U.S. Mint June Silver Coin Sales At 4,651,429 Ounces – Record 2013 Likely

by GoldCore

Today’s AM fix was USD 1,386.25, EUR 1,039.71 and GBP 885.33 per ounce.
Yesterday’s AM fix was USD 1,377.25, EUR 1,036.77 and GBP 878.40 per ounce.

Gold climbed $10.00 or 0.73% yesterday to $1,388.70/oz and silver surged to $22.012 and finished up 0.37%.

Silver in USD, 5 Year – (Bloomberg)

Silver continues to perform very poorly and is down 28% year to date to make it one of the worst performing commodities [...]

Precious Metals Leasing Explained

Precious Metals Leasing Explained

by Miguel Perez-Santalla, BullionVault

Wednesday, 5 June 2013

 

What is precious metals leasing, and why is it done…?

 

LEASING is an integral part of the precious metals market, writes Miguel Perez-Santalla at BullionVault.

 

Why is it necessary? For a diverse number of reasons, the first is the need for industry to borrow instead of buying outright the metal. This enables them to avoid owning the metal at a fixed price if they [...]

Is the Mining Sector About to Explode Higher?

by Phoenix Capital Research

 

Is it time to buy Gold miners?

 

The precious metals mining sector was slammed with Gold’s sharp drop in prices in April. Mining companies are more “pie in the sky” than owning actual bullion, so mining shares typically move much more sharply than Gold does (see the figure below charting the price performance of Gold against the Gold mining ETF).

 

 

What’s interesting is that the Gold smackdown occurred just [...]

China Platinum Imports Rise – Bullish Platinum and Palladium Fundamentals

by GoldCore

 

Today’s AM fix was USD 1,385.25, EUR 1,071.43 and GBP 917.75 per ounce.
Yesterday’s AM fix was USD 1,378.75, EUR 1,070.21 and GBP 908.39 per ounce.

Gold fell $6.50 or 0.47% yesterday to $1,377.80/oz and silver finished down 0.56%.

The fundamentals of the platinum and palladium markets are beginning to receive market attention and not before time. The positive supply demand dynamics are leading to increased investment demand as seen in the [...]

THE RICH GOT OUT OF GOLD before the Crash

George Soros, founder and chairman of Soros Fund Management reduced his holdings of exchange-traded products backed by gold before a price plunge last month that saw the precious metal lose 12 percent in value.

A Securities and Exchange Commission filing for Soros Fund Management shows that Soros reduced his stake in the SPDR Gold Trust from 600,000 shares in December 31 to 530,900 by March 31. The stake is now valued at just [...]

The Road to Confiscation: Connecticut Joins Illinois with Gold & Silver Registration Bill

In 2012, the Illinois General Assembly passed the Precious Metal Purchasing Act. SB3341 states
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 precious metal in cash and shall record the [...]

Hedge fund sells equities, buys $200 million in physical gold

Investec’s Alastair Mundy has moved a significant portion of his £2.5bn Cautious Managed fund into gold bullion for the first time following savage price falls for the precious metal.

 

Mundy (pictured), who has been reducing his exposure to equities after a variety of indices hit record highs, said he has put 5% of his portfolio into physical gold in the last few weeks, after the precious metal fell in price by more [...]

How Low Can They Go?—Gold Breaking Points: Killian Charles

How Low Can They Go?—Gold Breaking Points: Killian Charles

Brian Sylvester of The Gold Report (4/22/13)

Killian Charles, an analyst with Industrial Alliance in Montreal, isn’t too concerned if the gold price hits $1,300 an ounce or even $1,000. He’s more concerned with the gold breaking point. How low can the gold price go without breaking a project? Investors will be surprised to know that a wealth of junior miners are lean [...]

Gregory Mannarino- The Political Class wants Americans Stupid

 

John Manfreda of Wall Street for Main Street interviews Gregory Mannarino about the Precious Metals Takedown, the upcoming Metal Mania, China, Putin, Resource Scarcity, his book the Politics of Money, and many more topics
- Be Sure to Visit Greg’s Website at https://traderschoice.net/

US MINT Sells RECORD 63,500 Ounces of GOLD….IN ONE DAY

US Mint Sells Record 63,500 Ounces Of Gold In One Day

According to today’s data from the US Mint, a record 63,500 ounces, or a whopping 2 tons, of gold were reported sold on April 17th alone, bringing the total sales for the month to a whopping 147,000 ounces, or more than the previous two months combined with just half of the month gone. 

So how long until the US mint “runs out” of American Eagles [...]

Physical gold purchases exploding around the world

We noted here that the plunge in the paper price of gold (and silver) had prompted considerable renewed demand for physical and now it seems the scramble among the “more stable investor base” is increasing. The shake out of ETFs and futures has left theAustralian mint short of deliverables and Japanese and Chinese gold retailers seeing a “frenzied” surge in demand. The customers are not just the ‘rich’ or ‘elderly’; in China “they tend to wear water [...]

The Market Is Flashing Signs Of ‘Deep Instability’ And Very Sensitive To Negative Surprises.. GOLDMAN: Brace Yourself For More ETF Selling Of Gold Holdings… More Liquidation Ahead?

The Market Is Flashing Signs Of ‘Deep Instability’

The latest is the jitters in Germany.

Sebastien Galy of ScoGen sees this as a sign of rising jitters and instability.

It took only some speculation of a German downgrade to send the DAX plunging sharply lower, before it partially recovered. The sensitivity of different markets to negative surprises seems to have risen sharply recently, particularly in Europe and the broad EM spectrum. It suggests [...]

‘PANIC IS EVERYWHERE’: Gold Market Crashes, Chinese Growth Slows, ECB Put Pressure On Insolvent European Country To Sell Gold To Fund The Bailout, Wells Fargo, JPMorgan, Citi Results Suggest Housing Market Slowing And Consumer Is Still Deleveraging. Will Investors Start Dumping Stocks?

A Complete Look At China’s Latest Disappointing Data In One Chart

China just released its latest batch of economic data which showed that economic growth missed analyst expectations.

First here’s a look at the latest data from China, including trade and inflation data that were released last week:

 

Business Insider

Gartman on Gold: We’ve Never Seen Anything Like It

Gold prices continued to plummet Monday on concern that Cyprus will have to sell excess reserves of the precious metal to raise [...]

This could be the most important silver chart you’ll see all year

From The Short Side of Long:

Today’s chart refocuses on the precious-metal sector and in particular investor positioning towards Silver. Hedge funds and other speculators are now so negative on the metal, that the short positions have reached the highest level in the last 17 years (possibly even longer).

So what does this mean?

Judging by the historical price action over the last two decades, whenever speculators have held such enormous bearish positions, [...]

“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 [...]

Recycling, Not Mining, Is the Future for Securing Immediate Platinum Group Metal Supply

Recycling, Not Mining, Is the Future for Securing Immediate Platinum Group Metal Supply

JT Long of The Metals Report (3/12/13)

The biggest new source for platinum group metals just might be what Jack Lifton calls “the rubber tire mine.” Noting that removing the catalytic converter from a car’s emission system produces a rate of return that rivals the production rates of the South African platinum giants, Byron King agrees that recycling [...]

Fund Managers Are Shorting Gold Like Crazy!

As gold breaks through death crosses and so forth, falling below $1600, sentiment against the precious metal is changing rapidly. People are more comfortable getting bearish on it.

Dow Jones reports that, according to CFTC data, fund manager short bets are hitting record levels (via Nicola Duke).

http://finance.yahoo.com/news/fund-managers-shorting-gold-crazy-085906681.html

Why on earth would a government seek to control the sale of a few ounces of silver?

From International Man:

Recently, a reader, Harry Morgan, [described] a problem that he encountered in selling 10 ounces of silver to a local jewelry store.

Mr. Morgan was successful in selling his silver to the store, but before the transaction could be made, he had to submit to mandatory fingerprinting. He then found that payment for precious metals in excess of $600 must be by cheque, necessitating a deposit into a bank [...]

Record Dollar Value Gold Demand In 2012 – India, China and Central Banks Buy

by GoldCore

Today’s AM fix was USD 1,644.00, EUR 1,233.22 and GBP 1,060.37 per ounce.
Yesterday’s AM fix was USD 1,648.00, EUR 1,223.55 and GBP 1,054.59 per ounce.

Silver is trading at $30.85/oz, €23.24/oz and £19.98/oz. Platinum is trading at $1,730.84/oz, palladium at $765.00/oz and rhodium at $1,200/oz.

Cross Currency and Precious Metal Table – (Bloomberg)

Gold fell $8.50 or 0.51% yesterday on closing at $1,643.00/oz. Silver slipped to as low as $30.72 and ended [...]

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 [...]

Gold Sentiment Poor Due To Range Bound Trade and Banks Bearish Predictions

by GoldCore

Today’s AM fix was USD 1,675.75, EUR 1,235.99 and GBP 1,065.86 per ounce.
Yesterday’s AM fix was USD 1,670.00, EUR 1,234.93 and GBP 1,066.55 per ounce.

Cross Currency and Precious Metal Table – (Bloomberg)

Gold climbed $4.50 or 0.27% yesterday closing at $1,677.50/oz. Silver closed up 0.13% at $31.83.

Silver is trading at $31.80/oz, €23.54/oz and £20.32/oz. Platinum is trading at $1,741.75/oz, palladium at $763.00/oz and rhodium at $1,225/oz.

Gold is little changed today [...]

MARC FABER: `I’M HYPER BEARISH, SOMETIMES WANT TO JUMP OUT WINDOW’

When’s the Breaking Point? A Huge Breakout In Bullishness As US Macro Turns Negative – Worst In Almost 5 Months!! Global Jobless To Hit Record 200 Million This Year Due To The Seriousness of The Crisis. 

 

Buying Gold Is Best Bet in Worst-Case Scenario, Faber Says

Everyone should keep gold in their portfolios as the precious metal will be able to offer value to investors even in a worst-case scenario, said Marc Faber, the [...]

Illinois Government Wants Gold Registration

Control freak and revenue hungry government wants to audit gold sales.

Kurt Nimmo
Infowars.com
January 10, 2012

Rick Santelli on CNBC.

Prior to the failure of the Illinois legislature to force citizens to register outlawed firearms, the state moved to place restrictions on the sale of gold.

In 2012, the Illinois General Assembly passed the Precious Metal Purchasing Act. SB3341states

that a person who is in the business of purchasing precious metal shall obtain a proof of ownership, create a [...]

“The Precious Metal Purchasing Act” From Executive Order 6102 – Santelli’s Take

from Zero Hedge:

“Ever heard of SB3341?” is Rick Santelli’s opening salvo in today’s rantless discussion of the concerns he has with Illinois’ ‘Precious Metal Purchasing Act’. While passed in the Illinois Senate last year, and moth-balled in the House since, Rick notes that “the long and short of it is is they want an audit trail to any precious metals, whether you’re talking coins or bullion.” It does not seem too much of [...]

Bill to Register Buyers of Gold and Silver Coins

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 [...]

Illinois Targets Precious Metals Sellers & Buyers With ‘The Precious Metal Purchasing Act’

Thanks to SGT report reader Taff for bringing this one to our attention. This Bill was first introduced in February 2012. Currently the Bill is in Committee. But don’t worry, just like they’re targeting the Second Amendment in Illinois, home to the criminal known as Rahm Emanuel, and former home to one Barack Hussein Obama aka Barry Soetoro, Illinois is coming after your right to buy and sell physical precious [...]

Gold Price – Friday January 4th Could Have Marked A Significant Cycle Low

by Zentrader, goldsilverworlds

The week closed out with some truly amazing action, and to a large extent expected too.  Within the mid-week report I noted the following:

“The currently marked Cycle remains as this being a very late stage Daily Cycle that is trapping investors before its final collapse.  If this scenario holds true, then gold should fall tomorrow or Friday and spend the next 5 days falling into a DCL and ICL.” 

The amazing [...]

Gold Falls 3.3% in a Day as FOMC Minutes Suggest QE Could End This Year

London Gold Market Report

from Ben Traynor

BullionVault

Friday 4 January 2013, 07:00 EST

 

Gold Falls 3.3% in a Day as FOMC Minutes Suggest QE Could End This Year

 

WHOLESALE Gold Prices fell below $1630 per ounce Friday morning in London, their lowest level since last August and 3.3% below where they were 24 hours earlier, while stocks and commodities also fell and the Dollar gained after Federal Reserve minutes appeared to suggest some policymakers see [...]

‘Fiscal Cliff’ Distracts As ‘Fiscal Abyss’ In Japan, UK and U.S. Cometh

by GoldCore Gold Bullion

Today’s AM fix was USD 1,658.75, EUR 1,259.68 and GBP 1,031.37 per ounce.
Yesterday’s AM fix was USD 1,655.25, EUR 1,247.65 and GBP 1,022.96 per ounce.

Silver is trading at $30.16/oz, €22.97/oz and £18.79/oz. Platinum is trading at $1,533.70/oz, palladium at $701.00/oz and rhodium at $1,040/oz.

Gold climbed $4.10 or 0.25% in New York yesterday and closed at $1,664.20/oz. Silver slipped to $29.685 in London, but it rose to a [...]

Twenty Reasons to Buy Silver for the Long-Term!

Silverseek.com / By Mark Thomas / December 25th, 2012

As the author of www.SilverPriceAdvisor.com I believe that silver could go to $60 per ounce from today’s price of just $30 by the end of 2014. That would be double from today’s current prices in just a little over two years! I also believe silver will be the best single investment of this decade. The following article is focused on why I think that you should [...]

Byron King: How to Up Your Investing IQ with Gold

Byron King: How to Up Your Investing IQ with Gold

Source: Brian Sylvester of The Gold Report (12/19/12)

Have you ever actually held gold in your hands? Byron King, editor of the Outstanding Investments and Energy & Scarcity Investor newsletters, suggests that you do. But becoming a smart investor shouldn’t just be about physical gold, King says. He also encourages investors to use investments in gold mining juniors to increase their exposure [...]

PANIC OVER: Its OK $250Billion of GOLD is really there and SAFE in the BANK OF ENGLAND….?

Cavern hidden deep under London holds gold haul weighing 4,600 tonnes
Gold bars are displayed ‘just like duty-free chocolate at the airport’

Professor given access to nation’s extraordinary wealth for documentary

Each shelf is worth £35million but exact location cannot be revealed 

Lying deep beneath the streets of London, hidden in the secret vaults of the Bank of England, is 4,600 tonnes of ‘forgotten gold’.

Worth £197billion pounds, the rows of gold bullions – which [...]