Published in Market Update  Precious Metals Update 


Euro and Swiss Franc Fall to New Record Lows Against Gold

Today’s AM fix was USD 1,781.00, EUR 1,374.65, and GBP 1,098.77 per ounce. Yesterday’s AM fix was USD 1,755.25, EUR 1,365.32and GBP 1,084.16 per ounce.


Published in Market Update  Precious Metals Update 


South Africa Unrest To Affect Bullion Supply And Support Gold

Today’s AM fix was USD 1,755.25, EUR 1,365.32, and GBP 1,084.16 per ounce. Yesterday’s AM fix was USD 1,763.75, EUR 1,369.80 and GBP 1,089.07 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 with a gain of 0.56%.


Published in Market Update  Precious Metals Update 


China Buys North Korea Gold Reserves as South Korea Increased Gold Reserves By 30% (16 Tonnes); Paraguay Buys First Time

Today’s AM fix was USD 1,763.75, EUR 1,369.80, and GBP 1,089.07 per ounce. Yesterday’s AM fix was USD 1,766.75, EUR 1,369.36 and GBP 1,088.37 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.


Published in Market Update  Precious Metals Update 


Risk Of October Correction In Gold and Silver As Seasonally Weak

Today’s AM fix was USD 1,766.75, EUR 1,369.36, GBP 1,088.37 per ounce. Yesterday’s AM fix was USD 1,758.50, EUR 1,361.91 and GBP 1,084.96 per ounce.

Silver is trading at $34.23/oz, €26.58/oz and £21.18/oz. Platinum is trading at $1,633.75/oz, palladium at $643.00/oz and rhodium at $1,100/oz.

Gold fell $8.60 or 0.49% in New York yesterday and closed at $1,764.50. Silver slipped to a low of $33.594 then rebounded in New York, but it still finished with a loss of 1.62%.


Published in Market Update  Precious Metals Update 


"Do You Own Gold?" Ray Dalio at CFR: "Oh Yeah, I Do"

Today’s AM fix was USD 1,758.50, EUR 1,361.91, GBP 1,084.96 per ounce. Friday’s AM fix was USD 1,773.75, EUR 1,361.28and GBP 1,089.19 per ounce.

Silver is trading at $33.87/oz, €26.31/oz and £20.98/oz. Platinum is trading at $1,614.00/oz, palladium at $641.80/oz and rhodium at $1,150/oz.

Gold climbed $4.70 or 0.27% in New York on Friday and closed at $1,773.10. Silver hit a high of $35.16 in New York on Friday, but it still finished with a loss of 0.29%. On the week, gold was up 0.08% while silver fell 0.3%.


Published in Market Update  Precious Metals Update 


“How High Can Gold Go?” "There Is No Telling" James Grant Tells CNBC

Today’s AM fix was USD 1,773.75, EUR 1,361.28, GBP 1,089.19 per ounce. Yesterday’s AM fix was USD 1,760.00, EUR 1,360.33 and GBP 1,088.03 per ounce.

Silver is trading at $34.71/oz, €26.84/oz and £21.42/oz. Platinum is trading at $1,638.50/oz, palladium at $670.30/oz and rhodium at $1,250/oz.

Gold fell $2.10 or 0.12% in New York yesterday and closed at $1,768.40. Silver dropped to $34.084 in London, but rallied back higher later in the session and finished with a gain of 0.03%.


Published in Market Update  Precious Metals Update 


'Golden Cross' For Gold and Silver Signals Further Gains

Today’s AM fix was USD 1,760.00, EUR 1,360.33 and GBP 1,088.03 per ounce. Yesterday’s AM fix was USD 1,774.50, EUR 1,361.44 and GBP 1,092.54 per ounce.

Silver is trading at $34.31/oz, €26.61/oz and £21.28/oz. Platinum is trading at $1,619.50/oz, palladium at $663.50/oz and rhodium at $1,225/oz.

Gold fell $0.10 or 0.01% in New York yesterday and closed at $1,770.50. Silver hit $34.958 in Asia and fell to $34.27 in early New York trade and it then bounced back higher, but finished with a loss of 0.49%.


Published in Market Update  Precious Metals Update 


ECB Debasement Is Akin To Work Of Devil – Risk Of “Rapid Currency Depreciation”

Today’s AM fix was USD 1,774.50, EUR 1,361.44 and GBP 1,092.54 per ounce. Yesterday’s AM fix was USD 1,756.75, EUR 1,344.31 and GBP 1,081.81 per ounce.

Silver is trading at $34.66/oz, €26.76/oz and £21.48/oz. Platinum is trading at $1,632.00/oz, palladium at $666.70/oz and rhodium at $1,300/oz.

Gold climbed $13.00 or 0.74% in New York yesterday and closed at $1,770.60. Silver surged to $35.015 before it also dropped off, but it finished with a gain of 2.23%.


Published in Market Update  Precious Metals Update 


QE Lessons: Fiat Grows On Trees - Gold Does Not

Today’s AM fix was USD 1,756.75, EUR 1,344.31 and GBP 1,081.81 per ounce. Yesterday’s AM fix was USD 1,767.25, EUR 1,349.36 and GBP 1,089.42 per ounce.

Silver is trading at $34.16/oz, €26.24/oz and £21.10/oz. Platinum is trading at $1,662.00/oz, palladium at $673.60/oz and rhodium at $1,350/oz.

Gold fell $14.00 or 0.79% in New York yesterday and closed at $1,757.60. Silver dropped to as low as $33.806 before it rebounded back higher, and finished trading with a loss of 1.76%. 


Published in Market Update  Precious Metals Update 


Faber: Own Gold – “Don’t Store It In The U.S., The Fed Will Take It Away From You One Day”

Today’s AM fix was USD 1,767.25, EUR 1,349.36 and GBP 1,089.42 per ounce. Friday’s AM fix was USD 1,772.50, EUR 1,359.70 and GBP 1,093.53 per ounce.

Silver is trading at $34.52/oz, €26.44/oz and £21.36/oz. Platinum is trading at $1,699.00/oz, palladium at $685.50/oz and rhodium at $1,050/oz.

Gold rose $5.30 or 0.3% in New York and closed at $1,771.60. Silver climbed to $34.91 then dropped before bouncing back higher, and finished with a loss of 0.06%. Gold was up 2.02% for the week and silver another 3% for the week.


Published in Market Update  Precious Metals Update 


Fed 'Currency Debasement 3' (QE3) Sees Gold and Silver Surge 2% and 4.3%

Today’s AM fix was USD 1,772.50, EUR 1,359.70 and GBP 1,093.53 per ounce. Yesterday’s AM fix was USD 1,730.50, EUR 1,339.81 and GBP 1,073.64 per ounce.

Silver is trading at $34.64/oz, €26.53/oz and £21.43/oz. Platinum is trading at $1,700.20/oz, palladium at $695.75/oz and rhodium at $1,050/oz.


Published in Market Update  Precious Metals Update 


Monetary “Floodgates” And Geopolitical Unrest To Support Precious Metals

Today’s AM fix was USD 1,730.50, EUR 1,339.81 and GBP 1,073.64 per ounce. Yesterday’s AM fix was USD 1,742.75, EUR 1,352.23 and GBP 1,081.71 per ounce.

Silver is trading at $33.15/oz, €25.78/oz and £20.56/oz. Platinum is trading at $1,657.75/oz, palladium at $676.80/oz and rhodium at $1,025/oz.

Gold is a tad higher today in most major currencies. Investors await the policy decision by the US Federal Reserve and Fed Chairman Ben Bernanke’s news conference at 1815 GMT.


Published in Market Update  Precious Metals Update 


Germany Can Ratify ESM Bailout Fund With Conditions – Gold And Silver Rise In Euros

Today’s AM fix was USD 1,742.75, EUR 1,352.23 and GBP 1,081.71 per ounce. Yesterday’s AM fix was USD 1,731.00, EUR 1,352.77 and GBP 1,081.33 per ounce.

Silver is trading at $33.94/oz, €26.39/oz and £21.17/oz. Platinum is trading at $1,649.00/oz, palladium at $674.70/oz and rhodium at $1,025/oz.

Gold rallied to a 6 month high in dollars after Germany’s top court ruled that Germany can ratify the €500 billion ESM bailout fund but with strict conditions. 


Published in Market Update  Precious Metals Update 


Iran Imports From Turkey Surge To $8 Billion YTD - $3.2 Billion Worth Of Bullion In Q2 2012

Today’s AM fix was USD 1,731.00, EUR 1,352.77 and GBP 1,081.33 per ounce. Yesterday’s AM fix was USD 1,732.75, EUR 1,355.09 and GBP 1,082.63 per ounce.

Silver is trading at $33.57/oz, €26.36/oz and £21.02/oz. Platinum is trading at $1,602.75/oz, palladium at $668.20/oz and rhodium at $1,025/oz.


Published in Market Update  Precious Metals Update 


Gold In Euros Touches New Record High At EUR 1,360.23 Per Ounce

Today’s AM fix was USD 1,732.75, EUR 1,355.09, and GBP 1,082.63 per ounce. Friday’s AM fix was USD 1,696.00, EUR 1,337.75 and GBP 1,062.06 per ounce.

Silver is trading at $33.50/oz, €26.32/oz and £21.05/oz. Platinum is trading at $1,596.50/oz, palladium at $655.70/oz and rhodium at $1,025/oz.


Published in Market Updates  Precious Metals Update 


Gold Imports To China From Hong Kong Double Again On Haven Demand

Today’s AM fix was USD 1,696.00, EUR 1,337.75, and GBP 1,062.06 per ounce. Yesterday’s AM fix was USD 1,708.50, EUR 1,355.09and GBP 1,074.53 per ounce.

Cross Currency Table – (Bloomberg)


Published in Market Update  Precious Metals Update 


JPM and Goldman See $1,800/oz Gold By Year End – Iran, Middle East and Inflation Risks Cited

Today’s AM fix was USD 1,708.50, EUR 1,355.09, and GBP 1,074.53 per ounce. Yesterday’s AM fix was USD 1,689.50, EUR 1,349.23 and GBP 1,065.26 per ounce.

Silver is trading at $32.55/oz, €25.94/oz and £20.55/oz. Platinum is trading at $1,582.50/oz, palladium at $644.80/oz and rhodium at $1,025/oz.


Published in Market Update  Precious Metals Update 


Gold’s Rise To Continue Above $2,500/oz On Negative Real Interest Rates

Today’s AM fix was USD 1,689.50, EUR 1,349.23, and GBP 1,065.26 per ounce. Yesterday’s AM fix was USD 1,691.50, EUR 1,342.25 and GBP 1,067.44 per ounce.

Silver is trading at $32.18/oz, €25.73/oz and £20.32/oz. Platinum is trading at $1,563.50/oz, palladium at $636.50/oz and rhodium at $1,025/oz.


Published in Market Update  Precious Metals Update 


September And November Best Months To Own Gold

Today’s AM fix was USD 1,691.50, EUR 1,342.25, and GBP 1,067.44 per ounce. Yesterday’s AM fix was USD 1,686.00, EUR 1,341.72 and GBP 1,061.65 per ounce.

Silver is trading at $32.06/oz, €25.56/oz and £20.27/oz. Platinum is trading at $1,557.00/oz, palladium at $630.40/oz and rhodium at $1,025/oz.

Yesterday the markets were closed in USA for a national holiday. Gold’s PM fix yesterday in London was USD 1,691.50, EUR 1,345.45, and GBP 1,065.176 per ounce.


Published in Market Update  Precious Metals Update 


Gold Mines In South Africa See Strikes As Industrial Unrest Spreads

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Today’s AM fix was USD 1,686.00, EUR 1,341.72 and GBP 1,061.65 per ounce. Friday’s AM fix was USD 1,657.75, EUR 1,319.03 and GBP 1,047.68 per ounce.