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Perth Mint and U.S. Mint See Higher January Gold Sales
Today’s AM fix was USD 1,246.50, EUR 922.58 and GBP 762.39 per ounce.
Friday’s AM fix was USD 1,246.50, EUR 920.54 and GBP 757.34 per ounce.
Gold rose $1.90 or 0.15% Friday to $1,244.90/oz. Silver fell $0.04 or
0.21% to $19.16/oz. Gold and silver were down 1.85% and 3.97% for the
week.
Gold is marginally lower in all major currencies today except
sterling which has weakened due to concerns that the Bank of England
will continue its ultra loose monetary policies. Gold ticked higher in
Asia prior to price falls.
Gold in U.S. Dollars - (Bloomberg)
Gold rose 3.2% in January, its first monthly advance in five, as
concerns about emerging markets and the Fed’s tapering led to declines
in stock markets and safe haven buying.
Australia’s Perth Mint, which refines most of the bullion from the
world’s second-biggest producer, joined the U.S. Mint in reporting gold
demand climbed in January. Sales of coins and the increasingly popular
minted gold bars at the Perth Mint increased 10% to 64,818 ounces last
month from 58,944 ounces in December. The mint sold 912,388 ounces of
silver compared with 845,941 ounces in December, it said.
Sales of gold coins by the U.S. Mint rose 63% in January to the
highest since April. Sales climbed to 91,500 ounces from 56,000 ounces
in December, while sales of silver coins almost tripled to 4.78 million
ounces, the highest in a year, the data showed.
Part of the reason for the surge in demand is due to dealers
restocking inventories and due to collector demand for the newly minted
2014 coins.
Austria’s Muenze Oesterreich AG is running 24 hours a day to meet a
surge in demand on behalf of investors - particularly in Germany which
continues to be Europe’s largest buyer of gold.
Find out why Singapore is now one of the safest places in the world to store gold in our latest gold guide - Essential Guide To Storing Gold In Singapore
»
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Cool it on raggin' people for being "mentally disabled vets"....there's a whole lot of them and why not call dopes dopes or Bozos (Groucho: "That's MISTER Bozo to you)...
Singapore, safe? I dont think so.
Sitting on a financial and housing bubble.
ONe part state controlled by a single family whose patriarch is nearing his final days.
Bubbling up social pressure and revolt from 30%muslim and indian population.
Completely dependent on Malaysia and indonesia for its food and water
No nearby allies
Corrupt judiciary, totalitarian state
I would look carefully beneath appearances before blindly trusting my money to Singapore.
Singapore Dissident
Chinese Gold Rush Heating Up
We have another very important confirmation of the strong demand from China for physical Gold in 2014. With today's move above $1265 Gold needs to clear $1270 for the clean break out and massive short squeeze.http://sufiy.blogspot.co.uk/2014/02/chinese-gold-rush-heating-up-mux-tnr...
It was those 2 kangaroos I bought that put them over the top.
My ANA dealer says Ag will be a better investment he thinks it will do better % wise than Au, although he also holds some Au.
Who knows?
Keep stackin!
Gold. Looks. Bullish.
Any good technician can tell you that now that gold had a strong January, it remains bullish. It tested lows and rebounded. That is testimony enough, especially in the face of a dropping stock market.
Get ready for the next leg people. It's here.
try again, 2nd post to you:
weekly chart say this!
Ever since the start of 2014, the yellow metal has started rather well to move higher. However, the steam to go higher seems to have reached a stalling momentum. Succession of higher high stopped as we approached the end of January. Gold will be vulnerable to selling in the next few weeks once support breaks $ 1238 and $ 1228. A revisit at $ 1180 is not out of the question if $ 1200 fails to hold. It remain possible to reach as low as $ 1125 or beyond that at $ 1040. The weekly downtrend remains solid, with a rebound as an opportunity to sell further.
objective analysis contradicts your book. come on, think for yourself. sell your books on amazon...
Premium GOLD skyrockets, ... fools are coming back to pay +30% premiums for GOLD.
Yeh, right I always buy raw bar gold 5,10 tael, and pay NO premium.
Why pay premium? When you go to sell the GOLD they only pay you back in $$$ the 'bar' price.
*
These guy's wish the fools were coming back, IMHO the fools lost all their money a long time ago.
Pick and choose your reference point so your propaganda looks good;
Sales of the U.S. Mint's American Eagle gold coins fell 40 percent year-on-year in January
http://www.mineweb.com/mineweb/content/en/mineweb-fast-news?oid=227640&s...
...or, one might say that's 91,000/oz no longer available for delivery. Seems like progress to me.
weekly chart say:
Ever since the start of 2014, the yellow metal has started rather well to move higher. However, the steam to go higher seems to have reached a stalling momentum. Succession of higher high stopped as we approached the end of January. Gold will be vulnerable to selling in the next few weeks once support breaks $ 1238 and $ 1228. A revisit at $ 1180 is not out of the question if $ 1200 fails to hold. It remain possible to reach as low as $ 1125 or beyond that at $ 1040. The weekly downtrend remains solid, with a rebound as an opportunity to sell further.
buyer beware. manipulated suckers rally with a backdrop of defaltion.
jmfo
that dollar is gonna soar.
this is starting to look like 1983 to me...
"all eyes on Beirut."
"this time we get to shoot back."
WTF are you trying to say?
Are you a mentally disabled vet bot ?
When ABC-Media tells you they have a wide net, they mean it, the mentally disabled vet needs to place to go vent also and generate 'clicks'.