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PRECIOUS METALS (US $)
Gold 1296.70-7.12
Silver 20.49-0.05
Platinum 1477.60-5.65
Palladium 875.10-2.65
WORLD MARKETS
DOWJONES 1700117
NASDAQ 445712
NIKKEI 1561889
ASX 558111
CAC 40 436621
DAX 965455
HUI 242-2
XAU 1020
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AUS $ 1.4291
CAN $ 1.4556
US $ 1.3409
GBP (£) 0.7917
Sw Fr 1.2161
YEN 136.9400
CURRENCIES ($)
AUS $ 1.0658
CAN $ 1.0855
Euro 0.7458
GBP (£) 0.5905
Sw Fr 0.9068
YEN 102.1210
RATIOS & INDEXES
Gold / Silver63.28
Gold / Oil12.90
Dowjones / Gold13.11
COMMODITIES
Copper 3.22-0.02
WTI Oil 100.54-1.13
Nat. Gas 3.76-0.01
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In the last 24 hours
Mark O'Byrne - gold.ie
Russia Buys 18.6 Tonnes Of Gold In June - Currency Wars Intensify
Today’s AM fix was USD 1,307.50, EUR 972.84 and GBP 770.39  per ounce. Yesterday’s AM fix was USD 1,305.00, EUR 971.20 and GBP 768.55 per ounce. Gold climbed $2.30 or 0.18% yesterday to $1,305.10/oz and silver rose $0.12 or 0.58% to $20.62/oz. Gold rose 0.4% in London this morning after gold in Singapore traded sideways overnight. Futures trading volume continues to increase and was almost double the average for the past 100 days for this time of day, Bloomberg data shows. Gold in U.S. Dollars
Tuesday, July 29, 2014
Tim Iacono - Iacono Research
Too Low for Too Long?
With U.S. equity markets making new record highs on a weekly (if not daily) basis, there’s been a notable increase in the amount of “bubble talk” recently, said talk normally reaching a crescendo in the days leading up to another Federal Reserve policy meeting. That’s exactly what’s happening early this week in advance of a gathering of central bank officials as reports like Is the Fed fueling a giant stock market bubble? at USA Today via Motley Fool present graphics like the one below before an
Monday, July 28, 2014
More than 24 hours ago
Mark O'Byrne - gold.ie
Silver Manipulation To End; $150 Per Ounce Possible - Video
Today’s AM fix was USD 1,305.00, EUR 971.20 and GBP 768.55 per ounce. Friday’s AM fix was USD 1,292.50, EUR 961.18  and GBP  761.64 per ounce. Gold climbed $15.00 or 1.16% Friday to $1,307.40/oz and silver shot up $0.37 or 1.82% to $20.74/oz. Gold and silver were both down for the week - 0.24% and 0.53% respectively. Mark O’Byrne of GoldCore discusses silver and silver manipulation - see here Silver for immediate delivery fell 0.4% to $20.68 an ounce in London this morning. Platinum added 0.4%
Monday, July 28, 2014
Bron Suchecki - Perth Mint
  205,000 or 205 tonnes of gold, why commas matter 
Karen Hudes latest refers to "The UBS is holding 205,000 MT under the Global Debt Facility for the benefit of humankind" and she provides a link to a letter from UBS and associated gold certificates as proof of the figure. The letter says that "... volume of 205,000 Metric Tons issued last June 15, 1977 is unrestricted for collateral ..." Unfortunately, given that the letter and certificates are issued by UBS, a Swiss firm, and that Switzerland is one of the countries that uses commas as a dec
Monday, July 28, 2014
Bill Downey - Commodity Trader
Gold should be setting up the summer low during July 25 to July 30th
INTRA-DAY NEWSLETTER ~ July 25 2014 Oil Spikes, Stocks Dump As Van Rompuy Gives Green Light To Extend Russian Sanctions To Oil Submitted by Tyler Durden on 07/25/2014 - 11:27 Curious why Brent just spiked by over 1% (and the S&P500 took a leg lower)? The reason is headlines from Reuters citing Europe's unellected dictator, Van Rompuy who has said that sanctions should include Oil technology. However, in a hilarious twist, the unellected muppet of Europe's insolvent banks, hopes to get his sanc
Friday, July 25, 2014
Alasdair Macleod - Finance and Eco.
Market Report: Corrective Action
Precious metals drifted lower over the week in quiet trading. The bears took comfort in the lack of a positive price reaction to political news from the Ukraine and Gaza, and from economic surveys released in the US which disappointed analysts looking for signs of economic growth. Even the IMF downgraded its forecasts for the US economy, and the 10-year treasury yield fell back to 2.46%, having rallied up to 2.65% from the May low at 2.41%. This is shown in the chart below. If the 2.4% level is
Friday, July 25, 2014
Mark O'Byrne - gold.ie
Gold Lockdown Until Options Expiry Monday - New Singapore Gold Contract Threatens Manipulation
Today’s AM fix was USD 1,292.50, EUR 961.18 and GBP 761.64 per ounce. Yesterday’s AM fix was USD 1,300.00, EUR  964.68 and GBP 763.76 per ounce. Gold fell $12.50 or 0.96% yesterday to $1,292.40/oz and silver slid $0.55 or 2.63% to $20.37/oz. Singapore - Asia’s Growing Gold Hub Silver for immediate delivery rose 0.5% to $20.50 an ounce in London. Platinum added 0.3% to $1,472 an ounce. Palladium rose 0.4% to $874.20 an ounce. It remains near the 13-year high of $889.75 reached on July 17. Gold h
Friday, July 25, 2014
Perth Mint Blog - Perth Mint Blog.
Infographic - 2014 Trends and Beyond
RESEARCH AND ANALYSIS The Gold Series of five infographics concludes by identifying four major gold trends it suggests investors should be watching: Source: Visual Capitalist.
Friday, July 25, 2014
Bill Downey - Commodity Trader
Gold cycle turn low point favored between July 24th - July 30th
INTRA-DAY NEWSLETTER ~ July 25 2014 Initial Jobless Claims Plunge to Jan 2006 Lows, Government Warns Of "Seasonal Volatility" Submitted by Tyler Durden on 07/24/2014 - 08:37 So much for the idea of 'slack' in the economy, initial jobless claims just plunged 19k week-over-week to 284k (vs 307k expected) - the lowest since Jan 2006 (which was the lowest print since May 2000). This is the biggest beat of expectations in over 2 years. Continuing claims fell modestly. Let's not go popping the champa
Thursday, July 24, 2014
Mark O'Byrne - gold.ie
  EU Bail-Ins - Retrospective Bail-In Ignoring State Guarantee
Today’s AM fix was USD 1,300.00, EUR 964.68 and GBP 763.76 per ounce.  Yesterday’s AM fix was USD 1,307.50, EUR  971.04 and GBP  767.54 per ounce. Gold fell $1.60 or 0.12% yesterday to $1,304.90/oz and silver slipped $0.02 or 0.1% to $20.92/oz. Gold has eked out small gains  in London this morning after gold in Singapore fell nearly $10 overnight. Futures trading volume on the move down were very low and 37% below the average for the past 100 days for this time of day, according to Bloomberg d
Thursday, July 24, 2014
Mark O'Byrne - gold.ie
‘Apocalypse’ Krugman Ignores Keynes And Comrade Lenin’s Warnings 
Today’s AM fix was USD 1,307.50, EUR 971.04 and GBP 767.54 per ounce. Yesterday’s AM fix was USD 1,307.00, EUR  969.44 and GBP 765.76 per ounce. Gold fell $6.40 or 0.49% on yesterday to $1,306.50/oz and silver remained unchanged at $20.94/oz. Gold in U.S. Dollars - 50, 100, 200 SMAs (Thomson Reuters) Gold remains in a very tight range in London this morning as did gold bullion in Singapore overnight. Futures trading volumes were low and 7% below the average for the past 100 days for this time
Wednesday, July 23, 2014
Bill Downey - Commodity Trader
Gold Dumped (pre-CPI) and Pumped (post-CPI)
INTRA-DAY NEWSLETTER ~ July 22 2014 Gold Dumped (Pre-CPI) And Pumped (Post-CPI) Submitted by Tyler Durden on 07/22/2014 - 08:49 9 minutes before CPI data hit, gold futures were slammed lower on notable volume ($390 million). Then as CPI hit and "noise" was evidently not going away, gold prices surged over $12 to $1316 obn very heavy volume... Gold is moving inversely with the USD (which is flying around) as stock rally (?) and longer-term bonds rally/flatten. CPI Remains Stubbornly High as Ye
Tuesday, July 22, 2014
Mark O'Byrne - gold.ie
Gaza And Ukraine: Pawns In A Deadly, Grotesque Geopolitical Game 
Today’s AM fix was USD 1,307.00, EUR 969.44 and GBP 765.76 per ounce. Yesterday’s AM fix was USD 1,312.75, EUR 970.75 and GBP 768.72 per ounce. Gold rose $2.40 or 0.18% on yesterday to $1,312.90/oz and silver climbed $0.09 or0.43% to $20.94/oz. Gold prices are flat in London this morning after gold in Singapore fell from $1,312/oz to $1,305/oz. Futures trading volumes were low and 16% below the average for the past 100 days for this time of day. Increased risk appetite as seen in rising stock
Tuesday, July 22, 2014
Chris Powell - GATA
New gold miner ETF avoids primary investment in Barrick
Looks like you can now buy a gold-mining stock exchange-traded fund without putting the biggest part of your money in Barrick Gold, the biggest gold hedger and enabler of gold price suppression, the company that 11 years ago, by virtue of its enormous hedging, claimed to be the agent of central banks in the gold market: http://www.gata.org/node/1858 The new ETF is the Sprott Gold Miners ETF, which began trading last week. According to its announcement, the ETF is based on the Sprott Zacks Gold M
Tuesday, July 22, 2014
Mark O'Byrne - gold.ie
BOE’s Carney Leads Push For Bail-Ins - China and Japan Against
Today’s AM fix was USD 1,312.75, EUR 970.75 and GBP 768.72 per ounce. Friday’s AM fix was USD 1,310.25, EUR 968.40 and GBP 765.78 per ounce. Gold fell $9.10 or 0.69% on Friday to $1,310.50/oz and silver slipped $0.29 or 1.37% to $20.85/oz. Gold and silver were both down on the week at 2.03% and 2.71% respectively. Gold gained in London as investors were concerned re military conflict in Ukraine and Gaza. Palladium held below a 13-year high. Source: Finviz Gold has its first weekly loss in sev
Monday, July 21, 2014
Jesse - Le Cafe Américain
Gold Daily and Silver Weekly Charts - Sleepwalking To a Wipeout
Word has it that Goldcorp is eyeing Newmont (at these price levels and reserves) with covetous eyes. Can't say I would blame them. Markets shook off the scare of a new cold to medium warm war yesterday as conflicts took their toll on innocents in the Ukraine and in Gaza. The beleaguered Espírito Santo International has declared bankruptcy. The Anglo-American financial system's moral bankruptcy is already a generally recognized fait accompli, except by those caught up in the credibility tr
Sunday, July 20, 2014
David Jensen
GOFO, Platinum and Palladium Physical Markets and Other Topics
Jay Taylor Interview with Daved Jensen MP3 Length: 30 mins 42 seconds Summary of topics in a discussion with Jay Talor on July 14, 2014: 1. GOFO Slightly positive for 1, 2, & 3 months ; USD lending and gold lending net almost the same return. 2. Platinum and Palladium physical premia: premium for Palladium at $137 /oz on Shanghai Metal Exchange vs NY / London premium for Platinum at $ 93 / oz (SME) and $64 /oz (Shanghai Gold Exchange) 3. Trading "u
Saturday, July 19, 2014
Alasdair Macleod - Finance and Eco.
Market Report: Sharp consolidation
Before yesterday's (Thursday) rise in bullion prices, precious metals were in corrective mode this week after recent rises. There were two big stand-out sales of gold contracts on Monday, estimated to be about 5,000 contracts at the European opening, and 15,000 on the US opening. The combination of the two sales drove gold down over $30, and on Tuesday a further sale of 15,000 contracts drove the price down to a low of $1293 for a total fall of $45. This negative action occurred at the same time
Saturday, July 19, 2014
Bill Downey - Commodity Trader
Gold uptrend channel and sideways channel battle
INTRA-DAY NEWSLETTER ~ July 18 2014 In last nights website update we stipulated that it was best to wait and see what Friday brings to the gold price. So far we have retraced 20 dollars from the 1325 high hitting a low at 1305. Odds favor that is the low of the day for today but there is a lot of back and forth going on in the gold struggle. What we must not forget is there is continuing deterioration in global economic conditions, as well as deflationary forces that are still in play. We don’t
Friday, July 18, 2014
Mark O'Byrne - gold.ie
'Archduke Ferdinand' Moment? Drums Of War Grow Louder In Ukraine and Middle East 
Today’s AM fix was USD 1,310.25, EUR 968.40 and GBP 765.78 per ounce. Yesterday’s AM fix was USD 1,302.75, EUR 962.65 and GBP 761.35 per ounce. Gold rose $21.10 or 1.62% yesterday to $1,319.60/oz and silver climbed $0.39 or 1.88% to $21.14/oz. Source: Finviz Gold dipped 0.4% on profit taking today but is likely to be supported by a wave of risk aversion after the airline tragedy. Stocks fell and brent oil climbed above $108 a barrel, extending  sharp overnight gains amid heightened geopolitical
Friday, July 18, 2014
Jesse - Le Cafe Américain
- The Fog of Currency War
"Violence, less and less embarrassed by the limits imposed by centuries of lawfulness, is brazenly and victoriously striding across the whole world, unconcerned that its infertility has been demonstrated and proved many times in history. What is more, it is not simply crude power that triumphs abroad, but its exultant justification. The world is being inundated by the brazen conviction that power can do anything, and justice nothing." Aleksandr Isayevich Solzhenitsyn There was a flight to safe
Friday, July 18, 2014
Mark O'Byrne - gold.ie
Gold Back Over $1,300 And Palladium At 13 Year High On New Russia Sanctions
Today’s AM fix was USD 1,302.75, EUR 962.65 and GBP 761.35 per ounce. Yesterday’s AM fix was USD 1,297.50, EUR 958.13 and GBP 757.40 per ounce. Gold rose $4.40 or 0.34% yesterday to $1,298.50/oz and silver climbed $0.04 or 0.19% to $20.75/oz. Gold In U.S. Dollars - 2 Years and 50, 100, 200 Simple Moving Averages (Thomson Reuters) Gold rose for a second-day in London as new sanctions on Russia increased safe haven demand.   Geopolitical tensions with Russia and in the Middle East are leading to
Thursday, July 17, 2014
Jesse - Le Cafe Américain
Nanex: The Market Is Rigged, With Details
Oh no, this could not possibly be correct, say the trolls, shills, revolving door careerists, media carnival barkers, and conmen's assistants. This does not only apply to very large orders in excess of 10,000 shares.  I have seen the same type of activity in smaller markets with orders of only a few thousand shares.  Anyone who has Level 2 access can see it if they look closely enough. These pampered princes of Wall Street are steadily degrading the markets, and distorting and taxing the real
Thursday, July 17, 2014
Mark O'Byrne - gold.ie
India Sees Gold Imports Surge 65% In June
Today’s AM fix was USD 1,297.50, EUR 958.13 and GBP 757.40 per ounce. Yesterday’s AM fix was USD 1,312.00, EUR 965.20 and GBP 765.51 per ounce. Gold fell $12.60 or 0.96% yesterday to $1,294.10/oz and silver slipped $0.21 or 1% to $20.71/oz. Gold In U.S. Dollars and Global ETF Holdings - 6 Months (Thomson Reuters) Gold’s sell off yesterday was again due to concentrated selling on the COMEX. The sale of over 17,000 contracts or over $2.3 billion worth of gold futures contracts in minutes led to g
Wednesday, July 16, 2014
Bron Suchecki - Perth Mint
Indian monsoon & 12.5% interest gold loans 
I have a short post up on the corporate blog on the current state of the Indian monsoon, which matters because poor agrarian Indian farmers are purported to buy over 60% of Indian gold. If monsoon rains are good they buy gold, if not they sell some to buy next year’s crop. While writing this article came up which is mildly negative for Indian gold demand (as it is only talking 80 tonnes) as it seems the jewellery industry is going to be further crimped by a new rule limiting their gold deposit
Wednesday, July 16, 2014
Perth Mint Blog - Perth Mint Blog.
Monsoon - Better Late Than Never For Indian Gold Demand
RESEARCH AND ANALYSIS Something that is not getting much coverage is the poor monsoon rainfall in India this year. This matters because poor agrarian Indian farmers are purported to buy over 60% of Indian gold. A contact of mine has provided the following update: â??Finally, some good rainfall in India, but it could be too little too late. Rains need to be above normal/normal from now until the end of July so that crops will come in okay. India has missed early crop growing season, and if July d
Wednesday, July 16, 2014
Mark O'Byrne - gold.ie
Gold Manipulation? - $1.3 Billion Paper Gold Dump As ETF And Coin Demand Rise
Today’s AM fix was USD 1,312.00, EUR 965.20 and GBP 765.51 per ounce. Yesterday’s AM fix was USD 1,321.25, EUR 969.87 and GBP 771.53 per ounce. Gold dropped $31.00 or 2.32% yesterday to $1,306.70/oz and silver slid $0.50 or 2.38% to $20.92/oz. Gold In U.S. Dollars - 2 Days (Thomson Reuters) Gold rebounded 0.4% in Asian and European trading from a one month low on speculation yesterdays sharp sell off in the paper market, the biggest price fall this year, may lead to  increased ETF and physical
Tuesday, July 15, 2014
Bron Suchecki - Perth Mint
GLD amendment refers to "unforeseen reasons" for unallocated failure 
GLD has some amendments to its terms up for vote, one of which is "that creations may only be made after the required gold deposit has been allocated to the Trust Allocated Account from the Trust Unallocated Account" (hat tip I Shrugged; see here for an explanation of the existing creation process). What is interesting is the explanation of why they are making this amendment: "This amendment provides additional security for Shareholders by eliminating potential risks related to issuing baskets
Tuesday, July 15, 2014
Mark O'Byrne - gold.ie
EU Bail-Ins Coming As Germany OKs Depositor Bail-In
Today’s AM fix was USD 1,321.25, EUR 969.87 and GBP 771.53 per ounce. Friday’s AM fix was USD 1,336.50, EUR 981.78 and GBP 779.39 per ounce. Gold climbed $1.90 or 0.14% Friday to $1,337.70/oz and silver rose $0.05 or 0.23% to $21.43/oz. Gold and silver were both up for the week at 1.37% and 1.42%. Gold pulled back from its recent highs from $1,340/oz to $1,316/oz. There are a number of factors supporting gold’s price level and we believe will likely give it a boost in the near term. Quantitativ
Monday, July 14, 2014
Jesse - Le Cafe Américain
Gold Daily and Silver Weekly Charts - Poised on a Knife's Edge
The World Cup final is on Sunday, and the punters have Germany and Argentina as fairly even odds with a bit of an edge to the Germans.  I would call it pretty even, especially since it is only one game, and a typically low scoring one at that which can turn on a few events and an emotional tide. Speaking of too close to call, gold and silver turned in a satisfactory week's performance, and are on the verge of breakouts. We have been here before. Let's see if they can find firmer ground and s
Sunday, July 13, 2014

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