Buy Gold Bullion | Russia's Gokhran <b>Buying Gold Bullion</b> In 2014 and Will Buy <b>...</b> | News2Gold |
- Russia's Gokhran <b>Buying Gold Bullion</b> In 2014 and Will Buy <b>...</b>
- ECB <b>Buy Gold Bullion</b>? Japan's Monetary Policy Dubbed "Ponzi <b>...</b>
- The Lawless Manipulation of the <b>Gold</b> and Silver <b>Bullion</b> Markets <b>...</b>
- "Now Is A Good Time" To <b>Buy Gold</b> - Fidelity Investments - GoldCore <b>...</b>
- Assets in biggest <b>gold bullion</b> ETF tumble most since last year - GATA
| Russia's Gokhran <b>Buying Gold Bullion</b> In 2014 and Will Buy <b>...</b> Posted: 29 Sep 2014 03:51 AM PDT Gokhran, the Russian precious metals and gems repository, said it has been buying gold bullion in 2014 and will likely to start buying palladium bullion in 2015, Interfax news agency reported this morning, citing the head of Gokhran, Andrey Yurin.
Gokhran has been buying gold bullion on the Russian market this year and has no plans to sell palladium from stock in 2014 , Yurin said. Gokhran's palladium reserves are a state secret and analysts try to guess the level each year but they are widely believed to have been depleted according to Reuters. Gokhran was influential on global platinum group metals (PGMs) markets in the 1990s and 2000s, when its palladium stocks, accumulated during the 1970s and 1980s, came to the market, depressing prices. Gokhran is the State Precious Metals and Gems Repository which is a state institution under the Russian Ministry of Finance. It is responsible for the State Fund of Precious Metals and Precious Stones of the Russian Federation. It is responsible for the purchase, storage, sale and use of precious metals, precious stones, jewellery, rocks, and minerals by the State Fund.
Russia again added to its growing and increasingly substantial gold reserves in August, with the Russian central bank purchasing 232,510 ozs (7.23 tonnes) and bringing its total gold reserves to 35.769 million ozs or 1,112.5 tonnes.
Palladium is already in a structural deficit and this new source of demand should result in palladium continuing to see gains in the coming months. MARKET UPDATE Gold fell $3.50 or 0.29% to $1,217.50 per ounce and silver climbed $0.11 or 0.63% to $17.63 per ounce Friday. Gold and silver were both down on the week at 0.01% and 1.51% respectively. Gold in Singapore was essentially flat, trading around the $1,219/oz level and remained tethered to this level in London trading. Palladium gained about 1% while silver and platinum were largely unchanged. The dollar hit a four year peak against a basket of currencies this morning and this is pressuring the precious metals. Gold Down 5.2% In September and Headed For Quarterly Loss Of over 8% Silver has fallen by a larger amount and is down 9.6%. While platinum is 8.3% lower. Palladium's 12.7% drop this month means that it is on track for its worst monthly performance since September 2011. It remains higher for the year and is 12.5% higher than the low in January 2014 at $693/oz. Demand for physical gold could be affected by the Chinese holiday period that begins this week, MKS note this morning. "Beginning on Wednesday this week we have Chinese Golden Week commencing, which will keep Chinese markets shut between 1-8 October," it said. "Given the natural support derived from Chinese physical demand, their absence over this period, combined with another strong payrolls figure expected this Friday, could heap added pressure on the gold. This is a very similar scenario to last year where gold was aggressively sold by speculators during the absence of the Chinese."
Gold in USD – 5 Years (Thomson Reuters) Canny buyers in Asia and globally will use further price weakness to dollar cost average into gold. Receive Award Winning Updates Here  | |
| ECB <b>Buy Gold Bullion</b>? Japan's Monetary Policy Dubbed "Ponzi <b>...</b> Posted: 18 Nov 2014 04:21 AM PST Concerns about deflation, recession and a return to the Eurozone debt crisis, may see the ECB follow Japan and print money to buy assets including shares, exchange traded funds and physical gold.
Counter intuitively, gold prices fell on the quite bullish news. In marked contrast to the sharp falls gold saw on the mere rumour of small Cyprus selling their miniscule gold reserves. Such odd trading leads to continuing concerns that the precious metals markets are still being manipulated. Over the last couple of months, the ECB has launched several measures to revive the lacklustre euro zone economy. Mersch said the bank should let these steps take effect first before considering more action. If more action was needed, the ECB's hands wouldn't be tied as it could theoretically purchase government bonds or other assets such as gold, shares, or exchange traded funds (ETFs). But he said the bank was not determined to buy up assets come what may and should consider its actions carefully. He warned about the negative side effects were the central bank to start buying up government debt, urging political leaders instead to reform their economies to boost growth. "Easing of monetary policy cannot work effectively when the European economy is structurally not in good shape," Mersch said in a speech at an annual banking conference in Frankfurt. There appears to be an ongoing tussle between the ultra dovish such as ECB President, Mario Draghi and the slightly less dovish members of the ECB. Mario Draghi has explicitly cited government bond buying as a policy tool officials could use to further stimulate the economy should the outlook worsen again. "Unconventional measures might entail the purchase of a variety of assets, one of which is sovereign bonds," the ECB president said in Brussels yesterday in answer to a question during his quarterly testimony to lawmakers at the European Parliament.
Draghi and the uber doves appear determined to ignore the failure of QE in both the U.S. and Japan. The architect of Japan's radical economic policies – 'Abenomics' – Koichi Hamada has described the recent bond buying binge by the Japanese central bank as a ponzi scheme: "In a Ponzi game you exhaust the lenders eventually, and of course Japanese taxpayers may revolt. But otherwise there are always new taxpayers, so this is a feasible Ponzi game, though I'm not saying it's good." Japan's GDP tanked an incredible 7.4% last quarter and social tensions are rife. Like in the U.S., the primary beneficiaries of Japan's ultra-loose monetary policies have been speculators, investors and the ultra-rich – the Nikkei has been booming – or bubbling. Meanwhile, Japan has hit the panic button with President Abe directing his cabinet to formulate policies such as printing up "gift certificates" for the poor to "support personal consumption directly." Against this backdrop Yves Mersch, from the ECB's executive board, made an astounding observation regarding Abenomics: "I'm not so sure it has worked, considering that this morning we saw that Japan has officially slid into recession again." In a speech in Frankfurt, Mr. Mersch made a suggestion which may be seen as an acceptable compromise by Germany with regard to monetary expansion to stoke inflation. He said "Theoretically the ECB could purchase other assets such as gold, shares, ETFs to fulfill its promise of adopting further unconventional measures to counter a longer period of low inflation." Germany have been resolutely opposed to monetary expansion through the purchase of debt, but asset backed money printing may be regarded as more palatable. The suggestion that gold would be used, even in a limited way, to back the Euro is encouraging. Western central banks public utterance regarding gold is usually negative. Physical gold supply remains extremely tight. Gold is currently in backwardation meaning that the price on the futures market is lower than the spot price today. If holders of physical gold bullion sold it today they could profit by buying a forward contract which would guarantee them the same volume of gold but at a lower price in the future, avoiding storage costs in the interim period and using the proceeds of the sale to invest until that later date. Investors are not taking advantage of this opportunity probably because some are concerned that there will not be physical gold available at the lower price which may cause the counterparty to the trade to default. It appears as though the trepidation of gold investors may sometime come to an end. That the ECB would even consider buying gold in QE may come to be seen as an important moment. If the Swiss people vote to pass the gold initiative at the end of this month it is likely that the ECB will feel pressure to enter the market sooner than they may have expected. As the currency wars continue it may be that other western central banks will feel compelled to enter the gold market to protect their currencies from speculative attack and devaluation. We advise owners of gold to ensure they own gold in allocated and segregated accounts and to sit tight – their patience will again be rewarded. Get Breaking News and Updates on the Gold Market Here MARKET UPDATE Gold fell $14.30 or 0.36% to $1,186.40/oz yesterday. Silver slipped $0.14 or 0.86% to $16.16/oz.
Today, gold jumped to a two week high at $1,202 per ounce as a weakening dollar and concerns about the global economy led to safe haven demand. Silver climbed 1.2% to $16.34 an ounce. ECB President Mario Draghi said yesterday that unconventional measures may include the purchase of a variety of assets to stimulate the economy. The central bank could theoretically buy sovereign debt, gold, exchange-traded funds, and even real estate to counter a longer period of low inflation, Executive Board member Yves Mersch said yesterday (see above). Gold in USD – January 1986 to November 19, 2014 (Thomson Reuters) The largest gold backed ETF, SPDR Gold Trust, saw holdings rise 0.33% to 723.01 tonnes on Monday, the first increase since November 3. The fund's 10th anniversary is tomorrow and its holdings are at a 6 year low as 'weak hand' investors sell and gold flows East. India's central bank is rumoured to announce new restrictions on gold imports tomorrow, a finance ministry source noted to the media.
S&P 500 – Jan, 1986 to November 19, 2014 (Thomson Reuters) Stock markets continue their constant march higher. The Stoxx Europe 600 was up 0.6% after Germany's ZEW institute stated that although the economic environment remains fragile, the recent eurozone growth figures suggest a degree of stabilization. U.S. stocks eked out slight gains, with the S&P 500 recording a 42nd record close of the year, as comments by European Central Bank President Mario Draghi helped offset data that unexpectedly showed Japan's economy in a recession. Buy Gold Bars in the Safest Way and at the Lowest Prices | |
| The Lawless Manipulation of the <b>Gold</b> and Silver <b>Bullion</b> Markets <b>...</b> Posted: 22 Dec 2014 03:12 PM PST Note: In this article the times given are Eastern Standard Time. The software that generated the graph uses Mountain Standard Time. Therefore, read the x-axis two hours later than the axis indicates. The Federal Reserve and its bullion bank agents are actively using uncovered futures contracts to illegally manipulate the prices of precious metals in order to keep interest rates below the market rate. The purpose of manipulation is to support the U.S. dollar's reserve status at a time when the dollar should be in decline from the over-supply created by QE and from trade and budget deficits. Historically, the role of gold and silver has been to function as a means of exchange and a store of wealth during periods of economic and political turmoil. Since the bullion bull market began in late 2000, It rose almost non-stop until March 2008, ahead of the Great Financial Crisis, which started with the collapse of Bear Stearns. When Bear Stearns collapsed, gold was taken down over the course of the next 7 months from $1035 to $680, or 34%; silver from $21 to $8, or 62%. The most violent takedown occurred as Lehman collapsed and Goldman Sachs was about to collapse. This takedown occurred during a period of time when gold should have been going parabolic in price. The price of gold finally took off in late October 2008 from $680 to $1900 while the Government and the Fed were busy printing money to bail out the banks. While the price of gold rose nearly 300% from late 2008 to September 2011, the U.S. dollar lost over 17% of its value, falling from 89 on the dollar index to 73.50. The current takedown of gold from $1900 to $1200 has occurred during a period of time when financial and political fraud and corruption becomes worse and more blatant by the day. Along with this, the intensity and openness with which the metals are systematically beat down seems to grow by the day. Comex futures trade 23 hours a day via a global computerized trading system known as Globex. The heaviest period of trading occurs when the actual Comex floor operations are open, which is 8:20 a.m. to 1:30 p.m. EST. All other times Comex futures trade electronically via Globex. Gold and silver are smashed primarily during the Globex-only trading periods, when volume is often light to non-existent. This graph of Comex futures trading on December 16th shows the sudden plunge in the price of silver.
The second stage of the sharp price drop begins at 1:30 pm eastern time (11:30 mountain time), after the Comex floor trading operation was closed for the day. This is typically one of the lowest volume trading periods, during which orders to buy or sell can cause significant price disruption to the market. There were no news or events that would have triggered the sudden selling of bullion futures, and none of the other markets experienced unusual movements while gold and silver were quickly plunging in price. To put in perspective the 9,767 silver contracts sold in 15 minutes, the total trading volume in Comex silver for the 23-hour global trading period for Comex contracts ending at 5:00 p.m. on December 15th was 149,964 contracts, or an average of 6,520 contracts per hour. The only type of market participant that would dump almost 10,000 contracts in a 15-minute period is a seller who's only motivation is to push the price of silver as low as possible. One entity that can afford to use capital like this is the Federal Reserve, because the Fed can create its own capital for free using the printing press. In the background, the financial markets are becoming increasingly pressured by declines in emerging market currencies, insolvent sovereign governments–including here in the US–and perhaps a renewed derivatives crisis triggered by the collapse in the price of oil. The oil price decline could result in derivative problems larger than the subprime mortgage derivatives of the 2008 crisis. The downward manipulation of the prices of precious metals prevents the "crisis warning transmission system" from properly functioning. More important, the decline in the price of gold/silver vs. the U.S. dollar conveys the illusion that the dollar is strong at a time when, in fact, the dollar should be under pressure from the over-issuance of dollars and dollar-denominated debt. What we have been experiencing since the 2008 crisis is not only the subordination of US economic policy to the needs of banks "too big to fail," but also the subordination of law and the financial regulatory agencies to the interests of a few private banks. The manipulation of the bullion markets is illegal whether done by private parties or on public authority, and so we have the spectacle of the US government supporting a handful of banks via illegal means. Not only has economic accountability been set aside, but also legal accountability. Just as Washington places itself above laws prohibiting torture and naked aggression in order to conduct its self-declared "war on terror" and above the Constitution in order to construct a domestic police state, Washington places itself above the laws prohibiting market manipulation. Obviously, the government's claim to represent the rule of law is as false as all its other claims. The foul stench of corruption and hypocrisy that emanates from Washington is the smell of a dying country. | |
| "Now Is A Good Time" To <b>Buy Gold</b> - Fidelity Investments - GoldCore <b>...</b> Posted: 13 Nov 2014 03:55 AM PST Joe Wickwire, research analyst and portfolio manager at Fidelity investments, presented some very grounded, reasonable arguments as to why one should buy gold at the LBMA Precious Metals Conference in Lima, Peru which concluded on Tuesday.
Fidelity Investments are a largely family owned mutual fund and financial services company. It is one of the largest mutual fund and financial services groups in the world. Founded in 1946, the company has since served North American investors. This year they were voted best investment company in an online broker review by Stockbroker.com. They have gradually moved up in the rankings from eighth place in 2011. They currently manage a massive $2 trillion worth of assets. Gold is a diversification and makes up only a small proportion of their overall assets. Thus their pronouncements concerning gold can be regarded as independent. "I believe that now is a good time to take advantage of the negative sentiment short-term trading sentiment", Wickwire said as reported by the Bullion Desk:
He emphasised that, while precious metals may respond to market volatility in the short term, in the longer term the fundamentals are sound. As many as 40% of mining companies cannot turn a profit with prices below $1250. We can extrapolate therefore that if prices do not rise from where they now languish ($1163) many mining companies will fold. This would lead to a supply crunch and consequent rising prices. Mr. Wickwire reviewed the conditions behind the surge in gold price from 2001 – 2008 and concluded that similar dynamics are currently in operation. "Today is quite similar – there are negative real interest rates, while countries are using currency as a policy tool to support nominal growth at the expense of real growth. And on top of that, supply from the gold industry is starting to come down." He emphasised the importance of owning gold as a form of financial insurance and concluded We agree that in the long term gold acts as a counterbalance to and a hedge against market volatility. To fret over declines in price is to miss the point. Holding an allocation of physical gold as a proportion of one's portfolio ensures that, if and when faith in paper and digital assets declines and counterparty and systemic risk returns, one is hedged and ones wealth is protected. This is the whole point of owning gold bullion. As always we advise owning gold in allocated gold accounts in vaults in the safest jurisdictions in the world such as Singapore and Switzerland. Get Breaking News and Updates on the Gold Market Here MARKET UPDATE Gold for immediate delivery lost 0.1% to $1,162.60/oz in late morning trade in London. It reached $1,132.16 last Friday, November 7, the lowest since April 2010.
Futures trading volume was more than double the average for the past 100 days for this time of day, data compiled by Bloomberg show. Global bullion demand declined 2.5% from a year earlier to 929.3 metric tons in the third quarter, the lowest since the last quarter of 2009, the London-based World Gold Council said in a report today. Jewelry consumption slipped 4%, while bar and coin purchases dropped 21%, it said. Although questions are being asked about the Chinese demand data as it appears to only view Chinese demand through the rather narrow prism of Hong Kong exports to China. However, today China is importing huge volumes of gold bullion from all over the world and therefore deliveries on the Shanghai Gold Exchange are a much better benchmark of real Chinese demand. Holdings in gold exchange traded funds fell 4 tons to 1,620 tons yesterday, remaining at the lowest in more than five years due to poor sentiment and weak hand selling. Holdings in the world's largest gold backed exchange-traded fund, SPDR Gold Shares, fell 1.8 tonnes to 722.67 tonnes on Wednesday. This is the seventh straight day of declines.
A small amount of the ETF liquidations are by investors concerned about the return of the Eurozone debt crisis, geopolitical risk and systemic risk and opting for the safety of allocated and segregated gold bullion coins and bars. Some support was offered by buying of physical gold bullion in China overnight, dealers told Reuters. Buy Gold Bars at the Lowest Prices and in the Safest Way Zero Premium Gold, a new low cost and safer gold investment, has been launched today. It allows investors internationally to invest in physical gold bars at the lowest prices in the market. Investors can now own gold bars at a record low premium of just 0% which is at the live market spot gold price. High charges or premiums for gold bars have made investors wary of physical gold bars in the past and led to the success of online gold account providers with pooled allocated accounts and gold exchange traded funds (ETFs). Zero Premium Gold is as cost effective as gold ETFs and other gold investment vehicles with the added security of outright ownership of the underlying physical asset. | |
| Assets in biggest <b>gold bullion</b> ETF tumble most since last year - GATA Posted: 24 Dec 2014 09:29 AM PST By Millie Munshi and Phoebe Sedgman Investors in the world's biggest exchange-traded product backed by bullion sold the most gold in 18 months as the U.S. economic recovery cut demand for a haven. Holdings in the SPDR Gold Trust fell 1.6 percent yesterday to 712.9 metric tons, the biggest drop since June 2013. Assets declined to the smallest since September 2008. ... ... For the remainder of the report: http://www.bloomberg.com/news/2014-12-24/gold-assets-in-biggest-bullion-... ADVERTISEMENT Get a FREE silver round JUST for being a GATA Dispatch reader! MoneyMetals.com, a low-cost provider of gold and silver coins, rounds, and bars with more than 35,000 customers throughout the United States, proudly supports GATA. In fact, Moneymetals.com will send every GATA supporter in the United States a FREE silver round with no obligation and no solicitations from pushy salesmen. To get your free silver round, go to MoneyMetals.com and type "GATA" in the radio box at the top of the page. Provide your U.S. mailing address so MoneyMetals.com can ship you your free silver round and your e-mail address so MoneyMetals.com can send you educational material and news alerts about the monetary metals. That's all. Do it now, because every week MoneyMetals.com will pick one person at random from its mailing list to win free gold. So go to -- -- and type "GATA" in the radio box at the top of the page. Join GATA here: Vancouver Resource Investment Conference http://cambridgehouse.com/event/33/vancouver-resource-investment-confere... * * * Support GATA by purchasing recordings of the proceedings of the 2014 New Orleans Investment Conference: https://jeffersoncompanies.com/landing/2014-av-powell Or by purchasing DVDs of GATA's London conference in August 2011 or GATA's Dawson City conference in August 2006: http://www.goldrush21.com/order.html Or by purchasing a colorful GATA T-shirt: Or a colorful poster of GATA's full-page ad in The Wall Street Journal on January 31, 2009: http://gata.org/node/wallstreetjournal Help keep GATA going GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at: To contribute to GATA, please visit: |
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Epic research Commodity Tips : SELL GOLD BELOW 27895 TGT 27865, 27825,27775 SL ABOVE 27951.
Gold held near its lowest level in eight months pressured by expectations that the Federal Reserve will raise interest rates this year.