Gold

Gold Update: Gold Extends Early Losses To Trade Sharply Lower

By Jim Wyckoff

Comex gold futures prices are trading sharply lower and are setting fresh session lows in late-morning dealings Tuesday. The intensified selling pressure in gold comes as the U.S. dollar index has strengthened during the trading session. Most of the raw commodity sector Read more

“Short Squeeze” Fades in Precious Metals, Gold Miner Adds to Hedges, Contrarians Spot “Time to Buy”

London Gold Market Report

from Adrian Ash

BullionVault

Tues 21 May, 09:10 EST

“Short Squeeze” Fades in Precious Metals, Gold Miner Adds to Hedges, Contrarians Spot “Time to Buy” Read more

A.M. Kitco Metals Roundup: Gold Lower For 8th Session in a Row; Silver at 2.5-Year Low

By Jim Wyckoff

Comex gold futures are trading moderately lower but up from the overnight low Monday morning, the eighth trading day in a row of losses—marking the longest daily selling streak in four years. Meantime silver futures notched a more-than 2.5-year low overnight. Comex June gold last traded down $8.40 at $1,356.30 an ounce. Spot gold was last quoted down $2.10 at $1,358.50.  July Comex silver last traded down $0.687 at $21.665 an ounce. Read more

Fresh Plunge in Precious Metals “Natural” as Bearish Money Managers Hold “Upper Hand” Over Asian Household Buyers

London Gold Market Report

from Adrian Ash

BullionVault

Mon 20 May, 08:15 EST

Fresh Plunge in Precious Metals “Natural” as Bearish Money Managers Hold “Upper Hand” Over Asian Household Buyers Read more

UPDATE: Stronger Dollar, Technical Weakness Push Gold Futures To Six-Week Low

By Allen Sykora

A stronger U.S. dollar, continued exchange-traded-fund redemptions, worries about when the Federal Open Market Committee may scale back quantitative easing and technical factors are all weighing on U.S. gold futures.

The most-active June gold contract traded on the Comex division of the New York Mercantile Exchange is headed for its seventh straight down day. Read more

Pension Funds “Selling Gold ETFs”, Dollar Weakness Seen Offering “Only Hope” Short Term

London Gold Market Report

from Adrian Ash

BullionVault

Fri 17 May, 08:15 EST

Pension Funds “Selling Gold ETFs”, Dollar Weakness Seen Offering “Only Hope” Short Term Read more

Gold’s dichotomy: Investment demand plunges, but consumers keep buying

By Peter Koven

Today’s gold market is being defined by two trends: aggressive selling by investors in North America through exchange-traded funds, and aggressive buying by consumers in Asia.

But for now, the ETF investors are overwhelming everyone else.

Gold prices settled below US$1,390 an ounce on Thursday, and after five rough trading days in a row, they are approaching the lows that were reached during last month’s dramatic collapse. Read more

Surge in Retail Gold Demand “Outweighed by ETF Selling” as Far East Premiums Hit New Highs

London Gold Market Report

from Adrian Ash

BullionVault

Thurs 16 May, 08:10 EST

Surge in Retail Gold Demand “Outweighed by ETF Selling” as Far East Premiums Hit New Highs Read more

Soros Leads Gold-Stake Cuts Before Bear Market Drop

By Debarati Roy

Billionaire investor George Soros joined Northern Trust Corp. and BlackRock Inc. in cutting holdings of exchange-traded products backed by gold before a bear market in prices last month, while John Paulson maintained a stake that lost about $165 million in the first quarter. Read more

Ron Paul: Pessimistic on Washington, positive on gold

By Lawrence Williams

If the audience demographic at the Metals & Minerals Investment Conference in New York was that of the U.S. as a whole, former U.S. senator Ron Paul would be U.S. President today!  He was given a standing ovation by much of the audience at the beginning and end of his presentation and his speech Read more

Gold Prices Fall Through $1,400/Oz As Market Breaks Technical Chart Support

By Debbie Carlson

Gold prices fell through the psychologically important $1,400-an-ounce level during mid-morning North American trade on Wednesday, triggering some pre-placed sell orders.

At 11:22 a.m. EDT, Comex June gold futures were at $1,393.30 an ounce, down $31.20, and hit their lowest level since April 19. Read more

Precious Metals Hit 3-Week Lows, ETFs “Could Sell Another 250 Tonnes of Gold”

London Gold Market Report

fromBen Traynor

BullionVault

Wednesday 15 May 2013,08:15 EDT

Precious Metals Hit 3-Week Lows, ETFs “Could Sell Another 250 Tonnes of Gold”  Read more

P.M. Kitco Metals Roundup: Gold Ends Lower On Stronger U.S. Dollar, Surging Stock Markets

By Jim Wyckoff

Comex gold futures prices ended the U.S. day session moderately lower Tuesday, on bearish outside market forces—a stronger U.S. dollar index and weaker crude oil prices. Also, the near-term technical postures for both gold and silver remain firmly in the bearish camp. June Comex gold last traded down $9.50 at $1,425.00 an ounce. Read more

Christian battles the gold bulls – Fact and fiction in the gold market

By Lawrence Williams

In the opening keynote to the New York Metals and Mining Investment Conference, gold analyst and GATA bête noir, Jeff Christian, poured some cold water on to the largely gold-bullish audience.  Christian is the managing partner of CPM Group – a well respected firm of metals analysts with a special interest in precious metals – he is also known as being much more sceptical on the idea that gold is set to continue its strong rise of the past 12 years into the immediate future, Read more

FOCUS: Gold Sideways; ETF Outflows, Stocks Hurt; Physical Demand, Accommodation Help

By Allen Sykora

Continued exchange-traded-fund outflows, strong equities and U.S. dollar gains are limiting the upside for gold, while recently strong physical demand and continued central-bank accommodation are providing support.

As a result, gold has largely consolidated or moved sideways over the last few weeks, waiting for a fresh catalyst to break in either direction, analysts said. Read more

Stronger Dollar Means Gold”Has Lost Safe Haven Appeal”, But Sentiment “Has Turned Positive” in India

London Gold Market Report

fromBen Traynor

BullionVault

Tuesday 14 May 2013,07:30 EDT

Stronger Dollar Means Gold”Has Lost Safe Haven Appeal”, But Sentiment “Has Turned Positive” in India Read more

P.M. Kitco Metals Roundup: Gold Ends Slightly Lower On Bearish Outside Markets, Weak Technical Posture

By Jim Wyckoff

Comex gold futures prices ended the U.S. day session with slight losses Monday, on some mild follow-through technical selling pressure from sharp losses suffered late last week. The key outside markets were also in a bearish posture for the precious metals markets Monday, as the U.S. dollar index was firmer and crude oil prices were lower. June Comex gold last traded down $1.30 at $1,435.40 an ounce. Spot gold was last quoted down $11.70 at $1,437.00.  July Comex silver last traded up $0.047 at $23.705 an ounce. Read more

Gold futures head for third straight session decline Market weighs prospects of change to Fed’s monetary policy

By Myra P. Saefong and Barbara Kollmeyer

AN FRANCISCO (MarketWatch) — Prices for gold fell on Monday, as worries that the U.S. Federal Reserve will ease back on its easy monetary policy helped position the precious metal for a third straight session decline.

Gold for June delivery GCM3 -0.07%  fell $3.60, or 0.3%, to $1,433 an ounce on the Comex division of the New York Mercantile Exchange. Read more

Precious Metals Fall as US Dollar Holds Gains, India’sNew Import Restrictions “Could Cut Gold Imports by 50%”

London Gold Market Report

fromBen Traynor

BullionVault

Monday 13 May 2013,07:15 EDT

Precious Metals Fall as US Dollar Holds Gains, India’sNew Import Restrictions “Could Cut Gold Imports by 50%” Read more

Gold Survey: Split Views On Gold Price Direction Next Week – Survey Participants

By Debbie Carlson

Survey participants are divided on the price outlook for gold next week, with no one group capturing the majority of opinions, although nominally more participants see weaker prices.

In the Kitco News Gold Survey, out of 36 participants, 25 responded this week. Of those 25 participants, eight see prices up, while 11 see prices down Read more

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