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Bank of England and LBMA Gold Bullion - The “London Float”

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A case study of physical gold stored in London Vaults in LBMA 400 troy ounce gold bars has been undertaken by Ronan Manly, Koos Jansen, Bron Suchecki and Nick Laird.

Nick Laird has just completed a great article replete with many interesting and important charts which further illuminate the size of the “London Float” which is the working supply of gold available to meet the gold markets daily needs and huge international demand for gold today – especially from Germany, India and China.

The size of the “London Float” is examined and brought “out of the shadows and into the light of day”.

[Please click chart to expand]

Jesse’s Cafe Americain via Sharelynx

 

Laird concludes that there is an increasing shortage of physical gold bullion in LBMA vaults and on the COMEX due to the continuing flows of gold east to “satisfy the current rampant Asian demand”.

Continue reading on the GoldCore.com blog 

 

DAILY PRICES

Today’s Gold Prices: USD 1134.45, EUR 1012.31 and GBP 742.73 per ounce.
Yesterday’s Gold Prices: USD 1124.60, EUR 1010.97 and GBP 734.77 per ounce.
(LBMA AM)

Gold in Australian Dollars – 3 Months (Reuters Eikon)

Gold rose 0.4% or $4.70 to $1,130.10 per ounce yesterday while silver fell 2 cents to $14.79 per ounce. Gold also eked out further gains in euros, pounds and most major currencies. Gold in Australian dollars has been particularly strong.

In Singapore, gold bullion ticked a little higher and maintained those gains in London, hovering just above the $1,135 per ounce level. Silver prices are another 0.3% higher to $14.94 today, while platinum is 1% higher

Palladium surged another 6% yesterday and is 0.3% down today. The move appeared to be a short squeeze and may be the precursor for the long awaited short squeeze higher in gold and silver.

 

IMPORTANT NEWS

Gold futures mark first gain in three sessions – MarketWatch
Platinum at 6-1/2-year low on VW scandal, palladium soars 6% – Reuters
U.S. factory activity stuck at near two-year low in September: Markit – Reuters
Palladium Climbs to Two-Month High as China Aims to Clean Air – Bloomberg
Gold Buying in India Seen Rising 15% as Festivals Aid Demand – Bloomberg

IMPORTANT ANALYSIS

Attack On Your Financial Freedom Is Coming – Money Week
‘Gold Only Financial Asset With No Counterparty Liability’ – Jesse’s Café Américain
Ronan Manly: Central bank gold at the Bank of England – Gold Anti-Trust Action
Louise Yamada: Major Sell Signals on All Indices – Financial Sense
The Fed just made a gigantic mess – CNBC

Read more News & Commentary on GoldCore.com


Download Essential Guide To Storing Gold Offshore

 

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Thu, 09/24/2015 - 13:47 | 6589263 BurnUnit
BurnUnit's picture

Please see this Today Investigates video titled Fire Protection from yesterday https://www.facebook.com/TheWFSF  

The dangerous and often deadly ionized alarm problem is worldwide as this story reveals, about a 2 year old in Australia who died recently in a house fire because the ionized alarms did not go off while the baby's mother was asleep. This is one of several tragic stories that exposes the fatal flaw of ionized fire alarms.  The Red Cross and endorsers of the Red Cross Fire Safety Preparedness Campaign as well as United Way and other Fire Safety organizations that have knowingly been donating dangerous ionized alarms and installing only ionized detectors in homes despite being informed that these devices have a high failure rate and do not sound alarm in smoldering smoke conditions which has resulted in 10's of 1000's of smoke inhalation deaths and 100's of 1000's of smoke and fire injuries for over 40+ years.  

This information is all documented and can be found at www.smokealarmwarning.org , www.thewfsf.org  and www.firecrusade.com  I urge you to research this ionized alarm fraud which has been going on for over 40+ years which involves the UL, CPSC and NFPA to name just a few. See these documents and video's below which reveal how it came to be that over 90% of all detectors in homes today are ionized despite there being a safer more efficient photoelectric detector and multiple lawsuit against ionized manufactures and one including the UL http://thewfsf.org/ulsued.html .

 DOCUMENTS SEE  http://www.firecrusade.com/documents.htm  

An Engineering Analysis of the Indiana Dunes Tests

'The Role of UL In America's Deadliest Fraud'  

VIDEOS

https://www.youtube.com/watch?v=pnlkiZC0dd0   WTHR aquarium test

 https://www.youtube.com/watch?v=cwl1biSvTiY  UL-approved smoke alarms may give false sense of security  

https://www.youtube.com/watch?v=zrOLxh8GuCU  Rossen Report  

https://www.youtube.com/watch?v=fCwTlm8Q8fU  Smoke Alarm Whistleblower Reveals Dirty Secrets  

Six weeks ago I have sent this info to Red Cross Director of Preparedness Initiatives Zach Cahalan who Led the design, development and matrixed implementation of the Home Fire Preparedness Campaign, a collaborative initiative to reduce home fire deaths 25% in 5 years, and The United Way and other fire safety organizations and a letter was sent by Fire Protection Engineer Richard Patton to Red Cross CEO Gail McGovern, all of which have gone unanswered to date, with no changes made to websites relating to their fire safety campaigns, despite a follow up letter and email sent recently as well.

Its time these organizations are held accountable for their negligance and start doing what is right vs what is cheapest when it comes to the safety of the very people they are pretending to protect when it comes to giving away ionized detectors

Thu, 09/24/2015 - 13:46 | 6589251 lasvegaspersona
lasvegaspersona's picture

as long as paper gold= real gold the POG can be kept low...

Only when the link is broken can we see the true value of gold expressed in it's price. 

Gold could also be 'reset' if the capital needs of major countries demand it. that could happen without warning.

Getcher gold now.

Thu, 09/24/2015 - 13:10 | 6589024 Grandad Grumps
Grandad Grumps's picture

So how often does price move higher off of the top end of a short sqeeze?

Thu, 09/24/2015 - 12:50 | 6588899 Hongcha
Hongcha's picture

Gold has put in a bottom, gentlemen.  Buy at will.

Thu, 09/24/2015 - 12:48 | 6588885 zrussell
zrussell's picture

Are they (BOE) counting ETFs as physical holdings?

Thu, 09/24/2015 - 11:01 | 6588198 fowlerja
fowlerja's picture

I guess the future is "gold east, young man"...

Thu, 09/24/2015 - 10:01 | 6587759 actionjacksonbrownie
actionjacksonbrownie's picture

Gold up $22 on options expiry day - now THAT is unusual! Has also broken the 1 year down trend - let's see if it holds.

Thu, 09/24/2015 - 12:50 | 6588895 SoilMyselfRotten
SoilMyselfRotten's picture

Which should bode well for tomorrow

Thu, 09/24/2015 - 09:30 | 6587617 Doubleguns
Doubleguns's picture

Laird concludes that there is an increasing shortage of physical gold bullion in LBMA vaults and on the COMEX due to the continuing flows of gold east to “satisfy the current rampant Asian demand”.

 

You missed the point.

Thu, 09/24/2015 - 09:09 | 6587501 Pliskin
Pliskin's picture

An article to tell us that Gold rose 0.4%.  Fuck off.  Wake me up when it rises 500%. 

Keep buying stocks folks coz they're all good!

Until they're not.

 

Thu, 09/24/2015 - 11:14 | 6588283 Transformer
Transformer's picture

6,256 tons.  Hmm.  I imagine that is paper.  If we divide by that ratio number, let's see, whatever it is today, 230, the ratio of paper to phys, we get...  27.2 tons.  Now that sounds more like what it really is. 

You can certainly see why raiding some small country like Ukraine and taking their 30+ tons of gold would be so important in the big scheme of things.

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