By: Chris Mullen, Gold Seeker Report - 20 July, 2018
Gold saw slight losses in Asia, but it then climbed steadily higher in London and New York and ended near its session high of $1232.10 with a gain of 0.65%. Silver rose to as high as $15.536 and ended with a gain of 1.24%. Full Story
Global Debt Time Bomb Surges To Nearly $250,000,000,000,000 – GoldCore Video “Biggest Bubble in the History of Mankind” Is “Going To Burst” – Ron Paul Collusion between Government, Regulators and Two Bailed-Out UK Banks Trump, Russia, Brexit and the Demand For Gold and Silver – GoldCore Interview Full Story
Gold and silver should rise today and the US dollar should fall after Trump’s comments on interest rate hikes. The US dollar is rising and precious metals are falling on expectation of quicker pace of interest rate hikes by the Federal Reserve and other central banks. The US dollar could bomb against the major currencies if the Federal Reserve does not act independently. Full Story
By: Chris Mullen, Gold Seeker Report - 19 July, 2018
Gold dropped $16 to $1211.80 in London before it spiked up to $1228.70 in early afternoon New York trade after Trump said he’s “not happy” about the Fed raising interest rates, but it then chopped back lower into the close and ended with a loss of 0.4%. Silver slipped to as low as $15.177 and ended with a loss of 1.48%. Full Story
Scottish businessman, Neil Mitchell has waged a long battle for justice for UK victims of RBS, the UK taxpayer owned bank that was found to have forced viable businesses into bankruptcy. Mitchell suspects the bank may have also practiced such tactics in America and he tells the Keiser Report about this and how he is taking his case across the Atlantic. Full Story
By: Chris Mullen, Gold Seeker Report - 18 July, 2018
Gold fell $6.50 to $1221.30 in late Asian trade before it bounced back higher in London and New York, but it was unable to close with a gain. Silver slipped to as low as $15.394 and ended with a loss of 0.19%. Full Story
The Congressional Budget Office estimates that federal deficits will average $1.2 trillion a year from 2019 to 2028, according to its April economic outlook. Its 2018 deficit estimates rose by $242 billion over previous forecasts made in June 2017. The federal agency said the revision was mainly owing to lower projected revenues tied to tax reform. Full Story
Gold and silver fell below the key long term moving averages and key retracement levels after the Federal Reserve chairman’s semi-annual testimony. The Indian gold future price fell below Rs.30,000 after more than a year. There should be very good physical demand in Asia for gold. I am not very sure of higher silver demand in Asia. Gold premiums will rise. Full Story
By: Chris Mullen, Gold Seeker Report - 17 July, 2018
Gold edged up to $1245.00 in Asia before it dropped back to $1226.10 in late morning New York trade and then bounced back higher into the close, but it still ended with a loss of 1.08%. Silver slipped to as low as $15.548 and ended with a loss of 1.33%. Full Story
– Global debt time bomb surges to nearly a ‘Quarter Quadrillion’ ($250T) – “The $247 trillion global debt bomb” Washington Post warn – Debt surges globally and global debt is up almost $150 trillion in just 15 years according to analysis by the Institute of International Finance – Debt expansion appears to be accelerating and in Q1,2018 alone, global debt surged by another $8 trillion Full Story
By: Chris Mullen, Gold Seeker Report - 16 July, 2018
Gold edged up to $1245.60 in Asia before it dropped back to $1238.40 in early afternoon New York trade and then bounced back higher into the close, but it still ended with a loss of 0.03%. Silver slipped to as low as $15.743 and ended with a loss of 0.06%. Full Story
– Trump, Russia and Brexit and resulting impact on gold and silver coin and bar demand – Global demand for gold and silver is mixed but overall sentiment is poor and depressed – U.S. bullion demand fell, UK demand lackluster despite Brexit, German demand is strong – Which nations are buying gold? China, Russia and Asian nations have cultural affinity – “Classic currency debasement” is ongoing and gold and silver are stores of value Full Story
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