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| RATIOS & INDEXES |
| Gold / Silver | 61.99 |
| Gold / Oil | 14.77 |
| Dowjones / Gold | 11.04 |
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 | Articles related to LIBOR |  |
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 | Jesse - Le Café Américain |
Paper Gold, Metal Gold - When Worlds Diverge  |
| "Price discovery is not a sexy function of markets, but it is critical to the efficient allocation of scarce capital and resources, and to the preservation of the long term wealth of investors and the economy as a whole. If price discovery is compromised by manipulation, then we will all be gradually impoverished and the economy will be imbalanced and unstable."
London Banker, Lies, Damn Lies, and Libor
There are a number of ways to account for it, but this divergence between 'market prices' aSaturday, May 18, 2013 |
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 | Philippe Herlin - GoldBroker |
| Interest Rates Manipulated to Hide Risks |
| By Philippe Herlin - Researcher in finance / Contributor to Goldbroker.com
After the LIBOR scandal, are we witnessing the ISDAfix scandal? This time it’s not about interbank lending rates, but rather about interest rates for swaps. It is estimated that the ISDAfix is active in a $380,000Billion market, just about the same size as LIBOR... and it appears that it, too, is manipulated! The Commodity Futures Trading Commission (CFTC) is enquiring on the matter.
Whether it’s LIBOR or ISDAfix, raTuesday, May 14, 2013 |
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| Jesse - Le Café Américain |
| BBC2: Bankers Fixing the System |
| "In our time political speech and writing are largely the defense of the indefensible."
George Orwell
Libor scandal: Can we ever trust bankers again?
"In the five years since the crash that brought the world's economy to its knees, bankers have lurched from one crisis to another.
Scandal after scandal has raised questions about their pay, their values and their judgement and after the industry received billions in taxpayer bailouts, the public is in no mood to forgive and forget.
Like itThursday, May 09, 2013 |
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 | John Rubino - Dollar Collapse |
 As Trust Evaporates... |
| Rolling Stone's Matt Taibbi has once again put the world's major hard news
organizations to shame by describing, in comprehensible terms, the pervasive
corruption at the heart of the financial system. Below are his concluding
paragraphs from a much larger article that everyone with money at risk in
a bank, brokerage account or business should read in its entirety.
Everything
Is Rigged: The Biggest Price-Fixing Scandal Ever
After scandals involving libor and, perMonday, May 06, 2013 |
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 | Jim Willie CB - Hat Trick Letter |
| Financial Treachery & Harsh Consequences |
| The most powerful element of the shift has been the movement of gold wealth from Western locations (New York, London, Switzerland) to Eastern locations (China, Russia, Singapore, Taiwan, Hong Kong). Most residents of the United States, the United Kingdom, and Western Europe are in shock, constantly distracted by the sweeping disruptive events led by a) unstoppable government deficits, b) the powerful crumble of sovereign bonds, c) the ruinous insolvency of the banking systems, d) the relentless reign of tax terror, and e) the tragic decline of the underlying economiesWednesday, May 01, 2013 |
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| Jesse - Le Café Américain |
| Matt Taibbi Discusses the Market Rigging in the Swaps and LIBOR Markets By the Banks |
| Derivatives and many real world calculations of risk and price are based on a relatively few published data, such as LIBOR.
Similarly, the 'spot' price of gold and silver is based in large part on the front month contract for gold and silver on the Comex. And those prices in turn have enormous leverage over the price of mining stocks.
Some have pointed to the 'physical market' in London for metals at the LBMA as the true price market for physical bullion, with their AM and PM 'price fix.' AndMonday, April 29, 2013 |
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 | Bud Conrad - Casey Research |
| Physical Gold vs. Paper Gold: The Ultimate Disconnect |
| How can we explain gold dropping into the $1,300 level in less than a week?
Here are some of the factors:
George Soros cut his fund holdings in the biggest gold ETF by 55% in the fourth quarter of 2012.
He was not alone: the gold holdings of GLD have contracted all year, down about 12.Saturday, April 27, 2013 |
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| Jesse - Le Café Américain |
| Matt Taibbi: Everything Is Rigged |
| There are more scandals to come.
Rolling Stone
Everything Is Rigged: The Biggest Price-Fixing Scandal Ever
By Matt Taibbi
April 25, 2013
Conspiracy theorists of the world, believers in the hidden hands of the Rothschilds and the Masons and the Illuminati, we skeptics owe you an apology. You were right. The players may be a little different, but your basic premise is correct: The world is a rigged game. We found this out in recent months, when a series of related corruption stories spilled ouFriday, April 26, 2013 |
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 | Jan Skoyles - The Real Asset Co |
Gold price drops, what was all the fuss about?  |
| For all the fuss about gold last week, we were so busy telling everyone else what was going on with gold that we had no time to write something for our own clients and readers.
Everyone we spoke to wanted to know if this was the end of gold.
Despite what the newspapers wrote, despite the efforts of newsreaders and despite calls from banks that gold was no longer a safe-haven this has certainly not been the sentiment of clients at The Real Asset Company.
We’ve have had clients buying in record nuFriday, April 26, 2013 |
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| Peter Souleles |
 Don't Sell Your Gold Until? |
| To me, at least, times are fascinating as much as they are disturbing. The
take down we have seen in gold and silver beginning on Friday and still
continuing on Monday is breathtaking. I like many others believe that the
takedown was orchestrated and initiated by those who have brought the world
to its knees but that after a certain point a whole lot of other factors,
whether they be fear, sentiment or computers also contributed to the
continuing slide. Precious metals haMonday, April 22, 2013 |
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 | Mark O'Byrne - gold.ie |
| CFTC Probe Gold Plunge – “No Visible Central Bank Activity” Say Blackrock |
| Today’s AM fix was USD 1,397.00, EUR 1,070.17 and GBP 917.09 per ounce.
Yesterday’s AM fix was USD 1,379.00, EUR 1,046.12 and GBP 903.14 per ounce.
Cross Currency Table – (Bloomberg)
Gold lost $0.20 or 0.01% yesterday to $1,373.20/oz and silver also finished with a slight loss of 0.9%.
Gold in USD, Daily – (Bloomberg)
Lower gold prices have led to a rush to buy gold coins and bars globally. Value investors and store of wealth buyers are more than happy to exchange devaluing paper currencies fFriday, April 19, 2013 |
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 | Fabrice Drouin Ristori - GoldBroker.com |
Cyprus, Deposits Confiscation and a Collapsing Dollar  |
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As the Troika’s (IMF, ECB, EU) decision to tax Cypriot depositors has started a generalised panic movement among European savers, the Fed is, at the same time, orchestrating a downward manipulation of gold and silver spot prices in order to maintain trust in the dollar and, more globally, in the whole monetary system.
The Fed and the central bankers are trying to prevent a massive outflow toward physicaTuesday, April 09, 2013 |
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 | Trace Mayer - Run to Gold |
| Bitcoin Versus Gold By James Cox |
| Editor’s Note: James Cox has written three good articles for GoldMoney. For some reason they rejected this well Since gold has collapsed relative to Bitcoin for four consecutive years therefore we feel it not only important to discuss this new crypto-currency but vital to the financial safety and sensitivity of our readers. Bitcoin will not be ignored; the balance sheet demands it be paid attention to. Enjoy!Wednesday, March 20, 2013 |
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 | Jon Matonis - The Monetary Future |
| First Bitcoin Hedge Fund Launches From Malta |
| By Jon Matonis
Forbes
Friday, March 8, 2013
http://www.forbes.com/sites/jonmatonis/2013/03/08/first-bitcoin-hedge-fund-launches-from-malta/
Ever since the bitcoin cryptocurrency first launched and achieved
initial success, institutional investors and hedge fund managers have
secretly sought a regulated investment vehicle for bitcoin placements.
Malta-based Exante Ltd. has the solution with their new Bitcoin Fund.
"I hope our fund will be the first hedge fund to take advantage of
using bTuesday, March 19, 2013 |
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 | Adrian Ash - Bullion Vault |
| How to Fix the Fix |
| US regulator the CFTC is anxious about the London gold fix. But what is the fix, and why...?SO IS the London gold fix a fix? US derivatives-market regulators think it might be.The CFTC is no doubt absolutely within its rights to question the use of certain prices as reference points (aka "marks") in US transactions. Joining the International Roundtable on Financial Benchmarks three weeks ago, its commissioner Bart Chilton said he also thought many other markets might deserve attention, too. ButMonday, March 18, 2013 |
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