Making The LBMA Obsolete

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We all know that the current, LBMA system is broken, arcane and in need of modernization. Into this void steps a company called Bullion Capital with a new, wholesale metals exchange designed to rival and, ultimately, circumvent the LBMA. In this interview, the CEO of Bullion Capital, Tom Coughlin, addresses how this new exchange will operate and why it has the potential to be such a game-changer.

After years of development, this new wholesale exchange will finally be ready for rollout in April. In his first public interview, Tom Coughlin addresses many of the questions surrounding this project and sheds light upon how the exchange will function and what makes it such a threat to the Bullion Bank status quo. Among the topics covered:

  • How will this exchange differ from the existing LBMA structure?
  • The ability of the exchange to provide a disruptive technology that allows users to entirely circumvent the LBMA.
  • In stark contrast to the LBMA, the anonymity that this new exchange gives market participants, thereby eliminating the possibility of bullion bank front-running of orders.
  • The global network of vaulting and settlement facilities, in place from day one, which allow the exchange to function on a 100%, fully allocated framework.

It was a great pleasure to visit with Tom and a real honor that he would utilize TFMR to begin spreading the word about this new exchange. Once the exchange goes "live" next month, I hope to have Tom back on for an update and status report. Until then, please give this interview a thorough listen and recognize that great strides are being made in our fight against the existing, highly-leveraged and unallocated system of price discovery.

TF

  159 Comments

AIJ · Mar 15, 2015 - 10:43am

McHugh

Friday the 20th to be an interesting day.. Maybe?

"We got a new Hindenburg Omen Observation Friday, March 13th, 2015. This means we need just one more observation over the next 30 days to have our third official Hindenburg Omen potential stock market crash signal contemporaneously on the clock. This is happening at the same time prices have completed two different Jaws of Death patterns, one huge from 1988, the other large from mid-2014.

Further, we are about to see a series of cycle turns occur simultaneously over the next 30 trading days, which include a Fibonacci Cluster turn window with 10 observations. Within this 30 trading day period are a number of very unusual astrological events, which can affect markets. In the past, we have pointed out that major trend turns often come around the spring equinox, which this year arrives within the above Fibonacci Cluster, on March 20th, 2015. Within this cluster turn period we also have a rare Total Solar eclipse (also on March 20th, 2015), the first day of the Hebrew calendar, (Nissan 1, evening also on March 20th), and a New Moon on March 20th. ; March 20th is also a quadruple witching hour on Wall Street, an options and futures expiration date. Also within this Fibonacci cluster turn period, on April 1st, 2015 is a phi mate turn date, and on April 4th we see a Bradley model turn date, which is also Passover, and also has a Full Moon - not just any Full Moon, but a Blood Moon, the third of four in the 2014-2015 tetrad, a very rare event, that has the additional extremely rare occurrence that all four of these Blood Moons fall on the Hebrew Holy days of Passover and the Feast of Tabernacles (Genesis 1:14). Something big is about to change."

flyinkel · Mar 15, 2015 - 10:54am

Quite good if you have the time

https://www.darkjournalist.com/

Katherine Austin Fitts Economic Crash Up. Quite good if you have the time. Was originally posted in DOTS by Karankawa. Moving War from the physical form to the digital one, and problems with the centralization team and how "Mr Global" has robbed you blind, is very concerned, but is also the wave of the future. She is well spoken, ties up many loose ends, and presents many relevant facts as well as "been there, done that" reflections.

While I don't agree with her conclusions 100%, she certainly provides food for thought.

"I am willing to align with Mr Global" certainly gives the listener pause.

One interesting take, she postulates Monsanto possibly wants to control the seeds and make them GMO not necessarily to create cancer revenue, but to control population growth because by the 2nd generation you see sky rocketing infertility rates.

Dr. P. Metals · Mar 15, 2015 - 11:02am

@AUAG

Re : "Blood Moons fall on the Hebrew Holy days of Passover and the Feast of Tabernacles"

The fact full moons tie to Jewish holidays is not the rare part, that's normal and it's the other way around (holidays follow full moons and lunar cycles, not the other way around). Trying to shine light on the part of extra fear in the post above that is unwarranted sensationalism that gets repeated (mostly unknowingly and unintentionally) and never challenged. The "red moons" part is rarer yes. A certain group of people also like to use those events as cover for their pre PLANNED activities also.

Dr. P. Metals · Mar 15, 2015 - 11:08am

@Silver66

NOW you totally get it. Amen. I hope everyone starts doing that. It will change the "gold" discussion on everything if done. It will start to shine a light on this fake paper marketing fraud creation. It may help save a few from making the mistake of trusting in it. You will soon realize just how little you/we actually really read on/about REAL gold! Almost nothing.

Ps it reads better when you substitute "Fuzz Balls" for gold however lol and that may make the nonsense stand out even more as I suggested. and in all reality, Fuzz Balls are worth about the same as paper gold in the long run. laugh

silverwhere · Mar 15, 2015 - 12:51pm

the US emperor has no clothes

the US emperor has no clothes

When everyone’s behind a broke down North American vehicle, heads down, pushing & pushing as hard as they can, is anyone out in front of said vehicle gauging the size of the fast-approaching cliff?

Oh sure there’s been dollar strength... Said differently, there’s been weakness in other currencies (specifically those that are components of the USDX; especially the euro). However, do not fall prey to the fraudulent fiat hypnotists. The US dollar WILL fall. WHEN it does, look out below.

Some great background from David Morgan (March 2014, thanks Orange), starting at about 2:45 mins here:

David Morgan: $100 Silver, Dollar Collapse, G20 Warning, Gold and Silver Will Be Global Phenomenon

Morgan’s calls were early in time but the story WILL most likely unfold as per his late fall 2015 & into 2016 timeline. Prepare NOW folks.

Also, some classic James Rickards (from March 2014 as well) at 4:13 mins: “From 1977 to 1981 we had 50% inflation – 5 – 0. The dollar lost half its purchasing power in 5 years. That is borderline hyperinflation.”

So where will you be five years from now? This is must-listen stuff:

James Rickards-Dollar Going to Collapse 80% or 90% or More

Qs. Is it possible that other countries are “helping” this US dollar appreciation? Why would they do that? Well, maybe they intend to cash out of their US dollar holdings >>> into Special Drawing Rights; alongside their US counterparts. Since Special Drawing Rights (SDRs) will be the new currency basket, essentially replacing the USDX, why not set sail for a 3-hour cruise with Ginger & Mary Ann? Right professor?

Sure you might be able to squeeze another 5 to 10% more juice out of this covert lemon but is it really worth the downside risk? Which brings us to Adam Hamilton’s latest regarding the overbought US dollar:

“ One of the best ways to measure overboughtness is by looking at a price relative to the baseline of its own 200-day moving average. Back at the USDX’s initial stock-panic peak in November 2008, it stretched to 15.8% above its 200dma. Such wildly-overbought levels were not seen again until this week, when the USDX hit 15.3% over! ”

...

“ And despite the Fed’s coming rate hikes, and the ECB’s new sovereign-bond monetizing, this wildly-overcrowded long-dollar-short-euro trade will start to unwind. It was just too big and fast, signaling too much emotion, to be sustainable. The extremely overbought US dollar is due for an imminent major correction, while the extremely oversold euro on the other side of that currency coin is due to rebound dramatically. ”

Trading the Parabolic Dollar

Adam Hamilton March 13, 2015

https://www.zealllc.com/2015/parausdx.htm

Q. If someone trips while climbing Everest how far do they fall?

YouTube video: Kenny Rogers - The Gambler (1978)

.

AIJ Dr. P. Metals · Mar 15, 2015 - 2:10pm

Dr. P. Metals

Understood,

McHugh has a PHD in Finance I believe and is more of a statistician and technical analyst. 

He uses Elliot wave analysis, cycles analysis such as Bradley model turn dates, his own proprietary modeling and Fibonacci analysis along with other types of research. His reference to astrological events is only because of the correlation that exists to such type of events. To call it "unwarranted sensationalism" is not accurate because this reference is only tangential and not the core of his method, but you are entitled to your opinion.

He makes me money which is one of the many reasons why we are here at TFMR.

SS121 · Mar 15, 2015 - 2:29pm

The King Dollar to King Silver transition

King Dollar will reign until Silver (and Gold) takes over as as the standard (King) for valuing the world's currencies.

-

Today, March 15th 2015, the USD is the strongest currency in the world.

Today, March 15th 2015, the USD is The Standard by which the rest of the world's fiat currencies are measured. 

Today, March 15th 2015, the system's silver chart controls the price of the world's physical Silver transactions.

Watch for an attempted overthrow of the USD (unpegging currencies, attempts at setting up a new currency standard)

Then watch for this to result in the failure and the death of the system's silver chart rather than the death of the USD. (attempt failed!)

Along with the death of the system's silver chart we will see the following Silver Pendulums move from their current extreme to the other extreme.

With the silver (and gold) charts dead, Silver (and Gold) will then be the free-market standard for the world's currencies.

And the transition from King Dollar to King Silver will be complete.

Only Silver and Gold are Money

Silver and Gold ALWAYS return to their monetary role.

Today, March 15th 2015, actual physical Silver can still be acquired for the price displayed on the system's silver chart which is about 15 or 20 bucks.

US Sillver Eagles 500 count

Stack it up while this opportunity lasts. Once the silver chart is dead these prices will be gone forever.

Markedtofuture silver66 · Mar 15, 2015 - 3:27pm

@silver66 Re: paper gold vs Shiny

Your absolutely right on the title of that song. Irish Finance Minister is Buying PAPER GOLD !!!

There needs to be a mandatory headline change on all articles promoting it. You have my condolences!

Here is an explorer with 5.1moz of real shiny attached to it. They are waiting it out like the rest. Share price reflects it.

https://www.nasdaq.com/article/small-mining-companies-hibernate-to-survi...

Hammer · Mar 15, 2015 - 9:10pm

China parliament backs cut in

China parliament backs cut in economic growth https://www.bbc.com/news/world-asia-31893994 That's going to sting a bit.

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