by irdadmin | Apr 15, 2016 | Financial Markets, Gold, Market Manipulation, Precious Metals
The big buzz yesterday in the precious metals market was the news that Deutsche Bank has agreed to settle charges for its role in manipulating the London Bullion Marketing Association (LBMA) daily gold/silver price fixings. My view on this, albeit admittedly jaded, is...
by irdadmin | Apr 13, 2016 | Financial Markets, Gold, Market Manipulation, Precious Metals
Orwell would blush over what’s being done to our system if he were alive. – Investment Research Dynamics…I think a lot of precious metals futures contracts are going to undergo a disappearing act. – John Titus of BestEvidence The CME...
by irdadmin | Apr 12, 2016 | Financial Markets, Gold, Market Manipulation, Precious Metals, U.S. Economy
The Fed announced a series of three “expedited procedure, closed” meetings Monday thru Wednesday this week: FRB Board Meetings. The Monday meeting was allegedly “a review and determination by the Board of Governors” of the advance and...
by irdadmin | Apr 11, 2016 | Financial Markets, Gold, Market Manipulation, Precious Metals
Sprott Asset Management announced a secondary offering of its PSLV silver trust on Friday. If the over-allotment option is exercised, the deal will raise approximately $86 million. At today’s price of silver ($15.95), that would translate into 5.4 million...
by irdadmin | Apr 11, 2016 | Financial Markets, Gold, Market Manipulation, Precious Metals
The LBMA appears now to be in an intractable and rapidly degenerating position – with the vaulted gold available outside of the Bank of England and ETF holdings largely gone from London, how do you manage the appearances of a spot gold market with turnover of...
by irdadmin | Apr 8, 2016 | Financial Markets, Gold, Precious Metals
Apparently that imbecilic Goldman Sachs commodities analyst, Jeff Currie, was on CNBC’s Power Lunch urging viewers to short gold. He’s been wrong since his initial $800 target on gold he set about 2 years ago. In fact, using Currie as a contrarian...
