• Gold: 1,279.99 -0.17
  • Silver: 17.00 -0.04
  • Euro: 1.177 0.000
  • USDX: 93.701 0.191
  • Oil: 52 0.39

October 20: Gold and Silver Fall About 2% on the Week

1 day 11 hours ago

Gold drifted lower throughout most of world trade and ended near its early afternoon New York low of $1278.00 with a loss of 0.62%. Silver slipped to as low as $16.946 and ended with a loss of 1.16%.

Silver Market Morning: April 13 2017 - Gold breaks up to new higher resistance just below $1,300!

If the gold price can climb above $1,290 all vestiges of overhead resistance will have evaporated. Yes, the $1,300 level to $1,320 area may well cause a pause in the climb of the gold price for a short while, but essentially the mood for gold and silver will have changed to the upside, it seems. There was no physical buying into the U.S. based gold ETFs yesterday. Despite this the gold price jumped through overhead resistance to current levels.

April 12: Gold and Silver Gain Almost 1% While Dollar Drops on Trump Talk

Gold saw slight gains in Asia and London and jumped up to $1277.90 by a little before 8:30AM EST before it dropped back to $1272.40 in the next hour of trade, but it then shot back higher into the close and ended near its late session high of $1283.60 with a gain of 0.7%. Silver rose to as high as $18.439 and ended with a gain of 0.82%.

Silver Market Morning: April 12 2017 - Gold breaks up to new higher resistance!

We were wrong about more consolidation yesterday. Consolidation is a very difficult process to gauge accurately in terms of timing. It is a process of demand matching supply to the point where a small sale or purchase can make the next move a strong one. We did not realize that this point was reached yesterday, suddenly. After all it has been several weeks since the gold price has been building up sufficient strength to effectively tackle overhead resistance at $1,260, the 200-day average. Yesterday saw it do so, when an ascending top breakout was confirmed technically.

April 11: Gold and Silver Gain Nearly 2% While Stocks and Dollar Drop

Gold saw only slight gains in Asia and London, but it then rallied higher throughout most of trade in New York and ended near its midafternoon high of $1275.10 with a gain of 1.46%. Silver rose to as high as $18.318 and ended with a gain of 1.9%.

Silver Market Morning: April 11 2017 - Gold firm below resistance $!

The Syria strike by the U.S. has not heightened tensions between Russia and the U.S. as much as the markets first discounted. It appears that Russia is satisfied with chest beating without action, simply a warning that the U.S. will be met by force next time. If there is another gas attack soon the situation could deteriorate substantially. Meanwhile, the markets, as we thought they would have retreated to where they were before the missile strike.

Golden Arrow Chairman’s Message to Shareholders on Recent Positive Developments

The announcement on the 31st of March of the formation of the Joint Venture with Silver Standard Resources Inc. (TSX-SSO; NASDAQ-SSRI; “Silver Standard”) was the culmination of a process of working together that began with the announcement of the initial exploratory work back in October 2015. Essentially the latest announcement signals the creation of a new entity which will pool together the currently operating mine and processing plant at Pirquitas, owned by Silver Standard, with the Chinchillas project of Golden Arrow.

April 10: Gold and Silver Reverse Early Losses To End Near Unchanged

Gold saw a slight gain at $1255.80 in Asia before it fell to see a $7.20 loss at $1247.40 at the open of trade in New York and then rallied back to $1256.30 by midday, but it then chopped back lower in early afternoon trade and ended with a loss of 0.02%. Silver edged up to $18.015 before it dropped back to $17.748 and then also climbed back higher, but it still ended with a loss of 0.28%.

April 7: Gold and Silver End Near Unchanged on the Week

Gold gained $18.60 to $1270.30 in early New York and before it fell all of the way back to $1251.40 by midafternoon, but then bounced back higher into the close and ended with a gain of 0.23%. Silver rose to as high as $18.459 before it dropped back to $17.872 and then also rallied back higher in late trade, but it still ended with a loss of 1.32%.

The decline and fall of the EU

Without the UK, not only does the EU lose much of its importance on the world stage, but the Commission’s budget is left with an enormous hole. That is the decline. The fall is well under way, with capital flight significantly worse than generally realised, as a proper understanding of TARGET2 imbalances shows. Not only is the ECB running out of options, but without major support from Germany, France and Italy, Brussels itself faces a financial crisis. In a highly unusual move, Jamie Dimon of JP Morgan in a letter to his shareholders this week backtracked on his earlier pre-Brexit threat to move jobs from London, declaring that the problem is Europe itself.

Silver Market Morning: April 7 2017 - Gold leaps after missile strike!

Overnight, the U.S. struck Syria with cruise missiles on President Trump’s order. The global political situation has degenerated, at least for now, causing gold to jump through the 200-day average. Will this hold? At first glance, we would think not, as it is not a cause for war between Russia and the U.S. simply a punitive strike, in response to the use of chemical weapons in what is more than a civil war in Syria. It is, to us, a long term middle east wide religious war between Shia [Assad/Iran, etc] and Sunni [rebels/Saudis, etc] sides of Islam set to continue for the foreseeable future.

April 6: Gold and Silver Edge Lower Before Jobs Data Tomorrow

Gold chopped down to $1250.00 in late morning New York trade before it bounced back higher at times, but it still ended with a loss of 0.35%. Silver slipped to as low as $18.162 and ended with a loss of 0.38%.

Silver Market Morning: April 6 2017 - Gold still consolidating on support!

In Europe, Mario Draghi cautiously implied that the fear of inflation has passed and while risks remain to the downside he was more confident that growth across the E.U. economy is becoming positive. To us there are so many continuing risks in Europe that one needs to continue to question the future of the E.U. economy. What we did find somewhat disturbing in what he said, was that the more positive shape of the economy was due to two factors, monetary policy and the oil price fall.

April 5: Gold and Silver Reverse Early Losses To End Barely Lower After Cautious Fed Minutes

Gold edged up to $1257.20 in Asia before it dropped back to $1243.90 in midmorning New York trade, but it then rallied back higher in the last couple of hours of trade and ended with a loss of just 0.02%. Silver slipped to as low $18.143 and ended with a loss of just 0.05%.

Still Need To Be Cautious

Over the last week, I have been noting that the silver chart has been the most instructive as to how the complex is running right now. While we certainly broke out over the initial 18 level resistance cited last week, the rally has provided us with yet another possible pitfall, at least until the market proves itself.

Silver Market Morning: April 5 2017 - Gold consolidating on support!

The gold price is like a mirror for the different currencies and their financial systems. It is an inefficient market in that it does not reflect such on a day to day basis. It reflects the situation over time and has to contend with all sorts of interference from speculators, banks and governments. But, over time, it is an unbiased, accurate reflection of a nation’s financial condition through its exchange rate against gold.

April 4: Gold and Silver Gain Again

Gold gained $8 to $1261.20 by a little after 8AM EST before it dropped down to $1254.10 by midmorning, but it then bounced back higher into the close and ended with a gain of 0.25%. Silver rose to as high as $18.409 and ended with a gain of 0.49%.

Silver Market Morning: April 4 2017 - Gold rising above resistance, which is now support!

With Shanghai closed yesterday and today, the gold price jumped up and away from support into the higher $1,250’s this morning. This was primarily driven by a nearly four and a half tonne purchase into the gold ETF. So many times, in the past, we have seen such points of inflection result in ‘bear’ raids. But this time it was the bulls which came in. And they came in with physical demand.

April 3: Gold and Silver Gain While Stocks Fall

Gold fell $2.60 to $1244.70 in London, but it then climbed to as high as $1253.60 in New York and ended with a gain of 0.47%. Silver rose to as high as $18.258 and ended with a gain of 0.05%.

Econ 101 -- Silver Market Manipulation

I hope this helps you to understand the forces that are aligned against you as a silver investor. However, do not despair. No fraud can last indefinitely and no institution built upon a foundation of lies and deceit can stand the test of time. Instead, the day is coming where true physical price discovery will again prevail in the precious metals. What will that price be? I have no idea but I'm quite certain that it won't be $1250/oz for gold and/or $18.25/oz for silver.

Silver Market Morning: April 3 2017 - Gold consolidating at resistance/support!

More importantly, gold prices today will not see any Chinese demand. As a result today’s prices will not reflect global demand, only London and New York. While the chances of a fall in the gold price globally is higher for today and tomorrow, Wednesday should see Chinese demand return, if that happens.

March 31: Gold Holds Near Unchanged While Silver Rises Almost 3% on the Week

Gold fell $4.20 to $1240.30 at about 8:45AM EST, but it then jumped up to $1250.50 in early afternoon trade and ended with a gain of 0.22%. Silver rose to as high as $18.259 and ended with a gain of 0.5%.

Golden Arrow Announces Positive Pre-Feasibility Study for the Chinchillas Project Joint Venture With Silver Standard

Golden Arrow Resources Corporation (TSX VENTURE:GRG) (GAC.F) (GARWF) (WKN:A0B6XQ) ("Golden Arrow" or the "Company") is pleased to announce the results of a pre-feasibility study of the Chinchillas project ("Chinchillas" or the "project") located in the Jujuy Province, Argentina for the joint-venture development of the project with Silver Standard Resources Inc. (SSRI) (SSO.TO) ("Silver Standard") pursuant to the Business Combination Agreement between the parties dated September 30, 2015, as outlined in the Company's news release dated March 31, 2017.

Silver Standard Exercises Option to Form Joint Venture With Golden Arrow for the Chinchillas-Pirquitas Project

"This is a landmark achievement for our Company," stated Joseph Grosso, Executive Chairman, President and CEO of Golden Arrow. "As Golden Arrow transitions an exploration discovery into a mining operation, our shareholders stand to benefit from this profile and strengthened financial position."

Market Report: Dollar under attack

As it was, gold traded in a narrow range all week, between $1245 and $1255, before dipping slightly yesterday in late trade to $1242. Silver meanwhile outperformed gold. In early European trading this morning (Friday) gold was at $1242 and silver at $18.09. The April futures gold contract is running off the board, and one would expect the bullion banks to shake out the speculators with long positions. Most have rolled over into the June contract, but remarkably, some did not, choosing to close positions, with no damage to the price. As a result, open interest has decreased significantly, which is evident in the next chart.

Golden Arrow Grants Extension on the Chinchillas Project Option Agreement

Golden Arrow Resources Corporation (TSX VENTURE:GRG)(GAC.F)(GARWF) ("Golden Arrow" or the "Company") announces that Silver Standard Resources Inc. (SSO.TO)(SSRI) ("Silver Standard") and Golden Arrow have agreed to extend the period in which Silver Standard may form the joint venture with Golden Arrow for the development of the Chinchillas project (the "Business Combination Agreement"). This period has been extended to March 31, 2017. The Business Combination Agreement was previously announced on October 31, 2015.

Silver Market Morning

New York closed at $1,1201.80 up $5.90 on Tuesday in NY. Asia held it there and London tried to take it down as the dollar strengthened. The LBMA Gold price was set at $1,202.40 up $4.70. The euro equivalent stood at €1,120.29 down €5.36 while the dollar was stronger at $1.0784 against yesterday’s $1.0689. Ahead of New York’s opening, gold was trading lower in London at $1,202.80 and in the euro at €1,117.22.

The Silver Manipulation Solution : 17 Requirements for a Freely Traded Silver Market Structure

The silver market is broken and has been broken for a long, long time. Much longer than most people think although many people can finally SEE the problems with the market now as the paper market continues to distort the price of physical silver. It is silver derivatives and computer trading models introduced in the 1970's that really started to distort the market value and it has never been more distorted than it is today. Hundreds of Billions of silver derivative ounces are transacted by the bullion banks every year to steer and control the price of silver. This volume of silver trading dwarfs the tiny physical silver market that only provides a few hundred million ounces of physical silver to the market annually for investors to buy.

April 22: Gold and Silver Fall Over 1%

Gold bumped up to $1204.68 in Asia before it fell back to $1185.87 by late morning in New York and then bounced back higher into early afternoon, but it then drifted back lower into the close and ended with a loss of 1.25%. Silver slipped to as low as $15.70 and ended with a loss of 1.37%.

Silver Market Morning

New York closed at $1,186.80 down $15.00 on Wednesday in NY. Asia again lifted the gold price to $1,189 and London held it there. The LBMA Gold price was set at $1,187.75 down $14.65. The euro equivalent stood at €1,105.71 down €14.58 while the dollar was weaker at $1.0742 against yesterday’s $1.0784. Ahead of New York’s opening, gold was trading lower in London at $1,190.20 and in the euro at €1,107.42.

Rock-Paper-Silver

The old game is Rock-Paper-Scissors in which rock breaks (wins against) scissors, scissors cuts (wins against) paper, paper covers (wins against) rock. The game is balanced with wins, losses, and draws.

JP Morgan Cornering Silver Bullion Market?

- Why is JP Morgan accumulating the biggest stockpile of physical silver in history? - Legendary silver analyst Ted Butler believes JP Morgan are in a position to corner silver market - JP Morgan may be holding as much as 350 million ounces of physical silver - JP Morgan realises the value of owning physical silver bullion today - Silver at $16 today – Set to soar to over $50 again

Silver - Four Years Later

Based on the 30 year ratios to the S&P 500 index, gold, and crude oil, silver is currently inexpensive. The High-Frequency-Traders can push prices lower or higher quite easily so this analysis says little about what silver prices will do next week or next month, but it clearly says that in the long-term silver prices are low and likely to rise significantly in the next few years.

Silver and NASDAQ – Long, Medium and Short Trends

Courtesy of the High-Frequency-Traders and a wave of digital “money printing” the NASDAQ closed at a new high on Friday the 24th – a 15 year high. Silver, on the other hand, has been crushed – the near all-time high was 4 years ago. In this tale of two markets, we examine the silver to NASDAQ ratio over the long and medium term for clues about their next major moves.

Can Gold Save the World From the Credit Bubble?

It has been reported that global debt is about $200 Trillion. Central banks supposedly hold about 30,000 tons of gold. If the total debt were backed by central bank gold at 40%, that would price gold about $80,000 per ounce. In the US, the official gold reserve, which has not been audited in about 60 years, is about 8,200 tons. Official national debt is about $18 Trillion. If the official gold backed the debt at 100%, the price of gold would be about $70,000 per ounce.

Controlling copper and silver prices

There is an unwarranted assumption that market prices are always right, and represent "fair value". In the case of commodities, particularly metals, this is not necessarily true, because regulated financial markets make it too easy for government agencies and large banks to game the system.

Dollar Danger Zone

China has purchased and imported a massive amount of gold bars in the past 5 years. The magnitude of the gold migration from the west to Asia has been obscured intentionally. Clearly the western central banks and governments do not want the world to know how much gold they have sold to China. China does not want to announce how much gold they have purchased, which might panic the gold market and elevate prices, making additional purchases more expensive. China’s gold hoard will become a threat to the reserve currency status of the dollar, a fiat currency backed only by “faith and trust.”

Silver Bullion Buying Outstripping Supply As JP Morgan ($JPM) Buys

- Silver one of most undervalued assets in world today - Fundamentals for silver market very strong - Total demand for silver outweighed supply by almost 22% last year - Industrial demand set to surge as solar energy projects are expanded - Artificially low prices have forced some mines out of business which may lead to a supply crunch - Smart money including JP Morgan acquiring silver - Silver to outperform assets including gold

SilverCrest Announces Q1, 2015 Financial Results Cash Flow from Operations of $7.3 million ($0.06 per share) Net Earnings of $2.5 million ($0.02 per share)

"We are pleased with the strong start to 2015. Santa Elena's record AgEq (3) production delivered solid Q1, 2015 financial results, generating cash flow from operations (1)(2) of $7.3 million and net earnings of $2.5 million . We are confident in Santa Elena's ability to continue to generate positive cash flows during 2015, notwithstanding the lower precious metals price environment. We are pleased our tight cost control measures and record production resulted in cash operating cost (1)(2) of $8.49 per AgEq (3) ounce sold and all-in sustaining cash cost (2) of $11.25 per AgEq(3) ounce sold.

House of Cards - Will it Collapse?

My thought: It is unwise to scramble in front of an oncoming steam-roller in search of dollar bills when real money, gold and silver, is still available at “bargain” prices.

An Insane Financial World

We know that war has been a nearly constant distraction since 9-11 and that a crisis is often used as a justification for economic insanity, such as borrowing more to address an excessive debt problem. It seems likely that weakening economies, deflationary forces, excessive debt, massive unemployment, riots, economic anxiety, consumer price inflation, and so much more, will require more distractions. We should “rig for stormy weather” and expect another crisis and more wars.

“Suicidal Credit-Based Money System”

The US national debt exceeds $18 Trillion, NOT including off-balance sheet items, Fannie and Freddie, and unfunded obligations such as future payments for military pensions, Social Security, Medicare, and more. Depending on who is counting, add another $100 - $200 Trillion in debt.

Lunch With Elvis

Elvis and I had lunch last week. We dined on Sasquatch burgers, fried Unicorn fritters, and we were joined by “the lone gunman.” We had our special luncheon in the main vault room of the Fort Knox Bullion Depository in Kentucky. It was practically empty so converting it to a dining area was relatively easy.

Silver Eagle Rationing Ends...at Just the Right Time!

Those of you who have followed my work know that I have been fighting for the original intent and purpose of the US Eagle Program to be upheld by the US Mint and the US Treasury. I have written countless letters to the Mint and Treasury proving that the rationing of US Silver Eagles was 100% against the law. Here was my first letter to the Treasury and Mint after they announced their original rationing plan...

Gold & Silver: The June Swoon

The month of June is typically a boring one for gold and silver price action, although the latter half of the month tends to be a bit better for gold. That’s the seasonal chart for silver, courtesy of Dimitri Speck. India is the world’s main market for silver, and demand shrivels a bit during the May – June timeframe. As a result, the silver price usually swoons, and frustrated investors can make irrational statements about this mighty metal.

Gold: Surviving the Last Few Months of the Bear Market

As most of you probably know by now, it’s been my belief for about a year that gold’s bear market would not end until at least testing the previous C-wave top at $1050. Every D-wave correction in the secular bull has at least retraced to the previous C-wave top except one.

National Debt - Or 1 is Too Many and 12 Are Not Enough

The Vietnam War in the US is often mentioned as a major cause of the inflationary 1970s. The war and spending escalated in the late 1960s after Johnson became President. The national debt increased about $20 Billion between 1967 and 1968, which was big money back then. But 11 years later the national debt increased by $80 Billion. Once deficit spending and currency devaluation began, it was difficult to return to fiscal sanity.

Here We Go Again -- Another Silver Short Sqeeze Looms

Back on April 15, we accurately projected that a major Spec short squeeze was brewing in the coming days. Nine days later, silver shot higher in a move of +14% in just over three weeks. Well, guess what. The conditions that created that move have returned and another significant short squeeze is right around the corner.

Silver Manipulation May Be The Most Extreme In History

The open interest in Comex silver hit another new all-time high yesterday. As of Wednesday’s final open interest report, the open interest in silver was 189.7k contracts. This is the highest the open interest has been based on data I have going back to April 2005.

Gold Versus The Status Quo

Gold has been a store of value for 1000s of years. You can’t purchase gasoline with gold but it has no counter-party risk and is valued world-wide. In contrast, paper and digital dollars, euros, pounds and yen are debt based fiat currencies backed only by the faith and credit of the governments and central banks which issued them. Devaluation and higher consumer prices are all but guaranteed.

150,000 Cigarettes or 3,275 ounces of Silver

When silver sells for $100 per ounce will cigarettes sell for $40 per pack? This isn’t as outrageous as it sounds. I remember buying Marlboros for 19 cents per pack back in ancient times. Cigarettes are about 35 times as expensive now as in my youth. The current price is $6.50 for a pack, and 35 times that price would be about $225 per pack. Outrageous! The loss of purchasing power in fiat currencies is also outrageous.

COMEX Silver Inventory Update: -43,019.34 ounces

COMEX Silver Inventory Update: -43,019.34 ounces

iShares Silver Trust: 9,696.71 tonnes

iShares Silver Trust: 9,696.71 tonnes

SilverCrest Reports 50m @ 151.8 gpt Ag Eq(i) at La Joya Main Mineralized Trend Continues to Expand

SilverCrest Mines Inc. (SVL.V)(STVZF)(STVZF) (the "Company") is pleased to announce the results of an additional 11 holes of the Phase II drill program currently underway at its La Joya Property in Durango, Mexico. The Phase II program is comprised of 80 holes totaling approximately 15,000 metres. Phase II drilling reported to date has extended the Main Mineralized Trend ("Trend") beyond the area containing the current Inferred Resource of 101.9 million ounces Ag Eq.

COMEX Silver Inventory Update: -306,445.300 ounces

COMEX Silver Inventory Update: -306,445.300 ounces

July 17: Gold and Silver End Slightly Lower

Gold climbed $9.20 to $1598.70 in Asia before it fell back to as low as $1571.63 by about 10:45AM EST, but it then bounced back higher midday and ended with a loss of just 0.49%. Silver saw a 31 cent gain at $27.62 in Asia before it fell back to $26.809, but it then climbed back near its earlier high and ended with a loss of just 0.22%.

iShares Silver Trust: 9,696.71 tonnes

iShares Silver Trust: 9,696.71 tonnes

COMEX Silver Inventory Update: -616,179.956 ounces

COMEX Silver Inventory Update: -616,179.956 ounces

Silver Market Morning

Gold closed in New York at $1,577.3 yesterday. Asia took it to $1,578.94 ahead of London’s opening. London’s morning Fix today was set at $1,580.00 up $1 on yesterday and in the euro at €1,287.064, while the euro stood at €1: $1.2276 up 20 cents on the dollar. Ahead of New York’s opening gold stood at $1,588.00 in the middle and in the euro at €1,291.90.

iShares Silver Trust: 9,696.71 tonnes

iShares Silver Trust: 9,696.71 tonnes

COMEX Silver Inventory Update: -315,986.486 ounces

COMEX Silver Inventory Update: -315,986.486 ounces

July 19: Gold and Silver End Slightly Higher

Gold climbed up to $1591.49 at about 8:30AM EST before it fell back to as low as $1577.15 in early afternoon New York trade, but it then bounced back higher into the close and ended with a gain of 0.23%. Silver rose to $27.60 before it dropped back to $27.13, but it still ended with a gain of 0.07%.

iShares Silver Trust: 9,696.71 tonnes

iShares Silver Trust: 9,696.71 tonnes

COMEX Silver Inventory Update: -775,376.83 ounces

COMEX Silver Inventory Update: -775,376.83 ounces

July 20: Gold and Silver End Mixed on the Week

Gold climbed $5.79 to $1586.79 in Asia before it fell back to $1573.80 by a little before 8:30AM EST, but it then rallied back higher in New York and ended near its new afternoon high of $1587.10 with a gain of 0.18%. Silver slipped to as low as $26.82 before it also rallied back higher and ended near its new afternoon high of $27.437 with a gain of 0.22%.

iShares Silver Trust: 9,696.71 tonnes

iShares Silver Trust: 9,696.71 tonnes

Silver Market Morning

Gold closed in New York at $1,572 yesterday. London opened at the same level as the euro fell below €1: $1.21 on growing fear. London’s morning Fix today was set at $1,573.00 and in the euro at €1,300.537, while the euro stood at €1: $1.2095. Ahead of New York’s opening gold stood at $1,575.25 in the middle and in the euro at €1,301.54.

iShares Silver Trust: 9,708.78 tonnes

iShares Silver Trust: 9,708.78 tonnes

COMEX Silver Inventory Update: -1,329,524.330 ounces

COMEX Silver Inventory Update: -1,329,524.330 ounces

July 24: Gold Gains While Dow Drops

Gold edged up to $1584.09 at about 9:30AM EST before it dropped back to $1569.05 in the next few hours of trade, but it then bounced back higher into the close and ended with a gain of 0.32%. Silver slipped to as low as $26.60 before it also bounced back higher into the close and ended unchanged on the day.

iShares Silver Trust: 9,639.42 tonnes

iShares Silver Trust: 9,639.42 tonnes

COMEX Silver Inventory Update: -670,704.483 ounces

COMEX Silver Inventory Update: -670,704.483 ounces

Silver Market Morning

Gold closed in New York at $1,604.50 up $22.20 on yesterday. London opened slightly higher at $1,606.10 rising to Fix at $1,603.00 $15.50 higher as the euro recovered back over 1: €$1.2185 up 80 cents. In the euro it was Fixed at €1,321.735 up €12.3 on yesterday morning, while the euro stood at €1: $1.2128 almost the same as yesterday. Ahead of New York’s opening gold stood at $1,608.56 in the middle and in the euro at €1,318.98.

COMEX Silver Inventory Update: -329,991.424 ounces

COMEX Silver Inventory Update: -329,991.424 ounces

iShares Silver Trust: 9,639.42 tonnes

iShares Silver Trust: 9,639.42 tonnes

Silver Market Morning

Gold closed in New York at $1,623.40. London opened slightly lower at $1,620 and fell back to Fix at $1,616.50 as the euro fell back to €1: $1.2273. In the euro it was Fixed at €1,317.871 up €8 on Friday’s p.m. Fixing, while the euro stood at €1: $1.2266. Ahead of New York’s opening gold stood at $1,618.60 in the middle and in the euro at €1,320.72.