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Intraday Average Gold & Silver Price Movements. Charts by Nick Laird

Gold: Long and Short-Term Performance, Gold Price Fixing Manipulation Goes Mainstream, China Wants More Influence in Determining the Price of Gold and Silver, Amount of Derivatives in the World, Austria Demands An Audit Of Its Gold

A new signal, this time coming from large corporations distancing themselves from White House political decisions, that sanctions against Russia are ineffective : Exxon and BP are maintaining their partnership with Russia.

The Bank for International Settlements (BIS) just published a statistical study on the amount of derivatives worldwide at the end of 2013, and they reach the astronomical amount of $710 Trillions ($710,000,000,000,000).

These last few months have brought confirmation of an acceleration in geo-political and macro-economic events, and they all have mid-term implications for the precious metals markets and, more globally, on the future of the international monetary system.

With the help of a few graphs, going from the very long term to the short-term, let us look at gold and silver’s performance since the beginning of the 19th century.

The mechanism used to determine the price of gold and silver, the London fix, is under pressure and China, of course, wants to take advantage of this situation to have more to say on the way precious metals prices should be determined in the future.

Gold price fixing manipulation goes mainstream on public TV channel 3sat, a cooperation between Germany, Austria and Switzerland. The documentary exposes "an examination of gold prices reveals machinations fit for a financial thriller."

Gold vs Barron's Gold Mining Index (BGMI), Barclays Fined For Manipulating Price Of Gold, The Gold Rush In India Begins, Another Crisis Looming?, China Signs Non-Dollar Settlement Deal With Russia's Largest Bank

The Financial Conduct Authority (FCA) condemned Barclays bank this Friday to a 26 million-pound Sterling (32 million euro-) fine for attempting to rig the gold market.

Can we predict the price of gold by observing the gold mining index? As a reference for this article, I have chosen the Barron’s Gold Mining Index (BGMI), since it has been published since 1940 and thusly provides a long basis for analysis.

There always is this media noise, constantly repeating itself, about optimistic growth predictions, but only real results should count, and they are not good at all.

Ron Paul about the Gold Held at Fort Knox, London Price “Fix” In Silver Market To End, Chinese Gold Demand, The Bundesbank Will Let the ECB Use its Printing Press

GoldBroker.com’s team was present at the 2014 Metals & Minerals Investment Conference in New York.

Gold averages down on 2 of the fixes but silver gets hit with the triple whammy...

According to the Wall Street Journal, Germany’s central bank would accept a move by the ECB in June if the outlook on inflation warrants it. The Buba now is siding with the general assumption that we have to fight deflation risks by turning on the printing press.