Zero Hedge

Gold: Euro, China and Goldman Sachs

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Gold fell the most in two months as the SEC’s action against Goldman Sachs (GS) spurred investors rushing out of riskier commodities and into perceived safer assets such as the U.S. dollar. Futures for June delivery slid 2% in one day to $1,136.90 an ounce……

Net Gold Commercial Positions Surge To Multi-Month High Short Exposure

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The just released CFTC Commitment of Traders indicates that the big banks increased their net short gold exposure to the highest since early 2010, hitting -292,244, a jump of -24,396, and an increase of -69,361 from two weeks prior. Also, in the week ended April 13, the outright Commercial short positions in Gold hit a … Continue reading “Net Gold Commercial Positions Surge To Multi-Month High Short Exposure”

Has The iShares Gold ETF (IAU) Been Covertly Depleted Of 90% Of Its Physical Holdings, With Banks Like JPM And Goldman Pocketing The Actual Gold?

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A few days ago we presented an interview of Harvey and Lenny Organ with King World News, in which the Organs recounted their personal visit to Canada’s only bullion bank vault – ScotiaMocatta. According to them, the vault contained roughly 89,000 ounces of gold, in the form of “210 400 oz bars, 4,000 maples, 500 … Continue reading “Has The iShares Gold ETF (IAU) Been Covertly Depleted Of 90% Of Its Physical Holdings, With Banks Like JPM And Goldman Pocketing The Actual Gold?”

US Government Issues $333 Billion Net In Marketable Debt In March, Second Biggest Ever

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In March, the US government issued a massive amount of debt: $332.8 billion – the biggest amount ever since the all time record of $545 billion raised (most of it purchased by the Fed) during the apex of the financial crisis in October 2008. The US Treasury had $12.717 trillion in debt subject to limit … Continue reading “US Government Issues $333 Billion Net In Marketable Debt In March, Second Biggest Ever”

Former Goldman Commodities Research Analyst Confirms LMBA OTC Gold Market Is “Paper Gold” Ponzi

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When we put up a link to last week’s CFTC hearing webcast little did we know that it would end up being the veritable (physical) gold mine (no pun intended) of information about what really transpires in the commodities market. First, we obtained direct evidence from Andrew Maguire (who may or may not have been … Continue reading “Former Goldman Commodities Research Analyst Confirms LMBA OTC Gold Market Is “Paper Gold” Ponzi”

CFTC Reports New Net Speculative Euro And Cable Record Shorts

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The CFTC’s latest weekly Commitment of Traders report shows that after a brief respite, potentially dictated by Goldman’s very temporary euro bullishness, the euro is back to having a record number of non-commercial futures-only positions at -74,917. This is a more than 50% increase from last week’s -46,341. As a reminder the prior euro net short record was -74,551 two weeks ago…

When to Sell Gold?

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Dylan Grice, courtesy of Zero Hedge, says not anytime soon….

Is the Federal Reserve Insolvent

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…What also seems to have escaped the public is that the Fed is now the world’s largest bank, with total assets near $2.3 trillion. We provide a weekly update of the Fed’s balance sheet and while we briefly note the liability side, our, and everyone else’s, attention, is traditionally focused on the asset side…

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