Articles related to Bullion bank
 
Paul Tustain - Galmarley.com
  Calculating the "Fair Value" of Gold 
In the absence of cashflow, judging gold's present "fair value" means analysing it like an insurance actuary would...
Monday, May 7, 2018
Bron Suchecki - Perth Mint
Gold and Silver Loco Swaps
Loco swaps are a way to move gold or silver to another location without physically shipping it. It is a transaction where two parties agree to exchange (swap) gold they have in different locations (locos) with each other. As discussed in Loco, gold trades at different prices in different locations. This means that the loco discount or premium needs to be transferred between the swap parties in addition to the metal itself. The Perth Mint records loco swap trades as linked buy and sell trades. Fo
Friday, April 13, 2018
Ronan Manly - Bullion Star
LBMA Alchemy and the London Gold and Silver Markets: 2 Steps Back
“Did you think that the high-powered world of the LBMA would operate in a fishbowl for all to see? We cannot take what is on the outside as evidence for what is on the inside.” Thoughts of ANOTHER – October 1997 LBMA Gold Price and LBMA Silver Price – Price Publication Delays In August 2014, the long-standing and tainted London Silver Fixing daily auction was replaced by a newly launched London Bullion Market Association (LBMA) Silver Price daily auction. Similarly, in March 2015, the infamous
Thursday, March 8, 2018
Chris Powell - GATA
Ronan Manly: LBMA stalls daily gold and silver price auction fix reports
The London Bullion Market Association, gold researcher Ronan Manly discloses today, has stopped providing timely reports of the daily gold and silver auction price fixes and has against postponed its plans to publish trade data about the monetary metals. Manly writes: "It must be obvious to everyone that the LBMA and its bullion bank members do not want the transparency that gold and silver trade reporting would provide. Otherwise they would not have spent four years on a project that any indivi
Thursday, March 8, 2018
Adrian Ash - Bullion Vault
5 Facts About Silver Investing in 2018
What do the Comex silver bears know...? YOU MIGHT think hedge fund traders have called it right so far in 2018 on silver investing, writes Adrian Ash at BullionVault. As a group, the 'Managed Money' category of traders betting on Comex silver contracts stayed bearish overall in mid-to-late February, having turned against the metal in December for the first time since Jul
Wednesday, February 28, 2018
Bullion Vault
Gold Bullion Touches 'Hurdle at $1356' as Dollar Falls, Tokyo Equities Join Correlation Break
GOLD BULLION hung onto four-fifths of its sharpest 1-day gain since August in London trade on Thursday, holding firm as world stock markets rose again despite longer-term US interest rates holding at multi-year highs after yesterday's inflation data beat Wall Street forecasts. The Dollar fell again, with the single currency Euro briefing touching $1.25, just shy of end-January's 3-year high. Sna
Thursday, February 15, 2018
Bullion Vault
Gold Bullion Gains Extend ETF Growth as Inflation Worries Hit 'Even the Yellen Fed'
GOLD BULLION held around $1240 per ounce in London trade Thursday, retaining its 3-month high as commodity markets pushed towards new 18-month records. With energy costs already driving up headline inflation rates worldwide, Brent crude oil today rose above $55 per barrel as Nymex natural gas contracts traded 90% above their price of this time last year. Silver bullion held firm wit
Friday, February 9, 2018
Michael Ballanger
From the Heart: Own Precious Metals
One of the things from which I occasionally enjoy a good chuckle is the insecurity displayed by bloggers or newsletter writers who are constantly in need of positive reinforcement derived by reminding readers of their "incredible market calls." It is always readily-predictable because just before they ask you to buy something (like a subscription), they post a link to emphasize their brilliance with phrases like "as you know" or "back in 2017" providing breathtaking introductions to their most r
Tuesday, February 6, 2018
Chris Powell - GATA
Mark O'Byrne: Gold rigging won't end until China consents or press publicizes GATA
Gold price suppression, GoldCore's Mark O'Byrne writes today, isn't likely to end until the People's Bank of China stops cooperating with it or until mainstream financial news organizations examine and report the documentation GATA has developed over the years. O'Byrne's commentary is headlined "Gold Bullion Price Suppression to End? Bullion Bank Traders Arrested for Manipulating Market" and it's posted at GoldCore here: https://news.goldcore.com/us/gold-blog/gold-bullion-price-suppression-en..
Monday, February 5, 2018
Bullion Vault
Gold Price -$10 on Strongest US Wage Inflation Since Jan '09 But Fed 'Behind the Curve'
GOLD PRICES sank $10 inside 30 minutes Friday lunchtime in London as new US data showed a stronger-than-expected rise in new jobs plus the largest annual rise in average wages since January 2009. The Dollar jumped on the FX market, extending an overnight rally begun as the Bank of Japan became the first central bank amid 2018's sell-off of government bonds to step into the market and buy in a bid to stem the resulting surge in longer-term intere
Friday, February 2, 2018
Mark O'Byrne - gold.ie
Gold Bullion Price Suppression To End Bullion Bank Traders Arrested For Manipulating Market
– CFTC fines UBS, HSBC and Deutsche Bank millions of dollars each for gold price manipulation – Deutsche Bank ‘engaged in a scheme to manipulate the price of precious metals futures contracts’– UBS ‘attempted to manipulate the price of precious metals futures contracts’– HSBC engaged ‘in numerous acts of spoofing with respect to certain futures products in gold and other precious metals’– Gold ‘experts’ continue to deny legal rulings, evidence amassed by GATA, admissions by banks and central ban
Thursday, February 1, 2018
Ronan Manly - Bullion Star
What’s Happening (or Not) at the LBMA: Some Updates
This article is in 3 parts and covers a) upcoming trade reporting in the London gold market which is being led by the London Bullion Market Association (LBMA), b) the recent publication by the LBMA of a Guide to the London OTC precious metals markets, and c) an update on monthly vault reporting which the LBMA and the Bank of England launched in 2017. LBMA Trade Reporting The lack of trade reporting in the London gold market is possibly one of the biggest ommissions in global financial markets, s
Thursday, February 1, 2018
Chris Powell - GATA
Gold's revaluation is 'just a matter of time,' but then so is everything else
Our friend P.C. writes: "As a long-time GATA follower, I fully subscribe to the understanding that markets generally, and particularly the precious metal markets, are controlled to keep international exchange and trade 'stable' and maintain 'Western' market wealth. But I have a question you may be able to answer. "If the major players in the futures and paper markets are able to contain prices with impunity, who is on the buying side who can compete? Why is there such volatility and any upward m
Sunday, January 28, 2018
Bullion Vault
Gold Prices 'Break Link' to Real Rates But 'Correction Looms'
GOLD PRICES erased last week's drop against the Dollar in Asian and London trade Tuesday, rising to $1337 per ounce even as the US currency held firm on the FX market. World stock markets followed Wall Street higher to new all-time records after the Senate ended the 3-day government shutdown by extending 2017's budget for another 2 weeks. Commodity prices also rose, and major govern
Tuesday, January 23, 2018
Bullion Vault
Silver Lags Gold Price But Comex Speculators Turn Net Bullish as Fed Member Cuts Dollar Rate Outlook
GOLD PRICES held onto last week's 1.4% gains in London trade Monday but silver slipped amid a rally in the Dollar on the forex market. World equities pushed up to fresh all-time record highs as major government bond prices also rose, pushing interest rates lower. European banking stocks lagged the broader gain in equities, however, after Germany's Deutsche Bank said at the weekend i
Monday, January 8, 2018
Bullion Vault
Gold Prices Set 16-Week Closing High vs. Jobs-Data Hit Dollar, GLD Shrinks
GOLD PRICES rose back above $1320 per ounce versus the falling Dollar in London's wholesale trade on Friday, heading for the highest weekly close in 16 after new data said the United States added far fewer jobs than analysts expected last month. The official non-farm payrolls estimate also put average annual wage growth in December at 2.5%, unchanged from November's pace when inflation was seen at 2.2%.
Friday, January 5, 2018
Michael Ballanger
2018: The Year of Living Dangerously
There is one redeeming benefit to writing "forecasts": they invariably and inevitably reduce you to a quivering mass of humility as the hubris born of luck and circumstance is replaced with the reality of randomness. I have been reading research reports for years and the most useful portions are those where an analyst goes back and reviews his/her reasons for owning something, and then a year later explains why it was flawed. Interestingly, it is uncanny how random events otherwise known as "b
Thursday, January 4, 2018
FOFOA - FoFOA
Happy New Year!
2018 Year of the POP If you'd like to read "Year of the POP", I'm sure you can guess where it can be found. ;D At the Speakeasy, we discuss things like bullion, bitcoin, bubbles, banking, and much much more. As I did in Nine, at the ninth anniversary of this blog, and back in May at the second anniversary of the new Speakeasy, I have started a new tradition of sharing samples from the Speakeasy here. For this one, I picked a fun post from back in August. It's about the coat-check room view o
Tuesday, January 2, 2018
Michael Ballanger
COT Report: Predictably Stomach Churning but Bullish
Here is a really good question. Anyone out there lose money trading gold and silver or related mining shares in the past couple of months? I did. My friends did. The bulk of the managed money (hedge fund) players did. However, it's all "JUST FINE" because the Dow and the S&P hit all-time highs again as the last vestiges of the post-2008-GFC rescue reflation is now SURGING into paper assets. More importantly, those bullion bank millennials that were hired by their uncles and fathers and grandfath
Tuesday, December 19, 2017
Stewart Dougherty
Gold EFPs: Absolute Proof that the Paper Gold Price is a Fraud 
In recent months, the issuance of gold Exchange for Physical (EFP) contracts has surged. EFPs convert a physically deliverable Comex gold contract into an LBMA or LME contract supposedly deliverable at a later date ex London and/or Hong Kong. As an incentive for Comex contract holders to accept EFPs, a cash bonus reportedly is paid. EFPs in silver are also being issued in vast quantities, but we will focus on gold for brevity.Most gold market observers believe that EFPs are a Comex gimmick desig
Monday, December 18, 2017
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