Published in Market Updates  Precious Metals Update 


Russia Coordinating Gold Reserve Accumulation With Ex Soviet States?

Gold bars in a vault in West Point, N.Y. (Associated Press) Or are they?

The IMF’s latest international gold reserves data, updated yesterday, shows that in July, Russia raised its official gold reserves to 35.5 million ounces (1,104 tonnes).


Published in Market Updates  Precious Metals Update 


Mafia Boss Says Stocks A Bubble, Buy Physical Gold and Silver

Michael Franzese, the former powerful mafia boss turned motivational speaker and author, warned on CNBC that stocks are a bubble, Wall Street is crooked and advised people to own physical gold and silver bars.

Asked for his “top investment tips,” Franzese told CNBC:


Published in Market Updates  Precious Metals Update 


Peak Gold? Russia To Surpass Australia As World No 2 Gold Producer

Today’s AM fix was USD 1,294.50, EUR 973.75 and GBP 777.76 ounce. Yesterday’s AM fix was was 1,300.25, EUR 973.75 and GBP 781.17 per ounce.

Today’s LBMA Silver Price was USD 19.42 per ounce. Yesterday’s LBMA Silver Price was USD 19.66 per ounce.

Gold and silver fell yesterday - gold fell $3 to $1,295.90 and silver fell 19 cents to $19.49 per ounce.


Published in Market Updates  Precious Metals Update 


Palladium Reaches 13-Year High Over $900 oz as Gold Trading Volumes Surge 66%

Today’s AM fix was USD 1,302.75, EUR 972.93and GBP 778.51 per ounce. Friday’s AM fix was was USD 1,313.60, EUR 981.69 and GBP 786.78 per ounce.

Today’s LBMA silver price was USD 19.59 per ounce. Friday’s LBMA silver price was USD 19.86 per ounce.

LBMA Silver Price Today For the week, gold fell 0.4% to $1,304.10/oz, while silver fell 1.75% to $19.62/oz.


Published in Market Updates  Precious Metals Update 


Gold Not a Safe Haven? Tell That to the Folk in Ukraine, South America, Middle East and Africa

Today’s AM fix was USD 1,315.00, EUR 981.86 and GBP 787.85 per ounce. Yesterday’s AM fix was USD 1,309.25, EUR 980.42 and GBP 780.71 per ounce.

Gold rose a tiny $1.90 yesterday to $1,311.60/oz while silver fell $0.12 or 0.6% to $19.84/oz.

Gold in Ukraine Hryvnia - 2 Years (Sharelynx)


Published in Market Updates  Precious Metals Update 


Confusion Prior To New “London Silver Price” Launch This Friday

Today’s AM fix was USD 1,309.25, EUR 980.42 and GBP 780.71 per ounce. Yesterday’s AM fix was USD 1,311.00, EUR 982.76 and GBP 781.75 per ounce.

Gold rose a tiny $0.60 yesterday to $1,309.70/oz while silver fell $0.08 or 0.4% to $19.96/oz.

Gold is tethered to the $1,305/oz to $1,310/oz level again this morning - as it was for much of yesterday after ending Tuesday little changed for a second session. Gold has barely moved since late Friday, after closing last week at $1,309/oz despite heightened geopolitical risk.


Published in Market Updates  Precious Metals Update 


Germany Still Wants Gold Back - Repatriation Campaign Continues

Today’s AM fix was USD 1,323, EUR 971.44 and GBP 778.51 per ounce. Yesterday’s AM fix was USD 1,313.50, EUR 967.02 and GBP 771.51 per ounce.

Gold rose $3 or 0.2% yesterday to $1,317.50 per ounce and silver rose 2 cents to $20.88 per ounce.

A journalist holds a gold ingot next to a security officer of the German Central Bank, right, in Frankfurt, Germany, Wednesday January 16, 2013


Published in Market Updates  Precious Metals Update 


Interview: Bail-ins May Cause Bank Runs and Capital Controls In Western World - Russia, China Opt Out

Today’s AM fix was USD 1,300.25, EUR 948.33 and GBP 775.20 per ounce. Yesterday’s AM fix was USD 1,292.75, EUR 939.91 and GBP 766.67 per ounce.

Gold fell $3.40 or 0.26% yesterday to $1,293.30/oz. Silver slipped $0.02 or 0.1% to $19.53/oz.


Published in Market Updates  Precious Metals Update 


Ukraine Currency Collapses Nearly 70% Against Gold In 4 Months

Today’s AM fix was USD 1,299.25 EUR 937.48 & GBP 771.89 per ounce. Yesterday’s AM fix was USD 1,299.00, EUR 938.58 & GBP 773.03 per ounce.

Gold rose $0.20 or 0.015% yesterday, closing at $1,303.10/oz. Silver gained $0.05 or 0.25% yesterday to $19.67/oz.


Published in Market Updates  Precious Metals Update 


Bail-Ins Approved By EU Yesterday - Deposits Over €100,000 Vulnerable

Today’s AM fix was USD 1,299.00, EUR 938.58 & GBP 773.03 per ounce. Yesterday’s AM fix was USD 1,311.50, EUR 950.43 & GBP 784.06 per ounce.

Gold dropped $23.80 or 1.79% yesterday, closing at $1,302.90/oz. Silver lost $0.37 or 1.85% yesterday to $19.62/oz.


Published in Market Updates  Precious Metals Update 


85% of Pension Funds Will Go Bust Within 30 Years

Today’s AM fix was USD 1,311.50, EUR 950.43 & GBP 784.06 per ounce. Yesterday’s AM fix was USD 1,324.50, EUR 958.05 & GBP 792.21 per ounce.

Gold rose $8.90 or 0.68% yesterday, closing at $1,326.70/oz. Silver rose $0.04 or 0.2% yesterday to $19.99/oz.

Gold fell from a three week high today on speculation that very tentative signs of an improving U.S. economy will curb demand for the safe haven. A report yesterday showed U.S. retail sales increased more in March than economists forecast.


Published in Market Updates  Precious Metals Update 


Palladium, Gas And Wheat Surge On Russian Supply Fears

Today’s AM fix was USD 1,324.50, EUR 958.05 & GBP 792.21 per ounce. Friday’s AM fix was USD 1,317.25, EUR 948.62 & GBP 785.71 per ounce.

Gold dropped $0.20, or 0.015%, by close of trading on Friday to $1,317.80/oz, but showed a gain of 1.10% on the week. Silver lost $0.10 on Friday, closing at $19.95/oz with a 0.5% loss on the day but a small gain of 0.05% on the week.


Published in Market Updates  Precious Metals Update 


Prepare For Dollar Collapse With 10% To 33% Allocation To Gold - Rickards

Today’s AM fix was USD 1,317.25, EUR 948.62 & GBP 785.71 per ounce. Yesterday’s AM fix was USD 1,321.50, EUR 953.19 & GBP 787.73 per ounce.

Gold gained $6.90 or 0.53% yesterday to $1,318/oz. Silver rose $0.17 or 0.86% to $20.05/oz.


Published in Market Updates  Precious Metals Update 


Bail-In Regime Facing Increasing Opposition In EU

Today’s AM fix was USD 1,321.50, EUR 953.19 & GBP 787.73 per ounce. Yesterday’s AM fix was 1,309.75, EUR 949.92 & GBP 782.74 per ounce.

Gold rose $2.30 or 0.18% yesterday to $1,308.80/oz. Silver lost $0.13 or 0.65% to $19.88/oz.


Published in Market Updates  Precious Metals Update 


Gold and Oil Rise As U.S. - Russia Relations Deteriorate Sharply

Today’s AM fix was USD 1,309.75, EUR 949.92 & GBP 782.74 per ounce. Yesterday’s AM fix was USD 1,314.75, EUR 955.14 and GBP 786.90 per ounce.

Gold rose $12.30 or 0.95% yesterday to $1,308.80/oz. Silver gained $0.13 or 0.65% to $20.01/oz.


Published in Market Updates  Precious Metals Update 


‘Lehman Moment’ Coming? Chinese Credit Markets Freeze

DAILY PRICE REPORT Today’s AM fix was USD 1370.00, EUR 986.46 and GBP 824.41 per ounce. Yesterday’s AM fix was USD 1371.00, EUR 982.30 and GBP 821.70 per ounce.

Gold rose $4.50 or 0.33% yesterday to $1,371.60/oz. Silver dropped 11 cents or 0.52% to $21.17/oz.


Published in Market Updates  Precious Metals Update 


Russia May Retaliate Sanctions By Demanding Payment For Exports In Gold

DAILY PRICE REPORT Today’s AM fix was USD 1371.00, EUR 982.30 and GBP 821.70 per ounce. Yesterday’s AM fix was USD 1355.75, EUR 977.47 and GBP 817.01 per ounce.

Gold rose $20.10 or 1.5% yesterday to $1,367.10/oz. Silver surged 47 cents or 2.2% to $21.28/oz.

Putin and a Gold Bar


Published in Market Updates  Precious Metals Update 


Bank Of England Warns Of Dangers Of Rising House Prices - “Temporary Self-Fulfilling Prophecy”

DAILY PRICE REPORT

Today’s AM fix was USD 1355.75, EUR 977.47 and GBP 817.01 per ounce. Yesterday’s AM fix was USD 1,348.00, EUR 973.57 and GBP 810.44 per ounce.

Gold rose $7.10 or 0.5% yesterday to $1,347/oz. Silver closed unchanged on the day at $20.81/oz.


Published in Market Updates  Precious Metals Update 


Bitcoin Exchange 'Faced 150,000 Hack Attacks Every Second’ Showing 'Technology Risk'

DAILY PRICE REPORT Today’s AM fix was USD 1,348.00, EUR 973.57 and GBP 810.44 per ounce. Yesterday’s AM fix was USD 1,334.25, EUR 961.55 and GBP 800.87 per ounce.

Gold rose $0.7 or 0.05% yesterday, to $1,339.90/oz. Silver dropped $0.08 or 0.38% to $20.81/oz.