Subscription Options:

Subscribe via RSS

CFTC says hedge funds cut net longs in Gold by 40% last week

bullionstreet.com 

Speculative investors cut net longs in gold by 27,932 lots to 42,318 in the week to Feb. 19, the CFTC’s Commitment of Traders report said.

NEW YORK(BullionStreet): U.S. Commodity Futures Trading Commission said hedge funds and money managers cut their net long gold futures and options positions by 40 percent to their weakest level since November 2008, as an US equities rally amid a better economic outlook hit gold’s safe-haven appeal.

Managed money [...]

Gold And Silver Fall On Open In Asia As October Correction Continues

by GoldCore

Today’s AM fix was USD 1,747.25, EUR 1,347.56, and GBP 1,086.87 per ounce.
Friday’s AM fix was USD 1,767.00, EUR 1,362.80, and GBP 1,101.35 per ounce.

Silver is trading at $33.28/oz, €25.78/oz and £20.81/oz. Platinum is trading at $1,648.50/oz, palladium at $637.30/oz and rhodium at $1,175/oz.

Gold fell $13.10 or 1.49% in New York on Friday and closed at $1,754.40. Silver dropped to a low of $33.46 and ended trading with a [...]

Physical Gold (Via Mat, Perth Mint, Possession) and Paper Gold (Futures, Pool / Some Unallocated Accounts etc)

by GoldCore

Our Market Update on Friday led to queries regarding the nature of “paper gold”.

The important difference between actual physical gold and paper gold is something we have addressed frequently since 2003.

Some of our readers sought clarification as to whether Perth Mint Certificates are paper gold.

By paper gold, we do not mean Perth Mint Certificates. Perth Mint Certificates are fully backed by physical gold, silver, and platinum bullion.

By paper gold [...]

SkyNet Rising: Dutch, Belgian Futures And Options Markets Suspended

Help us Sarah Connor, you’re our only hope.

Source: NYSE Liffe