Tag - Gold Exchange
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Thursday, October 27 2022
By GCRU Gold News on Thursday, October 27 2022, 06:21
Specifically, that correspondence (which was a certifying a doubling in ‘position limits’ on gold futures trading from 3000 contracts to 6000 contracts) contained the bombshell admission that 50% of the ‘Eligible’ gold in the COMEX-approved vaults in New York should be subtracted from ‘Deliverable Supply’ since that portion of gold in the ‘Eligible’ category is held by long-term investors and has nothing to do with COMEX gold futures trading.
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Thursday, August 25 2022
By GCRU Gold News on Thursday, August 25 2022, 00:11
This committee would fix precious metals prices to national currencies from member countries or to a new monetary unit for international trade, such as the newly proposed BRICS currency . Russian President Vladimir Putin believes that a new currency based on commodities will positively benefit member nations.
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Thursday, January 20 2022
By GCRU Gold News on Thursday, January 20 2022, 21:48
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Wednesday, January 5 2022
By GCRU Gold News on Wednesday, January 5 2022, 00:11
CME drops gold margins by 13.3% - silver by 8.2%
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Thursday, August 19 2021
By GCRU Gold News on Thursday, August 19 2021, 22:18
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Monday, July 12 2021
By GCRU Gold News on Monday, July 12 2021, 04:07
Banks clearing gold trades in London can apply for an exemption from tighter capital rules due in January 2022, a British regulator said on Friday, removing what some said was a threat to the functioning of the market.
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Friday, July 9 2021
By GCRU Gold News on Friday, July 9 2021, 02:53
CME lowers silver margins by 10%
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Saturday, June 19 2021
By GCRU Gold News on Saturday, June 19 2021, 08:39
“there is an increasing awareness that LBMA’s purpose has become one of industrial hegemony with an agenda to disrupt any centres that threaten its market share.”
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Wednesday, June 2 2021
By GCRU Gold News on Wednesday, June 2 2021, 00:22
The Basel 3 accord. The most important change for precious metals is that banks would be required to hold reserves against their assets. Under the coming regulations, banks would count unallocated precious metals at 85 percent of their value on the bank’s books in making the determination of how much it needs to hold in reserves against these assets.
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Friday, May 7 2021
By GCRU Gold News on Friday, May 7 2021, 00:49
Gold margins down 10% & silver margins down 9.1%
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Monday, March 8 2021
By GCRU Gold News on Monday, March 8 2021, 23:51
On Monday 1 March, CME Group, which runs COMEX, made a short announcement saying that long time COMEX approved gold and silver vault operator, Bank of Nova Scotia was withdrawing its New York vault from being COMEX approved and that the withdrawal was ‘effective immediately’.
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Tuesday, February 2 2021
By GCRU Gold News on Tuesday, February 2 2021, 01:37
The silver short squeeze in physical silver at present is unprecedented. Even so, the spot price of paper silver is not even close to the real physical equilibrium price of silver. BullionStar may soon have no option but to abandon setting prices based on silver spot price altogether and move to fixed prices.
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Monday, February 1 2021
By GCRU Gold News on Monday, February 1 2021, 22:38
CME raises silver margins 17.9%
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Thursday, January 14 2021
By GCRU Gold News on Thursday, January 14 2021, 07:26
Last week, the London Bullion Market Association (LBMA) published its latest monthly update on gold holdings in the LBMA vaults in London, claiming that there are now record gold stocks of 9452 tonnes of gold held in these vaults.
Trumpeting record physical gold holdings in the London vaults is one thing, but it’s a very hollow proclamation if only a fraction of these total holdings are available to ‘back-up’ the gigantic fractionally-backed London paper gold edifice.
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Monday, January 4 2021
By GCRU Gold News on Monday, January 4 2021, 03:55
Two months ago, Goldman Sachs announced that it had entered into a $500 million agreement to acquire the Perth Mint Physical Gold Exchange Traded Fund (traded in US markets under the symbol AAAU).
With the potential for compromised ownership of the physical gold, the past guarantees of the Perth Mint and the government of Western Australia will no longer offer any recourse.
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Thursday, December 3 2020
By GCRU Gold News on Thursday, December 3 2020, 21:36
CME drops silver margins 6.7%
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Wednesday, November 25 2020
By GCRU Gold News on Wednesday, November 25 2020, 05:37
In a move in early November which is already causing controversy, self-styled gold market authority, the bullion-bank controlled London Bullion Market Association (LBMA), issued a letter to a group of leading bullion markets around the world, threatening to blacklist gold bullion from any country that fails to meet new LBMA recommendations covering gold sourcing and supply chains, the elimination of cash transactions, and the support for artisanal and small scale mining (ASM).
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Monday, November 16 2020
By GCRU Gold News on Monday, November 16 2020, 21:55
CME drops silver margins by 11.8%
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Friday, September 4 2020
By GCRU Gold News on Friday, September 4 2020, 05:52
Thus with this new shift from a 3 month to a 1 month vault reporting lag, the COMEX-LBMA gold pool tag team can, with a bit of spin, hold up a copy of the FEMR report and claim that the London vaults have made a Herculean transparency effort, indeed one that has the blessing of regulators, and successfully ‘lobby’ for a COMEX rule change to allow the London vaults a derogation to only report to COMEX on a 1 month lagged basis instead of the daily end of day requirement of their New York brethren.
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Tuesday, August 25 2020
By GCRU Gold News on Tuesday, August 25 2020, 00:00
Are the COMEX and LBMA bullion banks that desperate that they are now scraping the proverbial bottom of the London gold vaults, planning to deliver the GC 100 contract into long forgotten 400 oz gold bars in deep storage under the Bank of England?
Is there such an upcoming shortage of physical silver that the COMEX needs to approve every silver refinery on the planet, both current and former, so as to have a large enough universe of silver bars to tap including long forgotten silver bar brands?
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