Advertise | Bookmark | Contact Us | E-Mail List |  | Update Page | UraniumSeek.com 

Commentary : Gold Review : Markets : News Wire : Quotes : Silver : Stocks - Main Page 

 GoldSeek.com >> News >> Story  Disclaimer 
 
Latest Headlines

GLD Update…Breakdown?
By: Rambus

How To Settle Down Your FOMO In Mining Stocks
By: Avi Gilburt

Why Gold Ain’t Goin’ Anywhere Anytime Soon: Revisited
By: Mickey Fulp

When Distribution Quacks Like a Duck
By: Rick Ackerman

Asian Metals Market Update: June 20 2018
By: Chintan Karnani, Insignia Consultants

Gold Seeker Closing Report: Gold and Silver Find Slight Losses Again
By: Chris Mullen, Gold Seeker Report

Ira Epstein's Metals Video 6 19 2018
By: Ira Epstein

Gold: Will Goyal Make It Royal?
By: Stewart Thomson

Jack Chan Unwraps Trend Reversal and Long Consolidation
By: Jack Chan

Abraplata Resource Corp. (TSX-V: ABRA): Further Drilling Expands Known Mineralization, On the Path to Delivering a Construction Ready Project in Argentina
By: Nicholas LePan, GoldSeek.com

 
Search

GoldSeek Web

 
Futures exchange operator details discounts for secret trading by central banks

By: Chris Powell

 -- Published: Sunday, 21 January 2018 | Print  | Disqus 

Dear Friend of GATA and Gold:

Central banks and governments that are secretly trading futures contracts in the United States on CME Group exchanges qualify for discounts ranging from 7 percent for two-year U.S. Treasury futures to 15 percent for gold and silver futures to 60 percent for Eurodollar futures.

Central banks and governments receiving these trading discounts cannot trade directly but must use CME Group clearing member firms for their trades, raising the question of whether those clearing members are able to trade for their own accounts on the basis of inside information from central banks, creators of infinite money.

These details of the secret futures trading by central banks and governments are contained in a CME Group memorandum describing the discounts and posted at the CME Group's internet site last month --

https://www.cmegroup.com/company/membership/files/CBIPFAQ.pdf

-- and copied to GATA's internet site just in case:

http://www.gata.org/files/CMEGroupCBIP-Q&A-December2017.pdf

The trading discounts, according to the memorandum, are available to "a non-U.S. central bank, multilateral development bank, multilateral financial institution, sub-regional bank, aid coordination group, or an international organization of central banks."

These terms apparently would not exclude the U.S. Treasury Department or Federal Reserve if they acted through the U.S. government's membership in international organizations like the Bank for International Settlements, International Monetary Fund, or the World Bank or through other central banks.

Indeed, last month an official of the Federal Reserve Bank of New York celebrated a century of cooperation by central banks in secretly rigging markets throughout the world:

http://www.gata.org/node/17966

The futures trading discounts extended by CME Group to governments and central banks were disclosed in 2014 by Eric Scott Hunsader of the market data firm Nanex in Winnetka, Illinois, through his research into CME Group's filings with the U.S. Securities and Exchange Commission and Commodity Futures Trading Commission:

http://www.gata.org/node/14385

http://www.gata.org/node/14411

But last month's CME Group memorandum discloses details that seem new, starting with the percentage discounts provided and the requirement that central banks conduct their secret trading through intermediary firms associated with CME Group.

The memorandum was called to GATA's attention by James Anderson of SD Bullion in Ottawa Lake, Michigan, who interviewed your secretary/treasurer for SilverDoctors.com on Friday:

http://www.gata.org/node/17971

Documentation of this secret trading in futures markets by governments and central banks has been provided by GATA to mainstream financial news organizations but they refuse to report it or to question governments and central banks about it.

Since governments and central banks have the power to create infinite money, they easily can become bigger than any market and the ordinary functioning of markets cannot be relied upon to defeat them. Only fearless journalism by large financial news organizations might do that.

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org

* * *

Join GATA here:

Vancouver Resource Investment Conference
Sunday-Monday, January 21-22, 2018
Vancouver Convention Centre West
Vancouver, British Columbia, Canada
https://cambridgehouse.com/e/vancouver-resource-investment-conference-20...

GATA Reception
Lions Pub
888 West Cordova St., Vancouver, British Columbia, Canada
5-7 p.m. Monday, January 22, 2018

Mining Investment Asia
Monday-Wednesday, March 26-28, 2018
Marina Bay Sands, Singapore
https://www.mininginvestmentasia.com/

Mines and Money Asia
Tuesday-Friday, April 3-6, 2017
Hong Kong Convention and Exhibition Centre
https://asia.minesandmoney.com/

* * *

Help keep GATA going

GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:

http://www.gata.org

To contribute to GATA, please visit:

http://www.gata.org/node/16

 


| Digg This Article
 -- Published: Sunday, 21 January 2018 | E-Mail  | Print  | Source: GoldSeek.com

comments powered by Disqus



 



Increase Text SizeDecrease Text SizeE-mail Link of Current PagePrinter Friendly PageReturn to GoldSeek.com

 news.goldseek.com >> Story

E-mail Page  | Print  | Disclaimer 


© 1995 - 2018



GoldSeek.com Supports Kiva.org

© GoldSeek.com, Gold Seek LLC

The content on this site is protected by U.S. and international copyright laws and is the property of GoldSeek.com and/or the providers of the content under license. By "content" we mean any information, mode of expression, or other materials and services found on GoldSeek.com. This includes editorials, news, our writings, graphics, and any and all other features found on the site. Please contact us for any further information.

Live GoldSeek Visitor Map | Disclaimer

The views contained here may not represent the views of GoldSeek.com, its affiliates or advertisers. GoldSeek.com makes no representation, warranty or guarantee as to the accuracy or completeness of the information (including news, editorials, prices, statistics, analyses and the like) provided through its service. Any copying, reproduction and/or redistribution of any of the documents, data, content or materials contained on or within this website, without the express written consent of GoldSeek.com, is strictly prohibited. In no event shall GoldSeek.com or its affiliates be liable to any person for any decision made or action taken in reliance upon the information provided herein.