Sydney Gold Traders pay great prices for your unwanted gold, silver, platinum and fine jewellery

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28-July-2015 Everyday Sydney Gold and Silver Prices

Gold Price $1502/oz, $48.29/g
Silver Price $19.99/oz, $0.64/g

Call us 02 9231 2535 or go to Sydney Gold Traders to find out more live gold and silver price. Or just bring your gold, silver , jewelry to Shop. Let us test and evaluate them for you.

Sydney Gold Traders pay great prices for your unwanted gold, silver, platinum and fine jewellery

Now check the price to see if you want to sell your things:

27-July-2015 Everyday Sydney Gold and Silver Prices

Gold Price $1505/oz, $48.38/g
Silver Price $20.05/oz, $0.64/g

Call us 02 9231 2535 or go to Sydney Gold Traders to find out more live gold and silver price. Or just bring your gold, silver , jewelry to Shop. Let us test and evaluate them for you.

GOLD and SILVER prices dropped to new 5 and 6-year lows respectively for US investors on Friday, falling as European stockmarkets lost earlier gains and commodity prices fell to new multi-year lows.

“Gold and silver remain dominated by expectations of US rate hikes,” says one bullion bank’s commodities team in a note.

“Gold has always had a dual nature as a currency and a commodity,” adds Matthew Turner at Australian bank Macquarie separately.

“At present it is not desired in either form. The Fed remains on course to raise rates, while physical markets are lacklustre.”

“To some people,” says Leon Westgate at Chinese-owned ICBC Standard Bank’s London office, “gold is either a pseudo-currency or pseudo religion.

“We view gold as somewhere to park your cash in moments of fear when you don’t know what else to do with it. [So] we believe that gold will likely remain in a bear market going into H2 2015, mainly as a result the continuing lacklustre…environment.”

Crude oil meantime fell further below $50 per barrel in London trade, with copper – to which silver prices correlate when not tracking gold so closely – falling to new 6-year lows.

“Ultimately,” says this week’s analysis from London-HQ’ed consultancy Metals Focus – looking at the People’s Bank of China’s gold bullion reserves update last Friday – “we believe continued Chinese purchases will be supportive for prices at the margin.

“At the same time, however, it is hard to see investors become excited, especially as the news is now priced in and also given conventional assets such as equities and US Treasuries continue to offer better returns.”

Gold, silver and other precious metals funds this week saw $1.1 billion pulled out, according to data from Bank of America Merrill Lynch.

The giant SPDR Gold Trust (NYSEArca:GLD) shed 23 tonnes from the bullion needed to back its exchange-traded shares in the week-ending Thursday – the fastest outflow since July 2013 marked the end of that spring’s gold price crash, and taking the GLD’s holdings to the smallest level since September 2008 at 684 tonnes.

From its 2004 launch to the peak holdings of end-2012, the GLD accumulated an average 3.1 tonnes per week. Gold prices rose a compound weekly average of 0.3% against the Dollar.

Now in mid-2015, “With a positive outlook for global growth, a rapidly strengthening Dollar and hawkish statements from the Fed, investors are seeking returns from other asset classes,” says J.P.Morgan Asset Management’s Nandini Ramakrishnan, quoted by Portfolio Adviser.

Global gold demand won’t outstrip supply until 2017, says ICBC Standard Bank’s Westgate, the first such “deficit” since 2012.

But that forecast “could be partly countered by a decline in central bank purchases and a continuing liquidation of ETFs,” he adds, coupled with an increase in scrap supply in the medium- to long term.”

“With a coming rate hike from the Fed,” says London market-maker and benchmark price participant Societe Generale’s sales desk, “asset managers are clearly re-balancing portfolios.

“Gold ETFs are facing high levels of exits, and physical gold is being dis-hoarded.”

Silver’s largest exchange-traded trust fund, in contrast, continued to hold investor interest this week, with the iShares Silver Trust (NYSEArca:SLV) needing 10,227 tonnes of bullion to back its stock, near a 1-month high and little changed from the start of this year.

Investing.com – Gold futures sank to the lowest level in more than five years on Friday, as ongoing expectations that the Federal Reserve will hike interest rates at its September policy meeting weighed.

Gold futures for August delivery on the Comex division of the New York Mercantile Exchange hit an intraday low of $1,072.30 a troy ounce, a level not seen since February 2010, before closing at $1,085.50, down $8.60, or 0.79%.

For the week, prices of the precious metal tumbled $44.80, or 4.08%, the fifth straight weekly loss.

Gold has been under heavy selling pressure in recent months amid speculation the Fed will raise interest rates for the first time in nine years as soon as September.

Expectations of higher borrowing rates going forward is considered bearish for gold, as the precious metal struggles to compete with yield-bearing assets when rates are on the rise.
Also on the Comex, silver futures for September delivery dropped 21.3 cents, or 1.45%, on Friday to settle at $14.48 a troy ounce. Silver prices lost 34.2 cents, or 2.33%, on the week, the fifth consecutive weekly decline.

Elsewhere in metals trading, copper for September delivery shed 0.3 cents, or 0.13%, on Friday to settle at $2.382 a pound after hitting a session low of $2.350, a level not seen since June 2009.

Copper sold off on Friday after private sector data showed that manufacturing activity in China slowed to a 15-month low in July, fueled fears over slackening demand for the industrial metal.

The preliminary reading of the Caixin/Markit manufacturing purchasing managers’ index fell to 48.2 from a final reading of 49.4 in June. It was the lowest reading since April 2014.
For the week, copper prices plunged 11.5 cents, or 4.57%, the fourth consecutive weekly fall, as concerns over the health of China’s economy drove down prices.

The Asian nation is the world’s largest copper consumer, accounting for almost 40% of world consumption last year.

The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, was at 97.34 late Friday, paring the week’s losses to 0.65%.
The dollar has been boosted by expectations that the U.S. central bank could raise rates as soon as September if the economy continues to improve as expected.

In the week ahead, market players will focus on the outcome of the Federal Reserve’s highly-anticipated policy meeting on Wednesday as well as the release of preliminary second quarter growth data on Thursday.

Meanwhile, investors will continue to monitor progress in Greece’s €86 billion bailout negotiations. Athens is aiming for a deal by mid-August.

Ahead of the coming week, Investing.com has compiled a list of these and other significant events likely to affect the markets.

Monday, July 27
The U.S. is to release data on durable goods orders.

Tuesday, July 28
The U.S. is to release a report on consumer confidence.

Wednesday, July 29
The U.S. is to report on pending home sales. Later in the day, the Federal Reserve is to announce its latest monetary policy decision and publish its rate statement.

Thursday, July 30
The U.S. is to produce preliminary data on second quarter growth and the weekly report on initial jobless claims.

Friday, July 31
The U.S. is to round up the week with revised data on consumer sentiment and a report on business activity in the Chicago region.

Original from Artical

Gold’s growing downtrend has not endeared a lot of investors to the precious metals market, but apparently ‘The Donald’ is a fan of the yellow metal.

July 15, Republican Presidential candidate Donald Trump submitted his financial statement to the Federal Elections Commission (FEC), listing his assets and liabilities, and according to the information, he owns between $100,001 and $200,000 in gold.

Photo credit: Christopher Halloran / Shutterstock.com
Even more impressive his gold holdings were reported on page 36 of the 92 pages that made up his disclosure statement. What is interesting is that his holdings appear to be in physical gold — bullion — not shares of gold-backed exchange-traded funds, nor future’s contracts.

Of course, his gold holdings are miniscule to his overall wealth, which the FEC document puts at 1.35 billion (a total of his assets minus his liabilities). However, this figure is misleading as the FEC only asks for candidates to provide a dollar range with the top category being “over $50,000,000.”

In a press release following the filing of his financial statement Trump, in his bombastic fashion, said “The financial report is not designed for individuals with such a ‘massive wealth,’.…”

Bloomberg has calculated Trump’s wealth at around $2.4 billion while Forbes estimates it is around $4 billion. Trump himself has put his wealth at more than $10 billion dollars, saying higher property values around the world have increased his wealth.

Despite the actual amount of his net worth, the document shows an extremely diversified investment portfolio, which totals about $70 million dollars and includes a variety of blue-chip stocks: Apple, Bristol-Myers Squibb, Caterpillar, AT&T, JPMorgan Chase.

Trump also makes money off of his name as the documents show that he made $9.5 million in licensing deals, attaching his name to everything from energy drinks to vodka.

The statement also shows that Trump holds a position in more than 500 organizations, and more than half of them bear his name or initials.

Royal Gold, Inc. (NASDAQ: RGLD; TSX: RGL) (“Royal Gold” or the “Company”) provides an operational update for its streaming and royalty interests at Mount Milligan, Phoenix and Voisey’s Bay, as well as an update on the status of its streaming transaction with Golden Star Resources Ltd. (“Golden Star”) and its Peak Gold Joint Venture (“Peak Gold”).

Mount Milligan Mine

For the quarter ended June 30, 2015, the Company’s wholly owned subsidiary, RGLD Gold AG (“RGLD Gold”), purchased approximately 21,400 ounces of gold from the Mount Milligan mine at a cash price of $435 per ounce as part of its purchase and sale agreement with Thompson Creek Metals Company, Inc. (“Thompson Creek”), and sold approximately 23,000 ounces of gold related to Mount Milligan. In addition, RGLD Gold had approximately 5,300 ounces remaining in inventory as of June 30, 2015.

Phoenix Project

On June 24, 2015, Rubicon Minerals Corporation (“Rubicon”) announced its first gold pour at the Phoenix Gold Project of approximately 741 ounces. RGLD Gold will begin receiving deliveries in the current quarter related to initial commissioning activities and anticipates more substantial gold deliveries as the mine ramps up to design production.

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Rubicon will deliver 6.30% of the gold from the Phoenix mine until 135,000 ounces have been delivered, then 3.15% thereafter. RGLD Gold will pay 25% of the spot price at the time of delivery.

Voisey’s Bay Mine

We received the first quarterly royalty payment relating to processing Voisey’s Bay nickel concentrates at Vale’s new Long Harbour hydrometallurgical plant. In response to questions concerning Vale’s determination of the Long Harbour smelter and refining charges deducted from actual proceeds to calculate the net smelter return royalty payable, Vale recently stated that the charges included “the cost of product sold, pre-operating costs, depreciation and cost of capital.” Royal Gold strongly disagrees with Vale’s determination that these charges are permissible deductions pursuant to the royalty agreement and is requesting further clarification of the basis for these charges while aggressively pursuing its legal remedies.

Golden Star Transaction

On May 7, 2015, the Company announced that RGLD Gold entered into a streaming agreement with Golden Star Resources Limited (“Golden Star”). The transaction is expected to close soon, upon satisfaction of remaining closing conditions, with RGLD Gold making an initial upfront payment at closing of $40 million to Golden Star. Royal Gold will simultaneously fund a $20 million dollar term loan as part of the transaction. RGLD Gold expects to make further advance payments totaling $90 million over the next five quarters. Once the initial upfront payment has been made, RGLD Gold expects to receive stream deliveries from Golden Star in the current quarter related to production from and after April 1, 2015.

Golden Star will deliver to RGLD Gold 8.5% of gold produced from Wassa, Bogoso and Prestea until 185,000 ounces have been delivered, 5.0% until an additional 22,500 ounces have been delivered, and 3.0% thereafter. RGLD Gold will pay Golden Star 20% of the spot price at the time of delivery until 207,500 ounces have been delivered, and 30% of the spot price thereafter.

Peak Gold

As described on the Company’s fiscal third quarter conference call, Royal Gold incurred certain costs associated with the summer exploration program at Peak Gold. The Company estimates approximately $2 million in expenditures will be reported in its financial results ended June 30, 2015.

CORPORATE PROFILE

Royal Gold, Inc. is a precious metals royalty and stream company engaged in the acquisition and management of precious metal royalties, streams, and similar production based interests. The Company owns interests on 196 properties on six continents, including interests on 37 producing mines and 24 development stage projects. Royal Gold, Inc. is publicly traded on the NASDAQ Global Select Market under the symbol “RGLD,” and on the Toronto Stock Exchange under the symbol “RGL.” The Company’s website is located at www.royalgold.com.

Cautionary “Safe Harbor” Statement Under the Private Securities Litigation Reform Act of 1995: With the exception of historical matters, the matters discussed in this press release are forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially from projections or estimates contained herein. Such forward-looking statements include statements about the Company’s receipt of gold from Thompson Creek, Rubicon, and Golden Star in periods after June 30, 2015, its upfront payment to Golden Star, and the Company’s receipt of royalty payments from Vale in periods after June 30, 2015. Factors that could cause actual results to differ materially from the projections include, among others, the timing of shipments, disagreements on assays, losses in transport, performance of and production at Mount Milligan, the Phoenix Gold Project, Golden Star’s Wassa, Bogoso and Prestea operations and Voisey’s Bay; decisions and activities of Thompson Creek, Rubicon, Golden Star and Vale; changes in project parameters and timelines as plans continue to be refined; economic and market conditions; unanticipated grade, geological, metallurgical, processing, regulatory and legal or other problems that Thompson Creek, Rubicon, Golden Star and Vale may encounter; changes in operators’ mining and processing techniques or royalty or stream calculation methodologies; errors or disputes in calculating royalty payments or stream deliveries, or payments or deliveries not made in accordance with royalty and streaming agreements; resolution of legal proceedings (including with Vale regarding Voisey’s Bay); and other subsequent events, as well as other factors described in the Company’s Annual Report on Form 10-K, Quarterly Reports on Form 10-Q, and other filings with the Securities and Exchange Commission. Most of these factors are beyond the Company’s ability to predict or control. The Company disclaims any obligation to update any forward-looking statement made herein. Readers are cautioned not to put undue reliance on forward-looking statements.