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In the last 24 hours
Chris Powell - GATA
Holter muses on China's silver scheme; Barron doubts new raid on gold ETFs
Market analyst Bill Holter, who writes for GATA Chairman Bill Murphy's LeMetropole Cafe and for the Miles Franklin coin and bullion dealer Internet site, speculates, as silver market analyst Ted Butler often has done, that China is the big short in silver. But more so Holter speculates that China is aggressively using its silver short position to yank the gold market down so that it might acquire more gold cheaply. Holter's commentary is headlined "My Back and Forth Yesterday with John Embry" an
Friday, April 18, 2014
Chris Powell - GATA
Alasdair Macleod: Economic outlook darkens
The explosive rise in debt and the destruction of savings are government policies destroying the world economy, GoldMoney research director Alasdair Macleod writes today. As a result, he writes, the next financial crisis could be worse than 2008's. Macleod's commentary is headlined "Economic Outlook Darkens" and it's posted at GoldMoney's Internet site here: http://www.goldmoney.com/research/analysis/economic-outlook-darkens?gmre...
Thursday, April 17, 2014
Chris Powell - GATA
Paper gold falls in West but premium for real metal jumps in India
Hawala Premium Crosses 4% as Akshay Tritiya Boosts Demand; Spot Delivery Premium also Doubles By Rajesh Bhayan Business Standard, New Delhi Wednesday, April 16, 2014 http://www.business-standard.com/article/markets/official-gold-supply-dr... MUMBAI -- The premium for getting spot delivery for gold in the Indian market jumped to $70 an ounce from $35 a couple of days earlier, with a sudden scarcity. While the trade is facing a scarcity of gold in official channels due to lower imports by private
Thursday, April 17, 2014
Chris Powell - GATA
Asia takes every ounce West unloads but gold will fall for two years, GFMS says
By Ben Kilbey Platt's Metals Daily Thursday, April 17, 2014 http://www.platts.com/latest-news/metals/london/gold-price-likely-to-ave... LONDON -- A lack of investment interest in gold is starting to take its toll on the price, with an average of $1,225/oz forecast for 2014 and heading lower in 2015, GFMS said Thursday in its Gold Survey 2014. The price forecast is 13% lower than the 2013 average of $1,411.23/oz. "The price is expected to post 2014 lows in mid-year, with a fundamentally driven ra
Thursday, April 17, 2014
Chris Powell - GATA
Conspiracy fact: Top central bankers meet secretly every six weeks at BIS
By Michael Sauga and Anne Seith Der Spiegel, Hamburg, Germany Wednesday, April 16, 2014 Since the financial crisis, central banks have slashed interest rates, purchased vast quantities of sovereign bonds, and bailed out banks. Now, though, their influence appears to be on the wane with measures producing paltry results. Do they still have control? Once every six weeks, the most powerful players in the global economy meet on the 18th floor of an ugly office building near the train station in the
Thursday, April 17, 2014
Chris Powell - GATA
Use of gold as collateral in China is actually positive for gold, Rule tells KWN
What the World Gold Council construes as negative for gold, the supposed use of the metal as collateral for commodity loans in China, is actually bullish, Sprott Asset Management's Rick Rule tells King World News. "A whole class of creditors and debtors in China believes that gold is good security," Rule says. "There are a lot of other assets they could have used for good security, such as U.S. Treasuries. One suspects that China has enough U.S. Treasuries already and that an alternate asset cla
Thursday, April 17, 2014
More than 24 hours ago
Chris Powell - GATA
U.S. recruits satellites to compensate for Fed's 'tapering,' Roberts tells KWN
Interviewed by King World News, former Assistant U.S. Treasury Secretary Paul Craig Roberts speculates that the U.S. government has recruited its satellite countries, like Belgium, to compensate for the "tapering" being done with purchases of U.S. Treasuries by the Federal Reserve: http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2014/4/16_Pa... Also at KWN, Singapore-based gold fund manager Grant Williams endorses the work of fund managers and economists Paul Brodsky and Lee Quainta
Thursday, April 17, 2014
Chris Powell - GATA
Roberts, Leeb see trouble ahead for gold price suppression
Former Assistant U.S. Treasury Secretary Paul Craig Roberts tells King World News that the United States may lose control of the gold price if Russia withdraws from the Western bank payments system: http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2014/4/15_Pa... And fund manager Stephen Leeb tells KWN that China, having to hedge $4 trillion in a foreign exchange surplus, will continue to underwrite monetary metals and commodity prices: http://kingworldnews.com/kingworldnews/KWN_Daily
Wednesday, April 16, 2014
Chris Powell - GATA
Zero Hedge: Gold futures halted again on latest furious slamdown
From Zero Hedge, New York Tuesday, April 15, 2014 It seems the two words "fiduciary duty" are strangely missing from the dictionary of the new normal's asset management community. This morning, shortly before 8:27 a.m. ET, someone decided that it was the perfect time to dump thousands of gold futures contracts worth over half a billion dollars notional. This smashed gold futures down over $12 instantaneously, breaking below the 200-day moving averaged and triggering the futures exchange to halt
Wednesday, April 16, 2014
Chris Powell - GATA
Wall Street Journal spins a gold-bullish report to bearish
By Tatyana Shumsky and Chao Deng The Wall Street Journal Tuesday, April 15, 2014 China's appetite for gold is waning after a decadelong buying spree, suppressed by the country's economic slowdown and constrained credit markets. Demand in the world's biggest gold consumer is likely to stay flat in 2014, according to estimates from the World Gold Council. Gold demand in China has expanded every year since 2002, when it declined, according to the industry group, whose forecasts are closely watched
Wednesday, April 16, 2014
Chris Powell - GATA
Hardly a mention of central banks in FT report on London gold fix
The London Fix Has Been in Place for Almost a Century But Critics Say the System Needs Reform By Xan Rice Financial Times, London Monday, April 14, 2014 http://www.ft.com/cms/s/2/e31b0f44-b0e5-11e3-bbd4-00144feab7de.html On the morning of September 12, 1919, just 10 months after the end of the first world war, bankers at NM Rothschild & Sons in London sat down to calculate a fair price for gold. They had been asked to do this by the Bank of England, which wanted to restore the city's status as
Tuesday, April 15, 2014
Chris Powell - GATA
China gold demand seen rising 25% by 2017 as buyers get wealthier
By Nicholas Larkin Bloomberg News Tuesday, April 15, 2014 LONDON -- Gold demand in China, which overtook India as the largest user last year, will rise about 25 percent in the next four years as an increasing population gets wealthier, according to the World Gold Council. Consumer demand will expand to at least 1,350 metric tons by 2017, the London-based council said in a report today. Growth may be limited this year after 2013's price decline spurred consumers to do more buying last year, it sa
Tuesday, April 15, 2014
Chris Powell - GATA
Grant Williams: All markets are rigged, maybe gold most of all
All markets are rigged these days, perhaps the gold market most of all, fund manager Grant Williams writes in the new edition of his "Things That Make You Go Hmmm ..." letter. Williams echoes the observation made first four years ago by GATA's late board member Adrian Douglas that gold almost always goes down during London trading hours even as it is rising elsewhere, a reincarnation of the London gold pool of the 1960s: http://www.gata.org/node/8918 Williams writes: "In order for market rigging
Tuesday, April 15, 2014
Chris Powell - GATA
TF Metals Report: Plunging GOFO rates
The TF Metal Report's Turd Ferguson today reports confirmation that declining gold forward offered interest rates signal scarcity and a rising price and constitute a good trading indicator. His commentary is headlined "Plunging GOFO Rates" and it's posted at the TF Metals Report here: http://www.tfmetalsreport.com/blog/5663/plunging-gofo-rates
Monday, April 14, 2014
Chris Powell - GATA
Selling gold and piling up debt is crazy, Embry tells KWN
Sprott Asset Management's John Embry today tells King World News that it's crazy for the United States and other Western countries to be selling gold and accumulating stratospheric levels of debt: http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2014/4/14_Th...
Monday, April 14, 2014
Chris Powell - GATA
Economists notwithstanding, Indians know how to put their gold to work
By Julie McCarthy National Public Radio, Washington Monday, April 14, 2014 http://www.npr.org/blogs/parallels/2014/04/14/301412384/a-gold-obsession... It's indestructible. It's fungible. It's beautiful. And for Indians, gold -- whether it's 18-, 22-, or 24-carat -- is semi-sacred. The late distinguished Indian economist I.G. Patel observed, "In prosperity as in the hour of need, the thoughts of most Indians turn to gold." No marriage takes place without gold ornaments presented to the bride. Eve
Monday, April 14, 2014
Chris Powell - GATA
ECB policymakers plot QE road map
By Claire Jones Financial Times, London Sunday, April 13, 2014 A European Central Bank policy maker has offered hints on how the eurozone's monetary guardians would embark on an asset-buying, or quantitative easing, programme to stave off low inflation. Benoit Coeure, a member of the ECB's executive board who is seen as one of the officials closest to president Mario Draghi, indicated at the International Monetary Fund’s spring meetings in Washington that the central bank could buy a broad range
Monday, April 14, 2014
Charleston Voice
How the CIA, US Fed Reserve & Treasury Use the Secret Exchange Stabilization Fund (ESF)
This is culled and abbreviated from a 12/14/2011 post of ours.We feel it is appropriate to review in light of the goings-on and increasing intensity to audit the Fed and gold reserves of our own, and those in Fed custody for other nations. This is a very interesting video series by Eric deCarbonnel of Market Skeptics  about the Exchange Stabilization Fund. It is a look into the secret slush fund that operates trillions of dollars of with no oversight. It is the nexus of money and the dark w
Monday, April 14, 2014
Chris Powell - GATA
John Ing and Robert Fitzwilson interviewed by King World News
Market analyst John Ing tells King World News tonight that China's appetite for gold remains insatiable: http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2014/4/13_Ch... And the Portola Group's Robert Fitzwilson tells KWN that there is great potential for turmoil in Saudi Arabia: http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2014/4/13_Al...
Monday, April 14, 2014
Chris Powell - GATA
Koos Jansen: Shanghai withdrawals falling but still above last year's
Weekly withdrawals from the Shanghai Gold Exchange have been declining for five weeks but remain above withdrawals for the same period last year, gold researcher and GATA consultant Koos Jansen reports at his Internet site, In Gold We Trust: http://www.ingoldwetrust.ch/weekly-sge-withdrawals-dropping-ytd-585-mt
Sunday, April 13, 2014
Chris Powell - GATA
Michael Pento: HFT isn't top problem with U.S. markets; Fed's market rigging is
The big problem in U.S. markets isn't the skimming done by high-frequency trading but the rigging of interest rates and equity prices accomplished by the Federal Reserve, fund manager Michael Pento tells King World News: http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2014/4/12_Th... Former Assistant U.S. Treasury Secretary Paul Craig Roberts tells KWN of another problem with U.S. markets -- that all financial regulatory agencies are corrupt: http://kingworldnews.com/kingworldnews/K
Sunday, April 13, 2014
Chris Powell - GATA
Tocqueville's Hathaway on why gold is likely to rise
In commentary posted at King World News, the Tocqueville Gold Fund's John Hathaway makes a comprehensive case for higher gold prices. "No mining company management in its right mind would commit to a program of mine construction at current prices," Hathaway writes. "Therefore, we believe that mine supply will shrink in the years ahead, especially after 2015. Given the lead times involved in new mine construction and even with a moderately rising trend in gold prices, supply could be constrained
Saturday, April 12, 2014
Chris Powell - GATA
Trading oil outside of dollar might break gold price suppression, Roberts says
Acceptance by energy producers of currencies other than the U.S. dollar well might destroy the Federal Reserve's ability to suppress the price of gold, former Assistant U.S. Treasury Secretary Paul Craig Roberts tells King World News: http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2014/4/11_Pa...
Saturday, April 12, 2014
Chris Powell - GATA
IMF lies about U.S. and U.K. economies, von Greyerz tells KWN
Swiss gold fund manager Egon von Greyerz today explains to King World News how the International Monetary Fund's rosy evaluation of the U.S. and U.K. economies is a huge lie: http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2014/4/11_Gl...
Saturday, April 12, 2014
Chris Powell - GATA
HFT in Comex gold is like the old London Gold Pool, Kaye tells KWN
Hong Kong fund manager William Kaye tells King World News that high-frequency trading in gold on the New York Commodities Exchange is a variant of the London Gold Pool of the 1960s, another mechanism of gold price suppression. Kaye concurs with your secretary/treasurer that "controlling gold is the primary mechanism of controlling the world." An excerpt from the interview is posted at the King World News blog here: http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2014/4/11_Th...
Friday, April 11, 2014
Chris Powell - GATA
Pat Heller: U.S. has rigged precious metals markets for 80 years
Writing for Coin Week, Patrick Heller of Liberty Coin Service in Lansing, Michigan, provides a brief history of the U.S. government's mechanisms of surreptitious market intervention and headlines his commentary, "The U.S. Government Has Rigged Precious Metals Markets For 80 Years": http://www.coinweek.com/bullion-report/rigged-precious-metals-markets/
Friday, April 11, 2014
Chris Powell - GATA
Chris Martenson and Alasdair Macleod discuss China's corner on gold
Market analyst Chris Martenson and GoldMoney's Alasdair Macleod discuss China's increasing control of the gold market, anti-gold propaganda in the Western financial news media, the likelihood that Western governments will comandeer the gold of private investors, and other provocative topics in an interview posted this week in audio and text versions at Martenson's Internet site, Peak Prosperity, here: http://www.peakprosperity.com/insider/85192/chinas-demand-gold-has-trapp...
Friday, April 11, 2014
Chris Powell - GATA
Another smashing of gold unlikely because it would unleash demand, Kaye says
Hong Kong-based fund manager William Kaye today tells King World News that more smashing of the gold price seems unlikely because it would unleash unquenchable demand for real metal that isn't available: http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2014/4/10_Go...
Friday, April 11, 2014
Chris Powell - GATA
John Crudele: Did Goldman use HFT to rig markets for the U.S. government?
By John Crudele New York Post Monday, April 7, 2014 http://nypost.com/2014/04/07/goldman-keeps-its-flash-boys-under-wraps/ Yep, the stock market is rigged. I've been explaining this to you for nearly 20 years. But thanks to best-selling author 'Michael Lewis’ intriguing book "Flash Boys," which comes to the same conclusion, a much wider slice of America is talking about it now. But Lewis' book -- as well-written and riveting as his best-seller "Moneyball" -- touched on only one way the stock mar
Wednesday, April 09, 2014
Chris Powell - GATA
Koos Jansen: China gold demand fell in last week of March but remains high
Updating the Chinese gold demand figures, gold researcher and GATA consultant Koos Jansen reports that demand for the last full week in March declined a bit over the year-to-date weekly average but remained high: http://www.ingoldwetrust.ch/chinese-gold-demand-559-mt-ytd-up-16
Wednesday, April 09, 2014

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