Commodity Trade Mantra

Posts Tagged ‘Bullion Banks’

What Triggered a Meltdown in Gold and Silver Prices Last Week

The markets entered October with lots of traders still willing to hold out for higher prices as long as prices weren’t breaking down. Across the table sat the bullion banks, heavily short & pushing for gold and silver prices to fall. The impasse broke when the stronger dollar & higher rates pushed metals below technical support. Weak-handed speculators ran for the exits.

Gold and Silver Strong – Banks and Stocks Scary

European Banks are worth watching. The failure of even one modest-sized European bank will send ripples through the world financial system & would likely drive significant safe-haven buying in gold and silver. Valuations are widely acknowledged to be at nosebleed levels versus historical norms & individual investors are fleeing equity markets. Gold and silver benefit during a selloff in stocks.

Extreme Leverage in a Gold Futures Market Nearing the Breaking Point

Gold and silver prices rose despite a stronger-than-expected Nov jobs report. Perhaps it was a relief rally based on silver and gold being heavily oversold and investors realizing that a quarter percent Fed rate hike may already be “priced-in.” Maybe the gold shorts are getting nervous about extraordinary leverage in the futures markets with actual gold backing them continuing to decline.

Is Gold Now Set-Up For A Move Higher?

The bullion banks have quietly shifted their trading book to a net long position. And, the hedge funds & small retail traders have taking the other side of this & have gone significantly net short Comex gold. It is very rare for the hedge funds to run a net short position. The last time when hedge funds were net short was in early 2000 right before the bull market in gold was launched.

Are Big Banks Using Derivatives To Manipulate Gold And Silver Prices?

Gold and silver futures markets are places where people speculate on price direction. The fact that bullion prices are determined in this paper, speculative market & not in real physical markets where people sell or acquire physical bullion, is the reason the bullion banks can manipulate the price of gold and silver, irrespective of the demand for the physical metals.

The Fed Bailed Out The Comex With Hypothecated Gold

COMEX clearing members had gotten themselves to the edge of a widespread default on physical gold delivery obligations. That same day, JPMorgan transferred 177,402 troy ounces of gold into COMEX registered gold stockpiles – just enough to cover the shortfall. Did JPMorgan Chase just engage in a bailout?

Lawless Manipulation of Gold & Silver Markets by Public Authorities

Decline in gold or silver prices vs. the dollar conveys that the dollar is strong when in fact, the dollar should be under pressure from over-issuance of dollars & dollar-denominated debt. What we have been experiencing since the 2008 crisis is the subordination of law & the financial regulatory agencies to the interests of a few private banks.

Primary Silver Miners: Losing Nearly $3 Per Ounce Of Production

With more than half of the primary silver miners financial results for the third quarter finally out, the group is now losing nearly $3.00 an ounce at the current market price of silver. We can thank the Fed and Bullion Banks for rigging the paper silver price well below the estimated average break-even for the primary silver miners.

How Much Gold is on Loan Worldwide?

Central banks manipulate gold prices with derivative products in a very opaque way. Central bank accounting for gold is rather peculiar: gold receivables and bullion still in their vaults are treated as a single line item in their balance sheets. This makes it almost impossible for outsiders to ascertain how much of their gold is actually on loan.

New 'LBMA Silver Price' - Still Not Transparent

During the last few days it has become apparent that the entire formulation & implementation of the new silver pricing process appears to have been rushed through, with market participants now fearful that it may not be able to provide a silver price benchmark for the myriad users who are depending on a silver price benchmark.

London Fix Gold Rigging By Bullion Bank Exposed In Class Action Lawsuit

A class action lawsuit filed by Edward Derksen on July 9, 2014 against the London gold fix member banks clearly shows the critical role the daily fix has in the manipulation of the price of gold, both in a downward and upward direction: whichever suits the London Fix member banks. Here are some of the highlights.

Gold Market Insider Trading & Financial Terrorism on Comex

One motive of the manipulation is to control Comex trading in a way that helps the Fed contain the price of gold, thereby preventing its rise from signaling that problems festering in the U.S. financial system are growing worse by the day. This is an act of financial terrorism. Another motive is to help support the relative trading level of the dollar.

Russians Aren’t Into Gold Yet—But Wait Until They Stampede

I firmly believe that when the existing world financial system finally crashes and burns, as it inevitably will, Russians will rush into precious metals. Mini-rushes, as in the fall of 2008 and August of 2011, were just a foretaste of things to come. And when Russians stampede, I can tell you it is a sight to behold.

Gold Market is not “Fixed” - it’s Rigged

Its an indication that when free market forces have been frustrated by market manipulation for a very long time the equilibrium price can be many multiples of the suppressed price & the rise is typically rapid when the suppression is overcome. The onset of an epic “gold rush” is fast approaching.

Why Gold Is Unstoppable And What Investors Should Look At Now

The world economies are not what they are made out to be. Without much exception, they are weakening & struggling. There’s far too much debt in virtually every country at every level. As things get worse and worse in the economy, I think that gold and silver become a worthwhile alternative.

Paper Gold Ain’t as Good as the Real Thing

The pool of unallocated London gold supports paper-gold trading way beyond the amount of physical gold available. This pool is drying, setting up the mother of all short squeezes. People with gold ETFs & other paper claims to gold will have to settle in cash at prices well below the physical market.

Naked Gold Shorts: The Hows and Whys of Gold Price Manipulation

The Gold Price Manipulation consists of the Fed using bullion banks as its agents to sell naked gold shorts in the New York Comex futures market. Short selling drives down the gold price, triggers stop-loss orders and margin calls, and scares participants out of the gold trusts.

Are Gold And Silver Prices Manipulated, Or Not?

It is unlikely that gold and silver prices are not manipulated, given that every other market is – Although perhaps the debate should actually be, are the prices manipulated by central banks, governments and the major investment banks in an attempt to control (suppress) prices.

The Complete And Unabridged History Of Gold Manipulation

The London Gold Pool that was designed to keep the price of gold capped, proved that central banks can collude cooperate to rig maintain the price of gold at what they deem manageable levels – But things don’t always go as planned and Gold is a different beast altogether.

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