Category: Precious Metals Update

21
Nov
2011

$15 Trillion US National Debt ‘Supercommittee’ Impasse to Support Gold

Gold is trading at USD 1,706.10, EUR 1,270.60, GBP 1,089.30, CHF 1,569.20, JPY 131,170 and CNY 11,190 per ounce. 

Gold’s London AM fix this morning was USD 1,704.00, GBP 1,085.42, and EUR 1,266.44 per ounce.

Friday’s AM fix was USD 1,730.00, GBP 1,093.00, and EUR 1,279.87 per ounce.

Continue Reading
18
Nov
2011

Gold Falls 2.5% But Up 21% YTD – Technical’s Short Term Bearish; Long Term Bullish

Gold is trading at USD 1,727.10, EUR 1,278.60, GBP 1,090.30, CHF 1,579.20, JPY 132,590 and CNY 10,970 per ounce. 

Gold’s London AM fix this morning was USD 1,730.00, GBP 1,093.00, and EUR 1,279.87 per ounce.

Yesterday’s AM fix was USD 1,756.00, GBP 1,115.70, and EUR 1,304.12 per ounce.

Continue Reading
17
Nov
2011

EU Gold Investment Demand Surges 135% – World Demand Up 6% in Q3 2011

Gold is trading at USD 1,759.10, EUR 1,305.60, GBP 1,116.30, CHF 1,618.20, JPY 135,390 and CNY 11,190 per ounce. 

Gold’s London AM fix this morning was USD 1,756.00, GBP 1,115.70, and EUR 1,304.12 per ounce.

Yesterday’s AM fix was USD 1,773.00, GBP 1,124.43, and EUR 1,311.49 per ounce.

Continue Reading
16
Nov
2011

Euro Gold Outperforming Bunds and Euro Assets / Celente’s MF Global Gold Account ‘Looted’

Gold is trading at USD 1,775.20, EUR 1,318.30, GBP 1,125.30, CHF 1,630.20 , JPY 136,576 and CNY 11,263 per ounce. 

Gold’s London AM fix this morning was USD 1,773.00, GBP 1,124.43, and EUR 1,311.49 per ounce.

Yesterday’s AM fix was USD 1,765.00, GBP 1,113.99, and EUR 1,302.39 per ounce.

Continue Reading
15
Nov
2011

Paulson Sells Gold ETF – Buys Physical Bullion? Soros Not Gold Bearish

Gold is trading at USD 1,768.20, EUR 1,305.30, GBP 1,113.30, CHF 1,620.20 , JPY 136,076 and CNY 11,223 per ounce. 

Gold’s London AM fix this morning was USD 1,765.00, GBP 1,113.99, and EUR 1,302.39 per ounce.

Yesterday’s AM fix was USD 1,780.50, GBP 1,115.29, and EUR 1,299.06 per ounce.


Cross Currency Table

Continue Reading
14
Nov
2011

Gold Call Options at $2,000/oz – Goldman and Credit Suisse Bullish Due to US Interest Rates

Gold is trading at USD 1,778, EUR 1,300.20, GBP 1,114.90, CHF 1,606.10, JPY 136,750 and CNY per ounce. 

Gold’s London AM fix this morning was USD 1,780.50, GBP 1,115.29, and EUR 1,299.06 per ounce.

Friday’s AM fix was USD 1,764.00, GBP 1,109.02, and EUR 1,294.39 per ounce.


Cross Currency Table 

Continue Reading
10
Nov
2011

Eurozone Failure Could Send Shockwaves Around World Akin to Soviet Union

Gold is trading at USD 1,770.10, EUR 1,299.50, GBP 1,110.30, CHF 1,599.20, JPY 137,360 and CNY 11,200 per ounce. 

Gold’s London AM fix this morning was USD 1,766.00, GBP 1,109.09, and EUR 1,299.01 per ounce.

Yesterday’s AM fix was USD 1,780.00, GBP 1,112.50, and EUR 1,300.41 per ounce.


Cross Currency Rates

Continue Reading
09
Nov
2011

Gold Over EUR 1,300 – On Way to ‘Infinity’ on Eurozone Contagion?

Gold is trading at USD 1,783.10, EUR 1,307.50, GBP 1,116.30, CHF 1,612.20, JPY 138,315 and CNY 11,309 per ounce. 

Gold’s London AM fix this morning was USD 1,780.00, GBP 1,112.50, and EUR 1,300.41 per ounce.

Yesterday’s AM fix was USD 1,794.00, GBP 1,114.49, and EUR 1,301.51 per ounce.

Risk has returned with a vengeance as Italian debt markets have gone into meltdown leading to falls in European equity indices. Gold remains near a seven week high and has risen to above EUR 1,305/oz due to the deepening Eurozone crisis and contagion risk. 

Continue Reading
08
Nov
2011

US Mint Gold Coin Data and Research Casts Doubt on ‘Gold Bubble’

Gold is trading at USD 1,790.10, EUR 1,300.60, GBP 1,114.30, CHF 1,606.20, JPY 139,690 and CNY 11,362 per ounce. 

Gold’s London AM fix this morning was USD 1,794.00, GBP 1,114.49, and EUR 1,301.51 per ounce.

Yesterday’s AM fix was USD 1,764.00, GBP 1,102.78, and EUR 1,286.65 per ounce.

Continue Reading
07
Nov
2011

Germany to G20: German Gold “Must Remain Off Limits”; Italian Gold Sale Again Proposed in Germany

Gold is trading at USD 1,767.90, EUR 1,283.90, GBP 1,101.60, JPY 138,011, CHF 1,583.90, and AUD 1,711.70 per ounce.

Gold’s London AM fix this morning was USD 1,764.00, GBP 1,102.78, and EUR 1,286.65 per ounce.

Friday’s AM fix was USD 1,756.00, GBP 1,096.47, and EUR 1,269.61 per ounce.


Cross Currency Table

Continue Reading