Home› Precious Metals

Kitco's "media bias"

jmski52jmski52 Posts: 22,899 ✭✭✭✭✭
in Precious Metals
So, I'm tracking gold right now on CNBC and on Kitco.

The CNBC price shown is $725.20, up $7.00.

The Kitco price shown is $724.30, up $0.40.

I'm just wondering whether they are looking at the same market.
Q: Are You Printing Money? Bernanke: Not Literally

I knew it would happen.

Comments

  • rgCoinGuyrgCoinGuy Posts: 7,478 ✭
    Apmex shows 727.10 bid, 728.10 ask up 7.40.
    imageQuid pro quo. Yes or no?
  • ttownttown Posts: 4,472 ✭✭✭
    Well it maybe due to the fact the prices are updated at different times. Also notice that the US market closes way before the world market which opens on Sunday. While one could be reporting since the close of US Friday the other may be reporting from the open on Sunday. I didn't really see what the market did after the US close on Friday but that maybe what your seeing.
  • RedTigerRedTiger Posts: 5,608 ✭
    Some report spot, some report futures. Some report the "change" as the New York to New York close (spot or futures), some use a 24-hour cycle.

    Investment blog: gold, stocks and more
  • cinman14cinman14 Posts: 2,489 ✭
    I can see where one would get confused. Just pulled up the business headlines and these are the
    story headlines for gold... Makes me wonder if anyone in the media has a clue.



    << <i>Gold fails to shine despite global economic crisis >>





    << <i>Dollar mostly higher, gold falls afternoon trading >>





    << <i>Precious metals prices rise on bargain buying >>




    imageimage
  • StampAlarmStampAlarm Posts: 1,668 ✭


    Try netdania. Runs on java and is live streaming. Also, forex is on this and oil. Takes 5-10 seconds to load.


    Netdania Quotelist.


  • CaptHenwayCaptHenway Posts: 32,228 ✭✭✭✭✭


    << <i>Some report spot, some report futures. Some report the "change" as the New York to New York close (spot or futures), some use a 24-hour cycle. >>



    Some report the most active futures month, without bothering to mention what it is.
    Numismatist. 50 year member ANA. Winner of four ANA Heath Literary Awards; three Wayte and Olga Raymond Literary Awards; Numismatist of the Year Award 2009, and Lifetime Achievement Award 2020. Winner numerous NLG Literary Awards.
  • roadrunnerroadrunner Posts: 28,303 ✭✭✭✭✭
    Kitco was noted for having their gold charts "lock up" during sharp daily run ups in gold in the 2005-early 2008 period. It never occurred when gold was dropping like a stone. I and others always found this "odd." Sort of like the gold price nearly always diving on the Comex from 0930-1100 over the past 7 years.

    roadrunner
    Barbarous Relic No More, LSCC -GoldSeek--shadow stats--SafeHaven--321gold
  • jmski52jmski52 Posts: 22,899 ✭✭✭✭✭
    Kitco was noted for having their gold charts "lock up" during sharp daily run ups in gold in the 2005-early 2008 period. It never occurred when gold was dropping like a stone.

    Gosh, wouldn't that give Kitco an unfair advantage when buying and selling to and from the public?image

    Imagine my surprise.
    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
Sign In or Register to comment.