Saturday, October 6 2018

Gold/Silver - Futures - COTs - Commitment of Traders

COTs this week

Continue reading...

Friday, October 5 2018

In Gold We Trust Chartbook

Charts from the 2018 presentation

Continue reading...

Advocacy Group Raises Questions About Cambodia's Gold Imports

Cambodia imported about $15 billion worth of gold during five years from Singapore, according to government statistics compiled by nongovernmental organization Mother Nature Cambodia — a figure so large, corruption monitor groups say it raises alarms about potential financial crimes, particularly smuggling.

Continue reading...

Wednesday, October 3 2018

Perth Mint Coin Sales

Perth Mint sales for September

Continue reading...

Tuesday, October 2 2018

LBMA Clearing and Vaulting data reveal the absurdity of the London 'Gold' Market

On a monthly basis, the London Gold Market looks to be trading about 130,000 tonnes of gold (assuming 22 trading days per month). On an annualised basis, the 189 million ounces (5880 tonnes) of gold traded each day in London (based on the August clearing figures and a 10 to 1 trading multiple) and assuming 250 trading days in a year, would imply that 47.25 billion ounces of gold are traded each year in the London OTC gold market, or 1.47 million tonnes of gold.

But importantly, the London Gold Market, along with COMEX are the two most influential trading venues for gold price discovery and for establishing the international gold price, even though the trading in both venues is far removed from trading physical gold.

Continue reading...

Scotiabank to pay $800,000 to settle U.S. CFTC charges

Canada’s Bank of Nova Scotia (Scotiabank) will pay $800,000 to settle charges filed by the U.S. Commodity Futures Trading Commission that it engaged in spoofing in gold and silver futures contracts, the CFTC said on Monday.

Continue reading...

Monday, October 1 2018

Central Bank Gold Buying Hits Highest Level in Six Years

Central banks have emerged as some of the biggest buyers of gold this year, with purchases hitting their highest level in six years, according to analysts at Macquarie.

Central banks have bought a total of 264 tonnes of gold this year, "by far the most at this stage of the year of any period in the last six years," the bank said.

While gold buying has been dominated by Russia, Turkey, and Kazakhstan, Poland also bought gold for the first time since 1998, Macquarie said.

Continue reading...

US Mint Coin Sales

US Mint coin sales for September

Continue reading...

Saturday, September 29 2018

Transparent Precious Metal Holdings - Gold/Silver

Flows this week

Continue reading...

Gold/Silver - Futures - COTs - Commitment of Traders

COTs this week

Continue reading...

Gold's Bottom Could Be Investors' Lost Treasure

Get ready, gold bulls: The precious metal could be close to finding a bottom.

Continue reading...

Tuesday, September 25 2018

Canada's Barrick Gold to buy Randgold for $6.5 billion in all-stock deal

Canada’s Barrick Gold Corp has agreed to buy Randgold Resources Ltd in an all-stock deal valuing the Africa-focused miner at $6.5 billion, to create the world’s largest gold producer in an industry under investor pressure to put capital to good use.

The new Barrick company, which will be listed in New York and Toronto, will own five of the world’s 10 lowest cost gold mines and have market value of $19.4 billion based on Monday trading. That would make it the world’s biggest gold miner by market capitalization, overtaking Newmont Mining Corp, according to Reuters calculations.

Continue reading...

Monday, September 24 2018

Gold Has Been Behaving Strangely, Here’s Why

Lately, gold has been "sticky" upwards, shrugging off dollar declines but has dropped dramatically whenever the dollar rises even a little bit.

Continue reading...

Bank of America Sees Gold Soaring Above $1,300 on Fiscal Deficit

Gold is set to surge over the next year as concerns deepen about the widening U.S. budget deficit and a tariff-driven trade war starts to damage the country’s economy, according to Bank of America Merrill Lynch.

Continue reading...

Switzerland Gold Imports & Exports

Swiss flows for August

Continue reading...

Sunday, September 23 2018

Barrick Gold, Randgold Said to Be in Advanced Merger Talks

Barrick Gold Corp. is said to be in advanced negotiations to merge its operations with Africa-focused rival Randgold Resources Ltd., protecting the Toronto-based miner’s crown as the world’s largest producer of the metal.

Continue reading...

A change in central bank attitudes to gold

This is a major structural change in global central bank attitudes towards gold after decades of selling. Clearly the policy shift to maintaining stable gold holdings reflects broad central bank concerns about financial markets and geopolitics. With little in the current global economic and political environment to support any reason to change in this conservative position, it should provide long-term underlying support to gold prices.

Continue reading...

Saturday, September 22 2018

Transparent Precious Metal Holdings - Gold/Silver

Flows this week

Continue reading...

Gold/Silver - Futures - COTs - Commitment of Traders

COTs this week

Continue reading...

Paulson, Burned by Gold Slump, Forms Council to Prod Miners

After almost a year of behind-the-scenes work, billionaire hedge-fund manager John Paulson has formed a coalition with 15 other investors aimed at curbing years of what his fund has called value destruction in the gold sector.

The group intends to ensure the management and boards of mining companies are aligned with shareholder interests, he said. The group will meet periodically to address a number of issues and will be funded by members.

Continue reading...

- page 2 of 263 -