By: Chris Mullen, Gold-Seeker.com - 15 January, 2016
Gold gained $20.33 to $1097.23 at about 9AM EST before it chopped back lower at times, but it still ended with a gain of 1.04%. Silver rose to as high as $14.128 and ended with a gain of 0.43%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 15 January, 2016
The New York gold price closed Monday at $1,076.90 down from $1,094.60. In Asia it was moved down to $1,083.00 and London held it just below that with the LBMA price set at $1081.1 down from $1,090.75 with the dollar index almost the same at 98.97 from 98.94 on Thursday. The euro was at $1.0897 up from $1.0883 against the dollar. The gold price in the euro was set at €992.29 down from €1,002.25. Ahead of New York’s opening, the gold price was trading at $1,081.15 and in the euro at €992.29. Full Story
2015 was a troubling year for the financial markets. Across currencies, commodities, equities and fixed income, full year performance was lacklustre in terms of aggregate returns and worrying in terms of risk metrics. Market volatility at the outset of 2016 suggests we are likely to see more volatility in 2016. Full Story
Gold and silver will break free from the recent consolidation phase and form a new range anytime. US December retail sale numbers will not affect bullion prices in a big way. If silver trades below $1360 then it will test two hundred month moving average of $1320. There is still hope for silver bulls as long as it trades over $1320. It will hopeless for silver it if trades below $1320 for a few days. Full Story
By: Chris Mullen, Gold-Seeker.com - 14 January, 2016
Gold fell $23.16 to $1071.44 by early afternoon in New York before it bounced back higher into the close, but it still ended with a loss of 1.62%. Silver slipped to as low as and ended with a loss of 2.19%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 14 January, 2016
The New York gold price closed Monday at $1,094.60 up from $1,089.60. In Asia it was moved down to $1,090.45 and London held it there and the LBMA price was set at $1090.75 up from $1,081.80 down with the dollar index lower at 98.94 up from 99.25 on Wednesday. The euro was at $1.0883 up from $1.0817 against the dollar. The gold price in the euro was set at €1,002.25 up from €1,000.09. Ahead of New York’s opening, the gold price was trading at $1,085.75 and in the euro at €997.38. Full Story
UBS has warned that the seven-year cycle in equities is rolling over, we could see a sharp 30% correction in stocks and that as per the headline of their ‘Technical Outlook 2016′, it is time to “buy gold”. In their just released research note entitled ‘The 7-Year Cycle in Equities Is Rolling Over … Buy Gold!’, analysts Michael Riesner and Marc Müller believe the bear market that has dominated the price of gold since 2011 is nearing a bottom, with the “basis for the next multi-year bull market” now taking hold. Full Story
By: Chris Mullen, Gold-Seeker.com - 13 January, 2016
Gold fell almost $10 to $1079.87 in Asia, but it then rallied back higher in New York and ended near its late session high of $1095.23 with a gain of 0.46%. Silver rose to as high as $14.201 and ended with a gain of 2.46%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 13 January, 2016
The New York gold price closed Monday at $1,089.60 down from $1,095.00. In Asia it was moved down to $1,081.5 but London held it there and the LBMA price was set at $1,081.80 down from $1,094.85 with the dollar index higher at 99.25 up from 98.94 on Tuesday. The euro was at $1.0817 down from $1.0856 against the dollar. The gold price in the euro was set at €1,000.09 down from €1,008.52. Ahead of New York’s opening, the gold price was trading at $1,082.55 and in the euro at €1,000.51. Full Story
John Hathaway, respected authority on the gold market and senior portfolio manager with Tocqueville Asset Management has written an excellent research paper on the fundamentals driving the gold market today. Full Story
The fall in gold and silver is due to selling after they failed to trade over $1100 and $14.00. There has been an increase in gold ETF demand. Migrants are changing Europe. The numbers have been drastically increased of the sexual violence cases on the New Year Eve in Cologne, Germany. Some TV news channels have said that Stockholm has also suppressed cases of sexual violence cases by migrants. Turkey’s bomb blast will affect its tourism. The change by migrants in Europe will be felt this year. Migrants in Europe is a reason to invest in gold and/remain invested in gold for the long term. Full Story
By: Chris Mullen, Gold-Seeker.com - 12 January, 2016
Gold fell $11.22 to $1083.78 by a little before 10AM EST before it bounced back higher at times, but it still ended with a loss of 0.49%. Silver slipped to as low as $13.75 and ended with a loss of 0.51%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 12 January, 2016
The New York gold price closed Monday at $1,095.00 down from $1,102.50. In Asia it was moved to $1,095.2 but London held it there and the LBMA price was set at $1,094.85 down from $1,104.70 with the dollar index higher at 98.94 up from 98.52 on Monday. The euro was at $1.0856 down from $1.0895 up against the dollar. The gold price in the euro was set at €1,008.52 down from €1,013.95. Ahead of New York’s opening, the gold price was trading at $1,092.70 and in the euro at €1,006.31. Full Story
American Eagle silver coin sales jumped on Monday after the U.S. Mint said it set the first weekly allocation of 2016 at 4 million ounces, roughly four times the amount rationed in the last five months of 2015, after a surge in demand. More than half of the week’s allocation sold on Monday, the first day of 2016 sales, the mint said, a sign that demand remains strong as spot silver prices hovered above a 6-1/2-year low of $13.60 per ounce hit in December. Full Story
By: Chris Mullen, Gold-Seeker.com - 11 January, 2016
Gold saw decent gains for most of trade in Asia, but it then chopped back lower in London and New York and ended near its late session low of $1094.43 with a loss of 0.68%. Silver slipped to as low as $13.839 and ended with a loss of 0.36%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 11 January, 2016
The New York gold price closed Friday at $1,102.50 down from $1,109.30. In Asia it was moved to $1,104 but London pulled it back to $1,100 but the LBMA price was set at $1,104.70 up from $1,097.45 with the dollar index lower at 98.52 down from 98.82 on Friday. The euro was at $1.0895 up from $1.0882 against the dollar. The gold price in the euro was set at €1,013.95 up from €1,010.12. Ahead of New York’s opening, the gold price was trading at $1,103.15 and in the euro at €1,012.25. Full Story
He notes the many incongruities to be seen in the gold market today and that while “nobody seems to care” about gold anymore, central banks have turned from sellers to buyers and demand for bullion is robust globally, especially in China, where the Shanghai Gold Exchange (SGE) is delivering more than 50 times more gold than the exchange perceived to set world prices, the New York Commodities Exchange (COMEX). Full Story
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