Articles related to gold market
 
Chris Powell - GATA
Zero Hedge invites Financial Times to heed GATA's urging on gold suppression
Last night Zero Hedge called attention to Friday's column by Gillian Tett of the Financial Times, to which GATA also had called attention -- http://www.gata.org/node/17808 -- in which Tett speculated, as many in the gold sector have done, that the futures market being planned in bitcoin by CME Group would tend to suppress the cryptocurrency's price. Of course the use of futures markets to suppress gold and commodity prices has been one of GATA's themes for a long time, and a theme of the British
Saturday, November 18, 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
Koos Jansen - Bullion Star
China Gold Import Jan-Sep 777t. Who’s Supplying
While the gold price is slowly crawling upward in the shadow of the current cryptocurrency boom, China continues to import huge tonnages of the yellow metal. As usual, Chinese investors bought on the price dips in the past quarters, steadfastly accumulating for a rainy day. The Chinese appear to be price sensitive regarding gold, as was mentioned in the most recent World Gold Council Demand Trends report, and can also be observed by Shanghai Gold Exchange (SGE) premiums – going up when the gold
Thursday, November 16, 2017
Philip Judge
Lessons from the London Gold Pool 
As we examine 6000 years of monetary history, several very clear "Monetary Constants" seem to emerge. These very same constants have appeared throughout time and millennia, regardless of the empire, ruler or social structure of the day. While there are several, three of these constants are important to our journey into history today;
Thursday, November 16, 2017
Stewart Thomson - Graceland Update
Precious Metals: Patience Is Golden
Without growth in Western gold ETF holdings, the “decent but not spectacular” demand from China and India is not strong enough to move the gold price higher. The SPDR (GLD-nyse) fund gold holdings currently sit at about 843 tonnes. There has been very little change in the total tonnage for several months. That’s neutral for the gold price. Governments don’t like their citizens to own much gold. Restrictions they impose (like India’s import duty as a recent example) dampen demand enough so th
Tuesday, November 14, 2017
Chris Powell - GATA
BIS refuses to answer questions about its activity in the gold market
The Bank for International Settlements today refused to answer questions from the Gold Anti-Trust Anti-Trust Action Committee about the bank's activity in the gold market. On Monday your secretary/treasurer wrote to the bank's public information office calling attention to GATA consultant Robert Lambourne's latest analysis of the bank's October statement of account involving gold, which Lambourne construed to show a substantial increase in the bank's use of gold swaps. Your secretary/treasurer
Tuesday, November 14, 2017
The Gold Report
Is Silver's Underperformance a Positive Sign?
Technical analyst Clive Maund explains why he sees silver's prolonged underperformance as the sign of a bottom. Like gold, silver now appears to be completing an intermediate Head-and-Shoulders top that we can see on its latest chart below, within a much larger and very bullish Head-and-Shoulders bottom pattern. Both these Head-and-Shoulders tops are related to the Head-and-Shoulders bottom that just completed in the dollar index, that we look at in
Tuesday, November 14, 2017
Chris Powell - GATA
Another insider feels compelled to admit the gold market is rigged
Writing over the weekend for the Sharps Pixley bullion dealership in London, market analyst Lawrie Williams confided that he increasingly believes that the gold market is being rigged. Williams wrote that he has been pushed to such a conclusion by the growing number of smashes to the market out of the blue. Williams wrote: "We have just seen yet another instance of a totally insane volume of notional gold hitting the futures markets, surely designed to stop any positive momentum for gold in its
Tuesday, November 14, 2017
Chris Powell - GATA
Robert Lambourne: BIS gold swaps rose substantially in October
Disclosures in the October statement of account published by the Bank for International Settlements indicate that during October the bank increased substantially its use of gold swaps and other gold-related derivatives. The information provided in the BIS monthly statement of account is not sufficient to calculate a precise amount of gold-related derivatives, including swaps, but it appears that the total exposure has risen above 570 tonnes of gold as of October 31. This compares to an estimat
Tuesday, November 14, 2017
Chris Powell - GATA
'Nothing is real,' analyst Mannarino tells USAWatchdog's Hunter
Market analyst and trader Greg Mannarino, interviewed by USAWatchdog's Greg Hunter, says central banks and allied investment banks are rigging all markets, including the gold market, to prevent free-market price discovery. Mannarino sees signs that the bond market is about to get away from them but for the moment, he says, "Nothing is real." Mannarino adds that he has filed with the U.S. Securities and Exchange Commission a complaint about gold market rigging and encourages his readers to copy h
Tuesday, November 14, 2017
Chris Powell - GATA
Shilling for Bundesbank, FT avoids key questions about gold
Yesterday the Financial Times continued its campaign to persuade the world that nothing deceptive is going on in the gold sector, publishing a long article lauding the German Bundesbank and its board member, Carl-Ludwig Thiele, for flawlessly arranging the repatriation of some of the central bank's gold from London, Paris, and New York. At least the article, appended here, quotes the founder of Germany's "Repatriate Our Gold" campaign, Peter Boehringer, who just has been elected to the country's
Tuesday, November 14, 2017
Chris Powell - GATA
Gartman Letter relies on GATA's disclosure of BIS' latest intervention in gold
What is the world coming to when commodity market analyst and newsletter writer Dennis Gartman of The Gartman Letter (https://www.thegartmanletter.com/) starts relying on GATA for research? From today's edition: "Turning to gold, Friday was again a disaster as Fridays have been for the gold market all too often in the course of the past several years. Indeed, the best that gold can do at this point is hold its lows forged very late on Friday. The Bank for International Settlements reports that
Tuesday, November 14, 2017
Mark O'Byrne - gold.ie
Gold Coins and Bars Saw Demand Rise 17 to 222T in Q3
– Gold coins and bars saw demand rise 17% to 222t in Q3, driven largely by China – Chinese investors bought price dips, notching up fourth consecutive quarter of growth – Jewellery, ETF demand fell while gold coins and bars saw increased demand  – Central banks bought a robust 111t of gold bullion bars (+25% y-o-y) – Russia, Turkey & Kazakhstan account for 90% of 111t of central bank demand – Turkey increased gold purchases and saw broad based physical gold demand – Gold demand in Q3 at eight-ye
Friday, November 10, 2017
Gary Christenson - Sprott Money
Gold, Bubbles, SP 500, and Currency Wars - Gary Christenson
From John Rubino: “We’ll Look Back At This And Cringe” “Millions of people out there still bear the psychic scars of buying gold at $800/oz in 1980 or a tech stock at 1,000 times earnings in 1999 or a Miami condo for $1,000 per square foot in 2006. Today’s bubble will leave some similar marks. But where those previous bubbles were narrowly focused on a single asset class, this one is so broad-based that the hangover is likely to be epic in both scope and cumulative embarrassment.” BU
Thursday, November 9, 2017
Jan Skoyles - GoldCore
World’s Largest Gold Producer China Sees Production Fall 10
– Gold mining production in China fell by 9.8% in H1 2017  – Decreasing mine supply in world’s largest gold producer and across the globe – GFMS World Gold Survey predicts mine production to contract year-on-year – Peak gold production being seen in Australia, world’s no 2 producer – Peak gold production globally while global gold demand remains robust Editor Mark O’Byrne Gold production in the world’s largest gold producer and buyer fell by nearly 10% in the first half of 2017 in what may be a
Tuesday, November 7, 2017
Stewart Dougherty
  Electronic Gold: The Deep State’s Corrupt Threat to Human Prosperity and Freedom 
There are crooks everywhere you look now. The situation is desperate.” Final blog entry by Daphne Caruana Galizia, 53, renowned Maltese investigative reporter who specialized in exposing state corruption; posted on 16 October 2017, one day before she and her vehicle were blown to bits by a car bomb in Bidnija, MaltaIn 2011, gold pulled a “Bitcoin” before anyone even knew what Bitcoin was: its price went vertical to $1,900 per ounce. Inflation-adjusted, the price was still fa
Tuesday, November 7, 2017
Sprott Money
Gold Speculators Refuse To Give Up; Another Drop Likely - John Rubino
Normally winter is a good time for gold, with men buying their significant others jewelry for Christmas and lots of New Years Day marriage proposals. Here’s an overview of the dynamic from Adam Hamilton of Zeal Intelligence: Seasonality is the tendency for prices to exhibit recurring patterns at certain times during the calendar year. While seasonality doesn’t drive price action, it quantifies annually-repeating behavior driven by sentiment, technicals, and fundamentals. We humans a
Monday, November 6, 2017
Jan Skoyles - GoldCore
German Investors Now World’s Largest Gold Buyers
– German gold demand surges from 17 ton-a-year to a 100 ton-plus per year – €6.8 Bln spent on German gold investment products in 2016, more per person than India and China – Germans turned to gold during financial crises and ongoing euro debasement – Evidence of latent retail demand on increased economic concerns – “Gold fulfils an important long-term, wealth preservation role in German investors’ portfolios” Editor: Mark O’Byrne India and China often grab the headlines as the world’s largest
Monday, November 6, 2017
Andy Hoffman - Miles Franklin
Asking the Wrong Questions
This article is NOT relevant to High Frequency Traders, Hedge Fund Managers, the political and financial elite, or central bankers. It is relevant if: You sense or know much is wrong in our financial world… You worry that the furious rally in the stock market since 2009 might be close to a peak… You know that exponentially increasing debt can’t continue forever… You think that a 36 year bond bull market might have rolled over… You own no politicians and have no Senators on speed-dial… You are w
Monday, November 6, 2017
Chris Powell - GATA
Bullion Star's gold charts for October
Bullion Star's gold charts for October have been posted, showing data for China, India, Russia, Swiss exports, and exchange-traded funds: https://www.bullionstar.com/blogs/gold-market-charts/gold-market-charts-...
Saturday, November 4, 2017
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