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Top rated articles
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 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:
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, says he knows what's dragging the gold price down -- unfavorable sentiment among other financial letter writers and unfavorable charts: 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: 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 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:
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 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
Chris Powell - GATA
Jesse's Cafe Americain: How long can Phase II of the gold pool be sustained?
The London Gold Pool has been reinstated and is holding gold to $1,300 and silver to $20, Jesse's Cafe Americain argues this week. Jesse writes: "Phase I of the current gold pool ended with the collapse of the Washington Agreement, which was an attempt to prop up a failing arrangement often called Bretton Woods II. This failure became unmistakable with the change in central bank behavior toward gold, from net sellers to net buyers, with the revolt of the BRICs. "We are in Phase II now, which
Sunday, May 18, 2014
Chris Powell - GATA
What has the Swiss National Bank been doing with the country's gold reserves? 
Prompted by the research done this week by Turd Ferguson of the TF Metals Report showing that Switzerland's gold reserves probably were mobilized surreptitously for the smashing of the gold price in the last few years -- -- your secretary/treasurer today wrote by e-mail to the communications office of the Swiss National Bank ( to pose six questions about that country's gold reserves and the central
Thursday, May 15, 2014
Chris Powell - GATA
New York Sun: The dwindling Fed
The Federal Reserve Board has many vacancies, the New York Sun observes today, but Kentucky Sen. Rand Paul is threatening to delay appointments to the board unless the Senate permits a vote of his proposed Federal Reserve Transparency Act, the legislation championed by his father, former Rep. Ron Paul. The Sun writes: "The Federal Reserve fears this audit. It fears the private businesses. It fears the Congress that is its creator. It claims that an audit of the kind the House wants would interfe
Wednesday, May 14, 2014
Chris Powell - GATA
TF Metals Report: Swiss gold was used to bomb the price and now it's gone
The TF Metals Report's Turd Ferguson tonight compiles evidence that Switzerland's gold reserves were the crucial ammunition for the gold leasing that has driven the monetary metal's price down since 2011. He concludes that the Swiss gold now is gone, replaced with irredeemable paper claims. Ferguson's commentary comes as "An Open Letter to the Good People of Switzerland" and it's posted at the TF Metals Report's Internet site here:
Tuesday, May 13, 2014
Chris Powell - GATA
Inflation is everywhere except in the news, GoldMoney's Turk tells KWN
GoldMoney founder and GATA consultant James Turk takes a detailed look at commodity prices and concludes that inflation is everywhere except in the mainstream financial news media. Turk's comments come in an interview with King World News excerpted here:
Tuesday, May 13, 2014
Chris Powell - GATA
Eric Sprott, Andrew Maguire interviewed by King World News
King World News has monetary metals-related interviews with Sprott Asset Management CEO Eric Sprott, in two parts, here: And with London metals trader Andrew Maguire here:
Saturday, May 10, 2014
Chris Powell - GATA
Embry warns against 'paper gold,' expects a 'currency event'
Sprott Asset Management's John Embry, interviewed for a company newsletter, warns investors against "paper gold" and says he expects some sort of "currency event" that will change things dramatically:
Saturday, May 03, 2014
Chris Powell - GATA
Disposition of Italy's gold disclosed: New York Fed has half
Writing today's commentary for GoldCore, GATA consultant Ronan Manly discloses that about half of Italy's gold reserve, supposedly the world's third largest, has been vaulted at the Federal Reserve Bank of New York, with smaller amounts vaulted with the Bank of England in London and the Bank for International Settlements, which keeps its members' gold at the Swiss National Bank in Bern. Manly's report is headlined "GoldCore Reports Half of Italy's Gold is Held in New York Fed Vault; Is Repatriat
Friday, May 02, 2014
Chris Powell - GATA
Embry: Russia is fitter fiscally than U.S. and knows West's vulnerability with gold
Judging by debt burdens, Russia is in better economic shape than the United States, Sprott Asset Management's John Embry tells King World News today, and Russian President Vladimir Putin knows very well the West's vulnerability to a puncturing of paper gold. An excerpt from the interview is posted at the KWN blog here:
Tuesday, April 29, 2014
Egon von Greyerz - Matterhorn AM
Gold price rigging allows continuation of flawed policies
“The Matterhorn Interview – April 2014: Bill Kaye” Video interview: In this exclusive video interview on behalf of Matterhorn Asset Management / GoldSwitzerland Lars Schall talks with William S. Kaye, the Senior Managing Director of the Pacific Alliance Group of Companies in Hong Kong. They speak about the motive, the means and the opportunities to suppress the gold price. Kaye says the motive is simple as a free-market price of gold would essentially cast the interventions for what they are
Sunday, April 27, 2014
Chris Powell - GATA
So central bank gold is being held in investment bank vaults
Today's Reuters report about changes at the gold and currency trading desks of investment banks, which was called to your attention in a dispatch a little while ago -- -- is notable for more than its acknowledgment that central banks are surreptitiously trading gold every day, an acknowledgement made last September by the Banque de France: For in reporting that "banks that serve central ban
Wednesday, April 23, 2014
Chris Powell - GATA
Barrick and Newmont reported to remain eager for merger
By Euan Rocha Reuters Monday, April 21, 2014 TORONTO -- Talks between Barrick Gold Corp and Newmont Mining Corp about a potential merger have hit a snag, but sources close to the situation say the companies remain keen to reach a deal and discussions are likely to resume. The talks had been on for a few weeks, and the two sides had broadly agreed to a transaction under which Toronto-based Barrick would acquire Denver-based Newmont in an all-stock deal, said one source close to the matter. The so
Monday, April 21, 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:
Monday, April 21, 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
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
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 -- -- 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