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Tyler Durden 10/06/2014 In 2008, we projected that the crash in the market was in fact a mini-crash and that the day would come when a more major crash would occur - one that reflected the level of debt. In recent months, this prognostication has been gaining traction - that a second, more severe crash is inevitable. There are two primary camps amongst economists with regard to the economic direction that a crash will generate: inflationists and deflationists. Inflationists tend to feel that the governments of the world that are now in debt over their heads will do what governments...

Buying Time.

A couple of readers asked me to comment on the news Regulator Fines Barclays Over the Pricing of Gold. A British financial regulator has fined Barclays $43.9 million after accusing a former trader at the bank of improperly influencing gold prices at the expense of a customer. The F.C.A. also fined the former Barclays trader, Daniel James Plunkett, £95,600 and barred him from participating in any regulated financial activity. The authority said Mr. Plunkett, who settled with it, had profited at the expense of a customer, who was later fully compensated by Barclays. Mr. Plunkett’s improper conduct occurred on June...

We can't ignore it anymore - the markets are rigged. The LIBOR scandal broke almost two years ago, and the banks found responsible for manipulating that key index are still dealing with lawsuits. Meanwhile, allegations of gold market manipulation have been simmering for over a decade and grew into an inferno after the spot price dropped dramatically last spring. Yet I'm left wondering what the conspiracy theorists hope to accomplish. Yes, I believe in exposing truth for its own sake and that the individual investor should have the same opportunities in the marketplace as the big institutions. But with these...

CHICAGO, Oct. 14 (Xinhua) -- Gold futures on the COMEX division of the New York Mercantile Exchange bottomed out of a three-month low Monday. The most active gold contract for December delivery increased 8. 4 dollars, or 0.66 percent, to settle at 1,276.6 dollars per ounce. The weakening dollar against other major currencies as well as the rebound of the U.S. stock market Monday lent certain support to gold. Nevertheless, gold's growth was limited on news that President Barack Obama will meet with congressional leaders of both parties Monday afternoon. Over the weekend, talks in the Senate aiming to avoid...

Today was a bad day for precious metal investors. Both gold and silver dropped 2% today. commod101113 As global equity markets rallied. gem13 The gold sentiment index fell. goldent Comex gold holdings dropped. comexgoildinv At least the gold forward curve is modestly upward sloping (orange line). goldfexo Too bad the USA went off the gold standard. While some blame President Richard Nixon for taking the USA off the gold standard, the truth is that the USA had been dumping its gold holdings since 1957. goldike

Following the poor new homes sales report in the US and economic weakness in developing countries, we see gold and silver rising this morning. Gold: gold082313 Silver: silver082313 And the USD/EUR is plunging. usdeur666 And the USD/JPY is doing likewise. usdjpy082313 The 10 year US Treasury yield is down 8 basis points. ust10082313 Stay tuned!

Below are today’s likely price locations of buy and sell stop orders for the active Comex gold and silver futures markets. The asterisks (**) denote the most critical stop order placement level of the day (or likely where the heaviest concentration of stop orders are placed on this day). See below a detailed explanation of stop orders and why knowing, beforehand, where they are likely located can be beneficial to a trader. ..........See Graph At Link................ Stop Orders Defined Stop orders in trading markets can be used for three purposes: One: To minimize a loss on a long or short...

For over a month, JPMorgan managed to mysteriously avoid matching up the gold held in its (world's largest) vault with the Comex delivery notice update. However, as of today, that particular can will be kicked no more. Starting yesterday, JPM reported that just under 12,000 ounces of Eligible gold (the same Registered gold that two days earlier saw its warrants detached and convert to eligible) were withdrawn from its warehouse 100 feet below CMP 1. But it was today's move that was the kicker, as a whopping 90,311 ounces of eligible gold were withdrawn, accounting for a massive 66% of...

Is the paper gold scam about to be brutally crushed by a crippling shortage of physical gold? If so, what will that do to global financial markets? According to the Reserve Bank of India, “the traded amount of ‘paper linked to gold’ exceeds by far the actual supply of physical gold: the volume on the London Bullion Market Association (LBMA) OTC market and the major Futures and Options Exchanges was OVER 92 TIMES that of the underlying Physical Market.” In other words, there is a massive amount of paper out there, but very little actual physical gold to back it...

What I'm about to say will challenge even the most steadfast gold bears - or anyone for that matter right now who thinks that gold has seen its better days. The chart below tells a story - a big story. In fact, I encourage you to forward this email to anyone you know who serious about his money. What I found here, with the help of Frank Holmes from U.S. Global and one of the smartest people on earth on the potent combination of Asian markets and commodities, is a chart that shows a truly astounding fact about gold.

Over the past week I received numerous emails regarding my June 13 post Mish Buys a Basket of Miners. People want to know if I am still in the trade. Others taunted they will be buying when I'm selling. Well good luck with that idea, because this is an investment not a trade. One reader proposed "My prediction is when the Fed finally stops printing, gold will drop to $750 and when they start raising rates gold will drop to $500. What do you say about that?" I answered "Your prediction seems as silly as those who knew gold would be at 2400...

From the moment Bernanke spoke, Gold and Silver began to accelerate to the downside. Gold legged lower into the NYMEX pit close and faded further in search of the $1200 round number (trading at $1199.90). Down around 12% from the FOMC (gold is now -38% from its highs in 2011).   Silver is following (down over 14% from FOMC) as the Gold-to-Silver ratio test 65x (double its lows in April 2011 around 32x) and back to the ratio that existed as Lehman failed.  As we noted yesterday, somewhat oddly, as goes gold so goes AAPL... The other interesting on-again-off-again relationship of interest...

Gold And Silver - The End Is Near; Just Not In Sight Commodities / Gold and Silver 2013 June 22, 2013 - 04:00 PM GMT By: Michael Noonan Whatever expectation[s] you may have, expect the unexpected and unlike what you may expect. So far, that has been playing out quite nicely, and one of our expectations is that it will continue to unfold in the same manner, and to the ongoing surprise of most. "Gold will be at/above $2,000 by the end of the year." "Gold will reach $3,000 [$5,000, $10,000, etc] and silver $100, [$250, $500, etc]" "The central...

Gold fell to its lowest price in three years after US Federal Reserve chairman Ben Bernanke said stimulus measures might be reduced this year as the US economy recovers. Market expectations are for the price to fall below US$1,300 (about Bt40,480) an ounce this month, while the local gold price declined slightly, eased by appreciation of the baht. Gold for immediate delivery dropped as much as 3.4 per cent to $1,304.75 an ounce yesterday. Bullion for August delivery sank 5.1 per cent to $1,303.30 an ounce on the Commodity Exchange in New York. In London, gold fell to the lowest...

Gold, Silver, Stocks, Bonds Plunge On Fed Noise And China Debt Crisis Risk Commodities / Gold and Silver 2013 Jun 20, 2013 - 04:14 PM GMT By: GoldCore Today’s AM fix was USD 1,303.25, EUR 986.34 and GBP 842.38 per ounce. Yesterday’s AM fix was USD 1,366.00, EUR 1,019.86 and GBP 874.91 per ounce. Gold fell $16.10 or 1.18% yesterday and closed at $1,351.00/oz. Silver sank to $21.25 and ended down 1.25%. Bonds, shares plus gold and silver fell sharply around the world this morning after the U.S. Federal Reserve again suggested an end to their easy money policies. Data...

NOURIEL ROUBINI: 6 Reasons Why Gold Will Plunge To $1,000 Joe Weisenthal Jun. 1, 2013, 4:27 PM Gold has been getting poleaxed in recent months, though it remains just below $1400/oz. In a piece up at Project Syndicate, economist Nouriel Roubini says gold will fall to around $1,000 before the end of 2015. He gives six reasons why. We summarize: * Gold spikes during extreme crises. The crises are over. * Gold does well during periods when there's a risk of high inflation. That clearly is no longer a big worry, given how much central banks have unsuccessfully tried to...

Some gal on the radio is talking about permanent gold backwardization. I know the gist of things means that the futures price is lower than the spot price, but what does this whole thing mean exactly? She says trade would just stop. Why would that be? Anyone know about this? Does it mean the quoted spot price is basically meaningless?

BARRON'S: There Were Two Gigantic, Suspicious Sales Of Gold On Friday That Caused The Price To Plunge Joe Weisenthal May 19, 2013, 10:34 AM Gold went down the toilet again on Friday, and is now close to revisiting its April lows. This gold weakness is causing a lot of consternation to fans of it who don't understand how the precious metal can keep falling, when central banks around the world continue to press down on the gas pedal. A lot of gold bugs think the price is being manipulated somehow, or that there's some divergence between what's going on in...

The Commodity Massacre Is Back Today — Gold Tanks Again Matthew BoeslerMay 1, 2013 WTI crude oil is getting hit pretty hard this morning. Right now, it's down about 2.8%, trading at $90.85 a barrel. Copper is getting hit too – it's down about 3.2%. Gold, meanwhile, is down 1.5%, trading at $1450 an ounce. In fact, the entire commodity complex is pretty heavy in the red today, with the exception of natural gas. Silver, platinum, palladium, corn, wheat, sugar, coffee, soybeans, gasoline, and heating oil are all coming under selling pressure. Overnight, we saw weaker-than-expected manufacturing data out of...