Articles related to London Bullion Market Association
 
Sprott Money
The LBMA Is A Ploy of the Central Bank Community - Nico Simons
This article is about the way the Central Bank Community manipulates the price of gold and the role of the LBMA within. We describe some of the signs that the Central Bank Community manipulate the price of gold and that they are using the LBMA to reach their goal. Is the manipulation of the gold price a classic case of Diffusion of responsibility because so many organizations are involved and avoid taking responsibility? Manipulation is a joint effort of the Central Bank Community The sig
Wednesday, August 23, 2017
Sprott Money
The LBMA is a ploy of the Central Bank Community
This article is about the way the Central Bank Community manipulates the price of gold and the role of the LBMA within. We describe some of the signs that the Central Bank Community manipulate the price of gold and that they are using the LBMA to reach their goal. Is the manipulation of the gold price a classic case of Diffusion of responsibility because so many organizations are involved and avoid taking responsibility? Manipulation is a joint effort of the Central Bank Community The signs
Wednesday, August 16, 2017
Chris Powell - GATA
Nico Simons: LBMA is the front for gold market rigging by central banks
Dutch financial journalist Nico Simons today compiles admissions of central bank involvement with the gold market and concludes that the London Bullion Market Association is just a front for central bank rigging of the price of the monetary metal. The LBMA, Simons writes, provides central banks with the secrecy necessary for market rigging and this rigging, not any free market, determines the gold price. Simons' analysis is headlined "The LBMA Is a Ploy of the Central Bank Community" and it's po
Wednesday, August 16, 2017
USA GOLD - USA Gold
There is $300 billion worth of gold locked in the vaults of London
Quartz/Preeti Varathan/08-02-17 Some 600,000 gold bars, worth nearly $300 billion, are stashed around London. For good measure, there are also a million silver bars in London vaults, adding another $19 billion to the city’s precious metal holdings. Until recently, no one knew exactly how much gold and silver were stored in the vaults of the British capital. But this week, in the name of “transparency,” the London Bullion Market Association (LBMA) published this data for the first time. London is
Saturday, August 5, 2017
Chris Powell - GATA
Ronan Manly: Little transparency in LBMA's London vault report
This week's report by the London Bullion Market Association about the gold and silver held in London-area vaults brings little transparency to the issue and even contradicts itself, gold researcher Ronan Manly writes today. Manly concludes: "The amount of gold in the London LBMA gold vaults (including the Bank of England's) that is not central bank gold, that is not exchange-traded fund gold, and that is not institutional allocated gold is quite a low number. The actual number is difficult to de
Wednesday, August 2, 2017
Mark O'Byrne - gold.ie
The London Bullion Market Association
The LBMA, or London Bullion Market Association, offers "over-the-counter" (OTC) wholesale trading of gold and silver bullion between members. The LBMA operates the worlds largest OTC gold market, trading an average of $13.9 billion worth of bullion (equivalent to 18.3 million ounces, or 52,875 Good Delivery bars) each day. Because of its importance to the global bullion trade, the LBMA oversees spot dealing in gold and silver for most of the world. Gold traded by members of the London Bullion Ma
Wednesday, August 2, 2017
Ronan Manly - Bullion Star
LBMA Gold Vault Data – How low is the London Gold Float?
The London Bullion Market Association (LBMA) has just released a first update on the quantity of physical gold and silver holdings stored in the ‘LBMA’ London vaulting network. The LBMA press release explaining the move, dated 31 July, can be read here. This vaulting network, administered by the LBMA, comprises a set of precious metals vaults situated in London that are operated by the Bank of England and 7 commercial vault operators. For simplicity, this set of vaults can be called the LBMA Lon
Wednesday, August 2, 2017
Chris Powell - GATA
LBMA says London vaults hold 7,500 tonnes of gold
By Jon Yeomans The Telegraph, London Monday, July 31, 2017 London has long been acknowledged as the biggest gold trading centre in the world, but no one has ever been able to say for sure how much gold is stored in the capital -- until now. New data has revealed that around 7,500 tonnes of gold was held in London in March of this year -- the equivalent of 596,000 gold bars, or L227 billion worth of gold. The data was published by the London Bullion Market Association (LBMA) as part of a new driv
Tuesday, August 1, 2017
Chris Powell - GATA
Ronan Manly: West sent at least 4,200 tonnes of gold to Asia in 2013-15
Gold researcher Ronan Manly today documents the flow of 400-ounce London good- delivery bars to Asia via refineries in Switzerland that convert them to kilogram bars. Manly concludes: "Overall, within the 2013–15 period, that is about 4,200–4,600 tonnes of gold being converted into kilogram and other smaller-denomination high-purity gold bars and sent to markets in China, India, Hong Kong, and elsewhere in Asia. This is gold above and beyond mine supply and scrap supply. "Where has all of this
Tuesday, August 1, 2017
Ronan Manly - Bullion Star
The West lost at least another 1000 tonnes of large gold bars in 2015
Over the last number of years, one of the most interesting trends in the physical gold world is the ongoing conversion of large 400 ounce gold bars into smaller high purity 1 kilogram gold bars to meet the insatiable demand of Asian gold markets such as China and India. This transformation of 400 ounce bars into 1 kilogram bars is an established fact and is irrefutable given the large amount of evidence which proves it is happening, as has been documented on the BullionStar website and elsewhere
Monday, July 31, 2017
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
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