Category Archives: LME
LME to expand trading around gold and silver reference prices
gata.org / By Jan Harvey and Peter Hobson via Reuters / October 10, 2017 LONDON — The London Metal Exchange expects three more clearing members to join its precious metals contracts by year-end and is looking to expand trading around its gold and silver reference prices, Chief Executive Matthew Chamberlain told Reuters on Tuesday. Adding further […]
New LME gold contract sees lackluster launch
gata.org / By Henry Sanderson Financial Times, London / July 10, 2017 An attempt by the London Metal Exchange and a group of banks including Goldman Sachs to grab a chunk of London’s $5 trillion-a-year gold market through a new futures contract got off to a lacklustre start today. A total of $56 million worth of the […]
LME’s pitch for share of gold market faces bumpy ride
gata.org / By Peter Hobson and Pratima Desai via Reuters / January 23, 2017 LONDON — Fears of inflexibility and rising costs are sapping enthusiasm for the London Metal Exchange’s new suite of gold contracts, potentially leaving the exchange reliant on the threat of an increasing regulatory burden to drive uptake. London’s $5 trillion-a-year gold trade […]
Copper Is Crashing After Huge Spike In Inventories
zerohedge.com / by Tyler Durden – Jun 7, 2016 10:16 AM Copper futures are tumbling by the most in 2 months (testing back towards 4 month lows) after the biggest two-day increase in copper stockpiles monitored by LME since 2004. Dr.Copper is sick… READ MORE The post Copper Is Crashing After Huge Spike In Inventories […]
London gold fixing is open to manipulation, LME executive says
gata.org / By Eric Onstad, Reuters / June 10, 2014 LONDON — The global gold price setting benchmark or “fix” is open to manipulation, said the head of the London Metal Exchange (LME), which is competing to offer an alternative to the silver fix when the system is disbanded in August. The gold and silver […]
Class action suit may be just the start of metal warehouse owners’ legal woes
mineweb.com / By David Ingram / Monday , 05 Aug 2013 A U.S. class action alleging an illegal agreement to inflate aluminium prices may be just the start of aluminium buyers’ legal assault against warehouse owners such as Goldman Sachs Group Inc, lawyers with antitrust expertise said on Sunday. Goldman, other warehouse owners and the London Metal […]
Hong Kong Exchanges Outbid JPM, Goldman, Acquire LME
silverdoctors.com / June 15, 2012 Hong Kong Exchanges & Clearing have beaten out the Western banksters (The Morgue and The Vampire Squid) and have acquired the LME (London Metals Exchange). Please note that this is NOT the LBMA, and the cartel has not just ceded control of their physical gold and silver bullion exchange vehicle […]