Articles related to COMEX
 
Chris Powell - GATA
Harvey Organ: Why such shorting of Comex gold and silver if there's none for delivery?
Gold and silver market analyst Harvey Organ today posts an open letter to the chairman of the U.S. Commodity Futures Trading Commission, J. Christopher Giancarlo, calling attention to the transfer to London of a huge number of gold and silver futures contracts claimed for delivery on the New York Commodities Exchange. Organ writes that the transfers, called "exchanges for physicals," purportedly are allowed in emergencies but have become common occurrences -- so common, in fact, that more Comex
Tuesday, December 12, 2017
Bullion Vault
Silver Prices Erase 2017 Gain as Comex Bulls Retreat Fastest Ever Before Fed Rate Hike, CBOE Bitcoin Launch
SILVER PRICES failed to follow a small bounce in gold bullion Monday morning in London, holding unchanged versus the US Dollar from New Year 2017 as gold held $100 per ounce higher from January 1st ahead of this week's long-anticipated US Federal Reserve decision on interest rates. With silver prices slipping towards last week's new 5-month lows beneath $15.70 per ounce, world stock markets rose with commodities and major government
Monday, December 11, 2017
Chris Powell - GATA
Bill Murphy: Rocketing bitcoin highlights gold and silver suppression
The gold price was traumatized yesterday by the Gold Cartel's forceful raid, plunging right through important support at $1,270 all the way down to $1,260. While a technical breakdown was created, enough buyers showed up to take the price back up to a touch away from $1,270 through the early London trading hours. Efforts to break through that former support point were thwarted twice. Then it was pressure on a couple hours ahead of our Comex opening ... which took the price back down to $1,263.
Sunday, December 10, 2017
Jesse - Le Cafe Américain
Stock Market and Precious Metals Charts -
“The gods are deaf when we pray to them, their fire Recoils from our offering, their birds of omen Have no cry of comfort, for they are gorged With the thick blood of the dead.   O my son, These are no trifles!  Think.  All men make mistakes, But a good man yields when he knows his course is wrong, And repairs the evil.  The only real crime is pride.” Sophocles, Antigone "I think it would be nice just tonight to just acknowledge that this tax cut is really not for the middle class; it’s for
Wednesday, December 6, 2017
Bullion Vault
Gold Prices Down, Bitcoin 'Bubble' Up with Stocks + Dollar on Trump's Tax Plan
GOLD PRICES dipped Monday morning as the US Dollar gained following the Senate's approval of Donald Trump's tax cuts and Western stock markets rose, writes Steffen Grosshauser at BullionVault. The US Dollar briefly touched a 2-week high after the Senate narrowly approved the Republican Party's tax overhaul on Saturday, including plans to slash the corporate tax rate from 35% to 20%.
Monday, December 4, 2017
Ronan Manly - Bullion Star
Russia, China and BRICS: A New Gold Trading Network
One of the most notable events in Russia’s precious metals market calendar is the annual “Russian Bullion Market” conference. Formerly known as the Russian Bullion Awards, this conference, now in its 10th year, took place this year on Friday 24 November in Moscow. Among the speakers lined up, the most notable inclusion was probably Sergey Shvetsov, First Deputy Chairman of Russia’s central bank, the Bank of Russia. In his speech, Shvetsov provided an update on an important development involving
Monday, December 4, 2017
Jason Hamlin - Gold Stock Bull
Gold and Silver versus Twilight Zone Bubbles
Every bubble inflates, rises vertically, excites the masses (get rich now – don’t be left behind), appears unstoppable and crashes. The sun rises and sets. Twilight emerges. Empires, markets, and ideas enter their twilight zone where huge changes occur. Those changes may not happen next week or next month, but soon. Expect the bubbles in stocks and bonds to burst, as they inevitably must, and precious metals to rise – finally! Consider the following bubble examples: Amazon, Apple and Bitcoin.
Friday, December 1, 2017
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
Dave Kranzler - Sprott Money
  Bitcoin’s Inconvenient Truths: The Silence Is Deafening - Dave Kranzler 
Gold is instantly and optically recognizable as money. You don’t have to explain it. Bitcoin and Special Drawing Rights (SDR), like a bad joke, have to be explained. Many “cryptologists” from the start gave up trying to explain Bitcoin and just sell it as virtual gold, which is de facto fake gold. – Dan Popescu, investment consultant Numerous inconvenient truths are conveniently ignored by Bitcoin/cryptocurrency promoters. Not the least of which is that the fact that the original concept
Thursday, November 30, 2017
Chris Powell - GATA
Harvey Organ: Doesn't Comex have gold for delivery anymore?
Gold market analyst and GATA consultant Harvey Organ this week calls attention to the greatly increasing use of a supposedly "emergency" mechanism for delivering on gold futures contracts on the New York Commodities Exchange, "exchange for physicals," by which contracts to be delivered are transferred outside the exchange, apparently to the gold banking system in London. The implication of the increased use of EFPs, Organ writes, is that the Comex has no gold available for delivery. Organ's obse
Wednesday, November 29, 2017
Jesse - Le Cafe Américain
Stocks and Precious Metals Charts -
"Consequences are unpitying." George Eliot "Nemesis is long delayed sometimes, but it comes in the end.” Agatha Christie The sounds emanating from the markets and the news feeds can mean only one thing—  a page in history is turning, and a new chapter is about to begin. Today was a precious metals December futures options expiration on the Comex. As you may recall, December is one of the biggest months for the metals futures. That should tell you quite a bit about the price action. Thos
Tuesday, November 28, 2017
Steve St Angelo - SRSRocco Report
EXAMINING SILVER MANIPULATION: What Some Analysts Miss
One of the major topics discussed in the precious metals community is the manipulation of the gold and silver prices by the large bullion banks.  Many precious metals analysts point to the massive commercial short positions held by JP Morgan and Scotiabank as the root cause for the low silver price.  While I agree that the bullion banks’ massive short contracts are controlling the silver price to a certain degree, there’s another factor that is overlooked by the majority of precious metals analy
Sunday, November 26, 2017
Theodore Butler - Butler Research
Life Under Manipulation
We as individuals have little or no control over the state of markets, all we can do is adapt to market realities. In the case of silver, the reality is that it is in the grip of a price manipulation. History shows that various world governments have often artificially set the price of silver and gold in connection with official monetary policies. However, for the past 35 years a specific type of price manipulation has existed in silver via futures contract positioning on the Commodities Exchang
Saturday, November 25, 2017
Chris Powell - GATA
Ted Butler: Life under manipulation
Silver market analyst Ted Butler today marvels again at the huge position in Comex silver futures and the concentration of the short position. Butler writes: "Total open interest data indicates that there is a 1-billion-ounce open commitment in Comex silver short and long positions, more than annual world production or consumption. No other commodity has a larger real-world equivalent total open interest this high. "The long and short position in Comex silver is so much larger than that of any
Friday, November 24, 2017
Jesse - Le Cafe Américain
Stocks and Precious Metals Charts - Precious Metals Option Expiry Next Week -
"And can the liberties of a nation be thought secure when we have removed their only firm basis, a conviction in the minds of the people that these liberties are the gift of God? That they are not to be violated but with his wrath?   Indeed I tremble for my country when I reflect that God is just: that his justice cannot sleep for ever." Thomas Jefferson, Notes on the State of Virginia "We all want progress.  But progress means getting nearer to the place where you want to be.  And if you hav
Friday, November 24, 2017
Sprott Money
Does The CoT Structure Prohibit A Rally? - Craig Hemke
Can the Comex metals rally from here given that the CoT structure is not yet fully "washed out"? Of course they can! While it's sometimes easy and obvious to assume that rallies are imminent by the CoT structure, history shows us that a fully-washed CoT isn't imperative for a bottom and rally. Let's start with an example of a full wash, rinse and spin in Comex gold. Note the all-time lows of December 2015. That's as clean and washed as you're likely ever going to see. DATE PRICE COMMER
Wednesday, November 22, 2017
Sprott Money
Comparing Digital Metals - Craig Hemke
With total Comex silver open interest near the 200,000 contract level, we thought it would be enlightening to once again discuss the total volume of physical mine supply versus digital metal supply on this futures exchange. We've written on countless occasions about Comex alchemy and the fraud of digital metal. As a refresher, you might review both of these links before we continue: • https://www.sprottmoney.com/Blog/42-years-of-fract... • https://www.tfmetalsreport.com/blog/8252/econ-101-
Wednesday, November 22, 2017
Bullion Vault
Platinum Betting Turns Positive as Gold Bullion Finds Another 'Event-Driven Bid'
GOLD BULLION slipped together with silver and platinum ahead of the US open on Monday, down 0.5% from last week's 1-month high just below $1300 per ounce as world stock markets fell following the weekend's collapse of coalition government talks in Germany. With pundits calling it Germany's "worst political crisis in decades", current Chancellor Angela Merkel met this morning with President Frank-Walter Steinmeier after the Free Demo
Monday, November 20, 2017
Chris Powell - GATA
GATA's Ed Steer interviewed by Mike Gleason of Money Metals Exchange
Interviewed by Mike Gleason of Money Metals Exchange this week, GATA board member Ed Steer discussed the suppression of monetary metals prices by central banks and investment banks. Steer, publisher of Ed Steer's Gold and Silver Digest letter -- https://www.edsteergoldandsilver.com/ -- said the metals prices are controlled by the major banks trading on the Comex futures market in New York and that most executives of monetary metals mining companies, being so well paid, don't care about price sup
Saturday, November 18, 2017
Koos Jansen - Bullion Star
China Gold Import Jan-Sep 777t. Who’s Supplying
While the gold price is slowly crawling upward in the shadow of the current cryptocurrency boom, China continues to import huge tonnages of the yellow metal. As usual, Chinese investors bought on the price dips in the past quarters, steadfastly accumulating for a rainy day. The Chinese appear to be price sensitive regarding gold, as was mentioned in the most recent World Gold Council Demand Trends report, and can also be observed by Shanghai Gold Exchange (SGE) premiums – going up when the gold
Thursday, November 16, 2017
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