By: Chris Mullen, Gold-Seeker.com - 21 April, 2017
Gold gained $6.10 to $1287.30 in early afternoon New York trade before it chopped back lower into the close, but it still ended with a gain of 0.29%. Silver slipped to as low as $17.814 and ended with a loss of 0.28%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 21 April, 2017
All three global gold markets are in line with each other. At this moment in time, we don’t see that the three are leading or following each other, but the closeness of prices tells us that arbitrageurs are doing a very professional job of smoothing out the gold markets across the world. New York closed $1.44 below Shanghai’s closing yesterday and today. London opened at a $1.46 discount to Shanghai in line with New York. This is the closest we have ever seen them. Full Story
– Silver, platinum and palladium see increased role as investment vehicles – Increase in academic output on the white precious metals is in line with this – Silver and particularly gold are safe haven assets – Silver was a safe haven at times during which gold failed to be – Platinum and palladium less so but have diversification benefits Full Story
By: Chris Mullen, Gold-Seeker.com - 20 April, 2017
Gold chopped up to $1283.20 in late morning New York trade before it dropped back to $1276.70 in early afternoon action, but it then bounced back higher into the close and ended with a gain of 0.16%. Silver slipped to as low as $17.879 before it also rallied back higher, but it still ended with a loss of 0.72%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 20 April, 2017
Shanghai continues to lead the way in the gold markets, barely changing its prices over the last two days, despite very heavy buying in New York into the U.S. based gold ETFs and the dollar weakening. We feel it is important to factor the current dominance of Shanghai’s pricing of gold over that of London and New York. In line with this, we expect Shanghai to exert an upward pull on New York and London’s prices for the rest of this week. Full Story
David McWilliams has written an interesting article in which he puts forward the case that Trump is likely to turn on the “enemy within,” the Federal Reserve and bully them into “printing money.” He points out that this was seen in 1971 when Nixon bullied the Fed into printing and debasing the dollar. McWilliams says this would be bad for stocks markets which would fall in value as was seen in the 1970s. Full Story
By: Chintan Karnani, Insignia Consultants - 20 April, 2017
Lack of news resulted in gold and silver correcting yesterday which if it continues today will result in a mild sell off. Indian demand and Asian demand will be the key for gold and silver. Investment demand for gold and silver is expected to remain firm as long as they trade over $1258 and $1737. Full Story
By: Chris Mullen, Gold-Seeker.com - 19 April, 2017
Gold dropped $14.60 to $1275.50 in midmorning New York trade before it edged back higher at times, but it still ended with a loss of 0.84%. Silver slipped to as low as $18.099 and ended with a loss of 0.98%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 19 April, 2017
Shanghai led the way lower today taking London back to the mid-$1,280 area again. To us this was important as it confirms the price dominance of Shanghai over London. If New York gold prices rise today without any specific news to cause that, then it will be an attempt to reclaim price dominance. If not then Shanghai will show its overall, dominant, pricing power. Full Story
– Silver production sees “huge decline” in Peru – Production -12% in one month in 2nd largest producer – Silver decline is due to ‘exhaustion of reserves’ in Peru – GFMS recognise that ‘Peak Silver’ was reached in 2015 – Global silver market had large net supply deficit in 2016 – Silver rallied 13.5% in Q1 in 2017 Full Story
By: Chintan Karnani, Insignia Consultants - 19 April, 2017
The key headline is early UK snap polls in June. There will be big moves in the UK Pound and gold either a fortnight before or a fortnight after the UK election results are declared. The UK elections result will have a big impact on the medium term trend of precious metals as well as the US dollar. The period between 23rd May till 23rd June will be very crucial for gold bulls as well as cable bulls. I expect short covering in the cable before the UK elections. Full Story
By: Chris Mullen, Gold-Seeker.com - 18 April, 2017
Gold edged up to $1287.30 in London before it spiked down to $1279.40 at about 10AM EST, but it then rose to a new session high of $1292.30 in early afternoon trade and ended with a gain of 0.49%. Silver slipped to as low as $18.091 before it also bounced back higher, but it still ended with a loss of 0.49%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 18 April, 2017
The Shanghai Gold Exchange was trading at 286.00 towards the close today. This translates into $1,286.84. New York closed $3.04 below Shanghai’s closing. London opened at a $0.00 discount to Shanghai. This left all three markets almost in line with each other, which is further testament to the ability of arbitrageurs to smooth out market differences. This is the first time we have seen a zero discount to London prices. It tells us that the gold price is going higher soon! Full Story
Although the greenback immediately dropped before stabilizing Thursday, that’s only part of the story. In fact, it has been falling all year as traders lose confidence in Trump’s ability to push his pro-business, pro-growth policies through Congress. Judging by the Federal Reserve’s U.S. Trade Weighted Real Broad Dollar Index, the currency is weaker now than at the end of November, the month of Trump’s election victory. Other markets are sending similar signals. Stocks are rolling over and yields on Treasuries suggest optimism for stronger economic growth is quickly fading. Full Story
By: Chintan Karnani, Insignia Consultants - 18 April, 2017
The fall in gold and silver is just profit taking which if it continues during the day will result in more losses. Intraday volatility will rise. News from North Korea and other parts of the globe will be closely watched. The next seven trading session are very crucial for gold and silver from a medium term perspective. The ability to have a sustained rise will be tested for gold and silver bulls. Full Story
By: Chris Mullen, Gold-Seeker.com - 17 April, 2017
Gold jumped $7.90 to $1295.40 at the open of trade in Asia before it pared back to $1285.80 in London and then bounced back to $1292.70 in late morning New York trade, but it then fell back off into the close and ended with a loss of 0.29%. Silver rose to as high as $18.652 and ended with a loss of 0.59%. Full Story
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