Friday, October 19, 2018

Meet The Finance Professor Exposing Rigged Markets One Academic Paper At A Time

from ZeroHedge:

Finance professor John Griffin, along with his doctoral student companion, Amin Shams, were the two academics that drew market-moving conclusions about bitcoin last year, while the digital currency was trading around $20,000. After sifting through 2 terabytes of trading data, they alleged that bitcoin was being manipulated by someone using the cryptocurrency Tether to purchase it. Tether remains a relatively little-known crypto, which is pegged to one US dollar. Part of its appeal is that it can “stand in” for dollars when necessary, according to Bloomberg.

Griffin and Shams authored a paper in June, with the results of their findings ultimately catalyzing many digital assets to move lower, despite the fact that the CEO of Tether publicly denied that its currency was used to prop up bitcoin.

Thursday Conversation – Chris Powell

by Turd Ferguson, TF Metals Report:

Chris Powell of GATA joins us for a an interesting and enlightening Thursday conversation.

Over the course of this discussion, Chris and I hit three, primary points:

the primary work of GATA and the ongoing central bank interventions in the monetary metals
recent efforts to inspire government regulators to look into the mechanisms of price manipulation
the ongoing yuan-gold and/or SDR-gold “peg”
Many thanks to Chris for his time and please be sure to support GATA if you can. They are an invaluable ally in the fight against precious metal price manipulation and government-sponsored market intervention, in general.

Click HERE to listen

GOLD DOWN $4.35 TO $1218.45/SILVER UP ANOTHER 3 CENTS TO $14.60

by Harvey Organ, Harvey Organ Blog:

ECB ISSUES ULTIMATUM TO ITALY WHO REFUSE TO LISTEN SETTING UP A HUGE CONFRONTATION/THE SAUDI EMBASSY IN ISTANBUL WAS BUGGED AND NO DOUBT THAT THE AUDIO PICKED UP THE MURDER/PASTOR BRUNSON RELEASED/MORE SWAMP STORIES FOR YOU TONIGHT

GOLD: $1218.45 DOWN $4.35 (COMEX TO COMEX CLOSINGS)

Silver: $14.60 UP 3 CENTS (COMEX TO COMEX CLOSING)

Closing access prices:

Gold : 1217.80

silver: $14.61

DOW DOWN ANOTHER 545 POINTS/NASDAQ DOWN 93 POINTS

by Harvey Organ, Harvey Organ Blog:

GOLD HAD A GOOD DAY UP $35.20/SILVER UP 25 CENTS/TOMORROW WILL BE A HUGE MARGIN CALL DAY/MORE SWAMP STORIES FOR YOU TONIGHT

GOLD: $1222.80 UP $35.20 (COMEX TO COMEX CLOSINGS)

Silver: $14.57 UP 25 CENTS (COMEX TO COMEX CLOSING)

Closing access prices:

Gold : 1224.00

STOCK MARKET CRASHES WITH THE DOW DOWN 831 POINTS AND A FURTHER 200 POINTS IN THE AFTERMARKET

by Harvey Organ, Harvey Organ Blog:

NASDAQ DOWN OVER 4% IN REGULAR TIME AND 5% IN THE ACCESS MARKET/GOLD UP $265 TO $1187.60/THE CROOKS ARE KEEPING PAPER SILVER IN THE LOW 14.30’S: SILVER CLOSED AT $14.32/PLEASE READ DAVID GOLDMAN (UNDER THE GLOBAL ISSUES) AS HE EXPLAINS THE CRISIS WE ARE NOW IN/MORE SWAMP STORIES FOR YOU TONIGHT

GOLD: $1187.60 UP $2.65 (COMEX TO COMEX CLOSINGS)

Silver: $14.32 DOWN 7 CENTS (COMEX TO COMEX CLOSING)

COMEX DATA FOR TODAY PLUS EARLY MORNING DATA/ PLUS GLD AND SLV INVENTORY MOVEMENTS

by Harvey Organ, Harvey Organ Blog:

GOLD: $1187.60 UP $2.00 (COMEX TO COMEX CLOSINGS)

Silver: $14.39 UP 9 CENTS (COMEX TO COMEX CLOSING)

Closing access prices:

Gold : 1187.80

silver: $14.37

Commercials are Net SHORT Silver Again on COMEX

from Smaul gld:

https://www.youtube.com/watch?v=6hjH-cw_WD0

THE BANKERS AT THE COMEX HAVE JUST STATED THAT THEY HAVE NO APPRECIABLE METAL!! THIS IS A MASSIVE FRAUD

by Harvey Organ, Harvey Organ Blog:

GOLD: $1201.60 UP  $3.75 (COMEX TO COMEX CLOSINGS)

Silver:   $14.63  UP 5 CENTS (COMEX TO COMEX CLOSING)

Closing access prices:

Gold :  1203.00

silver: $14.65

THE USA 10 YR BOND YIELD RISES TO 3.19%..VERY DANGEROUS AS MAJOR ASSETS ARE PRICED BASED ON THIS YIELD

by Harvey Organ, Harvey Organ Blog:

CHINA ON HOLIDAY WITH THEIR GOLDEN WEEK AND THUS EXPECT MANIPULATION IN GOLD/SILVER/ GOLD DOWN $1.20 TO $1197.95/SILVER DOWN 9 CENTS

GOLD: $1197.95 DOWN $`1.20 (COMEX TO COMEX CLOSINGS)

Silver: $14.58 DOWN 9 CENTS (COMEX TO COMEX CLOSING)

Keiser Report: Healthcare Ate American Wages (E1288)

from RT:

https://www.youtube.com/watch?v=Hyd64ScUv7A

Bank of Nova Scotia charged by CFTC with spoofing in gold, silver futures

by James Langton, Investment Executive:

The bank’s penalty was substantially reduced in recognition of its self-reporting and co-operation

The U.S. Commodity Futures Trading Commission (CFTC) has sanctioned Toronto-based Bank of Nova Scotiafor spoofing trades in gold and silver futures on the Chicago Mercantile Exchange, the futures and swaps markets regulator announced Monday.

THE BANKERS AT THE COMEX HAVE JUST STATED THAT THEY HAVE NO APPRECIABLE METAL!! THIS IS A MASSIVE FRAUD

by Harvey Organ, Harvey Organ Blog:

GOLD: $1199.15 DOWN  $4.05 (COMEX TO COMEX CLOSINGS)

Silver:   $14.67  UP 0 CENTS (COMEX TO COMEX CLOSING)

Closing access prices:

Gold :  1197.40

silver: $14.64

I will try and deliver a commentary tomorrow but it will be light on stories.  I will provide the essential comex data

Another Failed Effort At Regulation – Craig Hemke (02/10/2018)

by Craig Hemke, Sprott Money:

Late Monday, the Commodity Futures Trading Commission (CFTC) levied a fine against Canada’s Bank of Nova Scotia for “spoofing” in gold and silver futures markets.

Here’s a link from Reuters with details: https://www.reuters.com/article/bank-nova-cftc/upd…

First of all, what is “spoofing”? Here are two links that may help. One is from Wikipedia, and the other is from Bloomberg:

• https://en.wikipedia.org/wiki/Spoofing_(finance)

• https://www.bloomberg.com/quicktake/spoofing

From the Wikipedia page, here’s a brief summary: