Category: Precious Metals Update

04
Oct
2012

China To Challenge US Dollar Reserve Currency Status

Today’s AM fix was USD 1,786.50, EUR 1,380.92, and GBP 1,109.01 per ounce.
Yesterday’s AM fix was USD 1,777.25, EUR 1,374.73and GBP 1,102.38 per ounce.

Silver is trading at $35.08/oz, €27.13/oz and £21.84/oz. Platinum is trading at $1,707.00/oz, palladium at $664.50/oz and rhodium at $1,180/oz.

Continue Reading
02
Oct
2012

Silver’s Bullish ‘Golden Cross’; Morgan Stanley Like Silver In Q4 and 2013

Today’s AM fix was USD 1,778.50, EUR 1,377.19, and GBP 1,100.56 per ounce.
Yesterday’s AM fix was USD 1,770.50, EUR 1,372.80 and GBP 1,096.01 per ounce.

Silver is trading at $34.80/oz, €27.06/oz and £21.66/oz. Platinum is trading at $1,673.00/oz, palladium at $643.00/oz and rhodium at $1,125/oz.

Continue Reading
01
Oct
2012

Eurozone Unemployment at Record Levels

Today’s AM fix was USD 1,770.50, EUR 1,372.80, and GBP 1,096.01 per ounce.
Friday’s AM fix was USD 1,781.00, EUR 1,374.65 and GBP 1,098.77 per ounce.

Silver is trading at $34.40/oz, €26.80/oz and £21.40/oz. Platinum is trading at $1,665.00/oz, palladium at $633.30/oz and rhodium at $1,100/oz.

Continue Reading
28
Sep
2012

Euro and Swiss Franc Fall to New Record Lows Against Gold

Today’s AM fix was USD 1,781.00, EUR 1,374.65, and GBP 1,098.77 per ounce.
Yesterday’s AM fix was USD 1,755.25, EUR 1,365.32and GBP 1,084.16 per ounce.

Continue Reading
27
Sep
2012

South Africa Unrest To Affect Bullion Supply And Support Gold

Today’s AM fix was USD 1,755.25, EUR 1,365.32, and GBP 1,084.16 per ounce.
Yesterday’s AM fix was USD 1,763.75, EUR 1,369.80 and GBP 1,089.07 per ounce.

Silver is trading at $34.10/oz, €26.62/oz and £21.13/oz. Platinum is trading at $1,647.00/oz, palladium at $632.40/oz and rhodium at $1,075/oz.

Gold fell $10.10 or 0.57% in New York yesterday and closed at $1,751.30. Silver hit a low of $33.32, but it recovered and rallied back finishing with a gain of 0.56%.

Continue Reading
26
Sep
2012

China Buys North Korea Gold Reserves as South Korea Increased Gold Reserves By 30% (16 Tonnes); Paraguay Buys First Time

Today’s AM fix was USD 1,763.75, EUR 1,369.80, and GBP 1,089.07 per ounce.
Yesterday’s AM fix was USD 1,766.75, EUR 1,369.36 and GBP 1,088.37 per ounce.

Silver is trading at $33.79/oz, €26.41/oz and £20.99/oz. Platinum is trading at $1,630.00/oz, palladium at $627.10/oz and rhodium at $1,075/oz.

Continue Reading
25
Sep
2012

Risk Of October Correction In Gold and Silver As Seasonally Weak

Today’s AM fix was USD 1,766.75, EUR 1,369.36, GBP 1,088.37 per ounce.
Yesterday’s AM fix was USD 1,758.50, EUR 1,361.91 and GBP 1,084.96 per ounce.

Silver is trading at $34.23/oz, €26.58/oz and £21.18/oz. Platinum is trading at $1,633.75/oz, palladium at $643.00/oz and rhodium at $1,100/oz.

Gold fell $8.60 or 0.49% in New York yesterday and closed at $1,764.50. Silver slipped to a low of $33.594 then rebounded in New York, but it still finished with a loss of 1.62%.

Continue Reading
24
Sep
2012

“Do You Own Gold?” Ray Dalio at CFR: “Oh Yeah, I Do”

Today’s AM fix was USD 1,758.50, EUR 1,361.91, GBP 1,084.96 per ounce.
Friday’s AM fix was USD 1,773.75, EUR 1,361.28and GBP 1,089.19 per ounce.

Silver is trading at $33.87/oz, €26.31/oz and £20.98/oz. Platinum is trading at $1,614.00/oz, palladium at $641.80/oz and rhodium at $1,150/oz.

Gold climbed $4.70 or 0.27% in New York on Friday and closed at $1,773.10. Silver hit a high of $35.16 in New York on Friday, but it still finished with a loss of 0.29%. On the week, gold was up 0.08% while silver fell 0.3%.

Continue Reading
21
Sep
2012

“How High Can Gold Go?” “There Is No Telling” James Grant Tells CNBC

Today’s AM fix was USD 1,773.75, EUR 1,361.28, GBP 1,089.19 per ounce.
Yesterday’s AM fix was USD 1,760.00, EUR 1,360.33 and GBP 1,088.03 per ounce.

Silver is trading at $34.71/oz, €26.84/oz and £21.42/oz. Platinum is trading at $1,638.50/oz, palladium at $670.30/oz and rhodium at $1,250/oz.

Gold fell $2.10 or 0.12% in New York yesterday and closed at $1,768.40. Silver dropped to $34.084 in London, but rallied back higher later in the session and finished with a gain of 0.03%.

Continue Reading
20
Sep
2012

‘Golden Cross’ For Gold and Silver Signals Further Gains

Today’s AM fix was USD 1,760.00, EUR 1,360.33 and GBP 1,088.03 per ounce.
Yesterday’s AM fix was USD 1,774.50, EUR 1,361.44 and GBP 1,092.54 per ounce.

Silver is trading at $34.31/oz, €26.61/oz and £21.28/oz. Platinum is trading at $1,619.50/oz, palladium at $663.50/oz and rhodium at $1,225/oz.

Gold fell $0.10 or 0.01% in New York yesterday and closed at $1,770.50. Silver hit $34.958 in Asia and fell to $34.27 in early New York trade and it then bounced back higher, but finished with a loss of 0.49%.

Continue Reading