Gold researcher Koos Jansen reports tonight that the U.S. Mint has provided him with some documents in response to his freedom-of-information request for documents related to audits of the U.S. gold reserve but the documents provided are incomplete, redacted, and hundreds of pages short of the number of pages he was told were involved for which he was charged, and so the Mint has refunded his payment.
The Financial Times has a less than stellar reputation when it comes to ‘balanced’ reporting about precious metals – E.D.
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“Open vaults”? Hardly. The LBMA will issue reports that no independent auditor will be permitted to check and confirm. Those reports will not account for gold swaps and leases with central banks and other bullion banks that allow gold to be counted multiple times. And the data will be three months old besides. These failings are obvious but, being a mere public-relations agency for the financial industry, the Financial Times can’t bring itself to question them. It’s all pathetic but this at least shows that the gold gangsters are getting nervous. – Chris Powell, Secretary/Treasurer of the Gold Anti-Trust Action Committee.
In the wake of the Deutsche Bank precious metals manipulation settlement, we have not heard a peep out of the World Gold Council regarding the pervasive manipulation of the industry this trade association claims to represent. As for mining company CEOs, on balance they’re AWOL, too.
Did the banking interests behind gold manipulation just freak-out?
In a two-part interview with King World News, GoldMoney founder and GATA consultant James Turk predicts that a Trump administration in the United States will be forced into running more big deficits financed by money printing and that this will damage the dollar but that returning to a gold standard with a much higher gold price would restore prosperity and stability.
Ken Ameduri of Crush The Street today interviews GATA Chairman Bill Murphy about silver’s threat to the central bank gold price suppression scheme.
The interview covers the risks of the world monetary system, changes in the procedures of the daily gold price fixing in London, the use of the derivative market to control monetary metals prices, and the refusal of mainstream financial news organizations to report central bank intervention in the markets.
Zero Hedge today summarizes developments in what seems to be the default of a bank-backed commodity fund in Germany to deliver gold to investors as was promised. Zero Hedge’s report is headlined “Deutsche Bank Tries to Explain Why It Did Not Deliver Physical Gold, Fails” – Chris Powell
Silver market analyst Ted Butler writes today that the futures markets for commodities in the United States now are so much bigger than their corresponding physical markets that they are controlling prices without regard to supply and demand for the real stuff.
TND Editor’s Note: In all likelihood, the information will be interesting not so much for what it directly discloses, but what can be seen by reading between the lines and noting what isn’t disclosed or, redacted.