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Ronan Manly

Ronan Manly

Ronan Manly is a precious metals analyst with BullionStar whose blogs
often cover current themes including what's going on in the
London gold market and the gold activities of central banks.

RBA bosses squirm as Aussie politicians throw easy questions about RBA gold in London
Australia’s gold at the Bank of England – Extended Q & A

Australia’s gold at the Bank of England – Extended Q & A

  • Date
  • author Ronan Manly
  • Comments 1 Comments

Recently, news network RT.com asked for BullionStar's comments on the question of the Reserve Bank of Australia's (RBA) gold reserves supposedly stored at the Bank of England's gold vaults in London.

Using some of these comments, RT has now published an article on the topic on its English language news website.

Since the full set of RT questions and BullionStar's...
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Italy’s Gold enters the Political Fray. But who really owns it?
Bank of England tears up its Gold Custody contract with Venezuela’s central bank
Separating truth from fiction in China’s golden game of Poker
Russian Central Bank buying Gold on the International market?

Russian Central Bank buying Gold on the International market?

  • Date
  • author Ronan Manly
  • Comments 10 Comments

The Russian central bank has bought so much gold this year that its purchases now exceed the amount of gold mined in Russia during 2018.

But with a policy of buying domestic gold mining output, the central bank will now need to look further afield to fulfill its gold reserve purchase requirements.

As existing agents of the central bank, the large Russian commercial...
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Venezuela’s gold in limbo amid tug-of-war at the Bank of England

Venezuela’s gold in limbo amid tug-of-war at the Bank of England

  • Date
  • author Ronan Manly
  • Comments 19 Comments

As one of the world’s largest custodians of central bank gold, the Bank of England is attracting unwanted attention in a bizarre saga involving 14 tonnes of Venezuela’s gold.

A whole cast of colorful characters has recently emerged on both sides, those wanting the gold to be returned and those wanting the gold to be confiscated.
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French central bank and JP Morgan team up to boost Gold Lending
LBMA trading volume data confirms the paper gold casino in London
Bank of England refuses to return 14 tonnes of gold to Venezuela
Does the recent spate of Central Bank gold buying impact demand and price?
In surprise move, Central Bank of Hungary announces 10-fold jump in its gold reserves
Skepticism reigns about the True state of Chinese central bank gold reserves
LBMA Clearing and Vaulting data reveal the absurdity of the London ‘Gold’ Market
Paulson’s Shareholders Gold Council finally launches after initial delays
Chinese Gold Panda Coins now trading on the Shanghai Gold Exchange (SGE)
As Emerging Market Currencies Collapse, Gold is being Mobilized
Annual Mine Supply of Gold: Does it Matter?

Annual Mine Supply of Gold: Does it Matter?

  • Date
  • author Ronan Manly
  • Comments 1 Comments

There is a relative fixation in the gold industry on new gold mining supply, and the prospects of unextracted gold reserves running out within the next few decades. However, current in-ground gold reserves are not the full picture, since in-ground gold 'resources' are far larger still.

But beyond annual gold mining output, its important to remember that the world's...
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LBMA at the Movies: Golden Turkeys

LBMA at the Movies: Golden Turkeys

  • Date
  • author Ronan Manly
  • Comments 6 Comments

The London Bullion Market Association (LBMA) has recently published a series of short videos claiming to explain 'Who They Are' and 'How the OTC precious metals Markets Work'.

But a quick glance at the content confirms that nearly none of the subject matter addresses the questions set by the titles. Are they deliberately avoiding the questions? If the answer is yes, then it...
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Spotlight on the HUI and XAU Gold Stock Indexes

Spotlight on the HUI and XAU Gold Stock Indexes

  • Date
  • author Ronan Manly
  • Comments 1 Comments

Take a quick look at most gold investing websites or indeed general investing websites and you will invariably see the names of the HUI and XAU gold mining indexes displayed alongside their respective index 'prices'. But what are the HUI and XAU indexes, how are they constructed, and who operates them? And which gold mining stocks do they hold? And how do the two indexes differ? Continue Reading arrow

Chinese Gold Market: Still in the Driving Seat
Gold’s Price Performance: Beyond the US Dollar

Gold’s Price Performance: Beyond the US Dollar

  • Date
  • author Ronan Manly
  • Comments 3 Comments

The mainstream media's fixation with the US dollar price of gold is constant and non-stop, even more so as the first half of 2018 drew to a close and a wall of commentary and headlines erupted about the price of gold in US dollar terms slipping on a 6-month measurement scale.

However, it is not the full story, because in some major national currencies as well as in...
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The Shareholders Gold Council (SGC) – “Just don’t mention the Gold Price”
Sovereign Money Referendum: A Swiss Awakening to Fractional-Reserve Banking?
Turkey and Russia Highlight Gold’s Role as a Strategically Important Asset
Spoofing Futures and Banging Fixes: Same Banks, Same Trading Desks
US Gold and Silver Futures Markets -

US Gold and Silver Futures Markets - "Easy Targets"

  • Date
  • author Ronan Manly
  • Comments 2 Comments

Following the charging of five precious metals traders and three banks in January 2018, Commodities Futures Trading Commission and Department of Justice documents reveal a global criminal cabal of 16 traders operating in at least four major financial institutions between 2008 and 2015 to defraud COMEX gold and silver futures markets.

This new guest post by Allan Flynn,...
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Central Banks Care about the Gold Price – Enough to Manipulate it!
Why the World’s Central Banks hold Gold – In their Own Words
LBMA Alchemy and the London Gold and Silver Markets: 2 Steps Back
What’s Happening (or Not) at the LBMA: Some Updates
US Gold Reserves, Of Immense Interest to Russia and China
Russia, China and BRICS: A New Gold Trading Network
LME gold and silver Reference Prices: Will anyone notice?
Neck and Neck: Russian and Chinese Official Gold Reserves
LBMA Silver Price Benchmark – Changes, but no Wider Participation
Mnuchin’s PR Visit to Fort Knox proves nothing about the US Gold Reserves
BullionStar quoted in Wall Street Journal article on New York Fed Gold
BullionStar Presentation on Real Vision TV – Bullion Banking, ETFs & Physical Gold
LBMA Gold Vault Data – How low is the London Gold Float?
The West lost at least another 1000 tonnes of large gold bars in 2015
Is the COMEX Rigged?

Is the COMEX Rigged?

  • Date
  • author Ronan Manly
  • Comments 11 Comments

Many people will by now have heard of COMEX gold futures price 'flash crashes' during which the gold price collapses in free fall fashion over a few second interval. Whether these flash crashes are the result of trading errors, futures market illiquidity, computerized trading patterns or deliberately engineered moves is debateable. But beyond the actual flash crash incidents on the... Continue Reading arrow

CME Stays Silent on Cause of COMEX Silver Price Glitch
Bullion Banks line up in London to support LME’s Gold Futures
How many Silver Bars are in the LBMA Vaults in London?
Are the World’s Billionaire Investors Actually Buying Gold?
New Gold Pool at the BIS Basle: Part 2 – Pool vs Gold for Oil
An update on SGE Vault Withdrawals and SGE Price Premiums
New Gold Pool at the BIS Basle, Switzerland: Part 1
SGE Trading Volumes surged by 43% in 2016 led by OTC and Deferred Trading
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