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WTI Surges Above $51 After Unexpected Crude Inventory Draw
Seasonally, expectations are for continued builds in inventories (following last week's biggest build in 6 months) but API reported a massive 3.8mm drawdown (against 2.1mm build expectations) sending...
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The London Gold Market - too fragmented?
Will the London Gold Market Self Destruct?London Gold Market has been unchallenged for nearly 100 yearsSo opaque that quotes of its $5 trillion size are estimatesFive new offerings are set to appear in...
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Indian Currency Crashes To Record Low As Cash Exchange Of Old Notes Suspended
It appears the social unrest, economic collapse, and currency crisis sparked by Indian PM Modi's decision to demonetize "corrupt" high-denomination bank-notes was not enough.As the Rupee crashed to a...
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Q1 – Q3 2016 China Net Gold Import Hits 905 Tonnes
Submitted by Koos Jansen from BullionStar.comWithdrawals from the vaults of the Shanghai Gold Exchange, which can be used as a proxy for Chinese wholesale gold demand, reached 1,406 tonnes in the first...
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"Metals Traders On Red Alert" - Chinese Commodity Bubble 2.0 Just Imploded
Industrial metals commodity prices plunged by the most since March in the last 2 days as China’s exchanges (once again) clamped down on speculation by tightening trading rules. As Bloomberg reports,...
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What Is Blockchain and How Will It Change Your Life?
Blockchain technology - What is it?Latest developments - Royal Mint Gold & CME, Goldman Sachs and SantanderWhy do we need it? It’s about valueBlockchain is an extension of economicsBlockchain...
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Bullion Banking: Part I - The Mechanics and the Players
Submitted by Ronan Manly, BullionStar.com IntroductionWhen discussing bullion banking mechanics, it’s important to understand what a bullion bank actually is, and what activities bullion banks engage...
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Gold In London And Hong Kong Is Used To Settle COMEX Futures
Physical gold located in Hong Kong and London is used to settle COMEX gold futures contracts through “Exchange For Physical” trading in the over-the-counter market.This post is a sequel to...
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Silver Smoking Gun to Stop Dishonest Dealing
By Bron SucheckiLast week ZeroHedge reported on the amended London Silver Fixing Antitrust Litigation which included damaging chat logs provided by Deutsche Bank that reveal collusion between bullion...
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Royal Mint And CME Make A Mint On The Blockchain?
Royal Mint And CME Make A Mint On The Blockchain?The last fortnight has been an exciting one in the gold and blockchain space. Earlier this week Euroclear and Paxos announced that a group which...
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China’s Gold Market Opens Up To Boost RMB Internationalization
Last week the Shanghai Gold Exchange (SGE) launched a new English website to offer international customers more information and tools on trading gold in renminbi through its subsidiary in the Shanghai...
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What 12 'Financial Experts' Predict For The Economy in 2017 (Spoiler Alert:...
Submitted by Daisy Luther via The Organic Prepper blog,What lies ahead for the economy this year? Will the economy finally collapse as predicted by many or will the early positive signs in stock...
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China's Bitcoin Exchanges Suspend Margin Trading
China's bitcoin traders who use the most popular bitcoin exchange not only in China, but also the entire world, BTCChina, were met with an unexpected warning on Friday: Starting from January 12th,...
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Why A Bitcoin ETF May Not Be Coming Any Time Soon
When it comes to the future of bitcoin, the "holy grail" has emerged as becoming the first to have a bitcoin ETF approved by the SEC. Over three years ago, in 2013, the company of the Winklevoss twins,...
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JPM Silver Rigging Case Back in Court
Appeals Court Overturns Dismissal in JP Morgan Silver Rigging CaseUS Appeals Court overturns Dismissal in Silver Rigging Case against JPMorgan.The Appeals court rejected Judge Engelmeyer’s claim that...
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Lame start for new London Gold Futures Contracts
Submitted by Ronan Manly, BullionStar.comThe second half of 2016 saw announcements by three exchange providers for plans to compete in the London Gold Market through offerings of exchange-traded London...
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Will Japan's Declaration of Bitcoin as Legal Tender Accelerate Cryptocurrency...
It’s being reported by Sputnik News and other sources that Japan has declared Bitcoin to be legal tender. Unfortunately, I have not been able to quickly confirm this through Japanese sources. The use...
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In Direct Contravention to the Positive Proclamations of the EC & IMF, Italy...
I've been warning about Italy's troubled banks since 2010, and last year I pushed two very detailed reports about what was essentially Italy's Bear Stearns and Lehman Brothers. Italy is a mess and the...
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45 Trillion Reasons Why Gary Cohn Has Recused Himself From All Goldman Matters
Goldman's former President and COO, who was recently picked to be Trump's chief economic advisor as head of the National Economic Council, will recuse himself from any matters directly involving his...
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LME Hands Gold Banks License to Print Money
The Banks Will Not Be Denied Franchises and are Buying Into Exchangeswritten by Soren K. for MarketSlantThe US Government has essentially declared war on the OTC markets. This is the banking industry...
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