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Articles related to Bullion bank
 
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
Michael Ballanger
Myopic Metals and Miner Miasma
In recent day and weeks, I have slowly moved to the starboard side of the "Vessel of Public Opinion" where most seasoned veterans (aka "old guys") usually wind up; that is to say that I am now officially "cynical" when it comes to the world of investing. Residing in cynicism usually has a few distinct advantages with one being the uncanny ability to have your "bullsh*t meter" on at all times while one glaring disadvantage is that you miss opportunities you might have taken when you were young(er
Tuesday, June 27, 2017
Bullion Vault
Everything Falls vs. Dollar After Fed, BTC -20 from Top, Gold Prices 'Look to Next Hike'
GOLD PRICES fell to new multi-week lows against all major currencies Thursday morning, dropping to $1254 per ounce for Dollar investors as all other tradable asset classes also fell following the Federal Reserve's decision to raise US interest rates despite weakening economic data. The Fed also said it plans to start "normalizing" its balancesheet – swollen to $4.4 trillion by QE money creation and bond buying – sometime in 2017, giving a possib
Thursday, June 15, 2017
Bullion Vault
Silver 'Undervalued' on Ratio to Gold as UK Eyes 'Soft Brexit', Traders See 95 Chance of Fed Rate Hike
GOLD and SILVER prices slipped again Tuesday in all major currencies, retreating to one- and 3-week lows respectively as world stock markets rallied despite fresh political wrangling and uncertainty around the UK's general election and looming Brexit negotiations. One-time Conservative leadership candidate Michael Gove – now returned to front-bench politics – claimed Prime Minister Theresa May is willing to "work with" the oppositio
Wednesday, June 14, 2017
Michael Ballanger
One Massive, Global, Serial Bubble
These missives that I construct periodically usually have as their genesis a "Eureka!" moment while reading a research piece or a written commentary from one of the thousands of self-styled market authorities or if I have the random luck of catching an interview on Bloomberg or (UGH!) CNBC. During a normal week, I will text myself a quick note or leave myself a voice note when and if an idea comes to mind so when I am travelling, it is usually preferable that I be close to a decent WiFi signal i
Wednesday, June 14, 2017
Bullion Vault
Gold Bars Erase Week's Gain as ECB Cuts 'Lower Rate' Wording, UK Votes, Turkey 'Backs' Qatar in Mid-East Crisis
GOLD BARS traded in the world's wholesale hub of London erased almost all the week's earlier 1.2% gains versus the Dollar on Thursday, falling back against all major currencies as the European Central Bank hinted it won't cut interest rates any further for the world's single largest currency zone. Having touched April's 5-month high of $1295 per ounce on Tuesday, wholesale gold bullion retreated to $1282 as the ECB's latest policy statement cut
Thursday, June 8, 2017
Bullion Vault
Gold and Silver ETF Demand Lacking as Prices Jump, Yuan Leaps vs. Dollar
GOLD PRICES jumped to new 7-week highs at $1291 per ounce on Tuesday, again testing the 6-year downtrend line in place since the metal's 2011 record highs as Western stock markets fell with longer-term interest rates. After the ISM Prices Paid measure of inflation in manufacturing costs "tanked" in Friday's report for May, 10-year US Treasury yields today fell again to post-Trump election lows of 2.15%.
Tuesday, June 6, 2017
Bullion Vault
Silver Jumps, Gold Price 'Stuck at $1245-65' as Oil Defies Trump, Indian States Disagree on GST
GOLD PRICES held in a tight $5 per ounce range Tuesday, trading around $1260 as world stock markets extended their push to new record highs. English police made an arrest following the suicide-bomb murder overnight of 22 children, teenagers and other concert-goers in Manchester. India's army reported making its first  "punitive" strikes of 2017's spring thaw on Pakistani
Tuesday, May 23, 2017
Bullion Vault
Gold Prices Jump Over 200-DMA as Trump-Comey 'Nears Impeachment', T-Bond Yields Fall with Dollar
GOLD PRICES jumped against a fast-falling US Dollar on Wednesday, hitting 2-week highs as President Trump's sacking of FBI director James Comey deepened once more. The New York Times yesterday reported Comey took notes of a meeting where Trump asked him to stop investigating ex-National Security Advisor Lt.Gen. Michael Flynn's alleged contact with Russian officials during last year's election campaign.
Wednesday, May 17, 2017
Egon von Greyerz - Matterhorn AM
“WE ARE SEEING NO SELLING OF PHYSICAL GOLD OR SILVER”
by Egon von Greyerz Time and time again we are seeing fraud taking place in the precious metals’ market. Thousands of tonnes of paper silver and paper gold are being dumped over just a few hours or days. For anyone who doesn’t understand what is happening, let me categorically state that this has nothing to do with the real physical market in gold and silver. No, this is blatant manipulation by governments and bullion banks as well as speculators. And since governments are involved, it is sancti
Friday, May 12, 2017
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