By: Chris Mullen, Gold-Seeker.com - 16 October, 2015
Gold dipped $7.44 to $1175.46 in Asia before it chopped back higher in London and New York, but it then fell back off into the close and ended with a loss of 0.65%. Silver slipped to as low as $15.946 and ended with a loss of 0.74%. Full Story
Gold was marginally higher yesterday and finished $5.10 higher, closing at $1162.40. Silver closed at $15.85, up $0.1 for the day. Euro gold rose to €1023 per ounce, platinum gained $16 to $993 per ounce. Gold is set for its second week of gains and is up 1.7%. If it close 2-percent higher for the week, it will be its best week in four. Full Story
By: Julian D. W. Phillips, Gold Forecaster - 16 October, 2015
The fall, after hours or in Asia, while a normal part of price fluctuations, emphasizes that these markets are inefficient. But that has been the case for a long time. We do not have a global gold price reflecting the balance of demand and supply. What we do have is a gold price that reflects COMEX’s opinion of where the gold price should be. This does not reflect global demand and supply of the physical gold market. Full Story
I am against buying at current prices in gold and silver unless there is clear evidence of sustainability of the rise. A lot has been said that gold and silver may have formed a long term bottom. But a certain section of the investment community is still not convinced over the rise. There were long term bulls like myself who had advised clients to use dips till August to invest for the long term and have advised still to hold onto to their long positions. Full Story
By: Chris Mullen, Gold-Seeker.com - 15 October, 2015
Gold gained $3.25 to $1191.15 by a little before 8:30AM EST before it dropped down to $1174.96 in the next 20 minutes of trade and then rallied back higher for most of the rest of morning New York trade, but it then drifted back lower again in afternoon trade and ended with a loss of 0.42%. Silver slipped to as low as $15.921 and ended with a loss of 0.19%. Full Story
“In a world where the value of paper money is affirmatively aimed at being degraded by central bank policy, it’s kind of surprising to me that gold can’t catch a bid,” - the billionaire and member of Bloomberg Markets 50 Most Influential said at the SOHN Investment Conference in Tel Aviv yesterday. Full Story
By: Julian D. W. Phillips, Gold Forecaster - 15 October, 2015
Bear in mind that the ongoing demand for physical gold from the Far East continues. We hear reports of lower demand for gold in India, but find this difficult to accept as smuggled gold comes in unseen and immeasurable at a 10% discount to ‘official’ gold as they are ex-duties. Indians are unfazed by buying such gold, so it is logical that ‘official’ imports of gold should suffer. Nevertheless projections of 900 to 1,000 tonnes will be imported into India through ‘official’ channels this year. Full Story
By: Chris Mullen, Gold-Seeker.com - 14 October, 2015
Gold gained $7.79 to $1175.89 in late Asian trade before it fell back to $1163.49 in London, but it then rose to as high as $1189.80 in New York and ended with a gain of 1.7%. Silver surged to as high as $16.197 and ended with a gain of 1.64%. Full Story
Gold prices are headed for a critical test according to The Week today. The Federal Reserve’s ‘wait and see’ stance suggests policymakers there are in no rush to increase rates this year. “Sentiment over interest rates has been controlling gold prices all year,” says The Week “as traders prepare for a rise that will lessen the attraction of non-yielding commodities and boost the dollar”. Full Story
By: Julian D. W. Phillips, Gold Forecaster - 14 October, 2015
The attack on ‘Frackers’ in the U.S. through ongoing low oil prices continues and will until that productions is lowered heavily. In addition the Shi’ite oil producers will see Iranian oil come onto the market to put more downward pressure on the oil price. The Sunni producers [Saudi Arabia and producers on the west of the Persian Gulf] will continue to keep production as high as they can as part of the ongoing antagonism between the two sides of Islam. So low oil prices are here to stay. Full Story
Syria is having a positive effect on gold prices. The higher upward prices will result in continued demand with every price fall (if any) in gold and silver. A weaker US dollar is further aiding them. Silver under performs as Chinese industrial activity continues to fall. Full Story
By: Chris Mullen, Gold-Seeker.com - 13 October, 2015
Gold fell $10.21 to $1152.19 in London, but it then climbed higher throughout most of trade in New York and ended with a gain of 0.49%. Silver rose to as high as $15.991 and ended with a gain of 0.32%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 13 October, 2015
New York closed with the gold price at $$1,162.40 up from $1,157.30. In Asia this morning gold fell back to $1,156 ahead of London’s opening. The gold price was set at $1,154.40 down from $1,164.20 at the LBMA gold setting. The dollar Index was almost unchanged at 94.76 from 94.72 and the dollar was trading against the euro at $1.1390 down from $1.1379. In the euro the fixing was €1,013.35 down from €1,023.11. Ahead of New York’s opening gold was trading at $1,154.65 and in the euro at €1,013.74. Full Story
Marc Faber is an eloquent advocate of owning physical gold which he describes as being a way to become “your own central bank.” He believes an allocation to physical gold will serve as vital financial insurance and that Singapore is the safest place to own gold in the world today. Full Story
By: Chris Mullen, Gold-Seeker.com - 12 October, 2015
Gold gained $11.48 to $1168.78 at about 8AM EST before it chopped back lower in morning New York trade, but it still ended with a gain of 0.44%. Silver rose to as high as $16.077 and ended with a gain of 0.06%. Full Story
"The key to successful long term investing is diversification and owning a range of different quality assets.
Gold has been shown to enhance returns and to reduce overall volatility over the long term. This was clearly seen during the financial crisis when gold was one of the very few assets to surge in value.” Full Story
By: Julian D. W. Phillips, Gold Forecaster - 12 October, 2015
The economic state of nations is not critical to the gold price. It is the exchange rate resulting from that scene that is. But with interference in exchange rates by the different authorities in various ways, distortions have occurred in their values. At the same time confidence in those values has waned. We are therefore moving into an era where these distortions impact on confidence in the monetary system. Full Story
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.
