By: Chris Mullen, Gold-Seeker.com - 18 February, 2011
Gold climbed $4.69 to $1388.39 in Asia before it fell back to $1381.25 in London, but it then climbed to a new session high of $1391.75 in New York and ended with a gain of 0.3%. Silver saw modest gains in Asia and London before it accelerated markedly higher in New York and ended near its late session high of $32.86 with a gain of 2.76% at a new 30-year high. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 18 February, 2011
Asia continued to support the closing prices in the U.S.at $1,384. London took these prices slightly higher before Fixing at $1,385.50. In the euro gold moved up well and was Fixed at €1,021.26 this morning in London. The dollar euro exchange rate is not an issue today. Gold is independent of both right now, walking its own road. Full Story
THE PRICE OF GOLD slipped from new 5-week highs in lunchtime London trade Friday, easing back from $1388 per ounce as silver edged down from its highest level in 31 years. Euro and UK stock prices fell, as did government bonds, after a senior European Central Bank member said record-low interests must "be monitored and, if needed, corrected." Full Story
By: Chris Mullen, Gold-Seeker.com - 17 February, 2011
Gold saw slight gains in Asia and London, but it then accelerated even higher in New York and ended near its last minute high of $1384.68 with a gain of 0.68%. Silver waffled near unchanged in Asia and London before it stormed higher throughout most of trade in New York and ended near its last minute high of $31.578 with a gain of 2.97% at a new 30-year high. Both metals have risen to new highs in after hours access trade as well. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 17 February, 2011
Asia again moved gold up three dollars overnight to $1,377.00, where it was Fixed in London’s Fixing this morning. What is clear about gold’s moves in the dollar and the euro is that gold is not bound by either now. Gold at $1,377 is $5.75 up on yesterday’s p.m. Fix, but in the euro is down almost €3 the reverse of the last couple of days. Full Story
THE PRICE OF GOLD continued rising for US investors on Thursday, finishing the day in London at a five-week high of $1383 per ounce as world stock markets held flat and the Dollar slipped on the currency market. Full Story
Besides the very strong fundamentals, gold is looking better and better technically. After a 4 month period of correction and consolidation gold remains below levels seen last October (see chart below). Gold bounced off support seen at the 150 day moving average and is now above the 100 day moving average. It is only 3.5% below the nominal record high of $1,423.75/oz seen in early December 2010. Full Story
By: Chris Mullen, Gold-Seeker.com - 16 February, 2011
Gold climbed to $1377.78 in Asia before it fell back to $1367.65 by a little after 10AM EST and then jumped to a new session high of $1381.90 by early afternoon in New York, but it then fell back off into the close and ended with a gain of just 0.04%. Silver climbed to as high as $30.962 by a little after noon EST, but it also fell back off in the last hour of trade and ended with a loss of 0.42%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 16 February, 2011
Overnight gold moved up to $1,376 but pulled back slightly to Fix at $1,374.50 up $1.75 on yesterday afternoon’s Fix. In the euro it was down €1.5 on yesterday afternoon’s Fix of €1,016.78 to Fix at €1,015.14. These are small moves at the Fix but warn us that the longer the Fixes hold these levels, the greater the subsequent moves that will be made by gold and silver. Full Story
THE PRICE OF GOLD rose once again on Wednesday morning in London, touching its best level in almost a month at $1378 per ounce as world stock markets pushed higher together with the US Dollar. Full Story
There is a real sense of the “calm before the storm” in markets globally. Complacency reigns, despite signs that the sovereign debt crisis in Europe is deepening and that Japanese and US bond markets also look very vulnerable due to rising inflation, very large deficits and massive public debt. Full Story
By: Chris Mullen, Gold-Seeker.com - 15 February, 2011
Gold fell $1.25 to $1363.15 in Asia before it rose to as high as $1376.49 by about 8:30AM EST and then fell back off a bit into the close, but it still ended with a gain of 0.69%. Silver fell to $30.47 and rose to $30.918 before it also fell back off a bit, but it still ended with a gain of 0.69%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 15 February, 2011
Asia accepted New York’s closing price over $1,360 and took it to $1,366 before London’s opening. The euro started to turn the corner at $1,3494 up 50 cents overnight. Then it climbed to $1.3530 and as the impetus for the gold price is in Europe, today, the Gold price followed it up in the dollar to Fix at $1,372.25 and was up €2 at €1,014.30. Full Story
THE PRICE OF GOLD jumped Tuesday morning in London, hitting $1375 per ounce and setting four-week highs for Dollar, Euro and Sterling investors, as world stock markets again held flat and commodity prices rose. The silver price rose another 1% to $30.88 per ounce – its best level of 2010 so far. Full Story
Silver and particularly gold rose sharply on the release of the higher than expected UK inflation data. It showed that UK inflation quickened to 26 month highs at 4.0%. Currency debasement and higher food and energy prices are leading to an inflation surge in both developed and emerging markets. Full Story
By: Chris Mullen, Gold-Seeker.com - 14 February, 2011
Gold fell $4.15 to $1355.65 in London, but it then climbed to as high as $1366.74 by late morning in New York and closed with a gain of 0.34%. Silver fell $0.17 to $29.88 in Asia before it rose to as high as $30.715 in New York and then fell back off a bit in the last few hours of trade, but it still ended with a gain of 1.6%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 14 February, 2011
The week started with a quiet Asia until just before London opened when it moves to $1,360 before gently slipping back until the morning Fix came in at $1,356.75. Again it was seen lower in the dollar but higher in the euro as the euro slipped back. In the euro the gold price was Fixed at €1,008.06 up almost one euro on Friday’s Fix. The euro in turn slipped to $1.3454. Full Story
THE PRICE OF gold and silver rose back to last week's highs early in London on Monday, hitting $1364 and $30 per ounce respectively even as the US Dollar rose to 1-month highs on the currency market. European stock markets slipped but government bonds and commodity prices were little changed after China reported a further rise in its imports, led by a 5.7% rise in copper demand. Full Story
Gold and silver are higher after last week’s 1% and 3.5% gains in dollars. Silver is particularly strong again this morning and the euro has come under pressure as bonds in Ireland, Spain, Portugal and Greece continue to rise. While Asian equity markets were higher, European indices have given up early gains. Full Story
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