Articles related to gold derivative
 
FoFOA
All Paper is STILL a short position on gold 
The gold derivatives pyramid is a vigorous free market creature. It cannot be put down with a simple declaration that the paper is no longer redeemable in gold, as governments did with currency. It is a short selling scheme that has become a trap from which few short sellers will escape
Friday, April 17, 2020
Ronan Manly - Bullion Star
What’s Happening (or Not) at the LBMA: Some Updates
This article is in 3 parts and covers a) upcoming trade reporting in the London gold market which is being led by the London Bullion Market Association (LBMA), b) the recent publication by the LBMA of a Guide to the London OTC precious metals markets, and c) an update on monthly vault reporting which the LBMA and the Bank of England launched in 2017. LBMA Trade Reporting The lack of trade reporting in the London gold market is possibly one of the biggest ommissions in global financial markets, s
Thursday, February 1, 2018
FOFOA - FoFOA
Nine!
Wow, I can hardly believe it's been nine years. Where the heck has the time gone, and where the heck is Freegold? ;D A little more than two years ago, I changed format to an NFF (not-for-free) blog in order to keep me enthused and engaged, and more importantly, to keep out the trolls. I wished FOA had done that rather than quitting, so that's how I view it. I have hundreds of subscribers, and when they quit, so will I. The Freegold Speakeasy now has 100 posts and 20,000 comments. This being
Thursday, August 24, 2017
Ronan Manly - Bullion Star
Is the COMEX Rigged
The COMEX gold futures market and the London OTC gold market have a joint monopoly on setting the international gold price. This is because these two markets generate the largest ‘gold’ trading volumes and have the highest ‘liquidity’. However, this price setting dominance is despite either of these two markets actually trading physical gold bars. Both markets merely trade different forms of derivatives of gold bars. Overall, the COMEX (which is owned by the CME Group) is even more dominant that
Tuesday, July 18, 2017
Julian D. W. Phillips - Gold Forecaster
Gold and Silver Market Morning: July 11 2017 - Gold and silver want to confirm the bottom is in!
Gold Today–New York closed yesterday at $1,214.10.London opened at $1,210 today.Overall the dollar was weaker against global currencies, early today. Before London’s opening: -The $: € was stronger at $1.1396 after yesterday’s$1.1408: €1.-The Dollar index was weaker at 96.11 after yesterday’s 96.15.-The Yen was weaker at 114.32after yesterday’s 114.21:$1. -The Yuan was strongerat 6.7995after yesterday’s 6.8034: $1. -The Pound Sterling was stronger at $1.2902 after yesterday’s $1.2873: £1.Yuan Go
Wednesday, July 12, 2017
JS Kim - Smart Knowledge U
Gold and Silver Hated Now, Cryptocurrencies Loved. The Debate Rages Onward, and Here’s a Solution!
by Republishing rights: This copyrighted article may NOT be reprinted in full elsewhere without the expressed written consent of SmartKnowledge Pte Ltd. However the first three paragraphs may be reprinted, without permission, with a link back to this original article for access to the full article here. by JS Kim, Founder of SmartKnowledgeU and skwealthacademy As most of you know, the rise of the cryptocurrency has dominated all financial headlines as of late, compelling many to comment on bull
Thursday, June 1, 2017
BullionStar - Bullion Star
What sets the Gold Price – Is it the Paper Market or Physical Market
The following article is arranged in Question and Answer (Q & A) format. Through the Q & A approach, this article raises some important issues about price discovery in the gold markets and aims to explain the view that the gold price is being set by the paper gold markets. BullionStar’s CEO Torgny Persson and precious metals analyst Ronan Manly are of the opinion that due to the structure of contemporary gold markets, it is primarily trading activity in the paper gold markets which sets the inte
Thursday, March 30, 2017
Sprott Money
42 Years of Fractional Reserve Alchemy - Craig Hemke
It has now been 42 years since The Global Bankers successfully alchemized gold through the advent of futures trading so we begin the new year by looking back at how we got into this position in the first place. To that end, let's start 2017 by going back to 1974. Over the past few years, you've often heard me reference the HISTORY and FACT of gold price suppression and manipulation. Whenever it comes up in an interview or presentation, it often goes like this: After Bretton Woods, the US
Thursday, January 5, 2017
Sprott Money
The USDJPY and the "Price Of Gold" - Craig Hemke
Well, we've finally reached "contract expiration" day as the Dec16 Comex gold and silver contracts go off the board and into "delivery" at the close today. With total Comex open interest now back to the levels of last December, could price finally be near a bottom? As usual, we must look at the USDJPY for clues. As of last evening, total Dec16 Comex gold open interest was down to just 30,773 contracts and about 50-60% of those will be liquidated and closed out today, leaving 10,000-15,000
Wednesday, November 30, 2016
24hGold - Publicnow
GOLD Teranga Gold Sets New Production Records for Second Quarter and First Six Months
TORONTO, ONTARIO--(Marketwired - July 28, 2016) - (All amounts are in U.S. dollars unless otherwise stated) Teranga Gold Corporation ('Teranga' or the 'Company') (TSX:TGZ)(ASX:TGZ) is pleased to report its financial and operating results for the second quarter ended June 30, 2016. Second Quarter 2016 Financial & Operating Highlights Surpasses more than 10 million hours worked without a lost time incident at the Company's Sabodala gold operation Best ever production record of 52,540 ou
Thursday, July 28, 2016
The Gold Report
Money Always Moves from Weak Hands ...
Precious metals expert Bob Moriarty advises investors on how they can avoid the disinformation and invest with the smart money. Over the last 15 years I have come to realize just how much disinformation and simply bad information there is available to readers of financial matters. Much of what you watch and hear is simply wrong. People wonder why they consistently lose money and it's simple. The best-informed investor is the most profitable investor. Bu
Sunday, July 3, 2016
Sprott Money
Brexit Drives Gold Frenzy - Keith Weiner
The big news this week was that the British voted to exit the European Union. This was not the outcome expected by pundits, or the polls. “Risk on” assets were relentlessly bid up prior to the vote. For example, S&P 500 index futures had closed the previous Friday, June 17, at 2059. This Thursday, prior to the vote, they were up 60.5 or 2.9%, to 2119.50. The British pound began its run up a day earlier than the S&P, closing at $1.42 on Thursday, June 16. This Thursday it was up to a high of $1.5
Monday, June 27, 2016
Keith Weiner - Monetary Metals
Brexit Drives Gold Frenzy, Report 26 June, 2016
The big news this week was that the British voted to exit the European Union. This was not the outcome expected by pundits, or the polls. “Risk on” assets were relentlessly bid up prior to the vote. For example, S&P 500 index futures had closed the previous Friday, June 17, at 2059. This Thursday, prior to the vote, they were up 60.5 or 2.9%, to 2119.50. The British pound began its run up a day earlier than the S&P, closing at $1.42 on Thursday, June 16. This Thursday it was up to a high of $1.5
Monday, June 27, 2016
Sprott Money
Comex Gold Open Interest - Craig Hemke
In defending their long held short positions, the Comex Banks have now issued enough new contracts to drive total open interest back to levels not seen since 2011. Will they be successful in capping price or are they about to get a religious experience? We're about to find out. Let's start with the basics so that we're all on the same page.... The Bullion Banks act as de facto "market makers" on the Comex. In doing so, they have the ability to create new futures contracts for trading acros
Sunday, May 8, 2016
Przemyslaw Radomski CFA - SunshineProfits
Do ETFs’ Flows Drive the Gold Price
What are ETFs? The ETFs, or Exchange-Traded Funds, are funds that track indices, commodities or securities. The ETF shares are securities that closely resemble the yield and return of its native index, but – unlike mutual funds units – can be traded just like common stocks. The gold ETFs are a special type of ETFs that track the price of gold. The ETFs are backed by physical bullion (or gold derivative contracts), but investors do not own any gold and they cannot even redeem their shares in gold
Friday, April 8, 2016
Jesse - Le Cafe Américain
Gold Cup and Handle From the Prior Leg of the Bull Market
As a reminder, here is what a 'successeful' activation and execution of a cup and handle formation looks like. And as another reminder perhaps, this particular bull rally was later ruthlessly crushed by an avalanche of synthetic gold derivative selling.
Monday, February 29, 2016
Jesse - Le Cafe Américain
NAV Premiums of Certain Precious Metal Trusts and Funds - Capture and Crash
The gold/silver ratio is about 80 which is historically very high. I believe that this is attributable to the price leadership of gold because of a flight to safety from economic uncertainty and policy errors such as negative interest rates. Further, I believe that there is a looming short squeeze in the physical gold market which, if unaddressed by reforms and market pricing, will cause a dislocation in the global bullion markets. I am obviously less certain about the second reason, but th
Tuesday, February 23, 2016
24hgold
Detour Gold Reports Solid Second Quarter 2015 Results

Wednesday, July 29, 2015
Bron Suchecki - Perth Mint
Precious metal derivatives decline 29
Yes, you heard that right, the US Office of the Comptroller of the Currency’s (OCC) latest quarterly report show a reduction in total precious metal derivatives from $106,293 million to $75,620 million. This is at odds with Zero Hedge’s post first, ask questions later approach where they say that there was a “237% increase in the total amount of precious metals (which include gold) contracts in the quarter”. Zero Hedge get their percentage from a graph from the report (see below) that does show
Tuesday, June 30, 2015
24hGold - Noodls
Imperial Reports 2014 Financial Results
March 31, 2015 Imperial Reports 2014 Financial Results View this News Release in PDF Format Vancouver - March 31, 2015 | Imperial Metals Corporation (the "Company") (III-TSX) reports financial results for its fiscal year ended December 31, 2014(*). The Company incurred a net loss for the year ended December 31, 2014 of $37.3 million ($0.50 per share) compared to net income of $41.0 million ($0.55 per share) in 2013. The variation in net income in 2014 compared to 2013 is largely attribu
Tuesday, March 31, 2015
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