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| RATIOS & INDEXES |
| Gold / Silver | 61.08 |
| Gold / Oil | 14.45 |
| Dowjones / Gold | 11.08 |
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 | Articles related to bullion |  |
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 | Mark O'Byrne - gold.ie |
| Silver Recoups Sharp Loss And Rises 2% On Record Volume |
| Today’s AM fix was USD 1,378.75, EUR 1,070.21 and GBP 908.39 per ounce.
Yesterday’s AM fix was USD 1,353.75, EUR 1,051.95 and GBP 890.86 per ounce.
Gold climbed $19.40 or 1.43% yesterday to $1,384.30/oz and silver finished 2% higher.
Silver’s recovery yesterday from being 10% lower at one stage to recouping these losses and then rising over 2% was very positive technically. The key reversal is leading some to postulate that we may have seen the bottom or are close to a bottom.
Spot Silver Tuesday, May 21, 2013 |
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 | Dan Dontrose - The Fundamental View |
 My Challenge To “Whistleblower” Andrew Maguire  |
| Readers of my blog have known for quite some time now that I grew increasingly agitated with the charlatans pumping the gold and silver price suppression memes over two years ago and have been quite vocal about it on many occasions. I want to be clear about this point before I continue. My beef isn’t with people who buy gold and silver or who feel that a portion of their portfolio should be devoted to gold or silver ownership. My beef isn’t with people that make well thought out arguments forTuesday, May 21, 2013 |
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 | JS Kim - Smart Knowledge U |
Indisputable Proof Paper Gold Markets are Massively Manipulated  |
| What would you think if someone told you the following?"Three times this week, I am going to tell you the low price of gold with near perfect accuracy, and one of those three times, I am going to tell you events that will precede the low and the exact time that gold prices will crash."You would likely conclude that either:(1) I am somehow directly involved in setting the price of gold in paper derivative markets, or(2) that since nearly perfectly predicting gold price movements three times in onTuesday, May 21, 2013 |
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| Mark O'Byrne - gold.ie |
 Silver Surges 6.8% From Lows After Slammed 10% Lower In 4 Minutes |
| Today’s AM fix was USD 1,353.75, EUR 1,051.95 and GBP 890.86 per ounce.
Friday’s AM fix was USD 1,376.75, EUR 1,069.15 and GBP 903.62 per ounce.
Gold fell $22.20 on Friday to $1,364.90/oz and silver closed at $23.632.
Silver fell victim to heavy, concentrated selling overnight in thin, illiquid Asian trading. Silver was slammed by 10% and fell from $22.36/oz to $20.30/oz in just four minutes - from 23:05 GMT to 23:09 GMT.
XAG/USD Spot Exchange Rate – 1 Day (Tick)
Silver has recovered 7% of Monday, May 20, 2013 |
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 | Alasdair Macleod - Finance and Eco. |
| Bank balances and gold |
| There has been a growing shift in favour of assets relative to bank deposits. This was initially encouraged by zero interest rates, but more recently there is little doubt that Cyprus’s bail-in has accelerated the trend. This explains the bull markets in bonds and equities, which conveniently underwrites the entire banking system. It is however too early to offer evidence of falling deposit balances held by non-banks and the general public because depositors as a whole have been remarkably complMonday, May 20, 2013 |
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| Bullion Vault |
| Fresh Plunge in Precious Metals "Natural" as Bearish Money Managers Hold "Upper Hand" Ov |
| WHOLESALE PRICESforgold and silver rallied from a fresh plunge in early London dealing on Monday,rising to stand unchanged and 2.3% lower respectively from the end of lastweek's trade by lunchtime.Asian stock markets closed sharply higher, even as the Japanese Yen reversedFriday's drop to new 4-year lows against the US Dollar.Commodities ticked lower as did major government bonds. Silver prices todaytouched the lowest level in 44 months, dropping within 25¢ of $20 per ounce.This morning London'sMonday, May 20, 2013 |
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 | John Rubino - Dollar Collapse |
| When Hedge Funds Go Short, Gold Goes Up |
| Bloomberg is reporting on the rising number of hedge funds shorting gold:
Gold
Bear Bets Reach Record as Soros Cuts Holdings
Hedge-fund managers are making the biggest ever bet against gold as billionaire
George Soros sold holdings last quarter and Goldman Sachs Group Inc. predicted
more declines after the longest slump in four years.
The funds and other large speculators held 74,432 so-called short contracts
on May 14, U.S. Commodity Futures Trading Commission data shMonday, May 20, 2013 |
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 | Jesse - Le Café Américain |
| Gold Daily and Silver Weekly Charts - |
| Silver and Gold plunged on the Globex Sunday open yesterday as a large number of silver contracts were dumped at market.
Commentary on this was given here and here.
The metals were slow to recover until this morning, and then took off, going out near the highs in a classic short squeeze.
The physical offtake of bullion from the world markets into strong hands is getting intense.
It is far too early to say if this is any kind of a bottom. We have not even broken the down trend yet.
Bernanke Monday, May 20, 2013 |
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| Jesse - Le Café Américain |
 Marking the Field: US Stated Gold Reserves and Gold Held at the Fed - World Gold and Gold Swaps |
| The US Treasury says that it holds 261,499,000 fine troy ounces in its international reserves.
The gold is valued on the books at $42.2222 per fine troy ounce. This represents a total value of $11,041,063,078.
Since there are 32,150.7466 troy ounces in a tonne, the US Treasury has 8,133.53 tonnes of fine gold on its books. Note that the number as presented on a copy of the official US Treasury statement shown below includes 'gold swaps.'
A discussion of the procedures and nature of goldMonday, May 20, 2013 |
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 | Clif Droke |
| When central banks buy stocks |
| The investment story of the year to date is the central bank-led financial market recovery. While everyone is aware of the impact the Fed's $85 billion-a-month asset purchases is having on stocks, few investors realize that central banks are making direct purchases of stocks. The implication of this new development is shocking. Bank of America stated that global central banks have cut rates an incredible 511 times since June 2007 in an effort at re-inflating the global economy. "Most centralSaturday, May 18, 2013 |
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 | Jan Skoyles - The Real Asset Co |
| Unveiling the gold market’s working parts |
| On the 12th and 15th April gold fell victim to a price smash.
Why this happened is something which is open to much analysis and theorising. For the mainstream media it was down to an improving global economy and the need to hold gold no longer existed, for those in the world of gold investment this was perhaps down to more of the politics behind the gold-market than the economics.
On April 12th 3.4 million ounces (100 tonnes) of gold was sold in the US futures markets. This was just for startersSaturday, May 18, 2013 |
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 | The Gold Report |
| Gold and Bitcoin: Currencies of the Future?James Turk |
| The Gold Report: James, from your perspective in Europe, is the region in as bad a financial crisis as it appears in the headlines here in the U.S.?
James Turk: Yes, it really is. However, Europe is a big place, and you have to look at the individual countries one by one to understand the situation. Generally speaking, the Mediterranean countries are in the worst shape. Germany has been in the best shape, although recent economic data indicate it may be falling into a recession again. France isSaturday, May 18, 2013 |
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 | FOFOA - FoFOA |
Glimpsing the Hereafter 2  |
| In this, my 400th post, I will peer into the future, to the Freegold revaluation and beyond. But I do not have an actual crystal ball. All I have is logic and reason, and a little help from Another and FOA. So to quote FOA, "If you came with a notion that I am someone who sees the future, grab the children and run far away." But if you came bearing your own logic and reason, then perhaps you will find this post useful. :D
I will touch on a few topics that have been the subject of recent disSaturday, May 18, 2013 |
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 | Przemyslaw Radomski CFA - SunshineProfits |
| Bullish Picture for the USD and Stocks and Its Implications for Gold and Silver |
| The latest World Gold Council Gold Demand Trends report shows that the gold market is driven by diverse global demand, and the appetite for owning gold jewelry, bars and coins continues to grow.
“The price drop in April, fuelled by non-physical moves in the market, proved to be the catalyst for a surge of buying that has left many retailers short of stock and refineries introducing waiting lists for deliveries,” said Marcus Grubb, Managing Director of Investment at the World Gold Council. “WhatSaturday, May 18, 2013 |
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| Jesse - Le Café Américain |
| Gold Daily and Silver Weekly Charts - Curiouser and Curiouser |
| "We looked into the abyss if the gold price rose further. A further rise would have taken down one or several trading houses, which might have taken down all the rest in their wake. Therefore at any price, at any cost, the central banks had to quell the gold price, manage it."
Sir Eddie George, Bank of England, September 1999
"The wicked encourage and give themselves the license to attempt and commit all manner of transgressions, seeing that the fruit which injustice yields is soon ripe, andSaturday, May 18, 2013 |
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| Bullion Vault |
| Bullion Pension Funds "Selling Gold ETFs", Dollar Weakness Seen Offering "Only Hope" Short Term |
| GOLD PRICESfailed to hold a rally above$1380 per ounce in London on Friday morning, trading 5% down for the week as worldstock markets held steady.Both the Euro and British Pound also cuttheir mid-week rallies against the Dollar, holding gold prices at ?1070 and £904per ounce respectively.New data overnight showed Japanese machineorders leaping 14% in March from February, while China's leading economic indexrose slightly for last month.Eurozone construction output sank 8% in Marchfrom a year earFriday, May 17, 2013 |
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| Mark O'Byrne - gold.ie |
| Gold Wars: U.S. Undermining Iranian Currency By Blocking Gold Imports |
| Today’s AM fix was USD 1,376.75, EUR 1,069.15 and GBP 903.62 per ounce.
Yesterday’s AM fix was USD 1,377.00, EUR 1,070.01 and GBP 904.32 per ounce.
Cross Currency Table – (Bloomberg)
Gold fell $6.00 or -0.43% yesterday to $1,386.70/oz and silver finished +0.71%.
Nothing has changed regarding the positive fundamentals of the physical gold market.
All that has changed is that the price of gold is again lower due to the machinations of technical traders and speculators. Paper gold sales are agaFriday, May 17, 2013 |
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| Bullion Vault |
| Surge in Retail Gold Demand "Outweighed by ETF Selling" as Far East Premiums Hit New Hig |
| London Gold Market ReportGLOBAL GOLD prices fell further at the start of London trade on Thursday, hitting new 1-month lows beneath $1370 per ounce but leaving gold bars traded in East Asia at record-high premiums."[Western] investors appear to be tired of gold as a safe haven," says Mitsubishi analyst Jonathan Butler, quoted by Reuters, because "they anticipate the end of loose monetary policies, possibly by the end of this year or maybe early next year."With US consumer price inflation data duThursday, May 16, 2013 |
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| John Rubino - Dollar Collapse |
 Golden Bullseye |
| One of the lessons that gold bugs are learning, in the most painful way possible,
is that you can't trade a manipulated market. When big players with regulatory
immunity can move an asset's price -- and can see resistance/support levels
and moving averages just as clearly as anyone else -- smaller traders don't
stand a chance.
In the gold-is-manipulated script, governments and their bullion bank proxies
push the price to levels where they know hedge funds and other traders have
stop-Thursday, May 16, 2013 |
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| Ben Traynor - Bullion Vault |
| Precious Metals Hit 3-Week Lows, ETFs "Could Sell Another 250 Tonnes of Gold" |
| London Gold Market ReportWHOLESALE gold bullion prices fell to three week lows around $1410 an ounce Wednesday, as European stock markets ticked higher, reversing earlier losses following disappointing Eurozone growth data.Gold in Euros fell as low as ?1094 an ounce, while gold in Sterling fell below £930 an ounce."Gold spot is approaching the support [level] of $1403 [an ounce]," say technical analysts at Societe Generale."There is no significant level of support between here and the low from AWednesday, May 15, 2013 |
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