Published in Market Updates  Precious Metals Update 


Yen Falls 2.1% To 0.148 Million/Oz - BOJ, ECB, FED and BOE Continue to Debase

Today’s AM fix was USD 1,545.25, EUR 1,207.42 and GBP 1,025,65 per ounce. Wednesday’s AM fix was USD 1,568.50, EUR 1,222.81 and GBP 1,038.40 per ounce.

Gold fell $17.30 or 1.1% yesterday while silver fell 28 cents or 1.03% on the COMEX yesterday.

Cross Currencies Table – Bloomberg


Published in Market Updates  Precious Metals Update 


Turkey’s Silver Imports Surge 31% and Gold Imports Climb to 8 Month High

Today's AM fix was USD 1,568.50, EUR 1,222.81 and GBP 1,038.40 per ounce. Tuesday's AM fix was USD 1,597.75, EUR 1,244.64 and GBP 1,051.64 per ounce.

Gold fell $23 or 1.45% yesterday while silver fell 76 cents or 2.7%.

Cross Currencies Table – Bloomberg


Published in Market Updates  Precious Metals Update 


Silver And Gold Manipulation - Next Price Fixing Scandal?

Today’s AM fix was USD 1,585.00, EUR 1,225.83 and GBP 1,061.05 per ounce. Yesterday’s AM fix USD 1,591.50, EUR 1,221.98 and GBP 1,062.42 was per ounce.

Both gold and silver fell slightly yesterday. Gold fell $5.00 and closed at $1,588.30/oz. Silver fell 25 cents to close at $28.90/oz.


Published in Market Updates  Precious Metals Update 


Gold Down In February - Weak Hands Sell On Poor Sentiment; Smart Money Holds Or Adds To Positions

Today’s AM fix was USD 1,570.00, EUR 1,203.99 and GBP 1,043.74 per ounce. Yesterday’s AM fix was USD 1,591.00, EUR 1,213.39 and GBP 1,049.20 per ounce.

Gold fell $16.70 or 1.05% yesterday in New York and closed at $1,580.40/oz. Silver slid to a low of $28.40 and finished with a loss of 1.66%.


Published in Market Updates  Precious Metals Update 


Silver To Gain 29% in 2013 - Analysts, Traders and Investors

Today’s AM fix was USD 1,667.00, EUR 1,259.25 and GBP 1,024.96 per ounce. Yesterday’s AM fix was USD 1,674.50, EUR 1,261.49 and GBP 1,027.87 per ounce.

Cross Currency Table Precious metals remained under pressure yesterday and closed with losses for both gold and silver. Gold closed down 0.2% or $3.50 to $1669.30/oz. Silver closed with a loss of 1.7% - down 54 cents to $31.10/oz.


Published in Market Updates  Precious Metals Update 


Japanese Pension Funds With $3.4 Trillion In Assets Seek Safety in Gold

Today’s AM fix was USD 1,699.50, EUR 1,289.26 and GBP 1,048.10 per ounce. Yesterday’s AM fix was USD 1,690.00, EUR 1,285.27 and GBP 1,043.21 per ounce.


Published in Market Updates  Precious Metals Update 


Special Offer: Silver Bars (1,000oz) at 1.2% and Coins (1oz) at 12% Until 21/12/12

 

Today's AM fix was USD 1,690, EUR 1,285.27 and GBP 1,043.21 per ounce. 

Friday’s AM fix was USD 1,696.50, EUR 1,297.32 and GBP 1,051.38 per ounce. 

Last week, gold fell 1% and silver by 3% as the recent precious metals downtrend continued. 

Gold fell in Asia overnight and weakness continued in Europe leading to a third day of losses. 

Continuing strong investment and store of wealth demand is being trumped by the short term antics of speculative players and momentum traders - for now. 


Published in Market Updates  Precious Metals 


Bloomberg TV: Gold Price To Reach $2500 an Ounce In 2013 - GoldCore

Today’s AM fix was 1,747.75 USD, 1,333.86 EUR, and 1,082.33 GBP per ounce. Yesterday’s AM fix was USD 1,737.50, EUR 1,337.36 and GBP 1,080.40 per ounce.

Gold rose $11.25 or 0.65% in New York yesterday and closed at $1,747.65. Silver rose to 26 cents to close at $32.95 for a gain of 0.8%.

Both precious metals saw further gains in Asia prior to determined selling saw prices gradually fall back late in the Asian trading day and in early European trading.


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 Updates  Precious Metals Update 


Gold Swap Dealers Go Net Long For Only Third Time

Today's AM fix was USD 1584.00, EUR 1300.17 and GBP 1020.68 per ounce. Friday’s AM fix was USD 1579.00, EUR 1294.05 and GBP 1022.34 per ounce.

Gold rose by $16.30 or 1.2% in New York on Friday to end the week 0.8% higher at $1,588/oz. Silver rose 8 cents to close at $27.25/oz – a gain of 0.52% on the week.


Published in Market Updates  Precious Metals Update 


'Peak Gold' - Gold Production Collapse Continues In South Africa

Today's AM fix was USD 1579.00, EUR 1294.05 and GBP 1022.34 per ounce. Yesterday’s AM fix was USD 1565.50, EUR 1281.10 and GBP 1011.96 per ounce.

Gold fell by 0.3% in New York yesterday and closed down $4.90 to $1,571.70/oz. After a sharp drop and equally sharp bounce higher, silver rose 0.3% or 8 cents to close at $27.17/oz


Published in Market Updates  Precious Metals Update 


Today Is Best Day to Buy Gold - Thackray's 2012 Investor's Guide

Today's AM fix was USD 1565.50, EUR 1281.10 and GBP 1011.96 per ounce. Yesterday’s AM fix was USD 1576.50, EUR 1284 and GBP 1012.91 per ounce.

Gold rose by 0.5% in New York yesterday and closed up $8.20 to $1,576.60/oz. Silver rose 0.93% or 25 cents to close at $27.09/oz.

Gold gradually ticked lower in Asian trading and has seen further slight weakness in European trading. Still robust physical demand is supporting gold at these levels and strong support is at the $1,500/oz level.


Published in Market Updates  Precious Metals Update 


LIBOR Manipulation Leads To Questions Regarding Gold Manipulation

Today's AM fix was USD 1576.50, EUR 1284 and GBP 1012.91 per ounce. Yesterday’s AM fix was USD 1594.50, EUR 1293.29 and GBP 1026 per ounce.

Gold fell by $19.40 in New York yesterday and closed down 1.2% at $1,568.40/oz. Silver fell 1.8% or 50 cents to $26.84/oz.

Gold gradually ticked higher in Asian trading and has kept those gains and seen slight further gains in European trading.


Published in Market Updates  Precious Metals Update 


Gold as an Inflation Hedge

Today’s AM fix was USD 1,594.50, EUR 1,293.29 and GBP 1,026 per ounce. Monday’s AM fix was USD 1,581, EUR 1,287.15 and GBP 1,020.66 per ounce.

Gold closed at $1,587.80/oz in New York yesterday after having hit an intraday high of $1,592.80/oz. Gold’s gain on the day was $4/oz, or 0.25%. Silver closed at $27.34/oz, with a $0.23/oz or a 0.85% gain.

Gold has been trading up in Asian and Europe this morning, and is currently at $1,595.83/oz. Silver is trading at $27.49/oz.


Published in Market Updates  Precious Metals Update 


The Effects of Increasing Global Money Supply on Gold

Today’s AM fix was USD 1581, EUR 1287.15 and GBP 1020.66 per ounce Friday’s AM fix was USD 1591.75, EUR 1285.54 and GBP 1024.29 per ounce.

Gold fell by $20.60/oz in New York on Friday, closing at $1,583.80 with a small 0.93% loss on the week. Silver closed at $27.11/oz with a 1.35% loss.

Gold is little changed in Asian and European trading this morning, and is currently at $1,583.54/oz. Silver is up slightly from Friday’s close, and currently trading at $27.21/oz.


Published in Market Updates  Precious Metals Update 


Gold Drops After ECB Cuts Rates to Record Low

Today’s AM fix was USD 1616.75, EUR 1292.99 and GBP 1037.58 per ounce. Yesterday’s AM fix was USD 1617.00, EUR 1285.37 and  GBP 1032.90 per ounce.

The ECB has cut the main refinancing rate to record low of 0.75%. Gold dropped sharply immediately following the announcement, but is currently rising again.

Gold is trading at $1603.75/oz. Analysts from Standard Bank in London say that a rate cut implies a lower real interest rate, which ultimately is bullish for gold. Gold's fundamentals have not changed.


Published in Market Updates  Precious Metals Update 


Gold Seen At USD 3,500, 6,000 and 10,000 Per Ounce

Today's AM fix was USD 1617.00, EUR 1285.37 and GBP 1032.90 per ounce. Yesterday’s AM fix was USD 1608.50, EUR 1278.31 and GBP 1025.70 per ounce.

Gold rose by $24.40 in New York yesterday and closed up 1.5% at $1,622.80/oz. Silver surged to as high as $28.45 and ended with a gain of nearly 3%.

Gold has traded erratically overnight and this morning in Europe but is slightly lower than yesterday’s close in New York.


Published in Market Updates  Precious Metals Update 


Gold Coin Demand in H1 2012 Shows Fundamentals Driving Current Demand

Today's AM fix was USD 1608.50, EUR 1278.31 and GBP 1025.70 per ounce. Yesterday’s AM fix was USD 1,596.25, EUR 1,263.26, and GBP 1,018.34 per ounce.

In New York yesterday, gold rose to $1602.14 in late morning New York trade, but it then came under selling pressure towards the close and ended with a loss of 0.02%.