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 | Andy Hoffman - Miles Franklin |
| The Chicago Way Precious Metals Protection Plan |
| Do you have a plan to protect your precious metals?
You should. I’m going to tell you mine today.
I’m from Chicago.
The second city. The windy city. The city of big shoulders.
All of that sounds nice, but if you’ve live in Chicago, the phrase that is always top of mind is not so romantic.
You may have heard it before. It’s the phrase that was famously mouthed by Sean Connery in the movie “The Untouchables” when he said “THATS the Chicago Way.”
The Chicago Way.
If you live in Chicago and don’t knFriday, March 9, 2018 |
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| Bullion Vault |
| Gold and Silver Trading Down to New Euro Lows as ECB Cuts 42 Words on QE |
| GOLD and SILVER TRADING in London's wholesale bullion market saw prices hold firm in everything but the single Euro currency on Thursday as the European Central Bank dropped a commitment to boost its QE stimulus if the economic or financial outlook worsens.
Platinum prices also fell hard against the Euro as the ECB cut
42 words first used in March 2016 from its monetary policy statement.
Friday, March 9, 2018 |
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 | Chris Powell - GATA |
| Reuters exclusive: Five banks open up trillion-dollar gold club |
| LONDON -- The five banks that settle every transaction in London's $6.8 trillion (4.9 trillion pounds) a year gold market are changing the rules of their clearing house to make it easier for newcomers to join.
The reform is part of a broad overhaul of institutions that underpin the world's largest bullion trading centre to make them more transparent after accusations of price manipulation by banks and traders and pressure from regulators.
As that pressure increased, the number of banks clearinThursday, March 8, 2018 |
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 | Michael Ballanger |
| Large Speculators and the House of Pain |
| This week's COT report once again confirms that the Large Speculators are arguably the stupidest group of gold traders in existence. To be certain, as criminality is to the Commercials, brainlessness is to the Large Specs. They are constantly long massive positions at major turning points in gold and silver and are consistently on the wrong side of the trade. Pundits love to refer to the Small Speculators as "dumb retail" or the typically green, blindly optimistic newcomer piling into gold futurSunday, February 18, 2018 |
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 | Adrian Ash - Bullion Vault |
| WTF Bonds Sink, Gold Price Jumps |
| Valentine's Day leap in yields and interest rates sees gold price rise...
OKAY, this is weird,
writes Adrian Ash at BullionVault.
"Increase in US inflation sparks bond sell-off," as the
Financial Times reports.
"Treasury yields hit 4-year highs," the
FT goes on, referring to the interest rate noThursday, February 15, 2018 |
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| Chris Powell - GATA |
| U.S. authorities charge three banks, eight individuals in futures 'spoofing' probe |
| WASHINGTON -- The U.S. Justice Department and the country's derivatives regulator said on Monday they had filed civil and criminal charges against three European banks, which paid $46.6 million to settle the cases, and eight individuals for alleged manipulation in U.S. futures and commodities markets.
UBS, Deutsche Bank, and HSBC and former traders at the banks, as well as individuals at other firms, were charged following a large-scale multi-agency probe including the Commodity Futures TradingFriday, February 2, 2018 |
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 | Mark O'Byrne - gold.ie |
| Gold Bullion Price Suppression To End Bullion Bank Traders Arrested For Manipulating Market |
| – CFTC fines UBS, HSBC and Deutsche Bank millions of dollars each for gold price manipulation – Deutsche Bank ‘engaged in a scheme to manipulate the price of precious metals futures contracts’– UBS ‘attempted to manipulate the price of precious metals futures contracts’– HSBC engaged ‘in numerous acts of spoofing with respect to certain futures products in gold and other precious metals’– Gold ‘experts’ continue to deny legal rulings, evidence amassed by GATA, admissions by banks and central banThursday, February 1, 2018 |
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 | 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, sThursday, February 1, 2018 |
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 | Rory Hall - The Daily coin |
| Chris Powell: Golden Rays and Silver Linings |
| We firmly believe, and have stated a number of times, that gold and silver are the only assets that have the fortitude to stand up to corrupt governments and zombie banks. These two assets, throughout history, have over and over and over again helped the people to gain wealth, to prosper and to truly innovate new technologies. What has happened over the past 100+ years is our wealth, innovation and sovereignty have been slowly stripped away.
Central banks are secretly trading all futures marketsWednesday, January 31, 2018 |
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| Chris Powell - GATA |
| TF Metals Report: How will the deniers of gold market rigging explain this |
| The TF Metals Report today wonders what excuses will be made by deniers of monetary metals market manipulation now that three investment banks -- Deutsche Bank, UBS, and HSBC -- have been fined millions of dollars by the U.S. Commodity Futures Trading Commission for manipulating the futures markets in the monetary metals.
The TF Metals Report's commentary is headlined "CFTC Fines Banks for Precious Metal Price Manipulation" and it's posted here:
https://www.tfmetalsreport.com/blog/8799/cftc-fineTuesday, January 30, 2018 |
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| Chris Powell - GATA |
| CFTC to fine UBS, Deutsche, HSBC for futures spoofing, manipulation, sources tell Reuters |
| https://www.reuters.com/article/us-usa-cftc-enforcement-exclusive/exclus...
WASHINGTON -- The U.S. derivatives regulator is set to announce it has fined European lenders UBS, HSBC, and Deutsche Bank millions of dollars each for so-called "spoofing" and manipulation in the U.S. futures market, three people with direct knowledge of the matter told Reuters.
The enforcement action by the Commodity Futures Trading Commission (CFTC) is the result of a multi-agency investigation that also involves the Saturday, January 27, 2018 |
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| Mark O'Byrne - gold.ie |
| Silver’s Positive Fundamentals Due To Strong Demand In Key Growth Industries |
| – Increased efforts in green energy and advanced technology set to boosts silver’s demand– Four-year supply deficit set to increase due to fewer mine openings and discoveries– Bank manipulation may be why silver under performing– TD Securities and the Bank of Montreal expect silver to be best performing precious metal in 2018– Growing industrial demand combined with monetary safe haven makes silver an excellent diversifier
The beauty of silver is its dual role. It is both a monetary metal and aWednesday, January 3, 2018 |
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 | Jan Skoyles - GoldCore |
| Silver’s Positive Fundamentals Due To Strong Demand In Key Growth Industries |
| – Increased efforts in green energy and advanced technology set to boosts silver’s demand
– Four-year supply deficit set to increase due to fewer mine openings and discoveries
– Bank manipulation may be why silver under performing
– TD Securities and the Bank of Montreal expect silver to be best performing precious metal in 2018
– Growing industrial demand combined with monetary safe haven makes silver an excellent diversifier
The beauty of silver is its dual role. It is both a monetary metal aWednesday, December 6, 2017 |
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| Bullion Vault |
| Gold Price 'Unmoved' by Catalonia, Down 7 Months in 12 as US Stocks Up in 11 Ahead of the Fed |
| GOLD PRICE gains of 0.9% overnight evaporated against a rising US Dollar in London on Wednesday ahead of the Federal Reserve's latest policy decision, widely-expected to leave interest rates and QE unchanged.
Gold popped to 1-week highs at $1280 per ounce in Asian trade overnight as the Caixin PMI survey said Chinese manufacturing activity held near stall-speed in October.
Bullion prices then reWednesday, November 1, 2017 |
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 | 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 toSunday, October 15, 2017 |
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| Jan Skoyles - GoldCore |
| London House Prices Are Falling – Time to Buckle Up |
| – London house prices fall in September: first time in eight years
– High-end London property fell by 3.2% in year
– House sales down by over a very large one-third
– Global Real Estate Bubble Index – see table
– Brexit, rising inflation and political uncertainty causing many buyers to back away from market
– U.K. housing stock worth record £6.8 trillion, almost 1.5 times value of LSE and more than the value of all the gold in world
– Homeowners and property investors should diversify and investWednesday, October 11, 2017 |
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| Michael Ballanger |
| The Monotonous Madness of Managed Markets |
| So there you have it. A clear breakout to all-time highs confirmed by every measure everywhere with momentum charging ahead and high-fives and champagne corks flying about with reckless abandon and serial glee. To quote Chuck Prince, who left Citigroup in 2007 with an exit bonus of around $12.5 million, $68 million in stock and options, $1.7 million pension, an office, a car and a driver for five years during which time Citigroup shed $64 BILLION in valuation, "As long as the music is playing, yThursday, October 5, 2017 |
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| 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 theFriday, September 29, 2017 |
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 | Mac Slavo - ShtfPlan |
| Japanese Banks Plan To Launch A Digital Currency Meant To Kill Off Cash |
| Japan’s central bank is currently planning to back a scheme that would permanently kill off cash. Using blockchain technology, the J-Coin is now under development by Japanese bankers.
The J Coin has the blessing of financial regulators as this will literally end Japan’s cash dependency. According to the Financial Times, the currency is meant to launch in time for the 2020 Tokyo Olympics as a way to streamline the country’s financial system. The idea for J-Coin is that it would sit alongside the Wednesday, September 27, 2017 |
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| Chris Powell - GATA |
| Philippine dictator Marcos' gold bars: Fact or fiction |
| * * *
By Gerry Lirio
ABS-CBN News, Quezon City, Philippines
Thursday, September 21, 2017
http://news.abs-cbn.com/focus/09/21/17/marcos-gold-bars-fact-or-fiction
MANILA -- By the late industrialist Enrique Zobel's recollections, former strongman Ferdinand Marcos left behind his widow, Imelda, and three children with a cache of gold bars that in 1989 was worth at least $35 billion.
Zobel disclosed the value of Marcos' gold bars in a 14-page sworn statement issued before the Senate Blue Ribbon CommFriday, September 22, 2017 |
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