Anthony Robbins Bullish On Gold – Faber and Bass His Financial Gurus

by GoldCore

 

Today’s AM fix was USD 1,619.00, EUR 1,289.83, and GBP 1,044.65 per ounce.
Yesterday’s AM fix was USD 1,612.75, EUR 1,286.19, and GBP 1,034.94 per ounce.

Gold climbed $7.20 or 0.45% yesterday in New York and closed at $1,618.80/oz.  Gold traded sideways in Asia prior to a sudden buying bout which saw gold rise from $1,618/oz to $1,625/oz. Those gains have gradually been given up in European trading where gold is [...]

‘The End Is Not Near, It Is Here and Now’ – Gold Legend Jim Sinclair

by GoldCore

 

Today’s AM fix was USD 1,576.00, EUR 1,264.34, and GBP 1,021.72 per ounce.
Yesterday’s AM fix was USD 1,620.75, EUR 1,288.66, and GBP 1,046.25 per ounce.

Silver is trading at $28.40/oz, €22.87/oz and £18.47/oz. Platinum is trading at $1,428.50/oz, palladium at $612.40/oz and rhodium at $1,200/oz.

Gold fell $28 or 1.73% yesterday in New York and closed at $1,591.60/oz.  Gold traded sideways prior to another 1% fall in Asia but has recovered [...]

Jim Rogers: “I Will Buy More” Gold – Still Long Term Bullish

From GoldCore:

Gold’s London AM fix this morning was USD 1,622.50, EUR 1,239.21, and GBP 1,022.82 per ounce. Yesterday’s AM fix was USD 1,631.75, EUR 1,239.65 and GBP 1,027.75 per ounce.

Silver is trading at $31.36/oz, €24.00/oz and £19.80/oz. Platinum is trading at $1,595.75/oz, palladium at $635.80/oz and rhodium at $1,350/oz.

Cross Currency Table – (Bloomberg)

Gold fell $27.90 or 1.69% in New York yesterday and closed at $1,618.40/oz. Gold ticked higher in Asia prior [...]

Gold Down 2% On FOMC Minutes – Fundamental Support From Negative Real Interest Rates

From GoldCore:

Gold’s London AM fix this morning was USD 1,631.75, EUR 1,239.65, and GBP 1,027.75 per ounce. Yesterday’s AM fix was USD 1,674.75, EUR 1,254.03 and GBP 1,044.17 per ounce.

Silver is trading at $32.01/oz, €24.31/oz and £20.16/oz. Platinum is trading at $1,622.20/oz, palladium at $640/oz and rhodium at $1,350/oz.

Cross Currency Table – (Bloomberg)

Gold fell $30.70 or 1.83% in New York yesterday and closed at $1,646.30/oz. Gold traded sideways in Asia prior [...]

Sharp Increase In Central Bank Gold Reserves – South Korea Up 17 Fold & Thailand 15.5% In 2 Months

From Gold Core

Sharp Increase in Central Bank Gold Reserves – South Korea Up 17 Fold & Thailand 15.5% in 2 Months

Gold is higher in all currencies today except for the Swiss franc and is trading at USD 1,629.20 , EUR 1,147.30 , GBP 1,000.20 and CHF 1,270.10 per ounce. Gold’s London AM fix was USD 1624.00, EUR 1145.28, GBP 997.30 (10:41 GMT).

Gold reached new record nominal highs [...]

Gold “Fever” in Asia and Central Bank Demand Could Cause an “Earthquake” in the Gold Market

From Gold Core

Gold “Fever” in Asia and Central Bank Demand Could Cause an “Earthquake” in the Gold Market

Gold is mixed against various currencies today but is higher in euros after the euro has fallen on concerns that European leaders gathering for the summit in Brussels may not be able to resolve the Eurozone’s debt crisis and prevent contagion in the financial system.

Cross Currency Rates

Gold is trading [...]

Gold to Rise on $14.3 Trillion U.S. Debt Limit Increase– Bloomberg Chart of the Day

From Gold Core

Gold to Rise on $14.3 Trillion U.S. Debt Limit Increase– Bloomberg Chart of the Day

Gold is flat in U.S. dollars and New Zealand dollars but marginally lower in most currencies today as increased risk appetite has seen risk assets rally despite poor fundamentals. Most Asian indices were higher, except the Chinese and Indian markets, and European indices have also risen.

Gold is trading at [...]

Gold to Correct After Front Page Financial Times Article? Gold in 2011 Vs the 1970’s and 1979

From GoldCore

Gold to Correct After Front Page Financial Times Article? Gold in 2011 Vs the 1970’s and 1979

Gold has fallen in most currencies today and is trading at USD 1,603, EUR 1,130, GBP 995 and CHF 1,315 per ounce. Gold is 0.3% higher in Swiss francs again today after the last two weeks of deepening turmoil saw gold rise in the Swiss franc.

Cross Currency Rates

While [...]

Gold and Silver Likely to Go Parabolic Due to ‘Global Shockwaves’ if U.S. Defaults

From Gold Core

Gold and Silver Likely to Go Parabolic Due to ‘Global Shockwaves’ if U.S. Defaults

Gold is some 0.5% lower against the U.S. dollar and most currencies today but is higher in Australian dollars as the Aussie fell on Australian and global economic growth concerns. Asian equity indices were mixed as are European indices.

Bond markets have seen subdued trading but Greek bonds are again under [...]

JP Morgan Accepts Gold Bullion as Collateral – A Sign Of Gold’s Further Remonetisation In The Global Financial And Monetary System.

by GoldCore

JP Morgan Accepts Gold Bullion as Collateral – Silver Backwardation to Lead to Short Squeeze?

Gold is marginally lower in euro, pound and dollar terms and marginally higher in Japanese yen and Swiss francs. Silver is higher in all currencies. With gold’s 0.51% higher close last week (first rise in 5 weeks) and silver’s 4% rally, the bears will be nervous that the recent downward [...]

Bernanke: “Catastrophic” Implications for U.S. Economy if $14.3 Trillion Debt Ceiling Not Raised

by GoldCore

Bernanke: “Catastrophic” Implications for U.S. Economy if $14.3 Trillion Debt Ceiling Not Raised

Gold and silver have given up a small bit of yesterday’s strong gains in all currencies (especially the euro – see chart below) but are up more than 1% and 3% respectively on the week. Asian equity indices were higher overnight and are higher for the week, except for India where there [...]

The market is clearly unstable.

First there was a 1000 INDU points in minutes and now within a 24 hour period a 3% move back and forth in the futures market. It’s going down, no it’s going up, hold on it’s going down again, no wait it’s heading up and so on and so forth.

The truth be told, the market is precisely where it was last Thursday, wresting with the EW pivot at 1090 and [...]