By: Chris Mullen, Gold Seeker Report - 22 December, 2017
Gold saw slight losses in Asia, but it then jumped up to as high as $1275.90 in New York and ended with a gain of 0.54%. Silver rose to as high as $16.417 and ended with a gain of 1.12%. Full Story
By: Chris Mullen, Gold Seeker Report - 21 December, 2017
Gold edged up to $1268.30 in Asia before it fell back to $1263.10 in London, but it then climbed to a new session high of $1268.90 in the last minutes of trade in New York and ended with a gain of 0.17%. Silver chopped between $16.09 and $16.24 and ended with a loss of 0.31%. Full Story
American companies announcing large bonuses for its employees after the passage of Tax bill will result in higher consumption in the first quarter of next year. Higher retail consumption in the USA will result in higher employment and higher profitability. Global stock markets will remain firm and result in rosier projections for economic growth in the USA and China. Full Story
By: Chris Mullen, Gold Seeker Report - 20 December, 2017
Gold gained $4.10 to $1266.30 in London before it fell back to $1262.00 in midmorning New York trade, but it then jumped to a new session high of $1267.80 by early afternoon and ended with a gain of 0.25%. Silver rose to as high as $16.246 and ended with a gain of 0.31%. Full Story
– Peak gold will be a major driver, gold over $5,000/oz ‘not beyond the realms of possibility’ – Relationship between interest rates and inflation are one of the key catalysts for price – Geopolitical uncertainty will continue to play a key role in determining the price of gold – What happens when the unstoppable force of robust global demand for gold meets the immovable object of a small, finite, rare and dwinding supply of physical gold? Full Story
By: Chris Mullen, Gold Seeker Report - 19 December, 2017
Gold gained $3.90 to $1265.20 in London before it chopped back down to $1259.30 in early afternoon New York trade, but it then bounced back higher into the close and ended with a gain of 0.07%. Silver rose to as high as $16.221 and ended with a gain of 0.06%. Full Story
– War on cash continues and expands to affect non-criminals including gold owners – New definitions of “cash” to be drawn up by EU to include gold and precious metals – Claim cash and gold bullion “often used for criminal activities such as money laundering, or terrorist financing” – Legislation will allow authorities to seize assets from those ‘without a criminal conviction’ – New rules usurp those currently in existence since 2005 Full Story
I have seen a number of people investing their profits from bitcoins into physical gold and silver. This is the correct investment strategy. Make short term profits from crypto currencies and invest for the long term in gold and silver. Those who say that bitcoins and other crypto currencies will nosedive will regret for not having invested. Bitcoin is not just hype. Full Story
By: Chris Mullen, Gold Seeker Report - 18 December, 2017
Gold gained $7.90 to $1263.70 in late morning New York trade before it drifted back lower into the close, but it still ended with a gain of 0.44%. Silver rose to as high as $16.166 and ended with a gain of 0.5%. Full Story
– ‘Availability of gold strengthens public confidence in the central bank’s balance sheet’ say Bundesbank – Bundesbank has Audited Reserves amounting to almost 3,400 tonnes, around 68% of Bundesbank’s reserve assets – Bank taken series of steps to increase transparency around Germany’s gold holdings – Germany has second largest gold holdings in the world; U.S. believed to be largest – Transparency important and all central banks should follow the Bundesbank lead Full Story
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