By: Chris Mullen, Gold Seeker Report - 26 January, 2018
Gold gained $9 to $1357.00 in Asia before it drifted back to $1348.90 in London, but it then bounced back higher in New York and ended with a gain of 0.12%. Silver rose to as high as $17.535 and ended with a gain of 0.64%. Full Story
– Bond bear market, rising interest rates and massive $233 trillion debt are some of the many threats to global stability – Davos theme explores massive inequality across the globe while eating $60 hamburgers – Thousand private jets fly as some attendees lecture poor and middle classes about their fossil fuel consumption – Blockchain has potential to revolutionise the world of money and foster equality – if not co-opted by elites Full Story
By: Chris Mullen, Gold Seeker Report - 25 January, 2018
Gold gained $8.30 to $1366.00 in Asia before it dipped back under unchanged in London and then climbed back towards its earlier high by about 1:30PM EST, but it then dove back lower into the close and ended near its late session low of $134290 with a loss of 0.71%. Silver slipped to as low as $17.148 and ended with a loss of 1.48%. Full Story
Do the fundamentals justify the massive gains in US stocks in recent years (rise of over 300% in the SPX 500 since 2009)? Does the U.S. have a perfect ‘Goldilocks economy’ or a vulnerable ‘Food stamp economy’? Are we in a ultra low interest rate, liquidity driven “everything bubble”? Is margin debt one of the factors driving speculation in stocks and a stock market bubble? Full Story
Deliberate weakness of the US dollar by the Americans resulted in all metals and energies zooming. The Trump administration wants a weaker US dollar. As a gold bull, I hope that other central banks also jump into the bandwagon of weakening their currencies and we start a central bank currency war. If this happens gold will easily rise to $1961.80 before the end of the year. Manipulating currency price to achieve growth and political agenda is nothing new. Full Story
By: Chris Mullen, Gold Seeker Report - 24 January, 2018
Gold climbed up to $1355.40 in midmorning New York trade before it pared back a bit into midday, but it then jumped to as high as $1361.70 in afternoon trade and ended with a gain of 1.25%. Silver rose to as high as $17.616 and ended with a gain of 2.99%. Full Story
– Cyber war is increasing threat – Investors are not prepared for – Third most likely global risk in 2018 is cyber war say WEF – “Scale and sophistication of attacks is going to grow” – EU, US, NATO lay down ground rules for offensive cyber war – Ireland is viable target for attackers but is ‘grossly unprepared for cyber war’ – UK should expect attack that cripples infrastructure within 2 years Full Story
By: Chris Mullen, Gold Seeker Report - 23 January, 2018
Gold gained $3.80 to $1338.40 in London before it dropped back to $1331.70 by midmorning in New York, but it then extended to as high as $1341.50 in the last hour of trade and ended with a gain of 0.48%. Silver rose to as high as $17.092 and ended with a gain of 0.24%. Full Story
– U.S. Senate pass a temporary spending plan through Feb. 8 to end shutdown – Markets shrug off both government shutdown and re-opening – Markets, government and media ignoring worsening US debt position – Gold responding positively to U.S. dysfunction, rising US Treasury yields and weaker dollar – U.S. government national debt is $20.6 trillion and increasing rapidly – ‘Bonds, like men, are in a bear market’ – Bill Gross Full Story
Trade war and protectionism across the world should be bullish for gold, silver and other safe havens. US President Donald Trump slapped tariffs on imported solar panels and washing machines, his first major trade move. Chinese solar companies will be the looser. India had also imposed anti-dumping duty on Chinese solar panels. Every nation is following a “protectionism policy” under the garb of unfair global trade practice. Retaliation will be there along with new trade blocks. Gold and safe havens will get the benefit of doubt. Full Story
By: Chris Mullen, Gold Seeker Report - 22 January, 2018
Gold waffled between $1335.60 and $1328.60 in Asia before it climbed back up to $1335.50 in late morning New York trade and then fell back under unchanged by early afternoon, but it then jumped back higher into the close and ended with a gain of 0.18%. Silver chopped between $17.095 and $16.945 and ended with a loss of 0.06%. Full Story
– Carillion collapses leaving a £900 million debt pile and 30,000 pensions at risk – Carillion PLC share price has collapsed 94% in last twelve months – Private analysis of Carillion’s pension deficit reveals it to be as high as £2.6 billion – Figure adds to the UK’s ongoing pension crisis, both private and state are severely underfunded Full Story
Every week there is some news to for traders and investors to think about. Long term and medium term investors need not scrutinize news in a big way. Short term investors and day traders have to look at each and every news item as it is difficult to predict a reaction after any news. One should have key technical support before hand with him. One should also look for breakout price points and then trade. Low risk day traders should trade for less profit. Full Story
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