16
Dec
2016

Gold and Silver Bullion – News and Prices

Gold and Silver Bullion – News and Commentary

Gold slides to 10-month low on post-Fed dollar surge (Reuters.com)

Indian Gold imports up 23.24% in November (Business-Standard.com)

Gold Makes Pushback After Getting ‘Smoked’ by Fed’s Hike, Trump (Bloomberg.com)

Dollar, Stocks Hit Speed Bump in Fed-Driven Rally; Bonds Gain (Bloomberg.com)

Asia Gold-China premiums jump to 3-yr highs, Indian demand stays weak (Reuters.com)


(Image Source: Frisby and Money Week)

Near a Tradable Low for Gold – Frisby (MoneyWeek.com)

All that glitters remains gold in India (TheHindu.com)

Greece faces permanent crisis as IMF warns bail-out plan ‘simply not credible’ (Telegraph.co.uk)

Gold Gets ‘Smoked’ With Six Weeks of Losses to Near Bear Market (Bloomberg.com)

Gold Chart Annotated With Exchanges Between Market-Manipulating Traders (GoldChartsRus.com)

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Gold Prices (LBMA AM)

16 Dec: USD 1,134.85, GBP 911.17 & EUR 1,084.80 per ounce
15 Dec: USD 1,132.45, GBP 904.37 & EUR 1,080.70 per ounce
14 Dec: USD 1,160.95, GBP 917.38 & EUR 1,091.99 per ounce
13 Dec: USD 1,157.35, GBP 911.18 & EUR 1,090.80 per ounce
12 Dec: USD 1,154.40, GBP 916.82 & EUR 1,089.41 per ounce
09 Dec: USD 1,168.90, GBP 927.64 & EUR 1,100.75 per ounce
08 Dec: USD 1,174.75, GBP 925.47 & EUR 1,088.64 per ounce

Silver Prices (LBMA)

16 Dec: USD 16.05, GBP 12.91 & EUR 15.36 per ounce
15 Dec: USD 16.14, GBP 12.95 & EUR 15.51 per ounce
14 Dec: USD 17.11, GBP 13.52 & EUR 16.07 per ounce
13 Dec: USD 17.01, GBP 13.39 & EUR 16.04 per ounce
12 Dec: USD 16.86, GBP 13.34 & EUR 15.90 per ounce
09 Dec: USD 16.95, GBP 13.45 & EUR 16.03 per ounce
08 Dec: USD 17.13, GBP 13.50 & EUR 15.88 per ounce


Recent Market Updates

– Fed Raised Rates 0.25% – Rising Rates Positive For Gold
– Silver Fixing By Banks Proven In Traders Chats
– Euro Crisis and Contagion Coming In 2017
– ECB ‘Bazooka’ Reloaded Until At Least December 2017 – Euro Gold Rises 1%; 13% YTD
– UK £6 Billion Worse Off After Multi Billion Pound Gold “Accounting Error”
– Buy Silver – May Replace Gold As Money In India
– Shariah Gold Standard Approved for $2 Trillion Islamic Finance Market
– Potential “Systemic Crisis In Eurozone” After Italy Votes No, Renzi Resigns
– Gold and Silver Will Protect From Coming Financial Crash – Rickards
– RBS Fail Bank of England Stress Test
– Peak Silver – Supply Deficits Mean Higher Prices
– Bail In Risk – €4 Trillion Banking System In Italy Poses Contagion Risk as Referendum Looms
– Gold Down 13.5% In 13 Days – Trump Bearish For Gold?

Mark O'Byrne
Executive Director