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Mark O'Byrne -
India Gold Demand Surges 450% and Bank of Russia Demand At 15 Year High
Demand for gold continues to be robust and has indeed increased significantly in recent weeks despite gold’s most recent paper driven gold weakness. Demand in China and India surged again and gold reserve diversification by the central bank of Russia hit a new record high in September as geopolitical tensions rose.  The seemingly insatiable appetite of the growing Indian middle class for gold is causing the government in India to again consider imposing sanctions on the importing of gold.  Gold
Wednesday, October 22, 2014
Mark O'Byrne -
First Swiss Gold Poll Shows Pro-Gold Side In Lead At 45%
The first poll of how the Swiss people will vote in the “Save Our Swiss Gold” initiative on November 30th shows that the Swiss are leaning towards voting for the pro-gold initiative.  Gold Initiative Poll Results -  20 Minuten The poll had quite a large sample of 13,397 people from all over Switzerland who participated in the first phase of the 20 Minuten online survey on October 15.  The poll shows that 45% approve the Swiss gold initiative and 39% are against. There are 29% firm yes voters an
Tuesday, October 21, 2014
Alasdair Macleod - Finance and Eco.
Market Report: Gold benefits from market uncertainty
The outlook for gold is now more positive than it has been for some time. After a prolonged period of low volatility as funds invested in ever-greater risk, markets have snapped and volatility has jumped. In short, we are swinging very suddenly from complacency to reality. Financial markets hit a serious air-pocket this week, with a collapse in US Treasury bond yields in a dash-for-cash, illustrated in the chart below. On Wednesday the yield fell from 2.21% to 1.87%, a move of over three whole p
Tuesday, October 21, 2014
Mark O'Byrne -
Euro Risk Due To Possible Return of Italy To Lira - Drachmas, Escudos, Pesetas and Punts?
The European status quo and EU elites are becoming increasingly concerned by popular calls in Italy for Italy to leave the European Monetary Union and the euro "as soon as possible" and return to the lira.  Beppe Grillo, the leader of Italy's Five Star Movement has shocked EU elites by launching of a non-binding consultative referendum on the matter which will be put before the parliament.   "We will collect half a million signatures in six months – a million signatures – and we
Monday, October 20, 2014
Bron Suchecki - Perth Mint
Gold market update
At the launch of our Perth Mint Certificate Program Approved Dealer GoldSilver Central today the journalists were interested in the views of Raphael Scherer of Degussa and myself on the gold market. I made a bottom/buy call on 18 September and the price subsequently held above $1180 and has strengthened since then. It is worth noting that not long ago the narrative around gold was quite negative, even in respect of China demand (see here for an example). In that article a dealer was quoted as s
Monday, October 20, 2014
Mark O'Byrne -
Flight To Safety - Gold Rises As Stocks, European Bonds Again See Sharp Falls
Today’s AM fix was USD 1,241.00, EUR 969.38 and GBP 775.87 per ounce. Yesterday’s AM fix was USD 1,223.50, EUR  967.58  and GBP 768.63 per ounce. Gold climbed $4.40 or 0.36% to $1,237.80 per ounce and silver slipped $0.03 or 0.17% to $17.43 per ounce yesterday. Gold s now nearly 5% above its recent lows and is again acting as a hedging instrument in investment portfolios after sharp falls in stock and many bond markets. Gold in U.S. Dollars - 2 Years (Thomson Reuters)     Gold retained sharp ove
Thursday, October 16, 2014
Mark O'Byrne -
Gold Support At $1,180/oz and $1,161/oz, Then At $1,000/oz
Gold had a torrid September and suffered further losses last week of 2.2%. Gold in U.S. Dollars,  5 Years (Thomson Reuters) The move lower in September was technically driven as there was no negative headline data, obvious reasons for price falls or indeed evidence of physical gold selling. Most of the selling was on the COMEX and gold remained firm in Asian trading throughout the month. Indeed, the mood music for gold is quite positive - especially the appalling western relations with Russia,
Monday, October 06, 2014
Jesse - Le Cafe Américain
Gold Daily and Silver Weekly Charts - The Ritual of Our Existence 
"The ritual of our existence is based on the strong getting stronger by devouring the weak. We must face up to this. No more than right that it should be this way. We must learn to accept it as a law of the natural world." Ken Kesey, One Flew Over the Cuckoo's Nest There was intraday commentary about the Gold/Silver ratio which is at an extreme.  You may read about it and what it may mean here. Gold and silver hit weakness in the late London and early New York trading periods, whic
Friday, October 03, 2014
Jesse - Le Cafe Américain
US Dollar Long Term Chart
I would like to reiterate that because its weightings and composition no longer reflect the reality of the international monetary system that the US Dollar Index will continue to become increasingly less informative and relevant. The existing weightings and inclusions are shows in the pie symbol on this dollar chart.  But it does serve as a vehicle on which to locate certain key events. You may 'right click' on the chart to save it to your computer for closer inspection.
Thursday, October 02, 2014
Mark O'Byrne -
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
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
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
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
Alasdair Macleod - Finance and Eco.
Market Report: Strong dollar undermines precious metals
Precious metals have had to endure a week of gathering dollar strength, which is at least partly the result of problems specific to the euro, yen and sterling. The result is gold has fallen a further $30 over the week, and silver by about $0.70c. The first chart is of gold and open interest on Comex. Over the last two weeks the gold price has been falling while open interest has been rising: in other words paper gold has been flooding the market. This is illustrated in the second chart, of Mana
Saturday, September 13, 2014
Mark O'Byrne -
Russia And Iran Put Oil-For-Goods Deals Into Motion As Iran Signals Similar Arrangements Coming With
Russia-Iran Oil-for-Goods Contracts Representatives of the Russian and Iranian governments met in Tehran yesterday for the 11th meeting of the Iran-Russian Trade Council, where details of a ground breaking oil-for-goods swap between the two heavily sanctioned countries were revealed. With both countries now sanctioned by the West, Russia and Iran have been in extensive negotiations on how to facilitate Iranian oil exports without breaching the UN Security Council nuclear deal that was agreed bet
Wednesday, September 10, 2014
Bill Downey - Commodity Trader
Gold cycles due to turn up in September
Gold Chart Gold is trying to hold that blue channel line.  Support is 1255-1260 and resistance is 1272-1282.  A close below 1260 on the 100 ounce gold COMEX contract would open the door to the next trend line near 1240.     CYCLES As we approach the medium term cycle due Sept 23rd (plus or minus 2.5 weeks) it looks at the moment that a low is trying to form.   The “window” for that medium term low begins next week.  The red arrows show the window or standar
Friday, September 05, 2014
Mark O'Byrne -
Palladium Breaks Multi-Year High Over $900; Russian SWIFT Payment Ban Proposed By UK
Palladium Breaks Multi-Year High Over $900; Russian SWIFT Payment Ban Proposed By UK The palladium price made a new 13 year high today and reached $909/oz, its highest since February 2001. Markets fear that the global supply of palladium could be impacted by the threat of further sanctions against Russia. Palladium in U.S. Dollars - 20 Years (Thomson Reuters) The Russian mining industry has not been the target of sanctions so far, but with the oil sector already affected and the gas sector poss
Monday, September 01, 2014
Chris Powell - Gata
Central banks get discounts for trading EVERYTHING through CME Group and Comex

Monday, September 01, 2014
Alasdair Macleod - Finance and Eco.
Market Report: Summer doldrums coming to an end
The pattern of trading in precious metals changed for the better this week. After London's bank holiday on Monday, for the first time in a long time the market opened in London's pre-market with higher prices. This indicated Asian or Middle-Eastern physical demand was returning to the market. Predictably, prices drifted lower during London hours as paper trading took over, and all the gains were more or less lost by close of play on Comex in New York. It was a similar story on Wednesday. Yesterd
Sunday, August 31, 2014
Jesse - Le Cafe Américain
Gold Daily and Silver Weekly Charts - A Tale of Two Metals Markets -
Nothing of particular interest was shown in the Comex reports from yesterday. Tomorrow we bid adieu to the August contract. Time to move our eyes to the September month which is active for silver but not gold. The precious metals are unfortunately very politicized in this currency war. That is both a risk, and an opportunity. There was intraday commentary on the metals here. There are obviously two metals markets, one of paper, and one of real metal delivered and taken. One is most expres
Friday, August 29, 2014
Mark O'Byrne -
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. The BLOOMBERG CHART OF THE DAY shows bullion averaged gains of 3% each September over the past 20 years, beating next best month November, when prices rose an average 1.8% according to Bloomberg
Wednesday, August 27, 2014
Bill Downey - Commodity Trader
Gold break of channel support earlier this week has price testing weekly/monthly support
INTRA-DAY NEWSLETTER ~ Aug 21 2014 US Manufacturing PMI Surges To Over 4-Year High, Biggest Beat on Record Submitted by Tyler Durden on 08/21/2014 - 09:53 Following July's drop in US Manufacturing PMI (and biggest miss in 11 months), Augusts Flash print hit 58.0 - its highest since April 2010, beating expectations of 55.7 and up from the 55.8 July final print. With China (biggest PMI miss on record) and Europe (13-month low PMI) both disappointing, the world needed some help and the US 'soft' s
Thursday, August 21, 2014
Chris Powell - GATA
Ferguson says HUI has turned up; Speck's 'Gold Cartel' reviewed favorably
The TF Metal Report's Turd Ferguson argues today that the HUI gold mining index has bottomed and promises large gains for the remainder of the year. His commentary is headlined "As the HUI Turns" and it's posted at the TF Metals Report here: And independent investor Ben Kramer-Miller, writing at Seeking Alpha, reviews GATA consultant Dimitri Speck's book "The Gold Cartel." Speck, Kramer-Miller writes, has provided "proof beyond a reasonable doubt
Sunday, August 17, 2014
Bill Downey - Commodity Trader
Gold seasonal uptrend and what to watch for
INTRA-DAY NEWSLETTER ~ Aug 12 2014 Gold chart The upper and lower channel lines represent the current momentum of gold and lower is support and upper is resistance. As long as we are above te lower channel line the trend is up on the shorter term. The upper line resistance is around the 1330 – 1333 area and is the key resistance we need to overcome to open up 1342-1355. Other important resistance is our weekly number at 1322 (1322-1326). We need a weekly closing above these numbers. On the supp
Wednesday, August 13, 2014
Mark O'Byrne -
U.S. Bail-Ins - Fed Vice Chair Fischer Says “Preparing A Proposal”
Today’s AM fix was USD 1,311.00, EUR 982.76 and GBP 781.75 per ounce. Yesterday’s AM fix was USD 1,308.25, EUR 977.33  and GBP 779.37 per ounce. Gold fell $2.30 yesterday to $1,309.10/oz and silver rose $0.07 or 0.35% to $20.04/oz. Gold popped higher today as equities fell on news that a Russian aid convoy is heading to Ukraine and on signs that the new deepening tensions and risk of conflict with Russia is hurting confidence in the euro zone economy. Janet Yellen and Stanley Fischer The Zew t
Tuesday, August 12, 2014
Jesse - Le Cafe Américain
  Gold Daily and Silver Weekly Charts - Currency Wars and the Inevitable Banquet of Consequences
"We have been silent witnesses of evil deeds; we have been drenched by many storms; we have learnt the arts of equivocation and pretence; experience has made us suspicious of others and kept us from being truthful and open; intolerable conflicts have worn us down and even made us cynical. Are we still of any use? What we shall need is not geniuses, or cynics, or misanthropes, or clever tacticians, but plain, honest, and straightforward men. Will our inward power of resistance be strong enough,
Thursday, August 07, 2014
Jesse - Le Cafe Américain
Just Another Series of Unfortunate Events
If you look at the warehouse report for Friday you will see that almost 600,000 ounces of gold took a hike out of the JP Morgan Comex metals warehouse.  That was almost half of their total gold.  Let's see where it turns up, since nothing seems to actually leave the Comex metals warehouses anymore these days. Do you think that the charges that JPM was fudging its reports to the CFTC on trader's metal positions was any factor in this?  Probably not.  But there seems to be a decided erosion of co
Tuesday, August 05, 2014
Jesse - Le Cafe Américain
Gold Daily and Silver Weekly Charts - Good Vibrations
"Love does not consist in gazing at each other but in looking outward together, in the same direction." Antoine de Saint-Exupery As it is in love, so it is in most endeavors involving groups of people.  There must be a meeting of the minds, and a commitment to common goals despite any differences.   More simply, it is the priority of caring.   It is torn apart and rendered helpless by stubborn grudges, obstinate pride, and the indifference of the selfishness. I ha
Saturday, August 02, 2014
Toby Connor - Gold Scents
Sowing the Seeds of the Next Depression
By Toby Connor, GoldScentsIn their infinity wisdom the Fed thinks they have rescued the economy by inflating asset prices and creating a so called "wealth affect". In reality they have created the conditions for the next Great Depression.Over the last two years the Fed has increasingly intervened in the market to prevent normal corrective moves. As you can see in the chart below this has allowed the stock market to transition from what could've been a normal bull market into a gigantic parabolic
Wednesday, July 30, 2014
Mark O'Byrne -
  Gold Could Go To Infinity - Ron Paul
Today’s AM fix was USD 1,297.50, EUR 968.43 and GBP 766.21 per ounce. Yesterday’s AM fix was USD 1,307.50, EUR  972.84  and GBP 770.39  per ounce. Gold fell $4.50 or 0.34% yesterday to $1,300.60/oz and silver slipped $0.02 or 0.1% to $20.60/oz. Silver for immediate delivery rose 0.2%  to $20.61 an ounce in London. Platinum was 0.2% higher at $1,485 an ounce. Palladium gained 0.2% to $882/oz and appears to be consolidating close to a 13 year nominal high of $889.75. Gold is flat in London this mo
Wednesday, July 30, 2014