By: Chris Mullen, Gold-Seeker.com - 23 December, 2016
Gold rose to as high as $1135.53 in late morning New York trade before it drifted back lower into the close, but it still ended with a gain of 0.28%. Silver slipped to as low as $15.68 and ended with a loss of 0.51%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 23 December, 2016
For the last few weeks, while the U.S. digested the election win by Trump, the euphoria has bubbled over. But as we all know, while Trump’s businesslike objectives may be encouraging, they are against the background of an economy that while moderately expansive but far from vigorous, as demand for durable goods fell 4.6% in November and jobless claims rose in the same month. So President Trump has to produce miracles to achieve what the Market euphoria expects of him. So a calming process in the markets must happen and we see the beginning of that now. Full Story
The reality of peak gold production has recently been acknowledged by Bloomberg and some of the financial media. Yet the mainstream, non specialist financial media has yet to cover this important topic with obvious ramifications for the gold market and the gold price in the medium and long term. Full Story
By: Chris Mullen, Gold-Seeker.com - 22 December, 2016
Gold popped up to $1134.04 in midmorning New York trade before it fell back to $1127.80 in early afternoon trade and then bounced back higher at times, but it still ended with a loss of 0.25%. Silver slipped to as low as $15.765 and ended with a loss of 0.94%. Full Story
The last fortnight has been an exciting one in the gold and blockchain space. Earlier this week Euroclear and Paxos announced that a group which included Société Générale, Citi, Scotiabank had completed the first pilot of the blockchain-based gold trading platform as being developed by Euroclear. In Canada, the Royal Canadian Mint became the latest sovereign mint to announce a blockchain product with GoldMoney. Full Story
By: Chris Mullen, Gold-Seeker.com - 21 December, 2016
Gold gained $5.51 to $1137.01 in Asia before it drifted back to $1130.09 in late morning New York trade, but it then bounced back higher into the close and ended with a gain of 0.01%. Silver edged up to $16.178 before it fell back $15.907 and then also rebounded, but it still ended with a loss of 0.62%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 21 December, 2016
Today the dollar is pausing in its rise and gold too is consolidating with a slightly stronger bias right now. There were no sales from the gold ETFs yesterday, which has assisted the consolidation. If heavy ETF sales come in now the gold price will fall, if not we expect the gold price to continue rising. Full Story
China’s leading gold conference was attended by over 250 gold industry professionals from across the value chain including mining companies, refiners and fabricators, bullion dealers, government and private mints, exchanges, investment and bullion banks, brokerage firms, money managers, trading houses, jewelers, consultancies, service providers, policymakers and central banks. Full Story
By: Chris Mullen, Gold-Seeker.com - 20 December, 2016
Gold fell $12.82 to $1126.48 in late morning New York trade before it jumped back higher heading into the afternoon, but it still ended with a loss of 0.68%. Silver fell to as low as $15.626 at one point, but it then rose to as high as $16.082 in early afternoon trade and ended with a gain of 0.37%. Full Story
What was unthinkable has become reality and the future is as uncertain as it has ever been. However, his election was foretold 157 years ago by the English philosopher John Stuart Mill. As such, the conditions and causes that ushered in the Trump era could not have been clearer. In an echo chamber of neo liberal ideology, the cosy cartel of press and politician alike traded information, scoops and leaks back and forth with ease. They became blinded to growing discontent, the numbers of disconnected and the genuine concerns of a growing mass of minorities within our society. Full Story
By: Chris Mullen, Gold-Seeker.com - 19 December, 2016
Gold gained $8.80 to $1142.30 in Asia before it pared back to $1137.06 in London, but it then chopped back higher in New York and ended with a gain of 0.51%. Silver climbed up to $16.208 in Asia, but it then fell to as low as $15.906 in New York and ended with a loss of 0.62%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 19 December, 2016
We feel that the dollar has run too far, for too long on the back of hopes under the Trump administration. It is certainly against the interest of the U.S. to have a strong dollar at this point in the U.S. With the Yuan continuing to fall we may well see our forecast of 7.00 against the dollar reached by the end of this year. In 2017 we expect more falls in the Chinese currency. Let’s be clear on this, if the dollar continues to strengthen much more, the likelihood of import controls via stringent tariffs increases. Full Story
MPS shares fell 8.5% in early trading this morning as the bank began its attempt to entice institutional and retail investors to snap up fresh shares. The bank wants 40,000 retail investors and savers to take part in a complex €5 billion (£4.18bn) bailout. The Tuscan lender said it is pressing ahead with a highly-ambitious plan to persuade private investors to convert their bonds into shares. This process must be completed in the next two weeks – by the end of the year. Full Story
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