China’s Gold Reserves Updated: Surprised?
On July 17, 2015, China updated its official gold reserves as being 1,658.1 tonnes. Surprised?
Read articleOn July 17, 2015, China updated its official gold reserves as being 1,658.1 tonnes. Surprised?
Read articleOn July 29, New York gold price closed at $1,097.20 up $1.60. The dollar was a cent stronger at $1.0963, with the Dollar Index stronger at 97.31 up from 96.64. This morning, July 30, the London LBMA gold price was set at $1,085.65, down $1.10. The euro equivalent was €989.43, down €1.80 on yeste...
Read articleThere is not much risk in betting that this number is cooked, largely under-estimated, and that the financial media will be out of superlatives when the next official announcement is closer to reality.
Read articleCarli Blankenship summarizes the most recent and significant stories that happened in the gold and silver market during the last 2 weeks.
Read articleBack 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 October....
Read articleThe proposal now being put to the Greek government and parliament is a lot worse than the one which was voted down by the Greek people last Sunday. This is really the bankrupt leading the bankrupt to perdition.
Read articleDan Popescu's exclusive interview with Gerald Celente (Trends Journal - Trendsresearch.com) on gold and geopolitics : - Greece, Puerto Rico defaults, geopolitics and their relation to gold - Gold price manipulation; China, US and EU - Does China control the price of...
Read articleSince 2002 the trend has been to store Registered gold at COMEX - with over 8.5 million ounces have been stockpiled there.
Read articleHere's a good example of why gold is not trading freely in today's markets.
Read articleGold 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...
Read articleGreece 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 lend...
Read articleThe situation on the paper gold market shows that speculators are massively short on gold currently (even more so since they’re anticipating a friendly settlement for Greece). On the other hand, the commercials have taken the opposite side of the trade. Generally, this is a typical signal of a pr...
Read articleAn article in the Swiss newspaper Bilan published last week states that the weight of gold in the global economy amounts to $172 billion. This is a relatively modest number, slightly lower than Apple’s annual turnaround, for example. Is that all that gold weighs?
Read articleImports = 119 tonnes Exports = 108 tonnes
Read articleSummary 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,...
Read articleBank of China Ltd. will become the first Chinese bank to join the auction process that sets gold prices in the London market.
Read articleTranscript: 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 approac...
Read articleHarry Dent (the one predicting gold at $700) is now being joined by many long-time bugs who are seeing gold plummet toward $1,000-$900... before it takes off to $5,000! I call this the final capitulation of the analysts. They are throwing the towel on this frustrating sector and their short- and mid...
Read articleNew charts added in covering the new CME Futures Contract for Hong Kong Kilobars.
Read articleThe 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.
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