WEEK IN REVIEW: July 21-27

Above-ground Gold Stock - How Much Is There and Why Does it Matter?
Published Jul 21, 2014 on Goldbroker by Dan Popescu

To understand the price of gold, the relevant supply is the total supply, not the new supply coming to market during the last year, week or month. The supply of gold consists of all of the supply that exists, and the relevant demand is the total demand, not the new demand coming to market during any year. For gold, there is always a large stockpile, and it never gets smaller.

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The Great Manipulation of Financial Markets Seems to be Reaching its Limits
Published Jul 25, 2014 on Goldbroker

The great manipulation of financial markets seems to be reaching its limits; bubbles are at their highest, and so are risks. The central banks’ money printing machines, along with interest rates kept on the floor, are working perfectly well: The yields on sovereign bonds are at historical lows in the United States, Germany, the UK and France. They, in fact, are working too well: those bonds do not even match the inflation rate, an obvious sign of a bubble.

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Total Value Of All The Gold In The World
Published Jul 25, 2014 on Goldbroker

Two charts which show the appreciation in value of gold the last 40 years.

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Secular Cycles: Dow vs Gold
Published Jul 22, 2014 on Goldbroker

Scatterplot charts showing the relationship between the Dow Industrials Index & Gold for the last 200 years. (A surrogate index is used for the Dow prior to 1896.)

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Deutsche Bank, HSBC Accused of Silver Fix Manipulation
Published Jul 26, 2014 on Bloomberg

Deutsche Bank AG (DBK), HSBC Holdings Plc (HSBA) and Bank of Nova Scotia were accused in a lawsuit of manipulating the price of billions of dollars in silver, an allegation similar to earlier suits involving the London gold fix.

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A Chinese Gold Standard?
Published Jul 24, 2014 on Nytimes

While the 70th anniversary of D-Day last month received a lot of attention, another event, in July 1944 - the Bretton Woods conference, named for the mountain resort in New Hampshire where it was held - was perhaps even more significant in shaping the modern world.

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Gold's Strong Season Starts
Published Jul 25, 2014 on Zealllc

Gold's Strong Season Starts Adam Hamilton July 25, 2014 2861 Words Gold's strong season is just getting underway, with this metal's summer-doldrums seasonal low in place. The past couple months' stiff headwinds are starting to shift to fierce tailwinds, thanks to Asian demand ramping up heading into autumn.

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The TRUTH about China's Massive Gold Hoard
Published Jul 22, 2014 on Caseyresearch

I don't want to say that mainstream analysts are stupid when it comes to China's gold habits, but I did look up how to say that word in Chinese... One report claims, for example, that gold demand in China is down because the yuan has fallen and made the metal more expensive in the country.

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China Secures Venezulan Oil and Gold Deals, as President Visits L.America
Published Jul 22, 2014 on Rt

Chinese President Xi Jinping has signed a row of oil and mineral deals with Venezuela. The Chinese leader is on a four-country tour of Latin America aimed to increasing influence in the region. The 38 economic agreements are related to the production and development of Venezuelan oil and agriculture, as well as social and cultural expansion, says the BBC.

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"London Fix" Gold Rigging By Bullion Bank Exposed In Class Action Lawsuit: The Complete Charts
Published Jul 26, 2014 on Zerohedge

While the allegations in the lawsuit are well-known to frequent (and all other) readers of Zero Hedge, we recommend reading the full filing as it explains in clear English just what the fixing process worked.

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