by GoldCore
Today’s AM fix was USD 1,414.00, EUR 1,080.46 and GBP 920.63 per ounce.
Yesterday’s AM fix was USD 1,397.00, EUR 1,070.17 and GBP 917.09 per ounce.
Cross Currency Table – (Bloomberg)
Gold rose $14.80 or 1.08% yesterday to $1,388.00/oz and silver ended with a loss of 0.26%.
Gold in USD, by Tick, – (Bloomberg)
Gold extended gains above $1,400 an ounce on signs that jewelers, investors and store of value buyers of gold are [...]
London Gold Market Report
from Ben Traynor, BullionVault
Thursday 18 April 2013, 08:00 EST
Asia “Buys the Dip” in Gold, Western Physical Demand Also Jumps But ETF Outflows Continue
WHOLESALE prices for buying gold climbed briefly above $1400 an ounce Thursday morning, having bounced from a $50-an-ounce drop overnight, with dealers reporting strong demand for physical bullion in Asia.
In Hong Kong and Macau, the number of customers visiting stores run by the world’s biggest jewelry [...]
by Phoenix Capital Research
Anyone who wants to get to the truth behind the inflationary threats to their wealth should ignore everything the Central Banks say about inflation and look instead at their actions.
Worldwide gold demand in 2012 was another record high of $236.4 billion in the World Gold Council’s latest report. This was up 6% in value terms in the fourth quarter to $66.2 billion, the highest fourth quarter on [...]
by Phoenix Capital Research
Inflation has arrived.
While the mainstream financial media and government data continue to ignore it, inflation has begun to erupt around the globe. The signs are already clear:
Civil unrest due to higher costs of living (the Arab Spring, China, Africa, etc.)
Demands for higher wages (US, Germany, South Africa, Middle East, etc.)
There are three primary reasons for these inflationary trends:
We live in a global financial system of fiat or [...]
The headline downplays the money amount. Read the article and do the second grade math that the author couldn’t.
Gold has been on a definite downtrend since last October, with bullion falling a dramatic 5.1% in February alone. As prices have dropped and investors lost faith, central banks have been on the opposite side of the trade, gobbling up bullion at a rate of 27-metric tons a month, according to UBS’ gold [...]
A Bill to Register Buyers of Gold and Silver Coins…
by GoldCore
Today’s AM fix was USD 1,670.25, EUR 1,243.39, and GBP 1,058.93 per ounce.
Yesterday’s AM fix was USD 1,677.00, EUR 1,258.06, and GBP 1,059.18 per ounce.
Silver is trading at $31.55/oz, €23.54/oz and £20.04/oz. Platinum is trading at $1,689.00/oz, palladium at $723.00/oz and rhodium at $1,200/oz.
Cross Currency Table – Bloomberg
Gold dropped $17.90 or 1% in New York yesterday and closed at $1,667.70/oz. Silver slipped to a low of $31.60 and finished [...]
arabianmoney.net / January 20, 2013
Gold bugs can hardly have missed the GFMS Gold Survey for 2012 that reported global central banks bought more gold in 2012 than at any time in the past 50 years, a net 536 tonnes of the yellow metal. The global money printers clearly know the value of the one money that they cannot create from thin air.
This is being hailed as a step by step [...]
It had to come. It has been introduced in Illinois, the most anti-gun state in the USA.
Creates the Precious Metal Purchasing Act. Provides that a person who is in the business of purchasing precious metal shall obtain a proof of ownership, create a record of the sale, and verify the identity of the seller. Provides that a person who is in the business of purchasing precious metal shall not pay for [...]
The World Gold Council recently released its own report for the gold market for 2011. It noted that while global demand for gold had hit a new all-time high in (nominal) dollar terms , it was merely reaching its highest level in 15 years in terms of tonnages.Hardly the signs of an “over-heated” market, as is regularly claimed by the flock of mainstream Chicken Littles clucking about a “bubble” in the gold market.
Indeed, investment [...]
On June 18 the Federal Deposit Insurance Corp. proposed rule changes to categorize gold as a Zero Percent Risk-Weighted, Tier 1 Asset.
This is significantly bullish for gold in the long term as this potential systemic change could drive gold demand and gold prices much higher.
n light of the global financial downturn, cash and bonds have begun to lose their luster as global financial regulators have begun to recognize the implied risks behind paper assets.
In [...]
By Vin Maru
Misdirection by MSM as Gold Moves Towards The Banking System
Despite what the Main Stream Media (MSM) or “Financial Pundits” tell you, the gold bull market is far from over. In fact, it is just starting, in our opinion. While the misdirected financial world tell you that gold is in a bubble and it has burst, the central bankers and government organizations all know it is far from over. [...]
China is widely expected to overtake India as the world’s biggest consumer of gold this year with gold purchases rising by 10 per cent, according to the leading Chinese bank ICBC. Why?
The Chinese are moving out of the dollar and into gold. That is what a seemingly ill-educated gold trader in the Sharjah Gold Souk told us earlier this year.
King for a day
You don’t need to be a genius to [...]
Richard Russell, the bearish author of the Dow Theory Letters, recently warned that a major primary bear market signal had been confirmed and that stocks were headed lower as a result.
In his latest Dow Theory Letter, he warns that equities could have quite a distance to fall from here.
Via King World News, Richard Russell:
“How far will the bear market carry? No one knows. Already all of 2012′s gains have been wiped out. There’s a number down there to [...]
KWN
Four decade veteran John Hathaway, told King World News “I was in California last week and I met with a lot of people. They are buying physical gold. Wealthy, private investors are buying gold.” The prolific manager of the Tocqueville Gold Fund also said, “we are starting to see a lot of central bank buying of gold.” Hathaway had this to say about gold bouncing solidly off the low $1,500 level: “That’s very encouraging. That was [...]
After yesterday’s report on the latest Central Bank gold purchases, Jeffrey Nichols analyses the impact of such buying on the global gold market and its underpinning of the gold price
Author: Jeffrey Nichols
Posted: Wednesday , 25 Apr 2012
NEW YORK -
A recent survey of central-bank reserve managers predicted that the most significant change in their official reserve holdings over the next 10 years will be their intentional accumulation of gold.
In fact, central-bank reserve managers [...]
From Jeff Clark, Senior Precious Metals Analyst, Casey Research:
We’ve read mixed reports about how lofty gold and silver prices are affecting demand in India. One month we’re told demand is up, and the next it’s supposedly down. I’m not suggesting that official reports are inaccurate, but it is admittedly confusing and doesn’t help us understand the real trend in the country.
Why should we care about the gold market in India? [...]
March 14, 2012, at 10:53 am
by Greg Hunter in the category USAWatchdog.com | Print This Post | Email This Post
My Dear Friends
If you were to talk to the intelligencia of the street you would be treated to the following. I do and I know.
1. The US economy is reaching escape velocity.
2. The equity market is now rising on #1 and liquidity is no longer the key ingredient.
3. The fact that gold did not go to $2000 on [...]
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