First to Report: Russian Gold Breaks Away from London – A New Era Dawns
Russia’s new gold exchange severs London ties, challenging Western price control and signaling a seismic power shift in the global precious metals and financial order.
In a transformative move shaking the bedrock of the international precious metals market, Russia is preparing to launch its own gold trading platform, decisively severing ties with the London Stock Exchange and the London Bullion Market Association (LBMA). This bold initiative signals not only a dramatic assertion of financial sovereignty, but a direct challenge to three centuries of Western dominance over global gold pricing.
Russia Launches Gold Contract, Takes on LBMA Benchmark
Russia will begin trading physical gold on the St. Petersburg International Mercantile Exchange (SPIMEX) by year-end, in a strategic move to establish domestic price benchmarks
St. Petersburg, Russia – Russia, the world’s second-largest gold producer, will begin trading physical gold on the St. Petersburg International Mercantile Exchange (SPIMEX) by year-end, in a strategic move to establish domestic price benchmarks and reduce reliance on the London’s LBMA Bullion benchmark.
SPIMEX Managing Director Igor Chernyshev confirmed the government’s objective: “In the gold market, our goal is to ensure the formation of national price indicators that are independent of international benchmarks, based on the balance of supply and demand in the Russian market.”
“Jim’s dream is now profitable and generating the cash flow to drill baby drill! The property itself is why I originally invested, can’t wait to see drill results over the next 6 months to a year…”
TRX Gold Reports Third Quarter 2025 Results. Delivers Strong Q3 and a Clear Path to Growth
TORONTO, Ontario, July 15, 2025 – TRX Gold Corporation (TSX: TRX) (NYSE American: TRX)(the “Company” or “TRX Gold”) reported its results for the third quarter of 2025 (“Q3 2025”) for the three and nine months ended May 31, 2025. Financial results are available on the Company’s website at www.TRXgold.com.
Stephen Mullowney, TRX CEO commented: “We’re pleased with the progress at Buckreef Gold this quarter, driven by the successful execution of our scheduled strip campaign to access higher-grade ore, combined with lower mining and processing cost per tonne. We have started to see the benefits of this work and since May 31st, the Company’s adjusted working capital turned positive, improving from $3.3 million (negative) to approximately $3.9 million as of today. As a result, the Company’s current ratio has improved from approximately 0.8 at May 31, 2025 to approximately 1.1 as of today, including a reduction in accounts payable and accrued liabilities of approximately $5.6 million. The Company has also substantially repaid its short-term borrowings and has full access to its liquidity lines. Our stockpile has also grown from approximately 290 thousand (“k”) tonnes at an average grade of 1.00 g/t (“grams per tonne”) containing 9,275 ounces of contained gold at May 31st, to approximately 401 k tonnes grading 1.31 g/t with an estimated 16,876 ounces of contained gold currently, setting up strong cash flow generation going forward. Our short-to-medium term priorities are to continue to expand and upgrade processing capacity in line with our PEA, continue greenfield exploration, and strengthen our liquidity.”
Could a gold revaluation be on Trump’s mind? Below, we consider the options facing a debt-sick America.
A Bug Racing for a Windshield
As we’ve been warning for years, the US and USD are a bug rapidly seeking a debt-hard windshield.
The trend and speed of this collision (and debt trap) are becoming increasingly more obvious with each passing day and headline.
In simplest terms, as US debt levels soar moon-bound, trust and interest in its IOUs (and the currency/dollar backing those IOUs) are sinking toward the ocean floor.
The evidence of such otherwise “dramatic” statements is literally everywhere.
J&J Scientist Admits COVID Vax Was ‘Not Safe and Effective,’ Rushed with “Lack of Research”
“We didn’t do the typical tests,” said Joshua Rys, a Lead Scientist in Regulatory Affairs for Johnson & Johnson (J&J), revealed on hidden camera that the typical clinical process was abandoned for the COVID-19 vaccine, knowingly bypassing standard testing protocols under pressure from the U.S. government and public demand. He added, “This was just, ‘let’s test it on some lab models… and just throw it to the wind and see what happens.’”
He acknowledged that the public wasn’t informed about the shortcuts, asking…
Silver Lease Rates are SURGING OVER 6%, Just Like Platinum did before its MAJOR BREAKOUT
Silver shortages hit London as lease rates skyrocket, fueling fears of a historic price squeeze and a violent breakout reminiscent of platinum’s explosive rally.
“The man is not a carnival barker, in fact, his track record has been stellar! My only question is, what sort of world will we be living in with $100+++ silver?”
Michael Oliver Just Predicted The Price Of Silver Will Hit $160-$240
Today Michael Oliver, the man who worked directly with the Chairman of the Comex during the wild 1970s bull market when the price of silver hit an all-time record of $50, and who is well known for his deadly accurate forecasts on stocks, bonds, and major markets, told King World News in one of his greatest audio interviews ever that he predicts the price of silver will hit $160-$240.
July 12 (King World News) – Michael Oliver, Founder of MSA Research: “What is going on right now is silver is compensating for having been restrained for so long by forces that are trying to hold it back. And the problem with that is that when it bites them they are on the short side of the market so the squeeze is them exiting what are now vulnerable short positions. And so I think that is the main driving force in silver in this slingshot move is killing the forces that have stood in its way for several years.
483 million ounces of silver were dumped yesterday, in an hour, in an effort to stop this breakout in silver. This short position is now completely underwater, which means that the bankster that sold those ounces needs to come up with physical. 1/2 pic.twitter.com/U2JqUXWJ9b
“A very good description of the current silver market.”
Bloomberg: Silver Rises Highest Since 2011 as US Premiums Grow
Silver markets are flashing red as the amount of physical silver available for immediate delivery in London has plunged to the lowest levels ever recorded.
According to Daniel Ghali, senior commodity strategist at TD Securities, the so-called “free-float” inventory at the London Bullion Market Association (LBMA) has dropped to just 155 million ounces. That’s less than a single day’s worth of trading volume for spot silver in London, and it marks an unprecedented squeeze in the world’s most important silver trading hub.
“Lowering the reserve requirements on banks… in order to save the Treasury market?”
War, Debt, and Distraction: The Hidden Collapse Behind the Iran Hype
While we are all having our attention directed towards the war with Iran, we should always be looking at the “why.” Keeping in mind the absolutely true adage that all wars are bankers’ wars, I noted this from ZeroHedge.
So while we’re being directed towards the Middle East, I note the easing of the capital rule on banks. This — together with the war — are absolutely totally part of the same equation, despite the fact that not one in a 100 folks will ever know it or realize it, and for that very reason it will progress. Here is the problem…
The US government has quietly initiated a stealth liquidity backdoor for banks by easing capital requirements on Treasury trades.
BillHolter.com 
