COMEX

The gold rally that began on Dec. 15, 2016, is poised to continue despite the trauma of the flash crash. The crash represents a gift to investors. We now have a better entry point for what will still be much higher gold prices later this year.

A well-known coffee company says, “Respect the bean”. That may be good advice, but I think it’s vastly more important for gold and silver bugs to “Respect the bar”!

One/some/several “entities” decided at 9:38 a.m. this morning that it was necessary to dump 14,315 contracts of paper gold. This is just the August contract. In total a lot more was unloaded. This represents 1.43 million ozs of gold.

Is there gold price manipulation going on? Absolutely. There’s no question about it. Now, where is the manipulation coming from?

The best time to buy an asset is when it is unloved and undervalued like gold and silver were in the early 2000s. What few investors realise is that the current levels of gold and silver, when real inflation is taken into account, are very similar to where the metals were in 2000-2002.

For the third consecutive time since the tightening cycle began in December 2015, gold rallied on the back of a Fed hike.

Seems to me the world is ready to hyperinflate into gold. After all, all currencies have already hyperinflated in the financial world.

After a challenging Q4 in 2016 in a context of rising bond yields and a stronger US dollar, gold seems to be getting its shine back in Q1.

A cache of documents from Deutsche Bank AG include what a group of silver investors claim is a “smoking gun”: private electronic chats showing traders from numerous banks conspiring to rig prices from 2007 to 2013, according to a court filing in New York last week. The bank provided the documents...

Traders and submitters were captured coordinating trades in advance of a daily phone call, manipulating the spot market for silver, conspiring to fix the spread on silver offered to customers and using illegal strategies to rig prices.