Add the price of gold bullion and sunk again Monday morning, commodities futures fell, world stock markets and the euro currency and $ 1,560 per ounce in London trade to hit 1.3% had to lose one more time coalition Government amid negotiations failed in Athens.
Greece country "of June", you may be able to pay salaries and pensions to stand in a letter warning the Prime Lucas Papadimos-party leader, according to the leaked to the press today-the international bail-out to cut tax revenues of the tranche of may because it is falling.
Spain police this morning after another weekend of protest in Madrid's Puerta del Sol, the last 200 "indignant" and remove the protesters.
Spain government debt fell more on Monday, the price of the new bond auctions later today, more than 10-year yield of 6.2% ahead.
Silver bullion also fell hard, starting this month, $ 28.44 per ounce and 8.9% loss.
Gold fell 6.5% so far.
"A low not seen since December 2011 gold and silver has moved from the level I don't think trading but we ended the Gold bull market," Morgan Stanley analyst says the memo.
The more they expect the price of gold futures traders now is speculation by the sharp increase of "short selling" additional "technical points to [but] surely the damage done when we think it's reversible," looking at the chart.
"The last time I was here was to embark on such a move higher, prices are near 1800 dollars per ounce, Kyu. We are buyers of gold here. "
The latest data from United States regulators at futures and options they are able to take off last Tuesday optimize your agreement ends week sharply bearish bets and raises a large speculative players.
That's up to 1-5 in the tone-388, their "net long" drop the lowest level since December 2008, and led to an unprecedented record in August, almost 60% down by.
Standard Bank, "trust signals" a lack of continuous ground says "net speculative length, mark [gold futures] appears clearly weaker compared to historical norms,"
"Investors appeared over the last couple of weeks, too cautious in the short run to gold, while it seems that this fear evaporated." because it's "embarrassing" lower gold futures increased in price are betting on the ground are called speculative trading
Later, in the currency markets, where the euro vs. dollar $ 1.2860--a new four-month low fell "we keep the target for $ 1.20 euro/dollar," said Steve BARROW, a currency strategist with fellow land.
"It takes time for this, or come to depend on the number of seconds, Greece's political impasse."
Energy, metals, food prices in the European stock markets falling 5.3%, 3% of their value, along with Madrid, Athens, losing more than 2 percent Monday morning, the loss of one more all sank.
Weekend in Sweden, as well as the "per Jansson said the Central Bank [Greek outlet] are described in the question of the" Central Bank of Ireland, and the European Central Bank policymaker's senior fellow Patrick Honohan told reporters "you can manage technically."
"We will be on the euro in Greece but Greece is its promise of hope should live," a European Commission spokesman said Monday morning.
Agree with the terms and conditions violates the bail-out of Greece deal if you are staying in the euro will be "an impossible expression and irresponsible statement, I think that in that sense," said Finland's Europe Minister Alexander Stubb today in Athens in progress calls to end to the cut.
Germany Chancellor Angela Merkel's Christian Democratic Union, which in the meantime Sunday, her Social Democrats and Greens defeated the Allied forces of the North, giving the majority 50% of the vote in the primary election in a drawing only 26% of Mont pain.
Germany's wholesale market in April, new data show inflation greatly today, 17-country eurozone fell 2.2% year over year, industrial production was much harder than expected, while the down.
FX market in the euro today was the slowest month for United Kingdom pound gold gift or fresh chunks of 42, but, for the first time this year in the eurozone, slipping below per kilo € 39100 buyers for gold prices fell less quickly.
India buyers for "Lupe's weakness against the dollar, the price in gold," Wall Street Journal, said Jeffrey Rose, precious metals, commodities DMCC-Dubai International's global head says.
"He is one of the world's largest market is likely to act as a drag on demand."
"These days, almost all of the action is" time India Jaipur Goldsmith complaints. "The first 21-day long strike and now increasing gold prices rendering our jewelers are unemployed.
"It's hard for us to survive."
India imported gold has fallen by two thirds in the last month compared with April of 2011.
"We [all] will be happy to cross 800 tonnes this year" — about 20% of that from 2011-Dubai says global service broker Richcomm.
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BullionVault, 14 may ' 12
London gold market report is a daily market review at BullionVault, the world's largest physical gold and silver market private investor specializing in the trade body for the London bullion market Association: Member, published by BullionVault, LGMR market is open every day in the world of insider notes, and when bringing a $ 240 billion per day wide physical gold trading and the latest financial and economic context at the very center of putting the price action analysis
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