Articles related to Bullion bank
 
Sprott Money
A Massive Surge In GLD "Inventory" - Craig Hemke
Yesterday saw the 2nd-largest one day surge in GLD "inventory" in the past five years. What does this signal, if anything at all? I think most everyone here knows how I feel about the GLD. It's a scam. It's a sham and it's a fraud. Oh sure, there's almost certainly some gold held in the HSBC vaults but how much is truly, 100% allocated to just the GLD? Recall the whole charade from back in 2011 when Bob Pissonme of CNBS was allegedly driven in circles for hours before being allowed into t
Wednesday, September 6, 2017
Bullion Vault
Gold Prices Ease at 2-Year Yen High as Japan Plans Evacuation, N.Korea Prepares for Foundation Day
GOLD PRICES dipped briefly below $1330 per ounce in London trade Tuesday morning, holding near yesterday's spike to 11-month highs as the Dollar weakened again and reports said North Korea is moving an intercontinental missile towards its west coast after firing a 6th test in 2 weeks. Gold priced in Yen eased back from early Monday's spike to sudden 2-year highs as the Japanese currency recovered on the FX market.
Tuesday, September 5, 2017
Egon von Greyerz - Matterhorn AM
  THERE JUST ISN’T ENOUGH GOLD
There are lies damned lies and Central Bank Gold statistics. Total official global gold holdings are reported to be 33,000 tonnes. That is 19% of all the gold ever produced in the world. But how can anyone ever believe any of these figures. Because no central bank ever has a public audit of all its gold holdings. Since the gold belongs to the people, they have the right to know if the gold actually exists, especially since the gold reserves are backing the currency. Why is the US gold not audite
Monday, September 4, 2017
Michael Ballanger
Shifting the Narrative
For most of the past eight weeks, the financial media have been attempting to tilt the scales of conversation away from the weak macro backdrop in favor of the new initiative on Afghanistan and/or the Trump White House and/or domestic and international terror. As stocks rally in the face of flat earnings growth and rising P/Es, I have noticed an unwavering tendency for dips to be bought firstly by the pre-programmed computer programs, then by traders, and finally by the investing public who cont
Tuesday, August 29, 2017
Michael Ballanger
Fanciful Fed Follies
Having just returned from boating in northern Georgian Bay and an area called The North Channel, I have been by and large out of contact with gold and silver prices since July 22 and am delighted to see that prices have stabilized after dipping in late Spring to under $1,210. Over the past month, the global stock markets have all danced around all-time highs with Dr. Copper forging a break-out above the $2.90 level, marking the highest close in two years. Amazon CEO Jeff Bezos briefly became the
Wednesday, August 16, 2017
Adrian Ash - Bullion Vault
N.Korea? Gold Prices More About Real Rates Than Ever
So the daily correlation data say at least... SO APPARENTLY, the latest pop and retreat in gold prices has all been about the nuclear stand-off between the US and North Korea, writes Adrian Ash at BullionVault. "Gold falls on rising risk appetite as N.Korea tensions ease," says Reuters. And fair enough. Trum
Tuesday, August 15, 2017
Ronan Manly - Bullion Star
BullionStar Presentation on Real Vision TV – Bullion Banking, ETFs Physical Gold
BullionStar recently teamed up with Real Vision TV, the unique video-on-demand finance and investment channel, to film a presentation for the Real Vision audience on some topical areas of the gold market. The video presentation, which was filmed in London in June 2017, covers the fractional-reserve world of bullion bank trading in the London Gold Market, and also some concerns and risks of gold-backed Exchange Traded Funds. It then wraps up by discussing the benefits and attractions of physical
Friday, August 11, 2017
Ronan Manly - Bullion Star
LBMA Gold Vault Data – How low is the London Gold Float?
The London Bullion Market Association (LBMA) has just released a first update on the quantity of physical gold and silver holdings stored in the ‘LBMA’ London vaulting network. The LBMA press release explaining the move, dated 31 July, can be read here. This vaulting network, administered by the LBMA, comprises a set of precious metals vaults situated in London that are operated by the Bank of England and 7 commercial vault operators. For simplicity, this set of vaults can be called the LBMA Lon
Wednesday, August 2, 2017
Ronan Manly - Bullion Star
The West lost at least another 1000 tonnes of large gold bars in 2015
Over the last number of years, one of the most interesting trends in the physical gold world is the ongoing conversion of large 400 ounce gold bars into smaller high purity 1 kilogram gold bars to meet the insatiable demand of Asian gold markets such as China and India. This transformation of 400 ounce bars into 1 kilogram bars is an established fact and is irrefutable given the large amount of evidence which proves it is happening, as has been documented on the BullionStar website and elsewhere
Monday, July 31, 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
Sprott Money
  This Feels Like the Action in 2008 Right Before the Collapse - Dave Kranzler
Doc asked me last minute to fill-in for Eric Dubin, who’s M.I.A. somewhere on the shoreline of southern France, on Silver Doctor’s Metals and Markets weekly podcast. Among other topics we discussed why the current trading action in the precious metals paper market feels very similar to trading in the spring/summer of 2008 – ahead of the great financial collapse crisis and why the Fed/bullion banks are making it obvious that they seek to scare investors away from buying precious metals
Monday, July 17, 2017
Bullion Vault
Silver Doubles Gold Price Gain After Comex Speculators Turn 'Net Bearish', Bond Yields Retreat Before ECB, BoJ Decisions
GOLD PRICE gains of 0.5% were doubled by silver bullion in London trade Monday as world stock markets stalled at new all-time highs and major government bond prices rose, pushing longer-term interest rates down. This week brings key policy decisions from the Bank of Japan and European Central Bank – both due Thursday and both currently holding deposit rates below zero with record-high quantities of new QE bond-buying each month.
Monday, July 17, 2017
Michael Ballanger
Gritted Teeth and Clenched Fists
"Never underestimate the replacement power of stocks within a RE-flationary spiral." - Michael J. Ballanger Four weeks ago, after gold had corrected down from nearly $1,300 to around $1,240, I tweeted out that I was thinking about re-entering the JNUG (Direxion Daily Junior Gold Miners Index Bull 3X ETF) market and proceeded to launch into one of my classic invectives on why the Commercials were going to get toasted and why I should be considered the Crown Prince of non-Linear Thinking in my s
Thursday, July 13, 2017
Bullion Vault
Gold Bullion 'Targets $80 Drop' as GLD Shrinks, SLV Grows on Silver's 16-Month Price Lows
GOLD BULLION on Tuesday halved last night's $10 per ounce recovery from 4-month lows against a rallying US Dollar, trading at $1210 as major government bond prices fell again, pushing up longer-term interest rates. Commodities reversed yesterday's gains as European stock markets slipped, but Asian equities ended Tuesday higher after provisional data said new machine-tool orders in Japan jumped 31% in June from the same month last year.
Thursday, July 13, 2017
Bullion Vault
  Gold Prices Rally 1.5, 'Long Liquidation Done' But Investors 'Uninterested' as SLV Grows Again
GOLD PRICES extended their recovery to 1.5% from this week's new 3.5-month low against a falling US Dollar on Wednesday, rising to $1225 per ounce ahead of US Fed chair Janet Yellen's semi-annual testimony on interest-rate and QE policy to Congress. Asian and European stock markets flipped yesterday's action to fall and rise respectively, while bond prices and commodities also rose. Silver rose
Wednesday, July 12, 2017
Bullion Vault
Comex Gold Net Betting Slashed in Half, Silver Specs Near Net Short as LME Launches Precious Metals Derivatives
GOLD and SILVER prices fell to new multi-month lows versus a strengthening US Dollar at the start of European trade on Monday, hitting 4-month and 16-month Dollar lows respectively  Priced in the Euro both precious metals fared worse still, dropping to their cheapest since February and March 2016. With gold and silver hitting US Dollar lows of $1205 and $15.21 per ounce respectively at 8am Londo
Monday, July 10, 2017
Alasdair Macleod - Finance and Eco.
Time for a new gold standard for Asia
Over half the world’s population, living in the Eurasian land mass, understands that gold is money. The leaders of the Asian nations also know that this is true as well. The leaders of the security and economic alliance of the Shanghai Cooperation Organisation, which now incorporates most of these peoples, also know that to become independent of Western hegemony and to forge their own way, they must abandon Western financial systems and markets, replacing them with a new monetary order, serving
Thursday, July 6, 2017
Bullion Vault
Gold Bullion 'Risks Double Top Confirmation' at $1214 as Korea Tensions Rise, Yen Falls
GOLD BULLION touched new 8-week lows against a rising US Dollar on Wednesday, coming within $3.20 of early May's bottom at $1214 per ounce as world stock markets rose yet again with Eurozone government bond yields. Platinum dropped to $902 per ounce – erasing the last of 2017's earlier 16% gain versus the US Dollar – while silver prices fell 7 cents through what Swiss refiners MKS Pamp in a trading note this morning called "
Wednesday, July 5, 2017
Ronan Manly - Bullion Star
How many Silver Bars are in the LBMA Vaults in London?
Sometime in the coming days, the London Bullion Market Association (LBMA) plans to begin publishing gold and silver vault holding totals covering the network of commercial precious vault operators in London that fall under its remit. This follows an announcement made by the LBMA on 8 May. There are seven commercial vault operators (custodians) in the LBMA custodian vault network namely, HSBC, JP Morgan, Brinks, Malca Amit, ICBC Standard Bank, Loomis (formerly Viamat), and G4S. Note that ICBC Sta
Wednesday, July 5, 2017
Bullion Vault
Gold Prices +$5 After N.Korea's 4th of July ICBM Test, Trump Calls on China to 'End This Nonsense'
GOLD PRICES in London's wholesale market recovered $5 per ounce from an overnight drop below $1220 on Tuesday, rallying from that 8-week low as North Korea marked US Independence Day by announcing the successful test of an intercontinental ballistic missile. The isolated regime of Communist founder Kim Il-sung's grandson said dictator Kim Jong-un personally supervised the launch, with state newsreader Ri Chun-hee saying
Tuesday, July 4, 2017
12345678910...