Articles related to London Bullion Market Association
 
Chris Powell - GATA
Ronan Manly: LBMA promises transparency but never delivers
Gold researcher Ronan Manly today examines the years-long racket of the London Bullion Market Association's promising greater transparency in the gold market while always failing to deliver. Manly's analysis is headlined "What's Happening (or Not) at the LBMA: Some Updates" and it's posted at Bullion Star here: https://www.bullionstar.com/blogs/ronan-manly/whats-happening-not-lbma-u...
Friday, February 2, 2018
Przemyslaw Radomski CFA - SunshineProfits
Four Key Trends for Gold Market in 2018
The World Gold Council published its gold market outlook for 2018. Will gold continue its January rally or should we expect declines? Solid Gold’s Performance in 2017 The World Gold Council begins its report with a short summary of 2017. The organization points out that gold performed relatively well, given the fact that the global economy picked up, risk assets rose in value, while the Fed hiked interest rates three times. Against this backdrop, the price of gold in U.S. dollars rose 13.5 perce
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
As Asia takes over gold trade, World Gold Council considers standard for kilobars
LONDON -- The World Gold Council is studying the creation of a global standard for gold kilobars so they can be deployed as collateral in futures markets and potentially encourage demand, sources close to the matter said. Kilobars -- 1 kilogram gold bars -- dominate Asian trade but a lack of transparency about their origin and the absence of a global standard hinders their use on exchanges elsewhere. Clearing houses, some of which allow bullion to be used as collateral on futures markets, might
Thursday, January 25, 2018
Chris Powell - GATA
LBMA hopes that blockchain can track everybody's gold
By Eddie Van Der Walt and Ranjeetha Pakiam Bloomberg News Tuesday, January 23, 2018 Gold is going digital. Blockchain technology may help keep track of the roughly $200 billion of the precious metal dug from remote mines, traded by middlemen, and melted down by recyclers that's sold each year to buyers scattered around the world. The London Bullion Market Association, which oversees the world's biggest spot gold market, will seek proposals including the use of blockchain for tracing the origins
Thursday, January 25, 2018
Mark O'Byrne - gold.ie
‘Gold Strengthens Public Confidence In The Central Bank’ – Bundesbank
– ‘Availability of gold strengthens public confidence in the central bank’s balance sheet’ say Bundesbank – Bundesbank has Audited Reserves amounting to almost 3,400 tonnes, around 68% of Bundesbank’s reserve assets – Bank taken series of steps to increase transparency around Germany’s gold holdings – Germany has second largest gold holdings in the world; U.S. believed to be largest – Transparency important and all central banks should follow the Bundesbank lead Editor: Mark O’Byrne Germany’s c
Sunday, December 31, 2017
Chris Powell - GATA
Stewart Dougherty: 'Exchange for physicals' erase government trades that rig gold price
Financial writer Stewart Dougherty argues today that the supposedly "emergency" procedure in the New York Commodities Exchange's gold futures market, "exchange for physicals," is part of a mechanism that governments use to vaporize contracts created by their own trading that aims to keep the gold price in a tight channel. Dougherty writes that this is why, while "the enormous gold futures trading volume in New York and London would by now almost certainly have produced delivery failures if they
Tuesday, December 19, 2017
Phoenix Capital - Gains Pains & Capital
‘Gold Strengthens Public Confidence In The Central Bank’ – Bundesbank
‘Gold Strengthens Public Confidence In The Central Bank’ – Bundesbank  - 'Availability of gold strengthens public confidence in the central bank’s balance sheet' say Bundesbank- Bundesbank has Audited Reserves amounting to almost 3,400 tonnes, around 68% of Bundesbank’s reserve assets- Bank taken series of steps to increase transparency around Germany’s gold holdings- Germany has second largest gold holdings in the world; U.S. believed to be largest- Transparency important and all central banks
Tuesday, December 19, 2017
Chris Powell - GATA
Eric Sprott interviewed by Bullion Star at Australia's Precious Metals Investment Symposium
Sprott Asset Management's chairman, Eric Sprott, interviewed by Bullion Star's Luke Chua at the Precious Metals Investment Symposium in Melbourne, Australia, last month, wonders whether shortages in the minor precious metals eventually will indicate shortages in gold and silver and lead to the liberation of the prices of the latter. Sprott scoffs at central banks for having tried to solve the world's debt problems with more debt. He says the trading data reported by the London Bullion Market Ass
Thursday, December 14, 2017
Perth Mint Blog - Perth Mint Blog.
Why gold has a role in every portfolio
Some investors are averse to gold because, as Warren Buffett argues, it is an unproductive asset. Whereas equities and property can be useful and provide a return, gold “doesn’t do anything but sit there” and consequently has little inherent value, from Buffett’s point of view. The World Gold Council, however, says investment demand for gold exceeded 1,500 tonnes in 2016. As well as being the second-best year on record for inflows to gold exchange-traded funds (ETFs), sales of coins and bars als
Wednesday, December 13, 2017
Mickey Fulp - Mercenary Geologist
What Trumps Dollars and Gold?
I have commented and written extensively on the generally negative correlation of the US dollar and gold. In simple terms, when the US dollar moves up or down, the price of gold tends to do the opposite. This makes sense because the price of gold is quoted on world markets in good ol’ American greenbacks. That said, there are many other factors that contribute to the price of gold. These include: world economic health; geopolitical events; physical demand for jewelry, investment, hoarding, and i
Wednesday, November 29, 2017
John Butler - Goldmoney
Financial crisis dynamics, the ‘shadow’ gold demand, and Mene
The study of financial crises is as old as the economics discipline itself. One of the most prominent theorists of financial crises ever to hold a senior Federal Reserve policy position was John Exter, vice-president of the New York Federal Reserve during the 1950s. Several years ago I co-wrote a series of essays on Exter’s theories together with his sonin- law, Barry Downs. In this paper, building on Exter’s work, including his eponymous ‘pyramid’, I introduce a new ‘hourglass’ framework for un
Friday, November 17, 2017
Chris Powell - GATA
Ronan Manly: Will anyone notice LME's new gold and silver reference prices?
Gold researcher Ronan Manly today analyzes the London Metals Exchange's 2-month-old system of posting daily reference prices for gold and silver and finds it not yet very useful or competitive with the prices reported by the Intercontinental Exchange and London Bullion Market Association. Manly concludes: "Ideally the London gold and silver markets do not need an additional benchmark reflecting fractionally-backed unallocated gold and silver trading, but a benchmark and reference price reflectin
Saturday, November 4, 2017
Steve Saville - Speculative Investor
  Motive, means and opportunity, but no crime
When a prosecutor is trying to establish guilt in a murder trial in most cases he will try to show that the accused had the motive, the means and the opportunity. However, prior to analysing motive, means and opportunity (MMO) there must first be evidence that an actual murder occurred. One of the most basic mistakes made by those who tout gold-price suppression stories is that they focus on the MMO without first establishing that a crime has taken place. The crime in this case would be causing
Tuesday, October 24, 2017
Nathan Lewis - New World Economics
God, Gold and Guns
We’ve been looking into One Nation Under Gold (2017), by James Ledbetter. October 2, 2017: One Nation Under Gold (2017), by James Ledbetter October 14, 2017: One Nation Under Gold #2: The Silliness of the Bretton Woods Years Now, we will follow Ledbetter’s account of the end of Bretton Woods in 1971, up to the present. The account of the 1971 devaluation was, following the pattern of this book, long on details but short on insight. It seemed to people at the time that they “had no choice,” that
Monday, October 23, 2017
Bullion Vault
Gold Prices Drop After LBMA Forecasts 6.6 Gain, Trump Gets 'Shortlist' for Fed Chair
GOLD PRICES extended this week's drop on Wednesday as bullion-market executives got back to work after the LBMA conference in Barcelona, taking the precious metal's loss since Monday's brief 3-week high to 2.0% against a rising US Dollar. The single Euro currency retreated to 1-week lows versus the Dollar amid speculation over US president Donald Trump's likely choice as Federal Reserve chief when Janet Yellen's current term ends in
Wednesday, October 18, 2017
Bullion Vault
Gold Price Up Above $1300 as Asian Shares Record Multi-Decade Highs, Geopolitical Tension Continues
The GOLD PRICE is up above $1305 per ounce this Monday lunch time amid Asian stock market gains to multi-decade highs following Friday’s record US stock levels. The MSCI Asia Pacific Index rose to its highest level since November 2007, while Nikkei climbed for a tenth day to the highest level seen since Nov 1996. The FTSE increased 0.06% and DAX gained 0.16%.  Spain’s IBEX Index fell 0.67%. Yesterday Catalan leader Carles Puigdemont called for calm whilst Spain’s central
Tuesday, October 17, 2017
Adrian Ash - Bullion Vault
LBMA 2017: Spain, Silver and 'Lower Forever'
Precious metals history and macro-outlook from LBMA conference... LITTLE so far on precious metals prices or supply and demand at LBMA 2017 here in Barcelona, writes Adrian Ash at BullionVault. Not directly at least. But the market itself cares little about price direction. The refiners, carriers, vaulters, dealers, brokers and bankers meeting at the London Bullion Market Association's annual conference focus instead on volumes, margin and – most of all – get
Monday, October 16, 2017
Alasdair Macleod - Finance and Eco.
Oil for gold – the real story
Following an article in the Nikkei Asia Review, which reported China will shortly introduce an oil futures contract priced in yuan, there has been some confusion about what it means. The article pointed out that in combination with existing gold futures priced in yuan, an oil exporter to China contracting to accept yuan could use these two futures contracts to take delivery of physical gold in payment for oil.I was quoted in that article as follows:"It is a mechanism which is likely to appeal to
Sunday, October 15, 2017
Chris Powell - GATA
Ronan Manly: New London silver benchmarking has no wider participation
Bullion Star market researcher Ronan Manly writes this week that the new silver auction process of the London Bullion Market Association to establish a benchmark price will be as faulty as its predecessors because participation will remain limited to the bullion banks that already dominate the market. Manly's commentary is headlined "LBMA Silver Price Benchmark -- Changes, But No Wider Participation" and it's posted at Bullion Star here: https://www.bullionstar.com/blogs/ronan-manly/silver-pric
Monday, October 2, 2017
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