By: Chris Mullen, Gold Seeker Report - 17 August, 2018
Gold chopped higher throughout most of world trade and ended near its last-minute high of $1184.40 with a gain of 0.9%. Silver rose to as high as $14.80 and ended with a gain of 1.16%. Full Story
As it’s Friday we are bringing you our weekly digest of the news, market updates, charts and videos that caught our eye this week. We are also giving you a link to our most recent episode of the Goldnomics Podcast – Jim Rogers on Gold, Silver and Surviving the Coming Crash (Episode 7). We have been getting some great feedback on this and our previous episodes of our podcast, so why not check out one or two episodes this weekend. Full Story
Long term investors have started investing in gold and silver. If gold and silver trade at current prices around the close, then traders will prefer to go short for the weekend and not long. Indian demand for gold and silver will be on the higher side today before the purchase weekend. Crude oil looks bullish. Industrial metals will be very volatile. Full Story
By: Chris Mullen, Gold Seeker Report - 16 August, 2018
Gold dropped $14.40 to $1160.40 in early Asian trade before it rose to see a gain of $7.10 at $1181.90 at about 5AM EST, but it then drifted back lower in London and New York and ended with a loss of 0.1%. Silver rose to as high as $14.829 and ended with a gain of 1.53%. Full Story
Gold and silver prices fell sharply again yesterday and were down 1.6% and 4.3% respectively to multi-month lows. Gold drifted lower all day and ended near its late session low of $1173.20/oz, its lowest since January 2017, for a loss of 1.6%. Gold in euros has been more robust of late and it fell to about €1036/oz. Full Story
By: Chris Mullen, Gold Seeker Report - 15 August, 2018
Gold drifted lower throughout most of world trade and ended near its late session low of $1173.20 with a loss of 1.63%. Silver slipped to as low as $14.367 and ended with a loss of 4.31%. Full Story
– London house prices fall at the fastest annual rate since height of the financial crisis – London house prices fall in 5th month in row, worst falls since 2009 – London rents dropped at the fastest rate in eight years – ONS – Brexit, London property slump put brake on UK house price growth – Consumer spending declined in July as inflation increased Full Story
By: Chris Mullen, Gold Seeker Report - 14 August, 2018
Gold gained $5.30 to $1198.70 by late morning in New York before it chopped back down to $1192.20 by early afternoon, but then bounced back higher into the close and ended with a gain of 0.08%. Silver rose to as high as $15.107 and ended with a gain of 0.53%. Full Story
Jim Rogers, legendary investor and “Adventure Capitalist” speaks with Mark O’Byrne, GoldCore’s Director of Research, in the Goldnomics Podcast (Episode 7). Are the actions of the US administration making China great again? What currency is going to challenge the US dollar as the global reserve? What can we do to protect ourselves against the next financial crash? Full Story
If gold and silver trade below $1200 and $1510 respectively then buyers will vanish and there will be losses. Gold prices in Asia have not fallen due to weaker currencies. There will be higher physical demand. Premiums in gold and silver will rise. I expect gold and silver to rise today. Tomorrow Indian markets are closed due to Independence Day. Hedges (hedge between comex futures-mcx futures and indian rupee futures) will be closed today due to tomorrow’s holiday. I will prefer a buy on sharp dips strategy in gold and silver today. Full Story
By: Chris Mullen, Gold Seeker Report - 13 August, 2018
Gold dropped $16.10 to $1195.30 in London before it bounced back above $1200 in early New York trade, but it then fell back off into the close and ended near its early afternoon low of $1191.80 with a loss of 1.49%. Silver slipped to as low as $14.974 and ended with a loss of 2.15%. Full Story
– “We are going to have another crash that will be worse than 2008″ – Financial crisis in Turkey will set off a “wider calamity in global markets” – “The river of global cash will dry up, the dollar will spike and there will be a series of financial seizures – Investors “will flee developing economies, then Europe and eventually the American stock and bond markets” Full Story
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