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PRECIOUS METALS (US $)
Gold 1305.17-0.73
Silver 20.90-0.03
Platinum 1476.70-4.55
Palladium 869.50-0.60
WORLD MARKETS
DOWJONES 17088-29
NASDAQ 447317
NIKKEI 15329-15
ASX 556733
CAC 40 43767
DAX 975419
HUI 239-1
XAU 1000
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AUS $ 1.4234
CAN $ 1.4434
US $ 1.3461
GBP (£) 0.7900
Sw Fr 1.2146
YEN 136.6300
CURRENCIES ($)
AUS $ 1.0580
CAN $ 1.0726
Euro 0.7429
GBP (£) 0.5869
Sw Fr 0.9023
YEN 101.5050
RATIOS & INDEXES
Gold / Silver62.45
Gold / Oil12.51
Dowjones / Gold13.09
COMMODITIES
Copper 3.200.00
WTI Oil 104.30-0.29
Nat. Gas 3.76-0.02
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Most read articles
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
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
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
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
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
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
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
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
'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
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
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
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
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
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
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
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
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
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
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 uptrend still intact but short term cycles need to be watched
July 11 2014 Initial Resistance 1342-1347 2nd tier 1355-1359 Initial Support 1331-1335 2nd tier 1318-1322 The rally in gold started yesterday after the Federal Reserve minutes were released and got another bump up, as investors reacted towards the European news. This is a small move towards safety, but if other banks in Europe are affected, we could see a much larger migration towards safety. With financial fears being rekindled in Europe as problems in the debt market surface, specifically wi
Friday, July 11, 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
Alasdair Macleod - Finance and Eco.
Market Report: The ghost of bail-ins past returns the financial stage
Gold and silver had a good week after the US holiday last Friday. From a low of $1312 on Tuesday, gold rose to a high point of $1345 yesterday, and silver from $20.84 to $21.60. Open interest is climbing too for both metals, as shown in the following charts. This is healthy and indicates that the uptrend has some wind behind it. However, the Bank Participation Report for 1 July shows a sharp deterioration in the banks' positions, illustrated in our third chart. The net long position of the
Friday, July 11, 2014
Mark O'Byrne - gold.ie
Gold To Rise On “Systemic And Geopolitical Risk” As Price Fixing Ends
Today’s AM fix was USD 1,318.25, EUR 969.23 and GBP 770.73 per ounce. Yesterday’s AM fix was USD  1,313.25, EUR 965.84 and GBP 765.97 per ounce. Gold remained unchanged yesterday at $1,319.60 and silver slipped $0.11 or 0.52% to $21.02 per ounce. London's scandal-hit gold price fixing under spotlight (AFP) Gold bullion rose today, pushing higher after a couple of down days as some investors reallocate from record high stock markets. Yesterday, gold closed at its lowest level in a week, as inve
Tuesday, July 08, 2014
Mark O'Byrne - gold.ie
Silver Up 10.3% YTD - Outperformance To Continue
Today we look at silver and why it is an important allocation in all portfolios - Why Silver is in a Bull Market and How High Could it Go? - Is Silver About Returns Or A Hedge Against Inflation & Systemic Risk? - Silver: Very Small Global Supply - Silver: Increasing Technological and Industrial Demand - Silver: Medical Demand - Silver’s Unique Properties - Silver: Increasing Investment Demand - Silver Undervalued Versus Gold - Conclusion Today’s AM fix was USD 1,336.50, EUR 981.78 and GBP 779.39
Friday, July 11, 2014
Mish - Global Economic Analysis
New App Offers Stock Trades for $0 Commission; End of $7 to $10 Trades at E*trade and Schwab?
Many companies claim to be discount brokers. But there is no definition of the term. Charles Schwab was a pioneer in discount trading, but other online trading firms offer lower prices. The ultimate in low-commission trading is $0 per trade, and that model is about to hit the street. "Robinhood", a new app in the works has a huge waiting list precisely because it offers trade commissions for noting. CNN Money reportsTrading App has 340,000 Person Wait List. The legendary archer of Sherwood
Wednesday, May 21, 2014
Mark O'Byrne - gold.ie
Europe Seeks Alternative To Dollar Dominance - 70 Year Shift
Today’s AM fix was USD 1,313.25, EUR 965.84 and GBP 765.97 per ounce. Friday’s AM fix was USD 1,321.50, EUR 972.34 and GBP 770.69 per ounce.       The U.S. market was closed on Friday for a national holiday. Friday’s PM fix in London was USD 1,319.25, EUR  970.89 and GBP 769.02 per ounce.       Reserve Currencies In History Gold has fallen from a three month high and bullion for immediate delivery fell 0.5% to $1,314.38 an ounce in London. The metal climbed to $1,332.33 on July 1, the highest p
Monday, July 07, 2014
Bill Downey - Commodity Trader
Gold reaching important resistance at 1330-1335 & next at 1342.
June 30, 2014 Europe Gives Bulgaria A Bank System Lifeline As Battle Over "South Stream" Pipeline Heats Up Submitted by Tyler Durden on 06/30/2014 - 13:24 Earlier today Reuters reported that the European Commission said on Monday it had approved a Bulgarian request to extend a credit line of 3.3 billion levs ($2.30 billion) in support of banks that have come under speculative attack. “The Commission concluded that the state aid implied by the provision of the credit line is proportionate and co
Monday, June 30, 2014
Mark O'Byrne - gold.ie
Gold Surges Above Resistance At $1,334 As Israel Prepares Possible Invasion Of Gaza
Today’s AM fix was USD 1,343.25, EUR 985.22 and GBP 784.61 per ounce. Yesterday’s AM fix was USD  1,322.50, EUR 971.71 and GBP  773.08 per ounce. Gold climbed $8 or 0.61% yesterday to $1,327.70/oz and silver rose $0.07 or 0.33% to $21.11/oz. Silver is outperforming again today. It is up 2% to its highest since mid-March at $21.54/oz. It's currently on track for a sixth consecutive week of gains, a feat it hasn't pulled off since early 2011, according to Reuters. Gold In U.S. Dollars and 50, 10
Thursday, July 10, 2014
Robert McHugh - SafeHaven
A Significant Decline is Coming to The Stoc...

Saturday, July 12, 2014
Chris Powell - GATA
Gene Arensberg: Big new silver shorts have been misidentified, squeeze is likely 
The Got Gold Report's Gene Arensberg tonight digs into the latest silver futures trading position data and concludes that most of short positions recently added belong not to the major bullion banks, as is widely suspected, but to other commercial traders, "swap dealers." Arensberg thinks they have vastly oversold the metal in an attempt to stop its rally and are now vulnerable to a short squeeze. Arensberg's commentary is headlined "Swap Dealers' 'Goal-Line Stand' for Comex Silver Futures in Je
Thursday, July 10, 2014

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