By: Chris Mullen, Gold Seeker Report - 6 April, 2018
Gold fell $6 to $1320.30 in Asia before it climbed up to $1335.20 in early New York trade and then drifted back lower at times, but it still ended with a gain of 0.51%. Silver chopped between $16.258 and $16.489 and ended with a loss of 0.18%. Full Story
– JPMorgan Chase CEO Jamie Dimon sees ‘chance of market panic’ – In annual letter to shareholders Dimon warns of increased inflation and interest rates – Concerned QE unwinding could cause chaos as ‘markets will get more volatile’ – Hard to look at the last 20 years in America “and not think that it has been getting increasingly worse.” – Positive about US economy over next year, but ignores record levels of world and government debt Full Story
By: Chris Mullen, Gold Seeker Report - 5 April, 2018
Gold fell $10.60 to $1322.80 at about 9:30AM EST before it bounced back higher into the close, but it still ended with a loss of 0.53%. Silver dropped down to $16.181 in Asia, but it then rose to as high as $16.417 in New York and ended with a gain of 0.49%. Full Story
– LBMA report: volume of silver ounces transferred in February fell by 24% – Standard Chartered: gold-silver ratio and supply/demand fundamentals favour silver – Gold/silver ratio at near two-year high on silver’s underperformance – Silver COT reports remain more bullish than at any time in history – Silver expected to outperform gold as macro and industrial factors begin to drive price Full Story
By: Chris Mullen, Gold Seeker Report - 4 April, 2018
Gold gained $16.40 to $1348.10 at about 9AM EST before it slid back lower into the close, but it still ended with a gain of 0.13%. Silver chopped between $16.528 and $16.248 and ended with a loss of 0.67%. Full Story
– Civil rights leader Martin Luther King Jr. assassinated 50 years ago today – An anti-war campaigner, protesting against the damage inflicted by military operations – King was almost prophetic in his vision that wars would drive a bigger wedge between rich and poor – Foresaw the damage that would come to US in terms of costs to society and the economy – Fifty years on Western nations can learn from King’s words when it comes to considering costs of war – War is financed by debt bringing significant financial burdens on investors, savers and future generations Full Story
By: Chris Mullen, Gold Seeker Report - 3 April, 2018
Gold fell $13 to $1328.90 in late morning New York trade before it nearly halved its drop by early afternoon, but it then drifted back lower into the close and ended with a loss of 0.76%. Silver slipped to as low as $16.358 and ended with a loss of 1.08%. Full Story
Gold’s finish for the quarter was its lowest quarterly rise in seven years but price-supporting factors present a bullish environment going forward. In the final week of the quarter gold traders were the most bullish they’ve been since January 26, according to the weekly Bloomberg survey, whilst Goldman Sachs turned bullish on gold for this first time in five years, suggesting they too see gold’s upside potential ahead. Full Story
By: Chintan Karnani, Insignia Consultants - 3 April, 2018
Gold rose on safe haven demand on the back of the stock market sell off. Chinese retaliation on American goods will ensure that gold continues to remain firm. Gold will rise as long as uncertainty over the bullish trend in the global stock market is there. Physical demand in Asia will rise as laggards buy gold. I also see more and more new investors starting to invest in gold. Silver will catch up later than sooner. Full Story
By: Chris Mullen, Gold Seeker Report - 2 April, 2018
Gold gained $18.80 to $1344.70 in early afternoon New York trade before it edged back lower into the close, but it still ended with a gain of 1.21%. Silver rose to as high as $16.673 and ended with a gain of 1.59%. Full Story
– UK high street and wider consumer market feeling effects of financial crisis, Brexit and inflation – 350,000 retails jobs expected to disappear between 2016 and 2020 – Centre for Retail Research predicts 9,500 shops to close this year and 10,200 in 2019 – UK is ‘worst performing’ European market for new car registrations – Moody’s – UK’s growth outlook is the ‘worst in the G20’ – Institute of Fiscal Studies – Consumer spending grow just 1.3% in 2018, a seven-year low – Spending growth dropped by 2.6% since 2016 contributing to UK high street bankruptcies Full Story
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