Factbites
 Where results make sense
About us   |   Why use us?   |   Reviews   |   PR   |   Contact us  

Topic: Gold Fixing


Related Topics

In the News (Sun 3 Jun 12)

  
  LONDON GOLD FIXING RITUAL
The participants at the first fixing were from Rothschild, which chaired the meeting and every subsequent one, Mocatta and Goldsmid, Pixley andAbell, Samuel Montagu and Co. and Sharps Wilkins.
International gold trading is an around-the-clock business, with the London Market overlapping those of the Far East in the morning and New York in the afternoon.
Gold's performance this week, staying above the breakout point of US$400after falling back from a recent high near US$419, is a sign that quite a struggle is taking place between the bugs and the bears.
www.kitco.com /london.fix.article.html   (784 words)

  
 The Gold Market, Part 1
Gold is only one of many commodities that over the years have served as money--as a medium of exchange--in international trade and financial transactions.
Even though immediately before and after a fixing gold trading will continue at prices that may vary from the fixing price, the fixing price is an important benchmark in the gold market because much of the daily trading volume goes through at the fixing price.
During the early years of the gold pool, it came to be believed that there was a deficiency of international reserves and that more reserves had to be created by legal fiat to enable reserve-holders to diversify out of the U.S. dollar and gold.
www.aci.net /kalliste/Gold1.htm   (4261 words)

  
 The Week in Gold -- 2000
Gold was fixed little changed at $264.30 in London Monday morning; the influence of currency markets on prices appeared to have faded somewhat, but traders were still cautious in case of any major change in exchange rates and uncertain over the US election and volatility in equities.
Gold lease rates showed a stronger tone over the week, with the market suggesting that the higher prices were encouraging a rise in producer hedging; over this period the one-month rate rose sharply from 0.35% to 0.75% and the 12-month rate from 1.20% to 1.50%.
Gold was fixed at $283.50 on Monday morning, and climbed to a spot high of $284.75 in London - the highest level of the week - before easing back as the US stock market showed no signs of repeating the volatility that had marked trading the previous week.
www.usagold.com /wgc2000.html   (22237 words)

  
 Markets & Finance   (Site not responding. Last check: 2007-09-18)
In London, the price of gold is 'fixed' twice daily at 10.30 am and 3 pm at the premises of N.M. Rothschild and Sons, whose representative acts as chairman.
They have chaired the fixing, which is held in their offices, since 1919 and are the sole independent survivors of the original fixing members.
At the fix, a trader from each of the five members sits at a desk in a special room at Rothschilds', each with an open telephone line to their own trading room.
www.pamp.com /gold_c/Info_site/in_mark/in_ma_lond_fix.htm   (539 words)

  
 Complaint
Gold's use in ordinary domestic coinage ended in 1934 with the monetary measures of the New Deal, including the devaluation of the dollar from $20.67/ounce to $35/ounce and a general prohibition on the ownership of gold by United States citizens.
Gold producers often borrow gold through their bullion banks and sell it forward in order to earn the contango on some portion of their future production as well as to gain a measure of protection against falling prices.
Gold derivatives, like other over-the-counter derivatives, are generally measured by their notional values, which are the face or reference amounts from which derivative payments are determined.
www.goldensextant.com /Complaint.html   (9319 words)

  
 London Gold Fixing
The London gold fixing is a clearly posted quoted price for gold that occurs twice a day.
As expected, the London Gold Fixing has announced that it will in future rotate the chairmanship of the arrangement and end a tradition of meeting in person to set bel lwether gold prices twice a day.
As part of this change, it is intended that a web-based commentary of the Fixing will be introduced later this year", the Fixing said in a statement.
www.kitco.com /glossary/london_fix.html   (683 words)

  
 London Gold Fix
The price of gold is fixed twice daily in London by the five members of the London gold pool, all members of the London Bullion Market Association.
The other common error is for people to think the gold fix price is a fixed price, as in today's price or this morning's price, and that all gold transactions for the whole morning, afternoon or day, are carried out at the fixing price.
We will agree to buy, or sell as the case may be, a fixed amount of gold in the form of bars, krugerrands, sovereigns, or other gold bullion formats, at either a percentage or a fixed amount relative to the fix.
www.taxfreegold.co.uk /londongoldfix.html   (686 words)

  
 GOLD PRICE   (Site not responding. Last check: 2007-09-18)
Gold fixing is the internationally recognized benchmark for gold price.
Orders executed at the fixings are conducted as principal-to-principal transactions between the client and the dealer through whom the order is placed.
There are five members of the Gold Fixing — all of whom are market making members of The London Bullion Market Association.
www.gold-investments-comprehensive-guide.net /gold-price.html   (292 words)

  
 The London Gold Market Fixing Ltd - Introduction   (Site not responding. Last check: 2007-09-18)
The fix is carried out twice a day at the offices of N M Rothschild and Sons Ltd by the 5 members in keeping with tradition, but with the added advantage of being connected to the most sophisticated trading rooms in the world.
At the start of each fixing, the Chairman (who has been a representative of N M Rothschild and Sons Ltd since the inception of the Fix), announces an opening price to the other 4 members, who report that price back to their dealing rooms.
Alternatively, they may choose to be kept advised of price changes throughout the Fixing and may alter their orders accordingly at any time until the price is fixed.
www.goldfixing.com /intro   (412 words)

  
 Facts about the London Bullion Market
The Gold Fixing is conducted twice a day by telephone, at approximately 10:30 am and 3:00 pm.
Throughout the proceedings customers may change their orders, at which point the fixing member will raise a small flag to visually convey to the other members that they are changing their order.
The fixing is an open transparent process that allows customers to be kept advised of price movements, together with the changes in the level of interest, while the fixing is in progress such that they may cancel, increase or decrease their interest dependent upon this information.
www.lbma.org.uk /london_faq_fixings.htm   (448 words)

  
 London Gold Prices
The same ceremony has been performed the same way, in the same place, and with mostly the same firms participating since the first gold fixing was enacted at Rothschild in St. Swithin's Lane on Friday, Sept. 12th, 1919.
When the five representatives met at Rothschild on that first Friday in 1919, gold was fixed at four pounds, 18 shillings and nine pence- about USD$ 7.50 in today's terms.
The participants at the first fixing were from Rothschild, which chaired the meeting and every subsequent one, Mocatta and Goldsmid, Pixley and Abell, Samuel Montagu and Co. and Sharps Wilkins.
www.austincoins.com /London_gold_prices.htm   (460 words)

  
 Gold Price Fixing Lawsuit [Free Republic]   (Site not responding. Last check: 2007-09-18)
The fixing and manipulation is being done by Greenspan and the European Central Bankers, including the Bank of International Settlements.
J.B. Gold is the only assurance of honesty in money - the gold standard is exactly what would protect the monetary system from govt abuse (and the US is about to get it bigtime thanks to US Treasury and Easy Al Greenscam's money pumping) and possible market fixing schemes.
Wait until the computer hardware manufacturers shifts to using gold again (back in the 70s IBM switched from using mostly gold conductors to palladium, palladium was cheaper than gold then) instead of the now more than $800/Oz palladium.
www.freerepublic.com /forum/a3a68f2500812.htm   (1815 words)

  
 Kanda Precious Metals Ltd Jewellery 24ct 22ct gold Bullion, Silver, Coins
The London Gold Market identifies its former origins with the first Gold Fixing, which was held on 12th September1919 at the London offices of N M Rothschild and Sons at New Court, St Swithin’s Lane, London EC4.
The 5 firms through which the Gold Fixing prices in US dollars are derived twice daily at meetings starting at 10.30 am and 3.00 pm.
The volume of gold traded through the Gold Fixing meetings cannot be ascertained, as each of the 5 firms totals the order of its individual customers worldwide into a net requirement to buy or to sell at various levels of the good price.
www.kandagold.com /facts_bullion01.htm   (510 words)

  
 Harry Schultz On Gold - December 28, 2001
Yet the short position in gold, via derivatives, is the largest (or 2nd largest after interest rates) in the world.
It's a true gold war, a war for survival by the cheaters (a gold Mafia) vs we freedom fighters who want a free/honest mkt for gold, & want gold to again be the measuring stick of monetary system health.
But at least we gold advocates had ONE day in court, a day when AllTheMoneyInTheWorld was, for a moment, in danger of having to answer for their sins.
www.gold-eagle.com /editorials_01/schultz122801.html   (1025 words)

  
 History of the London Gold Fix
Anachronistic or not, it works to give the gold market a snapshot of the spot price of gold at a particular moment in time.
The participants at the first fixing were from Rothschild, which chaired the meeting and every subsequent one, Mocatta & Goldsmid, Pixley & Abell, Samuel Montagu & Co. and Sharps Wilkins.
In a hot gold coin or platinum market, gold prices and platinum prices change rapidly and we reserve the right to refuse orders over the internet due to volatile gold or platinum prices.
goldinfo.net /londongoldfix.html   (698 words)

  
 London Gold Fixing - AM/PM with 55 day simple moving average.
Here is a graph of London Gold Fixings AM/PM with 55-day simple moving average.
For example, today's London Gold Price on this graph is the average of today's and yesterday's AM and PM prices.
First the average of the AM/PM Gold Fixing is calculated.
www.smallinvestors.com /gold/GoldLondonFix.htm   (474 words)

  
 London Gold Market Fixing Ltd | Archives... | Clients | Accessible website design - website hosting
On the 12th September 1919 at 11.00am the first Gold Fixing took place.
Create a flash intro that would show the gold fix indicators.
All five members of the gold fix must be referenced on the web site.
www.catics.com /index.php?id=21   (324 words)

  
 CNW Group   (Site not responding. Last check: 2007-09-18)
First established in 1919, the London Gold Fixing had been chaired by Rothschild for the past 85 years.
In addition, the Fixing is also adopting new processes and technologies to further enhance this long established benchmark for the world's gold market.
Scotiabank President and CEO Rick Waugh holds a 400- ounce bar of gold worth approximately C$215, 000 in Toronto, Wednesday, May 5, 2004, to mark the first day the Bank chaired the London Gold Fixing.
www.newswire.ca /en/releases/archive/May2004/05/c9194.html   (620 words)

  
 Live gold prices, silver price charts & news.
The Times - GOLD bulls predict that the price of the precious metal will return to its 25-year-old all-time high of $850 an ounce in the next few years, despite a heavy sell-off last week.
The gold price has gained nearly 16% so far this year and touched a high of $540 on Monday, before plunging to $508 by the end of the week because of heavy selling in Japan...>>>>
Gold up early in NY, other precious metals follow
www.thebulliondesk.com   (546 words)

  
 London Gold & Silver Statistics from the LBMA
London Gold & Silver Statistics from the LBMA
Fixing data reproduced by kind permission of the London Gold Market Fixing Ltd. and the London Silver Market Fixing Ltd.
Whilst great care has been taken to ensure that the data and information contained on this website is accurate, the LBMA can accept no responsibility for any mistakes, errors or omissions or for any action taken in reliance thereon.
www.lbma.org.uk /statistics_current.htm   (75 words)

  
 gold fixing - definition of gold fixing - what does gold fixing mean? What is gold fixing?
gold fixing - definition of gold fixing - what does gold fixing mean?
The process of determining the price of gold based on supply and demand forces of the market; which occurs twice daily in London.
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions :: Contact Us :: Request an Exchange :: Affiliate Scheme
www.advfn.com /money-words_term_2202_gold_fixing.html   (151 words)

  
 Gold Price History - 2005 - London Gold Fixing
Gold Price History - 2005 - London Gold Fixing
Want a FREE Information Packet on gold ownership?
The USAGOLD logo and stylized gold coin pile are trademarks of Michael J. Kosares.
www.usagold.com /reference/prices/2005.html   (53 words)

  
 BIS-PFcase   (Site not responding. Last check: 2007-09-18)
4/8/2002 - The Battle Ahead: Truth and Justice in the Gold Market
3/9/2001 - BIS-Gold Price Fixing Case: Status Report
12/6/2000 - Guest Article: Evidence of Gold Manipulation on the COMEX
www.goldensextant.com /BIS-PFcase.html   (218 words)

Try your search on: Qwika (all wikis)

Factbites
  About us   |   Why use us?   |   Reviews   |   Press   |   Contact us  
Copyright © 2005-2007 www.factbites.com Usage implies agreement with terms.