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Manipulation, Missing and Fractional Gold
More than 24 hours ago
Chris Powell - GATA
The critical questions Kitco never put to Doug Casey about gold price suppression 
Interviewed this week at the Freedom Fest conference in Las Vegas by Daniela Cambone of Kitco News, Casey Research founder Doug Casey called complaints of gold price suppression "ridiculous." Governments can't be suppressing the price of gold, Casey maintained, because gold has done rather well for four decades, because governments own a smaller share of the world's gold than they used to, and because all governments are bankrupt. ADVERTISEMENT Jim Sinclair plans gold investing seminar in Seat
Friday, July 11, 2014
Chris Powell - GATA
TF Metals Report: Morgan bought gold to sell it for price control
Analyzing gold futures market position data, the TF Metals Report's Turd Ferguson writes that JPMorganChase & Co. seems to have acquired its big long position in gold last year and early this year only as ammunition for selling to control the monetary metal's price. Ferguson's analysis is headlined "Considering the Latest Bank Participation Report" and it's posted at the TF Metals Report here: http://www.tfmetalsreport.com/blog/5832/considering-latest-bank-particip...
Wednesday, June 18, 2014
Chris Powell - GATA
Goldman Sachs paperizes India's largest gold ETF
Provision to Invest in Gold Deposit Schemes Introduces Credit Risk to Such Funds By Sachin P. Mampatta Business Standard, New Delhi Tuesday, June 17, 2014 http://www.business-standard.com/article/markets/your-gold-etf-has-chang... MUMBAI -- Gold exchange traded funds (ETFs) have a new element of risk. These schemes, which earlier held physical gold equivalent to the unit holders' investments, now lend a portion of these as part of a government move to meet gold demand through domestic sources. T
Tuesday, June 17, 2014
Chris Powell - GATA
China National Gold talks to Barrick about potential partnerships
By Alistair Macdonald The Wall Street Journal Tuesday, June 17, 2014 China National Gold Group Corp. is on the hunt for acquisitions and partnerships, the mining company's president said, possibly becoming a kingmaker in the beleaguered industry. Xin Song said he recently talked about potential partnerships with Barrick Gold Corp., the world's largest gold producer. ... Mr. Song said that his company, China's largest gold-mining concern, is searching for opportunities in gold, silver and copper.
Tuesday, June 17, 2014
Chris Powell - GATA
Goodbye, markets: Having monetized bonds, central banks have bought trillions in stocks
By Ralph Atkins Financial Times, London Sunday, June 15, 2014 http://www.ft.com/intl/cms/s/0/d9dfad02-f462-11e3-a143-00144feabdc0.html Central banks around the world, including China's, have shifted decisively into investing in equities as low interest rates have hit their revenues, according to a global study of 400 public-sector institutions. "A cluster of central banking investors has become major players on world equity markets," says a report to be published this week by the Official Moneta
Monday, June 16, 2014
Chris Powell - GATA
Koos Jansen: Chinese gold demand fell in June's first week
For the first week of June gold demand in China fell somewhat, though the trading week was shortened, gold researcher and GATA consultant Koos Jansen reports today. He adds that silver futures contracts came out of backwardation. His report is posted at his Internet site, In Gold We Trust, here: http://www.ingoldwetrust.ch/chinese-gold-demand-down-silver-premiums-dow...
Sunday, June 15, 2014
Chris Powell - GATA
Sprott Money News interviews GATA secretary about London gold fix
Your secretary/treasury was interviewed for 10 minutes today by Sprott Money News about growing suspicion about the daily London gold fix and what might replace it. The interview is not quite 10 minutes long and can be heard at the Sprott Money Internet site here: http://www.sprottmoney.com/sprott-money-weekly-wrap-up
Saturday, June 14, 2014
Chris Powell - GATA
Koos Jansen: Shanghai Gold Exchange chairman explains its objectives
Gold researcher and GATA consultant Koos Jansen today provides an English translation of a news report about a speech by Shanghai Gold Exchange Chairman Xu Luodo, explaining the exchange's plan to become a major international exchange increasing China's influence on the gold price and facilitating the internationalization of the nation's currency. Xu's speech also confirms that Shanghai Gold Exchange offtake is equivalent to China's total gold demand. Jansen's commentary is headlined "SGE Chairm
Friday, June 13, 2014
Chris Powell - GATA
If it ever asked the right question, the FT would make itself a contrarian indicator
In an interview today with King World News, Hinde Capital CEO Ben Davies cites as a likely contrarian indicator a story published this week on the front page of the Financial Times noting the collapse of market volatility. The FT story, whose first two paragraphs are appended, said the decline of market volatility is a matter of suppression of interest rates by central banks and acknowledged that this is a consequence of their "intervention." While acknowledging "intervention" by central banks i
Friday, June 13, 2014
Chris Powell - GATA
Koos Jansen: March Indian gold imports highest in 10 months
Because of rampant smuggling, official gold import data in India grossly underestimates the nation's gold demand. But gold researcher and GATA consultant Koos Jansen today reported something meaningful in the latest import data: a huge increase. Jansen writes that the figures for March showed Indian gold imports up 88 percent from February -- and of course India's new government is expected to relax import restrictions soon. Jansen's report is headlined "March Indian Gold Imports Highest in 10 M
Friday, June 13, 2014
Chris Powell - GATA
Ned Naylor-Leyland interview with Lars Schall covers gold market manipulation
Because of gold's supreme importance in the world financial system, the gold market should be the most transparent market but it is actually the least so, Quilter Cheviot Investment Management's Ned Naylor-Leyland tells financial journalist Lars Schall today. The interview, conducted for Matterhorn Asset Management's Gold Switzerland Internet site, covers gold market manipulation, the failure of the financial news media to treat the issue honestly, and the need for investors in the monetary meta
Friday, June 13, 2014
Chris Powell - GATA
Trace Mayer, James Turk discuss prospects for gold and private currencies
GATA consultants Trace Mayer of RunToGold.com and James Turk of GoldMoney discussed the prospects for gold, Bitcoin, and other private currencies at the European Gold Forum in Zurich, Switzerland, last month. The discussion was moderated by Paul Burton of Piran Mining Research and can be viewed at YouTube here: https://www.youtube.com/watch?v=YbtmM9ELWdQ
Friday, June 13, 2014
Chris Powell - GATA
China needs gold to protect its currency, Stoferle writes for KWN
Writing for King World News, Ronald-Peter Stoferle of Incrementum AG in Liechtenstein argues that as China's foreign exchange surplus falls and the value of the yuan starts to be questioned, China is buying gold to protect its currency as well as to diversify its currency reserves. Stoferle's commentary is posted at the KWN blog here: http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2014/6/12_Th...
Friday, June 13, 2014
Chris Powell - GATA
London gold fixing is open to manipulation, LME executive says
By Eric Onstad Reuters Tuesday, June 10, 2014 LONDON -- The global gold price setting benchmark or "fix" is open to manipulation, said the head of the London Metal Exchange (LME), which is competing to offer an alternative to the silver fix when the system is disbanded in August. The gold and silver fixes, along with other commodity benchmarks, have come under increasing scrutiny by regulators in Europe and the United States since a London Interbank Offered Rate (Libor) manipulation case last ye
Wednesday, June 11, 2014
Chris Powell - GATA
GATA Chairman Murphy's presentation to the Stansberry conference May 31
In his presentation to the Porter Stansberry Natural Resources Conference in Dallas on May 31, GATA Chairman Bill Murphy stressed that GATA is a fact-finding organization, not a purveyor of conspiracy theory, even as proof of market-rigging conspiracies has abounded in recent months, including a conspiracy that rigged the gold market. Video of the first 15 minutes of Murphy's presentation is posted here: http://tinyurl.com/lkdzkj3 The remaining five minutes can be viewed by downloading the full
Wednesday, June 11, 2014
Chris Powell - GATA
Join GATA at the Casey Research Summit in San Antonio in September
Gold market manipulation and market manipulation generally are likely to be major topics at the annual Casey Research Summit, to be held in San Antonio from Friday to Sunday, September 19 to 21, as speakers will include not only GATA board member Ed Steer, editor of Ed Steer's Gold and Silver Daily newsletter, a Casey Research publication, but also fund manager and geopolitical analyst James G. Rickards, fund manager and financial letter writer Grant Williams, and market analyst David Tice, all
Wednesday, June 11, 2014
Chris Powell - GATA
John Embry and James Turk interviewed at King World News
Sprott Asset Management's John Embry tells King World News today that "there is no reality in global markets any longer" and there's no sense in owning paper assets instead of real assets: http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2014/6/9_Thi... And GoldMoney founder and GATA consultant James Turk tells KWN that the U.S. dollar's failure to rally amid the European Central Bank's resort to negative interest rates indicates that the dollar is as sick as the euro: http://kingworl
Tuesday, June 10, 2014
Chris Powell - GATA
Alasdair Macleod: Market positions for gold and silver
Futures market positions in gold and silver indicate the likelihood of a short squeeze since the biggest trading banks are not as short as usual, GoldMoney research director Alasdair Macleod writes today. His commentary is headlined "Market Positions for Gold and Silver" and it's posted at GoldMoney here: http://www.goldmoney.com/research/analysis/market-positions-for-gold-and...
Monday, June 09, 2014
Chris Powell - GATA
Despite rig by Barclays trader, Lassonde still thinks the London gold fix is just fine
By Rachel Younglai The Globe and Mail, Toronto Sunday, June 8, 2014 http://www.theglobeandmail.com/report-on-business/industry-news/energy-a... The cozy little world of gold trading is getting less comfortable. A handful of bankers in London currently set the world standard for gold prices, a practice that started in 1919 and is widely used by governments, miners and brokers to buy and sell the precious metal and its financial derivatives. But regulatory probes have shone an unwanted spotlight o
Monday, June 09, 2014
Chris Powell - GATA
Russian companies prepare to pay for trade in renminbi
By Jack Farchy and Kathrin Hille Financial Times, London Sunday, June 8, 2014 http://www.ft.com/intl/cms/s/0/9f686816-ed51-11e3-abf3-00144feabdc0.html Russian companies are preparing to switch contracts to renminbi and other Asian currencies amid fears that western sanctions may freeze them out of the US dollar market, according to two top bankers. "Over the last few weeks there has been a significant interest in the market from large Russian corporations to start using various products in renmi
Monday, June 09, 2014
Chris Powell - GATA
GATA consultant Speck interviewed about gold and silver price suppression
Market analyst, statistician, author, and GATA consultant Dimitri Speck is interviewed about gold and silver price suppression by Claudio Grass, managing director of Global Gold AG in Rapperswil, Switzerland, in the June edition of the firm's newsletter: https://www.globalgold.ch/fileadmin/user_upload/Newletters/Global_Gold_O...
Saturday, June 07, 2014
Chris Powell - GATA
Commodity price suppression goes far beyond silver fix, Steer tells Sprott Money
GATA board member Ed Steer, interviewed by Sprott Money News during the Canadian Investment Conference in Vancouver last weekend, said that while the end of the daily London silver fix is welcome, commodity price suppression remains pervasive and intrinsic to futures markets that are controlled by the U.S. government. The interview is six minutes long and can be heard at the Sprott Money Internet site here: http://www.sprottmoney.com/sprott-money-weekly-wrap-up
Saturday, June 07, 2014
Chris Powell - GATA
TF Metals Report: Expect more gold price suppression for short covering in June
The TF Metals Report's Turd Ferguson forecasts more heavy price suppression by the gold cartel during June as it prepares to cover short positions in the futures markets: http://www.tfmetalsreport.com/blog/5811/clarifying-picture-june
Thursday, June 05, 2014
Chris Powell - GATA
Ecuador used gold reserves for Goldman Sachs loan collateral
By Nathan Gill Bloomberg News Wednesday, June 4, 2014 http://www.bloomberg.com/news/2014-06-04/ecuador-used-gold-for-goldman-s... QUITO, Ecuador -- Ecuador President Rafael Correa said today proceeds from a loan obtained from Goldman Sachs Group Inc. after he offered more than half the country's gold reserves as collateral will go toward investing in economic growth. The government, faced with a budget deficit forecast to hit a record this year, said last week that it "invested" 466,000 ounces o
Thursday, June 05, 2014
Chris Powell - GATA
ETF Securities enters race to provide silver price benchmark
By Xan Rice Financial Times, London Wednesday, June 4, 2014 http://www.ft.com/intl/cms/s/0/e8fdeabc-ebe6-11e3-8cef-00144feabdc0.html One of the biggest providers of exchange traded funds has entered the race to develop a new global silver price benchmark when the 117-year-old London silver fix is disbanded in August. ETF Securities, which pioneered gold-backed ETFs and oversees $19 billion in assets, said on Wednesday that it had submitted a detailed proposal to the London Bullion Market Associa
Thursday, June 05, 2014
Chris Powell - GATA
GATA's Ed Steer discusses gold price suppression at Vancouver conference
GATA board member Ed Steer, editor of Ed Steer's Gold & Silver Daily newsletter, was interviewed by GoldSeek's Vanessa Collette at last weekend's Cambridge House's Canadian Investment Conference in Vancouver and commented on the growing recognition of gold price suppression, its greater objective of the suppression of commodity prices generally, and gold demand from China and India. The interview is 11 minutes long and can be viewed at YouTube here: https://www.youtube.com/watch?v=8aDQgBjo9oM
Wednesday, June 04, 2014
Chris Powell - GATA
What if people ever started asking about rehypothecated gold?
By Melanie Burton Reuters Monday, June 2, 2014 SYDNEY, Australia -- China's northeastern port of Qingdao has halted shipments of aluminium and copper due to an investigation by authorities, causing concern among bankers and trade houses financing the metals, trading and warehousing sources said on Monday. Port authorities could not immediately be reached for comment. ... "Banks are worried about their exposure," one warehousing source in Singapore said. "There is a scramble for people to head do
Wednesday, June 04, 2014
Chris Powell - GATA
Embry, Leeb at KWN; Sprott 'connects the dots' for gold
Sprott Asset Management's John Embry tells King World News that the investment banks that are helping to suppress the gold price are active in the gold mining company share market as well: http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2014/6/3_Joh... Fund manager Stephen Leeb tells KWN that the United States is falling behind China technologically: http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2014/6/3_Chi... And Sprott CEO Eric Sprott, in commentary headlined "Connec
Wednesday, June 04, 2014
Chris Powell - GATA
Koos Jansen: The World Gold Council's new clothes
Gold researcher and GATA consultant Koos Jansen explains in detail today what the World Gold Council is missing in its gross underestimation of gold demand in China. Jansen's commentary is headlined "The World Gold Council's New Clothes" and it's posted at his Internet site, In Gold We Trust, here: http://www.ingoldwetrust.ch/the-world-gold-councils-new-clothes
Tuesday, June 03, 2014
Chris Powell - GATA
Banks routinely rigged gold fix to defend their positions, Financial Times reports
By Xan Rice Financial Times, London Tuesday, June 3, 2014 http://www.ft.com/intl/cms/s/0/7fd97990-eb08-11e3-9c8b-00144feabdc0.html When the UK's financial regulator slapped a L26 million fine on Barclays for lax controls related to the gold fix, it offered more ammunition to critics of the near-century-old benchmark. But it also gave precious metal traders in the City of London plenty to think about. While the Financial Conduct Authority says the case appears to be a one-off -- the work of a sin
Tuesday, June 03, 2014

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