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This week has seen somewhat reduced volatility in precious metals, with gold ranging between $1,442 and $1,480 and silver between $23.20 and $24.60. The question we would all like an answer to is having consolidated after the massive knock-down last month, will prices continue to fall, or have they bottomed? To help answer this question, ...
This week it transpired that the fall in gold and silver prices achieved the desired effect of shaking some of the bulls out of their positions. The hedge funds who recently went short, if they were in on the game, will be closing their shorts; those that were not, got lucky and will do the same. Unfortunately for those that engineered ...
Bullion has been steady this week, with gold rising $12 to $1,590 and silver falling 13 cents to $28.80 as of Friday morning. Open interest in gold has picked up by 19,000 contracts in US futures markets this month so far, and in silver by over 6,100 contracts – suggesting good support at current prices. Last weekend the Bank ...
Gold is knock-knock-knockin’ on $1,600’s door, though as yet has been unable to break back above this price. Silver is being stymied at $29, with platinum at the same level as gold and trading in a very similar pattern to the yellow metal over the last couple of sessions. The market remains in a firmly “risk on” ...
It seems that America's Commodity Futures Trading Commission (CFTC) is discussing internally the possibility that gold and silver is being manipulated at the London fixings, according to The Wall Street Journal. It seems that CTFC officials have concluded that if Libor can be rigged, so can gold and silver at the London fixes. Whether or ...
Some stability returned to precious metals this week, with gold rising $14 from $1,564 at last Friday’s low to Friday morning, London time, and silver rising $0.65 from $28. Predictably – on the back of recent falls in precious metal prices – technical analysts, who are basically trend-followers, have turned bearish. An ...
On Comex, last week’s Commitment of Traders Report for gold showed Managed Funds (mostly hedge funds) with record shorts, as foreshadowed in last Friday’s Market Report. But they became very skittish – some changing their minds on a mini-bear squeeze in both gold and silver, triggered during Ben Bernanke’s ...
This week considerable instability developed in currency markets. The yield on US Treasuries has been rising, signalling that they may have bottomed out. And when it emerged from the FOMC minutes that some members are worrying about the commitment to buy Treasuries and mortgage securities while the British MPC were thinking of renewed QE, ...
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Gold:Gold Buy Rates |
$44.6449/gg $1,388.60/oz |
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Silver:Silver Buy Rates |
$0.7192/gg $22.37/oz |
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Platinum:Platinum Buy Rates |
$46.8437/pg $1,457.00/oz |
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Palladium:Palladium Buy Rates |
$23.5716/pd $733.20/oz |
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