Category: Precious Metals Update

09
Dec
2014

European Banks At Risk Of Bail-Ins In 2015 – Moody’s and S&P Warn

Europe's banks are vulnerable in 2015 due to weak macroeconomic conditions, unfinished regulatory hurdles and the risk of bail-ins according to credit rating agencies.

The economic outlook for European banks in 2015 will be hampered by weak profits, risks of bail-ins and litigation charges, Moody's Investors Service announced Monday.

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02
Dec
2014

US Debt Reaches $18 Trillion; Surges 70% In ‘Recovery’ of President Obama

Total U.S. national debt hit a new record high overnight at over $18 trillion as the Obama administration continues to pile debt onto the back of the U.S. taxpayer at a rate that would have made George W. Bush look positively prudent.
US national debt limit vs gold

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13
Nov
2014

“Now Is A Good Time” To Buy Gold – Fidelity Investments

Joe Wickwire, research analyst and portfolio manager at Fidelity investments, presented some very grounded, reasonable arguments as to why one should buy gold at the LBMA Precious Metals Conference in Lima, Peru which concluded on Tuesday.


Fidelity Investments Logo

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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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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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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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15
Aug
2014

New ‘LBMA Silver Price’ – Still Not Transparent

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14
Aug
2014

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)

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13
Aug
2014

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.

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