Silber: J.P. Morgan erhöht rekordhohe Bestände an der COMEX

Der eindrucksvolle Trend setzt sich fort..

Quelle: goldchartsrus.com

JP Morgan stoppt "open outcry" an der London Metal Exchange (LME)

JP Morgan zieht sich weiter aus dem physischen Rohstoff-Business zurück..

JP Morgan to stop open outcry trading on London Metal Exchange

LONDON | BY ERIC ONSTAD

U.S. bank JP Morgan (JPM.N) is quitting open outcry trading on the London Metal Exchange after cutting back on its commodity business, a move that also shows the increasing importance of electronic dealing in metals..

Link: http://uk.reuters.com/article/2015/09/07/uk-lme-jpmorgan-ring-idUKKCN0R722320150907

Gold: Gewaltiger Flash-Crash führte heute Nacht zu gleich zwei Handelsunterbrechungen im Asien-Handel

Beeindruckender Chart von Nanex zum Desaster im Goldpreis heute Nacht:

Quelle: Nanex, Zerohedge.com

Quelle: stockcharts.com

Quote:

Last Night's Gold Slam So Furious It Halted The Market Not Once But Twice, And The Funniest "Explanation" Yet

Submitted by Tyler Durden on 07/20/2015 12:35 -0400


Yesterday, just before the Chinese market opened, precious metals but mostly gold, flash crashed in milliseconds with a violent urgency never before seen. We documented the unprecedented event last night, but for those who missed it, the following chart from Nanex clearly lays out just how sudden the "out of nowhere" selling was, which led to not one but two 20-second halts in the gold futures market spaced out precisely 30 seconds apart as a result of a Velocity Logic (or lack thereof) event..

Link: http://www.zerohedge.com/news/2015-07-20/last-nights-gold-slam-so-furious-it-halted-market-not-once-twice-and-funniest-explan

Gold, Silber, Platin: Nächster initiierter Flash-Crash bei den Edelmetallen im frühen Asien-Handel heute Nacht

Credit to Zerohedge:

Gold, Precious Metals Flash Crash Following $2.7 Billion Notional Dump

Submitted by Tyler Durden on 07/19/2015 22:29 -0400

• Bitcoin
 
• China
 
• Citigroup
 
• Futures market
 
• HFT
 
• Precious Metals

 

The last time gold plummeted by just over $30 per ounce (dragging down silver and bitcoin with it) and resulted in a crash so furious it led to a "Velocity Logic" market halt for 10 seconds, was on January 6, 2014. Many said this was just perfectly normal selling, although we explicitly said (and showed) that it was a clear case of an HFT algo gone wild (following an order to do just that and slam all sell stops) when someone manipulated the market and repriced gold substantially lower.

Precisely one month ago, some 18 months after the incident, the Comex admitted as much, when it blamed the collapse on "unusually large and atypical trading activity by several of the Firm’s customers and caused the mass entry of order messages by Zenfire, which resulted in a disruptive and rapid price movement in the February 2014 Gold Futures market and prompted a Velocity Logic event." Curiously despite the "errant" order, gold did not rebound because the entire purpose of the selling slam was to reset the prevailing price far lower. This is what the Comex said in Disciplinary action 14-9807-BC:

Pursuant to an offer of settlement Mirus Futures LLC (“Mirus” or the “Firm”) presented at a hearing on June 16, 2015, in which Mirus neither admitted nor denied the rule violations upon which the penalty is based, a Panel of the COMEX Business Conduct Committee (“BCC”) found that it had jurisdiction over Mirus pursuant to Exchange Rule 418 and that on January 6, 2014, Mirus failed to adequately monitor the operation of its trading platform (Zenfire), and connectivity of its trading system (Zenfire) with Globex. This failure resulted in unusually large and atypical trading activity by several of the Firm’s customers and caused the mass entry of order messages by Zenfire, which resulted in a disruptive and rapid price movement in the February 2014 Gold Futures market and prompted a Velocity Logic event.

The Panel found that as a result, Mirus violated Rules 432.Q. (Conduct Detrimental to the Exchange) and 432.W.

We bring this up because moments ago, just before 9:30pm Eastern time or right as China opened for trading, gold (as well as platinum, silver, and virtually all precious metals) flashed crashed when "someone" sold $2.7 billion notional in gold, resulting in a 4.2% or about $50 to just over $1,086/oz, the lowest level since March 2010.

Gold:

Silver:

Platinum:

Once again, as in February 2014 and on various prior cases, the fact that someone meant to take out the entire bid stack reveals that this was not a normal order and price discovery was the last thing on the seller's mind, but an intentional HFT-induced slam with one purpose: force the sell stops.

So what caused it?

The answer is probably irrelevant: it could be another HFT-orchestrated smash a la February 2014, or it could be the BIS' gold and FX trading desk under Benoit Gilson, or it could be just a massive Chinese commodity financing deal unwind as we schematically showed last March...

... or it could be simply Citigroup, which as we showed earlier this month has now captured the precious metals market via derivatives.

Whatever the reason, gold just had its biggest flash crash in nearly two years, as a targeted stop hunt launched by the dumping of $2.7 billion notional in product, accelerates the capitulation of the momentum buyers (and in this case sellers) pushing gold to a level not seen almost since 2009.

The price appears to have rebounded after the initial shock, up about $20 from the intraday low of $1,086 but we expect that to be retested shortly, and for gold to plunge further into triple digits, at which point gold miners will simply cease to produce the metal whose all-in production cost is in the $1100 and higher range, when it will also become clear that only derivatives and "paper" are the marginal "price" setters..

Quelle: http://www.zerohedge.com/news/2015-07-19/gold-precious-metals-flash-crash-following-27-billion-notional-dump

The most visited JRB blog post this week is..

..this one:

Silber: JP Morgan's physischer Kaufrausch reißt nicht ab

Ganz knapp vor:

Wie JPMorgan im Rohstoffmarkt: Citigroup cornered Edelmetall-Derivatemarkt

The most visited JRB blog post this week is..

.. this one:

JPMorgan manipuliert erneut im großen Stil den Rohstoff-Derivate-Markt

Ganz knapp vor:

Goldminen vs. Gold: HUI/Gold Ratio fällt auf neue Allzeittiefstände, Mega-Baisse läuft weiter

JPMorgan manipuliert erneut im großen Stil den Rohstoff-Derivate-Markt

Aktuelles Update von Zerohedge mit großartigen Charts und Einblicken:

JPMorgan Just Cornered The Commodity Derivative Market, And This Time There Is Proof

Submitted by Tyler Durden on 06/29/2015 20:55 -0400

• Citigroup
 
• None
 
• Precious Metals

For years there had been speculation, rumor and hearsay that JPM had cornered the US commodities market. Now, finally, we have documented proof.

* * *

Traditionally, we look at the OCC's Quarterly Bank Report on derivatives activities to see which was the largest bank in the US in terms of total notional derivative holdings. The reason being that like on frequent occasions in the past, we find some stunning  results, such asmost recently in January when we wrote that, for the first time, Citigroup had eclipsed JPM as the largest US bank in total derivatives, with just over $70 trillion compared to perennial megabank JPM's $65.3 trillion as of the third quarter of 2014, explaining also why Citigroup had drafted the Swaps push out language in the Omnibus Bill..

Link/Quelle: http://www.zerohedge.com/news/2015-06-29/jpm-just-cornered-commodity-derivative-market-and-time-we-have-proof

Goldman Sachs: Commodities-Bashing geht in die nächste Runde

Die mächtigste US-Bank und Firma der Welt (neben JPM) - Goldman Sachs - ist nun offizielle bärisch für nahezu alle Rohstoffe in 2014, daneben bleibt Gold Goldman's offizielle 'Best Sale Reco'. Wie immer können Sie davon ausgehen, dass Goldman anders handeln wird, als ihre Mainstream-Empfehlungen verlauten lassen mögen.

Wer sich bspw. an dieser Stelle an Q2 2013 erinnert.. als Goldman den Goldpreis-Crash mit einer starken Verkaufs-Empfehlung (zusammen mit anderen Finanz-Giganten) quasi initiierte - massiv auf der Short-Seite folgend verdiente - und dann nach dem Sell-Off die Posi extrem auf Long drehte, und zu einem der größten GLD-Holder aufstieg..

Goldman’s Currie still looking for $1050 gold, bearish on all commodities

Goldman Sachs’ Jeffrey Currie remains bearish on virtually all commodities, but particularly so on gold reiterating his prediction of last year that gold will fall to $1050 by end 2014..

Link: http://www.mineweb.com/mineweb/content/en/mineweb-gold-analysis?oid=225269&sn=Detail

Gold, Kritisches Niveau an der COMEX: Registered-Lagerbestände fallen weiter, Open Interest explodiert

Die Spannung an der COMEX nimmt zu:

"Comex Registered Gold fell 89K oz to new low. Open Interest is record 104X higher."

Quelle: twitter.com/GarrettGoggin/status/423589574879633408/photo/1/large

In London ergibt sich bei den physischen Gold-Beständen derweil ein ähnliches Bild..

EXCLUSIVE – Shortage of large gold bars leads to rare London premiums

Posted on January 15, 2014 by Eddie van der Walt London 15/01/2014 

The London bullion market has seen intermittent shortages of 400-ounce bars, traders in the City told FastMarkets, pushing premiums for physical delivery for these large bars as high as 50 cents..

http://www.fastmarkets.com/gold-news/69679-0-en

Gold, COMEX/CRIMEX: Quote of the Day

Passende Quote von Eddie Morra (ZH) zum jüngsten Gold Sell-Off:

Quelle: zerohedge.com / Eddie_Mora_ZH Twitter Acc

Quelle: zerohedge.com

Weiteres Bodenbildungs-Zeichen: JPM stößt Rohstoff-Geschäft ab

JPM scheint einem Deal für die Rohstoff-Sparte näher zu kommen, finale Bieter-Runde steht:

JPM commodity unit sale down to final bidders 

• The short list of potential includes Blackstone (BX +0.3%), Macquarie Bank, and Castleton Commodities, according to CNBC's Kate Kelly, and JPMorgan (JPM) hopes to make a final decision by month's end.
• It's not yet clear exactly what assets are being sold, or what the price is, but sources say the deal size looks to be in the $1.5B-$2B range. The bank valued the sum of its physical commodities holdings at $3.3B in the original offering documents.
• No matter who buys, JPMorgan commodity chief Blythe Masters and her senior team will exit the bank to oversee the business for the new owner.
• This morning's earnings call was scant on information, but CFO Lake did say the bank is selling "the parts of the business that are most capital-intensive for us."

Quelle: seekingalpha.com

COMEX Gold-Lagerbestände: Update & Entwicklung

Informative Übersicht über die jüngsten Entwicklungen der Gold-Lagerbestände an der berühmt-berüchtigten Papier-Gold-Börse COMEX inklusive einem Blick zurück. Interessant ist vor allem die Divergenz zwischen den Eligible Gold-Lagerbeständen (not available for delivery to settle a futures contract  [review]) und den Registered Gold-Lagerbeständen (available for delivery for a futures contract [review]), die sich seit geraumer Zeit wahrlich im freien Fall befinden und den Druck auf einige einflussreiche Spieler an der COMEX langsam aber sicher erhöht..

Quelle: hebbainvestments.com

 Quellen: goldchartsrus.com, hebbainvestments.com

COMEX, Lagerbestände: Registered Gold Inventory nun bei über 93:1

Countdown..?!

Quelle: goldchartsus.com

COMEX Registered Gold, Lager-Bestände: Freier Fall geht in 2014 weiter

Die Leer-Räumung der Gold-Lager-Bestände bei der Papier-Gold-Börse COMEX setzt sich im neuen Jahr fort:

Quelle: http://www.24hgold.com/english/interactive_chart.aspx?title=COMEX%20WAREHOUSES%20REGISTERED%20GOLD&etfcode=COMEX%20WAREHOUSES%20REGISTERED&etfcodecom=GOLD

https://goldchartsrus.net

Gold: Erster Flash Crash in 2014

Und es dauerte nicht lange, bis die nächste offensichtliche Goldpreis-Manipulation und erste in 2014 festgestellt werden kann. Eine massive Verkaufs-Order sorgt im frühen US-Handel für einen Flash Crash beim Goldpreis. Silber und Gold fallen binnen weniger Sekunden parallel kräftig zurück.

Quelle: zerohedge.com

Quelle: zerohedge.com

Quelle: zerohedge.com

Gold: Starker Jahres-Auftakt in 2014

Der Goldpreis zeigt sich am ersten Handelstag im neuen Jahr sehr freundlich und gewinnt gegen die USD-Stärke beträchtlich an Wert. 2014 könnte das große Comeback der Edelmetalle anstehen - natürlich komplett gegen jeglichen Mainstream und alle Einschätzungen der Banken, Gurus und Experten. Ganz nebenbei: JPM und Goldman sind seit Dezember wieder auf der Long-Seite. Am Gesamtmarkt könnte es den ersten verlustreichen Jahres-Auftakt seit 6 Jahren geben..

Quelle: kitco.com

Minenaktien: J.P. Morgan schließt Shorts und wechselt ins Bullenlager

Die Hauptgründe für die neue, positivere Sichtweise bei J.P. Morgan über Mining Stocks:

".. So what’s changed for J.P. Morgan?

1. Miners have significantly undershot metals prices, which are currently at double the fourth-quarter 2008 levels.
2. Cost bases are unfavorable, capital discipline is still a problem, but miners are starting to cut capital expenditure aggressively.
3. Free cashflow yield could turn positive again in 2014. While J.P. Morgan remains skeptical about that, its analysts say “the market could give the sector the benefit of the doubt for a while.”
4. Sector valuations are more attractive — the relative price/book ratio is back to 2009 lows.
5. The Dollar Index DXY has rolled over recently, closing a gap with metals prices. Unless the dollar index rallies sharply, miners could see a short-term bounce.
6. Chinese commodity import volumes seem to have bottomed out, suggesting a moderate recovery in metals demand. Mining-equipment sales have inched up.
7. Chinese commodity inventories are off recent highs."

Get back into beaten-down mining stocks: J.P. Morgan

June 17, 2013, 11:24 AM

In the same breath that it urges investors not to go short on stocks right now, J.P. Morgan Cazenove is urging a more positive view on mining stocks..

Link: http://blogs.marketwatch.com/thetell/2013/06/17/get-back-into-beaten-down-mining-stocks-j-p-morgan/?source=email_rt_mc_body

Quelle: bigcharts.com