London Gold Market Report
from Ben Traynor, BullionVault
Thursday 14 March 2013, 09:00 EST
Gold “Facing Competition from Stock Market” for Investment Dollars, CFTC Asks if Gold Fix Manipulated Like Libor
GOLD dropped below $1580 per ounce Thursday morning, while gold in Sterling and Euros fell back below £1060 and €1225 an ounce respectively, extending losses from a day earlier that following stronger-than-expected US retail sales data.
Like gold, silver drifted lower this morning, dipping [...]
by Gold Core
Today’s AM fix was USD 1,577.00, EUR 1,049.10 and GBP 1,204.18 per ounce.
Yesterday’s AM fix was USD 1,580.50, EUR 1,213.25 and GBP 1,054.02 per ounce.
Silver is trading at $28.81/oz, €22.04/oz and £19.24/oz. Platinum is trading at $1,604.50/oz, palladium at $760.00/oz and rhodium at $1,200/oz.
Gold fell $5.70 or 0.36% closed at $1,577.70/oz. Silver slid $0.19 or 0.65% to $28.86.
Gold and Silver ETF Holdings
Gold appears to be consolidating just below the [...]
Today’s AM fix was USD 1,692.25, EUR 1,268.84, and GBP 1,066.19 per ounce.
Yesterday’s AM fix was USD 1,692.50, EUR 1,268.17, and GBP 1,068.36 per ounce.
Silver is trading at $32.33/oz, €24.32/oz and £20.46/oz. Platinum is trading at $1,700.50/oz, palladium at $725.00/oz and rhodium at $1,200/oz.
Cross Currency Table – (Bloomberg)
Gold climbed $6.40 or 0.4% in New York yesterday and closed at $1,690.50/oz. Silver slipped to $31.79 in London, but it then [...]
London Gold Market Report
from Adrian Ash
Friday 30 Nov, 06:35 EST
Gold Recovers Pre-Jump-and-Slump Level, Forecast to Average $1920 in 2013
GOLD PRICES rose back to $1730 per ounce in early London trade on Friday – the same level seen just before last week’s late jump and subsequent 2.0% sell-off on Wednesday.
Silver touched a new 8-week high just shy of $34.40 per ounce, while the broader commodities market ticked lower.
Major-government debt prices were [...]
by GoldCore Gold Bullion
Today’s AM fix was USD 1,723.50, EUR 1,351.45, and GBP 1,087.66 per ounce.
Yesterday’s AM fix was USD 1,724.50, EUR 1,353.08, and GBP 1,085.21 per ounce.
Silver is trading at $32.53/oz, €25.60/oz and £20.52/oz. Platinum is trading at $1,573.50/oz, palladium at $627.75/oz and rhodium at $1,100/oz.
Gold was relatively unchanged up $0.50 or 0.03% in New York yesterday and closed at $1,725.00. Silver fell to a low of $32.36 and [...]
London Gold Market Report
from Adrian Ash
Thurs 1 Nov, 09:00 EST
Gold & Silver Rise as China’s Long-Term Demand Forecast to Keep Growing
WHOLESALE PRICES to buy gold rose to 7-session highs in London on Thursday morning, touching $1726 per ounce even as new data showed US employment rising at its fastest pace since February.
The private-sector ADP payrolls report said the US added 158,000 jobs in October. Earlier data from the manufacturing sector [...]
Yesterday Australia reported its gold exports to China are up 900% in 2012. Gold imports by India are expected to rise to 200 tons in Q4.
While the West continues to dump it’s phyzz, the East continues to STACK THE SMACK & bring it home by the truckload.
Gold imports by India, the world’s largest buyer, are set to climb for the first time in six quarters as a decline in domestic bullion prices [...]
Today’s AM fix was USD 1,603.50, EUR 1,306.74, and GBP 1,021.34 per ounce.
Yesterday’s AM fix was USD 1,594.75, EUR 1,293.60 and GBP 1,016.74 per ounce.
Silver is trading at $27.91/oz, €22.81/oz and £17.85/oz. Platinum is trading at $1,401.00/oz, palladium at $574.40/oz and rhodium at $1,075/oz.
Gold rose $4.50 or 0.28% in New York yesterday and closed at $1,604.10/oz. Silver edged off and recovered to a high of $27.99 and finished with [...]
Soros Gold Action Speaks Louder Than Trumpeted ‘Bubble’ Words
Today’s AM fix was USD 1,594.75, EUR 1,293.60, and GBP 1,016.74 per ounce.
Yesterday’s AM fix was USD 1,614.50, EUR 1,305.60 and GBP 1,028.34 per ounce.
Silver is trading at $27.70/oz, €22.65/oz and £17.74/oz. Platinum is trading at $1,401.25/oz, palladium at $571.75/oz and rhodium at $1,060/oz.
Gold dropped $8.70 or 0.54% in New York yesterday and closed at $1,599.60/oz. Silver climbed higher before retreating to [...]
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 [...]
WHY GOLD WILL ERUPT
Intervention, manipulation and suppression
We have gold intervention, manipulation and suppression by governments, banks and hedge funds. We have a paper market in gold which is around 100 bigger than the physical market, facilitating this market intervention.
Governments dislike gold since it reveals their deceitful actions in destroying the value of paper money by printing unlimited amounts of it. The media don’t understand gold. Financial TV ridicules gold and [...]
Italian and Spanish bond yields
Please notice the graphs and yields for 10 year bonds in Italy (currently at 6.04%) and Spain (currently at 6.44%). The bailout rally did not last and bond yields are turning higher.
Spanish Yields Surge As Bank Bailout Stokes Sovereign Debt Fears
Infosys Skirts Italy, Spain Software Deals on Euro Crisis
ECB Financing to Portuguese Banks Increased to Record in May
Puerto Rico Borrowing Costs Rise on Rating Concern: Muni Credit
Spain told it will [...]
Today’s AM fix was USD 1,633.25, EUR 1,305.45, and GBP 1,057.33 per ounce.
Friday’s PM fix was USD 1,606.00, EUR 1,292.76, and GBP 1,041.76 per ounce.
Silver is trading at $29.35/oz, €23.57/oz and £19.03/oz. Platinum is trading at $1,469.00/oz, palladium at $622.00/oz and rhodium at $1,200/oz.
The ECB has left its benchmark refi rate at 1.0% as expected. The deposit rates remains at 0.25 pct and the marginal lending rate at 1.75 [...]
Jewelery demand fell 19 percent and investment demand fell 46 percent, as gold demand in India dropped a total of 29 percent, or 207.6 tonnes (t).
The drop in demand in India was to be expected, as India rolled out two tax increases on gold. The second hike revealed in the country’s budget has since been withdrawn.
Gold demand in India was affected in Q1 2012 by a number of factors; a new tax on gold jewelery, [...]
The Silver Institute’s “World Silver Survey 2012″ report hasn’t surprised investors and market participants. Silver mining output hit record highs last year, while silver demand from end users and investors remained robust – despite silver’s correction phase which started close to a year ago. The Silver Institute is one of the most important organisations in the silver sector, comprising producers, dealers and numerous companies that use silver. Thus, this study is of [...]
Four key elements suggest that gold is due for a break-out from its current trading range and point to such a move happening very soon with new highs by the summer.
Author: Barry Stuppler
Posted: Friday , 24 Feb 2012
WOODLAND HILLS, CA -
I believe that all the elements are now in place for a Gold break-out move from the current $1700/$1760 trading range. This move will happen very soon. There will be a short [...]
Following the barrage of 13Fs released two days ago, another hedge fund that has eventually found its way to the one undilutable currency is Steve Mandel’s Lone Pine. His thoughts on the matter need no commentary: ‘We re-established a position in gold during the quarter. Although we certainly have misgivings about an asset that does not produce cash, it seems very likely that developed market governments will try to inflate away [...]