When The CIA Suspected Gold Market Manipulation

CIA logo

Recently Declassified CIA Documents Show Concern Over Gold Manipulation. Gold Sales From South Africa to the IMF Were Noted. CIA Comments on the Birth of the SDR and its Purpose As a Gold Substitute. Recently De-Classified CIA “SECRET” Documents Reveal Observations on the Gold Market* The documents discussed below were classified as “SECRET”. Secret is Read More →

Markets Prepare For Trump Turmoil

Desert Dust Devil

With Inauguration Looming, Trump Administration Policies Uncertain. Gold and Silver Prices Rise/Gold ETF Inflows Dry Up. U.S. Mint Reports Strong First Week Gold and Silver Sales. Press Conference Decorum Top stories of the week- Trump calls “fake news” on CNN at press conference; refers to Buzzfeed as a failing pile of garbage. Celebrities record “I Read More →

Indian Gold Imports – The Rise Before the Fall

Indian Gold Imports 1999 - 2016 November

November 2016 Indian Gold Imports Rose 28% From October; up 9% Year Over Year. Indian Gold Imports Rose in Midst of Gold Giving Season and During Shock Rupee Demonetization Announcement. Rupee Demonetization Makes Gold Attractive for Indians, but also a Target for Indian Government Removal of Cash From Circulation Curbs Further Gold Sales; 10% Import Read More →

No Boost in Indian Silver Imports From Rupee Demonetization

Indian Monthly Silver Imports August 2014 - November 2016

November 2016 Indian Silver Imports Were 324.2 Tons (approximately 10.416 million ounces) Indian Silver Imports Were down 1.6% from 319 Tons (10.256 million ounces) in October. Silver imports were down 49% from 610 tons (19.61 million ounces) imported in November 2015. Will India’s demonetization and “war on gold” lead to greater silver demand in India? Read More →

US Mint Reports 15% Increase In First Day American Gold Eagle Sales

January sales of American Gold Eagle sales 1987 - 2017

American Gold Eagle Sales Remain Elevated to Start 2017. U.S. Mint Sells 46,000 One Ounce American Gold Eagles on First Day of 2017. Sales of One Ounce American Gold Eagle Coins on the First Day of 2017 were 15% Higher than First Day of 2016. First Day 2017 sales of American Gold Eagles were higher Read More →

US Mint Reports 35% Increase In First Day American Silver Eagle Sales

American Silver Eagle Sales in January 1897 - 2017

American Silver Eagle Sales Spike Out of the Gate in 2017. U.S. Mint Sells 3,747,500 American Silver Eagles on First Day of 2017. Sales of American Silver Eagle Coins on the First Day of 2017 were 35% Higher than First Day of 2016. First Day 2017 sales of American Silver Eagles were higher than total Read More →

Shanghai Gold Exchange Withdrawals Fall 24% in 2016

Shanghai Gold Exchange Withdrawals - 2008 - 2016

Shanghai Gold Exchange Withdrawals Fell 23.5% in 2016 to 1,970 tons from 2576 tons in 2015. Shanghai Gold Exchange December 2016 withdrawals were 196.368 tonnes down 14% from 228.216 tons withdrawn in December 2015. November 2016 was the only month of 2016 that gold withdrawals rose on a year over year comparable month basis. Donate Read More →

What is the Real Purpose of the Gold Futures Market? – Podcast

notional futures gold daily trading

Wikileaks 1974 Cable Reveals Purpose of Creation of Gold Futures Market. Top economic stories of the week: Wilikeaks 1974 cable confirming the intent of the creation of a gold futures market prior to the legalization of gold at the end of 1974. 1933: gold ownership banned (FDR executive order 6102) 1944: Bretton Woods Agreement (established Read More →

People’s Bank of China Adds 80 Tons of Gold to Reserves in 2016

PBOC US treasury holdings October 2015 - October 2016

Peoples Bank of China Adds 80.203 Tons of Gold to Reserves in 2016. The People’s Bank of China Added No Gold to Reserves in November or December 2016. Total reported People’s Bank of China gold reserves stand at 1842.56 tonnes. Gold Acquisition Halted For Second Month in a Row as Chinese Foreign Reserves Fall by Read More →

Perth Mint Silver Sales Set Record in 2016

Perth mint silver sales December 2015 - December 2016

Silver sales at the Perth Mint in 2016 were 12,236,772 ounces up 3.9% from 2015 silver sales of 11,775,927 ounces. December Perth Mint silver sales of 430,009 ounces were down 56.3% from 984,622 ounces sold in November. Silver sales at the Perth Mint in December were down 60.3% year over year from December 2015 sales Read More →