1 February, 2012

Published in Market Updates  Precious Metals Update 


January 2012 - Gold, Silver, Currency and Asset Performance Review

Gold’s London AM fix this morning was USD 1,744, GBP 1,106.74, and EUR 1,327.65 per ounce.

Yesterday's AM fix was USD 1,738.00, GBP 1,102.23, and EUR 1,317.27 per ounce.

Gold consolidated on yesterdays gain in Asia overnight and then rose in early European trading from below $1,735/oz to $1,748.60/oz. A break above resistance at $1,750/oz could see gold quickly challenge $1,800/oz. However, there is also the possibility of a correction after the large gains seen in January.

January 2012 - Gold, Silver, Currency and Asset Performance Review

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19 December, 2011

Published in Market Updates  Precious Metals Update 


2012 Gold Averages: Goldman $1,810/oz, Barclays $2,000/oz and UBS $2,050/oz

Gold is trading at USD 1,592, EUR 1,223.30, GBP 1,028.00, CHF 1,491, JPY 124,067 and AUD 1,600.50 per ounce.

Gold’s London AM fix this morning was USD 1,593.00, GBP 1,028.34, and EUR 1,222.94 per ounce.

Friday's AM fix was USD 1,589.50, GBP 1,022.84 and EUR 1,218.94 per ounce.

Cross Currency Rates

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15 December, 2011

Published in Market Updates  Precious Metals Update 


Gold Falls due to Re-Hypothecation, Counter Party, Liquidity and Contagion Risk

Gold is trading at USD 1,591.10, EUR 1,224.20, GBP 1,026.30, CHF 1,501.40, JPY 123,940 and AUD 1,602.0 per ounce.

Gold’s London AM fix this morning was 1,590.00, GBP 1,026.535 and EUR 1,223.64  per ounce.

Yesterday's AM fix was USD 1,635.00, GBP 1,055.32 and EUR 1,255.18 per ounce.

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13 December, 2011

Published in Market Updates  Precious Metals Update 


Gold Support at 200 DMA at $1618/oz, Massive Chinese Demand and Gartman Flip Flops

Gold is trading at USD 1,665.10, EUR 1,261.20, GBP 1,067.30, CHF 1,557.40, JPY 129,550 and AUD 1,643.0 per ounce.

Gold’s London AM fix this morning was USD 1,665.00, GBP 1,068.75, and EUR 1,262.22 per ounce.

Yesterday's AM fix was USD 1,680.00, GBP 1,077.06, and EUR 1,266.49 per ounce.

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12 December, 2011

Published in Market Updates  Precious Metals Update 


ETF and Central Bank Gold Lent to Banks Being Relent Into Market?

Gold is trading at USD 1,680.90, EUR 1,267.70, GBP 1,075.30, CHF 1,564.40, JPY 130,750 and AUD 1,659.0 per ounce.

Gold’s London AM fix this morning was USD 1,680.00, GBP 1,077.06, and EUR 1,266.49 per ounce.

Friday's AM fix was USD 1,712.00, GBP 1,094.49, and EUR 1,281.34 per ounce.

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9 December, 2011

Published in Market Updates  Precious Metals Update 


Euro Fudge Distracts From Global Debt Titanic; Intervention in Gold Market?

Gold is trading at USD 1,719.00, EUR 1,283.70, GBP 1,095.30, CHF 1,582.40, JPY 135,510 and AUD 1,689.0 per ounce.

Gold’s London AM fix this morning was USD 1,712.00, GBP 1,094.49, and EUR 1,281.34 per ounce.

Yesterday's AM fix was USD 1,739.00, GBP 1,105.81, and EUR 1,297.28 per ounce.

Cross Currency Table

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8 December, 2011

Published in Market Updates  Precious Metals Update 


Real Interest Rates Negative (Base ECB 1.0%, BOE 0.5%) - Central Banks Prepare For Life After Euro

Gold is trading at USD 1,719.40, EUR 1,302.70, GBP 1,109.30, CHF 1,608.40, JPY 135,050 and AUD 1,689.4 per ounce.

Gold’s London AM fix this morning was USD 1,739.00, GBP 1,105.81, and EUR 1,297.28 per ounce.

Yesterday's AM fix was USD 1,731.00, GBP 1,108.20, and EUR 1,289.96 per ounce.

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7 December, 2011

Published in Market Updates  Precious Metals Update 


New Independent Research: Gold Is Crucial Diversification - Hedge Against Monetary and Systemic Risk

Gold is trading at USD 1,724.70, EUR 1,289.70, GBP 1,099.30, CHF 1,105.5, JPY 134,050 and AUD 1,679.4 per ounce.

Gold’s London AM fix this morning was USD 1731.00, GBP 1108.20, and EUR 1,289.96 per ounce.

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6 December, 2011

Published in Market Updates  Precious Metals Update 


‘Gold For Bonds’ in Japan as Bond Buyers Get Gold Coins - May Enhance Returns 5.9 Times

Gold is trading at USD 1,718.90, EUR 1,282.70, GBP 1,099.30, CHF 1,587.50, JPY 133,650 and AUD 1,679.40 per ounce.

Gold’s London AM fix this morning was USD 1,720.00, GBP 1,098.76, and EUR 1,284.54 per ounce.

Yesterday's AM fix was USD 1,744, GBP 1,114.88, and EUR 1,296.08 per ounce.

Cross Currency Rates

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5 December, 2011

Published in Market Updates  Precious Metals Update 


2012 Top Trades of BOA - Buy Gold Versus Euro; Iran Warns of Oil at $250

Gold is trading at USD 1,740.10, EUR 1,295.90, GBP 1,114.30, CHF 1,604.5, JPY 135,900 and AUD 1,700.4 per ounce.

Gold’s London AM fix this morning was USD 1,744, GBP 1,114.88, and EUR 1,296.08 per ounce.

Friday's AM fix was USD 1,751.00, GBP 1,116.50, and EUR 1,298.29 per ounce.

Cross Currency Rates

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2 December, 2011

Published in Market Updates  Precious Metals Update 


Bank of Korea Increases Gold Reserves by Massive Nearly $1 Billion or 39% in November Alone

Gold is trading at USD 1,752.90, EUR 1,298.30, GBP 1,116.10, CHF 1,604, JPY 136,700 and AUD 1,706.4 per ounce.

Gold’s London AM fix this morning was USD 1,751.00, GBP 1,116.50, and EUR 1,298.29 per ounce.

Yesterday's AM fix was USD 1,750.00, GBP 1,113.02, and EUR 1,298.03 per ounce.

Cross Currency Rates

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1 December, 2011

Published in Market Updates  Precious Metals Update 


Gold Rises 1.8% As Central Banks Further Debase Currencies – Gold Safe Haven in November

Gold is trading at USD 1,746.90, EUR 1,295.30, GBP 1,111.10, CHF 1,589, JPY 135,700 and AUD 1,706.4 per ounce.

Gold’s London AM fix this morning was USD 1,750.00, GBP 1,113.02, and EUR 1,298.03 per ounce.

Yesterday's AM fix was USD 1,704.00, GBP 1,095.61, and EUR 1,282.46 per ounce.

Cross Currency Rates

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30 November, 2011

Published in Market Updates  Precious Metals Update 


Gold AM & PM Fixes Highly Unusual – Identical 2 Days In Row ($1,714.00 & $1,717.00)

Gold is trading at USD 1,713.00, EUR 1,289.80, GBP 1,099.00, CHF 1,582.10 and JPY 133,610 per ounce. 

Gold’s London AM fix this morning was USD 1,704.00, GBP 1,095.61, and EUR 1,282.46 per ounce.

Yesterday's AM fix was USD 1,717.00, GBP 1,098.32, and EUR 1,278.67 per ounce.

Yesterday’s PM fix was USD 1,717.00, GBP 1,098.53, and EUR 1,278.69 per ounce.

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29 November, 2011

Published in Market Updates  Precious Metals Update 


CFTC Data Shows Total Gold Futures and Options Positions Back at 2009 Levels

Gold is trading at USD 1,715.60, EUR 1,280.80, GBP 1,097.00, CHF 1,574.10 and JPY 133,280 per ounce. 

Gold’s London AM fix this morning was USD 1,717.00, GBP 1,098.32, and EUR 1,278.67 per ounce.

Yesterday's AM fix was USD 1,714.00, GBP 1,100.41, and EUR 1,280.06 per ounce.

Gold Prices/ Fixes / Rates

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28 November, 2011

Published in Market Updates  Precious Metals Update 


Venezuela Repatriates ‘People’s Gold’ Due to Gold’s ‘Historic’, ‘Symbolic’ & ‘Financial’ Value

Gold is trading at USD 1,712.30, EUR 1,280.80, GBP 1,100.00, CHF 1,574.70 and JPY 133,080 per ounce. 

Gold’s London AM fix this morning was USD 1,714.00, GBP 1,100.41, and EUR 1,280.06 per ounce.

Friday's AM fix was USD 1,676.00, GBP 1,084.02, and EUR 1,263.86 per ounce.

Cross Currency Rates

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25 November, 2011

Published in Market Updates  Precious Metals Update 


Currency Wars - Russia Officially Adds 19.5 Tonnes of Gold Reserves in October Alone

Gold is trading at USD 1,680.50, EUR 1,268.60, GBP 1,084.30, CHF 1,554.30, JPY 130,130 and RUB 53,210 per ounce. 

Gold’s London AM fix this morning was USD 1,676.00, GBP 1,084.02, and EUR 1,263.86 per ounce.

Yesterday's AM fix was USD 1,699.00, GBP 1,094.72, and EUR 1,270.38 per ounce.

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24 November, 2011

Published in Market Updates  Precious Metals Update 


Gold GBP 1,092/oz, JPY 130,890/oz – IMF: Japan Debt Could "Quickly Become Unsustainable"

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Gold is trading at USD 1,698.90, EUR 1,268.00, GBP 1,092.30, CHF 1,557.30, JPY 130,890 and CNY 10,815 per ounce. 

Gold’s London AM fix this morning was USD 1,699.00, GBP 1,094.72, and EUR 1,270.38 per ounce.

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23 November, 2011

Published in Market Updates  Precious Metals Update 


Eurozone Contagion Deepens After Disastrous German Auction; Silver Supply Issues

Gold is trading at USD 1,687.10, EUR 1,262.60, GBP 1,086.30, CHF 1,554.20, JPY 130,590 and CNY 10,760 per ounce. 

Gold’s London AM fix this morning was USD 1,686.00, GBP 1,083.55, and EUR 1,260.46 per ounce.

Yesterday's AM fix was USD 1,697.50, GBP 1,083.90, and EUR 1,253.14 per ounce.

Cross Currency Rates

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22 November, 2011

Published in Market Updates  Precious Metals Update 


Gold Falls Again on Options Expiry –Supported by Global Debt Crisis & Iranian Oil Jitters

Gold is trading at USD 1,696.10, EUR 1,252.60, GBP 1,083.30, CHF 1,546.20, JPY 130,370 and CNY 10,780 per ounce. 

Gold’s London AM fix this morning was USD 1,697.50, GBP 1,083.90, and EUR 1,253.14 per ounce.

Yesterday's AM fix was USD 1,704.00, GBP 1,085.42, and EUR 1,266.44 per ounce

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21 November, 2011

Published in Market Updates  Precious Metals Update 


$15 Trillion US National Debt ‘Supercommittee’ Impasse to Support Gold

Gold is trading at USD 1,706.10, EUR 1,270.60, GBP 1,089.30, CHF 1,569.20, JPY 131,170 and CNY 11,190 per ounce. 

Gold’s London AM fix this morning was USD 1,704.00, GBP 1,085.42, and EUR 1,266.44 per ounce.

Friday's AM fix was USD 1,730.00, GBP 1,093.00, and EUR 1,279.87 per ounce.

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