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


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 blog 



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.

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.



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


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

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