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Metals Hit by BRICS or ‘Bubbles’?
As Jim Sinclair weighs in on Monday’s market shenanigans, spot gold and silver ended off 0.6% and 0.3% respectively on Tuesday. Gold “was weakened, opined analysts, by strength in the U.S. dollar,”...
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Metals Up After 2-Day Drop; Indian Gold Surge
Both spot gold and silver were up a fraction on what Reuters describes as “bottom-picking” following two down days, but gold’s rally was said to have “faded after data showed U.S. manufacturing output...
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Squeezing the Shorts — ‘Watch For It’
“You know, if someone with quite a lot of firepower were to take a good look at the Swap Dealer combined positioning in gold and silver, and exploit that by pressing the metals a bit, they sure might...
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Through the Revolving Door to Lobby
“An epic farce” is how Zero Hedge characterizes Scott O’Malia’s spin through the revolving door just two days after resigning as an CFTC commissioner, to become the new head of the International Swaps...
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Besieged Iraqis Added to Chaotic Global Mix
Silver futures finished off 0.2% on Thursday while gold futures added 0.3%, with Bloomberg attributing the gain to a decline in U.S. stocks on “concern that escalating tensions between Russia and...
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‘Cautious’ Investors Seen Keeping Gold Fashionable
The value of an Indian businessman’s new gold shirt was virtually unchanged Monday, while silver, a more practical wearable, gained 0.8%. Gold’s flatness was attributed to “rising global equities,...
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Metals Still Not Moving Much; Fed Split on Rate Rise
By one account, gold and silver prices “seem determined to hold on here,” as they continued to trade in a narrow range on Wednesday, with spot silver up 0.2% and gold off 0.4%. Reuters attributes the...
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Metals Edge Down as Stocks, Dollar Gain on QE Hints
Following a brief move higher on Monday, spot gold and silver ended down a fraction of a percent, with gold said to have been under pressure from “a stronger U.S. dollar and rallying global financial...
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See Ya in September!
Gold and silver futures fell about a half a percent on the final U.S. trading day in August, but it’s said that “September should be glowing for gold,” with the biggest boost likely coming from India....
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Dollar Strength Trumps Hotspots—For Now
Before spot gold and silver staged a late rally Tuesday to end up a fraction of a percent, they were weighed down by the dollar hitting a 14-month high against the euro, and what was seen as an easing...
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Down Week Also Brings Talk of Peak
With gold and silver falling some 3 percent on the week, USA Gold’s market report observes that “A lessening of geopolitical tensions (albethey superficial), expectations of diverging monetary...
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‘Retail Buyers’ Spike Silver ETF Holdings
With gold and silver futures inching up 0.3% and 0.1% respectively on Monday, holdings at the world’s five largest silver ETFs hit a record high on Friday, reports Reuters, driven by a one percent...
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Metals Gain Ahead of Fed
Gold and silver advanced for the second and third session respectively, with gold said to be “getting a bid as the dollar weakened and China has announced some stimulus program,” described as a...
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A Yuanderful New Era for Gold?
Following Thursday’s launch of the Shanghai Gold Exchange‘s trading of contracts in the city’s free-trade zone, China’s first exchange completely open to foreign investors, Reuters reports that “A...
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Gold and Silver: ‘Sellers Remain In Control’
Spot gold and silver were off half a percent on Wednesday as the dollar gained on the back of single-family home sales hitting a six-year high in August, even though the overall housing numbers are...
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Indian Gold Demand Smokes Comex
“After a gap of nearly five months, there is some cheer emerging from India for the bullion market,” begins a Mineweb report, “as buyers appear to be taking advantage of the relatively low gold...
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Metals Extend Post-Fed Gains as Stocks Sink
Gold and silver futures decoupled from the whipsawing stock market on Thursday, gaining 1.6% and 2.1% respectively. “Gold is benefiting from a flight to quality as the stock market is heading into a...
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‘Oversold’ Metals ‘Bounce Firmly Off Support’
Gold stalled out on Friday, falling a fraction of a percent as the U.S. dollar rebounded, but silver inched up and both metals gained on the week, with gold adding about 2.7% and silver advancing...
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Gold Flows East, Will Pricing Follow?
With gold and silver futures ending up 0.7% and 0.2% respectively on Monday, as both the U.S dollar and stock markets fell, Coin News cites an analysis that “More safe-haven demand was featured amid...
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