By: Chris Mullen, Gold-Seeker.com - 17 April, 2015
Gold climbed $8.59 to $1207.59 at about 6:30AM EST before it fell back to $1200.90 in the next few hours of trade, but it then rallied back higher into the close and ended with a gain of 0.46%. Silver rose to as high as $16.525 in London, but it then fell back off for most of the rest of trade and ended with a loss of 0.18%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 17 April, 2015
New York closed at $1,199.00 down $3.50 on Thursday in NY. Asia took it up to $1,203 with London holding it there ahead of the LBMA Gold Price. The LBMA Gold price was set at $1,204.55 almost the same as yesterday. The euro equivalent stood at €1,111.72 down €17.50 against a weaker $: € rate of $1.08355 against yesterday’s $1.0673. Ahead of New York’s opening, gold was trading higher in London at $1,205.20 and in the euro at €1,115.05. Full Story
Gold remained firm above $1,200 an ounce today with the weaker dollar, negative economic data and concerns about a Greek debt default supporting this week. Greece’s government has been dead locked in talks over harsh measures to its bailout loans. Germany’s Finance Minister said an agreement next week would be unlikely increasing the likelihood of a default. Full Story
By: Chris Mullen, Gold-Seeker.com - 16 April, 2015
Gold waffled between $1207.53 and $1199.99 in early Asian trade before it edged up to $1208.89 at about 4AM EST and then dropped back to as low as $1195.54 by late morning in New York, but it then drifted back higher in early afternoon trade and ended with a loss of just 0.29%. Silver slipped to as low as $16.178 and ended with a loss 0.18%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 16 April, 2015
New York closed at $1,202.50 up exactly $10.00 on Wednesday in NY. Asia took it up to $1,205 with London holding it there ahead of the LBMA Gold Price. The LBMA Gold price was set at $1,204.60 up $14.75 on Wednesday’s level. The euro equivalent stood at €1,129.22 up €5.55 against a weaker $: € rate of $1.0673. Ahead of New York’s opening, gold was trading higher in London at $1,208.00 and in the euro at €1,125.71. Full Story
- “Renewed global property bubble” warned of by Financial Times - Research company MSCI says returns on property last year averaged 9.9% globally - “Best performance” since 2007 and fifth consecutive annual rise - Rents have not increased in line with asset appreciation - Speculators moving into more risky peripheral markets around the major hubs like London - Demand being driven by lack of yield and ultra loose monetary policies - Bubble is now fully dependent on record low interest rates in the U.S. and EU continuing … - Bubble will burst as all bubbles do … question is not if but when … Full Story
By: Chris Mullen, Gold-Seeker.com - 15 April, 2015
Gold edged up to $1194.65 in Asia before it fell back to $1188.83 at about 8:30AM EST, but it then rose to as high as $1204.48 in New York and ended with a gain of 0.84%. Silver surged to as high as $16.403 and ended with a gain of 0.74%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 15 April, 2015
New York closed at $1,192.50 down $7.20 on Tuesday in NY. Asia held it there with London taking it to $1,190 ahead of the LBMA Gold Price. The LBMA Gold price was set at $1,189.85 down $1.60 on Tuesday’s level. The euro equivalent stood at €1,123.67 down €4.01 against a better $: € rate of $1.0595. Ahead of New York’s opening, gold was trading higher in London at $1,191.45 and in the euro at €1,123.90. Full Story
- Fall 2015 turning point – civil unrest and riots globally says forecaster Armstrong - Fed have to raise rates – due to pressure from congress and media - By 2020 the cost of servicing U.S. debt will outpace defence spending - European banks will collapse and “blood in the streets” - Higher rates will also devastate emerging markets who have issued dollar-based debt - Gold to “max out at $5000 per ounce” - Advocates diversification and holding bullion coins familiar to public such as $20 gold coins - “Your portfolio has got to include everything … including bullion” Full Story
By: Chintan Karnani, Insignia Consultants - 15 April, 2015
In India there are a lot of profitable investment avenues (other than gold and silver) to invest in. (A) Businesses in India will use their cash surpluses for expansion as the Indian economy rises (B) Retail investors find equity markets and real estate better opportunity. Gold and silver jewelry are being purchased but only when all other needs are met. Impulsive buying of gold and silver is not seen at the moment. Full Story
By: Chris Mullen, Gold-Seeker.com - 14 April, 2015
Gold dropped $16.53 to $1183.17 at about 8:30AM EST before it bounced back towards $1200 by late morning in New York, but it then drifted back lower into the close and ended with a loss of 0.6%. Silver slipped to as low as $15.999 and ended with a loss of 0.61%. Full Story
- Greek government to withhold IMF payments according to the FT - Prime Minister Tsipras denies preparing for default according to Reuters - Government funds to run out by end of month - Default would likely lead to “Grexit” and return to drachma - EU may not withstand uncertainty surrounding break-up of monetary union - Concern could trigger derivatives crisis and ‘Lehman moment’ - Like frogs in a pot of water that is very slowly coming to the boil Full Story
By: Chintan Karnani, Insignia Consultants - 14 April, 2015
It was a steady range bound trade yesterday. The overall direction for gold, silver and crude oil is neutral to bullish. Copper is in a neutral zone. Lack of news is preventing short term traders in metals and energies to take an aggressive one way stance. The Euro/Usd has yet to fall below 1.0325. As long as the euro/usd trades over 1.0325 downside risk will be limited for currency. Full Story
By: Chris Mullen, Gold-Seeker.com - 13 April, 2015
Gold dropped $10.62 to $1197.58 at about 6AM EST before it bounced back to $1206.59 in the next few hours of trade, but it then fell to a new session low of $1196.40 by late morning in New York and ended with a loss of 0.7%. Silver slipped to as low as $16.265 and ended with a loss of 1.15%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 13 April, 2015
New York closed at $1,208.20 up $13.10 on Friday in NY. Asia pulled it back to $1,205 with London taking it just below $1,200 ahead of the LBMA Gold Price. The LBMA Gold price was set at $1,197.85 down $4.05 on Friday’s level. The euro equivalent stood at €1,136.53 up €3.94 reflecting the rising dollar and the euro’s slipping. Ahead of New York’s opening, gold was trading higher in London at $1,199.30 and in the euro at €1,138.77. Full Story
- One week on and police appear no nearer to catching those responsible - Crime only seems more audacious with every new detail that emerges - CCTV has given tantalising glimpse of the six men who went into vaults - Many victims of Hatton Garden robbery had all their wealth uninsured in safe deposit boxes - UK as a jurisdiction has not been very secure in recent years, with numerous high-profile heists in London - Diversification on every level is key, including way and where bullion is stored Full Story
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