Keith Weiner: A Banking System Crisis And Gold Backwardation As Our Early Warning Symbol
The system is now fragile enough that if another crisis gets going, it will carry a greater threat of banking system collapse…
Continue readinggold backwardation
Keith Weiner: Repo Problem In Itself Will Not Lead To Systemic Trust Concerns Or Gold Backwardation
When trust in the system collapses, will gold go “no offer”?
Continue readingThe COMEX Is Stressed: Bankers Are Scouring The Bowels Of The Exchange For Gold & Silver!
Harvey Organ says the crooks are desperate, and big things have happened in silver for the 4th consecutive day. Here are the details…
Continue readingKeith Weiner: The Enemies Of Gold Who Say “You Can’t Eat Gold”
Keith explains why people who say “you can’t eat gold” completely miss the point. Here’s how to face anybody who unleashes that little zinger of a claim…
Continue readingKeith Weiner: Switzerland And Permanent Gold Backwardation
Keith says the Swiss franc will collapse, and the Swiss do not want to give up their gold for francs. Here are the details…
Continue readingIntervention & Price Suppression: A Better Way To Explain The Anomalies In The Gold Market
“governments and central banks were using their power of infinite money creation to dump many more unbacked paper claims on the gold market to…”
Continue readingWhat Is Backwardation In London Telling Us About The Physical Gold Supply?
“backwardation is an indicator of physical shortages…buyers bidding up the cash price of the commodity above the future prices. This creates…”
Continue readingHarvey Organ: Backwardation in Gold is Incompatible With Massive Raid on Gold!
The 6th month GOFO rate has entered backwardation. The backwardation in gold is incompatible with the raid on gold . It does not make any economic sense. Lets head […]
Continue readingImports Plunge: Does China Suddenly Have a “Backlog” of Gold?
Chinese gold imports dropped for the third month in a row in April, according to new data released by the Hong Kong Census and Statistics Department. Net gold imports from […]
Continue readingPersistently Negative GOFO: The End of the Fractional Reserve Bullion Banking System is Near!
Negative GOFO is now the norm, not the exception. In fact, since the price bottom at $1180 on June 28th of last year, there have been 229 market days. Of those […]
Continue readingThe Round Tripping Myth And Why It Doesn’t Hurt Chinese Gold Demand
Much has been written lately about the influence of Chinese commodity financing deals (CCFD) on Chinese gold demand. An often perceived analysis is that CCFD have been inflating Chinese demand/import […]
Continue readingGold Shorts B-B-Q!
A week ago, I suggested that sentiment had become overly bearish, and a “barbeque of the gold shorts” was possible. That event occurred on Friday. More than 50,000 contracts changed […]
Continue readingHistoric backwardation in the gold bullion market
Going all the way back to 1989, there’s only been two other instances when the GOFO was negative. It first occurred in the last two days of September 1999. It lasted only […]
Continue readingThe High Risk Of “Safekeeping” Gold In A Central Bank Custodial Vault
Although the western media at large, and especially the mainstream in the United States, remarkably never reported the event, the United States Government defaulted on Germany’s request to have some […]
Continue readingThe Gold Spread and Wall Street Banks
It is so obvious, and so apparent, that I wonder why commentators have only now seen fit to begin commenting. “It” of course, being the pronoun referencing the gold spread and […]
Continue readingThe Empty Vaults of London- Fractional Bullion System to Fail Before End of 2014?
With the price smashes of the past few weeks, the increasing desperation of the bullion banks seems palpable. I now believe that we are truly witnessing the end of the […]
Continue readingBombshell Chinese Revelations: Chinese Banks And 100,000 ‘Outlets’ Selling Gold to Public!
In a MUST SEE interview with Bloomberg, Albert Cheng, the World Gold Council’s Managing Director, Far East dropped 2 bombshells regarding Chinese gold demand. First, Cheng revealed that nearly every […]
Continue readingGOFO Rates Plunging- Are We On the Verge of Another Rally?
As expected, London gold forward rates are plunging again during the New York Comex delivery month. In the recent past, this signal of tight physical supplies has correlated with higher […]
Continue readingGOFO Turns Negative AGAIN: The Consequences
As recently as a few weeks ago the GOFO rates were easily accessible on the LBMA website. This site, however, recently suffered a makeover. The GOFO rates are now extremely […]
Continue readingWhy Was China Carrying Gold?
As with copper, the Chinese are using gold as a convenient way to work around an obstacle imposed by their government. They just want to borrow at the best interest […]
Continue reading