By: Chris Mullen, Gold-Seeker.com - 24 March, 2016
Gold fell $7.60 to $1212.80 in Asia before it bounced back to $1223.73 at about 8:45AM EST and then chopped back lower at times, but it ended with a loss of just 0.26%. Silver slipped down to $15.146 before it also rebounded, but it still ended with a loss of 0.52%. Full Story
Today felt like a short covering rally during the bear market years in the PM complex only in reverse. Days like today can make one think that the rally over the last two months is all she wrote for the new bull market.. Did the baby bull die at birth? Maybe , but I’ll need to see more proof that the bear market for the precious metals stocks, that ended on January 19th of this year is back. Full Story
Deflation remains the bigger threat for now, which is partly why gold has been a poor investment in recent years, but the money printing excesses of central banks could yet unleash inflation. In the meantime, the gold price offers some protection during repeat episodes of buckling confidence. Full Story
By: Chris Mullen, Gold-Seeker.com - 23 March, 2016
Gold fell $31.81 to $1216.39 by midmorning in New York before it bounced back higher into the close, but it still ended with a loss of 2.23%. Silver slipped to as low as $15.225 and ended with a loss of 3.91%. Full Story
As ever with insurance, it is important to focus on the value derived by the owner rather than solely speculations regarding the price. When buying insurance – whether that be car, health, house or the financial insurance that is gold it is also important to consider the risk of not having insurance and how much it may cost not to be insured. Full Story
By: Chris Mullen, Gold-Seeker.com - 22 March, 2016
Gold jumped $15.39 to $1259.49 by about 4AM EST before it chopped back lower in London and New York, but it still ended with a gain of 0.33%. Silver rose to as high as $15.996 and ended with a gain of 0.32%. Full Story
Safe haven assets, gold and German bonds rose, while European stocks and global stock futures fell, after explosions rocked a Brussels airport departure hall and a subway station near a number of important EU institutions. At least 26 people are reported to have been killed after the explosions which the Belgian prosecutor has alleged are “terrorist attacks.” Full Story
By: Julian D. W. Phillips, Gold Forecaster - 22 March, 2016
The gold price jumped $14 this morning as the dollar strengthened slightly. ETF buying is still underpinning prices in this volatile U.S. gold market. This is expected to be an ongoing pattern in the days ahead.
We usually hear two criticisms of gold, first that it gives no yield and second that it is bought in times of uncertainty. Full Story
Germany has said that it wants to take back its gold stored in vaults of the Federal Reserve by 2020. The real picture is that Federal Reserve does not have the German gold. It will need to buy gold from the open market since the early 1980’s. The Federal Reserve has used all the gold (of other nations) to defend the value of the US dollar. In the short term gold will be dictated by US interest rate direction. Full Story
By: Chris Mullen, Gold-Seeker.com - 21 March, 2016
Gold dropped $12.64 to $1240.76 in Asia before it bounced back higher in London, but it then drifted back lower in New York and ended with a loss of 0.74%. Silver slipped to as low as $15.703 before it popped back to $15.895 and then chopped back lower, but it still ended with a gain of 0.19%. Full Story
The conclusion therefore is that the dollar is going to turn up here, or very soon, and that commodities are going to get smacked back down again, especially copper, gold and silver, and oil. Gold in particular is very vulnerable after it recent frothiness and wild excitement among goldbugs. Full Story
Silver remains undervalued versus gold and the gold silver ratio suggests “selling the former” and “buying the latter” according to a Bloomberg article published today. Full Story
By: Julian D. W. Phillips, Gold Forecaster - 21 March, 2016
We are seeing large purchases spread over time, so as not to let the gold price run ahead of itself! This leaves dealers uncertain as to whether they are going to be caught wrong-footed when prices are marked up and they attract sellers or short-sellers. This continues to allow buyers to buy the tonnages they want at lower prices. We expect this policy to continue until another source of demand in the U.S. is found. We believe that it is these purchases that are keeping prices at these levels in the U.S. We remind readers that prices are made in the U.S. for gold and silver and do not reflect the global market’s demand and supply levels. Full Story
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