Archive for Gold

Gold Buyers “On the Sidelines” Playing “Wait and See” Ahead of FOMC Announcement

London Gold Market Report from Ben Traynor BullionVault Tuesday 13 March 2012, 08:30 EDT SPOT MARKET gold prices drifted as low as $1694 per ounce Tuesday morning in London – 1.3% down on the week so far – while stocks and commodities rose slightly and US Treasuries dipped ahead of today’s US Federal Reserve interest rate decision. [...]

Gold Weekly outlook 12 March – 16 March

Gold Weekly outlook – 12 March – 16 March    Early last week saw the metal falling back below the psychological and technical level of 1700.00; however, as the week came to a close, the bulls once again took control of the market pushing price back above $1700. Last week’s fall and rise in price [...]

China “Must Boost Consumer Demand”, ECB Forcing Europe “To Go Begging”, Gold Below $1690 Could Spark Fresh Selling

London Gold Market Report from Ben Traynor BullionVault Monday 5 March 2012, 09:00 EST DOLLAR gold prices briefly dipped back below $1700 an ounce Monday morning in London, as stocks, commodities and the Euro all fell before recovering some ground, following news that China has cut its official growth target. Silver prices dropped to $34.06 per ounce – [...]

Physical Gold Demand “Picks Up” in Asia After Price Falls, But Further Drop “Could See Focus on $1500 Gold”

London Gold Market Report from Ben Traynor BullionVault Friday 2 March 2012, 08:45 EST THE U.S.DOLLAR gold price fell to $1708 an ounce Friday lunchtime in London – a 0.9% drop on Friday’s Asian session high – as stock and commodity markets also fell slightly amid ongoing uncertainty over the Greek bailout deal. “Another move below $1690 [...]

“Speculation” in Absence of Physical Demand Blamed for Gold’s 5% Plunge as Greek “Credit Event” Denied

London Gold Market Report from Adrian Ash BullionVault Thurs 1 March, 08:20 EST PRECIOUS METALS rallied in Asian and early London trade Thursday morning, with gold futures at one point recovering more than a third of yesterday’s sharp $100-per-ounce decline as global stock markets also rose. Broad commodity markets rose, but the single Euro currency [...]

Markets Flat Following ECB LTRO News, Iran Trading with “Universal Currency” Gold “Next Target for Silver” is September High

London Gold Market Report from Ben Traynor BullionVault Wednesday 29 February 2012, 08:30 EST WHOLESALE MARKET gold bullion prices hovered around $1785 an ounce Wednesday morning London time, while stocks and commodities were also broadly flat following the European Central Bank’s latest attempt to boost the liquidity held by the continent’s banks. Silver bullion meantime hit $37.36 [...]

Silver Hits 5-Month High with Gold “In Consolidation Period”, Eurozone Leaders Put Off Making Decision on Bailout Fund

London Gold Market Report from Ben Traynor BullionVault Tuesday 28 February 2012, 08:30 EST SPOT MARKET gold prices climbed to $1781 an ounce Tuesday lunchtime in London – 0.3% off last week’s high – while stock markets gained along with the Euro, as European leaders postponed a decision on whether to increase the size of the [...]

The Long-Term Fundamental Case for Gold

By: Chris Vermeulen – Free Weekly ETF Reports & Analysis: www.GoldAndOilGuy.com Co-Author: JW Jones – Free Weekly Options Reports & Analysis: www.Optionnacci.com The Long-Term Fundamental Case for Gold “No State shall enter into any Treaty, Alliance, or Confederation; grant Letters of Marque and Reprisal; coin Money; emit Bills of Credit; make any Thing but gold [...]

“Quiet Session” Sees Gold and Silver Flat, ECB Could Create “Dangerous” Two Tier Debt Market

London Gold Market Report from Ben Traynor BullionVault Friday 17 February 2012, 09:00 EST SPOT MARKET prices for buying gold held just above $1730 an ounce during flat trading this morning in London, as speculation continued over whether a Greek bailout will be agreed next week. Prices for buying silver were also very flat – hovering above $33.50 an [...]

Gold Demand Trends Show Chinese Growth, Indian Weakness & Revival of US Consumers as Fresh Greek Rumors Dent Euro

London Gold Market Report from Adrian Ash BullionVault Thurs 16 Feb., 09:45 EST WHOLESALE MARKET prices to buy gold bullion slipped further on Thursday in London, falling to a three-week low beneath $1709 per ounce as a raft of positive US data buoyed the Dollar, and fresh rumors broke of a Eurozone exit for Greece. [...]

Euro Crisis “Still Supporting Gold” as Germany’s Concerns Grow over Greece’s Second Bailout

London Gold Market Report from Ben Traynor BullionVault Wednesday 15 February 2012, 09:00 EST SPOT MARKET gold prices rose to $1732 per ounce Wednesday lunchtime in London, slightly above where they started the week, as European stock markets dipped amid ongoing uncertainty over Greece’s second bailout. Silver prices tested $34 per ounce – 1% above last Friday’s [...]

“Sideways Trade” sees Gold “Supported by Phys. Demand”, Debt Warning “Reality Check” for Britain while Obama Calls for Increased US Spending

London Gold Market Report from Ben Traynor BullionVault Tuesday 14 February 2012, 08:30 EST THE WHOLESALE market gold price eased to $1713 per ounce Tuesday lunchtime – 1.1% down on the previous day’s high – while stock and commodity markets were broadly flat despite several European countries having their sovereign ratings or outlooks lowered last night. [...]

Dollar Weakness “Creating Gold Demand” after Greek Deal, Time for American Austerity “Is Not Now” says White House

London Gold Market Report from Ben Traynor BullionVault Monday 13 February 2012, 08:30 EST SPOT MARKET gold prices touched $1733 per ounce Monday morning – 0.5% up on last week’s close – as stock markets, commodities and the Euro all rallied following Greece’s vote in favor of new austerity measures. Silver prices meantime hovered around $33.90 per [...]

Gold Weekly outlook 13 Feb – 17 Feb

Last week saw the metal taking a breather from its recent bullish momentum with a slightly choppy week producing few trading opportunities. Wednesday, Thursday and Friday saw the market falling towards the both psychological and technical support/resistance level at 1700. Friday’s daily bar closed as a bullish pin bar suggesting we could see the bulls [...]

“Desperate Shot in the Dark” of Quantitative Easing “Will Boost Inflation & Gold” Say Analysts

London Gold Market Report from Adrian Ash BullionVault Thurs 9 Feb., 08:45 EST The WHOLESALE MARKET gold price slipped 0.6% to $1730 in London on Thursday morning, regaining most of that dip as the European Central Bank kept its key lending rate on hold and the Bank of England extended its purchases of UK government [...]

Gold Steady Wed. Morning as Dollar Hits 2-Month Low, Job Market “Still Far from Normal” says Bernanke while Bank of England “Could Do £50bn” Additional QE

London Gold Market Report from Ben Traynor BullionVault Wednesday 8 February 2012, 08:30 EST WHOLESALE MARKET prices for gold bullion held steady just below $1750 per ounce Wednesday morning in London – a 2.2% gain on yesterday’s low – after rallying Tuesday following comments from US Federal Reserve chairman Ben Bernanke. Silver bullion eased slightly this morning [...]

Gold and EUR/AUD Down – Euro Trading Mid Range On Greece Uncertainty

Gold and EUR/AUD Down – Euro Trading Mid-Range On Greece Uncertainty Analysis from: Forex FX 4X Gold Analysis: (XAUUSD) is currently making new lows for the week and price is located at the ascending trend line shown on the chart below.   US data has been stronger recently and QE is no longer a given. This [...]

Gold Touches Two-Week Low as Athenians “Burn German Flag” with Greece “Standing on Edge of Default”

London Gold Market Report from Ben Traynor BullionVault Tuesday 7 February 2012, 07:45 EST U.S. DOLLAR gold prices touched a 2-week low of $1711 an ounce Tuesday lunchtime in London, with stocks, industrial commodities and the Euro also falling amid uncertainty over whether Greece is approaching default. Silver prices dropped to $33.20 per ounce – down 1.6% on [...]