By: Chris Mullen, Gold-Seeker.com - 19 December, 2014
Gold waffled between $1201.06 and $1194.31 in Asia and held near unchanged in London before it drifted back lower in New York, but it ended with a loss of just 0.26%. Silver slipped to $15.844 in London, but it the rose to as high as $16.099 in New York and ended with a gain of 0.82%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 19 December, 2014
New York closed at $1,198.10 up $9.20 where Asia and London held it up to the Fix. The euro was 10 points weaker at $1.2286. In London gold rose strongly and the gold Fixing was set at $1,197.50 down $13.75 and in the euro, at €975.79 down €6.244 while the euro was 0.5 cents weaker at $1.2272. Ahead of New York’s opening gold was trading in London at $1,96.72 and in the euro at €975.14. Full Story
Indian demand for gold and silver will start to rise from the middle of January. Chinese jewelers and Chinese physical dealers will be hoarding gold and silver for the Chinese New Year in early February. We prefer a buy on sharp dips strategy for gold and silver from now till the end of January. Be patient and have very high margin money if you are trading in futures. Full Story
By: Chris Mullen, Gold-Seeker.com - 18 December, 2014
Gold jumped up to $1213.47 at about 5:30AM EST before it fell back towards unchanged by late morning in New York, but it then edged back higher in afternoon trade and ended with a gain of 0.77%. Silver surged to as high as $16.222 and ended with a gain of 0.89%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 18 December, 2014
New York closed at $1,188.90 down $7.40 before Asia took it up to $1,199 again. The euro rose slightly to $1.2296 down almost 2 cents. In London gold rose strongly and the gold Fixing was set at $1,210.75 up $11.75 and in the euro, at €982.034 up €19.677 while the euro was 1.3 cents weaker at $1.2329. Ahead of New York’s opening gold was trading in London at $1,209.60 and in the euro at €980.86. Full Story
The “isolation of Russia” idea is one which has been receiving a lot of traction of late. Russia’s recent economic woes have sometimes been covered with barely contained glee despite the hardships that average Russians may have to endure if the rouble continues to collapse … not to mention the inevitable geo-political backlash. Full Story
The FOMC statement is bearish for gold, silver and other metals. There is huge speculation that Russia will be forced to sell its gold due to the oil price collapse. This is one the key reason why traders and investors are not investing in gold. All I can say is the ultimate reason for the oil price collapse is to break up Russia and eat into its vast natural resources. Full Story
By: Chris Mullen, Gold-Seeker.com - 17 December, 2014
Gold edged up to $1202.23 in London before it fell to as low as $1184.89 after today’s fed statement, but it then bounced back higher in the last hour of trade and ended with a loss of just 0.62%. Silver slipped to $15.623 in late morning New York trade before it jumped up to $16.016 after today’s fed statement, but it then fell back off into the close and ended with a gain of just 0.19%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 17 December, 2014
New York closed at $1,196.30 up $4.60 before Asia took it up to $1,199. The euro rose slightly to $1.2490 with a wide spread. In London gold rose and the gold Fixing was set at $1,199.00 down $0.25 and in the euro, at €962.357 up €2.112 while the euro was half a cent weaker at $1.2459. Ahead of New York’s opening gold was trading in London at $1,198.10 and in the euro at €962.18. Full Story
Russia’s currency market witnessed further huge volatility again today. The finance ministry said it would start selling foreign exchange which are primarily in dollars. This appeared to reduce selling pressure on the battered rouble. Full Story
By: Chris Mullen, Gold-Seeker.com - 16 December, 2014
Gold climbed $31.65 to $1223.35 at about 7AM EST before it fell back to $1187.93 in the next four hours of trade, but it then bounced back higher into the close and ended with a gain of 0.39%. Silver rose to as high as $16.641 before it fell back to $15.538 and then also rebounded, but it still ended with a loss of 2.48%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 16 December, 2014
New York closed at $1,191.70 down a huge $30.40 before Asia took it up to $1,196.4. The euro rose slightly to $1.2475. In London gold rose and the gold Fixing was set at $1,199.25 down $11.50 and in the euro, at €960.245 down €14.285 while the euro was half a cent stronger at $1.2489. Ahead of New York’s opening gold was trading in London at $1,200.80 and in the euro at €960.14. Full Story
India's gold imports were over a staggering 150 tonnes in November and have seen a "phenomenal" rise in India according to India’s Trade Secretary, Rajeev Kher. A few weeks ago we said that the death of the Indian gold market was greatly exaggerated. The latest gold import data out of India confirms this. Full Story
The inability to rise further along with a technical breakdown (apart from the continued fall in crude oil prices) resulted in the fall in gold and silver. There can be further losses if gold and silver fall further in the US session. India’s November gold imports are up 571.28% (year on year) to $5.61 billion. Indian demand for gold will fall over the coming weeks and the next two months. Full Story
By: Chris Mullen, Gold-Seeker.com - 15 December, 2014
Gold dropped about 1% in London before it bounced back towards unchanged in late morning New York trade, but it then fell back off into the close and ended near its late session low of $1190.67 with a loss of 2.49%. Silver slipped to as low as $16.122 and ended with a loss of 5.12%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 15 December, 2014
New York closed at $1,222.10 down $3.00 before Asia took it down to $1,219.30. The euro rose over half a cent to $1.2452. In London the gold Fixing was set at $1,210.75 down $12.75 and in the euro, at €974.53 down €9.78 while the euro was unchanged at $1.2424. Ahead of New York’s opening gold was trading in London at $1,211.40 and in the euro at €975.05. Full Story
Silver bullion demand remains very robust as silver stackers continue to stack. 2014 has been another record-breaking year at the U.S. Mint which has sold 43.3 million silver eagle coins – up from 42.7 million coins last year. Full Story
It is all about the FOMC meet this week for commodities. Technically gold and silver are bullish and can rise further. The FOMC statement will be the key. Lack of inflationary pressure due to low energy prices can prompt the Federal Reserve to change the interest rate stance for next year. Yearend short covering on the US dollar will be closely watched. Full Story
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