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Articles related to COMEX
 
Steve Saville - Speculative Investor
Gold’s True Fundamentals
To paraphrase Jim Grant, gold’s perceived value in US$ terms is the reciprocal of confidence in the Fed and/or the US economy. Consequently, what I refer to as gold’s true fundamentals are measures of confidence in the Fed and/or the US economy. I’ve been covering these fundamental drivers of the gold price in TSI commentaries for almost 17 years. It doesn’t seem that long, but time flies when you’re having fun. No
Saturday, June 24, 2017
Ronan Manly - Bullion Star
Are the World’s Billionaire Investors Actually Buying Gold?
Infographic website Visual Capitalist recently published an eye-catching infographic on behalf of Sprott Physical Bullion Trusts which featured 4 well-known billionaire investors and their supposed investments in gold. The infographic is titled “Why the World’s Billionaire Investors Buy Precious Metals” and can be seen here. The 4 investors profiled in the infographic are: Jacob Rothschild (Lord), chairman of London-based investment trust RIT Capital Partners Plc David Einhorn, president of Man
Friday, June 23, 2017
Sprott Money
Anti-Gold Propaganda Flares Up - Dave Kranzler
Predictably, after the gold price has been pushed down in the paper market by the western Central Banks – primarily the Federal Reserve – negative propaganda to outright fake news proliferates. The latest smear-job comes from London-based Capital Economics by way of Kitco.com. Some “analyst” – Simona Gambarini – with the job title, “commodity economist,” reports that “gold’s luck has run out” with the 25 basis point nudge in rates by the Fed. She further explains that her predicted two
Thursday, June 22, 2017
Theodore Butler - Butler Research
A Rigged Game 
76 years ago, “Joltin’ Joe” DiMaggio was in the middle of the hitting streak of streaks that would come to 56 consecutive games and which has remained a major league baseball record to this day. That season (1941), the Yankee Clipper would bat .408 during the epic streak or more than 4 hits for every 10 at bats. Ted Williams, of the Boston Red Sox, had the highest batting average in 1941, hitting .406 for the entire season. What would you say if I told you that a batter had hit 1.000 for an enti
Thursday, June 22, 2017
Andy Hoffman - Miles Franklin
Valuation Anomalies Suggest Historic Precious Metal Lows
Today, we’re going to start with an interview with billionaire Frank Giustra – perhaps, Canada’s most famous mining stock promoter.  Who, in this interview, comes as close to accusing gold of being manipulated as mainstream investors are “allowed.” Do you think the gold market is manipulated? No, I don’t think it is manipulated.  Manipulation is a strong word. But I do believe it is managed, by the policy makers who need to keep confidence in a system when it goes sideways.  Any major spike in t
Wednesday, June 21, 2017
Andy Hoffman - Miles Franklin
The Most PiMBEEB Transaction Of All-Time
Monday mornings can be daunting, in processing the massive amount of PiMBEEB – or Precious Metal bullish, everything-else-bearish – news since my last publication, 72 hours earlier.  This, amidst a world where government-commandeered “markets” signal nothing but the madness they have created, and the carnage that must surely ensue – as if generational economic weakness; the highest-ever debt load; the largest-ever industrial oversupply; the lowest-ever cumulative purchasing power; and the highes
Monday, June 19, 2017
Bullion Vault
Gold Price Hits 1-Month Low as En Marche! Wins France, Fed Chiefs Speak, UK Starts 'Hardest Talks Ever'
GOLD PRICES eased lower on Monday morning in London, touching a 1-month low after French President Emmanuel Macron saw his En Marche! party sweep to victory in parliemantary elections, writes Steffen Grosshauser at BullionVault. The UK government of Theresa May meantime began its Brexit negotiations with the European Union after losing its parliamentary majority at this month's election.
Monday, June 19, 2017
Julian D. W. Phillips - Gold Forecaster
Gold’s Pricing Power Moving East - Part 2
China excluded from the global gold price or arbitrage includes it?China is unhappy that gold prices should be driven by U.S. and dollar concerns. But many state that because there is no free flow of gold in and out of China, China will remain a parochial market, not integrated into the global gold market. Nothing is now further from the truth.The author has worked with successful arbitrageurs in London in the past, so we can clearly see that through the London and Shanghai Gold Exchanges via bu
Monday, June 19, 2017
Jesse - Le Cafe Américain
Stocks and Precious Metals Charts -
There was a stock option expiration for June on this Friday past as noted on the option calendar below. There will be a Comex option expiration for the precious metals on June 27th which is the Tuesday after next. The economic news still indicates an economy that is faltering on the edge of a sustainable recovery. The biggest problem is still the lack of real income (wage) growth among the breadth of the participants in the real economy. I am afraid that the deck is still stacked pretty much
Sunday, June 18, 2017
Chris Powell - GATA
Texas taps private vendor to manage first state-run gold depository in U.S.
https://www.texastribune.org/2017/06/14/texas-taps-private-vendor-first-... Two years after Gov. Greg Abbott announced Texas would build the country's first state-run gold depository, the project took a major step forward today. Comptroller Glenn Hegar announced at a news conference at the Capitol that his office had selected Austin-based Lone Star Tangible Assets as the private vendor tasked with building and operating the Texas Bullion Depository. "The Texas Bullion Depository will offer Tex
Thursday, June 15, 2017
Andy Hoffman - Miles Franklin
The Fed’s Last “Rate Hike”
Today, let’s start with one of my “favorite” topics, given my strong belief that OPEC’s highly visible death throes presage the epic level of chaos the gold Cartel will eventually experience when it spectacularly fails – per what I wrote in last month’s “OPEC, like the London Gold Pool, proving Cartel’s always fail.”  To that end, no blog I am aware of – outside of those focused principally on energy – has expended more digital ink on this topic – given how confident that, contrary to the all-ti
Wednesday, June 14, 2017
Stewart Thomson - Graceland Update
All Golden Eyes On The Fed
By: Stewart Thomson1.The next US central bank interest rate announcement is scheduled for tomorrow afternoon.  Gold and related assets are now in “pause mode” against most fiat currencies.2.Gold has a rough general tendency to decline ahead of a rate hike, and then rally strongly after a hike is announced.3.That has happened in textbook fashion with the first three rate hikes in the current hiking cycle.  4.There’s no guarantee that it happens again this time, but if it does gold should take out
Wednesday, June 14, 2017
Andy Hoffman - Miles Franklin
Platinum, The Forgotten Precious Metal-Revisited
My good friend Adam Meister – i.e, the “Bitcoin Meister” of (rapidly increasing) YouTube fame – sagely stated today, “you get rich slowly, and poor quickly” – which goes double for those utilizing traditional valuation metrics in historically manipulated markets.  Fortunately, no financial manipulation, throughout the course of history, has ended well; and now that the “custodians” of history’s largest, most destructive fiat Ponzi have reached their ‘trapped rats on a sinking ship’ moment, the “
Tuesday, June 13, 2017
Bullion Vault
Gold Prices Rise Ahead of Fed Meeting While British Business Confidence Falls 'Through the Floor' after UK Election
GOLD PRICES rose on Monday morning in London as Asian and European stocks fell and the US Dollar dropped ahead of the Fed policy meeting this week, writes Steffen Grosshauser at BullionVault. Asian and European stocks were dragged down as a sell-off in US technology shares spread. The pan-European Euro Stoxx 50 was down 1% with the European tech sector heading for its worst decline since October 2016.  The US Dollar Index fell against a basket of other major currencies on
Monday, June 12, 2017
Andy Hoffman - Miles Franklin
What Does The UK Vote “Mean” To Precious Metals? 
It’s Friday morning, and for those worried that yesterday’s $4 billion “sell” of unbacked paper gold – nearly twice the COMEX’s registered physical inventory; and this morning’s equally egregious COMEX-opening raid, symbolize a change for the worse, fear not.  Clearly, the 200-week moving average and 5½ year downtrend line wars are not over – as I assure you, when they are inevitably breached, to the point that traders feel confident in the trend change’s “legs,” the breakout will be extremely p
Saturday, June 10, 2017
Sprott Money
40.5 Tonnes Of Paper Gold Dumped In 4 Minutes - Dave Kranzler
One/some/several “entities” decided at 9:38 a.m. June 8, 2017 that it was necessary to dump 14,315 contracts of paper gold. This is just the August contract. In total a lot more was unloaded. This represents 1.43 million ozs of gold. The Comex is only showing 900,000 ozs of “gold” as “registered,” or available for delivery in June, July and August (assuming all of that gold is actually sitting physically in the Comex vaults as reported). If we make that generous assumption, 531,000
Friday, June 9, 2017
USA GOLD - USA Gold
Gold Pressured By More Profit Taking, Weaker Greenback
Kitco News, via Forbes/06-09-17 Gold prices are again moderately lower in early U.S. trading Friday. Some more normal profit taking and technical chart consolidation is seen late this week after prices hit a seven-week high earlier this week. A good rebound in the U.S. dollar index late this week is also a bearish outside market force working against the precious metals markets. August Comex gold was last down $5.10 an ounce at $1,274.40. July Comex silver was last down $0.114 at $17.30 an ounce
Friday, June 9, 2017
Chris Powell - GATA
Gold's counterintuitive movement is an old story but it can't be told
Dave Kranzler of Investment Research Dynamics reports that a huge amount of "paper" gold was dumped on the futures exchange in New York today, apparently in connection with the anticipated congressional testimony of former FBI Director James Comey: http://investmentresearchdynamics.com/40-5-tonnes-of-paper-gold-dumped-i... Kranzler writes: "One/some/several 'entities' decided at 9:38 this morning that it was necessary to dump 14,315 contracts of paper gold. This is just the August contract. In t
Friday, June 9, 2017
Chris Powell - GATA
Gold's counterintuitive movement is an old story but can't be told
Dave Kranzler of Investment Research Dynamics reports that a huge amount of "paper" gold was dumped on the gold futures exchange in New York today, apparently in connection with the congressional testimony of former FBI Director James Comey: http://investmentresearchdynamics.com/40-5-tonnes-of-paper-gold-dumped-i... Kranzler writes: "One/some/several 'entities' decided at 9:38 a.m. this morning that it was necessary to dump 14,315 contracts of paper gold. This is just the August contract. In to
Thursday, June 8, 2017
Chris Powell - GATA
TF Metals Report: Banks playing same old game
The TF Metals Report today asserts that things are back to normal with "Comex Digital Gold," with the bullion banks selling as much unbacked paper as speculators demand, confident that no one will ever try taking delivery. The report is headlined "Banks Playing Same Old Game" and it's posted here: https://www.tfmetalsreport.com/blog/8379/banks-playing-same-old-game
Thursday, June 8, 2017
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