Precious Metals Hit 3-Week Lows, ETFs “Could Sell Another 250 Tonnes of Gold”

London Gold Market Report

from Ben Traynor, BullionVault

Wednesday 15 May 2013, 08:15 EDT

 

Precious Metals Hit 3-Week Lows, ETFs “Could Sell Another 250 Tonnes of Gold” 

 

WHOLESALE gold bullion prices fell to three week lows around $1410 an ounce Wednesday, as European stock markets ticked higher, reversing earlier losses following disappointing Eurozone growth data.

 

Gold in Euros fell as low as €1094 an ounce, while gold in Sterling fell below £930 an ounce.

 

“Gold spot is approaching [...]

Gold “Could Retest $1322 Low”, G7 Meeting “A Chance to Consider More Monetary Activism”

London Gold Market Report

from Ben Traynor, BullionVault

Friday 10 May 2013, 07:30 EDT

 

Gold “Could Retest $1322 Low”, G7 Meeting “A Chance to Consider More Monetary Activism”

 

SPOT MARKET gold bullion prices fell to two-week lows Friday, drifting lower towards $1440 an ounce during this morning’s London session before dropping sharply through that level, as stocks gained and most commodities fell as the Dollar strengthened against major currencies.

 

Silver fell to $23.34 an ounce, while copper [...]

“Safe Haven Demand Lower” for Gold as Stock Markets Hit New Highs

London Gold Market Report

from Ben Traynor, BullionVault

Wednesday 8 May 2013, 07:30 EDT

 

“Safe Haven Demand Lower” for Gold as Stock Markets Hit New Highs

 

WHOLESALE market prices for buying gold climbed back above $1460 an ounce during Wednesday morning’s London trading, in line with its range over the last week, as stocks gained and longer-dated US Treasuries dipped ahead of an auction of 10-year bonds later today.

 

Silver climbed back above $23.90 an ounce, while copper [...]

ETF Selling “Key Downside Risk” as Gold “Struggles in Sideways Resistance Range”

London Gold Market Report

from Ben Traynor, BullionVault

Tuesday 7 May 2013, 07:00 EDT

 

ETF Selling “Key Downside Risk” as Gold “Struggles in Sideways Resistance Range”

 

WHOLESALE gold market prices fell to $1460 an ounce Tuesday morning, around ten Dollars lower than where it closed last week, as the FTSE in London ticked higher following yesterday’s UK bank holiday.

 

Other European stock markets also edged higher, while the Euro gained against the Dollar immediately following the [...]

Precious Metals “Trading Sideways” Ahead of Fed Decision

London Gold Market Report

from Ben Traynor, BullionVault

Wednesday 1 May 2013, 07:30 EDT

 

Precious Metals “Trading Sideways” Ahead of Fed Decision

 

WHOLESALE prices for gold bullion drifted lower Wednesday morning in London, dipping below $1470 an ounce, though it remained slightly up on where it started the week after two-and-a-half days trading in a tight range, with China’s markets closed since last Friday until tomorrow for the Labor Day holiday.

 

Silver meantime fell towards $24 an [...]

Investors “Could Sell into Strength” as Gold Climbs Back Above $1400

London Gold Market Report

from Ben Traynor, BullionVault

Friday 19 April 2013, 08:00 EST

 

Investors “Could Sell into Strength” as Gold Climbs Back Above $1400

 

WHOLESALE gold prices rallied above $1400 an ounce Friday morning, with analysts continuing to point to strong demand for physical bullion following gold’s sharpest weekly price fall in over four years.

 

“Expect the market to sell into strength,” warns bullion bank Scotia Mocatta, whose technical analysts see support for gold at $1309 [...]

Gold Heads for Third Straight Weekly Fall in “Thin Market”, Euro Leaders “Can Do No More” for Cyprus

London Gold Market Report

from Ben Traynor, BullionVault

Friday 12 April 2013, 07:30 EST

 

Gold Heads for Third Straight Weekly Fall in “Thin Market”, Euro Leaders “Can Do No More” for Cyprus

 

U.S. DOLLAR gold prices fell below $1550 an ounce Friday morning, though they remained above last week’s low, as stocks and commodities also fell and the Dollar strengthened, with Eurozone finance ministers set to discuss Cyprus, Ireland and Portugal today.

 

“Current momentum favors a test [...]

Sentiment “Less Bullish” Towards Gold as Goldman Sachs Says “Go Short Gold”

London Gold Market Report

from Ben Traynor, BullionVault

Wednesday 10 April 2013, 07:30 EST

 

Sentiment “Less Bullish” Towards Gold as Goldman Sachs Says “Go Short Gold”

 

AFTER touching a one-week high yesterday, gold drifted lower Wednesday, ending London’s morning trading around $1580 an ounce, more-or-less where it started the week, while stocks gained and government bond prices fell.

 

Gold in Sterling was also trading in line with last week’s close at around £1032 an ounce, while [...]

Gold’s Fall “Exaggerated”, Another Big Move Down “Will Need to Break Through Big Support Level”

London Gold Market Report

from Ben Traynor, BullionVault

Friday 5 April 2013, 07:30 EST

 

Gold’s Fall “Exaggerated”, Another Big Move Down “Will Need to Break Through Big Support Level”

 

U.S. DOLLAR gold prices climbed back towards $1556 per ounce Friday morning in London, the level that was until yesterday’s falls the 2013 low, as stocks and commodities fell ahead of the release of monthly US jobs data.

 

Gold in Sterling climbed back above £1020 an ounce, up [...]

Interest in Gold “Disappears” as North Korea Tensions Rise, Silver “Acting More Like Base Metal than Store of Value”

London Gold Market Report

from Ben Traynor, BullionVault

Tuesday 2 April 2013, 07:00 EST

 

Interest in Gold “Disappears” as North Korea Tensions Rise, Silver “Acting More Like Base Metal than Store of Value”

 

U.S. DOLLAR prices to buy gold dipped back below $1600 an ounce Tuesday morning, though they remained close to that level by lunchtime in London, as the physical bullion market re-opened following the Easter break.

 

Stock markets edged higher in Europe despite news of record [...]

Gold Back Below $1600 after Cyprus Deal, “Could Test Low at $1522″

London Gold Market Report

from Ben Traynor, BullionVault

Monday 25 March 2013, 08:45 EST

 

Gold Back Below $1600 after Cyprus Deal, “Could Test Low at $1522″ 

 

U.S. DOLLAR gold prices fell back below $1600 per ounce Monday morning in London, falling back towards where they started last week, as stocks and commodities gained after news that Cyprus has agreed a bailout deal.

 

“We expect gold to move sideways this week with, however, a tendency for lower [...]

Gold “Needs to Break Above $1620 for Momentum”, European Leaders “Bullying” Cyprus

London Gold Market Report

from Ben Traynor

BullionVault

Friday 22 March 2013, 08:30 EST

 

Gold “Needs to Break Above $1620 for Momentum”, European Leaders “Bullying” Cyprus

 

U.S. DOLLAR gold prices continued to hover around $1610 per ounce Friday morning, dipping back below that level after making gains in Asian trading, while stocks and commodities were flat on the day ahead of a vote by Cyprus’s parliament on measures aimed at raising money and securing a bailout.

 

“[Gold's] [...]

Gold Uptrend “Could See Significant Damage”, Recent Falls “Largely Down to Futures Traders”

London Gold Market Report

from Ben Traynor

BullionVault

Monday 25 February 2013, 07:30 EST

 

Gold Uptrend “Could See Significant Damage”, Recent Falls “Largely Down to Futures Traders”

 

U.S. DOLLAR gold prices climbed back above $1590 an ounce Monday morning, extending gains from Friday following sharp losses last week, while stock markets also rallied, although the FTSE 100 in London saw smaller gains that other European indexes following news of a downgrade to Britain’s credit rating.

 

“Support [for [...]

Dollar Rally & Soros Sales See Gold Hit 6-Month Low as G20 Denies “Currency War”

London Gold Market Report

from Adrian Ash

BullionVault

Fri 15 Feb, 08:10 EST

 

Dollar Rally & Soros Sales See Gold Hit 6-Month Low as G20 Denies “Currency War”

 

GOLD PRICES fell again Friday morning in London, trading at a 6-month low beneath $1627 per ounce as the US Dollar continued to rise on the currency market.

Gold for Sterling investors touched a 2-week low beneath £1050, and Euro-gold held above Tuesday’s 8-month low at €1220 per [...]

Recent Optimism “Making Gold’s Safe Haven Properties Redundant” as Market “Driven by Currency Moves”

London Gold Market Report

from Ben Traynor

BullionVault

Monday 11 February 2013, 06:45 EST

 

Recent Optimism “Making Gold’s Safe Haven Properties Redundant” as Market “Driven by Currency Moves”

 

U.S. DOLLAR gold prices fell to a one-week low Monday morning in London, dropping to $1660 per ounce, as dealers in Asia reported quiet trading, with China celebrating the Lunar New Year holiday.

 

“We are neutral [on gold] until the current consolidation resolves itself,” says the latest technical analysis [...]

Gold Market “Lacks Direction and Commitment”, Asian Physical Demand “Quiet” Ahead of Chinese New Year

London Gold Market Report

from Ben Traynor

BullionVault

Friday 8 February 2013, 07:30 EST

 

Gold Market “Lacks Direction and Commitment”, Asian Physical Demand “Quiet” Ahead of Chinese New Year

 

WHOLESALE MARKET gold prices hovered just above $1670 per ounce Friday morning, virtually unchanged over 24 hours despite some sharp moves yesterday as the Euro fell following the European Central Bank’s monetary policy decision.

 

“This sideways price action is characteristic of a market lacking direction, commitment or inspiration,” [...]

Gold & Silver “Trapped” in Tight Range, Volatility Near Half-Decade Lows, as PGMs Grab Attention

London Gold Market Report

from Adrian Ash

BullionVault

Thurs 7 Feb, 08:05 EST

 

Gold & Silver “Trapped” in Tight Range, Volatility Near Half-Decade Lows, as PGMs Grab Attention

 

The GOLD PRICE eased $5 per ounce from a 2-day high in London trade Thursday morning, holding above $1676 as Asian stock markets closed lower but Europe held flat.

The Euro currency held onto a half-cent rise as the European Central Bank kept its key lending rate at [...]

Gold “Could Test Resistance After Consolidation”, Chinese Gold Imports from Hong Kong Set New Record

London Gold Market Report

from Ben Traynor

BullionVault

Tuesday 5 February 2013, 07:00 EST

 

Gold “Could Test Resistance After Consolidation”, Chinese Gold Imports from Hong Kong Set New Record

 

WHOLESALE MARKET gold bullion prices rose above $1680 an ounce Tuesday morning in London, trading close to last week’s high, as stocks, commodities and the Euro also gained and US Treasuries fell, following better-than-expected services sector data from Europe.

 

Silver meantime touched $32 an ounce for the first [...]

Gold Holding Steady as Chinese Demand “Slows”, Stronger Rupee “Would Revive Indian Bullion Interest”

London Gold Market Report

from Ben Traynor

BullionVault

Wednesday 23 January 2013, 07:30 EST

 

Gold Holding Steady as Chinese Demand “Slows”, Stronger Rupee “Would Revive Indian Bullion Interest”

 

GOLD continued to hover near one-month highs above $1690 an ounce Wednesday morning, where it has spent most of this week, with dealers in India and China citing a slowdown in physical bullion demand.

 

Silver climbed above $32.30 an ounce, a one-month high, as stocks and commodities were [...]

Gold “Needs to Break $1700 for Momentum”, Japan’s “Bold” Policies Could “Threaten Central Bank Independence”

London Gold Market Report

from Ben Traynor

BullionVault

Tuesday 22 January 2013, 08:00 EST

 

Gold “Needs to Break $1700 for Momentum”, Japan’s “Bold” Policies Could “Threaten Central Bank Independence”

 

U.S. DOLLAR gold prices  hovered above $1690 an ounce Tuesday morning in London, close to one-month highs, while prices in Yen quoted on Tokyo’s gold futures market set a new record, following an announcement of open-ended asset purchases and a new, higher inflation target by Japan’s [...]

Precious Metals Touch 1-Month Highs, “Buoyant” ETF Demand “Should Push Silver Price Higher”

London Gold Market Report

from Ben Traynor

BullionVault

Friday 18 January 2013, 08:00 EST

 

Precious Metals Touch 1-Month Highs, “Buoyant” ETF Demand “Should Push Silver Price Higher”

 

SPOT MARKET gold prices hovered around $1690 an ounce Friday morning in London, having touched a one-month high in earlier Asian trading, while European stock markets opened slightly higher after gains in Asia, following the release of the latest economic growth figures from China.

 

“[Gold] support is at $1625, [...]

Gold “Still Stuck in Range”, But Futures Traders “Could Provide Springboard for Sharp Rise in Price”

London Gold Market Report

from Ben Traynor

BullionVault

Monday 14 January 2013, 12:00 EST

 

Gold “Still Stuck in Range”, But Futures Traders “Could Provide Springboard for Sharp Rise in Price”

 

WHOLESALE gold bullion prices hovered just below $1670 an ounce Monday morning in London, having regained some ground after Friday’s losses, while stocks and commodities also ended the morning up on the day, while the Euro and the Chinese Yuan made gains against the Dollar.

 

“We saw a [...]

Gold Falls to One-Week Low, Democrats “Showing Cockiness” Over Fiscal Cliff

London Gold Market Report

from Ben Traynor

BullionVault

Wednesday 28 November 2012, 08:00 EST

 

Gold Falls to One-Week Low, Democrats “Showing Cockiness” Over Fiscal Cliff

 

THE DOLLAR gold price fell to a one-week low below $1735 per ounce Wednesday, as stocks and commodities also edged lower while the Dollar and US Treasuries gained despite ongoing uncertainty over how the US will address its deficit problems.

 

Silver fell to $33.73 an ounce, also a one-week low.

 

“We are bullish silver, [...]

Comex Options Expiry “Could See Gold Push to $1800″, Markets “Unimpressed” with “Very Ambitious” Greek Debt Deal

London Gold Market Report

from Ben Traynor

BullionVault

Tuesday 27 November 2012, 07:30 EST

 

Comex Options Expiry “Could See Gold Push to $1800″, Markets “Unimpressed” with “Very Ambitious” Greek Debt Deal

 

THE DOLLAR gold price fell below $1750 an ounce Tuesday morning, though it remained near to where it started the week, as stock markets recovered yesterday’s losses following news of a deal on Greece’s debt burden.

 

“We continue to be bullish so long as gold holds above [...]

Institutions “Losing Enthusiasm for Gold”, ECB Bank Supervision Plan Could Be Illegal say Lawyers

London Gold Market Report

from Ben Traynor

BullionVault

Thursday 18 October 2012, 07:45 EDT

 

Institutions “Losing Enthusiasm for Gold”, ECB Bank Supervision Plan Could Be Illegal say Lawyers

 

SPOT MARKET gold bullion prices fell towards $1740 per ounce Thursday lunchtime in London,  0.8% down on the week so far, while most European stock indexes also ticked lower ahead of today’s European leaders’ summit in Brussels.

 

“While [gold] holds below $1758 the risk is to the downside,” says the [...]

Gold Drops Below $1750, Bernanke Defends Monetary Easing, Germany’s Merkel Promises “No Uncontrollable Events” in Eurozone

London Gold Market Report

from Ben Traynor

BullionVault

Monday 15 October 2012, 07:15 EDT

 

Gold Drops Below $1750, Bernanke Defends Monetary Easing, Germany’s Merkel Promises “No Uncontrollable Events” in Eurozone

 

WHOLESALE MARKET gold bullion prices hovered in a narrow range below $1750 an ounce in Monday morning’s London session, after recovering some ground lost during Asian trading.

 

“We traded through lots of stop [losses] this morning,” said one trader in Singapore, after gold began the week by dropping [...]

MASSIVE COMEX SILVER WITHDRAWAL ON FRIDAY

There was a massive silver withdrawal out of the Comex on Friday.  Over the past week, there has been a steady increase in the total amount of silver in the Comex warehouses.

However, in one huge withdrawal, 17% of Brinks total REGISTERED silver inventory was removed on Friday.  I have not seen such a large withdrawal from the registered category for quite some time.

Furthermore, this single withdrawal from the Brinks registered catagory [...]

Gold Slips in Tight Range But Monetary Outlook “Rarely More Bullish” as US Debt Grows $21bn, IMF Warns of Eurozone “Capital Flight”

London Gold Market Report

from Adrian Ash

BullionVault

Weds 10 Oct, 07:40 EST

 

Gold Slips in Tight Range But Monetary Outlook “Rarely More Bullish” as US Debt Grows $21bn, IMF Warns of Eurozone “Capital Flight”

 

U.S. DOLLAR gold prices slipped for a third day in London on Wednesday, rallying from 2-week lows beneath $1761 per ounce as world stock markets also fell once again and industrial commodities held flat overall.

Silver bullion prices ticked higher to [...]

“Bull Trend Intact” for Gold, But “Zero Silver Demand” Seen in India

London Gold Market Report

from Ben Traynor

BullionVault

Monday 1 October 2012, 07:30 EDT

 

“Bull Trend Intact” for Gold, But “Zero Silver Demand” Seen in India

 

SPOT MARKET gold bullion prices dipped below $1770 an ounce during Monday morning London trading, though they remained in line with the last fortnight’s price action, while European stock markets rallied along with the Euro following news late last week that the capital needs of Spain’s banks are within existing [...]

Two-Week Low “Just What Gold Market Needed”, Long-Term Uptrend Seen Safe Above $1712

London Gold Market Report

from Adrian Ash

BullionVault

Thurs 27 Sept, 07:15 EST

 

Two-Week Low “Just What Gold Needed”, Long-Term Uptrend Seen Safe Above $1712

 

WHOLESALE-MARKET prices to buy gold eased $5 in London on Thursday after an overnight rally to $1760 per ounce.
The Euro currency also eased lower after rallying to $1.29 – some 2¢ below the 5-month high hit a fortnight ago – as Spain was set to unveil its latest government budget [...]

Euro-Gold Just 1% Off Record High as Jim Cramer & Deutsche Bank Agree “Gold Is Money”

London Gold Market Report

from Adrian Ash

BullionVault

Thurs 20 Sept, 07:30 EST

 

Euro-Gold Just 1% Off Record High as Jim Cramer & Deutsche Bank Agree “Gold Is Money”

 

WHOLESALE PRICES to buy gold using US Dollars or British Pounds fell Thursday morning to trade just 1% below their 7-month highs of the last week.

 

Commodity prices dropped once again with Asian and European equities, while major-economy government bonds rose after new data showed Chinese factory [...]

“Desperate” Central Banks “Should Benefit Gold”, German Court Backs Bailout Fund

London Gold Market Report

from Ben Traynor

BullionVault

Wednesday 12 September 2012, 07:30 EDT

 

“Desperate” Central Banks “Should Benefit Gold”, German Court Backs Bailout Fund

 

THE SPOT MARKET gold price touched a new six-month high at $1746 an ounce Wednesday morning, while stocks and the Euro also rallied following a ruling by Germany’s Constitutional Court cleared the way for the creation of a permanent Eurozone bailout fund.

 

“The price action remains bullish with support at $1700 and an [...]

Gold “Has Seen the Lows for the Year”, ECB Action Could Be “Supportive” for Gold

London Gold Market Report

from Ben Traynor

BullionVault

Wednesday 5 September 2012, 07:00 EDT

 

Gold “Has Seen the Lows for the Year”, ECB Action Could Be “Supportive” for Gold

 

SPOT MARKET gold prices fell briefly below $1690 an ounce Wednesday morning in London trading, remaining close to six-month highs, while stocks and commodities were also broadly flat, ahead of tomorrow’s policy announcement from the European Central Bank.

 

Silver prices dipped below $32 per ounce before recovering, ending the [...]

“ECB Bazooka Needed” as Pressure on Spain “Set to Intensify”, Central Bank Action “Good for Gold”

London Gold Market Report

from Ben Traynor

BullionVault

Monday 3 September 2012, 06:30 EDT

 

“ECB Bazooka Needed” as Pressure on Spain “Set to Intensify”, Central Bank Action “Good for Gold”

 

SPOT MARKET gold prices hovered close to $1690 an ounce during Monday morning’s London trading, close to five month highs hit after Friday’s speech by US Federal Reserve chairman Ben Bernanke, in which he noted the US economic situation is “far from satisfactory”.

 

“Central banks are still [...]

HSBC Adjusts 1.2 Million Ounces Of Silver Into Eligible Vaults (NO MENTION OF THE CME OF THE MISSING 1.4 MILLION OUNCES OF REGISTERED SILVER)

silverdoctors.blogspot.com 

HSBC adjusted 1.2 million ounces of silver into eligible vaults on Wednesday- COMPLETELY UNACCOUNTED FOR!
COMEX WAREHOUSE SILVER INVENTORY UPDATE 12/22/11
*Brink’s received a small deposit of9.132 ounces into eligible vaults
*Brink’s also had a withdrawal of 108,856 ounces out of eligible vaults

*The Delaware Depository received a small deposit of 4,050ounces into eligible vaults

*No Changes for JP Morgan or Scotia Mocatta

*HSBC adjusted 1,182,386 ounces into eligible vaults.  This was an adjustment- meaning not a new deposit.  There was no corresponding adjustment out of registered vaults, [...]