By: Chris Mullen, Gold Seeker Report - 25 May, 2018
Gold chopped up to $1307.80 at about 9AM EST before it drifted back lower into the close, but it ended with a loss of just 0.31%. Silver slipped to as low as $16.489 and ended with a loss of 0.36%. Full Story
Turkey’s election angst, geopolitical risk and collapse of the lira is driving up demand for gold Turkish lira has collapsed versus gold and now the lowest on record (see chart) Significant demand for gold coins in Turkey and central bank has repatriated gold and added to gold reserves “Having the gold physically at home allows countries to feel like they are in control of their reserves” Dr Brian Lucey Full Story
By: Chintan Karnani, Insignia Consultants - 25 May, 2018
Trump is using Chanakya Neeti called “Saam, Daam, Daand, Bheed” on North Korea issues. This means first negotiate, if negotiate does not work then buy him, if buying does not work then threaten him, if threatening also does not work, then use a divide and rule policy. The last resort is an armed conflict. Lessons from Libya have been learnt by North Korea. China and Russia its neighbors are there to advise North Korea. Traders will prefer to go long in gold on the mini vacation weekend instead of short. Full Story
By: Chris Mullen, Gold Seeker Report - 24 May, 2018
Gold gained $13 to $1306.60 by midmorning In New York before it drifted back lower at times, but it still ended with a gain of 0.83%. Silver rose to as high as $16.688 and ended with a gain of 1.28%. Full Story
Since Ancient times, gold has served a very unique function in society. Gold is extremely rare, impossible to create out of “thin air”, easily identifiable, malleable, and it does not tarnish. By nature of these properties, gold has been highly valued throughout history for every tiny ounce of weight. That’s why it’s been used by people for centuries as a monetary metal, a symbol of wealth, and a store of value. Full Story
By: Chintan Karnani, Insignia Consultants - 24 May, 2018
Trade wars are always bullish for gold and safe havens. There are also reports that US army has attacked Syrian army. Other than US interest rate hike, rest of the factors are bullish for gold. US June interest rate hike is more or less a done deal. At the beginning of the year, I had written that my bullish assumption of gold is based on four interest rate hikes by the Federal Reserve this year. Full Story
By: Chris Mullen, Gold Seeker Report - 23 May, 2018
Gold dipped $2.70 to $1289.20 in Asia before it bounced back to $1297.80 in London and then fell to a new session low of $1288.30 at about 9AM EST in New York, but it then chopped back higher into the close and ended with a gain of 0.13%. Silver slipped to as low as $16.319 before it also rallied back higher, but it still ended with a loss of 0.54%. Full Story
Dominic Frisby of Money Week looks at the historical relationship between UK house prices and gold (including some great charts), and concludes that your money is better off in the yellow metal than bricks and mortar. Full Story
By: Chintan Karnani, Insignia Consultants - 23 May, 2018
Gold and silver would have reached stratosphere due to developments in Iran and the Korean peninsula. Crude oil induced inflation would have supported gold. It is only a cyclical period that is preventing gold price from rising. Reduction in net short positions in silver should pave the way for a rally anytime. It’s a great time to invest in gold and silver for the medium term as well as the long term. Day traders, short term traders or jobbers need to remain on the sidelines as there can be very wild two way moves. Full Story
By: Chris Mullen, Gold Seeker Report - 22 May, 2018
Gold dipped $4.30 to $1287.90 in Asia before it edged up to $1296.00 by midmorning in New York and then drifted back lower into the close, but it ended with a loss of just 0.02%. Silver chopped between $16.448 and $16.665 and ended with a gain of 0.24%. Full Story
Gold 2048 is an interesting and comprehensive new report from the World Gold Council which brings together industry-leading experts from across the globe to analyse how the gold market is set to evolve in the next 30 years. Full Story
By: Chris Mullen, Gold Seeker Report - 21 May, 2018
Gold fell $9.70 to $1282.00 in Asia, but it then rallied back higher throughout trade in London and New York and ended near its late session high of $1292.90 with a gain of 0.04%. Silver rose to as high as $16.516 and ended with a gain of 0.43%. Full Story
Voters don’t actively seek out the worst. The problem is that they’re presented with the worst. In the UK, we can complain about how useless Theresa May is; that she continually drops the ball and repeatedly acts with foolhardy overconfidence. But, if asked, “Would you rather have Jeremy Corbin?” those of us who grumble are likely to respond vehemently in the negative. (We don’t wish to jump from the pan into the fire.) Full Story
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