By: Chris Mullen, Gold-Seeker.com - 20 November, 2015
Gold gained $5.90 to $1087.90 at about 5AM EST, but it then drifted back lower for most of the rest of trade and ended with a loss of 0.44%. Silver slipped to as low as $14.09 and ended with a loss of 0.84%. Full Story
– Total silver supply is forecast to fall to 1,014.4 Moz* in 2015, down 3% – Silver bullion coin sales at record high, up 95% year-on-year – Coin demand should account for 12% of physical demand this year – Silver market is expected to be in an annual physical deficit of 42.7 Moz* in 2015 – Silver prices this year are 18.3% lower than in the same period in 2014 Full Story
By: Chris Mullen, Gold-Seeker.com - 19 November, 2015
Gold saw decent gains in Asia before it fell back to $1170.42 in London, but it then rose to as high as $1087.18 in New York and ended with a gain of 1.11%. Silver climbed to as high as $14.412 and ended with a gain of 0.71%. Full Story
Europe is in a very dark place. Under the cloud of on-going terrorist threats there is widespread fear of what the future holds – economically, socially and politically. Jeremy Warner writing for the Telegraph yesterday describes the ‘abyss’ into which we are sliding and how this is precisely the reaction that the terrorists had hoped to elicit, despite the fact that – “even in Israel, citizens are far more likely to be the victim of a car accident than a terrorist outrage”. Full Story
Gold edged up to $1072.67 at about 5AM EST before it dropped back to $1067.16 in the next few hours of trade, but it then rallied back higher in afternoon New York trade and ended with a gain of 0.06%. Silver slipped to as low as $14.04 before it also rebounded, but it still ended with a loss of 0.28%. Full Story
Gold is steady but set a fresh near six-year low overnight – the lowest since Feb 2010 – at $1,064.95/oz, after falling 1.2% yesterday. It was gold’s biggest one-day drop in more than a week, and its 21st down day in 24. Gold’s 14-day relative strength index (RSI) remains in oversold territory (below 30) for a tenth session, at 22.5. Full Story
By: Chris Mullen, Gold-Seeker.com - 17 November, 2015
Gold saw only slight losses in Asia and London before it fell $17.60 to as low as $1065.60 by late morning in New York and then bounced back higher in afternoon trade, but it still ended with a loss of 1.26%. Silver slipped to as low as $14.124 and ended with a loss of 0.42%. Full Story
Total sales of U.S. Mint gold coins came in at 44,500 oz per 94,500 coins sold – including both Eagles and Buffalos. This marked a significant decline in sales y/y, with volume by weight down 49.7% y/y and the number of units sold down 33.7%. Average weight of coin sold was down 24.2% y/y to 0.4709 oz per coin. Full Story
By: Chris Mullen, Gold-Seeker.com - 16 November, 2015
Gold gained $16.16 to $1098.16 in Asia before it fell back off in London and New York, but it still ended with a gain of 0.11%. Silver surged to as high as $14.454 and ended with a gain of 0.28%. Full Story
– “Future is uncertain and gold is the most effective insurance against that” – As fears grow about outlook for global economy – long term attraction of gold remains – As “central banks race to devalue currency,” private individuals are buying record amounts of gold – “Gold is simply the best insurance against inflation, or deflation” Full Story
Stocks looked so, so good going into the week but then began to crumble and later on in the week, tumble. I did a lot of selling and have on a few stocks now as the market has turned and one we sold late Thursday plummeted nearly 27% Friday alone. You can always buy a stock back so when I see the warning signs I don’t hesitate for long to do some selling. Full Story
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