Published in Gold  Gold  Switzerland 


Swiss Anti Gold Propaganda Questioned - Gold Protects Purchasing Power

By Eric Schreiber, independent asset manager, former head of commodities UBP, former head of precious metals Credit Suisse Zurich. All views expressed are his and may not reflect those of his former employers.


Published in Market Update  Precious Metals 


Swiss Yes Vote Possible - First “Gold Rush” Of 21st Century?

There are just 3 days left until the“Save Our Swiss Gold” referendum this Sunday. On November 30, voters in Switzerland will head to the polls to decide whether the Swiss National Bank (SNB) should back the Swiss franc with gold by increasing its gold holdings to 20% - up from current levels of 7%.


Published in Market Update  Precious Metals 


Gold “Price” Spikes to $1,467.50/oz on Computer Glitch?

Gold spiked higher in many price feeds overnight and was $270 higher or more than 22% higher to $1,467.50/oz at one stage in what appears to have been some form of computer glitch.

There was speculation that the price spike which came while the COMEX was closed for 30 minutes was due to a series of charting errors or misprints, a bad price feed or a computer glitch. Another example of how technology is a great enabler but can also be a great disabler.


Published in Market Update  Precious Metals 


FT's Tett: Gold “Tangible” and “Clear”; People “Unnerved” About “Money” in “Bottomless Cyber Space”

Gillian Tett, markets and finance commentator and an Assistant Editor and former U.S. Managing Editor of the Financial Times, looked at the increasing concerns about money today and the benefits of gold in an important article on Friday.

Gillian Tett, FT Assistant Editor

The article’s introduction pointedly states:


Published in Market Update  Precious Metals 


122 Tonnes of Gold Secretly Repatriated to Netherlands

The Dutch central bank said Friday it is repatriating some of its gold reserves from the U.S., making it the latest central bank in Europe to address public concerns about the safety of its gold in the wake of the eurozone debt crisis.


Published in Market Update  Precious Metals 


Swiss Gold Poll Likely Tighter Than Polls Suggest

By Ronan Manly, GoldCore Consultant

Introduction Yes lead fades in new poll Definitely Maybe Italian leaning toward gold? Only SVP voters show a yes-majority Polls are Snapshots Sorcerers’ Apprentices EUR/CHF 1.20 - Line in the Sand Intervention or no Intervention Sovereign Wealth Fund transfers Gold Swap Tricks Conclusion

Introduction


Published in Market Update  Precious Metals 


Ebola Remains a Risk - Deaths in Nebraska and New York

The Ebola crisis has faded from headlines but remains a risk after the death of another Ebola patient in Nebraska and the death of a suspected victim in New York yesterday. This brings the number of confirmed deaths to two in the U.S. and possibly three if the New York victim is confirmed as having had Ebola.


Published in Market Update  Precious Metals 


Gold Rises After Unusual Russian Central Bank Gold Buying Announcement

Russia’s central bank bought about 150 metric tons of the metal this year, announced Governor Elvira Nabiullina yesterday. The pronouncement immediately created buying in the market, prompting gold to rise to a two week high at $1,200 an ounce.

Head of Russian Central Bank Elvira Nabiullina -Jr/Bloomberg


Published in Market Update  Precious Metals 


ECB Buy Gold Bullion? Japan's Monetary Policy Dubbed "Ponzi Scheme"

Concerns about deflation, recession and a return to the Eurozone debt crisis, may see the ECB follow Japan and print money to buy assets including shares, exchange traded funds and physical gold.


Published in Market Update  Precious Metals 


Cameron Says Second Global Crash Looming - Russian Relations Worsen at G20, Japan in Recession

David Cameron warned last night that the global economy risked another crash and said in an article that 'red warning lights' were 'flashing on the dashboard of the global economy' and the eurozone was 'teetering on the brink' of another recession.


Published in Market Update  Precious Metals 


‘Gold Wars’ - Swiss Gold Shenanigans Intensify Prior To November 30 Vote

‘Gold wars’ are intensifying with just 16 days left to polling day in the Swiss Gold Initiative.

The Swiss National Bank (SNB) and establishment parties went “all in” during the week and intensified their campaign. They suggested that passing the Swiss Gold Initiative would be a ‘fatal’ for Switzerland and would be positive only for speculators. 


Published in Market Updates  Precious Metals Update 


"Now Is A Good Time" To Buy Gold - Fidelity Investments

Joe Wickwire, research analyst and portfolio manager at Fidelity investments, presented some very grounded, reasonable arguments as to why one should buy gold at the LBMA Precious Metals Conference in Lima, Peru which concluded on Tuesday.

Fidelity Investments Logo


Published in Market Update  Precious Metals 


Swiss Regulator: “Clear Attempt To Manipulate Precious Metals ” … “Particularly Silver”

Further proof of manipulation of gold and silver prices - if any were needed - came overnight as  Switzerland’s financial regulator (FINMA) found “serious misconduct” and a “clear attempt to manipulate precious metals benchmarks” by UBS employees in precious metals trading, particularly with silver.


Published in Market Update  Precious Metals 


New Currency Wars Cometh - Gold To Be “Last Man Standing”

Currency wars are set to warm up again, after Japan's radical decision to further debase its currency through an intensification of already significant monetary easing. There was a palpable coldness from China's Premier Xi Jinping as he greeted Japan's President Abe at the APEC summit in Beijing.

h/t Brian via Zero Hedge


Published in Market Update  Precious Metals 


Gold Rigging Settlement With UBS - Other Banks To Follow

Suspicions that the price of precious metals are frequently manipulated by a few international banks were further confirmed over the weekend. UBS agreed to settle with various international regulatory bodies investigating rigging in foreign exchange and precious metals markets.


Published in Market Update  Precious Metals 


“I Wouldn’t Hold My Gold in the U.S. At All” - Faber

Dr Marc Faber has again urged people in the world to be diversified, own physical gold and to be their own central bank.

Dr Marc Faber on Gold

In another fascinating interview with Bloomberg, Dr. Marc Faber covered Japan's massive QE experiment, the slump in oil prices and the importance of diversification and owning physical gold.


Published in Market Update  Precious Metals 


U.S. Mint Sells Out of Silver Eagle Coins as Buying Surges

The gulf between the physical precious metals markets and the paper or electronic gold and silver markets is growing again and risks becoming as broad as it has ever been. Demand for gold and particularly silver bullion has been very high across the world in recent weeks. 


Published in Market Update  Precious Metals 


“Global Scramble” For Silver - Coins “Hard To Get,” “Premiums Likely To Jump”

Silver has had a torrid time in recent months and has fallen nearly 40% since July. In less than four months, it is down from $21.40/oz to $15.45/oz today. Silver is 70% lower since reaching over $49/oz in April 2011. The selling has accelerated in recent days and silver has fallen from $17.20/oz on October 28 and is down 12% in the last week. 


Published in Market Update  Precious Metals 


Germany’s Third Largest Political Party Sells €1.6 Million of Gold In Two Weeks

Disillusionment with Europe's single currency continues to grow with the cracks beginning to show in it's heartland, Germany, where the third largest political party is now selling gold coins and bars to raise funds.


Published in Market Update  Precious Metals 


Where Is Swiss Gold? – Location, Location, Location

by Ronan Manly, GoldCore Consultant - Introduction - SNB Continues To Intervene In Politics - Swiss National Bank initial reaction to gold initiative - Swiss gold at the US Federal Reserve - “Stocks that were once at the Federal Reserve have been sold” - Swiss gold at the Bank of Canada, Ottawa - 1,300 tonnes of gold sold: SNB’s Michael Paprotta