Published in Market Update  Precious Metals 


3 Important Gold Charts - Transparent Holdings Fall As Bullion Goes East To Russia and China

3 Important Gold Charts - Transparent Holdings Fall As Bullion Goes East To Russia and China

Chart 1: Changes in Holdings (millions of oz) vs Gold Price


Published in Market Update  Precious Metals 


Palladium Breaks Multi-Year High Over $900; Russian SWIFT Payment Ban Proposed By UK

Palladium Breaks Multi-Year High Over $900; Russian SWIFT Payment Ban Proposed By UK

The palladium price made a new 13 year high today and reached $909/oz, its highest since February 2001. Markets fear that the global supply of palladium could be impacted by the threat of further sanctions against Russia.


Published in Market Update  Precious Metals 


“Central Banks Should Give Money Directly To The People” – Gold Bullish CFR Proposal

Helicopter Janet?

Last week, a very radical proposal appeared in the pages of the influential ‘Foreign Affairs’ magazine, the publication arm of the equally influential Council on Foreign Relations (CFR) think-tank based in New York.


Published in Market Update  Precious Metals 


Bank of Canada Holds Swiss, Dutch, Swedish Gold As Swiss Repatriation Referendum Looms

Highlights

- Upcoming Swiss vote on gold repatriation could lead to gold repatriation from Bank of Canada

- Bank of Canada only acts as gold custodian to four foreign central banks

- Switzerland, the Netherlands and  Sweden say they hold gold in Ottawa

- Bank of Canada no longer a major gold custodian; Canada has virtually no gold reserves


Published in Market Update  Precious Metals 


Gold Shines Most in September on Seasonal Buys: Bloomberg Chart of Day

Gold Shines Most in September on Seasonal Buys: Bloomberg Chart of Day

BLOOMBERG CHART OF THE DAY - September Sees 3% Gains Over 20 Years

Gold investors hurting from prices within 1% of a two-month low can find solace from the historical record and research and showing gold performs best in September.


Published in Market Updates  Precious Metals Update 


Russia Coordinating Gold Reserve Accumulation With Ex Soviet States?

Gold bars in a vault in West Point, N.Y. (Associated Press) Or are they?

The IMF’s latest international gold reserves data, updated yesterday, shows that in July, Russia raised its official gold reserves to 35.5 million ounces (1,104 tonnes).


Published in Market Update  Precious Metals 


CME Halt Electronic Gold and Silver Futures Trading Due to “Technical Glitch”

Today’s AM fix was USD 1,281.00, EUR 965.12 and GBP 772.29 ounce. Friday’s AM fix was USD 1,280.50, EUR 965.03 and GBP 772. 32 per ounce.

Gold climbed $3.10 or 0.24% to $1,280.40 on Friday and silver rose $0.01 or 0.05% to $19.38 per ounce.


Published in Market Update  Precious Metals 


Jackson Hole: Myth of the All Powerful Central Banker Continues

Today’s AM fix was USD 1,281.00, EUR 965.12 and GBP 772.29 ounce. Yesterday’s AM fix was USD 1,280.50, EUR 965.03 and GBP 772.32 per ounce.

Gold fell $13.80 or 1.07% to $1,277.30 and silver slipped $0.03 or 0.15% to $19.47 per ounce.


Published in Market Updates  Precious Metals Update 


Mafia Boss Says Stocks A Bubble, Buy Physical Gold and Silver

Michael Franzese, the former powerful mafia boss turned motivational speaker and author, warned on CNBC that stocks are a bubble, Wall Street is crooked and advised people to own physical gold and silver bars.

Asked for his “top investment tips,” Franzese told CNBC:


Published in Market Updates  Precious Metals Update 


Peak Gold? Russia To Surpass Australia As World No 2 Gold Producer

Today’s AM fix was USD 1,294.50, EUR 973.75 and GBP 777.76 ounce. Yesterday’s AM fix was was 1,300.25, EUR 973.75 and GBP 781.17 per ounce.

Today’s LBMA Silver Price was USD 19.42 per ounce. Yesterday’s LBMA Silver Price was USD 19.66 per ounce.

Gold and silver fell yesterday - gold fell $3 to $1,295.90 and silver fell 19 cents to $19.49 per ounce.


Published in Market Updates  Precious Metals Upate 


Shanghai Becoming Global Gold Hub And Gold Price Discovery Centre

Today’s AM fix was USD 1,300.25, EUR 973.75 and GBP 781.17 ounce. Yesterday’s AM fix was was 1,302.75, EUR 972.93 and GBP 778.51 per ounce.

Today’s ‘LBMA Silver Price’ was USD 19.66 per ounce. Yesterday’s ‘LBMA Silver Price’ was USD 19.59 per ounce.

Gold Bust (2.8 Kilogramme) of Deng Xiaoping (Reuters/Bobby Yip)


Published in Market Updates  Precious Metals Update 


Palladium Reaches 13-Year High Over $900 oz as Gold Trading Volumes Surge 66%

Today’s AM fix was USD 1,302.75, EUR 972.93and GBP 778.51 per ounce. Friday’s AM fix was was USD 1,313.60, EUR 981.69 and GBP 786.78 per ounce.

Today’s LBMA silver price was USD 19.59 per ounce. Friday’s LBMA silver price was USD 19.86 per ounce.

LBMA Silver Price Today For the week, gold fell 0.4% to $1,304.10/oz, while silver fell 1.75% to $19.62/oz.


Published in Market Updates  Precious Metals Update 


Gold Not a Safe Haven? Tell That to the Folk in Ukraine, South America, Middle East and Africa

Today’s AM fix was USD 1,315.00, EUR 981.86 and GBP 787.85 per ounce. Yesterday’s AM fix was USD 1,309.25, EUR 980.42 and GBP 780.71 per ounce.

Gold rose a tiny $1.90 yesterday to $1,311.60/oz while silver fell $0.12 or 0.6% to $19.84/oz.

Gold in Ukraine Hryvnia - 2 Years (Sharelynx)


Published in Market Updates  Precious Metals Update 


Confusion Prior To New “London Silver Price” Launch This Friday

Today’s AM fix was USD 1,309.25, EUR 980.42 and GBP 780.71 per ounce. Yesterday’s AM fix was USD 1,311.00, EUR 982.76 and GBP 781.75 per ounce.

Gold rose a tiny $0.60 yesterday to $1,309.70/oz while silver fell $0.08 or 0.4% to $19.96/oz.

Gold is tethered to the $1,305/oz to $1,310/oz level again this morning - as it was for much of yesterday after ending Tuesday little changed for a second session. Gold has barely moved since late Friday, after closing last week at $1,309/oz despite heightened geopolitical risk.


Published in Market Update  Precious Metals 


U.S. Bail-Ins - Fed Vice Chair Fischer Says “Preparing A Proposal”

Today’s AM fix was USD 1,311.00, EUR 982.76 and GBP 781.75 per ounce. Yesterday’s AM fix was USD 1,308.25, EUR 977.33  and GBP 779.37 per ounce.

Gold fell $2.30 yesterday to $1,309.10/oz and silver rose $0.07 or 0.35% to $20.04/oz.

Gold popped higher today as equities fell on news that a Russian aid convoy is heading to Ukraine and on signs that the new deepening tensions and risk of conflict with Russia is hurting confidence in the euro zone economy.


Published in Market Update  Precious Metals 


"World Insecurity” May Have “Positive Impact On Gold" - Ex BOE Mervyn King

Today’s AM fix was USD 1,308.25, EUR 977.33 and GBP 779.37 per ounce. Friday’s AM fix was USD 1,317.50, EUR 984.02  and GBP 784.23 per ounce.


Published in Market Update  Precious Metals 


Gold Breaks Out As Cold War 2.0 Intensifies - Technicals, Fundamentals Positive

Today’s AM fix was USD 1,317.50, EUR 984.02 and GBP 784.23 per ounce. Yesterday’s AM fix was USD 1,302.00, EUR  973.53 and GBP 772.98 per ounce.

Gold climbed $5.20 or 1.42% yesterday to $1,311.60/oz and silver fell $0.08 or 1.16% to $19.96/oz.

Gold is up nearly 2% this week on safe haven buying, its best weekly performance since mid-June. Gold hit three week highs overnight at $1,322.60/oz, having started to push higher in U.S. trading hours yesterday due to tensions with Russia and the renewed bombing of Iraq.


Published in Market Update  Precious Metals 


“Bail In Regime” Sees UK Banking System Downgraded By Moodys

Today’s AM fix was USD 1,302.00, EUR 973.53 and GBP 772.98  per ounce. Yesterday’s AM fix was USD 1,288.50, EUR  964.27 and GBP 765.23 per ounce.


Published in Market Update  Precious Metals 


Russia And Iran Sign Historic 500,000 Barrel A Day Oil Deal - Petrodollar Under Threat

Today’s AM fix was USD 1,288.50, EUR 964.27 and GBP 765.23 per ounce. Yesterday’s AM fix was USD  1,292.75, EUR  965.03 and GBP 765.71  per ounce.