Gold gained $14.32 to $1296.02 at about 10:30AM EST before it nearly erased its entire advance in the next half hour of trade, but it then rallied back higher into the close and ended 1.3% higher on the day. Silver rose to as high as $17.492 and ended with a gain of 1.69%. Full Story
Despite gold stocks’ sharp rally in recent weeks, we remain in the weakest time of the year seasonally for gold and gold stocks in June and July. History has proven the odds don’t favor sustainable summer rallies until early August. Thus it’s not prudent to chase these rallies and add new positions at this point. Enjoy the mounting gains in gold stocks you already own, but wait until seasonals shift bullish to buy more. Full Story
This is a radical monetary experiment that will in time almost certainly lead to a collapse in the “safe haven” government bond market and see all major currencies devalued internationally and a reset of gold and silver to much higher levels. Full Story
Gold gained $21.27 to $1315.57 at about 10:45AM EST, but it then tumbled lower into the close and ended with a loss of 0.97% after tragic news in Britain reduced the odds of Britain leaving the EU. Silver slipped to as low as $17.157 and ended with a loss of 2.11%. Full Story
16 June 2021 is five years from today. What will the gold price be 16 June 2021?
Currencies are Worthless: As the world’s fiat paper currencies have lost 99% or more of their purchasing power in the last 100 years, we have to understand that fiat paper currencies are not a suitable unit of account to accurately measure prices. Full Story
Gold edged up to $1286.90 in Asia before it fell back to $1278.58 in London, but it then spiked to as high as $1296.77 in afternoon New York trade and ended with a gain of 0.7%. Silver surged to as high as $17.606 and ended with a gain of 0.92%. Full Story
Gold remains largely taboo and continues to be ignored by the talking heads and assorted financial experts despite being one of the few assets which will protect and grow Irish people’s wealth in the coming years. Full Story
By: Julian D. W. Phillips, Gold Forecaster - 15 June, 2016
Yesterday, we mentioned ‘a potentially devastating set of ‘ripple’ effects’’. We need to emphasize this. We are not simply talking about the ripples setting off other crises elsewhere, we are taking about a group of crises being set off and when synergized together, create an even larger global crisis in which precious metals will blossom. Full Story
Gold edged down to $1277.17 in Asia before it rallied up to $1289.83 by a little after 9AM EST and then chopped back down to $1280.47 by early afternoon in New York, but it then bounced back higher into the close and ended with a gain of 0.11%. Silver fell to $17.229 before it rose to as high as $17.482 in early New York trade, but it still ended with a loss of 0.23%. Full Story
€2,000/oz is now a highly conservative long term price target. As ever, Irish and European investors should not be buying gold purely for speculative purposes. They should focus not just on price and the likelihood of real price gains but on gold’s value as a safe haven diversification in uncertain times. Full Story
By: Julian D. W. Phillips, Gold Forecaster - 14 June, 2016
To be clear on this by isolating single events such as ‘Brexit’ there is a danger of ignoring collateral damage, which in turn may well create subsequent crises. For instance if heavy outflows of capital from Britain takes place how ill the euro be affected? Will such an event damage global growth still further? At what point in a disrupted currency world will protectionism raise it ugly head? Full Story
Gold gained $12.68 to $1287.08 at about 9AM EST before it chopped back lower at times, but it still ended with a gain of 0.75%. Silver rose to as high as $17.452 and ended with a gain of 0.69%. Full Story
The price of gold bumped up thirty bucks, and that of silver about one buck. Is this liftoff—when the dollar falls sharply, and the price of each metal in dollar terms skyrockets? Is this the denoument when the gold bug does not get rich, because although his net worth measured in dollar is massively up, the dollar is down in equal measure? Full Story
Gold in sterling has risen another 1.7% today due to deepening BREXIT jitters with just 10 days left until the referendum on June 23. The flight to gold and sell off in sterling came as Asian and European stock markets fell and European equities headed for their lowest close since February. Full Story
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