Sunday, October 20, 2019

Central Banks Care about the Gold Price – Enough to Manipulate it!

by Ronan Manly, BullionStar:

Central bank gold price suppression is a well-documented fact. Central banks have a long and colorful history of manipulating the gold price. This manipulation has taken many shapes and forms over the years. It also shouldn’t be surprising that central banks intervene in the gold market given that they also intervene in all other financial markets. It would be naive to think that the gold market should be any different.

n fact, gold is a special case. Gold to central bankers is like the sun to vampires. They are terrified of it, yet in some ways they are in awe of it. Terrified since gold is an inflation barometer and an indicator of the relative strength of fiat currencies. The gold price influences interest rates and bond prices. But central bankers (who know their job) are also in awe of gold since they respect and understand gold’s value and power within the international monetary system and the importance of gold as a reserve asset.

The Annual Silver Surveys – Ted Butler

by Ted Butler, Silver Seek:

This past week, the Silver Institute released the annual supply/demand report it commissions each year by GFMS from London. In about a month, the annual silver report compiled by CPM Group should be released. Over time, these two reports have become the prime source material for silver supply/demand fundamentals. First, some general comments about the reports, followed by what the Silver Institute report includes and doesn’t include. As always, data and statistics on their own are fairly meaningless, compared to interpreting and understanding the message of the data.

Keiser Report: Hierarchy of Needs (E1264)

from RT:

In the second half, Max interviews a banker-turned-blogger Michael Krieger of LibertyBlitzkrieg.com about political derangement in the days of Trump and why Google has turned to its dark side in China.

NIGEL FARAGE’S BREXIT PARTY NOW IN THE LEAD IN VOTER SUPPORT FOR THE NEW EUROPEAN PARLIAMENTARY ELECTIONS

by Harvey Organ, Harvey Organ Blog:


GOLD UP $1.75 TO $1275.90//SILVER UP 4 CENTS TO $15.03//DURING WEEKEND, IN CHINA LARGE PRIVATE MINSHENG DEFAULTED// SETTING UP MAJOR CROSS DEFAULTS/TURKISH LIRA FALTERS AS FORMER PRIME MINISTER ANGRY WITH ERDOGAN’S POLICIES//USA TO NOT ALLOW ANY MORE EXEMPTIONS PER COUNTRIES PURCHASING IRANIAN OIL//IRAN COUNTERS THAT IT WILL CLOSE THE STRAIT OF HORMUZ//PLETHORA OF SWAMP STORIES FOR YOU TONIGHT

Gold And Silver Futures Swing From Bearish To Bullish In Just Two Weeks

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by John Rubino, Dollar Collapse:

After holding onto huge, unprofitable long positions for months, gold and silver futures speculators are finally giving up and bailing out, while commercial traders (who take the opposite side of these trades, since every long requires an offsetting short) are closing out their shorts at a near-record pace.

Here’s the gold data for last week, courtesy of GoldSeek. Note the massive shift by speculators from long to short. They’re not in balance yet (where longs and shorts are equal) but they’re heading that way fast.

In silver, they’re just about in balance, which is historically about as far they usually go:

Here’s the same data for gold in graphical form with the silver bars representing speculator longs and the red showing commercial shorts. Note the long plateau followed by a rush to the middle, which is where rallies tend to begin.

Read More @ DollarCollapse.com