Articles related to Bank participation report
 
Theodore Butler - Butler Research
  No Manipulation, After All
In the never-ending search to either verify or rebut one’s own findings, I’d like you to consider something different today. I’m going to ask you to set aside my highly specific allegations of wrong-doing in the silver and gold markets, mostly centering on JPMorgan, and focus instead on whether if what I allege is really wrong or even matters much. Even though my allegations are based upon data published by the CFTC and CME Group, I would ask you to put that aside and consider that I may have be
Thursday, February 15, 2018
Sprott Money
Banks Again Defending Silver's 200-Day Moving Average - Craig Hemke
The Bullion Bank trading desks, which are routinely short thousands of metric tonnes of digital silver, are once again attempting to keep price below the 200-day moving average. And why is this so important to The Banks? For the most basic reasons of all...greed and profit. The only data available to measure the size of the Bank net short position in Comex silver comes from the corrupt and compromised CFTC. Though it seems useless to use CFTC-generated data, unfortunately we have no other choice
Thursday, November 30, 2017
Sprott Money
Under The Thumb Of The Banks - Craig Hemke
The price of Comex Digital Gold continues to be held hostage by the major Bullion Banks which operate on the Comex in New York. Though some "improvement" in their collective position was noted in the latest bank Participation Report, it is very important to note that The Banks are still as heavily net short as they were at the price peak in the summer of 2016. We wrote about this recent surge in Bank shorting last month and the article can be found here: https://www.tfmetalsreport.com/blog/855
Wednesday, October 18, 2017
Sprott Money
On Guard Against The Banks - Craig Hemke
Following the events of yesterday, it seems wise this morning to take an in-depth look at the charts in order to discern what moves The Banks may take next in the hope of stemming this rally and reversing the trends. Let's start with Comex Digital Gold. It has been in an UPtrend since July 10 and this rally has carried it $150 or about 12.5%. In doing so, The Commercials on the CoT have increased their NET short position by 182,000 contracts and, specifically, the 24 Banks of the Bank Par
Tuesday, September 12, 2017
Ronan Manly - Bullion Star
Is the COMEX Rigged
The COMEX gold futures market and the London OTC gold market have a joint monopoly on setting the international gold price. This is because these two markets generate the largest ‘gold’ trading volumes and have the highest ‘liquidity’. However, this price setting dominance is despite either of these two markets actually trading physical gold bars. Both markets merely trade different forms of derivatives of gold bars. Overall, the COMEX (which is owned by the CME Group) is even more dominant that
Tuesday, July 18, 2017
Theodore Butler - Butler Research
Another Opportunity
An unusual confluence of seemingly unrelated factors may have created an opportunity to do something about the silver (and gold) manipulation. On Monday, April 10, two new officials assumed key roles with the Commodity Futures Trading Commission (CFTC) – a new director of the Enforcement Division and the first chief officer of the newly-created Market Intelligence Unit. The main mission of both departments is to uncover and terminate market fraud and manipulation, the same overall prime mission
Wednesday, April 12, 2017
Sprott Money
Managed Money Traders M.I.A. in Silver in Friday’s COT Report - Ed Steer
YESTERDAY in GOLD, SILVER, PLATINUM and PALLADIUM The gold price traded quietly lower in Far East trading on their Friday — and back below $1,200 spot, with the low tick of the day printed about ten minutes before the London open. It crept higher from there until at, or just after, the noon GMT silver fix. It was sold a bit lower from there — and about ten minutes before the COMEX open, it began to rally with some real authority, but ran into the usual long selle
Tuesday, March 14, 2017
Sprott Money
Onward Toward Bullion Bank Collapse - Craig Hemke
The events of Friday not only speed the eventual collapse of the Bullion Bank Paper Derivative Pricing Scheme, they also highlight the fraud of this current system and shine light upon the utter desperation of these Banks to maintain it. We've written about this countless times over the past six years. Here are just two recent examples: http://www.tfmetalsreport.com/blog/7576/fun-comex-open-interest http://www.tfmetalsreport.com/blog/7605/comex-gold-open-interest In short, as a measure of
Monday, June 27, 2016
Jeffrey Lewis
Silver Wildcats Part 2 — Concentrated Cohorts and Long Corners
In part 1 of this series I floated the idea that in addition to buying up 150 million ounces (30k COMEX contracts) of American Silver Eagles and Canadian Maple Leafs (as Ted Butler claims and no one has been able to refute in a meaningful may)….…that instead of melting down the government-minted coins, they are holding them 'outside of the COMEX delivery system'. Thereby sequestering that part of the hoard in an ‘undeliverable’ format or… Forestalling or Burying The CorpseDocumented throughout t
Monday, June 20, 2016
Sprott Money
The Latest Bank Participation Report - Craig Hemke
The latest CFTC-generated Bank Participation Report provides another case study of the methods through which the major Bullion Banks attempt to influence and direct gold prices. We've written about these CFTC-generated reports so many times, it would be impossible to link every post. However, nearly every post began with these bullet points. Here they are again, just so that we're on the same page: The CFTC's Bank Participation Report is issued monthly from a survey taken at the Comex cl
Monday, June 20, 2016
Chris Powell - GATA
TF Metals Report: The latest bank participation report
The TF Metals Report's Turd Ferguson today updates the latest U.S. Commodity Futures Trading Commission report on the gold futures market positioning of bullion banks, notes that they are again hugely short, and complains that this signifies market manipulation rather than legitimate hedging. Ferguson's analysis is headlined "The Latest Bank Participation Report" and it's posted at the TF Metals Report here: http://www.tfmetalsreport.com/blog/7675/latest-bank-participation-report
Tuesday, June 14, 2016
Sprott Money
The Epic Battle Continues - Craig Hemke
On one side, we have The Specs. These" investors" seek an exposure to gold through ownership of the paper derivative offered by The Comex. On the other side, we have The Banks. These " criminals" fraudulently create unlimited amounts of unbacked paper gold and sell them to The Specs in an attempt to cap price and, ultimately, profit by covering at lower prices. Which side will win? With open interest near record levels in both gold and silver, we're likely not going to have to wait much
Wednesday, May 18, 2016
Sprott Money
Assessing The Latest Bank Participation Report - Craig Hemke
We monitor the daily open interest changes in Comex gold and silver. We also wait each Friday for the latest Commitment of Traders report. Once a month, however, we also get the Bank Participation Report and, though it might be complete garbage and full of lies, we also need to consider this report for some historical perspective. We've written about these CFTC-generated reports so many times, it would be impossible to link every post. However, nearly every post began with these bullet p
Wednesday, May 11, 2016
Chris Powell - GATA
TF Metals Report: Assessing the latest bank participation report
Conscientious as ever, the TF Metal's Report's Turd Ferguson today reviews the monthly Bank Participation Report of the U.S. Commodity Futures Trading Commission about positioning in the U.S. gold futures market, acknowledging that the report is likely full of deceptions if not outright lies but adding that it may have some value through historical comparison. Your secretary/treasurer would add that in addition to the proven unreliability of the data as noted by Ferguson, the reporting banks ma
Wednesday, May 11, 2016
Jeffrey Lewis
Silver Price Illusion Versus Reality - A Little Help Keeping Your Head About You
Transcript below:Hey, stay right there. I'm really happy to be here. If you know me or if you're brand new to this, I'm excited because number 1, I get to talk about what silver prices look like in the current reality versus the inevitable reality. Also this is the first time that I've been able to present in this format, so I look forward to seeing how it goes. If you don’t know me… The title of today's; I know you like my slides, but the title of today's program is Silver Price Illusion Versus
Sunday, September 20, 2015
Chris Powell - GATA
T.F. Metals Report: Bank participation report update
Gold-futures trading big banks seem to have completed another cycle of price suppression and the price of gold futures is likely to incline upward now, the TF Metals Report's Turd Ferguson reports today. His commentary is headlined "Bank Participation Report Update" and it's posted at the T.F. Metals Report here: http://www.tfmetalsreport.com/blog/6759/bank-participation-report-update
Monday, April 13, 2015
Chris Powell - GATA
TF Metals Report: Assessing another bank participation report
Futures trading data from the U.S. Commodity Futures Trading Commission isn't reliable, the TF Metals Report's Turd Ferguson acknowledges today, but he thinks some useful information still can be extracted from it. His commentary is headlined "Assessing Another Bank Participation Report" and it's posted at the TF Metals Report here: http://www.tfmetalsreport.com/podcast/6017/assessing-another-bank-partic...
Monday, August 11, 2014
Alasdair Macleod - Finance and Eco.
Market Report: Sharp consolidation
Before yesterday's (Thursday) rise in bullion prices, precious metals were in corrective mode this week after recent rises. There were two big stand-out sales of gold contracts on Monday, estimated to be about 5,000 contracts at the European opening, and 15,000 on the US opening. The combination of the two sales drove gold down over $30, and on Tuesday a further sale of 15,000 contracts drove the price down to a low of $1293 for a total fall of $45. This negative action occurred at the same time
Saturday, July 19, 2014
Alasdair Macleod - Finance and Eco.
Unwinding unallocated gold accounts.
The debate in precious metal markets today is whether or not the three-year bear market is over and a new uptrend is establishing itself. But assuming for a moment that the gold price has turned the corner, will the bullion banks be able to keep a lid on it? Given the recent jump in their short positions as recorded in the Bank Participation Report on Comex, they presumably think so, and unallocated accounts in London will play an important role. With an unallocated account the customer doesn't
Friday, July 11, 2014
Alasdair Macleod - Finance and Eco.
Market Report: The ghost of bail-ins past returns the financial stage
Gold and silver had a good week after the US holiday last Friday. From a low of $1312 on Tuesday, gold rose to a high point of $1345 yesterday, and silver from $20.84 to $21.60. Open interest is climbing too for both metals, as shown in the following charts. This is healthy and indicates that the uptrend has some wind behind it. However, the Bank Participation Report for 1 July shows a sharp deterioration in the banks' positions, illustrated in our third chart. The net long position of the
Friday, July 11, 2014
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