Central Bank to increase gold metal reserves
RBC, 21.09.2006, Moscow 18:45:08.The Bank of Russia intends to increase the volume of gold metals in Russia's gold and foreign currency reserves, the Bank's First Deputy Chairman Alexei Ulyukayev told the State Duma budget committee today. The share of gold in the country's gold and foreign currency reserves is 3 percent at present. If the volume of gold metals increases, still its share will not raise, he noted.
The prices of gold and other precious metals have been rising lately but the market is correcting at present, Ulyukayev stressed. The gold price is now $550 per ounce, which is $80-90 lower than the record price. The metal prices are highly volatile at the moment, but the Central Bank has not imposed any limits on gold acquisition, he said.
Russia's gold reserves exceed 380 tonnes. -source
Agreement on electronic metals trading
By Kevin Morrison
Nymex Holdings is expected to issue $300m of shares to members of its metals futures division Comex, after an agreement on Thursday for Comex gold, silver and copper futures to trade electronically. -source
Finans Portfoy Launches First GOLD ETF in Turkey
Istanbul GOLD ETF, GOLDIST, will be offered to public on September 21st and 22nd.
Finans Portfoy, an Istanbul based asset management company, launches the first GOLD ETF in Turkey. Istanbul GOLD ETF, GOLDIST, will be listed on the Istanbul Stock Exchange and is expected to start trading next week. GOLDIST will be based on international Gold price and denominated in grams. -source
CBOT Expands Availability of Gold & Silver Options to Open Auction Market
CHICAGO, IL (September 20, 2006) – The Chicago Board of Trade (CBOT) announced today that it plans to expand the availability of its options on Full-sized Gold (100 oz.) and Silver (5,000 oz.) futures by listing the contracts on its open auction trading floor, side-by-side with the e-cbot® electronic trading platform, beginning in the fourth quarter of 2006. Currently, the contracts trade exclusively on e-cbot, the Exchange’s electronic trading platform.
Also, effective October 1, 2006, the CBOT is waiving all Exchange transaction fees for Metals options trading for all fee categories. The fee waiver will apply to Metals options trade transactions on both CBOT platforms. The transaction fee waiver will remain in effect until June 30, 2007. -source
American Stock Exchange Lists Central Gold-Trust
NEW YORK, Sept. 22 /PRNewswire/ -- The American Stock Exchange(R) (Amex(R)) announced today that it has begun trading the units of Central Gold-Trust under the ticker symbol "GTU". The Trust began trading on the Toronto Stock Exchange in 2003 under the ticker symbols "GTU.UN" (denominated in Canadian dollars) and "GTU.U" (denominated in US dollars) and is now dually listed on the Amex. -source
Showing posts with label Russia. Show all posts
Showing posts with label Russia. Show all posts
Saturday, September 23, 2006
Thursday, July 27, 2006
Intraday Gold Chart Update
Gold surprised me on the upside today, climbing more then expected. But currently the price of gold is back inside the range I indicated (633$ - 618$). Don’t read me wrong, I fully expect gold to move much higher then 633$ and quite soon.
Russia's gold and currency reserves up $7.2 bln in week
MOSCOW, July 27 (RIA Novosti) - Russia's gold and foreign currency reserves grew by $7.2 billion to $262.9 billion as of July 21 from $255.7 billion a week earlier, the Bank of Russia said Thursday. -source
Below is an intraday spot gold channel chart, hopefully this one holds for more then 2 hours. If this channel holds, gold will trade between 620$ to 647$ during the next 24 hours. Click on the chart for enlarged view.
Russia's gold and currency reserves up $7.2 bln in week
MOSCOW, July 27 (RIA Novosti) - Russia's gold and foreign currency reserves grew by $7.2 billion to $262.9 billion as of July 21 from $255.7 billion a week earlier, the Bank of Russia said Thursday. -source
Below is an intraday spot gold channel chart, hopefully this one holds for more then 2 hours. If this channel holds, gold will trade between 620$ to 647$ during the next 24 hours. Click on the chart for enlarged view.
Thursday, June 08, 2006
Cash Piles
China, Japan, Taiwan, RF lead in gold, forex reserves
08.06.2006, 11.28
XIANGGANG, June 8 (Itar-Tass) - - China, Japan, Taiwan and Russia are in the lead in the world in the volume of gold and foreign currency reserves, says a comparable report prepared by the Hong Kong Currency Department on the basis of the latest statistical data from different countries.
Of late, the biggest holder of state foreign currency reserves has been China which has more than 875 billion dollars. Japan, whose reserves were estimated at 864.1 billion dollars at the end of May, occupies the second place. Taiwan, whose reserves are equal 260.9 billion dollars, ranks third, and Russia with reserves of 247.3 billion dollars - - fourth. -source
08.06.2006, 11.28
XIANGGANG, June 8 (Itar-Tass) - - China, Japan, Taiwan and Russia are in the lead in the world in the volume of gold and foreign currency reserves, says a comparable report prepared by the Hong Kong Currency Department on the basis of the latest statistical data from different countries.
Of late, the biggest holder of state foreign currency reserves has been China which has more than 875 billion dollars. Japan, whose reserves were estimated at 864.1 billion dollars at the end of May, occupies the second place. Taiwan, whose reserves are equal 260.9 billion dollars, ranks third, and Russia with reserves of 247.3 billion dollars - - fourth. -source
Russia gold trading
Russia exchange embarks on gold contract trading
08.06.2006, 12.34
MOSCOW, June 8 (Itar-Tass) - The Russian stock exchange RTS began gold contract trading on Thursday.
The first deal on gold contracts on the commodity market (futures and options at RTS) falling due in July and September has been concluded at the price of 626.5 dollars an ounce, the RTS public relations department said.
Settlements on the gold future contracts are made in roubles using opening gold prices at London fixing.
The size of collateral is 5 percent of the cost of a contract, and charged commission is 1 rouble, PRIME-TASS said.
The gold futures simultaneously represent an object of capital investment, an accumulation tool and a speculative tool.
They are also a valuable expedient for commercial producers and gold users.
In convenience of asset sale and purchase and transaction costs, the futures contracts are superior to other modes of investment in gold. ITAR-TASS
08.06.2006, 12.34
MOSCOW, June 8 (Itar-Tass) - The Russian stock exchange RTS began gold contract trading on Thursday.
The first deal on gold contracts on the commodity market (futures and options at RTS) falling due in July and September has been concluded at the price of 626.5 dollars an ounce, the RTS public relations department said.
Settlements on the gold future contracts are made in roubles using opening gold prices at London fixing.
The size of collateral is 5 percent of the cost of a contract, and charged commission is 1 rouble, PRIME-TASS said.
The gold futures simultaneously represent an object of capital investment, an accumulation tool and a speculative tool.
They are also a valuable expedient for commercial producers and gold users.
In convenience of asset sale and purchase and transaction costs, the futures contracts are superior to other modes of investment in gold. ITAR-TASS
Thursday, May 25, 2006
Gold & Silver News, Spot Silver Chart - XAG
Indian Bank to sell gold coins to boost profit
006-05-25 17:15
By Ruchira Singh
MUMBAI (Reuters) - Government-owned Indian Bank is hoping to set the slot machine ringing with the gold coin. In an attempt to boost business, the nearly 100-year old bank is stepping up retail sales of its recently launched gold coins, targeting a net income of 100 million rupees by the end of the fiscal year- source
World demand for silver soars
By Eileen Alt Powell
THE ASSOCIATED PRESS
NEW YORK — Demand for silver rose in 2005 to the highest level in five years as strength in jewelry and industrial products offset softness in photography and coins, the Silver Institute said Wednesday. The Washington, D.C.-based industry group also said its annual survey indicated that investor demand for silver has been increasing, just as it has been for gold. -source
Russia gold and currency reserves reach about 237 bln dlrs
5.05.2006, 10.05
MOSCOW, May 25 (Itar-Tass) - Russia’s gold and foreign currency reserves increased by 600 millon dollars (or by 0.25 percent) to reach 236.7 billion dollars in the period from May 12 to 19, PRIME-TASS reported on Thursday with reference to the Central Bank of Russia.
The reached size of gold and currency reserves is another record for the whole period of regular publications of this information by the Central Bank of Russia.
As compared to January 1, when the volume of Russia’s gold and foreign currency reserves was equal to 182.2 billion dollars, this figure has increased by about 29.9 percent. - source
Spot Silver chart annotated with Fibonacci levels, trend lines
and Elliott Wave count. Click on the chart below to enlarge:
006-05-25 17:15
By Ruchira Singh
MUMBAI (Reuters) - Government-owned Indian Bank is hoping to set the slot machine ringing with the gold coin. In an attempt to boost business, the nearly 100-year old bank is stepping up retail sales of its recently launched gold coins, targeting a net income of 100 million rupees by the end of the fiscal year- source
World demand for silver soars
By Eileen Alt Powell
THE ASSOCIATED PRESS
NEW YORK — Demand for silver rose in 2005 to the highest level in five years as strength in jewelry and industrial products offset softness in photography and coins, the Silver Institute said Wednesday. The Washington, D.C.-based industry group also said its annual survey indicated that investor demand for silver has been increasing, just as it has been for gold. -source
Russia gold and currency reserves reach about 237 bln dlrs
5.05.2006, 10.05
MOSCOW, May 25 (Itar-Tass) - Russia’s gold and foreign currency reserves increased by 600 millon dollars (or by 0.25 percent) to reach 236.7 billion dollars in the period from May 12 to 19, PRIME-TASS reported on Thursday with reference to the Central Bank of Russia.
The reached size of gold and currency reserves is another record for the whole period of regular publications of this information by the Central Bank of Russia.
As compared to January 1, when the volume of Russia’s gold and foreign currency reserves was equal to 182.2 billion dollars, this figure has increased by about 29.9 percent. - source
Spot Silver chart annotated with Fibonacci levels, trend lines
and Elliott Wave count. Click on the chart below to enlarge:
Monday, May 22, 2006
Gold Market News
Do you feel the concentrated efforts to scare the market and calm down speculation in all markets by authorities and international banks?
To some degree Interests rates and short term liquidity can be controlled. however some of the market fundamentals can not be manipulated. Therefore it is still a good idea to look for trading and investment opportunities in all markets especially commodities with bullish fundamentals and favorable supply demand conditions.
Regarding Gold, here are some of the latest global gold market news from around the world:
RTS to launch gold, oil futures June 8
MOSCOW. May 22 (Interfax) - The Russian Trading System (RTS) will launch futures and options in gold and oil on June 8, the RTS said in a press release.
"We plan to launch oil and gold futures in June," Jacques Der Megreditchian, the RTS board chairman, told Interfax earlier. These will be the first in a series of planned commodity futures, he said. The RTS will base its settlement prices for oil futures on quotations from the Platts agency, he said.
Troika Dialog, an investment company where Der Megreditchian is managing director, said Troika Dialog would be the market-maker for the contracts. "We'll be acting as the market-maker and we'll be hedging in London and New York," he said.
The RTS also plans to trade futures in diesel fuel, aviation fuel and fuel oil. -InterFax
Indian first Gold Fund
Posted: Sun, 21 May 2006
[miningmx.com] -- DETAILS of India's gold-backed equity were released to the market after the scheme's backer, Benchmark Mutual, filed papers with the Securities and Exchange Board of India.
The scheme, which is effectively India's first exchange traded fund (ETF), said the scheme includied plans to impose levies on entry and exit from the ETF.
The Financial Express, a Mumbai newspaper, said the product would levy a 4% entry load and 3% exit load on the Gold Benchmark Exchange Traded Scheme (Gold BeES), as the product is called.
Gold BeEs is an open-ended scheme that will list on the National Stock Exchange (NSE). Like the exchange traded fund it will invest in physical gold, the Financial Express said.
"The scheme seeks to generate returns that closely correspond to the returns provided by the domestic price of gold. At least 90% of the corpus will be held in physical gold, while the rest can be deployed in bonds and money market securities," the newspaper said. Each unit of Gold BeES will have a face value of Rs 100. Minimum investment is Rs 10,000 and in multiples of Rs 1,000 thereafter, it said. - source
Saudi firm buys gold from African central bank
Mon May 22, 2006 12:24 PM GMT
RIYADH (Reuters) - A private Saudi jeweller has bought 36 tonnes of raw gold from an African central bank for 1.8 billion riyals, a company spokesman said on Monday, confirming a newspaper report.
When asked about the report in leading Saudi business daily al-Eqtisadiah, the spokesman said: "That is correct."
He declined to elaborate.
The newspaper quoted Suleiman al-Othaim, board chairman of the Riyadh-based al-Othaim Gold and Jewellery firm, as saying the gold would be delivered in the fourth quarter of this year.
"The deal was concluded directly (with the unidentified African central bank) without any intermediary," the newspaper quoted him as saying.
It did not say when the transaction took place. -source
See Uranium & Titanium Stocks: CCJ , TIE
To some degree Interests rates and short term liquidity can be controlled. however some of the market fundamentals can not be manipulated. Therefore it is still a good idea to look for trading and investment opportunities in all markets especially commodities with bullish fundamentals and favorable supply demand conditions.
Regarding Gold, here are some of the latest global gold market news from around the world:
RTS to launch gold, oil futures June 8
MOSCOW. May 22 (Interfax) - The Russian Trading System (RTS) will launch futures and options in gold and oil on June 8, the RTS said in a press release.
"We plan to launch oil and gold futures in June," Jacques Der Megreditchian, the RTS board chairman, told Interfax earlier. These will be the first in a series of planned commodity futures, he said. The RTS will base its settlement prices for oil futures on quotations from the Platts agency, he said.
Troika Dialog, an investment company where Der Megreditchian is managing director, said Troika Dialog would be the market-maker for the contracts. "We'll be acting as the market-maker and we'll be hedging in London and New York," he said.
The RTS also plans to trade futures in diesel fuel, aviation fuel and fuel oil. -InterFax
Indian first Gold Fund
Posted: Sun, 21 May 2006
[miningmx.com] -- DETAILS of India's gold-backed equity were released to the market after the scheme's backer, Benchmark Mutual, filed papers with the Securities and Exchange Board of India.
The scheme, which is effectively India's first exchange traded fund (ETF), said the scheme includied plans to impose levies on entry and exit from the ETF.
The Financial Express, a Mumbai newspaper, said the product would levy a 4% entry load and 3% exit load on the Gold Benchmark Exchange Traded Scheme (Gold BeES), as the product is called.
Gold BeEs is an open-ended scheme that will list on the National Stock Exchange (NSE). Like the exchange traded fund it will invest in physical gold, the Financial Express said.
"The scheme seeks to generate returns that closely correspond to the returns provided by the domestic price of gold. At least 90% of the corpus will be held in physical gold, while the rest can be deployed in bonds and money market securities," the newspaper said. Each unit of Gold BeES will have a face value of Rs 100. Minimum investment is Rs 10,000 and in multiples of Rs 1,000 thereafter, it said. - source
Saudi firm buys gold from African central bank
Mon May 22, 2006 12:24 PM GMT
RIYADH (Reuters) - A private Saudi jeweller has bought 36 tonnes of raw gold from an African central bank for 1.8 billion riyals, a company spokesman said on Monday, confirming a newspaper report.
When asked about the report in leading Saudi business daily al-Eqtisadiah, the spokesman said: "That is correct."
He declined to elaborate.
The newspaper quoted Suleiman al-Othaim, board chairman of the Riyadh-based al-Othaim Gold and Jewellery firm, as saying the gold would be delivered in the fourth quarter of this year.
"The deal was concluded directly (with the unidentified African central bank) without any intermediary," the newspaper quoted him as saying.
It did not say when the transaction took place. -source
See Uranium & Titanium Stocks: CCJ , TIE
Monday, April 03, 2006
The Islamic Republic of Iran & Gold
Iran denies Swiss paper's claim in withdrawal of Gold assets
Tehran, March 31, IRNA
Iran-Swiss-Gold
An informed source in Central Bank of Iran on Friday denied the news published in a Swiss daily on withdrawal of 250 tons of Iran's gold reserves from that country's Credit Bank.
The Central Bank official, who spoke on condition of anonymity, told the Economy Desk at IRNA Head office in Tehran Desk, "The news published in the Thursday edition of the Bern-based daily Der Bund, on Iran's withdrawal of 250 tons of its gold reserves, worth five billion Swiss francs, and transferring them to Tehran is totally baseless." Der Bund had added in its story that apparently Iran has ever since last October withdrawn 700 tons of its gold reserves, worth sixteen billion Swiss franks, from various Western monetary funds and transferred them to other unknown destinations. Source
According to the CIA World Fact book Iran is holding $40.06 billion (2005 est.) reserves of foreign exchange and gold.
RTS to launch commodity futures trading in May
18:24 | 03/ 04/ 2006
MOSCOW, April 3 (RIA Novosti) - The Russian Trading System (RTS) stock exchange will launch commodity futures trading, including precious metals, agricultural products and petroleum products, in May, the RTS president said Monday.
"We consider futures on gold, agricultural products and metals very promising," Oleg Safonov said.
He told a roundtable that the country's main stock exchange was seeking to allow its clients to trade commodities and that all the necessary related documents had been submitted to the Federal Service for Financial Markets.
Safonov said the RTS would coordinate basic prices with international agencies, that commodity derivatives were a priority, and that the futures market would be developed within an existing segment of FORTS, the RTS derivatives market.
Safonov said the RTS was also planning to launch futures contracts on a short term interest rates by June 1.
"We want to launch this kind of futures contract relatively quickly," he said.
source
What is a fair price for gold ?
Tehran, March 31, IRNA
Iran-Swiss-Gold
An informed source in Central Bank of Iran on Friday denied the news published in a Swiss daily on withdrawal of 250 tons of Iran's gold reserves from that country's Credit Bank.
The Central Bank official, who spoke on condition of anonymity, told the Economy Desk at IRNA Head office in Tehran Desk, "The news published in the Thursday edition of the Bern-based daily Der Bund, on Iran's withdrawal of 250 tons of its gold reserves, worth five billion Swiss francs, and transferring them to Tehran is totally baseless." Der Bund had added in its story that apparently Iran has ever since last October withdrawn 700 tons of its gold reserves, worth sixteen billion Swiss franks, from various Western monetary funds and transferred them to other unknown destinations. Source
According to the CIA World Fact book Iran is holding $40.06 billion (2005 est.) reserves of foreign exchange and gold.
RTS to launch commodity futures trading in May
18:24 | 03/ 04/ 2006
MOSCOW, April 3 (RIA Novosti) - The Russian Trading System (RTS) stock exchange will launch commodity futures trading, including precious metals, agricultural products and petroleum products, in May, the RTS president said Monday.
"We consider futures on gold, agricultural products and metals very promising," Oleg Safonov said.
He told a roundtable that the country's main stock exchange was seeking to allow its clients to trade commodities and that all the necessary related documents had been submitted to the Federal Service for Financial Markets.
Safonov said the RTS would coordinate basic prices with international agencies, that commodity derivatives were a priority, and that the futures market would be developed within an existing segment of FORTS, the RTS derivatives market.
Safonov said the RTS was also planning to launch futures contracts on a short term interest rates by June 1.
"We want to launch this kind of futures contract relatively quickly," he said.
source
What is a fair price for gold ?
Subscribe to:
Posts (Atom)
