Tag Archives: Comex

Interview with David Morgan: Part I of II The past year has been a remarkably interesting time for precious metals and especially for silver. The metal had spent many years in the shadow of its “big brother”, but it made an impressive, roaring comeback that grabbed headlines and mainstream interest.  As can be expected, this attracted a lot of new investors to silver and many first-time buyers. For those of us who understand the importance of physical precious metals this was a...

The first day of each month sees the reporting of a number of statistics about the London Gold Market by the bullion bank led London Bullion Market Association (LBMA). These statistics focus on clearing data and vault holdings data and are reported in a 1 month lag basis for clearing activity and a 3 month lag basis for vault holdings data. Therefore the latest clearing data just published is for the month of August,...

Following news coverage of the charging of five precious metals traders and three banks in January, Commodities Futures Trading Commission and Department of Justice documents reveal a global criminal cabal of 16 traders operating in at least four major financial institutions between 2008 and 2015 to defraud COMEX gold and silver futures markets. Of the many examples published, one reveals a UBS AG precious metals...