Category: Precious Metals

17
Oct
2013

Gold Spikes 3% After Debt Ceiling Rises, U.S. Downgrade, Chase Bank Imposes Capital Controls

Today’s AM fix was USD 1,308.50, EUR 959.87 and GBP 813.09 per ounce.
Yesterday’s AM fix was USD 1,278.25, EUR 944.75 and GBP 797.71 per ounce.

Gold fell $1.80 or 0.14% yesterday, closing at $1,279.50/oz. Silver slid $0.06 or 0.28% closing at $21.27. Platinum climbed $14.80 or 0% to $1,395.20/oz, while palladium rose $7.25 or 1% to $712.55/oz.

Gold prices jumped $36 in 15 minutes and it surged as high as $1,321 per ounce or as much as 3.6% at one stage. Silver jumped by an even greater margin, by 5.1%, and rose as high as $22.18/oz.

Continue Reading
16
Oct
2013

Gold Surged 17% In 15 Trading Days After Last Debt Ceiling Extension In 2011

Today’s AM fix was USD 1,278.25, EUR 944.75 and GBP 797.71 per ounce.
Yesterday’s AM fix was USD 1,255.50, EUR 929.59 and GBP 787.79 per ounce.

Gold climbed $8.60 or 0.68% yesterday, closing at $1,281.30/oz. Silver rose $0.07 or 0.33% closing at $21.33. Platinum climbed $2.99 or 0.2% to $1,380.49/oz, while palladium fell $7.78 or 1.1% to $704.72/oz.

Continue Reading
15
Oct
2013

Price Suppression Theory Mainstream After Single $650 Million Sell Trade

Today’s AM fix was USD 1,255.50, EUR 929.59 and GBP 787.79 per ounce.
Yesterday’s AM fix was USD 1,276.00, EUR 941.49 and GBP 799.50 per ounce.

Gold inched up $2.50 or 0.2% yesterday, closing at $1,272.70/oz. Silver slid $0.03 or 0.14% closing at $21.26. Platinum climbed $12.80 or 0.9% to $1,376.50  /oz, while palladium rose $0.09 or 0% to $711.59/oz.


Gold In USD, 3 Days – (Bloomberg)

Continue Reading
11
Oct
2013

U.S. Debt Limit To Be Raised For 18th Time In 20 Years – Gold Vulnerable Short Term But Real Record High Likely

Today’s AM fix was USD 1,285.75, EUR 947.15 and GBP 804.30 per ounce.
Yesterday’s AM fix was USD 1,298.00, EUR 959.56 and GBP 814.51 per ounce.

Gold fell $18.90 or 1.45% yesterday, closing at $1,287.40/oz. Silver slipped $0.26 or 1.19% closing at $21.59. Platinum rose $9.20 or 0.7% to $1,382.00/oz, while palladium climbed $6.50 or 0.9% to $707/oz.

Premiums in China and India remained robust overnight. Shanghai premiums are at $28 over spot and in Mumbai premiums jumped to $30 to $40 an ounce from last week’s $5 to $7 an ounce.

Continue Reading
10
Oct
2013

U.S. Treasury “Firm Believers In Gold”, Will Not Sell Even To Avoid Default

Today’s AM fix was USD 1,298.00, EUR 959.56 and GBP 814.51 per ounce.
Yesterday’s AM fix was USD 1,309.50, EUR 968.28 and GBP 819.77 per ounce.

Gold fell $13.10 or 0.99% yesterday, closing at $1,306.30/oz. Silver slipped $0.45 or 2.02% closing at $21.85. Platinum dropped $16.50 or 1.2% to $1,379.10/oz, while palladium fell $11.28 or 1.6% to $700.72/oz.

Continue Reading
09
Oct
2013

Goldman Tell Clients To Sell Gold – Did Same In Nov 2007, Gold Then Rose 12%

Today’s AM fix was USD 1,309.50, EUR 968.28 and GBP 819.77 per ounce.
Yesterday’s AM fix was USD 1,321.00, EUR 973.18 and GBP 821.82 per ounce.

Gold fell $3.00 or 0.23% yesterday, closing at $1,319.40/oz. Silver inched down $0.03 or 13% closing at $22.30. Platinum climbed $7.69 or 0.6% to $1,399.99/oz, while palladium rose $9.37 or 1.3% to $710.37/oz.

Continue Reading
08
Oct
2013

$12 Trillion U.S. Default Risk – Dollar Decline, Gold To Rise As History Repeats

Today’s AM fix was USD 1,321.00, EUR 973.18 and GBP 821.82 per ounce.
Yesterday’s AM fix was USD 1,311.00, EUR 965.11 and GBP 816.26 per ounce.

Gold climbed $11.80 or 0.9% yesterday, closing at $1,322.40/oz. Silver soared $0.65 or 3% closing at $22.33. Platinum climbed $15.89 or 1.2% to $1,396.49/oz, while palladium rose $2.47 or 0.4% to $699.47/oz.

Gold is being supported as the U.S. government shutdown that continues with no end in sight and the deadline to raise the national debt ceiling looms, burnishing gold’s safe haven appeal.

Continue Reading
07
Oct
2013

“Algerians Are Investing In Property, Gold and Foreign Currencies”

Today’s AM fix was USD 1,311.00, EUR 965.11 and GBP 816.26 per ounce.
Friday’s AM fix was USD 1,316.00, EUR 967.01 and GBP 817.04 per ounce.

Gold fell $6.80 or 0.52% Friday, closing at $1,310.60/oz. Silver inched down $0.02 or .09% closing at $21.68. Platinum climbed $16.94 or 1.24% to $1,379.24/oz, while palladium climbed $4.22 or 0.61% to $701.22/oz. Gold and silver were off marginally for the week at 1.90% and 0.18% respectively.

Continue Reading
04
Oct
2013

Emperors With No Clothes – From Nero To Nixon To Obama

Today’s AM fix was USD 1,316.00, EUR 967.01 and GBP 817.04 per ounce.
Yesterday’s AM fix was USD 1,309.00, EUR 961.58 and GBP 806.63 per ounce.

Gold inched up $1.40 or 0.11% yesterday, closing at $1,317.40/oz. Silver remained unchanged closing at $21.70. Platinum climbed $10.10 or .74% to $1,372.40/oz, while palladium climbed $3.47 or 0.5% to $700.47/oz.

Gold traded up marginally in London as investors digested the U.S. government shutdown and the debt ceiling deadline.

Continue Reading
03
Oct
2013

Gold Up 2.4% On Government Shutdown and U.S. Default Risk On October 17

Today’s AM fix was USD 1,309.00, EUR 961.58 and GBP 806.63 per ounce.
Yesterday’s AM fix was USD 1,293.75, EUR 955.93 and GBP 797.92 per ounce.

Gold climbed $26.10 or 2.02% yesterday, closing at $1,316/oz. Silver rose $0.52 or 2.46%, closing at $21.70. Platinum inched up $13.65 or 1% to $1,388.25/oz, while palladium climbed $2.38 or 0.3% to $717.38/oz.

Continue Reading