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LBMA: Gold Ounces Transferred Daily Rises In April; Silver Volume Falls
Gold Latest Articles

LBMA: Gold Ounces Transferred Daily Rises In April; Silver Volume Falls

The amount of gold transferred between accounts of London Bullion Market Association members rose during April, while silver volume fell, the organization reported Friday. The LBMA releases clearing statistics each month showing the net volume of gold and silver transferred between accounts of members, essentially providing a snapshot of the amount of trading activity. The […]

Gold ‘mother lode’ unearthed underground in Kambalda delivers $15 million in just four days
Gold Latest Articles Mining Top Stories

Gold ‘mother lode’ unearthed underground in Kambalda delivers $15 million in just four days

“Underground miners in outback Western Australia have unearthed rare gold specimens which geologists are calling a “once-in-a-lifetime discovery”.” “The largest specimen weighs in at 90 kilograms and took three men to lift it onto the back of a ute. The quartz rock is covered in an estimated 2,300 ounces of […]

Silver Commercial Traders Decide Now Is The Time To Massively Cut Short Positions
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Silver Commercial Traders Decide Now Is The Time To Massively Cut Short Positions

“…the net speculative position decreased by around 9,000 contracts in silver. At a negative 47,000 net-long position, silver speculators are the most bearish on silver in the report’s history.” “…the central bank of India bought gold for its reserves for the first time in a decade and the Mongolian central […]