By: Chris Mullen, Gold Seeker Report - 7 December, 2018
Gold saw slight gains in Asia and London, but it then accelerated higher in New York and ended near its early afternoon high of $1250 with a gain of 0.82%. Silver rose to as high as $14.645 and ended with a gain of 1.04%. Full Story
– As Brexit looms, the Central Bank of Ireland has refused to discuss the location and value of Irish gold reserves – No date given for removal of “commercially sensitive” gold reserves from Bank of England vaults – Bank of England vaults in London believed to hold almost €200 million of Irish gold – Ireland’s financial system and economy is hugely exposed to a Brexit downturn Full Story
By: Chris Mullen, Gold Seeker Report - 6 December, 2018
Gold chopped near unchanged in low volume trade yesterday before it fell back to $1234.90 in Asia today and then climbed up to a new session high of $1244.30 by midmorning in New York, but it then drifted back lower into the close and ended with a gain of just 0.01% from Tuesday’s close. Silver slipped to as low as $14.351 and ended with a loss of 0.28%. Full Story
– What are “Fake Markets” and will they lead to another global financial crisis? – What do fake markets mean for stock and bond market performance in the future? – Is this the right time to re-balance portfolios and hold more cash and gold? Full Story
Lots and lots of US economic data releases are there today and till 14th December. Most traders believe that the trend of metals and the US dollar Index will be set after the release of US nonfarm payrolls tomorrow. I do not think so. Next week also there can be trend changing US economic data releases like retail sales and GDP numbers. Physical demand of silver is there in India and Asia. But quick spikes happen when investment demand surges or herd trading happens. Full Story
– Gold’s “setup” is “similar to natural gas before its big rally” – Gold is gaining favour over stocks, bitcoin and cryptos – Metals may be primary beneficiaries of imminent greenback peak – Silver “appears ready for a potential longer-term recovery” – GoldCore editors note: Natural gas is 56% higher year to date Full Story
By: Chris Mullen, Gold Seeker Report - 4 December, 2018
Gold gained $11 to $1241.80 by a little after 9AM EST before it chopped back lower at times, but it still ended with a gain of 0.6%. Silver rose to as high as $14.663 and ended with a gain of 1.04%. Full Story
– “Time is running out” – Sir David Attenborough – “Continuation of civilisation is in your hands,” Attenborough warns world leaders – Mass extinction is “on the horizon” – Failure to ‘join the dots’ between environmental risks and significant economic challenges Full Story
By: Chris Mullen, Gold Seeker Report - 3 December, 2018
Gold gained $13.10 to $1234.80 by late morning in New York before it drifted back lower into the close, but it still ended with a gain of 0.74%. Silver rose to as high as $14.555 and ended with a gain of 1.41%. Full Story
“I am going to give you the advice you get after the recession before the recession. Pay off your debt, all that you can. Do not keep borrowing except in certain circumstances like you are going to buy a home, and it is prudent purchase. Buy a car when you can buy it with cash whenever possible…and always try to be a net saver.” Full Story
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