Tag Archive for Central Bank

Gold And Silver – Fundamentals Do Not Matter

Submitted by Michael Noonan – Edge Trader Plus Saturday  2 November 2013 If fundamentals mattered, gold and silver prices would be substantially higher.  They are not, and for a reason.  It is not hard to define what factors are influencing price, for they are political, even criminal under normal circumstances.  These factors are, in two words: central bankers. …

GoldSeek: Central Banks Favour Gold As Diversification – LBMA

Today’s AM fix was USD 1,332.25, EUR 983.14 and GBP 819.85 per ounce. Yesterday’s AM fix was USD 1,335.75, EUR 989.59 and GBP 827.30 per ounce Gold fell $8.20 or 0.93% yesterday, closing at $1,327.80/oz. Silver dropped $0.05 or 0.23%, closing at $21.72. Platinum fell $12.04 or 0.9% to $1,401.06/oz, while palladium slipped $6.25 or…