Sentences with phrase «bullion banks»

The residual supply of potentially marketable gold is vaulted in bullion banks (much of it at HSBC for the GLD ETF) and non-bank commercial storage facilities such as Brinks, Malca Amit, etc..

In the depths of the building's footing resides ScotiaMocatta's bullion vault, the only bullion bank in Canada.

A few months ago the Financial Times did a big story about gold that was half about GATA's complaints about gold price manipulation by central banks and their associated bullion banks.

If the customer still wants to buy it, then the broker steers them into electronic gold, such as bullion bank - controlled ETFs and major mining company equities.

I would also suggest that this is why those who have been calling for a short - term wipe - out in the price of gold have been proved wrong for over two months, despite the blatant daily attempts by the Fed / ECB / bullion banks to push the price of gold lower.

(The major miners serve the bullion banks, not their shareholders, and have actively participated in gold's price destruction for years, starting with the «hedging» campaign that handed guaranteed profits to the banks and pitiful share prices to the stakeholders.)

The intermediaries include Comex, LBMA, Over the Counter market, and bullion banks.

While this gold can and has been leased to bullion banks for commercial purposes (often for hedging purposes by the mining industry), this practice has diminished significantly in recent years due to compliance and regulatory considerations affecting the practice and behavior of bullion banking.

Speculators include macro hedge funds, commodity traders (CTAs), bullion banks (although to a much reduced extent since the failure of MF Global), and central banks.

What is the size of the total short physical gold position, or put another way, how much gold from their vaults have the central banks collectively deposited, leased or swapped into the market through the bullion banks?

But once the hedge funds and bullion banks are through fixing their problematic short positions in the miners, they will follow - through with enormous buying.

The first of the bullion bank traders being brought to trial on charges of manipulating the U.S. gold and futures markets, Andy Flotron, has been treated unfairly by the prosecution, a federal judge has ruled.

Too be sure, whenever the COT report shows an extreme level in the bullion bank short position in gold and futures, offset by an extreme long position held by the hedge funds, the criminal banks implement a «COT stop - loss hedge fund long liquidation» algorithm which sets off the stop - losses set by the hedge funds and causes the now - familiar «waterfall» chart patterns that result from heavy bank manipulation of Comex trading.

This is likely the reason that gold has been a stellar performer for the past three weeks despite the general expectation that the bullion banks were in a position to smash the precious metals once again.

I say that the bullion banks have already gotten ahead of that argument and of that particular curve.

Understandably, the glee I would derive from seeing a large piton driven into the forehead of a bullion bank behemoth after one of these episodes can not be adequately imagined.

I further urge all of the other quasi-analysts that look to silver as «nothing more than a byproduct» of giant copper, zinc, and lead mining operations might want to consider whether the notional value of the paper «hedges» carried on the books of the bullion banks might not represent the ultimate discounting mechanism.

Based on yesterday's response in the paper gold market in NYC after the Fed's rate hike announcement, it seems that the western Central Banks / bullion banks are losing control of the bullion market.

ALL of these variables are factors which are used to help the bullion bank gold cartel take down the price of gold and silver using the paper gold derivatives traded largely without enforcement of the regulations in place in New York and London.