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MCX Gold-Silver Major Update By Neal Bhai MFA Technical Analyst

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Gold Spot Report : Just Keep Eye on $1308 Level……(Nothing else ) Hold and close above, We Blast to 1318——1324+++++ Strong Support at $1282————$1274. GOLD MCX REPORT MCX Gold — Above 30324 level, If trades and closes, We See Blast 31545—— If Hold above 31610, Non Stop Really Start 31910——32274 …

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Gold Inching Higher on Minor Short—Covering, Bargain Hunting and Capital Flight Problems in India

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Gold Silver Reports (GSR) – Gold inching higher on minor short-covering, bargain hunting and capital flight problems in India — Gold inched back toward the $1300 level in early U.S. trading today – up $2.00 at $1299. Silver is up 17¢ at $16.68. The timing on the upticks, coincident the last few days with the COMEX open, gives the appearance of some minor short-covering, but it remains to be seen if it indicates a more conclusive turn among the big speculators.

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Gold Market Could be Using the Technology Behind Cryptocurrencies

Gold Market Could be Using the Technology Behind Cryptocurrencies

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Gold Silver Reports (GSR)  – Gold Market Could be Using the Technology Behind Cryptocurrencies — The London Bullion Market Association last week closed an invitation for submissions of ideas for how to track the metal as it’s dug out of remote mines, traded by middlemen and sold on to buyers scattered around the world. While the LBMA didn’t stipulate what form the system would take, most of the 25 respondents incorporated distributed-ledger technology in their proposals.

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Sabina Gold & Silver Reports Final Results From Spring Drill Program

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Gold Silver Reports (GSR) – Sabina Gold & Silver Reports Final Results From Spring Drill Program – A spring exploration drill program of 6,033 meters in 10 drill holes at six target areas on the Goose property was completed during early May. Drilling successfully tested target areas in and around existing mineral resources at the Llama and Umwelt deposits and stand-alone exploration targets outside of the known resource areas.   

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India Gold Imports Are Said to Have Slumped for Fifth Month

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Gold Silver Reports (GSR) – India Gold Imports Are Said to Have Slumped for Fifth Month — India’s gold imports shrank 39% in May, according to a person familiar with the information, the fifth month of decline as the world’s second-largest consumer enters a seasonally weak period for demand. Imports contracted to 77.6 tonnes from 126.2 tonnes a year earlier, the person said, asking not to be identified as the figures aren’t public. The purchases exceeded the 52.7 tonnes in April and are the highest so far this year.

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