Chart usGOLD   Chart usSILVER  
 
Food for thought
Whenever you find you are on the side of the majority it is time to pause and reflect
Mark Twain  
Search for :
LATEST NEWS  :
MINING STOCKS  :
Subscribe
Write Us
Add to Google
Search on Ebay :
PRECIOUS METALS (US $)
Gold 1216.728.74
Silver 17.310.36
Platinum 1279.50-14.30
Palladium 775.605.35
WORLD MARKETS
DOWJONES 16863-177
NASDAQ 4444-49
NIKKEI 16082-91
ASX 533538
CAC 40 4365-51
DAX 9382-92
HUI 1983
XAU 821
CURRENCIES (€)
AUS $ 1.4437
CAN $ 1.4088
US $ 1.2610
GBP (£) 0.7780
Sw Fr 1.2069
YEN 137.7850
CURRENCIES ($)
AUS $ 1.1449
CAN $ 1.1171
Euro 0.7930
GBP (£) 0.6170
Sw Fr 0.9571
YEN 109.2680
RATIOS & INDEXES
Gold / Silver70.29
Gold / Oil13.38
Dowjones / Gold13.86
COMMODITIES
Copper 3.04-0.02
WTI Oil 90.921.16
Nat. Gas 4.140.02
Market Indices
Metal Prices
RSS
Precious Metals
Graph Generator
Statistics by Country
Statistics by Metals
Advertise on 24hGold
Projects on Google Earth
Gold and Silver Market Analysis
In the last 24 hours
Mark O'Byrne - gold.ie
Gold Is “Universally Acceptable” and Why China Is Buying - Greenspan
Alan Greenspan, former Chairman of the Fed, had an article entitled “Golden Rule - Why Beijing Is Buying” published in Foreign Policy, the journal of the influential Council on Foreign Relations in which he extols the virtues of gold as “universally acceptable.” Greenspan, former Chairman of the Federal Reserve Board of the United States from 1987 to 2006, points out that if the world’s largest gold consumer, China, used a portion of its massive $4 trillion foreign exchange reserves to buy enou
Wednesday, October 01, 2014
Chris Powell - GATA
Koos Jansen: China aims to exceed U.S. in gold reserves
The president of the China Gold Association, gold researcher and GATA consultant Koos Jansen discloses today, argues that China should accumulate gold reserves greater than those of the United States because gold is a strategic asset, money without counterparty risk. The association's president, Song Xin, adds that a "gold bank" should be established by China "to break the barrier between the commodity and monetary world. It can further help us acquire reserves and give us more say and control
Wednesday, October 01, 2014
Jeb Handwerger - GoldStockTrades
Forex Volatility Predicting Bottom in Precious Metals?
Summary Volatility in foreign exchange market as investors flee euro and yen for liquid U.S. dollar. Euro and yen hitting multi-year lows. Inflation picking up outside US. US dollar seen as temporary safe haven. Could the US dollar be the next currency to decline? Precious metals and junior miners trading at historic discounts should be considered as an alternative to fiat currency. Deflations set the stage for hyper-inflations. Over the past few months, I have seen an in
Wednesday, October 01, 2014
Mark O'Byrne - gold.ie
  Singapore Becoming Global Gold Hub - Launches Kilo Bar Contract And Gold ATMs
Singapore continues its push to be a global gold hub. The new exchange traded Singapore kilobar gold contract will launch in less than two weeks - on October 13. The new contract is a 1 kilogramme physically deliverable gold contract for the Asian and global wholesale gold market.  Launching of SGX Gold Futures Contract: (from left) Harshika Patel, Managing Director, JP Morgan; Sunil Kashyap, Managing Director, Bank of Nova Scotia; Aram Shishmaniam, CEO, World Gold Council; Ng Cheng Thye, Presi
Wednesday, October 01, 2014
More than 24 hours ago
Mark O'Byrne - gold.ie
Russia’s Gokhran Buying Gold Bullion In 2014 and Will Buy Palladium In 2015
Gokhran, the Russian precious metals and gems repository, said it has been buying gold bullion in 2014 and will likely to start buying palladium bullion in 2015, Interfax news agency reported this morning, citing the head of Gokhran, Andrey Yurin.  GOKHRAN, Russian State Precious Metals and Gems Repository Gokhran has been buying gold bullion on the Russian market this year and has no plans to sell palladium from stock in 2014 , Yurin said.   Gokhran’s palladium reserves are a state secret and
Monday, September 29, 2014
Chris Powell - GATA
Conspiracy fact: The European Central Bank Gold Agreement is renewed 
Bullion Vault research director Adrian Ash notes that the fourth European Central Bank Gold Agreement takes effect today, extends for five years, and removes any limits on gold sales by the 21 signatories while acknowledging that "they do not have any plans to sell significant amounts of gold," because the limits contained in predecessor agreements had come to look silly, such sales having ended long ago. Ash's commentary is headlined "End of the Central Bank Gold Agreement" and it is posted at
Monday, September 29, 2014
Mark O'Byrne - gold.ie
Death Of 'Safe Haven' Gold Greatly Exaggerated
With escalating conflict in the Middle East, an unresolved conflict in the Ukraine, and various other geo-political risks on the horizon such as the contagion risk of Ebola, it would be expected that the longstanding 'safe haven' qualities of gold would come into play as they have done in the past.  In September 2008, during the financial crisis, the gold price rose $50 in one day, September 18, as investors sought refuge in the one asset that they perceived to be a safe-haven of high liquidity
Friday, September 26, 2014
Bron Suchecki - Perth Mint
Gold bottom update 
Following up on my Sep 18 post gold has bounced a couple of times off sub $1210 level which is encouraging. I note there was another 5 tonnes of kilobars withdrawn out of Comex on the 23rd and by my calculation there is still another 10 tonne of kilobars in Comex still to come out. SGE premiums have been moving up and currently at 1.05 yuan/gram and this matches the premiums Perth Mint has been getting on kilobars, which have increased since my last post. Part of that demand has been related to
Friday, September 26, 2014
David Jensen
UK Disses US Dollar While Promoting Gold Yuan
Topics 1. New Shanghai Free Trade Zone (FTZ) Gold Exchange for foreigners to trade physical yuan for physical gold - a prerequisite for it to be a globally accepted currency - FTZ Exchange Chairman says goals include "boost use of Yuan currency,... ..., and help pave the way for the Yuan to become a global currency... .... we're also attempting to be a hub where gold can be traded and shipped elsewhere..
Friday, September 26, 2014
Bill Downey - Commodity Trader
Gold holding on to key support channel line
Gold Holding on to Key Support Channel Line Eric Holder Is ResigningSubmitted by Tyler Durden on 09/25/2014 - 10:48 And now, for the best news of the day, we go to NPR which reports that Eric "Too Big To Prosecute" Holder is resigning. From NPR: "Eric Holder Jr., the nation's first black U.S. attorney general, is preparing to announce his resignation Thursday after a tumultuous tenure marked by civil rights advances, national security threats, reforms to the criminal justice system and five an
Thursday, September 25, 2014
Mark O'Byrne - gold.ie
Currency Wars Deepen - Russia, Kazakhstan Buy Very Large 30 Tons Of Gold In August
Russia and ex Soviet States Kazakhstan, Kyrgyz Republic and Azerbaijan continued to accumulate significant gold reserves in August in a trend that we highlighted last month: Russia Coordinating Gold Reserve Accumulation With Ex Soviet States? Latest official gold reserve data from the International Monetary Fund (IMF) shows that Russia again added to its gold reserves in August, with the Central bank of the Russian Federation purchasing  232,510 ozs (7.23 tonnes) and bringing its total gold res
Thursday, September 25, 2014
Mark O'Byrne - gold.ie
Venezuela's Gold Appears To Be Still In Venezuela But For How Long?
▶ Where is Venezuela's 366 tonnes of gold? ▶ Does Venezuela still control and own unencumbered it’s own gold reserves? Former President Hugo Chavez and a London Good Delivery Gold Bar (400 oz) ▶ Bank of America economist on visit to Venezuelan central bank last week was allowed to view the bank's gold vault and the gold repatriated by President Hugo Chavez ▶ Is any of the country's gold encumbered, loaned or leased to Goldman Sachs or other banks? ▶ Is there a possibility of this given the Vene
Wednesday, September 24, 2014
Bill Downey - Commodity Trader
Gold at ideal day for medium term cycle turn (Sept 23rd)
INTRA-DAY NEWSLETTER ~ Sep 23 2014   The Decline & Fall Of Europe: French Farmers Set Tax Office On Fire Submitted by Tyler Durden on 09/23/2014  Submitted by Martin Armstrong via Armstrong Economics, French vegetable farmer have set a tax office and a building on fire destroying the government facility which was the symbol of the increasing administrative burden and sanctions that is killing farming. Hundreds of tractors and trailers of the farmers converged on Friday evening before the b
Tuesday, September 23, 2014
Mark O'Byrne - gold.ie
Gold, Silver Bullion Coin Sales Robust Despite Sell Off
Despite the recent bout of price weakness, gold American eagle coin sales from the U.S. Mint have picked up significantly from last month. The latest bullion coin sales figures from the U.S. Mint show a tentative pickup and robust retail bullion demand, with September sales stronger for both the  American Eagle and American Buffalo gold coins as well as for the American Eagle silver 1oz coins. U.S. Mint Gold Buffalo Bullion Coin (1 oz) Month-to-date for September, gold Eagle sales across all co
Tuesday, September 23, 2014
Gary Tanashian - Biwii
The Macro View and the Stock Market
By Gary TanashianLast week we noted that Uncle Buck would be front and center in the analysis, not because the strength in the (anti-market) currency was not expected (it was), but because our big picture theme of an ongoing economic contraction had remained intact (ref: gold vs. commodities ratio) over the long-term.It is important here to remember that NFTRH would only be on its big picture macro themes as long as indictors implied they are still viable.  I will be damned if I will let us foll
Tuesday, September 23, 2014
Jesse - Le Cafe Américain
Two Estimations of Chinese Gold Demand 
I found it interesting that these two estimations of Chinese gold demand arrive at similar answers from two different methods and assuming two different start dates. Before anyone asks, Koos Jansen has addressed the notion of 'round trips' of gold on the Shanghai Exchange in some detail.   It is not the same sort of bullion game that is the hall mark of the Comex. The first chart is from the data wrangler Nick Laird at Sha
Monday, September 22, 2014
Jesse - Le Cafe Américain
Russia Adds Another 300,000 Ounces of Gold To Its Reserves In August
Notice something that might be called a 'policy change' around 2007? That is when we saw the sea change in the central banks, when they turned from net sellers to net buyers overall of gold bullion.  The Comex moves its paper and relatively thin reserves around the around the plate.   Bill Holter thinks that China and the East are starting to take away the pricing mechanism from the CME and London.    Let's see how that works out.  I notice quite a few of the usual suspects o
Saturday, September 20, 2014
Robert McHugh - SafeHaven
HIGH ALERT!! The Stock Market is in a Dan...

Saturday, September 20, 2014
Jesse - Le Cafe Américain
Long Term Gold Chart with Retracements
Our friend Lenny sent the patrons of the café a long term gold chart that is quite interesting  We have certainly been through the ups and downs of these markets together, It shows the strong support at 1180, and the longer term trend line that works on a logarithmic chart. I asked Len to include the retracement levels, because as I recalled there had been a prior big retracement earlier in this bull market, from 1030 to 681 that shook quite a few people out. I was wondering how this c
Saturday, September 20, 2014
Alasdair Macleod - Finance and Eco.
Market Report: Another miserable week for PMs
Gold and silver drifted lower over the course of the week, with a challenge to the $1200 level for gold becoming a distinct possibility. Silver is struggling to hold $18.50. Mainstream opinion has been negative for commodities generally, with a strong dollar undermining them. Brent crude, for example, is now well under $100. It is important to understand the connectedness between different asset classes in today's markets. Hedge funds, and bank traders sell one asset and hedge it by taking a pos
Saturday, September 20, 2014
Mark O'Byrne - gold.ie
Scotland Says "No" - Fallout May Impact Pound
The result of the Scottish independence referendum was announced early this morning, with 55.3% of voters wanting to stay in the United Kingdom (UK) and 44.7% wanting Scotland to become an independent nation.  Voter turnout was exceptionally high at nearly 85% (about 3.6 million people), which was not surprising given the importance of the referendum. To some extent a cloud of economic and currency uncertainty that was hanging over Scotland and the rest of the UK has now been lifted. Share pric
Friday, September 19, 2014
Mark O'Byrne - gold.ie
Scotland Says No - Pound To Suffer From Fallout
The result of the Scottish independence referendum was announced early this morning, with 55.3% of voters wanting to stay in the United Kingdom (UK) and 44.7% wanting Scotland to become an independent nation.  Voter turnout was exceptionally high at nearly 85% (about 3.6 million people), which was not surprising given the importance of the referendum. To some extent a cloud of economic and currency uncertainty that was hanging over Scotland and the rest of the UK has now been lifted. Share pric
Friday, September 19, 2014
Bron Suchecki - Perth Mint
Gold bottoming?
This morning I recorded an interview with Al Korelin for his weekend show which should be up Saturday US time. Al talked about how bad the sentiment was in the gold market right now, the worst he has ever seen, and I'd have to agree. Having said that, I talked about the recent return of demand for gold kilobars from Asia. Premiums have come up off the floor and are moving up nicely. This caused me to have a look at the kilobar movements in COMEX warehouses (see here for background on this indic
Thursday, September 18, 2014
Bill Downey - Commodity Trader
Gold arriving at medium term cycle turn point
INTRA-DAY NEWSLETTER ~ Sept 17 2014 Futures Unchanged Hours Ahead Of Janet Yellen, As Chinese Liquidity Lifts All Global Boats Submitted by Tyler Durden on 09/17/2014 It has been a story of central banks, as overnight Asian stocks reversed nearly two weeks of consecutive declines - the longest stretch since 2001 - and closed higher as the same catalysts that drove US equities higher buoyed the global tide: a combination of Chinese liquidity injection (for the paltry amount of just under $90 b
Wednesday, September 17, 2014
David Jensen
Golden Yuan World Reserve Currency After Volcker Dooms the Dollar
MP3: Discussion with Jay Taylor taped September 15, 2014. Topics 1. Shanghai Gold Exchange and Shanghai Metal Exchange physical metals premia vs. LBMA pricing: SGE Gold: $1,267.83 /oz & premium of $ 9.83/oz. = +0.5 % premium vs LBMA vs. +0.8% last week SGE Silver: $21.22 /oz & premium of $2.18 /oz. = +11.8% premium vs LBMA vs. +11.4% last week SME Palladium $1,038.58 /oz & premium of $159.58 /oz. = +16.8% premium vs LBMA vs. +18.2% last week SM
Wednesday, September 17, 2014
Mark O'Byrne - gold.ie
U.S. National Debt Surges $1 Trillion In Just 12 Months … Meanwhile FOMC “Tweaks” Wording
The U.S. financial position continues to deteriorate badly and in the last 12 months has increased by over $1 trillion dollars. Nick Laird of Sharelynx has just reproduced his fascinating and timely chart showing the US debt limit, the actual US debt and the gold price all in one chart. From 2000 until around the first quarter of 2013, there was a very strong and close correlation between the growth of the US national debt and the rise in the US dollar gold price. After Q1 2013 this correlation
Wednesday, September 17, 2014
Bill Downey - Commodity Trader
Gold nearing critical support points on the charts
INTRA-DAY NEWSLETTER ~ Sept 16 2014 The Deflationary hits just keep on coming…………… Producer Price Increase Lowest In 2014 As Energy Slides Submitted by Tyler Durden on 09/16/2014 - 08:43 PPI Final Demand was unchanged in August (+0.0% against expectations of +0.0%) making it lowest monthly gain since December 2013 (after revisions moved May's data). Across the board producer prices rose (or didn't) as expected with Final Demand YoY +1.8%. Energy prices fell 1.5% MoM and was the biggest driv
Tuesday, September 16, 2014
Mark O'Byrne - gold.ie
Gold Demand In India Triples As China Launches Global Gold Bourse This Thursday
Gold Webinar - Your Questions & Answers' on Today Sep 16, 2014 at 1300 EST > See here The Death Of The Indian Gold Market Has Been Greatly Exaggerated Indians Prepare To Buy Gold At Diwali  Trade statistics for the month of August have just been released in India, showing a huge surge in gold imports compared to August of 2013. The value of gold officially imported into India in August totalled $2.04 billion, which was nearly three times more than the August 2013 figure of $739 million.  Alth
Tuesday, September 16, 2014
Gary Tanashian - Biwii
A Closer Look at the USD
By Gary TanashianUsing the standard weekly currency chart we followed along for months as the Euro found resistance at the long-term downtrend line as expected, the commodity currencies long ago lost major support and non-confirmed the commodity complex and the US dollar moved from a hold of critical support, to a trend line breakout, to its current impulsive and over bought status.  It is time now for a closer look at Uncle Buck since this reserve currency is key to so many asset markets the wo
Monday, September 15, 2014
Mark O'Byrne - gold.ie
“I Want To Be Diversified, I Want To Own Some Gold” - Faber
“I Want To Be Diversified, I Want To Own Some Gold” - Faber Veteran investor Marc Faber, author of The Gloom, Boom and Doom Report, reiterated the need for gold in a diversified portfolio when interviewed last week on CNBC.  Faber, a resident of Thailand, is an advocate of gold storage in Singapore, and believes that a diversified portfolio will help protect against future market corrections which he believes are on the horizon. Faber doesn’t see further new highs this year in the US equity mar
Monday, September 15, 2014

Advertising