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Archive for: Adrian Ash

Fed Minutes Split Metals Traders, India’s Festival Gold “Already Stockpiled”

Fed Minutes Split Metals Traders, India’s Festival Gold “Already Stockpiled”

London Gold Market Report from Adrian Ash BullionVault Wednesday, 21 August 08:15 EST BULLION prices recovered most of an earlier dip lunchtime Wednesday in London, with gold trading 1.2% lower for the week so far ahead of policy-meeting minutes... read more »

 

Gold Rallies But Very Oversold

Gold Rallies But Very Oversold

Gold Rallies But “Very Oversold” Miners Extend Losses Post-Bernanke WHOLESALE GOLD traded in a tight range around $1280 per ounce Thursday morning after recovering over a third of yesterday’s $30 drop from 4-week highs. Gold... read more »

 

Gold Trying to Build Base as Retail Demand Counters More ETF Selling

Gold Trying to Build Base as Retail Demand Counters More ETF Selling

The GOLD PRICE fell $10 per ounce after reaching almost $1400 for the 5th time this week in London trade Friday morning. Silver held tight around $22.50 per ounce, managing only one-third of gold’s 2.0% gain for the week. After yesterday’s... read more »

 

Silver Stalls, Gold Gains as CFTC Clarifies London Fix Investigation, US Inflation Rises

Silver Stalls, Gold Gains as CFTC Clarifies London Fix Investigation, US Inflation Rises

GOLD ticked higher but silver prices stalled Friday morning, as a rise in Asian stock markets failed to carry over into European or pre-opening trade in US equities. The Euro currency rose sharply through $1.30, knocking the gold price in Euros... read more »

 

Patience Thin for Gold Investors on Worst Price-Drop in 9 Months, ETF Liquidation

Patience Thin for Gold Investors on Worst Price-Drop in 9 Months, ETF Liquidation

The PRICE of gold slipped again below $1600 per ounce on Thursday – a level first reached on the way up in July 2011 – to head for its worst one-month drop since May as world stock markets rose. Broad commodity markets were little changed,... read more »

 

Exciting Week Ahead for Gold as Silver Hits 6-Week High

Exciting Week Ahead for Gold as Silver Hits 6-Week High

The DOLLAR PRICE of physical gold rose back to $1734 per ounce in London on Friday morning, nearing the top of the last 5 weeks’ trading range as so-called “risk assets” also crept higher. Asian and European stock markets were... read more »

 

Two-Week Low Just What Gold Needed, Long-Term Uptrend Safe

Two-Week Low Just What Gold Needed, Long-Term Uptrend Safe

WHOLESALE-MARKET prices to buy gold eased $5 in London on Thursday after an overnight rally to $1760 per ounce. The Euro currency also eased lower after rallying to $1.29 – some 2¢ below the 5-month high hit a fortnight ago – as Spain was... read more »

 

Jackson Hole Puts Gold on Hold, But New US Money-Printing “Not Yet Priced In”

Jackson Hole Puts Gold on Hold, But New US Money-Printing “Not Yet Priced In”

WHOLESALE-MARKET prices to buy gold retreated Thursday morning in London, ticking back towards yesterday’s 1-week low at $1653 per ounce as world stock markets also fell. Prices for silver bullion held steadier, trading just 10¢ below... read more »

 

Gold Lacks All Safe Haven Interest

Gold Lacks All Safe Haven Interest

WHOLESALE PRICES to buy gold ticked back above $1570 per ounce in London trade Thursday lunchtime, but held onto a 0.5% loss for the session as stock markets fell ahead of today’s Euro crisis summit in Brussels – the 12th such meeting... read more »

 

Gold Jumps Again But Rangebound Below $1640

Gold Jumps Again But Rangebound Below $1640

The WHOLESALE MARKET gold price rose again as New York trading began on Wednesday, extending yesterday’s 1.8% jump to reach $1620 per ounce as new data showed US retail sales falling faster-than-expected in May. Silver bullion recovered... read more »

 

London Gold Market Report

London Gold Market Report

Gold Falls Through $1550, “Bulls Misjudged the Dollar” as Euro Crisis Sparks EU Wrangling The U.S. DOLLAR gold price fell further on Wednesday morning, trading at 1-week lows beneath $1550 per ounce as world stock markets dropped... read more »

 

Gold “Testing $1550″ as Stocks Sink, Bund Yields Vanish, Investors Flee Risk for Cash

Gold “Testing $1550″ as Stocks Sink, Bund Yields Vanish, Investors Flee Risk for Cash

The WHOLESALE gold price bounced from a 4-session low at $1552 per ounce Wednesday morning in London, rallying with the Euro currency as world stock markets slumped. The Athens stock market hit a fresh 22-year low, and Wall Street futures pointed... read more »

 

Toxic Euro Corroding Gold

Toxic Euro Corroding Gold

The Euro has become a very odd, very toxic asset… WHAT’S UP with the gold price? Not a lot. Gold is down, in fact. So is everything else outside the US Dollar and “safe” sovereign debt. “I think what we can expect... read more »

 

QE3 Not Off the Table as Euro Crisis Gives Gold Significant Upside

QE3 Not Off the Table as Euro Crisis Gives Gold Significant Upside

WHOLESALE MARKET spot gold prices hit a 7-session high just below $1600 per ounce in London trade early Monday, before dropping back through last week’s finish at $1593 as European stock markets rose for the first time in two weeks. Spanish... read more »

 

Jump in Gold as France Refutes EU Pact

Jump in Gold as France Refutes EU Pact

THE WHOLESALE MARKET gold price jumped at the start of New York trade on Thursday, cutting the week’s previous 3.3% dive to 5-month lows in half as the Euro fell and Eurozone stock markets slumped once again. The gold price touched $1558... read more »

 

Bull Market in Gold Not Over But Speculators Turn Bearish

Bull Market in Gold Not Over But Speculators Turn Bearish

THE PRICE OF GOLD and gold futures dropped yet again Monday morning, recording the seventh drop in nine trading days in May so far as industrial commodities, global stock markets and the Euro currency all sank amid Athens’ failure to negotiate... read more »

 

Useless Gold Overtakes Platinum

Useless Gold Overtakes Platinum

It’s more than “interesting” that platinum prices are lagging gold… Indeed, a trader “could have made a lot of money buying platinum and selling gold since Lehman Brothers,” as Philip Klapwijk, executive chairman... read more »

 

London Gold Market Report – Asian Gold Demand Still Lacking

London Gold Market Report – Asian Gold Demand Still Lacking

Asian Gold Demand “Still Lacking” as Vietnam Bans Monetary Use, India Tightens Import Oversight GOLD and SILVER ticked higher from Wednesday evening’s 3-month lows in London on Thursday, going into the long Easter weekend with... read more »

 

Persistent Investment Needed to Support Gold as Indian Duty Hike “Kills Imports”

Persistent Investment Needed to Support Gold as Indian Duty Hike “Kills Imports”

The WHOLESALE-MARKET gold price fell beneath last week’s finish on Thursday in London, nearing its second consecutive monthly fall against all major currencies bar the Japanese Yen as US Treasuries rose with the Dollar. Italian and Spanish... read more »

 

Wanted! Bearish Gold Bulls

Wanted! Bearish Gold Bulls

Gold’s bull run is exhausted, apparently. Yet it’s due only a shower, not a bath… SO GOLD BULLS are turning bearish. But not really. “A number of things which would have kept people with an eye on the upside for gold... read more »

 
 
 
 
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