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Jarold Kintz  
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Most read articles
James Turk - Goldmoney
Historic Shift In The Gold & Silver Markets
With continued turmoil in major markets, today James Turk told King World News that we are witnessing a historic shift in the gold and silver markets.  Turk also discussed what the implications of this historic shift in these markets means as well as what investors should expect next. Click here to read the full interview on King World News.
Tuesday, July 22, 2014
Chris Powell - GATA
Arensberg: Goldman's scare tactics failing; Maguire: Smashdowns spur offtake 
The Got Gold Report's Gene Arensberg writes today that Goldman Sachs' bearish calls on gold don't seem to be achieving much traction. Goldman and other big shorts in the monetary metals remain very vulnerable to a squeeze, Arensberg writes. His commentary is headlined "Goldman's Bearish Gold Call Tired, Comex Swap Dealers Squeeze-Vulnerable" and it's posted at the GGR here: http://www.gotgoldreport.com/2014/07/goldmans-bearish-gold-call-tired-co... Meanwhile at King World News, London metals tra
Saturday, July 26, 2014
Alasdair Macleod - Finance and Eco.
  What is with the silver fix?
GoldMoney's Alasdair Macleod joined Financial Services Network to discuss the impending demise of the London Silver Fix. Will it force the LBMA to become more transparent and to modernize? Alasdair believes they need to do this to remain the center of the world's precious metal trade. He also believes that the latest slam down in gold prices was due to profit taking and not an organized take-down. Click here to listen to the full interview
Wednesday, July 23, 2014
James Turk - Goldmoney
Expect A Wild Trading Week In The Gold & Silver Markets
With continued uncertainty in major markets, today James Turk warned King World News that we should expect a wild week in the gold and silver markets. Turk also discussed what the implications of a coming inflationary storm and the Fed's dangerously bloated balance sheet hitting record levels. Read the full interview here on King World News.
Tuesday, July 29, 2014
Jesse - Le Cafe Américain
Gold Daily and Silver Weekly Charts - Silver Price Rigging, Huge Week for News Coming
Gold and silver bounced back quite a bit from the bear raid earlier this week. Things are so boring on the Comex I think they didn't bother to update the clearing reports or the warehouse data. Deutsche Bank, Bank of Nova Scotia, and HSBC have been accused of manipulating the silver fix.    Whitewash and/or wristslaps to follow. There is little justice, and no real reform.  Like flies to wanton boys are we to the Banks. Next week is going to be a huge week f
Saturday, July 26, 2014
Chris Powell - GATA
Deutsche Bank, HSBC accused of silver fix manipulation
By Patricia Hurtado Bloomberg News Saturday, July 26, 2014 NEW YORK -- Deutsche Bank, HSBC Holdings, and Bank of Nova Scotia were accused in a lawsuit of rigging the price of billions of dollars in silver, an allegation similar to earlier suits involving the London gold fix. The banks unlawfully manipulated the price of the metal and its derivatives, an investor claims in a complaint filed yesterday in federal court in Manhattan. The banks abused their position of controlling the daily silver fi
Saturday, July 26, 2014
Chris Powell - GATA
Gene Arensberg: The gold trade seems to see little downside risk
The Got Gold Report's Gene Arensberg tonight looks again at trader positions in gold futures and concludes that "the gold trade," the people who do the biggest business in gold, "are currently positioned as though they do not believe that gold has any significant downside." Arensberg's commentary is headlined "Comex Producer/Merchants in Gold, View from 30,000 Feet an Eye-Opener" and it's posted at the GGR here: http://www.gotgoldreport.com/2014/07/comex-producermerchants-in-gold-vie...
Wednesday, July 23, 2014
Chris Powell - GATA
Options expiration's influence on gold cited by Eric Sprott
Sprott Asset Management's Eric Sprott, interviewed today by Sprott Money News for the weekly market wrapup, joins those calling attention to the suppressive influence on the gold price by the imminent futures contract options expiration. The interview is six minutes long and can be heard at the Sprott Money Internet site here: http://www.sprottmoney.com/sprott-money-weekly-wrap-up
Saturday, July 26, 2014
Chris Powell - GATA
Gene Arensberg: Comex swap dealers hedging a massive long play on silver? 
Some really big money has just taken a huge long position in silver, the Got Gold Report's Gene Arensberg writes tonight as he analyzes futures market trader positioning data. Arensberg says the positioning looks like what happened when gold blasted off at the end of 2010. His commentary is headlined "Comex Swap Dealers Hedging a Massive Long Play on Silver?" and it's posted at the Got Gold Report here: http://www.gotgoldreport.com/2014/07/comex-swap-dealers-hedging-a-massiv...
Monday, July 28, 2014
Jesse - Le Cafe Américain
Gold Daily and Silver Weekly Charts - The Pretenders
The metals were a dull trade today, although the miners were beleaguered by the usual mischief. There was nothing of real interest to report in the Comex activities from yesterday. The Comex may some day have little more relevance to real market prices than an exhibit at the Smithsonian."Look Johnny, this is where people used to pretend to trade things they didn't use or even have. For real money. And they were adults like mommy and daddy!"Have a pleasant evening.
Thursday, July 24, 2014
Chris Powell - GATA
Gold likely to be under heavy attack this week, Turk tells KWN 
GoldMoney founder and GATA consultant James Turk tells King World News today that the central planners are likely to throw everything they can at gold this week but there seem to be plenty of buyers around $1,300: http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2014/7/28_Tu...
Tuesday, July 29, 2014
Chris Powell - GATA
U.S. gold ETF delivers first physical bullion coins; holdings grow
By Frank Tang Reuters Wednesday, July 23, 2014 NEW YORK -- Merk Gold Trust, a bullion-backed exchange-traded fund that allows its shares to be redeemed for physical gold, said on Wednesday it has made its first delivery in dozens of U.S. gold coins to an investor. The ETF, launched by Palo Alto, California-based Merk Funds in May to offer a liquid trading product with the benefits of physical gold bullion, has accumulated 40,000 ounces in two months even in a bearish gold market. ... ... For the
Thursday, July 24, 2014
Chris Powell - GATA
Liam Halligan: The dollar's 70-year dominance is coming to an end
By Liam Halligan The Telegraph, London Friday, July 19, 2014 http://www.telegraph.co.uk/finance/comment/liamhalligan/10978178/The-dol... In early July 1944, delegates from 44 countries gathered at the Mount Washington Hotel in Bretton Woods, New Hampshire. A three-week summit took place, at which a new system was agreed to regulate the international monetary and financial order after the Second World War. The US was already the world's commercial powerhouse, having eclipsed the British Empire se
Tuesday, July 22, 2014
Chris Powell - GATA
Gold and bitcoin fuel demand for each other in India
By the Press Trust of India via Business Standard, New Delhi Sunday, July 27, 2014 http://www.business-standard.com/article/pti-stories/gold-for-bitcoin-ne... In a fresh possible headache for regulators, including in India, "gold for bitcoin" trades are emerging as a new fad in the world of anonymous transactions, fueling further the appetite for virtual currencies. This comes at a time when the count of virtual currencies available in the market is fast moving closer to the 500 mark, although t
Sunday, July 27, 2014
Egon von Greyerz - Matterhorn AM
Gold industry is facing higher cost
King World News weekly – July 24, 2014 Greyerz: “Today there are massively elevated risks in the world both geopolitically and financially. With these risks we could see a change in markets at any time. I see investors in the two biggest markets in the world, bonds and stocks, being totally oblivious of what’s going to hit them. But before this is over, the world will experience asset destruction of a major proportion. I see stock markets coming down 90 percent in real terms (versus gold), and
Friday, July 25, 2014
Chris Powell - GATA
Turk notes weakening 'flash crashes'; Embry knocks Yellen's disinformation
"Flash crashes" in gold and silver, the attacks of market-rigging central planners, are having less effect, GoldMoney founder and GATA consultant James Turk tells King World News today. "With both gold and silver -- as well as the mining stocks -- being so undervalued," Turk says, " the central planners can't keep downward pressure on the precious metals for days or even weeks like they used to." Turk's interview is excerpted at the KWN blog here: http://kingworldnews.com/kingworldnews/KWN_Dail
Tuesday, July 22, 2014
Jesse - Le Cafe Américain
SP 500 and NDX Futures Daily Charts - Tragedy Tomorrow, Comedy Tonight
Facebook announced 'better than expected' numbers after the bell. The stock sold off a bit because apparently the 'whisper numbers' were higher. AT&T posted a miss. Unemployment claims out tomorrow, as if anyone cares. The IMF has lowered its US growth estimates and suggests Fed easing could extend beyond 2015. Have a pleasant evening.
Thursday, July 24, 2014
Chris Powell - GATA
Petropavlovsk's Hambro 'horrified' by gold market rigging; he should buy a GATA T-shirt
By Thomas Biesheuvel Bloomberg News Tuesday, July 22, 2014 http://www.bloomberg.com/news/2014-07-22/hambro-horrified-by-tampering-o... LONDON -- Peter Hambro, chairman of gold producer Petropavlovsk Plc, said he was "horrified" by the manipulation of the London fix given its importance to the industry. "When I read the reports on what people had been doing to it, I was horrified," Hambro said in an interview today. "It is something that is really important to people in the industry. It's somethi
Tuesday, July 22, 2014
Jesse - Le Cafe Américain
Is the New BRICS Bank a Challenge To US Global Monetary Power? 
"Brazil, Russia, India, China and South Africa have many allies in the G-20, the minister noted, naming Argentina, Mexico and Indonesia in particular. 'They speak in the common voice with BRICS in the G-20 on the reform of international financial system,' the diplomat said. BRICS countries are going to jointly demand implementation of the International Monetary Fund (IMF) reform during the G-20 summit being hosted by Australia in November.  The agreements to reform IMF quotas were reached
Sunday, July 20, 2014
Jesse - Le Cafe Américain
Gold Daily and Silver Weekly Charts - Metals Bounce, Huge Week for Events and News Coming
Gold and silver bounced back quite a bit from the bear raid earlier this week. Things are so boring on the Comex I think they didn't bother to update the clearing reports or the warehouse data. Next week is going to be a huge week for news. First off we have a Comex option expiration on Monday the 28th. Next, we will be seeing a trifecta of metals sensitive news events including 2nd Quarter Advance GDP release on Wednesday morning.   I have heard that John Williams is looking for a disap
Saturday, July 26, 2014
Jesse - Le Cafe Américain
SP 500 and NDX Futures Daily Charts - Ho Hum
Earnings and geopolitical events continued to drive the US markets this week. As for geopolitical events, since nothing blew up within the last 24 hours, the markets pretty much forgot about them, including plague, wars, and rumours of war. As for earnings, they are mediocre, and stocks gave back some of their gains today on that disappointment. Next week ought to be action packed. I will discuss that further in tonight's metals commentary. Have a great weekend.
Saturday, July 26, 2014
Jesse - Le Cafe Américain
Gold Daily and Silver Weekly Charts - Holding Pattern as The Empire Strikes Back 
With tomorrow's trading the emphasis will likely shift from silver to gold as we move into the August contract period where gold is 'active' and silver is not. Tomorrow brings the advance 2Q GDP number, and the results of a two day FOMC meeting in the afternoon. Let's see how the metals make it through this gauntlet. And Non-Farm Payrolls on Friday. Argentina may be forced into default tomorrow because of some fairly obtuse rulings by the fund friendly NY courts.  The conversation about this
Wednesday, July 30, 2014
Chris Powell - GATA
Comex gold market data is likely corrupted, Sprott says
Comex gold market data is likely corrupted to facilitate the paper gold market's domination of the physical gold market, Sprott Asset Management CEO Eric Sprott remarks in his latest interview with Sprott Money News. Sprott praises GATA's work exposing gold market manipulation, cites GATA consultant Dimitri Speck's book "The Gold Cartel," and says he sees no need for a daily silver price-fixing mechanism. The interview is 24 minutes long but if you can read faster than you can listen, a full tra
Wednesday, July 30, 2014
Chris Powell - GATA
Lawsuit charges that half of Chicago futures are illegal 'wash' trades
Jim Sinclair calls attention to a report by Pam Martens of Wall Street on Parade about a lawsuit charging that half of all futures trades on the Chicago Mercantile Exchange are illegal "wash" trades, trades in which the buyer and seller are essentially the same party: http://wallstreetonparade.com/2014/07/lawsuit-stunner-half-of-futures-tr...
Friday, July 25, 2014
Jesse - Le Cafe Américain
SP 500 and NDX Futures Daily Charts - #paper asset bubble
Twitter is tweeting after the bell on 'better than expected' adjusted earnings and revenue. Stocks sold off today, after have been weak most of the day on lackluster housing prices. GDP tomorrow morning and the FOMC in the afternoon. Have a pleasant evening.
Wednesday, July 30, 2014
Chris Powell - GATA
Jeremy Warner: Have central banks been breaking the law?
By Jeremy Warner The Telegraph, London Monday, July 21, 2014 http://www.telegraph.co.uk/finance/comment/jeremy-warner/10981011/Have-c... The best way to destroy the capitalist system, the Russian revolutionary leader Vladimir Lenin is reputed to have said, is to debauch the currency. The world's major central banks have certainly been having a fair old go at it. In the six years since the financial crisis first broke, they've been printing money like there is no tomorrow. Fortunately, they have
Tuesday, July 22, 2014
Chris Powell - GATA
Brief video touts 'The Coming Silver Shortage'
A brief promotional video created by the new Internet site Crush The Street entertainingly makes the case for a substantial increase in silver prices -- and, implicitly, for intensified efforts at price suppression by government and its associated investment banks. (Now if only paper silver could be used in solar-power generation panels and other electronic devices.) The video is titled "The Coming Silver Shortage," it's 4 1/2 minutes long, and it's posted here: http://www.crushthestreet.com/vid
Sunday, July 27, 2014
Jesse - Le Cafe Américain
The Sirens Sweetly Singing
'Free' as in free storage is perhaps a red flag for potential risk, according to Ted Butler as he muses in his latest article, Still Waters Run Deep. I think there is an obvious and substantial difference between the unallocated metals accounts at Kitco and Perth in terms of 'backing' given that Perth has ties to the government, and Kitco is working through an insolvency.  And Ted rightfully allows for that.   But considering the matter from another related angle,  I would think that one's in
Thursday, July 24, 2014
Chris Powell - GATA
So what if there's no gold if people are happy to take paper and electrons?
Gold fund manager Egon von Greyerz, interviewed today by King World News, notes that gold deposit discoveries have collapsed and that the time required for turning a deposit into a mine has lengthened. Von Greyerz argues that this foretells much higher gold prices. Not necessarily. For new deposits of paper are being found all the time -- it's a renewable resource -- and there always will be an infinite supply of electrons and numbers for use in assembling bank and investment house balance state
Friday, July 25, 2014
Chris Powell - GATA
Gene Arensberg: Futures trading positions hint at strong rises for gold, silver 
Big investment houses that trade gold and silver are extremely vulnerable to a short squeeze, the Got Gold Report's Gene Arensberg writes today after more review of the latest futures trader positioning reports. "Our view," Arensberg writes, "is that gold and silver are in the formative, difficult-for-many-traders-to-believe stage of a nascent but powerful bull market. We believe that gold and silver are beginning to price in something ahead -- something we cannot yet see clearly but that nevert
Sunday, July 20, 2014
Chris Powell - GATA
Another class-action suit charges gold market manipulation
Zero Hedge yesterday called attention to another class-action lawsuit, filed this month in federal court in New York, alleging gold market manipulation against five investment banks. Like others, this suit seems to draw heavily on the research of GATA's late board member Adrian Douglas and author and GATA consultant Dimitri Speck. Zero Hedge's commentary is headlined "'London Fix' Gold Rigging By Bullion Bank Exposed In Class-Action Lawsuit: The Complete Charts" and it's posted here: http://www.
Sunday, July 27, 2014
Chris Powell - GATA
Pento sees QE cycle repeating; Rule finds resource prices surprisingly strong
Fund manager Michael Pento predicts to King World News that when the Federal Reserve stops "quantitative easing," there will be a crash in asset prices and then the Fed will start up QE all over again: http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2014/7/23_Th... And Sprott Asset Management's Rick Rule tells KWN that resource prices are surprisingly strong even though there is no economic recovery: http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2014/7/23_A_...
Wednesday, July 23, 2014
Jesse - Le Cafe Américain
SP 500 and NDX Futures Daily Charts -
There is little economic news this week. The new weekly economic calendar is below. The drivers this week are therefore likely to be on earnings reports, and the geopolitical issues especially with regard to the Ukraine. Our glorious financial warriors are riding high in the markets, which are otherwise very dull and quiet. Remember, thou art a man. Memento mori. Have a pleasant evening.
Monday, July 21, 2014
Chris Powell - GATA
Koos Jansen: Chinese wholesale gold demand year to date is nearly 1,000 tonnes
Chinese wholesale gold demand for the year through July 11 has reached 998 tonnes, gold researcher and GATA consultant Koos Jansen reports today. While offtake from the Shanghai Gold Exchange for the week ending July 11 was somewhat diminished, Jansen writes, copper has been trading in backwardation in Shanghai for two weeks. Jansen's commentary is posted at Bullion Star's Internet site here: https://www.bullionstar.com/article/chinese%20gold%20demand%20998
Monday, July 21, 2014
Chris Powell - GATA
  GATA needs help, so please consider buying a T-shirt
Challenging all the money and power in the world, GATA long has operated more or less on a shoestring. This has largely been our own fault, insofar as we have put most of our effort into research and clamor and little into fundraising. The situation has gotten critical over the last year as central banks have intensified their efforts to suppress monetary metals prices, most of the monetary metals mining industry has chosen to curl up and die guietly rather than fight back, and metals investors
Sunday, July 20, 2014
Jesse - Le Cafe Américain
Gold Daily and Silver Weekly Charts - Cap, Cap, Cap
Gold and silver had the lid slammed all day, although the miners recovered nicely from an early morning smackdown. The next Comex option expiration will be next Monday. Have a pleasant evening.
Monday, July 21, 2014
Jesse - Le Cafe Américain
SP 500 and NDX Futures Daily Charts - The Pretenders
The metals were a dull trade today, although the miners were beleaguered by the usual mischief. There was nothing of real interest to report in the Comex activities from yesterday. The Comex will soon have less relevance of an exhibit at the Smithsonian. "Look Johnny, this is where people used to pretend to trade things they didn't even have. And they were adults like mommy and daddy!" Have a pleasant evening.
Thursday, July 24, 2014
Chris Powell - GATA
Gold price suppression elicits more notice
Evidence of gold price suppression ahead of futures contract options expiration abounds and is remarked upon by today's commentary by GoldCore's Mark O'Byrne -- https://www.goldcore.com/goldcore_blog/Gold_Lockdown_Until_Options_Expir... -- and by commentary a few days ago, posted in the clear today, by the TF Metals Report's Turd Ferguson: http://www.tfmetalsreport.com/blog/5969/next-step-their-plan
Friday, July 25, 2014
Chris Powell - GATA
The revolving door in U.S. government regulation has never spun faster
By Douwe Miedema and Michelle Price Reuters Wednesday, July 23, 2014 A member of the U.S. Commodity Futures Trading Commission will become the new head of a bank lobby group that is fighting the derivatives regulator in court over a crucial new rule curtailing Wall Street. The International Swaps and Derivatives Association said on Wednesday that Scott O'Malia, a Republican who often voted against new CFTC policy in the wake of the financial crisis, will become the trade group's next chief execu
Wednesday, July 23, 2014
Egon von Greyerz - Matterhorn AM
Exchange Controls And Perfect Fake Gold & Silver Coins
King World News weekly – July 17, 2014 Greyerz: “Eric, the U.S. dollar hegemony and role as a reserve currency is soon going to come to an end. This will lead to a precipitous fall of the dollar. The further consequences will be severe U.S. exchange controls. It will be virtually impossible for private individuals to transfer any funds out of the United States. It won’t matter if the transfer is for investment purposes or for holiday use. The fall of the dollar will also lead to major press
Saturday, July 19, 2014
Chris Powell - GATA
U.K. hastens negotiations for currency-rigging settlement 
By Lindsay Fortado, Suzi Ring, and Gavin Finch Bloomberg News Wednesday, July 23, 2014 http://www.bloomberg.com/news/2014-07-23/u-k-fca-said-to-near-fx-rigging... LONDON -- Talks to reach the first settlement in the currency-rigging probe are accelerating, with Britain's markets regulator preparing to reach a deal with a group of banks this year, people with knowledge of the talks said. The Financial Conduct Authority is in talks with banks including Barclays Plc, Citigroup Inc., JPMorgan Chase
Wednesday, July 23, 2014
Jesse - Le Cafe Américain
What Is the Effective Limitation on the Fed's Ability to 'Print Money?'
"There is felt today very widely the inconsistency in this condition of political democracy and industrial absolutism. The people are beginning to doubt whether in the long run democracy and absolutism can coexist in the same community; beginning to doubt whether there is a justification for the great inequalities in the distribution of wealth, for the rapid creation of fortunes, more mysterious than the deeds of Aladdin’s lamp." Louis D. Brandeis, Speech to Harvard Ethical Society, May 4, 19
Monday, July 28, 2014
Chris Powell - GATA
Markets are at unprecedented extremes, Kaye tells KWN
Hong Kong fund manager William Kaye today tells King World News that markets are at unprecedented extremes and so he is hesitant to make predictions but thinks gold and silver will rebound after futures options expiration next week: http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2014/7/24_Ma...
Friday, July 25, 2014
Jesse - Le Cafe Américain
Sunday, Evening of Pentecost
"When the day of Pentecost came, they were all together in one place. Suddenly a sound like the blowing of a violent wind came from heaven and filled the whole house where they were sitting. They saw what seemed to be tongues of fire that separated and came to rest on each of them. All of them were filled with the Holy Spirit..."
Monday, June 09, 2014
Chris Powell - GATA
Maguire says CME aids gold price rigging; Hugo S-P warns of threat to cash
The Chicago Mercantile Exchange this month reduced margin requirements for gold futures contracts to protect investment banks that were naked short and vulnerable to a squeeze, London metals trader Andrew Maguire tells King World News in the first installment of a two-part interview today. "The game is so obvious," Maguire says, that "sovereign and central bank buyers are rewarded by sitting back and waiting for these banks to defend billions of dollars of paper bets as it gives the sovereign b
Friday, July 25, 2014
Chris Powell - GATA
London gold fixing set for new administrator by year-end
By Nicholas Larkin Bloomberg News Tuesday, July 29, 2014 LONDON -- The banks that conduct the century-old gold fixing and the London Bullion Market Association will seek proposals next month for a new administrator to run a revamped process for the benchmark by year-end. The London Gold Market Fixing Ltd., which manages the procedure, and the LBMA will open a market consultation in late August and plan to announce a third-party administrator by the end of September, the association said in a sta
Wednesday, July 30, 2014
Jesse - Le Cafe Américain
Beloved CEO Fired By Board For Being Insufficiently Ruthless: Employees Leave Jobs In Protest 
"Just remember this, Mr. Potter, that this rabble you're talking about,  they do most of the working and paying and living and dying in this community. Well, is it too much to have them work and pay and live and die in a couple of decent rooms and a bath? Anyway, my father didn't think so. People were human beings to him. But to you, a warped, frustrated old man, they're cattle. Well in my book, my father died a much richer man than you'll ever be!"
Friday, July 25, 2014
Chris Powell - GATA
Lloyds Bank fined $370 million for rigging Libor
By Matt Scuffham and Huw Jones Reuters Monday, July 28, 2014 Britain's Lloyds Banking Group has agreed to pay fines totaling $370 million to U.S. and British authorities investigating its part in a global interest rate rigging scandal and manipulating fees for a UK government lending scheme. The settlement is the seventh joint penalty handed out by American and British regulators in connection with the attempted manipulation of the London interbank offered rate, or Libor, and other similar bench
Monday, July 28, 2014
Julian D. W. Phillips - Gold Forecaster
Gold & Silver Market Morning
Gold Today – The gold price closed at $1,300.60 down $5.50 on Tuesday in New York. In Asia and early London, prices fell to $1,299.20 as the euro lurched lower reaching $1.3398.The gold price was Fixed at $1,297.5 down $9.50 and in the euro at €968.428 down €4.124, while the euro was weaker at $1.3398. Ahead of New York’s opening, gold was trading at $1,298.40 and in the euro at €968.74.Silver Today – The silver price closed in New York at $20.60 down 2 cents. Ahead of New York’s opening it was
Wednesday, July 30, 2014
Chris Powell - GATA
Alasdair Macleod: The coming slump
Calculations of national gross domestic product are bogus because they omit too much even as most of what they measure is only monetary inflation, which mainly transfers wealth from its creators to the issuers of money and credit. That's what GoldMoney research director Alasdair Macleod writes today in his new commentary, "The Coming Slump," posted at GoldMoney here: http://ww.goldmoney.com/research/analysis/the-coming-slump?gmrefcode=gat...
Monday, July 28, 2014
Chris Powell - GATA
Failure of options expiration smashdown hints of gold price explosion, Embry says
Gold's firm rejection last week of the usual attempts by bullion banks to crush the price upon futures option expiration is likely a sign of an imminent price explosion, Sprott Asset Management's John Embry tells King World News today: http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2014/7/28_Em...
Monday, July 28, 2014
Chris Powell - GATA
Indian gold imports fell 25% over year -- not counting smuggling, of course
By the Press Trust of India via Financial Express, New Delhi Friday, July 25, 2014 http://www.financialexpress.com/news/gold-imports-stood-at-638-tonnes-in... Gold imports in 2013-14 stood at 638 tonnes, a decline of 25 per cent over the previous fiscal year, Parliament was informed today. The quantity of gold imported in 2012-13 was 845 tonnes and in 2011-12 it was 919 tonnes, Minister of State for Finance Nirmala Sitharaman said in a written reply in the Lok Sabha. In the April-June period of
Friday, July 25, 2014
Jesse - Le Cafe Américain
Gold Daily and Silver Weekly Charts - Very Quiet Option Expiration
You would almost forget it was a Comex options expiry if you did not look at the calendar. Trade in the precious metals was very quiet. We *might* get a gut check tomorrow in order to test the resolve of any new contract holders, and in an advance welcome for the FOMC meeting and GDP numbers on Wednesday. Nothing fundamental has changed. The Fed and the government are blowing monetary and fiscal policy decisions completely.  There was intraday commentary that touched on that subject here. O
Monday, July 28, 2014
Jesse - Le Cafe Américain
NAV Premiums of Certain Precious Metal Trust and Funds
Premiums are subdued the day after a Comex option expiration, and ahead of the big economic news this week. Sprott Silver shows some spark.  Its cash level continues to decline suggesting a secondary offering at some point.
Tuesday, July 29, 2014
Chris Powell - GATA
Gene Arensberg: Silver was sold Tuesday at $104 million per minute for 30 minutes
Gene Arensberg of the Got Gold Report writes tonight that on Tuesday this week, as the monetary metals came under attack again from out of the blue, with the only news being Federal Chairwoman Janet Yellen's expression of reluctance to raise interest rates, someone sold silver at the rate of $104.5 million per minute for 30 minutes, more than $3 billion worth. Of course it was all paper silver, but still -- somebody had $3 billion to spend for silver price suppression and, perhaps, currency mar
Saturday, July 19, 2014
Chris Powell - GATA
Financial Times deleted gold manipulation story because it was too 'sensitive'
With great persistence and a little encouragement from GATA our friend R.B. in Britain has more or less solved the mystery of the Financial Times' quick deletion from its Internet site of its February 24 report about gold market manipulation, "Fears Over Gold Price Rigging Put Investors on Alert; German and UK Regulators Investigate." The report has been preserved at GATA's Internet site here -- http://www.gata.org/node/13681 -- and at Zero Hedge's here: http://www.zerohedge.com/news/2014-02-25/
Monday, July 28, 2014
Julian D. W. Phillips - Gold Forecaster
Gold & Silver Market Morning
Gold Today – The gold price closed at $1,292.40 down $12.50 on Thursday in New York. In Asia and early London, prices held that level.The gold price was Fixed at $1,292.75 down $7.25 and in the euro at €959.725 down €4.953, while the euro was slightly weaker at $1.3470. The Fixing was very quick indicating lower volumes.Ahead of New York’s opening, gold was trading at $1,294.20 and in the euro at €962.02.Silver Today – The silver price closed in New York at $20.37 down 55 cents. Ahead of New Yor
Wednesday, July 30, 2014
Chris Powell - GATA
Possible discrepancy in GLD's gold bar accounting
The Perth Mint's Bron Suchecki today calls attention to what seems like a serious discrepancy in the gold exchange-traded fund GLD's accounting of its gold bars. The discrepancy is headlined "GLD Trade Spreadsheet vs. GLD Bar List" and is detailed at the Screwtape Files blog here: http://screwtapefiles.blogspot.com.au/2014/07/gld-trade-spreadsheet-vs-g...
Monday, July 28, 2014
Chris Powell - GATA
India's gold import restrictions turn into political patronage for trading houses
By Ram Sahgal The Times of India, Mumbai Friday, July 25, 2014 http://economictimes.indiatimes.com/markets/commodities/gold-war-traders... A war is brewing in the gold market with traders led by the All-India Bullion and Jewellers Association complaining to the Reserve Bank of India that its May 21 decision to allow premier and star trading houses to import gold for local sales has given half a dozen export houses a dominant position in the market and raised imports of the metal. The RBI claimed
Friday, July 25, 2014
Chris Powell - GATA
Ing, Celente, Farage interviewed by King World News
In interviews at King World News, market analyst John Ing notes gold's bounce back quickly after another "flash crash": http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2014/7/19_Le... Trends forecaster Gerald Celente expects that war will distract people from the collapsing economy: http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2014/7/18_Ge... And United Kingdom Independence Party leader Nigel Farage says Europe's banks remain disasters waiting to happen: http://kingwor
Saturday, July 19, 2014
Jesse - Le Cafe Américain
SP 500 and NDX Futures Daily Charts - Calm Before the News
Stocks opened weakly on the slightly worse than expected home sales numbers this morning. They tended to drift higher, back to nearly unchanged, on light volume. The markets are waiting for the more significant economic news that starts rolling out on Wednesday. Have a pleasant evening.
Monday, July 28, 2014
Julian D. W. Phillips - Gold Forecaster
Gold & Silver Market Morning
Gold Today – The gold price closed at $1,307.40 up $15.00 on Friday in New York. In Asia and early London, prices slipped back to $1,304.The gold price was Fixed at $1,305.00 up $12.25 and in the euro at €971.199 up €11.474, while the euro was slightly weaker at $1.3437. Ahead of New York’s opening, gold was trading at $1,304.50 and in the euro at €970.72.Silver Today – The silver price closed in New York at $20.74 up 37 cents. Ahead of New York’s opening it was trading at $20.63.Gold (very shor
Wednesday, July 30, 2014
Jesse - Le Cafe Américain
BRICS Launc $100 Billion Development Bank and Currency Reserve Pool
And so it begins.   The big changes happen slowly. I expect the BRICS to continue 'tinkering' with the meaning of reserve currency in the global financial system. Reuters India BRICS set up Bank to Counter Western hold on Global Finances By Alonso Soto and Anthony Boadle FORTALEZA Brazil Wed Jul 16, 2014 2:56am IST (Reuters) - Leaders of the BRICS emerging market nations launched a $100-billion development bank and a currency reserve pool on Tuesday in their first concret
Wednesday, July 16, 2014
Chris Powell - GATA
GoldCore's O'Byrne discusses market manipulation with Jan Skoyles on 'Get Real'
Interviewed on "Get Real," the television program of The Real Asset Co.'s Jan Skoyles, GoldCore's Mark O'Byrne discusses silver's prospects, its effective greater practical rarity than gold, and manipulation of the gold and silver markets and GATA's work exposing it. The program is 28 minutes long and can be viewed at YouTube here: https://www.youtube.com/watch?v=6CJrYx-7XZI
Monday, July 28, 2014
Julian D. W. Phillips - Gold Forecaster
Gold & Silver Market Morning
Gold Today – The gold price closed at $1,305.10 down $2.30 on Monday in New York. In Asia and early London, prices rose to $1,310.The gold price was Fixed at $1,307.50 up $2.50 and in the euro at €972.842 up €1.643, while the euro was slightly stronger at $1.3440. Ahead of New York’s opening, gold was trading at $1,309.00 and in the euro at €974.25.Silver Today – The silver price closed in New York at $20.62 down 12 cents. Ahead of New York’s opening it was trading at $20.73.Gold (very short-ter
Wednesday, July 30, 2014
Chris Powell - GATA
Alasdair Macleod: Unwinding unallocated gold accounts
The growing likelihood that banks will be rescued not by governments but by "bail-ins" by their depositors may hasten the conversion of unallocated gold accounts to allocated gold accounts and put upward pressure on the gold price, GoldMoney research director Alasdair Macleod writes today. His commentary is headlined "Unwinding Unallocated Gold Accounts" and it's posted at GoldMoney here: http://www.goldmoney.com/research/analysis/unwinding-unallocated-gold-ac...
Friday, July 11, 2014
Chris Powell - GATA
Gene Arensberg: Gold longs weren't stampeded as likely was expected last week
Last week's attack on gold in the futures market accomplished little dumping of long positions, the Got Gold Report's Gene Arensberg writes today. "With the gold trade (producer/merchants) having so few hedges now, and the mercenary swap-selling banks so overly short, and now with managed money showing us all that they were not running for the hills last Monday and Tuesday but instead more or less held their ground for a fight, would anyone actually feel comfortable on the short side with all th
Saturday, July 19, 2014
Jesse - Le Cafe Américain
Gold Daily and Silver Weekly Charts - Liberté, Liberté Chérie
The hit on the metals began in the quiet overnight hours and received some additional momentum on the New York open. Well, after all, tomorrow is when Bubbles Yellen gives her Humphrey-Hawkins testimony to the Congress. That was a very close World Cup final game yesterday, for those who actually watched it before commenting on it. While it was largely a defensive battle, Argentina gave up a few opportunities to score that I am sure will be to their regrets in retrospect. Götze's goal for Ge
Tuesday, July 15, 2014
Jesse - Le Cafe Américain
Robert Johnson with Paul Jay: Ugly Money Politics
"The danger is that as dysfunction increases and the people subject to that dysfunction are a very, very large proportion of the population, you start to either experience social disruption or you experience what you might call authoritarian crackdown on that social disruption. And at one level or another, it would be nice to see a political reform, what you might call a civilized tacking in a new direction, rather than a physical confrontation. But sometimes you have to have a crisis to
Wednesday, June 18, 2014
Chris Powell - GATA
Join GATA and help question Greenspan at the New Orleans conference
Dear Friend and GATA and Gold: GATA again will have a big part in this year's New Orleans Investment Conference, to be held Wednesday through Saturday, October 22 to 25, what with GATA Chairman Bill Murphy and your secretary/treasurer speaking and former Federal Reserve Chairman Alan Greenspan appearing as well and responding to questions about gold. Additionally, the conference has generously offered to pay GATA a commission for every GATA supporter who registers for the conference. So please
Sunday, July 13, 2014
Chris Powell - GATA
Central banks and gold: New Orleans conference may disclose a lot
Something unprecedented is scheduled to happen at the New Orleans Investment Conference in October: a former central banker -- the most famous in the world, Alan Greenspan -- has agreed not just to speak but to take questions from the audience about gold. Of course there's no guarantee that Greenspan's answers will be truthful and candid. But even his evasions or refusals to answer candidly may disclose a lot. GATA Chairman Bill Murphy and your secretary/treasurer will be among the speakers at t
Tuesday, July 01, 2014
Chris Powell - GATA
GoldSeek Radio's Chris Waltzek interviews GATA Chairman Bill Murphy
GoldSeek Radio's Chris Waltzek this week interviewed GATA Chairman Bill Murphy about what seem like the increasing difficulties of the gold cartel -- signs that price suppression may be coming to an end. The interview is 10 minutes long and begins at the 9:13 mark here: http://news.goldseek.com/radio/1405299600.php
Sunday, July 13, 2014
Jesse - Le Cafe Américain
Gold Daily and Silver Weekly Charts - Metals Hit For Comex June Options Expiration
As I reminded several times last week, today was an option expiration on the Comex for the precious metals, for the important June contract. The metals were hit in a 'mini-puke' in the manner of the Barclays digital options boogie woogie two-step. This too shall pass.  Nothing has changed. Have a pleasant evening.
Tuesday, May 27, 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
Julian D. W. Phillips - Gold Forecaster
Gold & Silver Market Morning
Gold Today – The gold price closed at $1,307.80 down $2.70 yesterday, in New York. In Asia the gold price was lifted to $1,313 and London held those levels ahead of the Fixing. The euro weakened to $1.3926. The gold Fixing was set at $1,311 up $2.50 and in the euro at €942.081 up €2.472. Ahead of New York’s opening the gold price stood at $1,311 and in the euro at €941.13.Silver Today – The silver price closed at $19.56 down 5 cents on Tuesday, in New York. Ahead of New York’s opening, it was tr
Wednesday, May 07, 2014
Julian D. W. Phillips - Gold Forecaster
Gold & Silver Market Morning
Gold Today – The gold price closed at $1,276.90 on Friday up $3.10 in New York. In Asia and London the price rose another $5 ahead of the Fix, where it was set at $1,281 .75 up $8.75 and in the euro at €947.339 up €9.171, while the euro stood weaker at $1.3529. Ahead of the opening in New York the gold price was trading at $1,280.30 and in the euro at €946.28.Silver Today – The silver price closed at $19.70 up 14 cents, in New York. Ahead of New York’s opening, silver was trading at $19.72.Gold
Monday, June 16, 2014
Chris Powell - GATA
Does gold outflow from Bank of England signify distrust among central banks?
Does the outflow of gold from the vault of the Bank of England, confirmed by a bank report this week -- http://www.gata.org/node/14100 -- signify repatriation of gold by central banks and a loss of trust among them as the fractional-reserve gold banking system comes under strain, the very thing that collapsed their gold price management system in the late 1960s and early 1970s? That's the suspicion of a market letter issued by Hebba Alternative Investments in Baltimore and posted today at Seekin
Monday, June 23, 2014
Jesse - Le Cafe Américain
Victorian Britain: 'Yoke Up the Children'
"Many thousands are in want of common necessaries; hundreds of thousands are in want of common comforts, sir." "Are there no prisons?" "Plenty of prisons." "And the workhouses." demanded Scrooge. "Are they still in operation?" "Both very busy, sir." "Those who are badly off must go there." "Many can't go there; and many would rather die." "If they would rather die," said Scrooge, "they had better do it, and decrease the surplus population." Charles Dickens, A Christmas Carol Efficient markets,
Wednesday, July 30, 2014
Perth Mint Blog - Perth Mint Blog.
New Australian Silver Bullion Coin Portrays Saltwater Crocodile
BULLION BARS AND COINS The Saltwater Crocodile occupies an exalted position in the pantheon of famous Australian animals. Feared as a man-eater, revered as a pre-historic survivor, and epitomised in popular culture as a symbol of tropical Australia, it is an awe-inspiring wildlife spectacle. Measuring up to 8 metres long and weighing over 1,000 kilograms, Saltwater Crocodiles are equipped with more than 60 teeth and probably the greatest bite pressure of any animal. Large prey captured in this
Monday, May 12, 2014
Chris Powell - GATA
GATA's Ed Steer interviewed by Sprott Money about gold market manipulation
GATA board member Ed Steer, editor of Ed Steer's Gold & Silver Daily letter, published by Casey Research, was interviewed a few days ago by Sprott Money News about gold market manipulation and the Indian government's plan for back-door intervention in the market. The interview is 4 1/2 minutes long and can be heard at the Sprott Money Internet site here: http://www.sprottmoney.com/sprott-money-weekly-wrap-up
Thursday, July 10, 2014
Alasdair Macleod - Finance and Eco.
The new silver fix
In this interview with GoldMoney's Alasdair Macleod, SGT Report discusses Friday's news that the CME and Thomson Reuters have been chosen to run the replacement for the 117-year old London Silver Fix. To hear the full interview, please click here.
Thursday, July 17, 2014
Charleston Voice
Gold And Silver - Rothschild Klan Wants War - Front Man Obama Pushing Hard 
The Rothschild family are the richest people on earth today, with assets that total at least $350 billion. Many believe they control over $1 trillion in real estate and banking assets. May 3rd, 2014 by Michael Noonan The modus operandi of the elites is to create chaos, preferably in the form of [profitable for them] war.  Their purpose is to create major headaches for governments and people. The next step is to “offer solutions” to end the chaos.  Without fail, the solutions always favo
Sunday, May 04, 2014
Chris Powell - GATA
Options expiration will help gold more than international turmoil, Sprott says
Sprott Asset Management CEO Eric Sprott, interviewed by Sprott Money News for their weekly market roundup, says he doesn't expect international turmoil to do much for gold, but economies are not recovering and he expects gold to do well after the price suppression connected to this month's futures options expiration. The interview is 8 minutes long and can be heard at the Sprott Money Internet site here: http://www.sprottmoney.com/sprott-money-weekly-wrap-up
Saturday, July 19, 2014
Jesse - Le Cafe Américain
Glenn Greenwald Interview with Matt Lauer 
"An old historian says about the Roman armies that marched through a country, burning and destroying every living thing, They make a solitude, and they call it peace. And so men do with their consciences. They stifle them, sear them, forcibly silence them, somehow or other; and then, when there is a dead stillness in the heart, broken by no voice of either approbation or blame, but doleful, like the unnatural quiet of a deserted city, then they say, It is peace; and then the man's uncontrolled p
Monday, May 12, 2014
James Turk - Goldmoney
Man Who Predicted Short Squeeze Says Silver To Skyrocket 
Today, the man who, with remarkable precision, predicted just 3 days ago that we would see this short squeeze in gold and silver told King World News that we may see the short squeeze accelerate and the price of silver may actually be set to double in just six weeks. Read the full interview at King World News.
Saturday, June 21, 2014
Jesse - Le Cafe Américain
NY Fed Joins War On Whistleblowers To Shield Goldman Sachs From Its Own Examiner
And this sort of egregious behaviour from a 'regulator.'  They argue out of both sides of their mouths whether Goldman is a 'bank' or not, in order to get what they want for...  Goldman. The Fed is not a government agency, but a privately owned creature of the very Banks whom it is charged to regulate and restrain. And as we have seen, over and over again, the Fed is not part of the solution, but has become very much a part of the problem in distorting the banking system in favour of a few pow
Friday, May 09, 2014
Jesse - Le Cafe Américain
SP 500 and NDX Futures Daily Charts - Dow 17,000
The Dow Industrial Average closed over 17,000 for the first time today. The markets are now closed, in early observance of the 4th of July national holiday. The equity markets are becoming overextended here. They more become a little more overextended before this nonsense is done, and then we will see a pullback of sorts. Wash and rinse. Have a nice holiday weekend.
Thursday, July 03, 2014
Chris Powell - GATA
London silver fix to end in August, with Deutsche Bank sticking around until then
By A. Ananthalakshmi and Veronica Brown Reuters Wednesday, May 14, 2014 The London silver "fix," a global benchmark for spot silver prices, will cease to operate after Aug. 14, the company that administers the process said today, amid rising regulatory scrutiny of price setting in bullion markets. Deutsche Bank AG, HSBC, and Bank of Nova Scotia will continue to participate in the fix until then, the London Silver Market Fixing Ltd. said. Last month, Deutsche Bank had resigned its seat on the Lon
Wednesday, May 14, 2014
Jesse - Le Cafe Américain
Gold Daily and Silver Weekly Charts - À Chaque Fou Plaît Sa Marotte
Marlon Brando in The Ugly American "Plus ça change, plus c'est la même chose." Jean-Baptiste Alphonse Karr, Les Guêpes There was a 'Dr. Evil' style headfake overnight, a typical clumsy and brazen 'sell at market' in a quiet period. Commentary and chart here. Prices on the metals rose during the day to the capping region, and were subsequently-- capped.  Great success. "Every fool is pleased with their own foolishness." If you wait long enough, you will see everything happen all over again,
Tuesday, May 13, 2014
Chris Powell - GATA
  John Dizard: US dollar-clearing rules make gold the new green
By John Dizard Financial Times, London Friday, July 11, 2014 http://www.ft.com/intl/cms/s/0/feedf9cc-08e0-11e4-8d27-00144feab7de.html... Pecunia non olet. (Money has no smell.) -- Emperor Vespasian (69-79) to his son, Titus, when Titus protested a tax on urine. * * * There is a fresh wind behind the dollar price of gold, which is also increasing the reported and unreported volumes of physical trading in the metal. Thanks to what one (non-banker) friend of mine calls the "dangerously stupid" pun
Monday, July 14, 2014
Jesse - Le Cafe Américain
SP 500 and NDX Futures Daily Charts - Complacency Abounding
We saw some reversing of the momentum stocks as the wiseguys continue to push the Fed's liquidity around the plate, trolling for buys and stops. Skittish, Toombs, very skittish. Have a pleasant evening.
Saturday, May 10, 2014
Jesse - Le Cafe Américain
SP 500 and NDX Futures Daily Charts - Stick Save
Stocks were all over the map, but managed to finish almost unchanged thanks to a late day rally, following a rally and then a sell off earlier in the day. Have a pleasant evening.
Friday, May 09, 2014
Perth Mint Blog - Perth Mint Blog.
New 1/2oz Silver Bullion Coin Marks Major World War II Battle
BULLION BARS AND COINS The Battle of the Coral Sea was fought off the north-east coast of Australia during 4 to 8 May 1942 between the Imperial Japanese Navy and allied naval and air forces from the United States and Australia. A highly significant Second World War engagement, it effectively stopped the Japanese advance to the south and has been referred to as the 'battle that saved Australia'. The Perth Mint is delighted to offer investors a new bullion coin marking this famous encounter. S
Monday, July 07, 2014
Jesse - Le Cafe Américain
SP 500 and NDX Futures Daily Charts - Stick Save - Moneyed Interests
"A power has risen up in the government greater than the people themselves, consisting of many and various powerful interests, combined in one mass, and held together by the cohesive power of the vast surplus in banks." John C. Calhoun, 1836 Stocks were all over the map, but managed to finish almost unchanged thanks to a late day rally, following a rally and then a sell off earlier in the day. Have a pleasant evening.
Friday, May 09, 2014
Jesse - Le Cafe Américain
  SP 500 and NDX Futures Daily Charts - The Irresponsibles
"It is a question the historians will ask with interest - the gentle, detached, not altogether loving interest with which historians have always questioned the impotent spirits of the dead. Young men working in the paper rubbish of our lives, the old journals, the marginal notations, the printed works, will discover (or so they will think) that the scholars and the writers of our generation in this country had been warned of danger as men were rarely warned before. They will discover (or so th
Thursday, July 03, 2014
Jesse - Le Cafe Américain
SP 500 and NDX Futures Daily Charts - Rise of the Modern Prometheus
"Corporations are not concerned with the common good. They exploit, pollute, impoverish, repress, kill, and lie to make money. They throw poor people out of homes, let the uninsured die, wage useless wars for profit, poison and pollute the ecosystem, slash social assistance programs, gut public education, trash the global economy, plunder the U.S. Treasury and crush all popular movements that seek justice for working men and women. They worship money and power. Chris Hedges Life imitates The
Tuesday, May 13, 2014
Julian D. W. Phillips - Gold Forecaster
Gold & Silver Market Morning
Gold Today – The gold price closed at $1,319.70 10 cents higher than Tuesday in New York. In Asia, prices rose to $1,323.00 ahead of the London’ opening. London held the gold price around that level then the Fix was set at $1,322.50 up $4.25 and in the euro at €971.712 up €2.482, while the euro was slightly stronger at $1.3610. Ahead of New York’s opening, gold was trading at $1,323.80 and in the euro at €972.56.Silver Today – The silver price closed in New York at $21.04 up 1 cent. Ahead of New
Wednesday, July 09, 2014
Jesse - Le Cafe Américain
SP 500 and NDX Futures Daily Charts - Dog Days
An exceptionally boring day as the US markets reopened after the three day holiday weekend. Stocks were weak for most of the day, but rebounded slightly off the lows into the close. These are the real dog days of summer, and volumes are lackluster to say the least. Have a pleasant evening.
Tuesday, July 08, 2014
David Jensen
Palladium Price Premia
This interview with Jay Taylor discusses price premia of $130 per oz. of palladium and $80 per oz. of platinum in Shanghai vs. the London/NY markets. We also discuss how the paper metals markets can fail as real metal markets like Shanghai develop. Given PGM price premia (PGM inventories aren't held by central banks) that we are seeing in Shanghai, as this moves to silver and gold as well, ultimately sellers of precious metals are going to migrate from London & NY to exchanges that dea
Saturday, July 12, 2014
Chris Powell - GATA
Gold fix banks said to propose changes to pricing process
By Nicholas Larkin Bloomberg News Wednesday, July 16, 2014 LONDON -- The banks running the century-old London gold fixing that's used by miners and central banks to trade and value metal are proposing changes to the process, according to two people with knowledge of the matter. The proposal is for an independent chairman and third-party administrator, said the people, who asked not to be identified because the information is private. Deutsche Bank AG’s exit from the process this year as it scale
Wednesday, July 16, 2014

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