Tuesday, November 19, 2019

Cracks Spread in the Bullion Banks’ Price Management System

by Clint Siegner, Money Metals:

Department of Justice prosecutors charged a sixth JPMorgan executive for cheating in the precious metals markets.

Jeffrey Ruffo stands accused of racketeering and spoofing metals prices from 2008 – 2016, along with other crimes including conspiracy to commit wire fraud.

The indictment outlines nearly a decade spent coordinating with other traders in JPMorgan’s precious metals department to rig prices. The activity includes thousands of fraudulent trades placed for two purposes.

GOLD & SILVER UPDATE: Setting Up For The Next Leg Higher In 2020

by Steve St. Angelo, SRSRocco Report:

The Day of Reckoning is coming, and it won’t be pretty for the overall markets.  While the Fed liquidity has pushed the major U.S. indexes to new highs, the underlying fundamentals in the economy continue to deteriorate.  Without the record amount of Fed QE and Repo Operations, the market and economy would have gone into a tailspin in 2019.

Now, to give credit where credit is due, the term, “The Day of Reckoning” was the title from the Northman Trader’s most recent public article.  What I like about Sven Heinrich’s work (the Northman Trader), is his ability to use technical and fundamental analysis to provide “PRICE DISCOVERY” in the markets.

Silver Equities Outperforming Year-to-Date

from Silver Doctors:

Silver, like gold, was also sold unevenly lower starting at the 6:00 p.m. EST open in New York on Thursday evening — and that lasted until a few minutes before the London open.  It was then bounced off its $16.82 spot price low multiple times from there until around 12:45 a.m. GMT/7:45 a.m. in New York.  From that point onwards, ‘da boyz’ handled the silver price in a matter very similar to that of gold…also capping it at the 11 a.m. EST London close.
The high and low ticks aren’t worth looking up, either.

Keiser Report: Trump: Easy to read (E1463)

from RT:

They also discuss Venezuela’s president holding up a bitcoin hard wallet just a year after the UK refused to return their gold. In the second half, Max talks to Dr. Michael Hudson of michael-hudson.com about repo markets, national debt, China, trade wars, and more.

What ECB’s Tiering Means For Gold

from Silver Doctors:

In a key policy shift, the ECB has recently introduced tiered system of interest rates…

by Arkadiusz Sieron of Sunshine Profits

What ECB’s Tiering Means for Gold

In a key policy shift, the ECB has recently introduced tiered system of interest rates. This news isn’t of interest only to the banks keeping their reserves at the ECB. In today’s article, you’ll learn about the new instrument of monetary policy, and find out what it implies for the gold market.

HONG KONG IN A MESS AS THEIR LIQUIDITY IS DRYING UP (AND POSSIBLY THEIR GOLD?)

by Harvey Organ, Harvey Organ Blog:

GOLD DOWN $4.70 TO $1468.00//SILVER DOWN 6 CENTS TO $17.00//SMALL DROP IN COMEX AND SILVER OI BUT WE STILL HAVE QUEUE JUMPING IN BOTH METALS//DAVE KRANZLER GIVES THE DEFINITIVE COMMENTARY RE THE PLEDGED GOLD SITUATION AT THE COMEX: A MUST READ….//HONG KONG IN A MESS AS THEIR LIQUIDITY IS DRYING UP (AND POSSIBLY THEIR GOLD?)//VENICE FLOODED FOR THE 2ND DAY OUT OF THE LAST 3 DAYS: TOTALLY UNPRECEDENTED//ESTIMATES FOR 4TH QUARTER USA GDP FALTERS BADLY GOING INTO THE NEGATIVE//USA INDUSTRIAL PRODUCTION COLLAPSES//MORE SWAMP STORIES FOR YOU TONIGHT

Bill’s Latest Interview With Dave Janda

by Bill Holter, JS Mineset:

There may be more meat in this interview with Dave Janda than any I’ve ever done. Please watch!

Click HERE to listen

Read More @ JSMineset.com

Market Report: December turning point?

by Alasdair Macleod, GoldMoney:

Gold and silver stabilised this week, consolidating the falls of the previous week. Gold rose $7 from last Friday’s close to trade at $1466 in early morning European trade, while silver was up four cents over the same time period at $16.90. Silver seemed to have a firmer underlying tone compared with gold, and this can be explained by gold appearing to be more overbought than silver. This is reflected in our next chart, which is of gold’s open interest on Comex.

Did the Comex Just Create More ‘Paper Gold’ For Price Suppression?

by Dave Kranzler, Investment Research Dynamics:

A mysterious “pledged gold” entry has just showed up on the Comex gold warehouse report. The definition of this new warehouse stock classification for gold is provided in Chapter 7 of the New York Mercantile Exchange rulebook.

In brief, “eligible” gold is a gold bar stored in a Comex vault that meets Comex specifications (quality, size, purity, and brand).

A “registered” gold bar is one that has been designated for delivery and for which a warrant has been issued. This warrant is evidence of and specifies ownership title to the bar. Warrants facilitate the transfer of delivery under a Comex contract.