Metals

BIS Gold Swaps Fell in September as Bank’s Substantial Trading Continued

by Robert Lambourne, Gold Seek: Active trading in gold swaps by the Bank for International Settlements, the central bank of the central banks, continued in September. From information in the BIS statement of account for the month,  published this week — https://www.bis.org/banking/balsheet/statofacc230930.pdf — it is estimated that the bank’s gold swaps fell 33 tonnes in […]

MIGRANTS LIVING ON THE STREETS AT RECORD HIGHS IN THE UK

by Harvey Organ, Harvey Organ Blog: GOLD CLOSED UP $6.55 TO $1985.90//SILVER WAS UP 4 CENTS TO $22.77//PLATINUM WAS UP $1.55 TO $926.50 WITH PALLADIUM UP $4.15 TO $1111.50//EXCELLENT GOLD COMMENTARIES TONIGHT FROM CHRIS POWELL OF GATA AND EGON VON GREYERZ//BANK OF ENGLAND KEEPS INTEREST RATES STEADY//WIND FARMS IN THE UK A TOTAL BUST//MIGRANTS LIVING […]

“Green Economy” Expected to Boost Silver Demand and Other Silver News

by Peter Schiff, Schiff Gold: Silver is expected to play a significant role as the “green economy” evolves. The Silver Institute recently participated in a panel discussion titled “Silver’s Role in the Green Economy” at the London Bullion Market Association’s Global Precious Metals Conference in Barcelona, Spain. This is one of several silver-related stories in the latest edition […]

CENTRAL BANKS CONTINUE TO GORGE ON PHYSICAL GOLD ACCUMULATION

by Harvey Organ, Harvey Organ Blog: GOLD CLOSED DOWN $6.15 TO $1979.35 WHILE SILVER CLOSED DOWN 11 CENTS TO $22.73 AS THE SPECS ADD MASSIVELY TO THEIR SHORT POSITION AND CENTRAL BANKS TAKE THE BUY SIDE AND THEN TAKING DELIVERY ESPECIALLY GOLD (800 TONNES THIS QUARTER//PLATINUM CLOSED DOWN $8.90 TO $924.95 WHILE PALLADIUM CLOSED DOWN […]