Tag Archive: London Bullion Market Association

LBMA Clearing and Vaulting data reveal the absurdity of the London ‘Gold’ Market

2018-10-02

by Ronan Manly

2018-10-02

LBMA gold vaulting data report for end of June 2018: Published 1st October

The first day of each month sees the reporting of a number of statistics about the London Gold Market by the bullion bank led London Bullion Market Association (LBMA). These statistics focus on clearing data and vault holdings data and are reported in a 1 month lag basis for clearing activity and a 3 month lag basis for vault holdings data.

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Spoofing Futures and Banging Fixes: Same Banks, Same Trading Desks

2018-04-22

by Ronan Manly

2018-04-22

On 29 January 2018, the Commodity Futures Trading Commission (CFTC) Division of Enforcement together with the Criminal Division of the US Department of Justice and the FBI announced criminal and civil enforcement actions against 3 global investment banks and 5 traders for involvement in trade spoofing in precious metals futures contracts on the US-based Commodity Exchange (COMEX).

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The West lost at least another 1000 tonnes of large gold bars in 2015

2017-08-14

by Ronan Manly

2017-08-14

Over the last number of years, one of the most interesting trends in the physical gold world is the ongoing conversion of large 400 ounce gold bars into smaller high purity 1 kilogram gold bars to meet the insatiable demand of Asian gold markets such as China and India.

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Unveiling the Silver in the LBMA London vaults

2017-07-09

by Ronan Manly

2017-07-09

Sometime in the coming days, the London Bullion Market Association (LBMA) plans to begin reporting the amount of real physical gold and silver that is actually stored in the network of LBMA vaults in London. This follows an announcement made by the LBMA on 8 May.

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Bank of England releases new data on its gold vault holdings

2017-05-04

by Ronan Manly

2017-05-04

An article in February on BullionStar’s website titled “A Chink of Light into London’s Gold Vaults?” discussed an upcoming development in the London Gold Market, namely that both the Bank of England (BoE) and the commercial gold vault providers in London planned to begin publishing regular data on the quantity of physical gold actually stored in their gold vaults.

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Death Spiral for the LBMA Gold and Silver auctions?

2017-04-17

by Ronan Manly

2017-04-17

In a bizarre series of events that have had limited coverage but which are sure to have far-reaching consequences for benchmark pricing in the precious metals markets, the LBMA Gold Price and LBMA Silver Price auctions both experienced embarrassing trading glitches over consecutive trading days on Monday 10 April and Tuesday 11 April. At the outset, its worth remembering that both of these London-based benchmarks are Regulated Benchmarks, regulated...

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