Our old pal, Ned, stopped by Turdville yesterday for a wide-ranging discussion which included:
- The new German "gold price manipulation investigation" which, as noted on Friday, has been widened to include Deutsche Bank (https://www.reuters.com/article/2013/12/13/metals-probe-deutschebank-idU...)
- Empirical data which illustrates these ongoing schemes
- The new, Asian physical gold exchanges
During the podcast, Ned mentions some great new charts provided by Grant Williams out of Singapore. Grant's entire report can be found here and I strongly encourage you to read it: https://www.mauldineconomics.com/ttmygh/. The section of the report that really got Ned's attention is copied below, along with the charts that Grant included:
Last week's edition of Things That Make You Go Hmmm..., "Twisted (By The Pool)," was missing three charts that would have driven the point home like a piledriver. They include two of my favourite charts, and I have referenced them many times.
This time I simply forgot to include them.
Luckily, my buddy Nick Laird is far more on his game than I am, and he pinged me immediately to point out my oversight and then kindly updated the charts for me.
I include them here once again and offer my thanks to Nick for his generosity.
I have said it before, and I'll say it again — if you follow gold and silver, you absolutely need to be familiar with Nick's wonderful website, www.sharelynx.com. It is by far the best repository of precious metals charts anywhere in the world.
So, without further ado, I give you the charts of the 5-year average intraday movement in gold, the LBMA intraday gold fix, and the LBMA overnight gold fix.
Please pay careful attention to these charts. They speak volumes.
Ned and I hereby invite any and all members of the "No Manipulation Club" to explain how these charts are possible in a free and fair market.
Have a great day and enjoy the podcast.