Dave Kranzler: Western central bank fear of gold is in the air


By Dave Kranzler
Investment Research Dynamics, Denver
Thursday, August 3, 2017

Ballooning open interest, heavy fix selling, aggressive post-settlement selling, flash crashes -- this all seems a lot of bother. Perhaps the Other Side is afraid of something.

-– John Brimelow's Gold Jottings.

* * *

Wednesday evening at 7:06 ET, one of the least liquid trading periods of the 23-hour trading day for Comex paper gold, a “motivated” seller unloaded 10,777 August gold contracts into the CME Group's Globex trading system, knocking the price of gold down $9 in 25 minutes. There were no obvious news or events reported that would have triggered any investor to dump more than 1 million ounces of gold with complete disregard to price execution.

Rather, the selling was the act of an entity looking to push the price of gold a lot lower in "shock and awe" fashion. The 10,700 contracts sold were just the August contracts. There was also related selling in several other contract months. To be sure, the total number of contracts unloaded included hedge fund selling from stop-losses triggered in the black boxes of momentum-chasing hedge funds. ...

... For the remainder of the report:



We Are Amid the Biggest Financial Bubble in History;
When It Bursts, Bullion Owned in the Safest Way Will Protect Wealth

With GoldCore you can own allocated -- and most importantly -- segregated coins and bars in Switzerland, Singapore, and Hong Kong.

Switzerland, Singapore, and Hong Kong remain extremely safe jurisdictions for storing bullion. Avoid exchange-traded funds and digital gold providers where you are a price taker. Ensure that you are outright legal owner of your bullion. If you do not own segregated bullion that you can visit, inspect, and take delivery of, you are exposed.

Crucial guides to storage in Singapore and Switzerland can be read here:



GoldCore does not report transactions to any authority. Safety, privacy, and confidentiality are paramount when we are entrusted with storage of our clients' precious metals.

Email the GoldCore team at info@goldcore.com or call our trading desk:

UK: +44(0)203-086-9200. U.S.: +1-302-635-1160. International: +353(0)1-632-5010.

Visit us at: http://www.goldcore.com

Join GATA here:

New Orleans Investment Conference
Wednesday-Saturday, October 25-28, 2017
Hilton New Orleans Riverside Hotel, New Orleans, Louisiana

Mines and Money London
Business Design Centre
London, England, United Kingdom
Monday-Thursday, November 27-30, 2017

* * *

Help keep GATA going

GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:


To contribute to GATA, please visit: