By: Chris Mullen, Gold-Seeker.com - 18 November, 2016
Gold fell $14.50 to $1203.90 in Asia before it bounced back to $1215.82 in London, but it then drifted back lower in New York and ended with a loss of 0.83%. Silver slipped to as low as $16.44 and ended with a loss of 0.72%. Full Story
Yellen’s prepared comments to U.S. lawmakers yesterday sent gold in dollar terms to its lowest finish since June 2, at $1,216.90 an ounce. It is worth noting that gold’s weakness this week is very much a case of gold prices in dollar terms. Gold in euros has risen from €1,130/oz to €1,137/oz and is essentially flat in sterling pound terms. Gold has risen in Swiss francs, Japanese yen and Australian dollar terms. Full Story
By: Chris Mullen, Gold-Seeker.com - 17 November, 2016
Gold gained $6.17 to $1231.07 in London, but it then fell to as low as $1211.71 in late New York trade and ended with a loss of 0.53%. Silver slipped to as low as $16.587 and ended with a loss of 1.47%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 17 November, 2016
At the moment, in New York, sellers are present but in small numbers compared to the earlier part of the week. Buying continues in Shanghai and as we see in prices in London too. But just before the opening of New York, London moved into line with New York’s close, leaving it trying to match both gold markets. The dollar is calming down and correcting after days of surging against other currencies, but remains over the 100 level on the dollar index. We expect post-Trump turbulence to begin calming in the short term. Full Story
By the end of 2016, 1.6 billion people will likely have a new gold investment standard for the first time in modern history. These 1.6 billion people are the Muslims of the world who constitute nearly 25% of the 6.9 billion people on the planet. This new ‘gold standard’ is the Sharia gold standard developed as part of a three-party collaboration between AAOIFI, the World Gold Council (WGC) and Amanie Advisors. Full Story
By: Chris Mullen, Gold-Seeker.com - 16 November, 2016
Gold edged up to $1232.77 in Asia before it fell back to $1221.67 in London and then chopped back higher at times, but it still ended with a loss of 0.25%. Silver slipped to as low as $16.871 and ended with a loss of 0.7%. Full Story
Peak gold production is happening globally and this is “bullish for gold” according to a slowly emerging group in the gold industry. It is great to see the reality of peak gold production slowly be acknowledged in the mainstream as it is an important fundamental factor in the market which has been continuously ignored. Full Story
By: Chris Mullen, Gold-Seeker.com - 15 November, 2016
Gold gained $13.21 to $1231.41 in Asia before it fell back to $1219.61 at about 9AM EST, but it then bounced back higher into midday and ended with a gain of 0.8%. Silver rose to as high as $17.133 and ended with a gain of 1.31%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 15 November, 2016
When a market is as exuberant as we see currency, gold and silver markets at present, prices always fall too far or rise too high. We have seen that beautifully demonstrated in the last week. With China now taking gold higher we are looking to see just who follows who in the global gold markets. While a market then settles down, volatility rules prices. We expect that to continue, both ways. Full Story
The gold price should rise in the medium and long term on global risks and the Trump Presidency, according to leading research consultancy Capital Economics. The recent sharp gold price fall is again causing jitters among some investors who forget that gold remains more than 14% higher in dollar terms, 16.5% higher in euro terms and 36% higher in sterling terms year to date. Thus, gold is outperforming most stock market indices so far this year. Full Story
I am against selling gold and silver unless they fall below yesterday’s low. Silver’s pathetic performance will ensure that more and more investors invest in gold and not in silver. Gold is still a safe call over silver. Physical gold premiums rise anytime and makes up (too a certain extent) the fall in spot prices. Obama advised Trump that it will be a different ball game once Trump moves to the White House. Full Story
By: Chris Mullen, Gold-Seeker.com - 14 November, 2016
Gold traded mixed in Asia before it fell to see a $16.15 loss at $1211.55 in midmorning New York trade and then rallied back higher into midday, but it still ended with a loss of 0.77%. Silver slipped to as low as $16.679 before it also bounced back higher, but it still ended with a loss of 2.97%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 14 November, 2016
With the gold price and now the silver price continuing to fall today [well over $100 on the week] because of heavy sales from the gold ETFs many are, we feel, misreading the consequences of Trump’s impact on the economy regarding gold. With 30-year Treasuries falling in price leaving yields at 3% the dollar continues to surge as carry trades are unwound. We see these moves as part of the initial exuberance after the election. But the question is, “Just how far will this exuberance go?” Full Story
The Dow Jones is now trading at an all-time high. That might not last, but it’s a pretty definitive rebuttal of that dangerous little word, “never”. Worse still, for Paul though, is the reason that the Dow is now trading at an all-time high. It’s because markets believe that Trump might just do exactly what Paul and his fellow left-ish economists have been crying out for for years. Full Story
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