| |
 | Theodore Butler - Butler Research |
 No Manipulation, After All |
| In the never-ending search to either verify or rebut one’s own findings, I’d like you to consider something different today. I’m going to ask you to set aside my highly specific allegations of wrong-doing in the silver and gold markets, mostly centering on JPMorgan, and focus instead on whether if what I allege is really wrong or even matters much. Even though my allegations are based upon data published by the CFTC and CME Group, I would ask you to put that aside and consider that I may have beThursday, February 15, 2018 |
|
| Sprott Money |
| Banks Again Defending Silver's 200-Day Moving Average - Craig Hemke |
| The Bullion Bank trading desks, which are routinely short
thousands of metric tonnes of digital silver, are once again attempting to keep
price below the 200-day moving average.
And why is this so important to The Banks? For the most basic
reasons of all...greed and profit.
The only data available to measure the size of the Bank net short
position in Comex silver comes from the corrupt and compromised CFTC. Though it
seems useless to use CFTC-generated data, unfortunately we have no other
choiceThursday, November 30, 2017 |
|
| Sprott Money |
| Under The Thumb Of The Banks - Craig Hemke |
| The price of Comex Digital Gold continues to be held hostage by
the major Bullion Banks which operate on the Comex in New York. Though some
"improvement" in their collective position was noted in the latest
bank Participation Report, it is very important to note that The Banks are
still as heavily net short as they were at the price peak in the summer of
2016.
We wrote about this recent surge in Bank shorting last month and
the article can be found here:
https://www.tfmetalsreport.com/blog/855Wednesday, October 18, 2017 |
|
| Sprott Money |
| On Guard Against The Banks - Craig Hemke |
| Following the events of yesterday, it seems wise
this morning to take an in-depth look at the charts in order to discern
what moves The Banks may take next in the hope of stemming this rally
and reversing the trends.
Let's start with Comex Digital Gold. It has been
in an UPtrend since July 10 and this rally has carried it $150 or about
12.5%. In doing so, The Commercials on the CoT have increased their NET
short position by 182,000 contracts and, specifically, the 24 Banks of
the Bank ParTuesday, September 12, 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 thatTuesday, July 18, 2017 |
|
| Theodore Butler - Butler Research |
| Another Opportunity |
| An unusual confluence of seemingly unrelated factors may have created an opportunity to do something about the silver (and gold) manipulation. On Monday, April 10, two new officials assumed key roles with the Commodity Futures Trading Commission (CFTC) – a new director of the Enforcement Division and the first chief officer of the newly-created Market Intelligence Unit. The main mission of both departments is to uncover and terminate market fraud and manipulation, the same overall prime mission Wednesday, April 12, 2017 |
|
| Sprott Money |
| Managed Money Traders M.I.A. in Silver in Friday’s COT Report - Ed Steer |
| YESTERDAY in GOLD, SILVER, PLATINUM and PALLADIUM
The
gold price traded quietly lower in Far East trading on their Friday —
and back below $1,200 spot, with the low tick of the day printed about
ten minutes before the London open. It crept higher from there until
at, or just after, the noon GMT silver fix. It was sold a bit lower
from there — and about ten minutes before the COMEX open, it began to
rally with some real authority, but ran into the usual long selleTuesday, March 14, 2017 |
|
| Sprott Money |
| Onward Toward Bullion Bank Collapse - Craig Hemke |
| The events of Friday not only speed the eventual
collapse of the Bullion Bank Paper Derivative Pricing Scheme, they also
highlight the fraud of this current system and shine light upon the
utter desperation of these Banks to maintain it.
We've written about this countless times over the past six years. Here are just two recent examples:
http://www.tfmetalsreport.com/blog/7576/fun-comex-open-interest
http://www.tfmetalsreport.com/blog/7605/comex-gold-open-interest
In short, as a measure ofMonday, June 27, 2016 |
|
 | Jeffrey Lewis |
| Silver Wildcats Part 2 — Concentrated Cohorts and Long Corners |
| In part 1 of this series I floated the idea that in addition to buying up 150 million ounces (30k COMEX contracts) of American Silver Eagles and Canadian Maple Leafs (as Ted Butler claims and no one has been able to refute in a meaningful may)….…that instead of melting down the government-minted coins, they are holding them 'outside of the COMEX delivery system'. Thereby sequestering that part of the hoard in an ‘undeliverable’ format or… Forestalling or Burying The CorpseDocumented throughout tMonday, June 20, 2016 |
|
| Sprott Money |
| The Latest Bank Participation Report - Craig Hemke |
| The latest CFTC-generated Bank Participation
Report provides another case study of the methods through which the
major Bullion Banks attempt to influence and direct gold prices.
We've written about these CFTC-generated reports
so many times, it would be impossible to link every post. However,
nearly every post began with these bullet points. Here they are again,
just so that we're on the same page:
The CFTC's Bank Participation Report is issued monthly from a
survey taken at the Comex clMonday, June 20, 2016 |
|
 | Chris Powell - GATA |
| TF Metals Report: The latest bank participation report |
| The TF Metals Report's Turd Ferguson today updates the latest U.S. Commodity Futures Trading Commission report on the gold futures market positioning of bullion banks, notes that they are again hugely short, and complains that this signifies market manipulation rather than legitimate hedging. Ferguson's analysis is headlined "The Latest Bank Participation Report" and it's posted at the TF Metals Report here:
http://www.tfmetalsreport.com/blog/7675/latest-bank-participation-reportTuesday, June 14, 2016 |
|
| Sprott Money |
| The Epic Battle Continues - Craig Hemke |
| On one side, we have The Specs. These" investors"
seek an exposure to gold through ownership of the paper derivative
offered by The Comex. On the other side, we have The Banks. These "
criminals"
fraudulently create unlimited amounts of unbacked paper gold and sell
them to The Specs in an attempt to cap price and, ultimately, profit by
covering at lower prices. Which side will win? With open interest near
record levels in both gold and silver, we're likely not going to have to
wait muchWednesday, May 18, 2016 |
|
| Sprott Money |
| Assessing The Latest Bank Participation Report - Craig Hemke |
| We monitor the daily open interest changes in
Comex gold and silver. We also wait each Friday for the latest
Commitment of Traders report. Once a month, however, we also get the
Bank Participation Report and, though it might be complete garbage and
full of lies, we also need to consider this report for some historical
perspective.
We've written about these CFTC-generated reports
so many times, it would be impossible to link every post. However,
nearly every post began with these bullet pWednesday, May 11, 2016 |
|
| Chris Powell - GATA |
| TF Metals Report: Assessing the latest bank participation report |
| Conscientious as ever, the TF Metal's Report's Turd Ferguson today reviews the monthly Bank Participation Report of the U.S. Commodity Futures Trading Commission about positioning in the U.S. gold futures market, acknowledging that the report is likely full of deceptions if not outright lies but adding that it may have some value through historical comparison.
Your secretary/treasurer would add that in addition to the proven unreliability of the data as noted by Ferguson, the reporting banks maWednesday, May 11, 2016 |
|
| Jeffrey Lewis |
| Silver Price Illusion Versus Reality - A Little Help Keeping Your Head About You |
| Transcript below:Hey, stay right there. I'm really happy to be here. If you know me or if you're brand new to this, I'm excited because number 1, I get to talk about what silver prices look like in the current reality versus the inevitable reality. Also this is the first time that I've been able to present in this format, so I look forward to seeing how it goes. If you don’t know me… The title of today's; I know you like my slides, but the title of today's program is Silver Price Illusion VersusSunday, September 20, 2015 |
|
| Chris Powell - GATA |
| T.F. Metals Report: Bank participation report update |
| Gold-futures trading big banks seem to have completed another cycle of price suppression and the price of gold futures is likely to incline upward now, the TF Metals Report's Turd Ferguson reports today. His commentary is headlined "Bank Participation Report Update" and it's posted at the T.F. Metals Report here:
http://www.tfmetalsreport.com/blog/6759/bank-participation-report-updateMonday, April 13, 2015 |
|
| Chris Powell - GATA |
| TF Metals Report: Assessing another bank participation report |
| Futures trading data from the U.S. Commodity Futures Trading Commission isn't reliable, the TF Metals Report's Turd Ferguson acknowledges today, but he thinks some useful information still can be extracted from it. His commentary is headlined "Assessing Another Bank Participation Report" and it's posted at the TF Metals Report here:
http://www.tfmetalsreport.com/podcast/6017/assessing-another-bank-partic...Monday, August 11, 2014 |
|
 | Alasdair Macleod - Finance and Eco. |
| Market Report: Sharp consolidation |
| Before yesterday's (Thursday) rise in bullion prices, precious metals were in corrective mode this week after recent rises. There were two big stand-out sales of gold contracts on Monday, estimated to be about 5,000 contracts at the European opening, and 15,000 on the US opening. The combination of the two sales drove gold down over $30, and on Tuesday a further sale of 15,000 contracts drove the price down to a low of $1293 for a total fall of $45.
This negative action occurred at the same timeSaturday, July 19, 2014 |
|
| Alasdair Macleod - Finance and Eco. |
| Unwinding unallocated gold accounts. |
| The debate in precious metal markets today is whether or not the three-year bear market is over and a new uptrend is establishing itself. But assuming for a moment that the gold price has turned the corner, will the bullion banks be able to keep a lid on it? Given the recent jump in their short positions as recorded in the Bank Participation Report on Comex, they presumably think so, and unallocated accounts in London will play an important role.
With an unallocated account the customer doesn'tFriday, July 11, 2014 |
|
| Alasdair Macleod - Finance and Eco. |
| Market Report: The ghost of bail-ins past returns the financial stage |
| Gold and silver had a good week after the US holiday last Friday. From a low of $1312 on Tuesday, gold rose to a high point of $1345 yesterday, and silver from $20.84 to $21.60. Open interest is climbing too for both metals, as shown in the following charts.
This is healthy and indicates that the uptrend has some wind behind it. However, the Bank Participation Report for 1 July shows a sharp deterioration in the banks' positions, illustrated in our third chart.
The net long position of theFriday, July 11, 2014 |
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