By: Chris Mullen, Gold-Seeker.com - 19 November, 2010
Gold saw modest gains in Asia before it fell back to see an $11.32 loss at $1341.58 at about 10AM EST, but it then rallied back higher into the close and ended with a gain of 0.01%. Silver fell as much as 53 cents to $26.36 by about 10AM EST before it also rallied back higher in late trade and ended with a gain of 1%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 19 November, 2010
We are being told that Irish will be accepting a bailout. Of course they want a bank, not a government bailout. Thereby hangs the tale. It is important to say that we do not believe there will be a collapse of the Eurozone. What is clear is that most in the world of finance as stated by the head of the World Bank, is some reference point for value, for currencies. He thinks that gold will do the job. Full Story
THE PRICE OF GOLD fell hard from a second attempt to breach $1360 per ounce in London trade on Friday, heading for its fourth weekly loss over the last 3 months for Dollar investors on what one trader called "a rollercoaster day" for precious metals. Full Story
The squabbling between the Federal Reserve trying to justify the second stimulus measure and later trying to put pressure on China to act will result in weakness for the US dollar and gains for commodities. The Irish bailout is still a problem. Sovereign debt default in Europe will remain a cause of concern among the eurozone officials. Full Story
By: Chris Mullen, Gold-Seeker.com - 18 November, 2010
Gold climbed to as high as $1358.70 in Asia before it fell back to $1346.83 a little after 10AM EST, but it then rose to a new session high of $1359.38 by midday and ended with a gain of 1.2%. Silver climbed to as high as $26.683 by a little before 8AM EST before it also pared its gains in early New York trade, but it then rallied to a new session high of $27.04 by about noon EST and ended with a gain of 5.33%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 18 November, 2010
The desire to keep financial sovereignty is driven by politics. Anyone who knows the Irish knows that they will guard this fiercely, even when the EU and particularly Germany wants to hold the Eurozone together. Meanwhile the euro didn’t recover yesterday, the dollar’s fall accelerated past that of the euro. It is currently standing at $1,3653 down from $1.342: €1 from yesterday. Full Story
THE PRICE OF GOLD recovered half of this week's 3% drop by the start of New York trading on Thursday, briefly touching $1355 per ounce as the Euro currency jumped vs. the Dollar on news that Ireland is about to accept an EU rescue. Full Story
By: Chris Mullen, Gold-Seeker.com - 17 November, 2010
Gold fell as much as $7.40 to $1330.90 in Asia before it rose to see a $6.54 gain at $1344.84 in midmorning New York trade, but it then fell back off in the last few hours of trade and ended with a loss of 0.11%. Silver fell to $25.018 and climbed to $25.895 before it also fell back off, but it still ended with a gain of 0.59%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 17 November, 2010
The most precise statement of the state of the market is the nature of the majority of the bad news streaming out constantly. Today, according to the Eurozone President, the euro and the Eurozone is facing collapse unless the debt problems can be ironed out quickly. Full Story
THE PRICE OF GOLD and silver bounced near two-week lows in London and early New York trade on Wednesday,holding below $1340 and $25.75 per ounce respectively. Global stock markets steadied, but Chinese equities ended sharply lower on fresh rumors of imminent interest-rate hikes, while commodity prices capped their 3-day sell-off. Full Story
By: Chris Mullen, Gold-Seeker.com - 16 November, 2010
Gold saw only modest losses in Asia and London before it accelerated markedly lower in New York and ended not far from its noontime low of $1329.70 with a loss of 2.23%. Silver fell to as low as $24.991 before it bounced back higher in afternoon trade, but it still ended with a loss of 2.65%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 16 November, 2010
The gold market is so diverse geographically that we must sometimes step back and look at the overall picture. We read reports saying that gold fell because jobless numbers improved, but there are few Indian or Chinese buyers that would go into the market for gold on that basis, if any. Full Story
THE PRICE OF GOLD fell for the sixth session running vs. the Dollar in Asian and London trade on Tuesday, dropping to a near-two week low as the US currency rose and global stock markets fell hard. Full Story
By: Chris Mullen, Gold-Seeker.com - 15 November, 2010
Gold climbed to $1371.98 in London and fell to $1359.28 in early New York trade before it rallied to a new session high of $1376.68 by early afternoon and then fell back off a bit in late trade, but it still ended with a gain of 0.21%. Silver fell to $25.72 and rose to $26.458 before it also fell back off, but it still ended with a gain of 0.23%. Both metals are falling in after hours access trade at the time of writing. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 15 November, 2010
Friday saw markets tumble between 2% & 4% with computer triggered ‘stops’ bringing in most of the selling. We do believe that the inability of the G-20 meeting has had a detrimental effect on global hope. Essentially the message sent by the G-20 meeting was that there will be no resolution of the currency problems that need fixing urgently, but that friction between the U.S. and China has stepped up a notch. Full Story
THE PRICE OF GOLD fell back towards Friday's 1-week low in Asian and London trade on Monday, holding above €1000per ounce for Euro investors as Irish bonds rallied but the single currency continued to drag along 7-week lows to the Dollar. Full Story
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