By: Chris Mullen, Gold Seeker Report - 19 October, 2018
Gold dropped $1.90 to $1223.20 in Asia before it climbed up to $1230.50 by a little after 8AM EST, but it then drifted back lower into the close and ended with a gain of just 0.11%. Silver dipped to $14.559 before it rose to as high as $14.715 and then also fell back off, but it still ended with a gain of 0.41%. Full Story
From our perspective, the most important developments were the IMF’s financial warnings and the escalation in central bank gold buying with Hungary increasing its gold reserves by a whopping 1,000% due to increasing “safety concerns.” Full Story
By: Chris Mullen, Gold Seeker Report - 18 October, 2018
Gold dipped $5.10 to $1218.70 in Asia, but it then chopped back higher in London and New York and ended not far from its early afternoon high of $1230.10 with a gain of 0.11%. Silver slipped to $14.455 before it climbed to as high as $14.651 by late morning in New York, but it then drifted back lower in afternoon trade and ended with a loss of 0.41%. Full Story
Rather than owning gold coins or bars outright, you may be part of a pool of investors who all have an interest in large 400 ounce gold bars. This means that you own a part or parts of a bar and your holding is not capable of being separated from that of other investors. As a result it is not possible in most circumstances to easily take possession of your gold. If you are a holder of an ETF (an Exchange Traded Fund), you own a share in a fund that has an interest in a pool of gold bars and you most likely don’t even have direct access to your gold. Full Story
By: Chris Mullen, Gold Seeker Report - 17 October, 2018
Gold dipped $4.20 to $1220.70 in Asia before it climbed up to $1229.50 by late morning in New York, but it then fell back off into the close and ended with a loss of 0.09%. Silver slipped to as low as $14.597 and ended with a loss of 0.2%. Full Story
– “Large challenges loom for the global economy to prevent a second Great Depression” warn IMF – Massive government debts and eroded fiscal buffers since 2008 suggest global dominos await a single market crash – 2008 crisis measures cast long, dark “terrifying” shadow Full Story
By: Chris Mullen, Gold Seeker Report - 16 October, 2018
Gold gained $7 to $1232.40 at about 9:30AM EST, but it then drifted back lower for most of the rest of trade and ended with a loss of 0.04%. Silver rose to as high as $14.845 and ended with a loss of 0.2%. Full Story
Poland raised its gold holdings to the highest in at least 35 years, data from the International Monetary Fund showed on Monday. The country increased its holdings by 4.4 tonnes from August to about 117 tonnes in September, a record, according to data going back to January 1983. Full Story
Gold needs to trade over the $1225-$1230 zone to rise. Silver needs to break and trade over $14.90 to start another wave of rise. Copper and industrial metals will be very volatile. Crude oil will be very volatile. Brexit woes and political issues within the Eurozone have resulted in a firm US dollar. The Euro and cable have fallen slightly. Investor sentiment towards the euro and cable is shaky. Full Story
By: Chris Mullen, Gold Seeker Report - 15 October, 2018
Gold gained $15.30 to $1233.30 in Asia before it chopped back lower in London and New York, but it still ended with a gain of 0.61%. Silver rose to as high as $14.773 and ended with a gain of 0.55%. Full Story
“We have interest rates going up at a clip that’s much faster than certainly a lot of people, including myself, would have anticipated. I think the Fed is out of control.” Central banks are independent, in theory. But that won’t stop the president of the US from giving his full and frank opinion on their performance. Full Story
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