Tag - Gold Exchange

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Monday, March 8 2021

Scotia Sells its COMEX NY Vault, in Slow Motion Exit from Gold and Silver Markets

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

SilverSqueeze: Physical Silver Shortage vs. Paper Silver

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

Performance Bond Requirements - Metal Margins - CME Group

CME raises silver margins 17.9%

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Thursday, January 14 2021

Behind the Headlines of Record Gold Stocks in London Vaults

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

Worrisome News for Precious Metals

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

Performance Bond Requirements: Metals Margins

CME drops silver margins 6.7%

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Wednesday, November 25 2020

In Delusional Push, LBMA Threatens to Blacklist Entire Gold Trading Centres

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

Performance Bond Requirements: Metal Margins

CME drops silver margins by 11.8%

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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.


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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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