Silver Recoups Sharp Loss And Rises 2% On Record Volume

by GoldCore

Today’s AM fix was USD 1,378.75, EUR 1,070.21 and GBP 908.39 per ounce.
Yesterday’s AM fix was USD 1,353.75, EUR 1,051.95 and GBP 890.86 per ounce.

Gold climbed $19.40 or 1.43% yesterday to $1,384.30/oz and silver finished 2% higher.

Silver’s recovery yesterday from being 10% lower at one stage to recouping these losses and then rising over 2% was very positive technically. The key reversal is leading some to postulate that we [...]

Gold Demand Remains Strong As Buying Records Continue To Tumble

by GoldCore

 

Today’s AM fix was USD 1,377.00, EUR 1,070.01 and GBP 904.32 per ounce.
Yesterday’s AM fix was USD 1,412.25, EUR 1,094.51 and GBP 926.67 per ounce.

Cross Currency Table – (Bloomberg)

Gold fell $32.70 or -2.29% yesterday to $1,392.70/oz and silver slid to $22.50 and finished – 3.55%.

There are no surprises in the latest World Gold Council Gold Demand Trends report other than the fact that statistics show global demand for gold [...]

South Africa Imports $1 Billion of Unwrought Gold to Meet Global Demand

by GoldCore

 

Today’s AM fix was USD 1,412.25, EUR 1,094.51 and GBP 926.67 per ounce.
Yesterday’s AM fix was USD 1,436.50, EUR 1,103.47 and GBP 938.15 per ounce.

Cross Currency Table – (Bloomberg)

Gold dropped $6.00 or -0.42% yesterday to $1,425.40/oz and silver finished – 1.02%.

On Tuesday 14th May, workers at Lonmin PLC, the world’s No. 3 platinum producer in South Africa began a wildcat strike. This caused immediate disruption of all mine production [...]

Consumers Snap Up Gold & Silver Jewellery

by GoldCore

 

Today’s AM fix was USD 1,469.50, EUR 1,118.68 and GBP 944.59 per ounce.
Yesterday’s AM fix was USD 1,454.00, EUR 1,108.74 and GBP 939.09 per ounce.

Cross Currency Table – (Bloomberg)

Gold climbed $20.60 or 1.42% yesterday to $1,472.60/oz and silver finished nearly unchanged -0.08%.

Jewellers across the world are seeing a surge in jewellery purchases because consumers are taking advantage of the price drop and purchasing investment pieces that will grow in [...]

Depositors Beware – Bank Deposits Of Over €100,000 Are At Risk

by GoldCore

Today’s AM fix was USD 1,463.00, EUR 1,118.67 and GBP 941.74 per ounce.
Friday’s AM fix was USD 1,476.50, EUR 1,124.95 and GBP 949.34 per ounce.

Cross Currency Table – (Bloomberg)

Gold rose $0.70 or 0.05% yesterday to $1,469.90/oz and silver finished down 0.37%.

A bank holiday was observed in the U.K. and Ireland yesterday.

Ireland’s Finance Minister, and current European Council President, Michael Noonan, is introducing a proposal to European finance ministers that [...]

Perth Mint Demand Highest Since Lehman Brothers – Refines Coins, Bars At Weekend

by GoldCore

 

Today’s AM fix was USD 1,472.75, EUR 1,126.13 and GBP 950.04 per ounce.
Yesterday’s AM fix was USD 1,472.50, EUR 1,125.51 and GBP 947.80 per ounce.

Gold climbed $13.10 or 0.9% yesterday to $1,470.40/oz and silver reached $24.47 and finished +1.8%.

Cross Currency Table – (Bloomberg)

Gold is slightly lower today after yesterday’s consolidation on last week’s gains.

Premiums continue to rise on physical product across the world to reflect a significant increase in [...]

Gold And Silver Coin And Bar Shortages Globally

by GoldCore

 

Today’s AM fix was USD 1,472.50, EUR 1,125.51 and GBP 947.80 per ounce.
Friday’s AM fix was USD 1,462.25, EUR 1,123.43 and GBP 947.79 per ounce.

Cross Currency Table – (Bloomberg)

Gold fell $7.00 or 0.48% Friday to $1,467.30/oz and silver finished down 1.65%. Gold and silver both gained for the week at 4.74% and 3.11%, respectively.

Gold rose another 1% overnight in Asia, consolidating on last week’s 4% gain.

Gold in USD, 1 [...]

Mints, Refineries, Brokerages Out Of Stock – COMEX Gold Inventories Plummet

by GoldCore

 

Today’s AM fix was USD 1,462.25, EUR 1,123.43 and GBP 947.79 per ounce.
Yesterday’s AM fix was USD 1,446.50, EUR 1,107.07 and GBP 937.64 per ounce.

Comex Gold Inventory Plummet

Gold climbed $33.90 or 2.37% yesterday to $1,464.30/oz and silver surged +4.83%.

Gold has surged 4.9% in dollar terms so far this week and is headed for its biggest weekly gain in one-and-a-half years. Gold has recovered in all currencies and is up [...]

Arizona Set To Use Gold & Silver As Currency

by GoldCore

Today’s AM fix was USD 1,425.00, EUR 1,092.54 and GBP 935.04 per ounce.
Friday’s AM fix was USD 1,414.00, EUR 1,080.46 and GBP 920.63 per ounce.

Cross Currency Table – (Bloomberg)

Gold climbed $12.90 or 0.93% on Friday to $1,400.90/oz and silver finished up 0.04%. Gold and silver both traded down for the week at 5.86% and 11.39%.

The state of Arizona may become the second state to use gold and silver coins [...]

“People Running Through The Gate” To Buy Gold Bullion

by GoldCore

 

Today’s AM fix was USD 1,379.00, EUR 1,046.12 and GBP 903.14 per ounce.
Yesterday’s AM fix was USD 1,378.00, EUR 1,054.00 and GBP 900.48 per ounce.

Gold rose $16.40 or 1.21% yesterday to $1,373.40/oz and silver also finished up 2.63%.

Cross Currency Table – (Bloomberg)

There are reports of very strong demand for coins and bars from buyers internationally who believe that the sell off that saw gold fall to a two-year low [...]

Gold Gains As 14% Plunge Overdone – Speculators Sell, Central Banks To Buy

by GoldCore

Today’s AM fix was USD 1,378.00, EUR 1,054.00 and GBP 900.48 per ounce.
Yesterday’s AM fix was USD 1,416.00, EUR 1,083.31 and GBP 924.52 per ounce.

Gold fell sharply $131.10 or 8.81% yesterday to $1,357.00/oz and silver slid to $22.80 finished -12.69%.

Cross Currency Table – (Bloomberg)

Gold rebounded as store of value and diversificaiton buyers deemed a 14% plunge over two days to be excessive and an Asian central banker said that [...]

Massive $20 Billion Paper Gold Sell Orders Trigger Stop Loss Selling And Unfounded Panic

by GoldCore

 

Today’s AM fix was USD 1,416.00, EUR 1,083.31 and GBP 924.52 per ounce.
Friday’s AM fix was USD 1,548.00, EUR 1,186.30 and GBP 1,008.60 per ounce.

Cross Currency Table – (Bloomberg)

Gold fell $72.90 or 4.67% on Friday to $1,488.10/oz and silver slid to $26.04 and finished -5.29%.

Gold in USD, Daily – (Bloomberg)

Gold and silver were both down for the week – 5.76% and 4.14% respectively.

There is blood running in the gold [...]

Outlook for Gold; Savings and Gold Confiscation – Reuters Q&A Interview

by GoldCore

 

Today’s AM fix was USD 1,548.00, EUR 1,186.30 and GBP 1,008.60 per ounce.
Yesterday’s AM fix was USD 1,555.75, EUR 1,189.59 and GBP 1,012.20 per ounce.

Gold rose $2.50 or 0.16% yesterday to $1,561.00/oz and silver climbed to $27.84 and finished +0.07%.

Cross Currency Table – (Bloomberg)

Gold is down by 2.2% in dollar terms for the week after denied reports regarding Cyprus being forced by the EU and ECB to sell [...]

Cyprus Denies Gold Sale – Debtors Sell Gold; Creditors Buy

by GoldCore

Today’s AM fix was USD 1,555.75, EUR 1,012.20 and GBP 1,189.59 per ounce.
Yesterday’s AM fix was USD 1,581.50, EUR 1,207.16 and GBP 1,032.24 per ounce.

Gold fell $26.20 or 1.65% yesterday to $1,558.50/oz and silver slid to $27.50 and finished -1.29%.

Minutes from the U.S. Fed’s 20th of March meeting were released early yesterday due to an early exit by Congress yesterday afternoon.  The minutes reported the following:

“thought that if the [...]

The Day The Government Seized Americans’ Gold – April 5th 1933

by GoldCore

 

Today’s AM fix was USD 1,572.50, EUR 1,205.26 and GBP 1,026.50 per ounce.
Yesterday’s AM fix was USD 1,577.25, EUR 1,212.80 and GBP 1,029.60 per ounce.

Gold fell $6.50 or 0.41% yesterday to $1,572.50/oz and silver slid to $27.12 and finished down 0.22%.

Cross Currencies Table – (Bloomberg)

Alix Steele reports on the 1933 declaration by U.S. President Franklin Delano Roosevelt to have American’s turn in their gold on Bloomberg TV’s “Lunch Money”.

“80 [...]

Soros: “I Don’t Expect Gold To Go Down”

by GoldCore

Today’s AM fix was USD 1,577.25, EUR 1,212.80 and GBP 1,029.60 per ounce.
Friday’s AM fix was USD 1,552.75, EUR 1,207.42 and GBP 1,019.60 per ounce.

Gold climbed $25.90 or 1.67% to $1,579.10/oz and silver rose 42 cents or 1.6% to $27.29/oz on the COMEX on Friday. Gold and silver were down 1.07% and 3.77% for the week.

Cross Currencies Table – Bloomberg

Gold futures in Tokyo jumped almost 5% to near all time [...]

Turkey’s Silver Imports Surge 31% and Gold Imports Climb to 8 Month High

by GoldCore

Today’s AM fix was USD 1,568.50, EUR 1,222.81 and GBP 1,038.40 per ounce.
Tuesday’s AM fix was USD 1,597.75, EUR 1,244.64 and GBP 1,051.64 per ounce.

Gold fell $23 or 1.45% yesterday while silver fell 76 cents or 2.7%.

Cross Currencies Table – Bloomberg

Gold has fallen to $1,570/oz as irrational exuberance continues in international markets with investors piling into equities as the U.S. stock market ‘crack up boom’ continues … for now.

Risk [...]

Russia And South Africa To Create OPEC ‘Platinum Cartel’

by Gold Core

Today’s AM fix was USD 1,591.00, EUR 1,243.75 and GBP 1,052.39 per ounce.
Yesterday’s AM fix was USD 1,597.25, EUR 1,241.35 and GBP 1,052.21 per ounce.

Silver is trading at $28.35/oz, €22.27/oz and £18.84/oz. Platinum is trading at $1,576.50/oz, palladium at $756.00/oz and rhodium at $1,200/oz.

Gold fell $5.30 or 0.33% and closed yesterday at $1,599.10/oz. Silver finished -0.38% with a low of $28.62.

Precious Metals and Currencies Table – (Bloomberg)

Gold is slightly [...]

Italians Value Gold Reserves – EU Deposits To Flow To Gold

by GoldCore

 

Today’s AM fix was USD 1,597.25, EUR 1,241.35 and GBP 1,052.21 per ounce.
Yesterday’s AM fix was USD 1,602.25, EUR 1,232.97 and GBP 1,053.70 per ounce.

Silver is trading at $28.86/oz, €22.53/oz and £19.12/oz. Platinum is trading at $1,578.00/oz, palladium at $759.00/oz and rhodium at $1,225/oz.

Gold fell $3.20 or 0.2% and closed yesterday at $1,604.40/oz. Silver finished +0.41% at $28.81.

Cross Currency Table – (Bloomberg)

Gold is slightly lower in most major currencies [...]

Gold +2.5% In Euros – EU Considering Deposit Withdrawal Restrictions And Capital Controls

by GoldCore

Today’s AM fix was USD 1,611.50, EUR 1,246.62 and GBP 1,059.99 per ounce.
Yesterday’s AM fix was USD 1,608.75, EUR 1,246.42 and GBP 1,059.43 per ounce.

Silver is trading at $29.05/oz, €22.52/oz and £19.19/oz. Platinum is trading at $1,588.50/oz, palladium at $751.00/oz and rhodium at $1,250/oz.

Gold climbed $8.70 or 0.43% and closed yesterday at $1,614.40/oz. Silver reached $29.31 and finished +1.29%.

Cross Currency Table – (Bloomberg)

Gold is slightly lower in all major [...]

“Gold Is The Ultimate Money” says Ron Paul

by GoldCore

 

Today’s AM fix was USD 1,608.75, EUR 1,246.42 and GBP 1,059.43 per ounce.
Yesterday’s AM fix was USD 1,611.50, EUR 1,247.10 and GBP 1,064.12 per ounce.

Silver is trading at $28.94/oz, €22.49/oz and £19.13/oz. Platinum is trading at $1,587.75/oz, palladium at $757.00/oz and rhodium at $1,250/oz.

Gold fell $6.90 or 0.43% and closed yesterday at $1,605.70/oz. Silver finished down 0.38%.

The mooted savings levy in Cyprus is a form of wealth confiscation on [...]

JP Morgan Cleared Of Conspiracy “To Drive Down Silver Prices”

by GoldCore

Today’s AM fix was USD 1,602.50, EUR 1,238.41 and GBP 1,059.78 per ounce.
Yesterday’s AM fix was USD 1,599.50, EUR 1,236.09 and GBP 1,057.45 per ounce.

Silver is trading at $28.86/oz, €22.38/oz and £19.16/oz. Platinum is trading at $1,605.25/oz, palladium at $757.00/oz and rhodium at $1,250/oz.

Gold climbed $13.70 or 0.86% and closed yesterday at $1,578.10/oz. Silver hit a high of $29.05 finished +0.56%. A national holiday was observed in Ireland yesterday [...]

Savings Confiscation Risks ‘Bank Runs’ – Highlights Importance of Owning Gold

by GoldCore

Today’s AM fix was USD 1,599.50, EUR 1,236.09 and GBP 1,057.45 per ounce.
Friday’s AM fix was USD 1,593.25, EUR 1,219.39 and GBP 1,051.23 per ounce.

Gold rose above $1,600/oz for the first time in more than two weeks on news of the savings confiscation in Cyprus. The euro fell against all currencies and particularly gold. Gold in euro terms rose 1.8%, from €1,218/oz at the close on Friday to €1,240/oz [...]

Gold And Silver Manipulation At London AM Fix Or New York COMEX?

by GoldCore

 

Today’s AM fix was USD 1,593.25, EUR 1,219.39 and GBP 1,051.23 per ounce.
Yesterday’s AM fix was USD 1585.00, EUR 1225.83 and GBP 1061.05 per ounce.

Gold was marginally higher yesterday and silver marginally lower. Gold rose just 20 cents and closed at $1,588.50/oz. Silver fell 15 cents to close at $28.75/oz.

Silver is trading at $28.80/oz, €22.40/oz and £19.20/oz. Platinum rose to $1,587.25/oz, palladium to $771.00/oz and rhodium stayed at $1,250/oz.

Gold [...]

Silver Experts Answer Questions On Outlook, Safest Way To Own Silver, Confiscation and Manipulation

by GoldCore

 

Today’s AM fix was USD 1,585.00, EUR 1,225.83 and GBP 1,061.05 per ounce.
Yesterday’s AM fix USD 1,591.50, EUR 1,221.98 and GBP 1,062.42 was per ounce.

Both gold and silver fell slightly yesterday. Gold fell $5.00 and closed at $1,588.30/oz. Silver fell 25 cents to close at $28.90/oz.

Silver is trading at $28.80/oz, €22.37/oz and £19.36/oz.

Platinum fell to $1,587.25/oz, palladium to $761.00/oz and rhodium rose to $1,250/oz.

Gold continues to steady near [...]

Russia, Korea And Central Banks Accumulate Gold On Dip Below $1,600/oz

by GoldCore

 

Today’s AM fix was USD 1,580.50, EUR 1,213.25 and GBP 1,054.02 per ounce.
Yesterday’s AM fix was USD 1,574.00, EUR 1,207.98 and GBP 1,043.42 per ounce.

Silver is trading at $28.94/oz, €22.33/oz and £19.37/oz. Platinum is trading at $1,602.50/oz, palladium at $746.00/oz and rhodium at $1,200/oz.

Gold climbed $8.40 or 0.53% yesterday in New York and closed at $1,583.40/oz. Silver finished with a gain of 1.33%.

Gold edged lower today and sentiment remains poor [...]

Dow Down 50% Against Gold Since Last Record Dow in October 2007

by Gold Core

Today’s AM fix was USD 1,574.00, EUR 1,207.98 and GBP 1,043.42 per ounce.
Yesterday’s AM fix was USD 1,584.25, EUR 1,214.82 and GBP 1,044.33 per ounce.

Silver is trading at $28.68/oz, €22.10/oz and £19.09/oz. Platinum is trading at $1,596.70/oz, palladium at $736.00/oz and rhodium at $1,200/oz.

Gold rose $1.20 or 0.08% yesterday in New York and closed at $1,575.00/oz. Silver surged to a high of $29.07 and fell down to $28.51, but [...]

Chart Of The Day: China’s $3.3 Trillion FX Reserves Could Buy All World’s Gold Twice

From GoldCore

China’s $3.3 Trillion FX Reserves Could Buy All World’s Gold Twice

Today’s AM fix was USD 1,578.00, EUR 1,214.13 and GBP 1,049.06 per ounce.
Friday’s AM fix was USD 1,570.00, EUR 1,203.99 and GBP 1,043.74 per ounce.

Silver is trading at $28.75/oz, €22.11/oz and £19.20/oz. Platinum is trading at $1,584.25/oz, palladium at $719.00/oz and rhodium at $1,200/oz.

Gold fell $4.80 or 0.,31%% on Friday in New York and closed at $1,575.60/oz. Silver surged to a [...]

Gold Down In February – Weak Hands Sell On Poor Sentiment; Smart Money Holds Or Adds To Positions

by Gold Core

Today’s AM fix was USD 1,570.00, EUR 1,203.99 and GBP 1,043.74 per ounce.
Yesterday’s AM fix was USD 1,591.00, EUR 1,213.39 and GBP 1,049.20 per ounce.

Gold fell $16.70 or 1.05% yesterday in New York and closed at $1,580.40/oz. Silver slid to a low of $28.40 and finished with a loss of 1.66%.

Gold in USD – 2 Years – 50, 100 and 200 Day Moving Average – Bloomberg

Gold fell 5% in [...]

“Catastrophe For The Euro” To Lead To Real European Flight To Gold

by Gold Core

Today’s AM fix was USD 1,591.00, EUR 1,213.39 and GBP 1,049.20 per ounce.
Yesterday’s AM fix was USD 1,608.50, EUR 1,228.80 and GBP 1,062.28 per ounce.

Silver is trading at $28.94/oz, €22.15/oz and £19.12/oz. Platinum is trading at $1,598.50/oz, palladium at $738.00/oz and rhodium at $1,200/oz.

Gold fell $16.80 or 1.04% yesterday in New York and closed at $1,597.10/oz. Silver slid to a low of $28.84 and finished with a loss of [...]

GoldCore Insight – Currency Wars: Bye Bye Petrodollar – Buy, Buy Gold

by GoldCore

Today’s AM fix was USD 1,580.00, EUR 1,196.15 and GBP 1,034.78 per ounce.
Yesterday’s AM fix was USD 1,568.50, EUR 1,189.34 and GBP 1,030.96 per ounce.

Silver is trading at $28.65/oz, €21.80/oz and £18.81/oz. Platinum is trading at $1,611.50/oz, palladium at $731.00/oz and rhodium at $1,175/oz.

Gold climbed $12.30 or 0.79% yesterday in New York and closed at $1,576.90/oz. Silver surged to a high of $28.88 and finished with a gain of [...]

Fear In Gold Market As Hedge Funds And Retail Sell – HNW And Smart Money Accumulate Again

by GoldCore

Today’s AM fix was USD 1,568.50, EUR 1,189.34 and GBP 1,030.96 per ounce.
Yesterday’s AM fix was USD 1,602.00, EUR 1,195.34 and GBP 1,045.76 per ounce.

Silver is trading at $28.73/oz, €21.87/oz and £18.91/oz. Platinum is trading at $1,608.50/oz, palladium at $716.00/oz and rhodium at $1,200/oz.

Gold fell $40.30 or 2.51% yesterday in New York and closed at $1,564.30/oz. Silver slipped to a low of $28.28 and finished with a loss of [...]

China And India Demand Returns – SGE Volume Jumps to Record

by GoldCore

Today’s AM fix was USD 1,611.25, EUR 1,206.39 and GBP 1,041.53per ounce.
Friday’s AM fix was USD 1,629.25, EUR 1,221.42 and GBP 1,052.01 per ounce.

Silver is trading at $30.04/oz, €22.59/oz and £19.49/oz. Platinum is trading at $1,690.20/oz, palladium at $756.00/oz and rhodium at $1,225/oz.

Gold fell $36.70 or 1.63% on Friday and closed at $1,608.90/oz. Silver slid to a low of $29.68 and finished with a loss of 2.13%. In dollar [...]

End Currency Wars With Gold Standard? –Bloomberg Interview and FT Op-ed

by GoldCore

End Currency Wars With Gold Standard? –Bloomberg Interview and FT Op-ed

Today’s AM fix was USD 1,641.75, EUR 1,225.28 and GBP 1,053.15 per ounce.
Yesterday’s AM fix was USD 1,663.50, EUR 1,242.16 and GBP 1,057.94 per ounce.

Gold in USD, 1 Year – (Bloomberg)

Gold has dropped to its lowest level in over a month on low volumes due to Asia’s Lunar New Year holiday which has markets closed in Hong Kong, China, [...]

Gold In Euros Surges 1.8% After Draghi Warns; Soros Says EU May Collapse Like USSR

by GoldCore

Today’s AM fix was USD 1,669.75, EUR 1,245.15 and GBP 1,059.55 per ounce.
Yesterday’s AM fix was USD 1,675.75, EUR 1,235.99 and GBP 1,065.86 per ounce.

Silver is trading at $31.57/oz, €23.68/oz and £20.04/oz. Platinum is trading at $1,720.75/oz, palladium at $743.00/oz and rhodium at $1,225/oz.

Cross Currency and Precious Metal Table – (Bloomberg)

While gold fell in dollar terms yesterday, it surged 1.8% in euro terms from €1,235/oz, soon after the ECB [...]