Monthly Archives: August 2014

29
Aug
2014

“Central Banks Should Give Money Directly To The People” – Gold Bullish CFR Proposal


Helicopter Janet?

Last week, a very radical proposal appeared in the pages of the influential ‘Foreign Affairs’ magazine, the publication arm of the equally influential Council on Foreign Relations (CFR) think-tank based in New York.

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28
Aug
2014

Bank of Canada Holds Swiss, Dutch, Swedish Gold As Swiss Repatriation Referendum Looms

Highlights

– Upcoming Swiss vote on gold repatriation could lead to gold repatriation from Bank of Canada

– Bank of Canada only acts as gold custodian to four foreign central banks

– Switzerland, the Netherlands and  Sweden say they hold gold in Ottawa

– Bank of Canada no longer a major gold custodian; Canada has virtually no gold reserves

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27
Aug
2014

Gold Shines Most in September on Seasonal Buys: Bloomberg Chart of Day

Gold Shines Most in September on Seasonal Buys: Bloomberg Chart of Day


BLOOMBERG CHART OF THE DAY – September Sees 3% Gains Over 20 Years

Gold investors hurting from prices within 1% of a two-month low can find solace from the historical record and research and showing gold performs best in September.

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26
Aug
2014

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).

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25
Aug
2014

CME Halt Electronic Gold and Silver Futures Trading Due to “Technical Glitch”

Today’s AM fix was USD 1,281.00, EUR 965.12 and GBP 772.29 ounce.
Friday’s AM fix was USD 1,280.50, EUR 965.03 and GBP 772. 32 per ounce.

Gold climbed $3.10 or 0.24% to $1,280.40 on Friday and silver rose $0.01 or 0.05% to $19.38 per ounce.

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22
Aug
2014

Jackson Hole: Myth of the All Powerful Central Banker Continues

Today’s AM fix was USD 1,281.00, EUR 965.12 and GBP 772.29 ounce.
Yesterday’s AM fix was USD 1,280.50, EUR 965.03 and GBP 772.32 per ounce.

Gold fell $13.80 or 1.07% to $1,277.30 and silver slipped $0.03 or 0.15% to $19.47 per ounce.

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21
Aug
2014

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:

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20
Aug
2014

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.

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19
Aug
2014

Shanghai Becoming Global Gold Hub And Gold Price Discovery Centre

Today’s AM fix was USD 1,300.25, EUR 973.75 and GBP 781.17 ounce.
Yesterday’s AM fix was was 1,302.75, EUR 972.93 and GBP 778.51 per ounce.

Today’s ‘LBMA Silver Price’ was USD 19.66 per ounce.
Yesterday’s ‘LBMA Silver Price’ was USD 19.59 per ounce.


Gold Bust (2.8 Kilogramme) of Deng Xiaoping (Reuters/Bobby Yip)

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18
Aug
2014

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.

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