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


Published in Market Update  Precious Metals 


Gold Falls, Stocks Record Highs as Japan Goes ‘Weimar’, “Here Be Dragons”

Stocks globally surged, while gold fell sharply today despite renewed irrational exuberance on hopes that the Bank of Japan’s vastly increasing money printing will fill some of the gaps left by the apparent end of Federal Reserve bond buying. 


Published in Market Update  Precious Metals 


Fed Ends QE? Greenspan Says Gold “Measurably” “Higher” In 5 Years

As expected, the Fed announced yesterday it would end its six year money printing and bond buying programme.

Given the fragile nature of the U.S. economy, Eurozone economy and indeed the global economy, Fed critics continue to believe that this may be a short term hiatus prior to a resumption of QE, if asset prices start to fall or economic growth falters.


Published in Market Update  Precious Metals 


U.S. Mint Gold Coin Sales Near 60,000 Ounces In October - Swiss Gold Initiative Leading To Increase In Demand?

The U.S. Mint has sold nearly 60,000 ounces of American Eagle gold coins so far in October due to increased global demand from store of wealth buyers as economic and geopolitical uncertainty increased.

With only three business days left until the end of October, the U.S. Mint has sold 59,500 American Eagle bullion one ounce gold coins. On a year-on-year basis, U.S. gold coin sales in October are up 21% from 48,500 ounces in October 2013.  


Published in Market Update  Precious Metals 


Omniscient Federal Reserve Captures The Capital Market, For Now. Gold Beckons.

A cursory glance at the various financial news media this morning shows nothing particularly unusual for these unusual times. The ECB have paraded a list for stress tested banks and the market shrugged. However, there is a disturbing thread running through most of the stories to which we have become immune but which would have been considered highly unusual at almost any time in the twentieth century. And that thread is the influence of the Federal Reserve in practically every key market in the world.