Tag - Gold Exchange

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Friday, September 4 2020

London gold vault Bait-and-Switch as LBMA prepares bigger changes

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

LBMA-COMEX collusion intensifies as CME approves 267 LBMA gold and silver bar brands

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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Tuesday, August 11 2020

Performance Bond Requirements: Silver Margins - CME Group

CME raises silver margins by 15.2%

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Thursday, August 6 2020

Performance Bond Requirements: Silver Margins

CME raises silver margins by 15%

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Saturday, August 1 2020

102 tonnes of gold changing hands on CME's biggest ever delivery day

Traders on CME Group’s (CME.O) Comex exchange in New York said on Thursday they would deliver 102 tonnes of gold to holders of expiring futures contracts, in the biggest one-day delivery on record.

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Friday, July 31 2020

Gold Deliveries

Gold has 32,732 contracts called for delivery on the first day of the new month.

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Tuesday, July 28 2020

Performance Bond Requirements: Silver Metals Margins

Silver margins rise 11%

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Thursday, July 23 2020

Performance Bond Requirements: Metals Margins - CME Group

CME raises silver margins by 12.5%

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Tuesday, July 7 2020

COMEX New York vaults add 730 tonnes of gold since the end of March

Reported gold holdings in COMEX approved vaults rocketed from 8.7 mn ozs to over 32 mn ozs between 24 March and 30 June

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Friday, June 26 2020

Central banker Musical Chairs at the LBMA – Fed exits, Banque de France joins

For a group famous for its caution in appearing associated with and endorsing gold, Western central bankers seem to have made an exception when it comes to sitting on the bord of directors of the world’s largest bullion bank gold cartel, the London Bullion Market Association (LBMA). But maybe that’s the point. Because, if central banks and their proxies are close to the action in the gold market, they will be able to control their interests, as well as influence and control others.

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Tuesday, June 23 2020

Credit Suisse AG Announces Its Intent To Delist And Suspend Further Issuances Of Its VelocityShares ETNs

As part of its continuing effort to monitor and manage its suite of exchange traded notes, Credit Suisse AG has decided to delist the foregoing ETNs with a view to better align its product suite with its broader strategic growth plans.

UGLD - USLV - DGLD - DSLV

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Friday, June 19 2020

The Curious Case of COMEX Gold Deliveries in April and June

A lot has been written about the London gold spot price – COMEX gold futures price spread (EFP) blow up on 23/24 March, whose detonation has sent across the gold market on each side of the Atlantic, and whose trigger has been the subject of much speculation and debate.

Importantly, the fallout from this seismic event continues to roll on, and has caused unusual goings-on among the bullion banks in London and New York

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Scotiabank is about to completely withdraw from the LBMA

Word from behind closed doors at the Scotiabank, reveals the key market maker is set to withdraw completely from the London Bullion Market Association (LBMA), and close its doors permanently by the end of the year.

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Thursday, June 18 2020

Performance Bond Requirements: Silver Margins

CME lowers silver margins by 11%

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Thursday, May 28 2020

New York gold traders are drowning in a glut they helped create

The New York gold market has been flipped on its head in just a couple of months, with a scramble for the metal turning into a glut.

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Bullion banks prepare CME pullback after virus snarl

Gold trading banks are preparing to significantly reduce their positions on CME Group’s Comex exchange in New York, nine people familiar with the plans said, shifting more trading to London and raising costs for thousands of investors.

Some bullion banks are no longer willing to hold large positions on Comex, the biggest gold futures market, after the coronavirus snarled the supply of gold bars, sending Comex prices vaulting above London rates in March.

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Friday, May 1 2020

LBMA Gold Price benchmark ignoring market conditions, short-changing investors

In conclusion, anyone who has investment and assets with values based on the LBMA Gold Price should at this point be worried by this and should urgently be asking why IBA is refusing to explain why the LBMA Gold Price is not taking into account current market conditions in the form of the highly liquid COMEX gold futures prices, and thereby completely understating the LBMA Gold Price benchmark reference price that is used to value trillions of dollars worth of gold related investments around the world every day.

As the owner of the LBMA Gold Price, the same questions should be asked to the London Bullion Market Association. Remember a fish rots from the head down. Because if your investments are based on the LBMA Gold Price, you and your assets are right now being short-changed. And don’t let the LBMA bluff about physical gold not being able to make it on flights from London to New York. That was never the problem. The problem is a liquidity problem within the LBMA market caused by liquidity problems at LBMA market making bullion banks.

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Saturday, April 25 2020

Gold Bars Heading 11,000 Miles to New York in Supply Squeeze

Australia’s largest gold refinery has ramped up production of one kilogram bars to ease the supply squeeze in the U.S. that helped propel a surge in the premium for New York futures.

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Saturday, April 18 2020

The looming derivative crisis

Gold liquidity in London will then disappear entirely, at which point those with a claim to custodial gold will hope that their property rights remain protected.

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Thursday, April 16 2020

COMEX Bombshell – Most eligible vaulted gold has nothing to do with COMEX

In the midst of the ongoing fractures in the paper gold markets that have triggered bullion bank panic from London to New York, forcing their public , the LBMA and CME Group (COMEX) to claiming “healthy gold stocks in New York and London”, we have consistently reminded those interested in the topic that the claims of the LBMA-COMEX do not stand up to scrutiny, in regards to both the London gold float, and the deliverable gold inventories in the COMEX approved New York vaults, especially when it comes to ‘Eligible gold’.

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