Goldbroker ™

Carli Blankenship summarizes the most recent and significant stories that happened in the gold and silver market during the last 2 weeks.

Back in April we wrote that "The Mystery Of China's Gold Holdings Is Coming To An End" as a result of China willingness to add the Yuan to the IMF's SDR currency basket which would require the disclosure of China's gold holding ahead of an IMF meeting on SDR composition which may be held in Octob...

  Gold started a short-term down trend within a longer down trend on June 22 and as of July 3, it is testing it to the upside but has not broken it yet, closing the week at $1,168.40. The longer down trend started around May 20 remains intact.     Silver is also in a downtr...

Greece moved to check the growing strains on its crippled financial system on Sunday, closing its banks and imposing capital controls that brought the prospect of being forced out of the euro into plain sight.   After bailout talks between the leftwing government and foreign lenders...

Summary On June 1, 2015, JPMorgan added almost exactly enough ounces of physical gold to patch the deficiency between supply and delivery demand at COMEX, avoiding widespread dealer default. Declassified documents, along with strong circumstantial evidence indicate that it was not JPMorgan, b...

Bank of China Ltd. will become the first Chinese bank to join the auction process that sets gold prices in the London market.

  Transcript: 1) Gold broke last week a downtrend started in mid-May while silver remains within the downtrend with no indication as of now it intends to follow gold and break out to the upside. Gold stopped short of $1,195 resistance level and silver dropped from $16.2 and is approachin...

The bail-ins are coming. Reuters reported today that European Commission today gave France, Italy and nine other EU countries two months to adopt bank bail-in regulations or face legal action.

Finance chiefs from the Group of Seven industrial nations agreed on Friday that including China's renminbi in the International Monetary Fund's currency basket is desirable, but a technical review must be completed first.

According to central bank data, Russia's gold reserves rose to 40.1 million troy ounces as of May 1 compared with 39.8 million ounces a month earlier.

Russia and China are setting the stage for a gold-backed currency, in preparation for the day the Dollar reserve hegemony finally ends.

Austrian central bank plans to keep 50% of its gold reserves in Austria vs 17% now, Kronen-Zeitung reports, citing governor Ewald Nowotny’s unpublished new “gold strategy.”

The People's Bank of China may have tripled its gold stockpile since April 2009, when it last gave an official number, which Bloomberg Intelligence estimates to be 3,510 metric tons, second to United States 8,133.5 tons of gold.

We conducted over 1.000 surveys in order to understand current perceptions and attitudes on investment gold in the US.

JP Morgan was fined $35,241,500,000 in a three-and-a-half year period. Nearly all of the penalties were tied to the financial crisis and the company’s promotion and use of mortgage-backed securities.

India’s official gold imports in 2014-15 stood at 900 tonnes — 36% higher than the previous year’s 665 tonnes, indicating households’ strong preference for the yellow metal as a savings option.

Janet Yellen admitted that "cash in not a very convenient store of value"

The explored reserves of gold, diamonds and zinc will be enough for 20 years of extraction, according media reports citing a Goldman Sachs research.

Chris Powell (GATA) explains why global central banks are intervening in the gold market.

Finance Minister Arun Jaitley has announced schemes to curb gold imports and monetise large idle stocks of the precious metal.