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The major monetary metal in history is silver, not gold.”
Milton Friedman  
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Articles related to Bullion bank
 
Chris Powell - GATA
David Levenstein: Bullion bank-led casino manipulates gold price -- and everything else
The sudden dumping of huge futures contracts for gold on the New York Commodities Exchange is proof of market manipulation by a banking cartel as well as the complicity of the U.S. Commodity Futures Trading Commission, South African gold trader and bullion dealer David Levenstein writes today at MineWeb. His commentary is headlined "Bullion Bank-Led Casino Manipulates Gold Price -- and Everything Else" and it's posted here: http://www.mineweb.com/mineweb/content/en/mineweb-independent-viewpoint?
Thursday, May 23, 2013
Dan Dontrose - The Fundamental View
  My Challenge To “Whistleblower” Andrew Maguire 
Readers of my blog have known for quite some time now that I grew increasingly agitated with the charlatans pumping the gold and silver price suppression memes over two years ago and have been quite vocal about it on many occasions.  I want to be clear about this point before I continue.  My beef isn’t with people who buy gold and silver or who feel that a portion of their portfolio should be devoted to gold or silver ownership.  My beef isn’t with people that make well thought out arguments for
Tuesday, May 21, 2013
John Rubino - Dollar Collapse
  Golden Bullseye 
One of the lessons that gold bugs are learning, in the most painful way possible, is that you can't trade a manipulated market. When big players with regulatory immunity can move an asset's price -- and can see resistance/support levels and moving averages just as clearly as anyone else -- smaller traders don't stand a chance. In the gold-is-manipulated script, governments and their bullion bank proxies push the price to levels where they know hedge funds and other traders have stop-
Thursday, May 16, 2013
Alasdair Macleod - Finance and Eco.
The role of GLD and SLV 
In August 2011 I wrote to the Financial Services Authority to seek confirmation that the London-based custodians of SPDR Gold Trust (GLD) and iShares Silver Trust (SLV) were being regulated as custodians, despite the fact that physical bullion is not a regulated investment. After some chasing on my part I finally got a response, kicking my letter firmly into touch. The FSA accepted that the custodians (HSBC Bank USA NA for GLD and JP Morgan Chase Bank NA London Branch for SLV) were regulated, bu
Monday, May 13, 2013
Ben Traynor - Bullion Vault
Gold "Could Retest $1322 Low", G7 Meeting "A Chance to Consider More Monetary Activism"
London Gold Market ReportSPOT MARKET gold bullion prices fell to two-week lows Friday, drifting lower towards $1440 an ounce during this morning's London session before dropping sharply through that level, as stocks gained and most commodities fell as the Dollar strengthened against major currencies.Silver fell to $23.34 an ounce, while copper prices ticked higher."The risk [for gold] is a break through support [will] test the $1322 low," say technical analysts at bullion bank Scotia Mocatta, wh
Friday, May 10, 2013
Bullion Vault
Gold "Still Bearish" as Western Buying "Cools", But Indian Festival Demand Seen Matching
London Gold Market ReportSPOT GOLD PRICESslipped back below $1470 per ounce Thursday morning in London, drifting as world stock markets failed to follow Wall Street higher, where equities yesterday hit new all-time highs.Silver held above $24.00 per ounce, just shy of last week's finish, as commodities slipped overall.A rise in Sterling after the Bank of England held its monetary policy unchanged drovegold pricesdown to £942 per ounce for UK investors. Government bond prices meantime rose everyw
Thursday, May 09, 2013
Darryl Robert Schoon - Survive the Crisis
Gold - Who's selling who's buying who's lying 
Although the Pharisees of paper money successfully forced down the price of gold, like those who lobbied Pontius Pilate to crucify Jesus, the consequences of their actions will backfire beyond their wildest imagination.The decision of the paper money cabal to force down the price of gold is akin to Japan's decision to attack Pearl Harbor. Although the attack was successful, the eventual consequences were not what Japan had envisioned.Recently, an article, The Gold Correction: What's the Big Deal
Thursday, May 09, 2013
Ben Traynor - Bullion Vault
ETF Selling "Key Downside Risk" as Gold "Struggles in Sideways Resistance Range"
London Gold Market ReportWHOLESALE gold market prices fell to $1460 an ounce Tuesday morning, around ten Dollars lower than where it closed last week, as the FTSE in London ticked higher following yesterday's UK bank holiday.Other European stock markets also edged higher, while the Euro gained against the Dollar immediately following the release of better-than-expected German factory orders data.Silver meantime fell below $23.70 an ounce, nearly 2% down on the week so far, while other industrial
Tuesday, May 07, 2013
Paul Tustain - Galmarley.com
  Calculating the "Fair Value" of Gold 
In the absence of cashflow, judging gold's present "fair value" means analysing it like an insurance actuary would...
Tuesday, May 07, 2013
Bullion Vault
  Shanghai's Gold Premium "Crashes" as China Returns from Labor Day, ECB Cut Buoys Euro
London Gold Market ReportLONDON PRICES for gold and silver both ticked higher Thursday morning, recovering half of Wednesday's 2.4% and 4.6% falls respectively.European stock markets reversed earlier losses and commodities also bounced after the European Central Bank decided - as widely expected - to cut its key interest rate to a new all-time low of 0.5%.Priced in the Euro both gold and silver were little changed as the single currency bounced back towards yesterday's 2-month highs."The Chinese
Thursday, May 02, 2013
Bron Suchecki - Perth Mint
Questions from TF Metals Report readers
Have got engaged in some discussions on TF Metals Report. Since I've spent a bit of time responding, may as well share with readers of this blog here in one convenient spot and for my easy of reference in the future. Link victori: "I guess Bron Suchecki will make no mention of this in his blog (unless he's got something bearish to say?)" Do you actually read my blog, this is what i said on April 22, so ZH is 8 days late: "The most interesting thing about this price drop is the reaction of ret
Thursday, May 02, 2013
Ben Traynor - Bullion Vault
Precious Metals "Trading Sideways" Ahead of Fed Decision
London Gold Market ReportWHOLESALE prices for gold bullion drifted lower Wednesday morning in London, dipping below $1470 an ounce, though it remained slightly up on where it started the week after two-and-a-half days trading in a tight range, with China's markets closed since last Friday until tomorrow for the Labor Day holiday. Silver meantime fell towards $24 an ounce to almost exactly where it started the week, while other commodities also fell and US Treasuries were flat ahead of today's Fe
Wednesday, May 01, 2013
Jim Willie CB - Hat Trick Letter
Financial Treachery & Harsh Consequences 
The most powerful element of the shift has been the movement of gold wealth from Western locations (New York, London, Switzerland) to Eastern locations (China, Russia, Singapore, Taiwan, Hong Kong). Most residents of the United States, the United Kingdom, and Western Europe are in shock, constantly distracted by the sweeping disruptive events led by a) unstoppable government deficits, b) the powerful crumble of sovereign bonds, c) the ruinous insolvency of the banking systems, d) the relentless reign of tax terror, and e) the tragic decline of the underlying economies
Wednesday, May 01, 2013
Chris Powell - GATA
'Buying panic' underway in gold and silver, Turk says 
GoldMoney founder and GATA consultant James Turk today tells King World News that a "buying panic" is underway for real gold and silver and it may be accelerated if Barrick Gold is unable to restart its Pascua-Lama mine project on the Chile-Argentina border and the bullion bank that allowed Barrick to hedge so much imagined production from the project asks for its metal back. An excerpt from the interview is posted at the King World News blog here: http://kingworldnews.com/kingworldnews/KWN_Dail
Tuesday, April 30, 2013
Ben Traynor - Bullion Vault
"Gold Shortage" Seen in Asia with "Physical Market Still Tight"
London Gold Market ReportGOLD drifted lower towards $1460 an ounce Friday morning in London, having climbed to its highest level since last week's price drop at $1485 during Asian trading."The next resistance level is $1487," says a note from technical analysts at Scotia Mocatta published late Thursday."Should we trade through that, we believe it will open up a full retracement to the $1522 lows...support is at $1322."Silver meantime rose as high as $24.86 an ounce in Friday's Asian trading befo
Friday, April 26, 2013
FOFOA - FoFOA
Euro Conversion
One of the things I often do with this blog is to attempt to decipher some of the tougher concepts expressed by Another and FOA. I try to get into their heads and figure out what they really meant so that I can rephrase it in a way that (to me at least) is easier to understand.  This is one of those posts.  The following question came to me via email from "Solitary Monk" who took his name from a comment left by Woland referring to the fact that he had "preserved our 'Library of Alexandria' fro
Friday, April 26, 2013
Alasdair Macleod - Finance and Eco.
  Physical gold vs paper gold: waiting for the dam to break 
Introduction In this article I will argue that the recent slide in the gold price has generated substantial demand for bullion that will likely bring forward a financial and systemic disaster for both central and bullion banks that has been brewing for a long time. To understand why, we must examine their role and motivations in precious metals markets and assess current ownership of physical gold, while putting investor emotion into its proper context. In the West (by which in this article I
Friday, April 26, 2013
Stewart Thomson - Graceland Update
Gold Price Is Stabilizing
Graceland Updates 1.Many economists believe the price of gold has fallen because institutional investors have become more interested in owning the general stock market.2.May is a time when institutional investors often sell stocks.Please click here now.An ominous head & shoulders top pattern appears to be forming on the Dow.3.?If you look at the economic growth story, it?s just not really there? ?David Bloom, head of FOREX for HSBC, April 23, 2013.4.Gold imports in India are surging."Imports hav
Thursday, April 25, 2013
Ben Traynor - Bullion Vault
Gold "Being Lifted by Physical Bar Demand" But Silver "Relatively Weak"
London Gold Market ReportTHE U.S. DOLLAR gold price drifted back down towards $1420 per ounce Wednesday morning in London, around 1.3% up on the week so far, amid ongoing reports of strong demand for physical gold bullion."The bounce in price-sensitive physical demand, especially in the emerging world, is impressive and has lifted prices," says HSBC Securities analyst Howard Wen.Local reports from India, China and the Middle East said today that gold bar premiums remain at multi-year highs as pr
Wednesday, April 24, 2013
Jesse - Le Café Américain
How the Gold Market Was Crashed - But Most Importantly, Why? Leveraged Default? And Si 
Many are still sorting through the data to try and figure out what happened, but it is hard to look at the available data and the market action and conclude that the recent 'flash crash' in gold was anything but a calculated takedown. Some big players had been trying to work the market price of bullion down in stair step fashion for some time.  Their tracks on the tape were big enough to be hard to miss, and any number of people who watch the market structure as it develops were seeing them,
Sunday, April 21, 2013
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