Author: Lawrence Williams

Is silver leading the way forward for gold?

Is silver leading the way forward for gold? by Julian D.W. Phillips – Lawrie on Gold Gold Today –New York closed at $1,267.00 yesterday after closing at $1,256.10 yesterday.London opened at $1,263.00 today.  Overall the dollar was weaker against global currencies, early...

Gold and silver moving up, China taking control?

Gold and silver moving up, China taking control?

Please note that the Shanghai Fixes are for 1 gm of gold. From the Middle Eat eastward metric measurements are used against 0.9999 quality gold. The difference between New York’s close and Shanghai’s gold prices  is gaining momentum. Yesterday and...

Barrick’s Third Largest Gold Mine Suspended ‘Indefinitely’

Barrick’s Third Largest Gold Mine Suspended ‘Indefinitely’

Summary The leakage of cyanide-bearing solution at Veladero, Barrick’s third largest gold mine, has caused its so-called ‘indefinite’ suspension. The Argentinean Environment Minister has called Provincial officials to implement criminal proceedings with respect to the incident. The event occurred almost...

LAWRIE WILLIAMS: Central bank gold buying – what the media reports don’t really tell you

LAWRIE WILLIAMS: Central bank gold buying – what the media reports don’t really tell you

There’s been a fair amount of media coverage of the reduction in net central bank gold purchases seen so far this year, but the writers of these seem to treat all central banks as one.  The implied suggestion as a...

Have We Reached Peak Gold?

Have We Reached Peak Gold?

Gold is one of the rarest elements in the world, making up roughly 0.003 parts per million of the earth’s crust. (For some perspective, one part per million, when converted into time, is equivalent to one minute in two years....

Chinese gold demand hugely down on a year ago

Chinese gold demand hugely down on a year ago

The Shanghai Gold Exchange (SGE) has just announced its latest monthly gold withdrawals figure for July, which came to 117.6 tonnes, making withdrawals for the year to end July 1,090.7 tonnes, suggesting a full year total of perhaps north of...

Gold Is Just Getting Warmed Up

It’s been a stellar six months for gold investors. The yellow metal has surged 28 percent year-to-date, its best first half of the year since 1974. And now there are signs that the rally is just getting started. That’s the...

This is what gold’s top tipster is saying about prices

This is what gold’s top tipster is saying about prices

Gold’s top forecaster, who in February abandoned her bearish outlook to correctly call bullion’s surge, sees more gains in store before prices taper off by year-end. The metal will climb to $1,425 an ounce by the end of September, 4.4%...

China can and will confiscate gold when it suits it

China can and will confiscate gold when it suits it

by Julian Phillips By far the greater bulk of gold owned in China is under the control of the Shanghai Gold Exchange and it is controlled by the Chinese Central Bank, the People’s Bank of China. Should China wish to...

Asia Pushing Gold Higher and Silver’s on a Roll

Asia Pushing Gold Higher and Silver’s on a Roll

Trading overnight on the Shanghai Gold Exchange (SGE) served to give the gold price a boost overnight last night.  The SGE’s am benchmark fix came in at the equivalent of US$1329.05 an ounce, around $10 higher than it had been...