By: Chris Mullen, Gold Seeker Report - 20 April, 2018
Gold fell $11 to $1335.00 in late morning New York trade before it bounced back higher at times, but it still ended with a loss of 0.77%. Silver slipped to as low as $17.044 and ended with a loss of 0.7%. Full Story
Gold is gaining momentum after a 5-year consolidation and is set to challenge the 2011 highs some time next year. Once gold clears $2,000, a powerful bull market should drive the gold price meaningfully higher. Gold has been an unloved asset class for years but that is about to change. I am expecting a bear market in equities and rising yields as a consequence of years of central bank QE. Full Story
By: Chris Mullen, Gold Seeker Report - 19 April, 2018
Gold gained $6 to $1354.60 in Asia before it dropped back to $1341.10 in late morning New York trade and then bounced back higher into the close, but it still ended with a loss of 0.19%. Silver climbed up to $17.349 before it fell down to $17.074, but it quickly rebounded and ended with a gain of 0.41%. Full Story
Palladium bullion has surged a massive 17% in just nine trading days. From $895/oz on Friday April 6th to over $1,052/oz today (April 19th). The price surge is due to palladium being due a bounce after falling in the first quarter and now due to Russian supply concerns. In a volatile month, precious metals and commodities have been the clear winners so far, with palladium having the greatest gains of all up 10.7% in April (see table below). Full Story
By: Chris Mullen, Gold Seeker Report - 18 April, 2018
Gold fell $5 to $1342.30 in Asia before it climbed up to $1355.60 in late morning New York trade and then drifted back lower into the close, but it still ended with a gain of 0.1%. Silver rose to as high as $17.256 before it also fell back off, but it still ended with a gain of 2.44%. Full Story
Industrial demand set to continue to climb from 2017, into 2018 and beyond Speculators are bearish on silver as net short positions in silver futures reach record Investment demand sees silver ETF holdings at eight-month high of 665.4 million ozs 2017 saw fifth consecutive annual physical deficit in scrap silver, of 26 moz Global silver mine production fell 4% last year, 2nd consecutive year of decline Fundamentals and speculative positions suggest silver may soon see strong gains Full Story
By: Chris Mullen, Gold Seeker Report - 17 April, 2018
Gold gained $2.80 to $1348.80 in Asia before it fell back to $1337.70 at about 9AM EST, but it then rallied back higher for most of the rest of trade and ended with a gain of 0.1%. Silver chopped between $16.584 and $16.799 and ended with a gain of 0.6%. Full Story
London house prices fell by 3.2% in the first quarter Halifax Brexit, financial and geo-political uncertainty lead to falls Excluding sale of seven £10m-plus houses in London, prices were down 3.4% in the year UK house prices climb by just 0.4% in April, the slowest increase since 2008 for same period Sales transactions fall by 19% and asking versus selling prices show turning into buyers market Homeowner or not, buy physical gold to hedge falls in physical property Full Story
By: Chris Mullen, Gold Seeker Report - 16 April, 2018
Gold chopped between $1348.60 and $1341.20 in Asia before it climbed up to $1350.50 in midmorning New York trade and then drifted back lower into the close, but it still ended with a gain of 0.12%. Silver edged down to $16.55 before it rose to as high as $16.77 and then also fell back off, but it still ended with gain of 0.18%. Full Story
Global debt has now reached over 327% of global GDP, $237 trillion. Prior to the financial crisis it was less that $150 trillion. The amount by which it has surged in just one year is the same amount as the ballooning national debt of the United States. The response of our leaders, central bankers and financial thinkers to this latest data? It was good news as it showed that thanks to global growth the ratio of debt-to-gross domestic product fell for the fifth consecutive quarter. No irony in the fact that the economic growth is entirely funded by debt itself adding another shaky layer to the house of cards. Full Story
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