Articles related to London Bullion Market Association
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:
Monday, October 2, 2017
Chris Powell - GATA
Monetary Metals provides lease rate charts to Goldseiten
By Bron Suchecki SCOTTSDALE, Arizona -- Monetary Metals announces that it has licensed its charts for the gold forward rate (GOFO), silver forward rate (SIFO), gold lease rate, and silver lease rate to the German precious metals internet site Goldseiten: The charts appearing on Goldseiten are updated daily, based on Monetary Metals' calculated forward and lease rates. Monetary Metals has developed a proprietary method of calculating highly accurate indicative rates base
Friday, September 29, 2017
Ronan Manly - Bullion Star
LBMA Silver Price Benchmark – Changes, but no Wider Participation
On 21 September, ICE Benchmark Administration (IBA) announced that it will take over the administration of the daily LBMA Silver Price benchmark auction beginning Monday 2 October. This LBMA Silver Price auction is the successor to the former London Silver Fix auction. The auction takes the form of trading unallocated silver positions on an electronic platform. The resulting price from the daily auction provides a daily silver price reference rate or benchmark which is used widely throughout the
Friday, September 29, 2017
Perth Mint Blog - Perth Mint Blog.
Small bars big news for those seeking affordable gold
We are pleased to announce 1/2oz cast bars made from 99.99% pure gold have been reintroduced for sale by The Perth Mint. The choice of many investors as a result of their low sales premium, cast bars currently come in eight sizes ranging from 1/2oz to 50oz.   Offering a particularly attractive price point for many buyers, the button sized 1/2oz bullion bar features the Mint’s swan logo – our London Bullion Market Association accredited stamp. The back of the bar is engraved with its purity and
Tuesday, September 26, 2017
Mark O'Byrne -
What is the Gold Fix?
What is the Gold Fix? To help facilitate trades on the London gold market, the price of gold is "fixed" twice each weekday. The Gold Fix is determined by a five member panel, known as The London Gold Market Fixing Ltd. The Gold Fix is used to help members of the London Bullion Market Association (LBMA) complete trades. The gold fix sets values in US dollars, British Pounds and Euros, and is used as a benchmark price by most of the world's markets for bullion and other gold derivatives. The Londo
Friday, September 22, 2017
Chris Powell - GATA
Russian government again shows it knows all about gold price suppression
Interviewing GATA's friend the gold market researcher, author, and financial letter writer Dimitri Speck of, the Russian government news agency Sputnik today demonstrates again that Russia knows all about the gold price suppression scheme of Western governments and central banks. Russia's acknowledgment of the scheme dates at least to the speech given to the London Bullion Market Association meeting in Moscow in June 2004 by the deputy chairman of the Bank of Russia, Oleg Mozh
Thursday, September 21, 2017
Chris Powell - GATA
LBMA pledges 'transparency,' so where are the gold swaps and leases?
Writing in the September issue of the World Gold Council's Gold Investor newsletter, London Bullion Market Association Chief Executive Ruth Crowell writes that the organization is committed to delivering transparency and so its members will disclose their transactions with governments, central banks, and the Bank for International Settlements, including gold swaps, leases, and gold-related derivatives. Crowell's essay is headlined "LBMA -- Delivering Transparency and Integrity" and is posted at
Thursday, September 21, 2017
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
Perth Mint Blog - Perth Mint Blog.
How much gold is in the London vaults?
Buyers and sellers of precious metals welcome greater transparency.  The London Bullion Market Association (LBMA) and the London Precious Metals Clearing Limited (LPMCL) have just begun releasing data on gold and silver inventories in London vaults. Until last week no one knew exactly how much precious metal was stored in the British capital’s vaults.  The vaulting statistics, which are released on a three month lagged basis, will be enhanced by more detailed trade reporting at an as yet unsp
Monday, August 7, 2017
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