Gold traded mostly slightly higher in Asia and London before it fell $5.70 to as low as $1475.70 by about 8:30AM EST, but it then rallied back higher in New York and ended near its late morning high of $1498.19 with a gain of 0.7%. Silver fell to $33.17 by a little after 8AM before it also rallied back higher and saw a slight gain at $36.43 by late morning, but it then fell back off in the last couple of hours of trade and ended with a loss of 2.34%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 6 May, 2011
Gold fell heavily in New York yesterday down to $1,462 down nearly $53 before rebounding in Asia. These sales were a repeat of yesterday’s pattern and executed outside the main market times as we explained yesterday. Full Story
WHOLESALE TRADERS looking to buy gold saw Dollar prices whip in a $10 range on Friday in London, heading into the weekend at $1488 per ounce – 5.5% below Monday's record-high spike– as European equities and global commodities stemmed their losses. Full Story
Gold and silver are tentatively higher after their 2% and 8% falls yesterday. In silver, speculators on the COMEX continue to liquidate on mass after margin was increased a massive 84% and as various stop loss levels are hit leading to further falls in the futures market. Full Story
Gold climbed $7.40 to $1521.80 in Asia before it fell back to $1496.55 in London and then rebounded to back above $1510 by midmorning in New York, but it then fell to a new session low of $1477.33 in the last hour of trade and ended with a loss of 2.18%. Silver rose slightly to $39.57 in Asia, but it then fell back off for most of the rest of the day and ended near its late morning low of $35.708 with a loss of 8.13%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 5 May, 2011
Gold fell heavily in New York yesterday down to $1,514 as one large seller of gold tried to exits the market a bit too quickly. It does look like a messy piece of dealing though. Placed at the Fix we do not believe that the price would have fallen so easily and that amount would have been taken off the market by the big buyers there. Full Story
PRICES in LONDON's wholesale spot gold market briefly dipped beneath $1500 per ounce the first time in a week on Thursday in London, bouncing to $1509 – and recovering faster vs. the Euro and Sterling – as both the UK and Eurozone central banks held their interest rates unchanged, significantly below the rate of inflation. Full Story
Gold stabilised in Asian and early European trading prior to a 1% fall, while silver’s sharp price fall continues and silver is now down 20% in USD terms in 5 days. The huge and unprecedented increase in margin in the paper silver market has forced some weak hands out of the silver market and allowed the concentrated shorts on Wall Street to press their advantage to the downside. Full Story
Gold fell $10.50 to $1529.50 in London before it rebounded and saw a slight gain at $1543.09 at about 8:30AM EST, but it then fell to a new session low of $1506.05 by early afternoon in New York and ended with a loss of 1.66%. Silver fell to as low as $38.962 by early afternoon in New York and ended with a loss of 7.09%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 4 May, 2011
Gold continued to consolidate in Asia, taking it up to $1,536 from the close of $1,530. But the dollar began to fall as London opened and currently stands at $1,4874 leaving gold in the euro at €1,033.41. Full Story
THE PRICE OF GOLD held tight as silver prices sank once again in London on Wednesday morning, sitting above last night's two-session low of $1528 per ounce while silver dropped to new 3-week lows, flirting with the technical definition of "bear market". Full Story
Gold is mixed while silver is down some 1.5% again today. Weakness is being attributed to profit taking , momentum driven traders and rumours regarding selling of gold and silver by George Soros’s fund. Full Story
Gold dropped down to $1532.49 by late morning in New York before it bounced back higher midday, but it still ended with a loss of 0.33%. Silver slumped throughout most of the day and ended near its late session low of $42.375 with a loss of 2.93%. Both metals are falling further in after hours access trade as well. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 3 May, 2011
Today, all markets are back from holiday. Asia did nothing about the pullback in prices of gold and silver. Before London opened silver stood at $45. And gold at $1,546 and the U.S. dollar at 1.48. The Fix in London was set at $1,546.50 and in the euro at €1,045.20. Please note that on Thursday ahead of the weekend the gold price was set at $1,535.50 and in the euro at €1,034.36. The thin trade over the weekend saw gold shoot up and then retreat, but still leaving gold up $10 and €11 after the weekend. Full Story
THE PRICE OF GOLD hit new all-time Dollar highs at the AM London Fix on Tuesday, while silver traded near a two-week low, world stock markets slipped, and commodity prices fell hard. An early rise in global equities faded as the Reserve Bank of India today hiked its key interest rate and Euozone factory input-price inflation showed a surprise rise. Full Story
Gold has remained robust despite the potentially negative short term implications for safe haven demand due to Bin Laden’s murder. This suggests that market participants do not believe that the Bin Laden death is of any great importance or that participants realize that the global economy faces greater challenges than that of Bin Laden and al Qaeda. Full Story
Whatever happens in the days and weeks ahead, we seriously doubt that the long-term bull-market in precious metals is in jeopardy, since none of the fundamental factors that have been driving bullion quotes higher have changed. In particular, we expect Fed easing to continue until the dollar collapses, taking the financial system with it. Full Story
Concerning Gold, minor, technically-derived targets have kept us quite bullish the whole way up. But the most immediate such target is not a minor one. Rather, it is a major “Hidden Pivot” that has been nearly three months in coming, and it sits fully $200 above the “ideal” price where long-term bulls might have gotten long or augmented an existing stake. Full Story
May Day in Europe has is a holiday as was Friday, so the current market is thin and volatile not truly reflecting the gold and silver markets. The moves in the gold price are even attributed to the death of Osama bin Laden, although there are few men of investment prowess that would buy or sell gold and silver on that news. In Asia some speculators thought that a bear raid was in order in such a thin market, taking silver down below $43 but this raid petered out ahead of New York’s opening as silver moved back above $45.50. Full Story
The interesting thing about gold is that although it has been in a steady long-term uptrend there has still been no meltup, such as we have seen in silver, but if the dollar really caves in that could very well happen - and such a meltup may have just started this past Friday. Full Story
By: radio.GoldSeek.com - The Gold and Silver Review - 1 May, 2011
1st Hour:
Headline news & the Market Weatherman Report. Spotlight Stock Picks. Host Chris Waltzek & Bob Chapman, The International Forecaster discussion and answer listener's questions.
The content on this site is protected
by U.S. and international copyright laws and is the property of GoldSeek.com
and/or the providers of the content under license. By "content" we mean any
information, mode of expression, or other materials and services found on GoldSeek.com.
This includes editorials, news, our writings, graphics, and any and all other
features found on the site. Please contact
us for any further information.
Live GoldSeek Visitor Map | Disclaimer
The views contained here may not represent the views of GoldSeek.com, Gold Seek LLC, its affiliates or advertisers. GoldSeek.com, Gold Seek LLC makes no representation, warranty or guarantee as to the accuracy
or completeness of the information (including news, editorials, prices, statistics,
analyses and the like) provided through its service. Any copying, reproduction
and/or redistribution of any of the documents, data, content or materials contained
on or within this website, without the express written consent of GoldSeek.com, Gold Seek LLC,
is strictly prohibited. In no event shall GoldSeek.com, Gold Seek LLC or its affiliates be
liable to any person for any decision made or action taken in reliance upon
the information provided herein.
