a $5 billion fund to boost mining of critical minerals.
According to a Bloomberg report citing people familiar with the matter, the U.S. International Development Finance Corp. is exploring a joint venture with Orion Resource Partners.
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Looks like @oriental_ghost
has finished his trip and is back to posting China market updates.
Silver closed ~$43.44 in China is London spot it currently $41.82. That's a $1.62 difference (~3.9% over London spot).
SFE silver vault has lost ~21 metric tons since Wed of last week. SGE silver vault gained a tiny 4.1 metric tons last week.
A $1.1bn gold exchange-traded commodity (ETC) distributed by Tabula Investment Management has been all but emptied of assets this month amid heavy outflows.
The SMO Physical Gold ETC (BARS), formed in partnership with responsible sourcing firm Single Mine Origin (SMO), enjoyed strong early traction after launch with the pitch of ‘mine to vault’ traceability resonating with gold hungry, ESG-focused investors.
BARS is managed by Zipa Investment Management, a Cayman-based entity which was established to launch and issue the product.
After peaking at just shy of $1.4bn in assets under management (AUM) in April, the fund has been rocked by large redemptions shedding around 99.5% of assets since 30 July, as the below chart shows.
It is now all but empty and houses just $5.6m in assets, per Trackinsight figures.
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Same for GLD and SLV...So someone was tipped off that that ETF was a scam. Clearly wasn't much retail money in it either.
They took the gold and fled.
I love the miners!Dragging the miners with them too.
pmbug said:Gold is up and silver is just barely, slightly up from yesterday's close in overnight trading in China. Silver is still at a premium to LBMA spot / COMEX futures and gold is still at a discount to same.
The SGE silver vault reports a modest net outflow across last week. SGE silver vault has largely been draining it's stock since the beginning of August in spite of silver trading on the SGE at a premium to the West.
You're lying to me!!"there is no 999 white gold"
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