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Manipulation, Missing and Fractional Gold
Most read articles
James Turk - Goldmoney
How gold was manipulated today in light trading 
James Turk describes to King World News exactly how the gold market was manipulated today in light trading conditions. Turk adds that gold now stands at the greatest backwardation it has seen in eight months. This is one of Turk's most important interviews ever because it exposes just how phony the paper gold and silver markets have become. Turk also discussed how this historic backwardation will be resolved in this powerful and timely interview.
Tuesday, April 22, 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
Merger talks between gold giants Barrick and Newmont break down
By Gillian Tan, Alistair MacDonald, and Dana Mattioli The Wall Street Journal Friday, April 18, 2014 Barrick Gold Corp. and Newmont Mining Corp. recently held abortive talks over a deal that would have combined the world's two largest gold producers at a time when they are battling a sharp drop in the price of gold, according to people familiar with the matter. The two companies had intended to announce a deal as early as Tuesday, one of the people said. They have discussed combining a number of
Saturday, April 19, 2014
Chris Powell - GATA
Russia, China likely to stop buying Treasuries, ex-White House financial aide says
Former Bush administration financial aide Philippa Malmgren tells King World News that Russia and China are likely to stop buying U.S. Treasuries altogether and that separatism is rampant around the world, not peculiar to Ukraine: http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2014/4/18_Ex...
Saturday, April 19, 2014
Chris Powell - GATA
TF Metals Report: The empty vaults of London
JPMorganChase traded its short position in gold for a long corner not to profit by squeezing the market but to keep unloading metal to manage the price, the TF Metals Report's Turd Ferguson writes today. The exchange-traded fund GLD is still being drained to supply Asia with metal, Ferguson adds, but the supply seems tighter than ever. Ferguson's commentary is headlined "The Empty Vaults of London" and it's posted at the TF Metals Report's Internet site here: http://www.tfmetalsreport.com/podcas
Monday, April 21, 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
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
Gene Arensberg: What's important -- what Comex participants say or what they do?
Gene Arensberg's Got Gold Report discloses tonight that the major gold futures market participants classified as producer merchants have the smallest short position in eight years. The industry, Arensberg writes, is expecting higher prices. His commentary is headlined "What's Important -- What the Comex Participants Say or Do?" and it's posted at the GGR Internet site here: http://www.gotgoldreport.com/2014/04/whats-important-what-the-comex-part...
Sunday, April 20, 2014
Chris Powell - GATA
Turk describes to KWN exactly how gold was manipulated today in light trading
GoldMoney founder and GATA consultant James Turk describes to King World News exactly how the gold market was manipulated today in light trading conditions. Turk adds that gold now stands at the greatest backwardation it has seen in eight months. An excerpt from the interview is posted at the KWN blog here: http://tinyurl.com/lmocqg9
Tuesday, April 22, 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
Mike Kosares: Anti-gold scare tactics aren't very effective lately
The anti-gold propaganda of mainstream financial news organizations is getting tedious, Mike Kosares of Centennial Precious Metals in Denver writes today, the more so because a little research into the price predictions of gold's disparagers finds that they are usually wrong. Kosares' commentary is headlined "Press' Anti-Gold Scare Tactics Largely Ineffective" and it's posted at Centennial's Internet site, USAGold.com, here: http://www.usagold.com/cpmforum/2014/04/20/press-anti-gold-scare-tactic
Monday, April 21, 2014
Chris Powell - GATA
LBMA defense of London gold fixing distracts from central bank involvement
The March edition of the London Bullion Market Association's magazine, The Alchemist -- presumably named for the ability of LBMA members to turn gold into paper -- carries a long defense of the daily London gold price fixings against complaints that they are likely manipulated by their participating bullion banks. The defense, written by Peter Fertig, director of QCR Quantitative Commodity Research Ltd., maintains that there are plausible explanations for the aspects of the fixings that have bee
Sunday, April 20, 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
Sprott cites GATA consultant on Chinese demand, notes paper bombing of gold
Interviewed by Sprott Money News, Sprott Asset Management CEO Eric Sprott cites gold researcher and GATA consultant Koos Jansen and GoldMoney's Alasdair Macleod in support of his belief that the World Gold Council's estimates of China's gold demand are grossly understated. Sprott also discusses last week's manipulation of the gold market via the dumping of a huge amount of paper gold. The interview is 10 minutes long and can be heard at the Sprott Money Internet site here: http://www.sprottmon
Tuesday, April 22, 2014
Chris Powell - GATA
China allows gold imports via Beijing, sources say, amid reserves buying talk
By A. Ananthalakshmi Reuters Monday, April 21, 2014 SINGAPORE -- China has begun allowing gold imports through its capital Beijing, sources familiar with the matter said, in a move that would help keep purchases by the world's top bullion buyer discreet at a time when it might be boosting official reserves. The opening of a third import point after Shenzhen and Shanghai could also threaten Hong Kong's pole position in China's gold trade, as the mainland can get more of the metal it wants directl
Monday, April 21, 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
If QE works so well, von Greyerz asks, why don't they do a lot more?
In an interview today with King World News, Swiss gold fund manager Egon von Greyerz offers what may be the best mocking yet of "quantitative easing." "It amuses me," von Greyerz says, "that the Bank of England has just published a paper stating that QE has raised growth in the United Kingdom by 3 percent or 50 billion pounds. Isn't this wonderful? Supposedly money printing raises GDP in real terms. So the U.K. has had QE of 375 billion pounds, which has raised real growth by 50 billion pounds.
Tuesday, April 22, 2014
Chris Powell - GATA
Antal Fekete mistakes GATA's objectives for a trading strategy
The economist Antal Fekete has written what he means as a reply to GATA Chairman Bill Murphy's March 23 interview with The Daily Bell complaining about manipulation of the gold market -- http://thedailybell.com/exclusive-interviews/35139/Anthony-Wile-Bill-Mur... -- but it's not really a reply at all. Fekete's commentary is headlined "Thank Heaven for Gold Manipulators" because he argues that manipulation of the gold market is an opportunity for traders to make money by selling call and put opti
Monday, April 21, 2014
Chris Powell - GATA
New York Sun: Piketty's gold?
Reflecting on French economist Thomas Piketty's new book, "Capital," the New York Sun today offers a most politically incorrect explanation for the explosion in income inequality and unemployment in the United States since the 1970s: the end of the dollar's gold convertibility and the unleashing of the age of infinite fiat money. The Sun's commentary is headlined "Piketty's Gold?" and it's posted here: http://www.nysun.com/editorials/pikettys-gold/88678/
Tuesday, April 22, 2014
Chris Powell - GATA
Gold's long backwardation makes Turk expect a good year for the monetary metal
The long and continuing backwardation in gold makes GoldMoney founder and GATA consultant James Turk think that the gold price suppression scheme will run out of metal soon and that this will be a good year for gold and silver. Turk's comments come in an interview with King World News: http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2014/4/23_Tu...
Thursday, April 24, 2014
Chris Powell - GATA
J.S. Kim: High-frequency trading rigs far more than gold and silver
Financial letter writer J.S. Kim argues today that investment banks use high-frequency trading not only to suppress the monetary metals markets but to rig all other major markets. Kim's commentary is headlined "Why Bankers Who Use HFT Algorithms Impede Life, Liberty, the Pursuit of Happiness" and it's posted at his Internet site, SmartKnowledgeU.com, here: https://smartknowledgeu.com/blog/2014/04/bankers-use-hft-algorithms-lite...
Monday, April 21, 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: 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
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
China and U.S. likely cooperate in gold suppression, researcher Koos Jansen says
China and the United States are probably cooperating for the time being in suppressing the price of gold so that China can obtain gold to hedge its foreign exchange surplus of U.S. dollars without collapsing the dollar's value or exploding the gold price, China gold market expert Koos Jansen tells Sprott Money News in an interview today. Jansen, a consultant to GATA, adds that he expects China's next official announcement of its gold reserves to be in the range of 4,000 to 5,000 tonnes. The int
Thursday, April 24, 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
Governments suppress gold to try to conceal inflation, Grant Williams tells KWN
Gold price suppression is crucial to Western governments that are creating vast amounts of money in the name of rescuing their economies, Singapore gold fund manager Grant Williams tells King World News. It's a matter of concealing inflation, he says. An excerpt from the interview is posted at the KWN blog here: http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2014/4/23_We...
Thursday, April 24, 2014
Chris Powell - GATA
Reuters notes that central banks trade gold every day but doesn't grasp what it means
Reuters has produced a news report about the currency markets that acknowledges not only that gold is primarily a competitive form of money but also that central banks are trading it surreptitiously every day. But of course the report fails to perceive and explain what that means -- that central banks are surreptitiously rigging the gold market and, with it, all other markets. Excerpts from the Reuters story are appended.
Wednesday, April 23, 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
Former presidential aide acknowledges causes for gold price suppression
Philippa Malmgren, financial counselor to President George W. Bush, tells King World News today that it's easy for governments to influence the gold price, that they have motive to suppress it, and that governments that hold U.S. dollars and fear their devaluation have motive to accumulate gold to hedge their dollar exposure. Malmgren says she finds it "extraordinary" that countries seeking to hedge their dollar exposure "can increase their holdings of gold so dramatically and yet the price goes
Friday, April 18, 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

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