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Articles related to London Bullion Market Association
 
Koos Jansen - Bullion Star
Did The Dutch Central Bank Lie About Its Gold Bar List?
Head of the Financial Markets Division of the Dutch central bank, Aerdt Houben, stated in an interview for newspaper Het Financieele Dagblad published in October 2016 that releasing a bar list of the Dutch official gold reserves “would cost hundreds of thousands of euros”. In this post we’ll expose this is virtually impossible – the costs to publish the bar list should be close to zero – and speculate about the far reaching implications of this falsehood.  Recap This story started a couple of ye
Sunday, July 23, 2017
Bullion Vault
Gold Bar Outflows from GLD Heaviest-Ever for a Week of Rising Prices
GOLD BARS traded in London wholesale market rose for a fourth morning running on Wednesday, holding near 2-week highs against a rallying US Dollar as world stock markets steadied and bond prices also flat-lined, holding longer-term interest rates at 3-week lows. Trading above $1240 per ounce, the price of large gold bars also gained for non-Dollar investors as the Euro retreated from Tuesday's new 14-month highs on the FX market ahead of Thursda
Wednesday, July 19, 2017
Chris Powell - GATA
New LME gold contract sees lackluster launch
An attempt by the London Metal Exchange and a group of banks including Goldman Sachs to grab a chunk of London's $5 trillion-a-year gold market through a new futures contract got off to a lacklustre start today. A total of $56 million worth of the yellow metal changed hands on the launch day, compared with $24 billion in the most active Comex gold futures contract in the United States, as the London Metals Exchange has yet to attract the big bullion banks JPMorgan and HSBC. The two banks are sup
Tuesday, July 11, 2017
Chris Powell - GATA
World's biggest metals exchange takes on the gold elite
The world's biggest industrial metals exchange is taking on the most powerful players in the gold market with the launch on Monday of its first futures contract for the commodity since the middle of the 1980s. The London Metal Exchange and its partners aim to grab a piece of the action in a city where almost half the world's gold changes hands. At stake are rival visions of how best to run the market, pitching the LME, Goldman Sachs Group Inc. and Morgan Stanley on one side and the London Bullio
Monday, July 10, 2017
Bullion Vault
'Fat Finger' Hits Comex Silver Price as London OTC Hits 18-Year High, LME Tries Gold Futures Again
TRADING in Comex silver futures contracts was hit Friday by what dealers and analysts called a 'fat finger' error, knocking the metal down more than $1 per ounce to a sudden 15-month low at the start of Japanese hours. A trade worth some $450 million in September and December silver futures saw those contracts plunge over 11%, immediately jumping back above $15.80 and rallying further as physical trading opened in London's wholesale market.
Friday, July 7, 2017
Ronan Manly - Bullion Star
How many Silver Bars are in the LBMA Vaults in London?
Sometime in the coming days, the London Bullion Market Association (LBMA) plans to begin publishing gold and silver vault holding totals covering the network of commercial precious vault operators in London that fall under its remit. This follows an announcement made by the LBMA on 8 May. There are seven commercial vault operators (custodians) in the LBMA custodian vault network namely, HSBC, JP Morgan, Brinks, Malca Amit, ICBC Standard Bank, Loomis (formerly Viamat), and G4S. Note that ICBC Sta
Wednesday, July 5, 2017
Chris Powell - GATA
Ronan Manly: How many silver bars are in the LBMA vaults in London?
Monetary metals researcher Ronan Manly reports today that the London Bullion Market Association is expected to announce soon just how much silver is held in its members' vaults in London, which presumably will bring some transparency to an exceedingly opaque market, in which claims to the metal greatly surpass the amount of metal supporting them. Manly's analysis is headlined "How Many Silver Bars Are in the LBMA Vaults in London?" and it's posted at Bullion Star here: https://www.bullionstar.co
Monday, July 3, 2017
Chris Powell - GATA
Monetary Metals reconstructs gold and silver forward rates
Monetary Metals, the Scottsdale, Arizona-based company that provides investors opportunities to earn interest on gold that is paid in gold, today announced that it is publishing daily "gold forward" and "silver forward" interest rates of the sort formerly published by the London Bullion Market Association -- the interest rate charged by bullion dealers for lending gold and silver against U.S. dollars. In an announcement written by the comapny's vice president for operations, Bron Suchecki, forme
Saturday, June 24, 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
Perth Mint Blog - Perth Mint Blog.
The ultimate guide to silver
Thinking about investing in silver? Here's your essential guide to the history, culture and science of one of the most remarkable metals known to man.  . The Periodic Table lists elements in order of atomic weight. At 47 on the table, silver is represented by 'Ag' from argentum, the Latin description for white, shiny metal.  . Silver is one of the seven so-called 'metals of antiquity' which mankind identified and found uses for thousands of years ago.  . First mined around 3,000 BC i
Monday, June 5, 2017
Chris Powell - GATA
London's gold benchmark hit by volatility after banks exit, Reuters says
London's gold benchmark experienced large, unpredictable fluctuations after some banks left the auction that sets the price relied upon by the $5 trillion-a-year bullion market, according to a Reuters analysis of trading data. The benchmark is meant to be a fair and accurate daily snapshot of the fast-moving "spot" market and is used by gold producers and consumers around the world to price contracts. Its level is set by the London Bullion Market Association (LBMA) Gold Price auction, which sees
Thursday, May 25, 2017
Egon von Greyerz - Matterhorn AM
“WE ARE SEEING NO SELLING OF PHYSICAL GOLD OR SILVER”
by Egon von Greyerz Time and time again we are seeing fraud taking place in the precious metals’ market. Thousands of tonnes of paper silver and paper gold are being dumped over just a few hours or days. For anyone who doesn’t understand what is happening, let me categorically state that this has nothing to do with the real physical market in gold and silver. No, this is blatant manipulation by governments and bullion banks as well as speculators. And since governments are involved, it is sancti
Friday, May 12, 2017
Sprott Money
Will Gold or Silver Pay the Higher Interest Rate? - Keith Weiner
This question is no longer moot. As the world moves inexorably towards the use of metallic money, interest on gold and silver will return with it. This raises an important question. Which interest rate will be higher? The Wrong Approach It’s instructive to explore a wrong, but popular, view. I call it the purchasing power paradigm. In this view, the value of money—its purchasing power —is 1/P (where P is the price level). Inflation is the rate of decline of purchasing power. This view treat
Tuesday, May 9, 2017
Ronan Manly - Bullion Star
Summer of 17: LBMA Confirms Upcoming Publication of London Gold Vault Holdings
Just over a week ago I wrote an article highlighting that the Bank of England has begun publishing monthly data on the total quantity of gold bars held within the Bank of England vaults in London. See “Bank of England releases new data on its gold vault holdings”. This new gold vault data was first released in early April 2017 and covers gold bar holdings at the Bank of England for every month-end for the last 6 years. Going forward, the Bank will publish updates to this dataset every month, on
Tuesday, May 9, 2017
Phoenix Capital - Gains Pains & Capital
Will Gold or Silver Pay the Higher Interest Rate?
by Keith Weiner This question is no longer moot. As the world moves inexorably towards the use of metallic money, interest on gold and silver will return with it. This raises an important question. Which interest rate will be higher? The Wrong Approach It’s instructive to explore a wrong, but popular, view. I call it the purchasing power paradigm. In this view, the value of money—its purchasing power—is 1/P (where P is the price level). Inflation is the rate of decline of purchasing power. This
Tuesday, May 9, 2017
Keith Weiner - Monetary Metals
Will Gold or Silver Pay the Higher Interest Rate?
This question is no longer moot. As the world moves inexorably towards the use of metallic money, interest on gold and silver will return with it. This raises an important question. Which interest rate will be higher? The Wrong Approach It’s instructive to explore a wrong, but popular, view. I call it the purchasing power paradigm. In this view, the value of money—its purchasing power—is 1/P (where P is the price level). Inflation is the rate of decline of purchasing power. This view treats the
Tuesday, May 9, 2017
Chris Powell - GATA
Fear of regulation causes big swings in London's silver benchmark, Reuters says
* * * Exclusive: Fear of Regulation Causes Big Swings in London's Silver Benchmark By Peter Hobson and Jan Harvey Reuters Thursday, April 27, 2017 LONDON -- London's silver price benchmark is plagued by big, unpredictable fluctuations that risk undermining its credibility and may complicate efforts by the London Bullion Market Association to find a new operator, according to a Reuters analysis of trading data and 10 industry sources. The benchmark is used by silver producers and consumers around
Saturday, April 29, 2017
Mark O'Byrne - gold.ie
Silver price manipulation, is regulation putting a stop to it?
Fear of regulation may impede bank’s from manipulating London’s silver benchmark New regulations in 2018 have spooked bullion banks and silver fix operators Lack of liquidity in silver fix auction has lead to high volatility in the market Silver benchmark has strayed from spot price multiple times since 2016 No new silver benchmark operator lined up to take over in the Autumn No smoke without fire as actions point to silver price manipulation Silver remains suppressed and at a low price for inv
Friday, April 28, 2017
Ronan Manly - Bullion Star
Bank of England releases new data on its gold vault holdings
An article in February on BullionStar’s website titled “A Chink of Light into London’s Gold Vaults?” discussed an upcoming development in the London Gold Market, namely that both the Bank of England (BoE) and the commercial gold vault providers in London planned to begin publishing regular data on the quantity of physical gold actually stored in their gold vaults. Critically, this physical gold stored at both the Bank of England vaults and the commercial London vaults underpins the gargantuan tr
Friday, April 28, 2017
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