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Manipulation, Missing and Fractional Gold
Top rated articles
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
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
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 -- http://www.gata.org/node/14283 -- 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
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
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
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
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
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
China's weekly gold demand rises to highest level in nearly three months
China's weekly gold demand has risen to the highest level in nearly three months, gold researcher and GATA consultant Koos Jansen reports today at his Internet site, In Gold We Trust: http://www.ingoldwetrust.ch/chinese-weekly-gold-demand-highest-since-lat...
Saturday, May 31, 2014
Chris Powell - GATA
U.S. Mint stops rationing silver eagle coins
The U.S. Mint will stop rationing U.S. silver eagle coins next week, for the first time in 16 months, Mike Zielinski reports at Coin Update. "Despite the restraints on availability," Zielinski writes, "year to date silver eagle sales have reached 21,436,500 ounces, according to the latest data available on the Mint's website. The current sales level and the removal of allocation create the possibility for another annual sales record. During 2013 the Mint had sold a record high 42,675,000 ounces
Saturday, May 31, 2014
Chris Powell - GATA
UKIP's victorious Farage interviewed by King World News
Nigel Farage, leader of the upstart United Kingdom Independence Party and the revolt against the creeping totalitarianism of the European Union, is on the verge of becoming a world-historical figure, having scored a stunning victory in this week's election for the European Union Parliament. But Farage is still giving interviews to King World News, and tonight he says public debt is a crushing problem and the international financial system is a mirage. An excerpt from his interview is posted at t
Friday, May 30, 2014
Chris Powell - GATA
Hulbert thinks lousy sentiment, charts drag gold down, not central banks
Financial letter writer Mark Hulbert, commenting today for MarketWatch.com, says he knows what's dragging the gold price down -- unfavorable sentiment among other financial letter writers and unfavorable charts: http://www.marketwatch.com/story/heres-the-real-reason-gold-is-falling-2... It's no matter to Hulbert that by their own admission central banks are trading in the gold market "nearly every day," presumably for policy purposes rather than for fun competitions among their foreign exchange
Wednesday, May 28, 2014
Chris Powell - GATA
Notes on the Barclays gold manipulation case: Enough money can rig ANY market
Here are a few observations on the British Financial Conduct Authority's finding today that a trader for Barclays Bank manipulated the London gold fixing down one day two years ago to cheat a customer, a finding detailed by the FCA here: http://www.fca.org.uk/news/barclays-fined-26m-for-failings-surrounding-t... 1) The London gold fix, a peculiar and suspect mechanism already the target of class-action lawsuits for market manipulation, has been definitively impugned. But almost any market could
Friday, May 23, 2014
Chris Powell - GATA
Gold market rigging is ever more documented -- and ever more suppressed by the news media
Remarks by Chris Powell Secretary/Treasurer, Gold Anti-Trust Action Committee Inc. Committee for Monetary Research and Education Spring Dinner Meeting Union League Club, New York Thursday, May 22, 2014 For those of you who haven't heard of the Gold Anti-Trust Action Committee, a few words of introduction: Since 1999 we have been collecting and publicizing evidence and documentation of the longstanding Western central bank scheme of surreptitiously suppressing the price of gold as part of a broa
Friday, May 23, 2014
Chris Powell - GATA
Zero Hedge: India's return to gold market may trigger a blizzard of BIS paper
From ZeroHedge.com Wednesday, May 21, 2014 ... So will India finally allow its population again to purchase gold without limit as it appears set on doing? And how will the price of gold react when the formerly largest buyer of gold is back on the bid and scrambles to make up for one year of lost activity? We should know shortly, but one thing is certain: In the absence of private-sector manipulation now that even the gold-fixing cartel is imploding, the central bank manipulators, especially tho
Thursday, May 22, 2014
Chris Powell - GATA
Central banks suppress gold and oil to disguise inflation, Turk tells KWN
Western central banks are suppressing not only gold prices but oil prices too to disguise growing evidence of inflation, GoldMoney founder and GATA consultant James Turk tells King World News today. But, he adds, this won't work forever. An excerpt from the interview is posted at the KWN blog here: http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2014/5/19_Be...
Tuesday, May 20, 2014
Chris Powell - GATA
Conspiracy fact: Euopean central banks again admit, renew secret coordination on gold
Statement by the European Central Bank Frankfurt am Main, Germany Monday, May 19, 2014 http://www.ecb.europa.eu/press/pr/date/2014/html/pr140519.en.html The European Central Bank, the Nationale Bank van Belgie/Banque Nationale de Belgique, the Deutsche Bundesbank, Eesti Pank, the Central Bank of Ireland, the Bank of Greece, the Banco de Espana, the Banque de France, the Banca d'Italia, the Central Bank of Cyprus, Latvijas Banka, the Banque centrale du Luxembourg, the Central Bank of Malta, De Ne
Monday, May 19, 2014
Toby Connor - Gold Scents
Manipulation is Still Alive and Well in the Gold Market 
By Toby Connor, GoldScentsIf one looks at a longer term chart of the last two years it?s very clear that gold is being capped at certain levels, and those levels are slowly forcing gold lower and lower. Each one of these manipulation zones are being defended successfully and that has some serious connotations going forward.This all started right after the announcement of QE3. Gold was driven below $1700 and held below that level for 2 months. This got the ball rolling so to speak, it broke an in
Sunday, August 24, 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
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
Austrian central bank says gold audit is routine -- and secret
The audit of its gold reserves vaulted at the Bank of England that last week was reported being planned by the Austrian central bank -- http://www.gata.org/node/14031 -- has been conducted and was part of a routine series of audits by the bank and its results will not be made public, a bank spokesman said today. The bank spokesman, Christian Gutlederer, commented in response to an inquiry by the German freelance financial journalist Lars Schall. In addition to inquiring about the gold audit, S
Wednesday, May 28, 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
Koos Jansen: Chinese commodity financing deals in gold are greatly exaggerated
Chinese commodity financing deals using gold as collateral have been greatly exaggerated, gold researcher and GATA consultant Koos Jansen reports today. The World Gold Council estimates that the deals may involve as much as 1,000 tonnes of gold while Jansen estimates that it is no more than 100. His commentary is headlined "Mainstream Media Exaggerated Chinese Commodity Financing Deals" and it's posted at his Internet site, In Gold We Trust, here: http://www.ingoldwetrust.ch/mainstream-media-ex
Tuesday, May 27, 2014
Chris Powell - GATA
Is wine next target of price suppression by central banks?
And could vineyards be any more oblivious than gold mining companies? * * * The Best Investment of the 20th Century? Red Wine From News Services The Telegraph, London Tuesday, May 20, 2014 http://www.telegraph.co.uk/finance/personalfinance/investing/10844896/Th... Forget government bonds, fine art and even stamps: Red wine outperformed them all over the 20th century. At least that is what research by a team of academics from the University of Cambridge, HEC Paris and Vanderbilt University, Nashv
Wednesday, May 21, 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: http://jaytaylormedia.com/audio/
Wednesday, July 30, 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
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

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