Loading ...“Fractional reserve” basis of the LBMA primer By Paul Mylchreest
Please take some time to read the following if you want to understand the LBMA and how it operates:
https://www.hardmanandco.com/wp-content/uploads/2020/01/Gold-Hardman-Jan-2020.pdf
And for just a quick but very interesting read, see the Case Study on page 43 titled: Case study: False gold bear marketof October 2012-December 2015.
It beautifully documents gold flows and shows how the LBMA almost ran out of gold, while the price was declining the entire time of the case study. It makes you realize how bad the money masters want people out of gold and into fiat, and now how close we are to breaking out and above the old high’s in the near future. Will they try to play the same manipulation play again, and will they be able to the way things are going in the world?
Enjoy.
Yes I took time to read. It is the best article on gold.
Fully it should be on Side bar for members to visit time to tiem.
Specially pages 15 to 16. On Yield curve, Real interest rate, FED rate increase.
Talks about GOFO going negative. Backwardation- Despite gold stayed in bear trend
It is no longer a free market price discovery for gold based on supply/demand.
“A recession within two years has followed an inversion in the US yield curve in every
case, except one, since 1995. The closely followed 2s10s (two-year/10-year) yield
curve followed the 3s5s into inversion nine months later on 14 August 2019, although
it is currently 22bps away from inversion. ”
Follow Yield curve???
But article does not shed any light on how Gold to Silver ratio behaves. The ratio has major impact on miners complex since 1900 and credit condition.
Lately that also has been bombed away.