PAMP Suisse 1 oz. Gold Bar
This gold bar has been manufactured by manufacturing leader PAMP Suisse and contains 1 full oz.of .9999 fine gold. This bar comes accompanied by an assay card that guarantees the weight and purity. The packaging that this gold bar is sealed in is tamper-resistant and makes for an easy way to tell if the bar has been handled.
Design of this 1 oz. PAMP Suisse Gold Bar
The obverse of this bar features the word, "SUISSE," in a diagonal, repeating pattern. The reverse of this bar contains the PAMP Suisse logo, weight, purity, and an unique serial number.
Why add this 1 oz. PAMP Suisse Gold Bar to your stack?
This gold bar is manufactured by a trusted leader in the industry and is further insured by its sealed packaging, assay certificate, and specifications inscribed on the bar. If you want to add a hefty piece of gold to your stack, this would be a great option!
|Weight in Grams:||31.1 g|
|Weight in Ounces:||1 oz|
If we look at October and November open interest, we see small quantities as these two months are not considered big delivery months. December will be the next big delivery month and, as of Thursday morning, December showed an open interest figure of 394,226 contracts equaling 39,422,600 troy ounces of gold.
I’m told that 60 percent of the world’s gold activity is conducted in London. How are your gold stacks in comparison?
Today’s Fedwatch Tool shows a 15 pct. chance of a rate hike being announced on Wednesday.
Many Wall Street traders are calling for the chairlady to impose a gag order on all Fed members as their continued comments only cause unnecessary volatility in the markets. I can’t agree more. Let the minutes of the Fed meetings speak for themselves.
As of this writing, fully one quarter of all global bonds are offering negative yields. Many experts are openly predicting a steady march of $1,500 per ounce over the next six months.
Now with no pending news for the market to digest, I expect gold to trade in a tight range again at these levels.
If this pattern continues gold will be under strong pressure to the downside no matter how much of an inflow we see into the ETF funds.
When you look at all the issues at hand around the world, the picture is not a pretty one
These comments give the gold market sell signals and chases any nervous long-term investors from holding on to their positions.
Higher oil prices fueling the inflation figures giving some at the Fed some ammo to consider a rate hike sooner than later.
I believe the rally in silver will lose some steam and test the $17.00 level this week.
Silver trying to build a base above the $16.00 level, hoping also that any pullback in this price would be viewed also as a buying opportunity like her big sister gold seems to be enjoying.
Profit taking also seen in the gold ETF overnight as seen in strong outflows in the gold fund position. Interesting though silver ETFs enjoys new highs as retail investors seem to be more attracted to silver over gold.
The good news is the ETF funds continue to see more and more inflows and now the holdings are above 58 million ounces.
Are we really this gullible?
At the time of this report (5am eastern, as I head into New York City to visit a few clients), we see a slightly stronger dollar ahead of the Fed meeting March 15-16.
Over the years, the word inflation was synonymous with higher gold prices, but in my opinion negative interest rates will have a much more profound effect on the price of gold. As an investor, why would anyone want to pay the bank to hold their money.
I wanted to share his comments with each one of you so you can hear from other sources on how damaging negative interest rates could be. These comments only add fuel to the momentum that has been created by ETF purchases from the beginning of the year.
On our shores, the Federal Reserve governors continue to send out mixed signals every time they share their opinions. This policy continues to create a smoke screen for the investor on the possibility of future rate decisions.
Is there a pattern developing here? We will see.
We need and demand orderly markets in order to attract investment. These crazy comments bring uncertainties to all markets and chase folks from investing in them.
Silver holding her head above water, rallying to $14.495 overnight in the March contract. With the lack of available one thousand oz. bars on the street, we have seen premiums increasing. The question remains, is this a indication of things to come as CME warehouse stocks continue to decline?
So we have a stalemate.
The longer gold stays in a trading range the more likely it will have a spring effect (or as they say) I expect a short covering rally.
This article will discuss the differences in buying physical gold and ETFs. Some see it as a buying opportunity I guess, with the price of gold consolidating at these current levels.
PGMs are extremely oversold. and as with any rally in the Gold and Silver market, we expect they will follow along. Otherwise it’s the same old story.
If the gold market is in a Contango, future price condition means that physical gold is attainable for the most part, and a backwardation will indicate a tightening of supply. The spot price in a backwardated market will have no limits and can trade in large differences to the future months until the metal becomes more available.
The big picture on Gold shows that we have been ratcheting down over recent years, with spurts of falling prices followed by rally attempts that fail to last more than 2-4 months. I continue to look for lower prices.