By: Chris Mullen, Gold-Seeker.com - 7 November, 2014
Gold fell almost 1% in Asia and held near unchanged in London, but it then climbed steadily higher for most of trade in New York and ended near its last minute high of $1177.33 with a gain of 2.78%. Silver slipped to $15.06 in Asia, but it then climbed to as high as $15.79 in New York and ended with a gain of 1.88%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 7 November, 2014
Ahead of New York’s opening, gold was trading at $1,144.90 and in the euro at €923.31. The gold price closed at $1,143.50 up $1.50 on Thursday. It was then taken up overnight to $1,145 and was then Fixed at $1,145.00 up $0.50 and in the euro at €923.387 up €8.446, while the euro stood stronger at $1.2400. The volumes of net gold traded were three sellers selling 48,000 ounces and one buyer buying 40,000 ounces before the pro-rata process kicked in. Full Story
After their recent falls, gold and silver are great value today versus stocks and bonds. The smart money accumulates on dips and buys low to sell high and is using this latest dip to acquire bullion on the cheap. Both precious metals may go lower in the short term and $1,000/oz and $10/oz are possible. However, those taking a long view and buying for 3, 5 and 10 years will again be handsomely rewarded. Full Story
By: Chris Mullen, Gold-Seeker.com - 6 November, 2014
Gold chopped around between $1142.22 and $1149.44 and ended with a gain of 0.1%. Silver rose to as high as $15.465 and ended with a gain of 1.11%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 6 November, 2014
The gold price closed at $1,142.40 down another $25.30 on Wednesday. It was then taken up overnight to $1,143.8 and was then Fixed at $1,144.50 down $0.75 and in the euro at €914.941 down €2.36, while the euro stood stronger at $1.2509. The volumes of net gold traded were two sellers selling 118,000 ounces and two buyers buying 112,000 ounces before the pro-rata process kicked in. Ahead of New York’s opening, gold was trading at $1,145.40 and in the euro at €915.00. Full Story
The gulf between the physical precious metals markets and the paper or electronic gold and silver markets is growing again and risks becoming as broad as it has ever been. Demand for gold and particularly silver bullion has been very high across the world in recent weeks. The sharp price falls in recent days has led to even greater demand and concerns about supply and rising bullion premiums. Now the U.S. Mint is sold out and the Canadian Mint is rationing supplies. Full Story
The next big wave of selling will be there if gold trades below $1137 either in the UK session or the US session. Silver needs to trade over $1510 to be in a bullish zone. Today and tomorrow’s session is very crucial for gold and silver. Higher crude oil prices will prevent gold and silver from big losses. Technically crude oil has bottomed out and can rise to $82.20 and $96.00 as long as it trade over $75.00. Indian banks are closed today. Indians will be buying tomorrow. Full Story
By: Chris Mullen, Gold-Seeker.com - 5 November, 2014
Gold dropped almost $30 to $1137.79 just before 7AM EST before it bounced back higher in morning New York trade, but it still ended with a loss of 2.17%. Silver slipped to as low as $15.172 and ended with a loss of 4.68%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 5 November, 2014
The gold price closed at $1,167.7-0 up 70 cents on Tuesday. It was then taken down overnight to $1,150 and London took it down to $1,145 ahead of the Fix. The euro is slightly weaker this morning at $1.2489. The Fix was set $1,145.25 down $24.00 and in the euro at €917.301 down €16.61, while the euro stood weaker at $1.2485. The volumes of net gold traded were two sellers selling 40,000 ounces and one buyer buying 48,000 ounces before the pro-rata process kicked in. Ahead of New York’s opening, gold was trading at $1,145.50 and in the euro at €917.43. Full Story
Silver has had a torrid time in recent months and has fallen nearly 40% since July. In less than four months, it is down from $21.40/oz to $15.45/oz today. Silver is 70% lower since reaching over $49/oz in April 2011. The selling has accelerated in recent days and silver has fallen from $17.20/oz on October 28 and is down 12% in the last week. Full Story
By: Chris Mullen, Gold-Seeker.com - 4 November, 2014
Gold dipped $2.10 to $1164.80 in Asia before it jumped up to $1173.28 at about 6AM EST and then chopped back lower, but it still ended with a gain of 0.07%. Silver slipped to as low as $15.928 and ended with a loss of 0.8%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 4 November, 2014
The gold price closed at $1,166.90 down $5.50 on Monday. On Tuesday, Asia and London held it there before it slipped to $1,165. The euro is slightly stronger this morning at $1.2509. The Fix was set $1,169.25 down $1.50 and in the euro at €933.91 down 6.90 up down €2.99, while the euro stood stronger at $1.2520. The volumes of net gold traded were one seller selling 8,000 ounces and one buyer buying 16,000 ounces before the pro-rata process kicked in. Ahead of New York’s opening, gold was trading at $1,169.20 and in the euro at €933.94. Full Story
Disillusionment with Europe's single currency continues to grow with the cracks beginning to show in it's heartland, Germany, where the third largest political party is now selling gold coins and bars to raise funds. In a poll in September Alternative for Germany (AfD) were found to be Germany's third most popular party. The rise of the Alternative for Germany (AfD) party saw it receive 10.6% of the vote in Thuringia and 12.2% in Brandenburg on 14 September. Two weeks earlier it secured its first regional government seats in Saxony. Full Story
By: Chris Mullen, Gold-Seeker.com - 3 November, 2014
Gold dropped down to $1163.51 in Asia before it rebounded to $1173.43 in London, but it then fell back off in New York and ended with a loss of 0.47%. Silver slipped to as low as $15.827 in Asia, but it then rose to as high as $16.232 in New York and ended at unchanged on the day. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 3 November, 2014
The gold price closed at $1,172.4 down $26.30 on Friday. On Monday, Asia and London took down to $1,168 before it recovered to $1,170. The euro is weaker this morning at $1.2493. The Fix was set $1,170.75 down $2.50 and in the euro at €936.90 up 3.447 up €3.453, while the euro stood weaker at $1.2496. The volumes of net gold traded were two sellers selling 44,000 ounces and two buyers buying 62,000 ounces before the pro-rata process kicked in. Ahead of New York’s opening, gold was trading at $1,171.40 and in the euro at €937.42. Full Story
The Swiss referendum on monetary gold approaches on 30 November, less than four weeks, one aspect of the debate continues to focus on the need, or otherwise, for the Swiss National Bank (SNB) to continue to store a percentage of the Swiss gold reserves abroad. Full Story
The sentiment towards gold and silver is hyper bearish. People like me are trying to gauge the price at which hyper demand (investment and jewelry sales) can lift the sagging sentiment of gold and silver. Investors are a vanished lot in gold and silver however they can return for the short term if gold is able to trade over $1140 and silver is able to trade over $1465. Full Story
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