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MattFC

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  1. Sorry couldn't resist posting this.. To add a bit of flare to you online trading activities, a gold bullion wireless mouse:- gold-bullion-wireless-mouse
  2. Just to note, GM segregated accounts (for GBP in any event) are held with RBS International. I am pretty sure you don't have the 50k FSA (UK) backing
  3. this is where you thank the paper market for a physical market buying opportunity! That said.. Goldmoney never seems to reflect the price on fast movements still showing $836
  4. I stand corrected.. had just seen the newsflash which didn't initially mention the co-ordinated element.. hanace thought it was UK only
  5. recovering very fast.. back to 905
  6. GBP up against USD also.. this is counter intuative
  7. Too late to queue now.. they only have a single 1oz Gold Philamonika as of 13:30 today (for £560).. no others products either like bullion bars
  8. Dubai gold refiner seeking role as a 'mini-bullion bank' Source: BI-ME and Reuters , Author: BI-ME staff Posted: 29-09-2008 Back Email Print RSS Feeds UAE. Al Ghurair Giga Gold, one of two major refiners in the fast-growing Dubai gold market, has begun building a trading team to help it become a “mini-bullion bank” as soon as next year, a top executive said yesterday. The refinery, launched in 2004 as a venture between the prominent Al Ghurair family and Pakistan conglomerate Giga Group, is also embarking on a search for mined gold supply in West Africa, balancing out its heavy reliance on recycled gold in Dubai, General Manager Corey Keller said in an interview for Reuters. Al Ghurair Giga has already started putting together its trading team internally and hopes to be offering brokerage services by the end of next year, he said. “We’re building a mini-bullion bank within our facility,” Keller, who joined the company in January, said on the sidelines of the London Bullion Market Association’s annual conference. “We want to generate more income beyond pure refining.” He declined to say how big he expected the trading team to be or when it might be fully in place, but said he expected the group to be a viable competitor to the major global players who currently dominate large-scale spot trade in Dubai. Global gold trading giants including ScotiaMocatta, the precious metals trading arm of Canada’s Bank of Nova Scotia, Britain’s HSBC Holdings and South Africa’s Standard Bank are already active in the Gulf. Keller said Al Ghurair Giga Gold, which operates as part of the Dubai Metals and Commodities Centre (DMCC), had no intention of seeking seats on any of the major global gold exchanges or trading in London for now, but saw plenty of scope to grow in a region that has a rich history in the bullion trade. Dubai has in recent years joined the club of a major gold trading centres such as London, New York and Hong Kong thanks to proximity to the world’s biggest gold consumer, India, and an aggressive drive to become a regional commodities hub.
  9. Has anyone else notice that goldmoney is not showing the current rates.. still stuck at $887, and not changing, makes me wonder whether they have some kind of manual spike checking routine
  10. No shortage.. suspect they just want to hold on at the moment and wait for the gains.. to cheap to give away!
  11. looking like good value to the miners Global gold hedgebook cut by 16 pct in Q2-Fortis Visit My Websitehttp://www.reuters.com/article/marketsNews/idCAL712123820080807?rpc=44 LONDON, Aug 7 (Reuters) - Gold miners cut their hedging positions by 16 percent in the second quarter of 2008, but the dehedging rate is expected to slow significantly in the remainder of the year, a report said on Thursday. Miners bought back 3.5 million ounces of hedged gold in the second quarter, bringing the total global hedgebook to 18.7 million ounces, it said. Anglogold Ashanti (ANGJ.J: Quote, Profile, Research, Stock Buzz), the world's third largest gold miner, led the dehedging, buying back 2.7 million ounces of gold in the second quarter. Thirty other companies also cut their hedgebooks during the quarter, by a combined 800,000 ounces. Sino Mining (SGX.AX: Quote, Profile, Research, Stock Buzz), Barrick (ABX.TO: Quote, Profile, Research, Stock Buzz), Newcrest (NCM.AX: Quote, Profile, Research, Stock Buzz) and Lihir/Equigold (LGL.AX: Quote, Profile, Research, Stock Buzz) all cut their positions by more than 100,000 ounces. The quarterly report, produced by VM Group and Haliburton Mineral Services and sponsored by Fortis Bank, said it expects dehedging to tail off in the remainder of the year, with second-half dehedging expected to reach only 2-4 million ounces. Anglogold Ashanti has only 800,000 ounces of the dehedging programme it announced in the second quarter still to complete, it said. "Anglogold Ashanti's enormous second-quarter dehedge means the global total has fallen sharply," said Matthew Turner, VM Group analyst and author of the report. "However, as most of their dehedging programme is now completed, barring any big surprises from them or other companies, the rate of global dehedging will slow sharply from now on." Hedging allows producers to lock in prices for future output, but it can backfire if metals prices rise above the hedged price
  12. Re platinum as a catalyst see http://www.greenenergyinvestors.com/index.php?showtopic=3922
  13. 13:30 BST I think useful site.. updated each week http://www.todayfx.com/calendar.html
  14. However its still finding it harder to recover than silver (bottomed at about 16.85, back to 17.40)
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