Gold and silver precious metals dealer Monex is facing a legal suit filed by the CFTC last week, but there have been legal problems before, for both the company and the founder…

The CFTC just sued a California gold dealer in what is reported by Reuters as the biggest ever retail precious metals fraud enforcement action brought by the regulator.  The action taken yesterday is a reminder for everybody about what to look for in a gold and silver dealer…

There was a huge spike in gold exports from Hong Kong to the mainland in March. As if someone knew there was going to be immense demand for physical in April in the mainland. But why would anybody import expensive gold  in March to sell it for bottom prices in April?
In between April 22nd and 26th, 117 tons of physical gold were withdrawn from the SGE vaults. That is an exceptional amount of gold to hold in stock-  unless one knew demand would rise significantly and had made pre-orders accordingly.