06
Jul
2017

Gold and Silver Bullion – News and Prices

Gold and Silver Bullion – News and Commentary

PRECIOUS-Gold steady as US policymakers split on rate hike outlook (Nasdaq.com)

Asia shares drop on Fed minutes, oil edges up after big drop (Reuters.com)

Asian markets adrift amid global uncertainty (MarketWatch.com)

US Mint June gold coin sales slide 92% year on year to 0.19 m (Platts.com)

Ex-Glencore traders aim to cut out middlemen with online concentrate platform (Reuters.com)

ANC mulls nationalisation of Reserve Bank – but says independence should be guaranteed (TimesLive.co.za)

May showed strong demand at 398.8 tonnes which is well in excess of global gold production at 269 tonnes per month. (Source: Goldchartsrus.com)

Central bankers are playing a giant game of Jenga with markets (MoneyWeek.com)

Steve St. Angelo: Prepare For Asset Price Declines Of 50-75% (ZeroHedge.com)

Illinois – Poster Child for the Coming Sovereign Debt Crisis (ArmStrongEconomics.com)

India tax hike could boost illegal bullion, jewelry sales (Reuters.com)

Keep Eye on Sovereign Debt for Next Minsky Moment (Bloomberg.com)

Gold Prices (LBMA AM)

06 Jul: USD 1,224.30, GBP 946.14 & EUR 1,077.51 per ounce
05 Jul: USD 1,221.90, GBP 945.87 & EUR 1,078.45 per ounce
04 Jul: USD 1,224.25, GBP 947.32 & EUR 1,078.81 per ounce
03 Jul: USD 1,235.20, GBP 952.09 & EUR 1,085.00 per ounce
30 Jun: USD 1,243.25, GBP 957.43 & EUR 1,090.83 per ounce
29 Jun: USD 1,246.60, GBP 959.88 & EUR 1,093.14 per ounce
28 Jun: USD 1,251.60, GBP 976.25 & EUR 1,101.91 per ounce

Silver Prices (LBMA)

06 Jul: USD 16.01, GBP 12.36 & EUR 14.09 per ounce
05 Jul: USD 15.95, GBP 12.36 & EUR 14.09 per ounce
04 Jul: USD 16.15, GBP 12.48 & EUR 14.23 per ounce
03 Jul: USD 16.48, GBP 12.72 & EUR 14.49 per ounce
30 Jun: USD 16.47, GBP 12.69 & EUR 14.44 per ounce
29 Jun: USD 16.83, GBP 12.98 & EUR 14.76 per ounce
28 Jun: USD 16.78, GBP 13.08 & EUR 14.78 per ounce


Recent Market Updates

– Buy Gold Near $1,200 “As Insurance” – UBS Wealth
– UK House Prices ‘On Brink’ Of Massive 40% Collapse
– Gold Up 8% In First Half 2017; Builds On 8.5% Gain In 2016
– Pensions Timebomb In America – “National Crisis” Cometh
– London Property Bubble Bursting? UK In Unchartered Territory On Brexit and Election Mess
– Shrinkflation – Real Inflation Much Higher Than Reported
– Goldman, Citi Turn Positive On Gold – Despite “Mysterious” Flash Crash
– Worst Crash In Our Lifetime Coming – Jim Rogers
– Go for Gold – Win a beautiful Gold Sovereign coin
– Only Gold Lasts Forever
– Your Future Wealth Depends on what You Decide to Keep and Invest in Now
– Inflation is no longer in stealth mode
– James Rickards: Gold Will Start Heading Higher On “Dwindling” Supply

Mark O'Byrne
Executive Director