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Most read articles
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:
Saturday, April 12, 2014
Chris Powell - GATA
Ukraine's gold reserves said being flown to New York Fed
Hong Kong-based fund manager William Kaye today tells King World News that Ukraine today airlifted its gold reserves, 33 tons, to New York, presumably for vaulting at the Federal Reserve Bank of New York -- and probably not to be seen again any sooner than they'd be if the Russian army had marched into Kiev to "protect" the gold before it was flown off. Maybe the Ukrainian gold will constitute the New York Fed's next shipment to the German Bundesbank in Frankfurt in the great international game
Tuesday, March 11, 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 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
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: 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:
Wednesday, April 16, 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 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
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:
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:
Friday, April 11, 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: And the Portola Group's Robert Fitzwilson tells KWN that there is great potential for turmoil in Saudi Arabia:
Monday, April 14, 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
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":
Friday, April 11, 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:
Saturday, April 12, 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:
Wednesday, April 09, 2014
Jesse - Le Cafe Américain
Ted Butler: J. P. Morgan And Precious Metal Price Manipulation On the Comex
I am no legal expert, and therefore have no idea of the merits of this as a prospective case.  The law involves things like intent, opportunity, evidentiary proof, and so forth. Apparently one can sue another entity for just about anything, but that does not mean that the case has any merit.   And I certainly could not advance such a case based on even industry knowledge. That strikes to the heart of my own issue. My primary concern is a lack of transparency. And that lack of transparency in th
Monday, March 24, 2014
Chris Powell - GATA
SEC lawyer, retiring, says agency too timid with Wall Street misdeeds
By Robert Schmidt Bloomberg News Tuesday, April 8, 2014 A trial attorney from the Securities and Exchange Commission said his bosses were too "tentative and fearful" to bring many Wall Street leaders to heel after the 2008 credit crisis, echoing the regulator's outside critics. James Kidney, who joined the SEC in 1986 and retired this month, offered the critique in a speech at his goodbye party. His remarks hit home with many in the crowd of SEC lawyers and alumni thanks to a part of his resume
Wednesday, April 09, 2014
Chris Powell - GATA
Tocqueville's Hathaway says London probe could scare off investors
By Francesa Freeman The Wall Street Journal Monday, April 7, 2014 Investigations into the London gold fix could scare institutional investors away from the metal, according the head of one of the world's largest investors in gold and precious metals mining shares. "We as money managers in the space have been hurt more not by the price action but by the feeling among investors that [London pricing] is just too weird, too inexplicable," said John Hathaway, who oversees $2 billion in gold investmen
Monday, April 07, 2014
Chris Powell - GATA
U.S. bristles at China's infringement of its monopoly on currency market rigging
By Robin Harding and Josh Noble Financial Times, London Tuesday, April 8, 2014 The US has warned Beijing not to go back to manipulating its currency, following a sharp depreciation of the renminbi since the start of 2014. "If the recent currency weakness signals a change in China's policy away from allowing adjustment and moving toward a market-determined exchange rate, that would raise serious concerns," said a senior Treasury official ahead of this week's IMF, World Bank, and G20 meetings in W
Tuesday, April 08, 2014
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
Leeb sees petro-dollar fading; Boyd acknowledges gold price is 'managed'
At King World News fund manager Stephen Leeb sees the world transitioning away from the petro-dollar into a mechanism pricing oil in a basket of currencies: And Agnico-Eagle CEO Sean Boyd acknowledges that the gold price is "managed" by governments as part of their general intervention in currency markets:
Wednesday, April 09, 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:
Sunday, April 13, 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
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: 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
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: 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:
Sunday, April 13, 2014
Chris Powell - GATA
Koos Jansen: China's gold demand up 51% so far this year over same period last year
Gold researcher and GATA consultant Koos Jansen calculates today that China's gold demand is up 51 percent so far this year compared to the same period last year. "The longer this insatiable demand continues," Jansen writes, "the more I start to ask myself where this gold is coming from. We know from Swiss refineries they're having a very hard time to source this much gold for China." Jansen's commentary is headlined "Chinese Physical Gold Demand YTD 369 Tonnes, Up 51% Year over Year" and it's p
Monday, March 03, 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:
Friday, April 11, 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: Williams writes: "In order for market rigging
Tuesday, April 15, 2014
Chris Powell - GATA
Russia threatens default to U.S. banks, dumping of U.S. bonds
From the Russian Legal Information Agency, Moscow Tuesday, March 4, 2014 MOSCOW -- As the United States considers imposing sanctions against Russia, concerns loom that Russia may be forced to declare its inability to pay off loans issued by US banks, presidential aide Sergei Glazyev told RIA Novosti. "Economic sanctions are a double-edged sword, and if the US will freeze our assets, that means our companies' dollar assets will be frozen too. That
Tuesday, March 04, 2014
Chris Powell - GATA
Predictably enough, Wall Street Journal shills for gold price rigging
Commodity's Benchmark Price Is Key to Stability of Global Transactions By Francesca Freeman The Wall Street Journal LONDON -- The London gold benchmark is vital to Grant Phillips's business. In workshops behind a highly secure store front in London's jewelry district, the firm that Mr. Phillips manages, Refined Precious Metals, melts gold scrap and sells it on to refiners. The price of gold on financial markets is constantly fluctuating. Mr. Phillips avoids that volatility by doing his buying a
Tuesday, February 25, 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
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