By: Chris Mullen, Gold-Seeker.com - 22 January, 2016
Gold dropped $8.53 to $1094.17 by a little after 9AM EST before it bounced back to $1101.33 in the next hour and a half of trade, but it then drifted back lower into the close and ended with a loss of 0.54%. Silver slipped to as low as $14.031 and ended with a loss of 0.57%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 22 January, 2016
The New York gold price closed Wednesday at $1,101.20 up from $1,087.20 up $14. In Asia on Thursday, it was lifted to over $1,103.75 before London opened and then was set by the LBMA at $1,097.65 up from $1,096.80 with the dollar index higher at 99.31 up from 99.03 on Thursday. The euro was down at $1.0824 from $1.0901 against the dollar. The gold price in the euro was set at €1,014.09 up from €1,006.15. Ahead of New York’s opening, the gold price was trading at $1,097.70 and in the euro at €1,014.14. Full Story
European central bank’s move on the next round of quantitative easing is a deliberate move to weaken the euro. Just when it seemed that euro/usd will be able to break past key technical resistance of 1.1125, ECB comes and knocks it down. This is nothing but a part of the currency war. Gold and silver knocked down after the ECB statement. Full Story
By: Chris Mullen, Gold-Seeker.com - 21 January, 2016
Gold edged up to $1104.40 in Asia before it fell back to $1092.49 by late morning in New York, but it then bounced back higher in the last 5 hours of trade and ended with a gain of 0.14%. Silver slipped to as low as $13.887 and ended with a loss of 0.14%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 21 January, 2016
The New York gold price closed Wednesday at $1,101.20 up from $1,087.20 up $14. In Asia on Thursday, it was lifted to over $1,103.75 before London opened and then was set by the LBMA at $1,096.80 up from $1,093.20 with the dollar index lower at 99.03 down from 99.21 on Wednesday. The euro was down at $1.0901 from $1.0906 against the dollar. The gold price in the euro was set at €1,006.15 up from €1,002.38. Ahead of New York’s opening, the gold price was trading at $1,101.65 and in the euro at €1,010.22. Full Story
Over the past five days investors bought 26.8 metric tonnes of bullion through exchange-traded products backed by the metal, according to Bloomberg (see chart above). In addition, Reuters says gold and silver demand is off the charts; the U.S. Mint sold nearly as much gold on the first day of 2016 as in all of January 2015, with silver sales equally as astounding. Full Story
By: Chris Mullen, Gold-Seeker.com - 20 January, 2016
Gold gained $21.76 to $1108.96 by early afternoon in New York before it drifted back lower into the close, but it still ended with a gain of 1.29%. Silver rose to as high as $14.194 and ended with a gain of 0.86%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 20 January, 2016
The New York gold price closed Tuesday at $1,087.20 down $2. In Asia on Wednesday, it was lifted to over $1,094 before London opened and then was set by the LBMA at $1,093.20 up from $1,087.00 with the dollar index lower at 99.03 down from 99.21 on Tuesday. The euro was up at $1.0906 from $1.0867 against the dollar. The gold price in the euro was set at €1,002.38 up from €1,000.28. Ahead of New York’s opening, the gold price was trading at $1,095.15 and in the euro at €1,004.17. Full Story
Marc Faber, editor of the “Gloom, Doom and Boom Report,” has advised investors that now is a good time to invest in gold because stocks will crash over 40% and the world is on the verge of a new liquidity and debt crisis. Faber says investors would be prudent to diversify into safe haven in gold bullion which has risen 3% this year and is currently at $1,096 an ounce. Full Story
By: Chris Mullen, Gold-Seeker.com - 19 January, 2016
Gold edged up to $1093.89 in Asia before it dropped back to $1082.99 in London and then bounced back higher in New York, but it still ended with a loss of 0.17%. Silver rose to as high as $14.182 and ended with a gain of 0.94%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 19 January, 2016
The New York gold price closed Monday at $1,089.10 the same as Friday. In Asia on Monday, it was held at the same level as it was in London until it was set by the LBMA at $1,087.00 down from $1,090.45 with the dollar index higher at 99.21 up from 99.03 on Monday. The euro was down at $1.0867 from $1.0891 against the dollar. The gold price in the euro was set at €1,000.28 down from €1,001.24. Ahead of New York’s opening, the gold price was trading at $1,087.45 and in the euro at €1,000.69. Full Story
In a crisis, it helps to have good counsel. Consider the following sage advice from investment strategist and financial advisor Mike Tyson: “Everyone has a plan ‘til they get punched in the mouth.” Or as German military strategist Helmuth von Moltke the Elder put it, somewhat more formally: “No battle plan ever survives contact with the enemy.” The enemy has been quick to show himself this year, in the form of a bear market, at least for stocks. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 18 January, 2016
The New York gold price closed Friday at $1,089.10 up from $1,076.90. In Asia on Monday, it was moved down to $1,088.25 and London held slightly higher until it was set by the LBMA at $1,090.45 with the dollar index almost the same at 99.03 up from 98.97 on Friday. The euro was at $1.0891 down from $1.0897 against the dollar. The gold price in the euro was set at €1,001.24 up from €992.29. Ahead of New York’s opening, the gold price was trading at $1,090.00 and in the euro at €1,000.83. Full Story
“It had a great first week. Bullish chatter was starting to be heard. Then it stuttered. So have we seen the low? Are we in a new bull market?” “But gold’s time is coming again. New gold narratives will soon emerge. And two or three years from now, you might be mighty glad you own some.” Full Story
Bombs are blasting in every part of the world. Turkey, Mexico, Jakarta and Burkina Faso. People are fed up with terror. But I only expect an increase in terror related deaths this year. Russia, last year has exposed that Turkey is one for the forming members of the Islamic State along with the rulers of Saudi Arabia, Bahrain and Qatar. America is the weapons supplier of the Islamic state. Full Story
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