By: Chris Mullen, Gold-Seeker.com - 18 March, 2016
Gold gained $8.58 to $1265.48 in Asia before it dropped down to $1248.01 in London and then bounced back higher in New York, but it still ended with a loss of 0.28%. Silver slipped to as low as $15.728 and ended with a loss of 0.69%. Full Story
While doubts are rising about central banks actions, there is still residual complacency, lack of awareness of the potential dangers of the current policy path and, more importantly, not enough efforts to articulate a more promising alternative. Central banks purchases of public and private debt titles were certainly justified as an emergency measure to backstop the imploding global credit system at the depth of the panic end 2008 – early 2009, the culmination of 35 years of consistently rising debt loads. Full Story
Silver rose 2% yesterday and has surged 4% this week to over $16 per ounce as the Federal Reserve flip flopped regarding interest rates and lowered its expectations for rate rises this year from four back to two or just one rate rise due to “global risks.” Full Story
By: Chris Mullen, Gold-Seeker.com - 17 March, 2016
Gold saw slight losses in Asia before it rose to as high as $1270.88 in London, but it then drifted back lower in New York and ended with a loss of 0.33%. Silver surged to as high as $16.031 before it also edged back lower in the last few hours of trade, but it still ended with a gain of 1.79%. Full Story
In terms of the gold price, gold stocks are currently at better value than at the beginning of the bull market in 2001. In 2001, at the bottom of the gold bull market, the XAU to Gold ratio was around 0.2 compared to 0.05 today. In other words, gold stocks are cheaper than they were in 2001. In fact, they are cheaper than they have been the last 78 years at least. Full Story
By: Chris Mullen, Gold-Seeker.com - 16 March, 2016
Gold edged up to $1235.09 in Asia before it dropped back to $1227.01 in early New York trade, but it then shot higher after today’s fed announcement and ended near its late session high of $1262.87 with a gain of 2.25%. Silver jumped to as high as $15.639 and ended with a gain of 2.23%. Full Story
The news is interesting and we believe that other institutions will follow in their footsteps and diversify into gold in order to protect themselves from negative yields. We have not heard of any other non central bank institutions diversifying into gold but it stands to reason that a small percentage will follow in Munich Res footsteps. Full Story
Way back in December I called attention to the huge explosion in volume in the triple leveraged mining fund NUGT. The same thing is now occurring in the energy and biotechnology sectors. Full Story
By: Chris Mullen, Gold-Seeker.com - 15 March, 2016
Gold fell $7.76 to $1225.84 in early Asian trade before it bounced back to $1237.37 in London, but it then drifted back lower in New York and ended with a loss of 0.02%. Silver slipped to as low as $15.192 and ended with a loss of 0.26%. Full Story
Silver may be ready to come out of gold’s shadow, reports Bloomberg, with mine supplies forecast to contract this year. According to Standard Chartered Plc., mine production of silver will probably drop in 2016 for the first time in over a decade and demand is set to outstrip supple for a fourth straight year. Assets in ETFs backed by silver also climbed to the highest since September. Full Story
By: Chris Mullen, Gold-Seeker.com - 14 March, 2016
Gold gained $10.76 to $1260.96 at about 6AM EST, but it then drifted back lower for most of the rest of trade and ended near its late session low of $1229.31 with a loss of 1.33%. Silver slipped to as low as $15.283 and ended with a loss of 0.91%. Full Story
As Lawrie Williams points out however, Goldman’s call to short gold again hasn’t been the investment bank’s best move; it comments in its latest research report that it is down 5 percent on the call – with a stop loss indicated at 7 percent. Full Story
Obviously, one can play this in the futures market with leverage. One can also express a preference for silver at a coin shop, buying silver instead of gold. Can any readers confirm that coin dealers are recommending silver as the “obvious” better buy at this ratio of over 80:1? Full Story
At the beginning of the year, the internet media was filled with hyper bearish views on gold. Sell gold was the universal voice, Short sellers of gold where there everywhere. As gold started to rise, these short positions started getting converted into long positions. Movement in currency market, global uncertainty and US interest rate expectations have been the key drivers for gold so far in the first quarter of this year. The period between 15th March and end June will the real big test for gold bulls. Either the stratosphere or Marina’s trench (lowest point on earth). Full Story
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