In this report, I cover the early market action from London on Thursday, November 15th, 2018. I look briefly at the precious metals, the stock market, the dollar, the bond market, and the oil price.
Today I touch upon the ongoing questions being raised by an Australian economist, John Adams, about the integrity of Australia's gold reserves being held at the Bank of England in the City of London. I spoke about this matter a few weeks ago and in his latest update Mr. Adams points out that the Aussie Central Bank, the RBA, is now refusing to answer some of his questions pertaining Australia's supposed 80 metric tonnes of gold held at the Bank of England.
With the question surrounding Venezuela's gold at the Bank of England, I asked the question of whether, even though the gold bars seem to be at the Bank of England's vaults, the gold has been leased out many times over. My concluding opinion is that the Bank of England is reluctant to allow its clients to audit or even take possession of their gold because they are most probably leasing the gold they are supposed to safe keep many times over in order to manipulate the price of the yellow metal.
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"The RBA saysShut Up and Go Away": https://www.youtube.com/watch?time_continue=1&v=Qa4Q3PR7jrg
"Is Australia's Gold Safe with the Bank of England?" :