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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 [...] London Gold Market Report from Ben Traynor, BullionVault Monday 29 April 2013, 07:45 EST
Gold “Getting Key Support” from Retail Demand, But Investor Confidence “Has Been Dealt Severe Blow”
GOLD started the week by edging higher Monday, trading around $1475 per ounce by lunchtime in London, as stocks also gained, US Treasuries were broadly flat and the Euro edged higher against the Dollar following news that Italy’s borrowing costs have fallen.
Strong demand for physical gold from [...] London Gold Market Report from Ben Traynor, BullionVault Tuesday 23 April 2013, 07:45 EST
“Gold Rush” in China “Biggest in Half a Century” But ETFs Still Liquidating
WHOLESALE gold bullion prices rallied back above $1420 an ounce Tuesday morning in London, having earlier dipped back towards where they started the week following yesterday’s 2% jump amid what one Hong Kong dealer suggested was the biggest rush to buy gold in half a century.
Silver meantime climbed back [...] London Gold Market Report from Ben Traynor, BullionVault Monday 15 April 2013, 06:00 EST
Gold’s Demise “Still in Early Stages” as Price Drops Below $1400
SPOT MARKET gold prices fell to a two-year low below $1400 an ounce Monday morning, extending Friday’s drop that took gold into bear market territory under the definition of a 20% fall from its peak.
Silver fell as low as $23.11 an ounce, its lowest level since October 2010, as stocks [...] From StockCharts Blog: Intel gave a lift to the Market Vectors Semiconductor ETF (SMH) and Semiconductor SPDR (XSD) with a 3.13% advance on the highest volume since late February. Notice how the stock formed a higher low with the late February surge and then… Read full article (with chart)… 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 [...] 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] [...] by GoldCore
Today’s AM fix was USD 1,585.00, EUR 1,225.83 and GBP 1,061.05 per ounce. Both gold and silver fell slightly yesterday. Gold fell $5.00 and closed at $1,588.30/oz. Silver fell 25 cents to close at $28.90/oz. Silver is trading at $28.80/oz, €22.37/oz and £19.36/oz. Platinum fell to $1,587.25/oz, palladium to $761.00/oz and rhodium rose to $1,250/oz. Gold continues to steady near [...] by GoldCore Today’s AM fix was USD 1,629.25, EUR 1,221.42 and GBP 1,052.01 per ounce. Silver is trading at $30.26/oz, €22.80/oz and £19.61/oz. Platinum is trading at $1,692.50/oz, palladium at $759.00/oz and rhodium at $1,225/oz. Gold in USD (1 Year) Gold dropped $7.40 or 0.45% yesterday and closed at $1,635.60/oz. Silver finished with a loss of 1.04% at $30.45/oz. Gold’s decline was [...] by GoldCore Today’s AM fix was USD 1,741.00, EUR 1,347.00, and GBP 1,087.38 per ounce. Silver is trading at $33.80/oz, €26.32/oz and £21.23/oz. Platinum is trading at $1,605.00/oz, palladium at $652.25/oz and rhodium at $1,065/oz. Cross Currency Table – (Bloomberg) Gold and silver appear to be consolidating after their recent gains. Gold fell $7.10 or 0.41% in New York yesterday and closed [...] by GoldCore Today’s AM fix was USD 1,755.25, EUR 1,365.32, and GBP 1,084.16 per ounce. Silver is trading at $34.10/oz, €26.62/oz and £21.13/oz. Platinum is trading at $1,647.00/oz, palladium at $632.40/oz and rhodium at $1,075/oz. Gold fell $10.10 or 0.57% in New York yesterday and closed at $1,751.30. Silver hit a low of $33.32, but it recovered and rallied back finishing [...] From GoldCore Gold Bullion China Buys North Korea Gold Reserves As South Korea Increased Gold Reserves By 30%; Paraguay Buys First Time Today’s AM fix was USD 1,763.75, EUR 1,369.80, and GBP 1,089.07 per ounce. Silver is trading at $33.79/oz, €26.41/oz and £20.99/oz. Platinum is trading at $1,630.00/oz, palladium at $627.10/oz and rhodium at $1,075/oz.
Gold fell $3.10 or 0.18% in New [...] 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 [...] By Tom Lloyd Sr. (MarketWatch) News from Europe has confirmed the trader’s rule “buy the rumor and sell the news.” In this case, the rumor is, usually, a positive announcement of agreement in principle, followed by the news that not everyone in Europe can agree or live with the terms. Thus the agreement between Sarkozy and Merkel (“smerk”) took the market up nicely, but now comes the news and [...] Written by Jeff Nielson The SPDR Gold Trust, more commonly known by its NYSE ticker symbol “GLD”, represents a triumph of “bankster engineering” in the gold market. While it is supposedly a convenient way for small investors to hold “gold”, what it is actually is an extremely convenient tool for the banksters to dilute the investor dollars flowing into the bullion market, and thus delay the rise in the price of gold. It [...] The major stock indexes have plummeted sharply lower over the past two weeks. This morning, the Dow Jones Industrial Average is trading lower by nearly 300.00 points to 11,150.00. The selling pressure seems to be continuing as almost every sector besides gold and silver are trading sharply lower. It is important to note that the stock market rarely declines straight down in a 90 degree free [...] The markets are tanking today on the back of major global worries. Last night the futures were higher after Japan intervened in the currency markets to push down the Yen against the Dollar. However, that positive vibe was short lived. European markets opened and the massive fear returned. “That place is a mess!” says one trader. The SPDR S&P 500 ETF (NYSE:SPY) is dropping by [...] By Murray Coleman In order to meet rising demand for the popular iShares Silver ETF (SLV), the trust set up to guide the fund is making plans to offer 50 million more shares to institutions. In a filing with the SEC dated Wednesday, the ETF’s managers list a proposed maximum aggregate offering price of nearly $2.2 billion. The ETF’s parent is the world’s biggest money manager, BlackRock Inc. (BLK) As noted earlier [...] http://finance.yahoo.com/banking-budgeti… Many of the fundamental drivers of gold’s current bull run appear unsustainable over the longer-term, says Morningstar (MORN). As a result, the Chicago-based investment research firm has lowered its 2014 forecast for gold to $1,200 an ounce, down 26% from its previous estimate. It has also dropped 2015 price projections to $1,236 an ounce, 28% lower than before. One of the catalysts that analyst Joung Park warns about in the report dated [...] BEIJING (Commodity Online): Investment demand for silver is soaring in China as the white metals is increasingly looked at as jewellery, industrial metal and an essential component in electronics and automotive industry. In 2010, China imported an unprecedented 14 percent of global silver as the demand for silver has been growing in the country. Till last year, China has been historically been a net exporter [...] |
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