COTs last week

What exactly is the partnership between JP Morgan and the Banque de France in the gold lending market? Given that the gold lending market is ultra secretive, we will most likely never know the specifics. But by partnering with JP Morgan, the Banque de France is partnering with one of the heavy weight bullion banks of the gold industry, a bullion bank with a finger in every pie.

IRELAND'S Central Bank has refused to say if it plans to move almost €200m worth of gold bars from the vaults of the Bank of England as a result of Brexit, insisting that any such move would be "commercially sensitive".

The gold reserves have been held by its UK counterpart for a number of years, and the Central Bank has traditionally been coy on the precise details of the reserves, and the terms of the arrangement it has with the Bank of England.

SGE withdrawals for November

The recent and shocking reduction in gold trade statistics under the new LBMA transparency rules (LBMA-i) suggests that over 80% of the previous daily trade reporting is no longer counted, or that the old metrics were drastically overstated. It’s one or the other. A decline in reported daily gold trade from over $200B+/d to a paltry $39.6B/d is not a rounding error.

Turkey imports for October

Flows this week

I believe this is a beautiful custom. Whether you observe Hanukkah, Christmas, Eid al-Fitr, Diwali or any number of other religious holidays around the world, gifting your children and grandchildren coins of precious metals such as gold or silver could be made into a tradition in your own family.

COTs last week

Simon Popple and Ross Norman. We'll be discussing what the future might hold for gold markets,