Category: Market Updates

24
Feb
2012

‘Gold Bullion or Cash’ Shows Buffett, Roubini, Krugman Mistaken; Faber, Rogers, Bass, Einhorn, Gross Correct

Gold’s London AM fix this morning was 1,778.50 USD, 1,328.230 EUR, and 1,125.419 GBP per ounce.

Yesterday’s AM fix was USD 1,754.75, EUR 1,325.04, and GBP 1,116.32 per ounce. 

Spot gold hit a 3 month high of $1,787.55/oz yesterday rising gradually for the fourth day in a row. Gold closes in New York at $1,778/oz and has consolidated in Asia and early European trading.

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17
Feb
2012

Gold Testing Support At $1,700 And Gains in XAU and HUI Are Positive

Gold’s London AM fix this morning was USD 1,732, EUR 1,316.51, and GBP 1,093.09 per ounce.

Yesterday’s AM fix was USD 1,716, EUR 1,320.51, and GBP 1,094.74 per ounce.

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01
Feb
2012

January 2012 – Gold, Silver, Currency and Asset Performance Review

Gold’s London AM fix this morning was USD 1,744, GBP 1,106.74, and EUR 1,327.65 per ounce.

Yesterday’s AM fix was USD 1,738.00, GBP 1,102.23, and EUR 1,317.27 per ounce.

Gold consolidated on yesterdays gain in Asia overnight and then rose in early European trading from below $1,735/oz to $1,748.60/oz. A break above resistance at $1,750/oz could see gold quickly challenge $1,800/oz. However, there is also the possibility of a correction after the large gains seen in January.

January 2012 – Gold, Silver, Currency and Asset Performance Review

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19
Dec
2011

2012 Gold Averages: Goldman $1,810/oz, Barclays $2,000/oz and UBS $2,050/oz

Gold is trading at USD 1,592, EUR 1,223.30, GBP 1,028.00, CHF 1,491, JPY 124,067 and AUD 1,600.50 per ounce.

Gold’s London AM fix this morning was USD 1,593.00, GBP 1,028.34, and EUR 1,222.94 per ounce.

Friday’s AM fix was USD 1,589.50, GBP 1,022.84 and EUR 1,218.94 per ounce.


Cross Currency Rates

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15
Dec
2011

Gold Falls due to Re-Hypothecation, Counter Party, Liquidity and Contagion Risk

Gold is trading at USD 1,591.10, EUR 1,224.20, GBP 1,026.30, CHF 1,501.40, JPY 123,940 and AUD 1,602.0 per ounce.

Gold’s London AM fix this morning was 1,590.00, GBP 1,026.535 and EUR 1,223.64  per ounce.

Yesterday’s AM fix was USD 1,635.00, GBP 1,055.32 and EUR 1,255.18 per ounce.

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13
Dec
2011

Gold Support at 200 DMA at $1618/oz, Massive Chinese Demand and Gartman Flip Flops

Gold is trading at USD 1,665.10, EUR 1,261.20, GBP 1,067.30, CHF 1,557.40, JPY 129,550 and AUD 1,643.0 per ounce.

Gold’s London AM fix this morning was USD 1,665.00, GBP 1,068.75, and EUR 1,262.22 per ounce.

Yesterday’s AM fix was USD 1,680.00, GBP 1,077.06, and EUR 1,266.49 per ounce.

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12
Dec
2011

ETF and Central Bank Gold Lent to Banks Being Relent Into Market?

Gold is trading at USD 1,680.90, EUR 1,267.70, GBP 1,075.30, CHF 1,564.40, JPY 130,750 and AUD 1,659.0 per ounce.

Gold’s London AM fix this morning was USD 1,680.00, GBP 1,077.06, and EUR 1,266.49 per ounce.

Friday’s AM fix was USD 1,712.00, GBP 1,094.49, and EUR 1,281.34 per ounce.

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09
Dec
2011

Euro Fudge Distracts From Global Debt Titanic; Intervention in Gold Market?

Gold is trading at USD 1,719.00, EUR 1,283.70, GBP 1,095.30, CHF 1,582.40, JPY 135,510 and AUD 1,689.0 per ounce.

Gold’s London AM fix this morning was USD 1,712.00, GBP 1,094.49, and EUR 1,281.34 per ounce.

Yesterday’s AM fix was USD 1,739.00, GBP 1,105.81, and EUR 1,297.28 per ounce.


Cross Currency Table

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08
Dec
2011

Real Interest Rates Negative (Base ECB 1.0%, BOE 0.5%) – Central Banks Prepare For Life After Euro

Gold is trading at USD 1,719.40, EUR 1,302.70, GBP 1,109.30, CHF 1,608.40, JPY 135,050 and AUD 1,689.4 per ounce.

Gold’s London AM fix this morning was USD 1,739.00, GBP 1,105.81, and EUR 1,297.28 per ounce.

Yesterday’s AM fix was USD 1,731.00, GBP 1,108.20, and EUR 1,289.96 per ounce.

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07
Dec
2011

New Independent Research: Gold Is Crucial Diversification – Hedge Against Monetary and Systemic Risk

Gold is trading at USD 1,724.70, EUR 1,289.70, GBP 1,099.30, CHF 1,105.5, JPY 134,050 and AUD 1,679.4 per ounce.

Gold’s London AM fix this morning was USD 1731.00, GBP 1108.20, and EUR 1,289.96 per ounce.

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