By: Chris Mullen, Gold-Seeker.com - 17 February, 2017
Gold edged down to $1236.60 in Asia before it bounced back to $1243.70 in London, but it then drifted back lower in New York and ended with a loss of 0.3%. Silver slipped to as low as $17.977 and ended with a loss of 0.44%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 17 February, 2017
Shanghai was trading at 275.90 Yuan towards the close today. This equates to $1,249.96, but allowing for the different quality of gold being traded [.9999 fineness] it stands at $1,244.96. Shanghai continues to lead the way over New York by $5 and $3 over London. With Capital Controls over Yuan outflows reducing turnover volumes in its currency we are watching the classic central bank battles against moves in a currency. We have yet to see a central bank win the battle over controlling an exchange rate. Full Story
Central bank governor has “dream” for every citizen to own at least 100 grams of gold bullion Governor of Central Bank of Kyrgyzstan said the central bank had sold around 140 kilos of gold bullion to the domestic population already Central Asian country’s central bank continues to diversify into gold bullion “Gold can be stored for a long time … doesn’t lose its value for the population as a means of savings” “I’ll try to turn the dream into reality faster…” Full Story
By: Chris Mullen, Gold-Seeker.com - 16 February, 2017
Gold gained $9.50 to $1242.10 in late morning New York trade before it drifted back lower in afternoon trade, but it still ended with a gain of 0.54%. Silver rose to as high as $18.126 and ended with a gain of 0.61%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 16 February, 2017
The dollar rises seen in the last few days, are largely due to speculative, emotional, positioning punting a bullish picture for the dollar. Yes, the superficial view of the factors pointing to a strong dollar, such as higher interest rate differentials coming, more potential dynamic growth and potential cash inflows from repatriated funds look positive for the dollar. But we cannot ignore the desire of the Fed and Treasury to see a weaker dollar for the sake of U.S. international trade. Full Story
Gold is undervalued according to a record number of fund managers Last time gold was considered undervalued, the price surged BAML surveyed 175 money managers with $543 billion in assets under management 34% of investors believe protectionism is the biggest threat to markets Gold viewed as the best protectionist investment by a third of investors Full Story
By: Chris Mullen, Gold-Seeker.com - 15 February, 2017
Gold fell $10 to $1217.40 by a little after 8:30AM EST, but it then rallied back higher for most of the rest of trade and ended with a gain of 0.42%. Silver slipped to as low as $17.76 before it jumped back to $17.982 and then chopped back lower at times, but it still ended with a gain of 0.17%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 15 February, 2017
Shanghai was trading at 273.34 Yuan towards the close today. This equates to $1,238.40, but allowing for the different quality of gold being traded [.9999 fineness] and on today’s exchange rate, to align it with New York and London prices it equates to $1,233.41. LBMA price setting: The LBMA gold price was set today at $1,225.15 down from yesterday’s $1,229.65. Full Story
What Mr. Butler’s brilliant analysis has uncovered is extremely complex, so I’ve had to simplify it so I could understand it myself. Over the years, he has pointed to the technical hedge funds as the big buyers and sellers who move prices up and down. The big banks such as JPMorgan take the other side of these trades. These technical funds usually go long as prices rise and short as prices fall. They trade in and out of their positions based on price movements. Full Story
By: Chris Mullen, Gold-Seeker.com - 14 February, 2017
Gold gained $8.50 to $1234.40 by a little after 8AM EST before it dropped back to $1222.00 in late morning trade, but it then bounced back higher in afternoon trade and ended with a gain of 0.12%. Silver jumped up to $18.072 before it fell back to $17.772, but it then rallied back higher into the close and ended with a gain of 0.67%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 14 February, 2017
Today sees Shanghai closed today, removing the Shanghai influence on the gold price. In the Chinese vacuum, western gold markets are using the opportunity to pull gold prices lower on a day when the dollar is slightly stronger but not sufficient to make the gold price fall. Hence, we see today as a day when we could see bargain hunters. Full Story
Jim Rogers accumulating gold bullion on dips “Get prepared” as “we’re going ‘to have the worst economic problems we’ve had in your lifetime or my lifetime’ Warns that Trump and his team are “very, very keen to have trade wars with China and other people” History shows trade wars lead to real wars Cashless Society – Cash-less means Freedom-less Full Story
By: Chris Mullen, Gold-Seeker.com - 13 February, 2017
Gold fell $14.60 to $1219.40 in late morning New York trade before it rallied back higher into the close, but it still ended with a loss of 0.66%. Silver slipped to as low as $17.759 and ended with a loss of 0.67%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 13 February, 2017
In Shanghai, after the return of those investors from their Lunar New Year, demand has yet to recover fully as they slip back into their usual routine and gain full momentum. Until then we do expect New York and London to stay in line with Shanghai and for the global gold price to be influenced by exchange rates. That is so today too, but we do expect the dollar to weaken. Full Story
McWilliams, who is among the best economics commentators from the only Anglophone nation in the euro – Ireland, has previously warned that the mismanagement of the euro currency has had disastruous consequences on the people in periphery EU nations. He correctly asserts that the mismanagement has been both “both laughable and terrifying”. Full Story
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