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Manipulation, Missing and Fractional Gold
More than 24 hours ago
Chris Powell - GATA
U.S. gold reserve is leased but undeliverable, Jim Rickards tells Peter Schiff
Interviewed by fund manager Peter Schiff, geo-political strategist, author, and fund manager James G. Rickards asserts, among other things, that: -- The U.S. gold reserve has been leased out but has not left its vaults. -- The leased gold consists only of certificates of title that have been rehypothecated many times, creating a vast supply of imaginary gold that is undeliverable. -- If called for delivery, those certificates will be nullified by a bullion bank's claim of "force majeure" and set
Friday, August 15, 2014
Andy Hoffman - Miles Franklin
Gold and Silver Manipulation in the Eyes of the Chinese 
What a tragic mess the global economy has become with no hope of any outcome other than systemic currency collapse.  Each day, our “contrarian” view that sovereign Treasury yields will plunge toward a Japan-like zero is validated further, per what we wrote in May’s “Most Damning Proof Yet of QE Failure.”  In other words, irrespective of inexorably rising inflation, particularly in “emerging markets” most vulnerable to Western printing presses, global “big money” will bid Western sovereign bonds
Thursday, August 07, 2014
Chris Powell - GATA
Bullion Management Group: The manipulation of the gold market is self-evident
Paul de Sousa, executive vice president of Bullion Management Group in Toronto, has written a wonderful report summarizing some of the history, documentation, and purposes of gold price suppression by Western governments. De Sousa begins: "Arthur Schopenhauer said that 'all truth passes through three stages. First, it is ridiculed. Second, it is violently opposed. Third, it is accepted as being self-evident.' Well, it is now self-evident that the gold market is manipulated." De Sousa's report d
Thursday, August 07, 2014
Andy Hoffman - Miles Franklin
The Ultimate Gold Manipulation Primer
We have something very important to say today, but before doing so, want to keep the expanding worldwide economic collapse front and center.  In our view, the universal “realization of reality” is the most likely cause of the inevitable systemic financial crash – and conversely, the “reclaiming” of gold and silver’s rightful roles as the world’s only real money.  Let’s start with China, where it’s “miraculous” 10% equity surge this month is due to one thing and one thing only; i.e., the initiati
Wednesday, August 06, 2014
Chris Powell - GATA
Another FT reader got nowhere asking why the gold manipulation story was ...
Our friend and consultant R.M. in the United Kingdom, noting GATA's exchange today with the Financial Times -- -- relates an experience similar to that of our friend R.B. in the U.K., an FT subscriber who for five months prodded the newspaper for an explanation of the newspaper's quick deletion from its Internet site of its February 24 report about concerns about gold market manipulation. While R.B. eventually got an explanation from the newspaper's customer servic
Wednesday, August 06, 2014
Chris Powell - GATA
Jay Taylor interviews GATA secretary and analyst Jensen on price suppression
For his Internet radio program, "Turning Hard Times into Good Times," newsletter writer Jay Taylor yesterday interviewed your secretary/treasurer and mining executive and financial consultant and market analyst David Jensen about gold and silver price suppression. The interview with your secretary/treasurer is 21 minutes long and the interview with Jensen is 28 minutes long. They can be heard at Taylor's Internet site here:
Wednesday, July 30, 2014
Chris Powell - GATA
Technical analysis of markets begins to suspect its obsolescence 
Acknowledging that the usefulness of technical analysis is increasingly doubted as market manipulation intensifies, newsletter writer and technical analyst Tim W. Wood notes today that manipulation is as old as markets themselves and quotes various authorities to the effect that manipulation cannot long defeat any market's "primary trend." But Wood's authorities all precede the seizure of absolute economic power by the U.S. government, implemented by the Federal Reserve and Treasury Department a
Wednesday, July 30, 2014
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:
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 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 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:
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:
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 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:
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:
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: 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: 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:
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 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 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:
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:
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:
Thursday, June 05, 2014