By: Chris Mullen, Gold-Seeker.com - 26 November, 2010
Gold fell over $20(from Wednesday’s close) to as low as $1351.33 and silver dropped over a dollar to as low as $26.452 in early New York trade before both metals rallied back higher into the close, but gold still ended with a loss of 0.63% and silver closed with a loss of 3.05%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 26 November, 2010
When you go on safari into the African bush you learn that signs are constantly being given telling you what dangers there are and what may well happen [such as the barking of Zebras warning of lions]. Those signs become paramount in guiding you. The currency world and global economy sends out signals too that are paramount. In the days when there was a Deutschmark the sure signal that a revaluation of that currency was the statement from the Bundesbank that there would be no revaluation. It took between one and two weeks before it happened. Full Story
THE PRICE OF GOLD fell hard against the US Dollar in London on Friday, unwinding the last of this week's earlier 2.1% gain as global stock markets and industrial commodities fell across the board. The silver price dropped 3% from the start of Friday's "thin and quiet" trading in Asia, as one Hong Kong broker described it. Full Story
Gold is steady in dollars and pounds but has risen again in euros as the dollar has fallen in world markets. Gold is being supported by renewed concerns of contagion in eurozone debt markets and the risk that tensions in the Korean peninsula will escalate into a war. The hesitant risk appetite of recent days has dissipated again on these concerns. This is seeing falls in equity markets internationally and gold being supported – particularly in euro terms. Full Story
Gold has remained firm despite an increase in risk appetite as seen in the bounce in equity markets in Asia and Europe so far this morning. While Korean concerns have abated for now, eurozone "peripheral" debt is under pressure again pushing spreads with bunds to, or in some cases close to, euro-era highs. Full Story
THE PRICE OF WHOLESALE gold continued to hold steady above $1370 per ounce for US savers on Thursday, trading at two-week highs vs. the Euro as world stock markets gently extended yesterday's sharp rally. Full Story
By: Chris Mullen, Gold-Seeker.com - 24 November, 2010
Gold rose $3.50 to as high as $1381.50 in Asia before it fell to see a loss of $8.66 at $1369.34 in midmorning New York trade, but it then bounced back higher into the close and ended with a loss of just 0.3%. Silver climbed to $27.673 and dropped to $27.145 before it also rallied back higher in late trade and ended with a loss of just 0.11%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 24 November, 2010
Gold is holding its higher levels at $1,376.25 where it was Fixed this morning in London. The Eurozone crisis is not abating people are simply waiting for the next episode. The euro dropped to $1.33 in London’s morning recovering to $1,3344 later ahead of New York’s opening. What we suggest you take note of is the new record level of the gold price in the euro at €1,033. This tells us that Europeans are now buyers of gold. Full Story
THE PRICE OF GOLD held onto yesterday's sharp jump against all major currencies in Asia and London on Wednesday, trading within 2% of this year's record highs for Euro and Sterling investors looking to buy gold as global stock markets bounced. Full Story
By: Chris Mullen, Gold-Seeker.com - 23 November, 2010
Gold climbed to as high as $1369.64 in Asia before it fell back off in London to as low as $1356.26 by about 8AM EST, but it then stormed back higher in New York and ended near its late session high of $1382.20 with a gain of 1.46%. Silver rose to $27.903 in early Asian trade before it fell back to $27.047 at around 8AM EST, but it also rallied back higher in New York and ended with a gain of 0.25%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 23 November, 2010
When a man sees a drop in his income bringing him down to his needs he must drop his standard of living. When he has a serious debt problem and faces such a drop, he loses many of the choices he has made as a man. But inevitable money overrules lifestyle when life gets difficult. This is the same with a nation, when it has overspent. Then we see a clash of politics with money. Politics wins when you are a creditor, not a debtor. And this is where the Eurozone is moving to now. Full Story
THE PRICE OF PHYSICAL gold bullion rose to a 1-week high in Asian and early London trade on Tuesday, touching $1370 per ounce even as the US Dollar rose on news of South and North Korea exchanging shell-fire over the disputed border island of Yeonpyeong. Full Story
By: Chris Mullen, Gold-Seeker.com - 22 November, 2010
Gold climbed almost 1% to as high as $1364.85 in Asia before it fell back off in London to see a $4.72 loss at as low as $1348.28 by about 10:30AM EST, but it then rallied back higher in the last few of hours of trade and ended with a gain of 0.38%. Silver fell to as low as $27.105 before it also rallied back higher and ended with a gain of 1.44%. Both metals are rising in afterhours access trade as well. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 22 November, 2010
The Irish have accepted the bailout and look like they now have a serious political problem. We have yet to hear the details, but expect a very unhappy Ireland for the next few years. The attention is now swinging to Spain where the economy is at zero growth with no prospects for improvement. Full Story
THE PRICE OF GOLD closely tracked the Euro currency on Monday morning, initially rising after Ireland agreed a €90 billion rescue package from its European partners and the International Monetary Fund, but slipping back after Dublin coalition members the Green Party then called for a general election in January. Full Story
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