Gold fell $14.99 to $1304.61 in early New York trade before it bounced back higher in afternoon trade, but it still ended with a loss of 0.69%. Silver slipped to as low as $20.733 and ended with a loss of 1.37%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 18 July, 2014
The gold price closed at $1,319.60 up $21.10 on Thursday in New York. In Asia and early London, prices retreated to $1,312 ahead of London’s opening. The gold price was Fixed at $1,310.25 up $7.50 and in the euro at €968.404 up €5.757, while the euro was slightly weaker at $1.3530. Ahead of New York’s opening, gold was trading at $1,311.30 and in the euro at €969.46. Full Story
Gold dipped 0.4% on profit taking today but is likely to be supported by a wave of risk aversion after the airline tragedy. Stocks fell and brent oil climbed above $108 a barrel, extending sharp overnight gains amid heightened geopolitical concerns over the Ukraine and in the Middle East. Full Story
The shooting down of a Malaysian passenger plane over the Russian-Ukrainian border will only increase geopolitical risk and should be bullish for gold and silver. Unconfirmed reports suggest that the rocket which hit the Malaysian airline was intended to hit Russian president Putin who was on the same route to Russia. Now the Americans and Europeans are cooking up stories that Russian supported terrorists downed the Malaysian passenger plane. Full Story
Gold gained almost $10 to $1308.21 in Asia before it fell back to $1299.65 in London, but it then jumped to as high as $1323.23 in New York and ended with a gain of 1.62%. Silver surged to as high as $21.18 and ended with a gain of 1.88%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 17 July, 2014
The gold price closed at $1,298.50 up $4.40 on Wednesday in New York. In Asia and early London, prices recovered to over $1,305 ahead of London’s opening. The gold price was Fixed at $1,302.75 up $5.25 and in the euro at €962.647 up €4.517, while the euro was weaker at $1.3533. Ahead of New York’s opening, gold was trading at $1,304.10 and in the euro at €964.00. Full Story
Gold saw slight gains in Asia and London before it rose to $1303.62 at about 10:45AM EST and then fell back off into the close, but it still ended with a gain of 0.34%. Silver rose to as high as $20.825 and ended with a gain of 0.19%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 16 July, 2014
The gold price closed at $1,294.10 down $12.60 on Tuesday in New York. In Asia and early London, prices again began to recover rising to $1,298 ahead of London’s opening. The gold price was Fixed at $1,297.50 down $14.50 and in the euro at €958.130 down €7.073, while the euro was weaker at $1.3542 and still falling. Ahead of New York’s opening, gold was trading at $1,298.20 and in the euro at €959.43. Full Story
Gold’s sell off yesterday was again due to concentrated selling on the COMEX. The sale of over 17,000 contracts or over $2.3 billion worth of gold futures contracts in minutes led to gold falling again. Support is likely to be found at previous resistance at $1,280/oz. Full Story
I had mentioned in last week’s updates that gold and silver will face the real challenge this week. So far they have failed. Going forward every bit and piece of US economic data release will be crucial for the metals, energies and the greenback. Full Story
Gold climbed $6.97 to $1313.67 by a little after 5AM EST before it plunged down to $1292.203 shortly after 11AM EST and then bounced back higher at times, but it still ended with a loss of 0.96%. Silver edged up to $21.051 before it fell to $20.719 and then also rallied back higher, but it still ended with a loss of 1.00%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 15 July, 2014
The gold price closed at $1,306.70 down $31 on Monday in New York. In Asia and early London, prices began to recover rising to $1,310 ahead of London’s opening. The gold price was Fixed at $1,312.00 down $9.60 and in the euro at €965.203 down €4.664, while the euro was weaker at $1.3593. Ahead of New York’s opening, gold was trading at $1,311.60 and in the euro at €964.80. Full Story
Inability of gold to break past $1350 resulted in profit taking. All is not over for gold and silver. They need to trade over $1288 and $20.70 to prevent further selling. Large speculators are playing with the mind of retail investors. Just when the retail investor started buying/investing in gold and silver it fell. Retail investors yesterday got the shivers as gold and silver fell. All is not over yet for retail investors. There is still hope. I have never believed in Monday’s price swings. In case Yellen testifies that interest rates will not rise by early next year, gold and silver could witness another wave of rise. US June retail sales have to beat street expectations by a huge margin to have an impact on the US dollar. Full Story
Gold dropped $34.39 to $1303.31 at about 9:30AM EST before it stabilized, but it still ended with a loss of 2.32%. Silver slipped to as low as $20.849 and ended with a loss of 2.38%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 14 July, 2014
The gold price closed at $1,337.70 up $1.90 on Friday in New York. In Asia and early London, prices mysteriously plummeted to $1,321.00. The gold price was Fixed at $1,321.25 down $15.25 and in the euro at €969.867 down €11.915, while the euro was at $1.3623. Ahead of New York’s opening, gold was trading at $1,321.60 and in the euro at €969.95. Full Story
Quantitative Easing or money printing and ultra low interest rates have flooded the market with cash and that cash is seeking yield. As a result equity markets at are near all time highs, bonds are on the floor and mad speculative bets on anything that moves, are on the rise. Risk is being ignored on an industrial scale, with corporate bonds yields at risk defying lows. Full Story
Al Qaeda was created by the Americans to drive out Russians from Afghanistan. Certain developments in Syria and Iraq which I have tried to look much more behind the actual news makes me believe that ISIL is also a creation of the Americans. Al Qaeda is now history. ISIL is now the real force to reckon with and they are getting stronger with passing of each hour. ISIL empire, in the future years could begin from North Africa and end with Indian occupied Kashmir. Full Story
The content on this site is protected
by U.S. and international copyright laws and is the property of GoldSeek.com
and/or the providers of the content under license. By "content" we mean any
information, mode of expression, or other materials and services found on GoldSeek.com.
This includes editorials, news, our writings, graphics, and any and all other
features found on the site. Please contact
us for any further information.
Live GoldSeek Visitor Map | Disclaimer
The views contained here may not represent the views of GoldSeek.com, Gold Seek LLC, its affiliates or advertisers. GoldSeek.com, Gold Seek LLC makes no representation, warranty or guarantee as to the accuracy
or completeness of the information (including news, editorials, prices, statistics,
analyses and the like) provided through its service. Any copying, reproduction
and/or redistribution of any of the documents, data, content or materials contained
on or within this website, without the express written consent of GoldSeek.com, Gold Seek LLC,
is strictly prohibited. In no event shall GoldSeek.com, Gold Seek LLC or its affiliates be
liable to any person for any decision made or action taken in reliance upon
the information provided herein.
