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GFMS blows hot and cold on gold

The latest GFMS Gold Survey Update taking Q2 figures into account doesn’t make for particularly positive reading for the gold investor in terms of fundamentals, but nevertheless the consultancy has upped its average gold price forecast for the year from what looks to have been a rather low estimate of $1,184/ounce to what might seem a still relatively conservative $1,279/ounce.  1,081 more words

Lawrie's Original Articles

Notes From Underground: FOMC,BOJ, GDP ... It's All Alphabet Soup to Me

On Wednesday, the FOMC left its interest rate policy in tact as it awaits more data before deciding to change interest rates. The FOMC statement wanted to reflect some underlying hawkishness but the market is reticent to accept the veracity of Fed releases. 694 more words


Harga Emas Lanjutkan Penguatannya Setelah Fed Mempertahankan Suku Bunga Acuan

Monexnews – Harga emas memperpanjang kenaikan diatas $1,330/onz pada hari Rabu setelah Federal Reservemeninggalkan suku bunga tidak berubah yang sesuai perkiraan dan dollar memangkas penguatannya terhadap sekeranjang mata uang utama. 92 more words


Another significant sale from GLD - but gold price little moved.

Gold Today –Gold closed in New York at $1,319.80 on Tuesday after Monday’s close at $1,314.10.  

Independent Analyis

Gold sitting on support – so far.

A shortened, updated and edited version of Julian Phillips’ commentary for Tuesday which was delayed from reaching us for technical reasons.

Shanghai prices have been higher than in New York, after gold was sold from the SPDR gold ETF , and London followed Shanghai’s prices, so at this stage we conclude that New York prices were considered to have been marked down too far. 409 more words

Independent Analyis

Notes From Underground: "Jane, I Tell You It's Always Something" (Rosanne Rosannadana)

In a tribute to one of the great comediennes of modern times–and no I am not being RIDICULOUS–the FED meeting will result in an homage to the early cast of Saturday Night Live. 280 more words