Friday, June 20, 2014
Weekend Chillout - Lighting a Fire
Late this week the Gold and Silver prices caught a fire, but we wait in anticipation of a washout going into Friday's NY COMEX close, will we hold $1300 and $20?
Fixing the Gold Fix
From ABC TV
Tensions in Iraq and Ukraine may have seen gold rally of late, but the yellow metal is still well-down on the highs of 2011. Gold's reputation has also been tarnished by accusations that the global benchmark pricing system known as the 'fix' is open to manipulation. But now the World Gold Council is stepping in to bring some credibility back to the precious metal.
Tensions in Iraq and Ukraine may have seen gold rally of late, but the yellow metal is still well-down on the highs of 2011. Gold's reputation has also been tarnished by accusations that the global benchmark pricing system known as the 'fix' is open to manipulation. But now the World Gold Council is stepping in to bring some credibility back to the precious metal.
click on image to access video
Gold Blows Through $1300 Silver $20
The gold and silver markets have continued on their tear overnight with gold now up 3.2% and silver up over 5% during NY COMEX trading.
From Kitco NEWS
Gold Spikes on 500 Million Dollar Purchase
Looks like a big player has decided to pull the trigger and dropped half a billion US$ on the gold market, causing a 1.5% spike in gold and 2% spike in the more volatile silver.
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