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

JPMorgan Chase Trader Pleads Guilty to Gold Manipulation, Turns State's Evidence
By: Clint Siegner

SWOT Analysis: China Demand on the Rise
By: Frank Holmes

Gold Inflation
By: Steven Saville

Prices When Gold Is Money
By: Alasdair Macleod

Technical Scoop - Weekend Update November 12 2018
By: David Chapman

Warning: Precious Metals’ Prices are about to Collapse
By: Przemyslaw Radomski, CFA

Yet Another Trillion-Dollar Unfunded Liability, California Wildfires Edition
By: John Rubino

Global GDP Still Propped Up By A Massive Amount Of Debt
By: Steve St. Angelo

Asian Metals Market Update: Nov 12 2018
By: Chintan Karnani, Insignia Consultants

Gold Seeker Weekly Wrap-Up: Gold and Silver Fall Almost 2% and 4% on the Week
By: Chris Mullen, Gold Seeker Report

 
Search

GoldSeek Web

 
Blight on Humanity Addendum



-- Posted Thursday, 15 October 2009 | | Source: GoldSeek.com

By: Rob Kirby

 

Earlier this week, I wrote about possible “incongruities” in the gold bar registry of GLD.  Specifically, here is what has happened to the GLD bar list which is published each Friday at approximately 4:30 pm EST.  An alert reader I communicate with [who shall remain anonymous] has been documenting the length of the published GLD bar list:

 

-                      on Friday, Sept. 25 – the list was 1,381 pages long

-                      on Friday, Oct. 2 – the list was 208 pages long

-                      on Friday, Oct. 9 – the list was 195 pages long

-                      then, on Wednesday, Oct. 14 – after questions were being raised about the strange machinations with the bar list in chat rooms on the internet – the list was back up to 855 pages long

 

Something TRULY stinks here. No explanation has been offered for the DRAMATIC swings in this list. Where gold is concerned nothing happens by accident.

 

How Precious is Settled in London:

 

Loco London clearing is the daily paper unallocated transfers between London clearers; the transfers of gold and silver only across accounts held between clearers for their own accounts and third parties; and, as mentioned earlier, the clearing out of Zürich for the platinum group metals. It avoids security risk and the cost of physical movement of bullion; has standard market practices…

 

[However] Both allocated and unallocated account agreements are available. There are allocations for credit purposes, bilateral credit agreements between clearers, and London good delivery….

 

Some short definitions: an unallocated account is an account where specific bars are not set aside, and the customer has a general entitlement to the metal. This is the most convenient, cheapest, and most commonly used method of holding metal. The allocated account, on the other hand, is an account opened when a customer requires metal to be physically segregated, and this needs a detailed list of weights and assays….

 

To Summarize:

 

-        GLD gold bullion inventory is principally held in London

-        I’ve already written about some large [allocated] physical transactions that were settled last week in London under VERY strange circumstances indicative of a shortage of physical gold bullion for good delivery.

-        At the same time, significant irregularities appeared in the GLD bullion bar list

 

Conclusion:

 

-        is the correlated timing of these unusual events a coincidence????  Could GLD inventory have been utilized to effect these physical settlements, which in turn, would have required the “sanitization” or doctoring of the GLD bar list to avoid MANY obvious, easily detectable, duplications of bar numbers?

 

I discussed these irregularities with a very informed source [the same one who informed me of specific [allocated] trades settled last week] and the reply I received was as follows:

 

          “What can I tell you that you don't already know?

 

They are all scrambling big time since a number of large interests have demanded audits.  Independent auditors are NOW descending onto the various vaults to verify, validate and certify.

 

They can move this as many times in circles as they like to try to fool people.

 

In an Asian depository they’ve found “Good Delivery” bricks that had been gutted and filled with tungsten.

 

Soon, there will be xxxx hitting the fan all over place.”

 

These circumstances suggest that a VERY REAL physical short squeeze is in progress RIGHT NOW and a gang of fraudsters from “fiat-crack-houses” [Central Banks] are attempting to finesse their losing over-sold hand in an elaborate Three-card Monty.  With reports of independent physical audits now being conducted and mysterious happenings with GLD’s bar list – GLD has NEVER looked more suspect.

 

Hope you’ve all got some physical gold already.

 

Rob Kirby is proprietor of Kirbyanalytics.com and sales agent for Bullion Custodial Services.  Subscribers to the Kirbyanalytics newsletter can look forward to a weekend publication analyzing many recent global geo-political events and more.  Subscribe to Kirbyanalytics news letter here.  Buy physical gold, silver or platinum bullion here.


-- Posted Thursday, 15 October 2009 | Digg This Article | Source: GoldSeek.com




 



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.