By: Chris Mullen, Gold-Seeker.com - 23 January, 2015
Gold dropped down to $1284.59 by a little after 10AM EST before it bounced back higher into the close, but it still ended with a loss of 0.77%. Silver slipped to as low as $18.11 and ended with a loss of 0.44%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 23 January, 2015
New York closed at $1,303.70 up $10.20 as the euro started to really tumble again. In Asia and early London the gold price slipped slightly to $1,296.60 with the euro much weaker at $1.1324 down 2.66 cents against the dollar. The Fix saw the gold price set at $1,293.50 up $6.50 and in the euro, at €1,150.289 up €42.334, while the euro was 3.76cents weaker at $1.1240. Ahead of New York’s opening gold was trading in London uncertainly, at $1,294.00 and in the euro at €1,151.86. Full Story
Stocks, bonds and precious metals surged yesterday as markets cheered the latest wave of money printing on a grand scale. Gold surged 3 per cent in euro terms (see chart below) after Mario Draghi in the ECB announced a massive quantitative easing or QE programme of over EUR 1 trillion from March 2015 to September 2016. Full Story
The surprise element in the European central bank press conference was missing yesterday. $60 billion euro’s a month of free money will be supplied to European nations. This should more than make up for the loss of liquidity due to a Fed interest rate rise (if any) in the future. Traders will now look forward to the FOMC meet week. We expect a softer tone on interest rate hike which should be bullish for bullion. Full Story
By: Chris Mullen, Gold-Seeker.com - 22 January, 2015
Gold fell $13.73 to $1279.77 in London, but it then jumped to as high as $1306.40 in New York and ended with a gain of 0.79%. Silver surged to as high as $18.471 and ended with a gain of 1.27%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 22 January, 2015
New York closed at $1,293.50 up $0.80 as the euro started to weaken again. In Asia and early London the gold price slipped slightly to $1,287.1 with the euro a tad stronger at $1.1581. The Fix saw the gold price set at $1,287 down $11.00 and in the euro, at €1,107.955 down €13.718, while the euro was stronger at $1.1616. Ahead of New York’s opening gold was trading in London at $1,286.60 and in the euro at €1,106.94. Full Story
Gold remains very undervalued and we expect it to continue to make gains as fiat currencies continue to be devalued. The possibility of the very sharp abrupt spike in gold prices, akin to the Swiss franc, is a real one. Gold will likely experience sharp gains in the coming months due to the many risks facing markets. Full Story
By: Chris Mullen, Gold-Seeker.com - 21 January, 2015
Gold climbed $11.29 to $1303.99 by a little after 8AM EST before it fell back to $1284.83 in the next few hours of trade, but it then rallied back higher into the close and ended with a gain of 0.06%. Silver rose to as high as $18.427 and ended with a gain of 1.23%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 21 January, 2015
New York closed at $1,292.70 up $1.00 as the euro started to weaken again. In Asia and early London the gold price moved up to $1,300 with the euro at $1.1561. The Fix saw the gold price set at $1,298.00 up $5.75 and in the euro, at €1,121.673 up €8.048, while the euro was at $1.1572. Ahead of New York’s opening gold was trading in London at $1,298.40 and in the euro at €1,122.21. Full Story
Is gold a safe haven? Mark O’Byrne, executive and research director at GoldCore, told CNBC yesterday that yes it is. He said that the Swiss National Bank’s recent decision was “icing on the cake” for gold and shows how gold thrives in a volatile environment. Full Story
The longer gold and silver rise, the greater are the chances that it will attract short term hot money and medium term investment demand. The European central bank will only increase the availability of free money. It is just the quantum of free money which everyone is guessing. The European central bank will more than make up for the loss of global free money caused due to a Federal Reserve rate hike (if any) this year. Full Story
By: Chris Mullen, Gold-Seeker.com - 20 January, 2015
Gold waffled between $1278.72 and $1272.45 in holiday thinned trade yesterday before it climbed to as high as $1294.07 in late Asian trade today and then pared back a bit in London, but it then rose to a new session high of $1296.98 in New York and ended with a gain of 1.35%. Silver surged to as high as $18.017 and ended with a gain of 1.36%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 20 January, 2015
New York closed at $1,276 up $1.00 as the euro consolidated. In Asia and early London the gold price moved up to $1,284.40 with the euro at $1.1580. The Fix saw the gold price set at $1,292.25 up $16.75 and in the euro, at €1,113.625 up €13.772, while the euro was at $1.1604. Ahead of New York’s opening gold was trading in London at $1,286.60 and in the euro at €1,110.81. Full Story
Although the extent to which the surprise move by the Swiss National Bank last week has damaged financial institutions will not be apparent until the end of the month, it is already clear that enormous damage has been wreaked on many businesses exposed to the foreign exchange markets. Full Story
There will be another big set of one way moves just before the European central bank meeting or just after the European central bank meeting. Momentum is certainly in favor of gold and silver bulls. Indian demand for gold and silver is not much. Indian demand for gold and silver rises around Valentine’s Day. Gold and silver should also be supported by higher Chinese demand before the Chinese New Year next month. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 19 January, 2015
Gold Today –New York closed at $1,275 up $16.50 as the euro continued to slide. In Asia and early London the gold price held that level with the euro 0.75 cents down at $1.1562. The Fix saw the gold price set at $1,275.50 up $17.25 and in the euro, at €1,099.853 up €17.49, while the euro was 1/4 of a cent weaker at $1.1597. Ahead of New York’s opening gold was trading in London at $1,277.00 and in the euro at €1,101.15. Full Story
Gold climbed $17.00 or 1.35% to $1,275.50 per ounce on Friday and silver soared $0.83 or 4.92% to $17.69 per ounce. Spot gold fell 0.3 percent at $1,276.10 in London trading today, while Comex U.S. gold futures for February delivery were down 70 cents an ounce at $1,276.20. The U.S. observes a national holiday today for Martin Luther King and market liquidity is expected to be thin. Full Story
Developments in China need to be closely watched after China suspended three of the nation’s biggest brokerages, including Citic Securities Co. and Haitong Securities Co., from adding margin-finance and securities lending accounts following rule violations. China is trying to clean up its corrupt state system and overhaul its financial markets so that the next phase of higher growth will be sustained. Full Story
The content on this site is protected
by U.S. and international copyright laws and is the property of GoldSeek.com
and/or the providers of the content under license. By "content" we mean any
information, mode of expression, or other materials and services found on GoldSeek.com.
This includes editorials, news, our writings, graphics, and any and all other
features found on the site. Please contact
us for any further information.
Live GoldSeek Visitor Map | Disclaimer
The views contained here may not represent the views of GoldSeek.com, Gold Seek LLC, its affiliates or advertisers. GoldSeek.com, Gold Seek LLC makes no representation, warranty or guarantee as to the accuracy
or completeness of the information (including news, editorials, prices, statistics,
analyses and the like) provided through its service. Any copying, reproduction
and/or redistribution of any of the documents, data, content or materials contained
on or within this website, without the express written consent of GoldSeek.com, Gold Seek LLC,
is strictly prohibited. In no event shall GoldSeek.com, Gold Seek LLC or its affiliates be
liable to any person for any decision made or action taken in reliance upon
the information provided herein.
