By: Chris Mullen, Gold Seeker Report - 24 August, 2018
Gold soared $22.90 to as high as $1208.40 by midday in New York before it edged back lower in afternoon trade, but it still ended with a gain of 1.7%. Silver surged to as high as $14.87 and ended with a gain of 2.14%. Full Story
This week we brought you a series of short videos from an interview between Stephen Flood, CEO of GoldCore.com, and commodities trading expert Carley Garner. We also broke the news regarding the Russian central bank’s accelerated diversification out of the U.S. dollar and into gold. Full Story
The inability of gold and silver to rise despite all the positive news will prevent new investors and long term investors from investing. Indian demand for gold and silver will continue to rise till 13th September (Ganesh Chaturthi) and thereafter take a pause for a fortnight (shradh paksh) and then resume again till 4th November. Asians are buying gold and silver and will continue to buy gold and silver. I am very positive on Asian demand of gold and silver. Full Story
By: Chris Mullen, Gold Seeker Report - 23 August, 2018
Gold dropped $10.10 to $1186.50 in Asia before it bounced back towards unchanged in London, but it then fell back off again in New York and ended near its late session low of $1184.00 with a loss of 0.93%. Silver slipped to as low as $14.482 and ended with a loss of 1.76%. Full Story
– Silver has been basically in a “volatility depression” (see chart) – Volatility has been “slowly decreasing over time … for years now” – Silver is “forming some sort of base” and “it is due for a massive break out” and this should “pull gold up with it” Full Story
By: Chris Mullen, Gold Seeker Report - 22 August, 2018
Gold dipped $1.10 to $1192.90 in Asia before it rallied to as high as $1201.50 in early New York trade and then fell back off into the close, but it still ended with a gain of 0.22%. Silver rose to as high as $14.873 and ended unchanged on the day. Full Story
Are gold speculators really the least bullish that they have been in years? In this video we look at what the charts are suggesting. While gold speculators are almost always long the charts are showing that they are the least long that they have been in a while. Historically, when this has happened, gold has rallied. Full Story
By: Chris Mullen, Gold Seeker Report - 21 August, 2018
Gold gained $6.10 to $1196.30 in Asia before it dropped back to $1187.80 by late morning in New York, but it then bounced back higher into the close and ended with a gain of 0.32%. Silver slipped to as low as $14.72 and ended with a gain of 0.07%. Full Story
– Russia buys 800k ozs of gold as diversifies reserves from USD – Russia now has total gold reserves worth just $76 billion; Dumped $90 billion of US Treasuries in April and May – 25-ton addition brings Russia’s Central Bank holdings to 1,969 tons; the world’s 5th largest gold reserves – Central bank buying Russian gold on Moscow Exchange for now – Russia sees gold’s role as independent currency and safe haven as is a “100% guarantee from legal and political risks” Full Story
Gold and silver may have formed a short-term bottom last week. If gold and silver prices remain firm till Thursday, then fence sitting long term investors will start investing in gold. Other than the excessive bet on the US dollar as a safe haven, all the factors are bullish for gold. Trader sentiment, perception or momentum by whatever adjective which we use can change in a flash of a second. Full Story
By: Chris Mullen, Gold Seeker Report - 20 August, 2018
Gold gained $5.60 to $1189.80 in Asia before it drifted back to $1184.80 it late morning New York trade, but it then jumped to a new session high of $1190.90 in afternoon trade and ended with a gain of 0.51%. Silver climbed up to $14.845 before it fell back to $14.645 and then also bounced back higher, but it still ended with a loss of 0.41%. Full Story
– Gold season – Is this it? Carley Garner on gold seasonality – Gold “tends to find a bottom in late July and early August” – “August is actually normally a very good month for gold” – Gold “tends to move higher through mid to late November” Full Story
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