RSSCategory: Category: Physical Market

Ted Butler: Suing JPMorgan and the COMEX

Ted Butler: Suing JPMorgan and the COMEX

Here I am, directly and consistently accusing two of the world’s most important financial institutions of market manipulation (making sure I send each all my accusations) and I have received no complaint from either. I don’t think that has ever occurred previously. Now I am taking it one step further; presenting a guide for how and why JPMorgan and the CME should be sued for their manipulation of gold, silver, and copper.

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European Central Banks About To Withdraw Restrictions On Gold Sales

European Central Banks About To Withdraw Restrictions On Gold Sales

“The negotiations are still ongoing,” Deutsche Bundesbank board member Carl-Ludwig Thiele said in a recent interview with The Wall Street Journal. “No one can see into the future, and therefore it is currently under discussion whether it should be continued,” he added. The Bundesbank currently holds around 3,400 metric tons of gold.

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US Silver Jewelry Sales Exceptionally Strong in 2013

US Silver Jewelry Sales Exceptionally Strong in 2013

Silver jewelry sales in the United States were robust in 2013, with 73% of jewelry retailers reporting increased sales last year, according to “Silver Jewelry Buying Trends,” a survey conducted by the prominent jewelry trade publication “National Jeweler” on behalf of the Silver Institute’s Silver Promotion Service.

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David Morgan: Gold and Silver Free Markets Will Take Over At Some Point

David Morgan: Gold and Silver Free Markets Will Take Over At Some Point

A lot of these paper markets are used by the powers that be to maintain a certain price level while the physical market is doing something else. That is the point about manipulation. Every manipulation in mankind has always come to a point because the free market is always smarter than mankind no matter how smart these people are.

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Why Increased Western Gold Demand Could Lead To A Gold Supply Shortage

Why Increased Western Gold Demand Could Lead To A Gold Supply Shortage

From where will the gold ETF source their gold once the ETF demand turns higher again? It is clear that a supply shortage is a very likely outcome of renewed interest in gold ETF’s. We know that newly mined gold is limited compared to the existing above the ground gold, so it cannot meet Chinese and Western demand. In fact, above the ground gold IS the supply. So what happens if the appetite for gold in Asia remains strong, if those existing gold owners do not supply their gold to the market, and Western demand increases again?

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Silver: 4 Innovative Applications in Health, Automotive, Beverage

Silver: 4 Innovative Applications in Health, Automotive, Beverage

In its monthly industry release, The Silver Institute reported once again several new applications of silver in products across several industries: health, automotive, food and beverage. The Silver Institute has written extensively how silver has helped product development and industries.

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FT Removes Article “Gold Price Rigging Fears Put Investors On Alert”

FT Removes Article “Gold Price Rigging Fears Put Investors On Alert”

In an article published on Sunday, a Financial Times editor explains how the London Gold Fix could be structurally manipulated. In a myserious way, however, the article disappeared shortly after getting published. Too late for Google’s spider who already registered the article in its memory.

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Bundesbank Must Intervene To Reassure German Gold Will Come Back

Bundesbank Must Intervene To Reassure German Gold Will Come Back

The underlying dynamic can’t be more obvious. The Bundesbank was obviously not pleased by the questions that Handelsblatt brought up. The interview gives the impression that all is good with Germany’s gold. It is very likely that the Bundesbank asked the newspaper to make up on their previous article. Readers are invited to draw their own conclusions, based on the facts.

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Remarkably Interesting Insights From A Meeting With Mr. Gold

Remarkably Interesting Insights From A Meeting With Mr. Gold

Jim Sinclair, also known as “Mr. Gold” as he has made literally fortunes with gold in the 70ies, was in Texas recently. He talked about the prospects of the economy, the looming derivatives disaster, and gold’s outlook. One of the attendees, Bill Holter writing for Miles Franklin, reported the key thoughts of Sinclair in a blog post. This article provides some remarkably interesting highlights.

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Fractional Reserve Bullion Banking And Gold Bank Runs

Fractional Reserve Bullion Banking And Gold Bank Runs

In this post, Bron Suchecki discusses the factors affecting a gold bank run. He starts by explaining the types of gold “assets” a bullion bank can hold in order to understand the risks associated with them and then the dynamics of a gold run.

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JP Morgan Holds Highest Amount Of Physical Silver In History

JP Morgan Holds Highest Amount Of Physical Silver In History

Butler’s calculations show that JPMorgan has piled up the largest holding of physical silver in modern world. Since the silver price peak in May 2011, the bank has accumulated between 100 and 200 million ounces of physical silver (if not more). The equivalent in metric tonnes is between 3,110 and 6,220 metric tonnes. To put that number in perspective, it surpasses the amounts held by the Hunt Brothers or Warren Buffett.

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Silver Shines at the Super Bowl

Silver Shines at the Super Bowl

“While the fans are using their texting gloves to contact friends back home, much of the equipment and electronic systems used to broadcast the Super Bowl around the world will rely on silver components,” according to Michael DiRienzo, Executive Director of the Silver Institute.

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There You Have Gold’s Unique Feature: Price Down, Demand Up

There You Have Gold’s Unique Feature: Price Down, Demand Up

What is currently unfolding in the gold market is truly astonishing, especially in Asia. Ggld coin demand is exploding also in Europe and mints can’t keep up with demand. Things are so extreme in Asia that (a lack of) storage is becoming an issue. Which other financial asset sees demand exploding when prices go down?

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Russia Adds 79.5 Tonnes Of Gold In 2013 To Its Reserves

Russia Adds 79.5 Tonnes Of Gold In 2013 To Its Reserves

The Central Bank of the Russian Federation finally got around to updating their website for December—and for the first time in four months they added to their gold reserves. This time it was 700,000 troy ounces. Their total gold reserves that they’re reporting on their website now totals 33.3 million troy ounces. For all of 2013 they added 2.5 million troy ounces to their ‘reported’ reserves, which is about 79.5 metric tonnes.

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