A Finding of Manipulation against Bullion Banks Won’t Stop Manipulation

Ex-Deutsche Bank Trader Pleas Guilty to Fraud Charges in Connections with Precious Metals Market Manipulation.

Ethereum achieves 60% market cap vs. Bitcoin, Daily Ethereum trading value exceeds Bitcoin.

Russia To Develop a National Cryptocurrency.

India Settles on 3% GST on gold, lower than expected 5%.

The Lowest Cost. Period.

Check out all the Smaulgld podcasts here.

Not a Smaulgld subscriber? Sign up here.

Donate To Smaulgld.com via paypal

Top stories: Trump tweets “covfefe”, Kathy Gifford shown in photo with beheaded Donald Trump, Bill Maher utters N-Word on live TV, James Comey to testify, Hillary Clinton emerges blames everyone for her loss and MR. Met flips the bird to a fan, loses his job.

Top economic stories Deutsche Bank trader pleads guilty for fraud in connection with precious metals market manipulation. Trader will cooperate and provide evidence against co-defendants.

Distinguish this criminal case brought by the Justice Department and the Commodities Futures Trading Commission and the civil case that Deutsche Bank settled. Deutsche Banks’s alleged co-conspirators (other bullion banks) have not settled and Deutsche, as part of their settlement is working to provide evidence against them.

Also distinguish the criminal case against Deutsche Bank and the precious metals manipulation JP Morgan civil case.

In that case the Judge held that the “plaintiffs did not show that JP Morgan made “uneconomic bids” because they did not provide details on specific trades or names of the JP Morgan counterparties with whom the trades were conducted.” A showing of such details, however, may lead to a ruling in plaintiff’s favor.

In all the above cases if the banks are found guilty/liable it will be because the government/private plaintiffs will be able to show smoking gun evidence of intent.

Uneconomic trades/naked shorts themselves are not actionable evidence of manipulation

Rational: The business judgement rule, eg Time Warner etal

You can buy bitcoin and ethereum through Coinbase.
Click HERE to open a coin base account.*

Gold and silver.

Gold closed last week at $1266.40 an ounce and closed this week at $1279.00 + 0.99%

Silver closed last week at $17.31 an ounce and closed this week at $17.52 +1.2%

The gold and silver ratio ended the week at 73.24:1

Gold Silver Ratio may 31 2017

Donate To Smaulgld.com via paypal

Please consider making a small donation to Smaulgld.com. Thanks!





Sign Up For Smaulgld.com Updates Here!

Donate To Smaulgld.com via paypal

Tweets of the Week

Ethereum vs Bitcoin -Microsoft vs Netscape Redux?

Bitcoin’s Titanic Mentality?

From Bitcoin Jesus Roger Ver

Prefered Z cash

Ethereum begins trading on major Chinese Exchanges

Bitcoin vs Ethereum May 30 2017

ETC did a hard fork to fix it now there is ETC classic- a programmer explains

Charts of the Week

Chinese Debt

Here are the stories we wrote, followed or commented on.

May 29, 2017

Gold

Australian gold output slumps 8 percent in first quarter due to cyclone, rain

OneGram Launches $500 Million ICO for #Gold-Backed Digital Currency

May 30, 2017

Gold

Who is buying all the gold in India?

Hong Kong needs around-the-clock gold trading

De-Dollarization

Russia And Iran Sign Oil-For-Goods Barter Deal; Escape Petrodollar

Oil

Goldman Sachs Bought Venezuela’s State Oil Company’s Bonds Last Week

China expands Belt and Road to the Arctic

US Economic Data

Personal Spending 0.4%, Exp. 0.4%
Personal Income 0.4%, Exp. 0.4%
Core PCE 1.5%, Exp. 1.5%

Case Shiller 20 City Composite 5.9% Y/Y, Exp. 5.7%, Last 5.9%

Consumer Confidence 117.9, Exp. 119.5

Fed Chatter

DALLAS FED’S KAPLAN: I AM CONCERNED ABOUT THE RECENT ECONOMIC DATA: CNBC
KAPLAN SAYS SEES 2 MORE RATE HIKES THIS YEAR AND GROWTH AT 2% THIS YEAR

U.S. Mint Sales Update

U.S. Mint reported selling 200,000 American Silver Eagles and 500 American Gold Eagles today.

MTD American Silver Eagles sold 2,355,000 & American Gold Eagles sold 10,000
YTD American Silver Eagles sold 11,147,500/American Gold Eagles sold 137,000

The U.S. Mint reported selling 5,000 American Gold Buffalo coins.

MTD 5,000 sold

YTD 64,000 sold

The U.S. Mint sold 100 of the first America the Beautiful Coin of 2017 today – the Effigy Mounds National Monument coin. YTD Effigy Mounds ATB coins 21,200. The US Mint sold 0 Frederick Douglas National Historical Site ATB coins.

Total YTD ATB coin sales 26,200 Effigy Mounds National Monument coin and 20,000 Frederick Douglas National Historical Site ATB coins. Total 46,200

Check out ATB mintages

Check out ATB mintages

Check out all the Smaulgld podcasts here.

Not a Smaulgld subscriber? Sign up here.

Donate To Smaulgld.com via paypal


Donate To Smaulgld.com via paypal

Sign Up For Smaulgld.com Updates Here!

May 31, 2017

From Smaulgld.com

SMAULGLD 2017 SILVER SUPPLY DEMAND REPORT NOW AVAILABLE!

Report Comes with Video Companion Series.


Buying Options




Tass talks of collapsing the dollar

US Economic Data

MBA Mortgage Applications -3.4%, Last 4.4%

Pending Home Sales -1.3% M/M, Exp. 0.5%; Down -5.4% Y/Y

Chicago PMI 55.2, Exp. 57.0, Last 58.3

Gold

Venezuela devaluation

Moody’s downgrades China, warns of fading financial strength as debt mounts BUT CHINA HAS GOLD-DOLLAR COLLAPSE ETC

Fed Minutes

June 1, 2017

Smaulgld

SILVER TO GOLD SALES RATIO SOARS IN MAY AT THE U.S. MINT

US Economic Data

Challenger May Job-Cut Announcements +71.4% Y/Y, to 51,682
Initial Claims 248K, Exp. 238K
ADP 253K, Exp. 180K (bu big cuts in auto/retail)

Markit US Mfg PMI 52.7, Exp. 52.5
ISM Mfg 54.9, Exp. 54.8
U.S. April Construction Spending Fell 1.4%; Est. Up 0.5%

Gold
Hedge Funds Pile Into Gold At Fastest Pace Since 2007

Russia – Topping up gold reserves not a priority

Silver

Fed Chatter

Fed’s Williams bullish on U.S. economy, sees total three rate hikes this year

June 2, 2017

From Smaulgld.com

CENTRAL BANK OF RUSSIA TO DEVELOP A NATIONAL CRYPTOCURRENCY

Gold and Silver Manipulation
Trader pleas guilty

Gold

Deutsche Bank Trader Admits To Rigging Precious Metals Markets
https://bloom.bg/2qOsw9b bloomberg

Silver

US Economic Data

May Payrolls 138K, Exp.180K
Revisions
March from 79K to 50K
April from 211K to 174K

Average Hourly Earnings 0.2%, Exp. 0.2%

June 3, 2017

India settles on 3% GST for gold -lower than the 5% expected.

Council to meet on Saturday to finalise GST rate on #gold http://economictimes.indiatimes.com/news/economy/policy/council-to-meet-on-saturday-to-finalise-gst-rate-on-gold/articleshow/58959803.cms

Donate To Smaulgld.com via paypal


Donate To Smaulgld.com via paypal

Sign Up For Smaulgld.com Updates Here!

Compare American Silver Eagles for sale at:

Golden Eagle Coins
SD Bullion
Money Metals Exchange

Donate To Smaulgld.com via paypal

You can compare pricing and shipping charges on American Gold Eagles coins of all sizes at these web sites:

Golden Eagle Coins
SD Bullion
Money Metals Exchange

Check out ATB mintages

Compare American Silver Eagles for sale at:

Golden Eagle Coins
SD Bullion
Money Metals Exchange

-----------------------------------------

If you have enjoyed this report, please consider sharing it, buying your precious metals through the Smaulgld affiliates linked to on this site* and subscribing (for free) to Smaulgld.com.

Please consider making a small donation to Smaulgld.com. Thanks!





Get Free Updates From Smaulgld.com

Subscribe to Smaulgld.com and get the free "In Case You Missed It" weekly email as well as updates and analysis on gold, silver, real estate and the economy.

Also get the free report "Twelve Key Differences Between Gold and Silver" when you subscribe.






Subscribe to Smaulgld.com to receive free gold and silver updates, news and analysis.

Please visit the Smaulgld Store for a large selection of recommended Kindles, books, music, movies and other items.


You can support Smaulgld.com by making all your Amazon purchases through the search widget below and by ordering your gold and silver by clicking on the Money Metals Exchange, Gold Broker, Golden Eagle Coin, GoldMoney, SD Bullion and Canadian Mint ads on the site.


Browse Silver Coins on Amazon

Browse Collectible Coins on Amazon

DISCLOSURE: Smaulgld provides the content on this site free of charge. If you purchase items though the links on this site, Smaulgld LLC. will be paid a commission. The prices charged are the same as they would be if you were to visit the sites directly. Please do your own research regarding the suitability of making purchases from the merchants featured on this site.

Chart Disclaimer: Information presented here has been obtained from a third party and is presented for information purposes only. Smaulgld can not and does not guarantee the accuracy or timeliness of the data displayed on this site and therefor the data provided should not be used to make actual investment decisions. You should always consult a professional investment adviser before investing in precious metals or any type of investment. You acknowledge that Smaulgld assumes no responsibility for the integrity of data on this site.

The content provided here is for informational purposes only. Making investment decisions based on information published by Smaulgld (SG), or any Internet site, is not a good idea. Accordingly, users agree to hold SG, its owner and affiliates, harmless for all information presented on the site. SG presents no warranties. SG is not responsible for any loss of data, financial loss, interruption in services, claims of libel, damages or loss from the use or inability to access SG, any linked content, or the reliance on any information on the site.

The information contained herein does not constitute investment advice and may be subject to correction, completion and amendment without notice. SG assumes no duty to make any such corrections or updates. As with all investments, there are associated risks and you could lose money investing. Prior to making any investment, a prospective investor should consult with its own investment, accounting, legal and tax advisers to evaluate independently the risks, consequences and suitability of that investment. SG disclaims any and all liability relating to any investor reliance on the accuracy of the information contained herein or relating to any omissions or errors and as such disclaims any and all losses that may result.

Post Navigation