Nice action in NY trading overnight as traders covered short positions exposed with the price jump in gold over $1300 during earlier Sydney trading. Gold finished the COMEX session at $1336 or 3.33% up from the Friday close. Silver also provided smiles for long suffering Ag bugs with a strong pop above $20, with the COMEX closing at $20.51 - a massive 5.39% rise over the close on Friday.
July 19 (Bloomberg) -- Bloomberg News' Hans Nichols reports that the standoff between the U.S. and Russia is deepening as the White House refuses to confirm President Obama's commitment to a summit with Vladimir Putin that may now hang in the balance over Russia's handling of Edward Snowden's asylum request. He speaks on Bloomberg Television's "In The Loop." Gold has just spiked above $1300/oz on the Sydney / NY Globex market open. Current price is $1312 which is approx. 1.5% up on the Comex close last Friday. Interesting to see if gold can hold above $1300 during day. The London market trading session should be the make or break for this level.
London trader Andrew Maguire discusses the withdrawals from the LBMA gold market and the rush for private Gold and Silver storage outside of the banking system. Listen to the KWN interview here From RussiaToday Published on Jul 20, 2013 In this episode of the Keiser Report, Max Keiser and Stacy Herbert discuss the mass lobotomy that is the knitting needle of market manipulation to the brain; Ben Bernanke's Pepto Bismol talk as simulated fearlessness and the Department of Homeland Security (DHS) like wearing thirty seat belts. In the second half, Max talks to Wolf Richter of TestosteronePit.com, about the turmoil in the Real Estate Investment Trusts (REITs) market and about private equity and hedge funds buying up properties only to take those properties off the 'for sale' list and put them on the 'to rent' list. |
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