Published in Market Update  Precious Metals 


Gold In Euros Surges 1.8% After Draghi Warns; Soros Says EU May Collapse Like USSR

Today’s AM fix was USD 1,669.75, EUR 1,245.15 and GBP 1,059.55 per ounce. Yesterday’s AM fix was USD 1,675.75, EUR 1,235.99 and GBP 1,065.86 per ounce.

Silver is trading at $31.57/oz, €23.68/oz and £20.04/oz. Platinum is trading at $1,720.75/oz, palladium at $743.00/oz and rhodium at $1,225/oz.


Published in Market Update  Precious Metals 


Gold Sentiment Poor Due To Range Bound Trade and Banks Bearish Predictions

Today’s AM fix was USD 1,675.75, EUR 1,235.99 and GBP 1,065.86 per ounce. Yesterday’s AM fix was USD 1,670.00, EUR 1,234.93 and GBP 1,066.55 per ounce.

Cross Currency and Precious Metal Table – (Bloomberg)

Gold climbed $4.50 or 0.27% yesterday closing at $1,677.50/oz. Silver closed up 0.13% at $31.83.


Published in Market Update  Precious Metals 


Platinum Surges 12% YTD – Mine Closures Sees Supply Fall to 13 Year Low

Today’s AM fix was USD 1,670.00, EUR 1,234.93, and GBP 1,066.55 per ounce. Yesterday’s AM fix was USD 1,678.00, EUR 1,240.02, and GBP 1,063.57 per ounce.

Silver is trading at $31.81/oz, €23.64/oz and £20.41/oz. Platinum is trading at $1,736.00/oz, palladium at $768.00/oz and rhodium at $1,200/oz.


Published in Market Update  Precious Metals 


China's Gold Imports From Hong Kong Double To New Record In 2012

Today’s AM fix was USD 1,678.00, EUR 1,240.02, and GBP 1,063.57 per ounce. Yesterday’s AM fix was USD 1,664.25, EUR 1,224.52, and GBP 1,057.47 per ounce.

Silver is trading at $31.94/oz, €23.65/oz and £20.34/oz. Platinum is trading at $1,707.50/oz, palladium at $758.00/oz and rhodium at $1,200/oz.


Published in Market Update  Precious Metals 


Gold Reaches 155,180 Yen/oz - New Record In Japanese Yen

Today’s AM fix was USD 1,664.25, EUR 1,224.52, and GBP 1,057.47 per ounce. Friday’s AM fix was USD 1,665.00, EUR 1,217.99, and GBP 1,052.46 per ounce.

Silver is trading at $31.57/oz, €23.37/oz and £20.17/oz. Platinum is trading at $1,701.00/oz, palladium at $754.00/oz and rhodium at $1,200/oz.


Published in Market Update  Precious Metals 


JPMorgan Sees Gold At $1,800 By Mid 2013 As South Africa “In Crisis” And “Escalating Instability” In Middle East

Today’s AM fix was USD 1,665.00, EUR 1,217.99, and GBP 1,052.46 per ounce. Yesterday’s AM fix was USD 1,674.50, EUR 1,234.88, and GBP 1,058.47 per ounce.

Silver is trading at $31.45/oz, €23.12/oz and £19.93/oz. Platinum is trading at $1,680.50/oz, palladium at $745.00/oz and rhodium at $1,200/oz.


Published in Market Update  Precious Metals 


Faber to Maria: "You Don't Own Gold And You Are In Great Danger"

Today’s AM fix was USD 1,674.50, EUR 1,234.88, and GBP 1,058.47 per ounce. Yesterday’s AM fix was USD 1,666.25, EUR 1,230.70, and GBP 1,057.20 per ounce.

Silver is trading at $32.08/oz, €23.76/oz and £20.40/oz. Platinum is trading at $1,677.50/oz, palladium at $736.00/oz and rhodium at $1,200/oz.


Published in Market Update  Precious Metals 


Swiss Banks Offer Allocated Accounts As Move To Allocated Internationally

Today’s AM fix was USD 1,666.25, EUR 1,230.70, and GBP 1,057.20 per ounce. Yesterday’s AM fix was USD 1,660.50, EUR 1,235.12, and GBP 1,057.17 per ounce.

Silver is trading at $31.36/oz, €23.25/oz and £19.25/oz. Platinum is trading at $1,690.00/oz, palladium at $754.00/oz and rhodium at $1,200/oz.


Published in Market Update  Precious Metals 


German Gold Repatriation Is Victory For Transparency And GATA

Today’s AM fix was USD 1,660.50, EUR 1,235.12, and GBP 1,057.17 per ounce. Yesterday’s AM fix was USD 1,656.75, EUR 1,232.43, and GBP 1,052.77 per ounce.

Silver is trading at $31.09/oz, €23.23/oz and £19.84/oz. Platinum is trading at $1,675.50/oz, palladium at $737.00/oz and rhodium at $1,200/oz.


Published in Market Update  Precious Metals 


Russian Gold Reserves Up 8.5% In 2012 - Palladium Reserves “Exhausted”

Today’s AM fix was USD 1,656.75, EUR 1,232.43, and GBP 1,052.77 per ounce. Friday’s AM fix was USD 1,670.25, EUR 1,243.39, and GBP 1,058.93 per ounce.

Silver is trading at $30.90/oz, €23.08/oz and £19.74/oz. Platinum is trading at $1,689.00/oz, palladium at $741.00/oz and rhodium at $1,200/oz.


Published in Market Update  Precious Metals 


Gold Backed Bonds - An Alternative To European Austerity?

Today’s AM fix was USD 1,670.25, EUR 1,243.39, and GBP 1,058.93 per ounce. Yesterday’s AM fix was USD 1,677.00, EUR 1,258.06, and GBP 1,059.18 per ounce.

Silver is trading at $31.55/oz, €23.54/oz and £20.04/oz. Platinum is trading at $1,689.00/oz, palladium at $723.00/oz and rhodium at $1,200/oz.


Published in Market Update  Precious Metals 


Faber to Shiller: “You Keep Your U.S. Dollars And I’ll Keep My Gold”

Today’s AM fix was USD 1,677.00, EUR 1,258.06, and GBP 1,059.18 per ounce. Yesterday’s AM fix was USD 1,692.25, EUR 1,268.84, and GBP 1,066.19 per ounce.

Silver is trading at $31.92/oz, €24.05/oz and £20.26/oz. Platinum is trading at $1,692.75/oz, palladium at $718.00/oz and rhodium at $1,200/oz.


Published in Market Update  Precious Metals 


Silver Bars Being Secured By HSBC – Buy $876 Million Worth From Poland

Today’s AM fix was USD 1,692.25, EUR 1,268.84, and GBP 1,066.19 per ounce. Yesterday’s AM fix was USD 1,692.50, EUR 1,268.17, and GBP 1,068.36 per ounce.

Silver is trading at $32.33/oz, €24.32/oz and £20.46/oz. Platinum is trading at $1,700.50/oz, palladium at $725.00/oz and rhodium at $1,200/oz.


Published in Market Update  Precious Metals 


President Obama Inaugurated – Precious Metals To See Similar Returns As First Year Of Presidency?

Today’s AM fix was USD 1,692.50, EUR 1,268.17, and GBP 1,068.36 per ounce. Yesterday’s AM fix was USD 1,688.00, EUR 1,269.08, and GBP 1,063.58 per ounce.

Silver is trading at $31.97/oz, €24.06/oz and £20.23/oz. Platinum is trading at $1,690.50/oz, palladium at $717.00/oz and rhodium at $1,200/oz.


Published in Market Update  Precious Metals Update 


Pacific Group Becomes Latest Hedge Fund Converting Assets to Physical Gold

Today’s AM fix was USD 1,688.00, EUR 1,269.08, and GBP 1063.58 per ounce. Friday’s AM fix was USD 1,690.00, EUR 1,265.82, and GBP 1,060.49 per ounce.

Silver is trading at $31.98/oz, €24.10/oz and £20.21/oz. Platinum is trading at $1,672.00/oz, palladium at $716.00/oz and rhodium at $1,200/oz. 


Published in Market Update  Precious Metals 


“Gold Will Prove A Haven From Currency Storms” – OMFIF Study

Today’s AM fix was U.S.D 1,690.00, EUR 1,265.82, and 1,060.49 GBP per ounce. Yesterday’s AM fix was U.S.D 1,683.25, EUR 1,260.11 and GBP 1,050.85 per ounce.

Silver is trading at $31.79/oz, €23.91/oz and £20.04/oz. Platinum is trading at $1,695.25/oz, palladium at $723.00/oz and rhodium at $1,150/oz.


Published in Market Update  Precious Metals 


Germany's Gold Repatriation Unlikely To Assuage Public Concerns

Today’s AM fix was USD 1,683.25, EUR 1,260.11, and GBP 1,050.85 per ounce.  Yesterday’s AM fix was USD 1,679.75, EUR 1,262.78 and GBP 1,047.55 per ounce.

Silver is trading at $31.53/oz, €23.68/oz and £19.75/oz. Platinum is trading at $1,687.50/oz, palladium at $725.00/oz and rhodium at $1,125/oz.


Published in Market Update  Precious Metals 


Bundesbank Repatriates Gold - Shows Importance Of Possession And Allocated Storage

Today’s AM fix was USD 1,679.75, EUR 1,262.78 and GBP 1,047.55 per ounce. Yesterday’s AM fix was USD 1,681.00, EUR 1,257.67 and GBP 1,045.92 per ounce.

Silver is trading at $31.17/oz, €23.59/oz and £19.78/oz. Platinum is trading at $1,671.50/oz, palladium at $706.00/oz and rhodium at $1,125/oz.


Published in Market Update  Precious Metals 


Japanese Yen Falls To Lowest Price Against Gold Since 1980 - ¥149,588.2/oz

Today’s AM fix was USD 1,681.00, EUR 1,257.67 and GBP 1,045.92 per ounce. Yesterday’s AM fix was USD 1,667.75, EUR 1,246.82 and GBP 1,034.39 per ounce.

Silver is trading at $31.14/oz, €23.48/oz and £19.49/oz. Platinum is trading at $1,690.50/oz, palladium at $704.00/oz and rhodium at $1,125/oz. 


Published in Market Update  Precious Metals 


Does Bank Of England Hold €235 Million Of Irish Gold Reserves?

Today’s AM fix was USD 1,667.75, EUR 1,246.82 and GBP 1,034.39 per ounce. Friday’s AM fix was USD 1,669.50, EUR 1,258.29 and GBP 1,036.25 per ounce.

Silver is trading at $30.88/oz, €23.24/oz and £19.31/oz. Platinum is trading at $1,665.00/oz, palladium at $705.00/oz and rhodium at $1,150/oz.