03
May
2017

Gold and Silver Bullion – News and Prices

Gold and Silver Bullion – News and Commentary

Gold near 3-wk low on strong equities, dollar; Fed signal awaited (Reuters.com)

Crowds throng jewellers to buy gold on Akshaya Tritiya across the country (FirstPost.com)

China’s Q1 gold output dips 9.3% yearly at 101.2 mt; consumption jumps 14.7% (Platts.com)

Banks Say Price-Fixing Data Errors Buy Them Do-Over (Law360.com)

Sales of luxury new-build homes in London have fallen 40 per cent (CityAM.com)

China’s private-sector debt is 210% of GDP. Source: Money Week

Brace yourself for another panic over China (MoneyWeek.com)

Trump Tries to Save Face After Taking a Thumping on His First Budget Showdown (Bloomberg.com)

China Demands “Immediate Halt” Of US Missile Shield Deployment In South Korea (ZeroHedge.com)

Wall Street’s Earnings Hopium – Stockman (DailyReckoning.com)

40% of Americans spend up to half of their income servicing debt (MarketWatch.com)

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Gold Prices (LBMA AM)

03 May: USD 1,253.95, GBP 971.18 & EUR 1,148.99 per ounce
02 May: USD 1,255.80, GBP 974.25 & EUR 1,150.19 per ounce
28 Apr: USD 1,265.55, GBP 978.40 & EUR 1,156.84 per ounce
27 Apr: USD 1,264.30, GBP 980.21 & EUR 1,160.63 per ounce
26 Apr: USD 1,264.95, GBP 986.79 & EUR 1,160.21 per ounce
25 Apr: USD 1,270.50, GBP 990.48 & EUR 1,165.81 per ounce
24 Apr: USD 1,271.80, GBP 991.11 & EUR 1,169.42 per ounce

Silver Prices (LBMA)

03 May: USD 16.85, GBP 13.04 & EUR 15.44 per ounce
02 May: USD 16.95, GBP 13.12 & EUR 15.53 per ounce
28 Apr: USD 17.41, GBP 13.45 & EUR 15.92 per ounce
27 Apr: USD 17.46, GBP 13.53 & EUR 16.02 per ounce
26 Apr: USD 17.59, GBP 13.72 & EUR 16.15 per ounce
25 Apr: USD 17.84, GBP 13.92 & EUR 16.40 per ounce
24 Apr: USD 17.81, GBP 13.90 & EUR 16.40 per ounce


Recent Market Updates

– London Property Bubble Vulnerable To Crash
– Silver price manipulation, is regulation putting a stop to it?
– Trump 100, Margin Debt Stock Bubble and Gold
– Gold Bullion Imports Into China via Hong Kong More Than Doubles in March
– LePen Euro Frexit Panic Over – “For Now”
– Gold Sovereigns – ‘Treasure’ Trove Found In UK – Don’t Be The Piano Owner
– Silver, Platinum and Palladium as Investments – Research Shows Diversification Benefits
– When Trump Turns On “Enemy Within” Fed It May Create 1970s Style Stagflation
– Silver Production Has “Huge Decline” In 2nd Largest Producer Peru
– Gold Erases Post- Election Fall as Trump Wrong on Dollar
– Perth Mint Silver Bullion Sales Rise 43% In March
– Gold Surges Above Key 200 Day Moving Average $1270 Level
– Bank of England Rigging LIBOR – Gold Market Too?

Mark O'Byrne
Executive Director