WEEK IN REVIEW: July 13-19

Gold & Silver Newscast - Episode 3 (July 1-17)
Published Jul 18, 2015 on Goldbroker

Carli Blankenship summarizes the most recent and significant stories that happened in the gold and silver market during the last 2 weeks:

1) China plans to launch yuan gold fix by end of 2015

2) Study migration of gold from west to east continues unabated

3) For the first time since August 2009, gold is 'undervalued'

4) Gold Eagle Sales Surge On Financial Turmoil

5) For Indians, paper gold can't beat the real thing

6) 2 Factors that Could Send Gold Prices Higher

7) Gold price manipulation: Who really calls the tune?

8) U.S. Suffers Large Gold Trade Deficit Q1

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China's Gold Reserves Jump 57% in First Official Update Since 2009
Published Jul 17, 2015 on Goldbroker

The long awaited moment has finally arrived and this morning, after a 6 year delay when, China finally admitted that it had been misrepresenting its gold holdings for a very long time, when it announced that its gold holdings had increased from 38.89 million to 53.31 million troy ounces, a 57% increase

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The Elite Is Leading Greece and the World to Perdition
Published Jul 13, 2015 on Goldbroker by Egon Von Greyerz

The proposal now being put to the Greek government and parliament is a lot worse than the one which was voted down by the Greek people last Sunday. The package on offer involves another €85 billion of loans in addition to the existing €320bn.

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Gold Price Manipulation: Who Really Calls the Tune?
Published Jul 13, 2015 on Mineweb

The big gold price manipulation argument - whether it is and if so by whom?

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Comex Paper Precious Metals Open Interest is Going Parabolic
Published Jul 15, 2015 on Investment Research Dynamics

Since the end of May open interest has risen 14.23% while gold basis the stock market close has fallen 2.69%. Gold has been battered by a powerful short-selling campaign. MKS Geneva last night furnished the colorful remark: Shorts grew 12% last week to a new all time high.

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Record Gold/Silver Shorting
Published Jul 17, 2015 on Zealllc

The miserable summer for precious metals grinds on, with both gold and silver limping along near major lows. Such dismal price action has exacerbated the extreme bearishness long plaguing this sector, sparking even more capitulation. But this incredible weakness will be short-lived, as it was driven by American futures speculators' record short selling.

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Gold Eagle Sales Surge Due To Financial Turmoil
Published Jul 13, 2015 on Srsroccoreport

Something quite interesting took place on Friday last week. The U.S. Mint updated its figures showing sales of its Gold Eagles surged to a level not seen for more than a year. Sales of Gold Eagles have been strong ever since the financial turmoil in Europe increased significantly with the threat of a Greek Exit.

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Debt is The Barbarous Relic. Not Gold.
Published Jul 16, 2015 on SOVEREIGN MAN

July 16, 2015 Kunming, China "The first form of culture," wrote historian Will Durant, "is agriculture." And he was right. When human beings discovered 10,000 years ago that the soil would provide more food than they could possibly eat, this changed everything. For the first time

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Texas Launches Gold-backed Bank, Challenging Federal Reserve
Published Jul 15, 2015 on Thenewamerican

The State of Texas is setting up a gold-backed bank that will allow depositors to bypass the controversial Federal Reserve System and its fiat currency in banking and commerce, according to the state representative who authored the recently enacted law.

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Greek Banks to Stay Shut For Now, Finance Ministry Says
Published Jul 13, 2015 on Reuters

Athens secured a bailout deal with its creditors overnight but the government must now push a series of reform laws through parliament within days for the agreement to stick. Capital controls are still in place, Greek banks are shut and withdrawals from cash machines rationed. "The bank holiday will be extended," the official said.

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