By: Chris Mullen, Gold-Seeker.com - 26 February, 2016
Gold fell $21.52 to as low as $1211.48 by late morning in New York before it bounced back higher in early afternoon trade, but it still ended with a loss of 0.71%. Silver slipped to as low as $14.672 and ended with a loss of 2.71%. Full Story
By: Julian D. W. Phillips, Gold Forecaster - 26 February, 2016
More importantly and secondly, with the Indian budget coming up next week, the hope that government will lower the 10% of duties they imposed on gold imports will be lowered. This would reduce, if not eliminate, smuggling [possibly responsible for an extra 250+ tonnes extra of imported gold]. Then ‘official’ if not real, import figures would change. But right now we expect a shunt-effect as demand is held back to be released after the budget, whether or not duties are lowered. Full Story
Citi bank says that a global recession could be very near. US GDP numbers are the key today. Next week will be also all about taking positions for the second quarter. Every financial investment in every nation has the risk of reversing the current direction in March. If they are falling, they will rise and vice-versa. Central banks have been very active manipulators in financial markets this year. Their role as a guide to the markets will only increase in March. Central action as well as central bank inactions should be bullish for gold. Full Story
By: Chris Mullen, Gold-Seeker.com - 25 February, 2016
Gold rose almost 1% in Asia before it dipped to see a $3.16 loss at $1226.04 in morning New York trade, but it then climbed to a new session high of $1242.61 by early afternoon and ended with a gain of 0.31%. Silver slipped to as low as $15.031 before it also bounced back higher, but it still ended with a loss of 0.72%. Full Story
Gold is currently working on a ‘full house’, with three of a kind (gold out performs stock markets, gold rises vs. commodities and gold rises vs. global currencies). We can call the pair needed to complete the full house economic contraction (to varying degrees globally) and confidence declines. Full Story
By: Julian D. W. Phillips, Gold Forecaster - 25 February, 2016
Let’s assume that this was due to physical selling by U.S. bullion banks. The tonnage bought this week must have put a serious dent in the gold holdings that can be used for trading. Should the buying continue at anywhere near these levels, we would question the wisdom of using such amounts of gold simply to hold the price down. The evidence in the physical markets is that Asian demand is so large that such a policy is doomed to fail. Full Story
By: Chris Mullen, Gold-Seeker.com - 24 February, 2016
Gold rose as much as $28.15 to $1253.15 by late morning in New York, but it then fell back off in the last 5 hours of trade and ended with a gain of just 0.34%. Silver saw over 2% gains at $15.572 at one point, but it then fell back off into the close and ended with a loss of 0.13%. Full Story
By: Julian D. W. Phillips, Gold Forecaster - 24 February, 2016
The gold price made a surge at the LBMA price setting and appears to have started a strong move upwards. If this continues we could see the strong move go much higher. The Technical picture has moved to the critical point where one expected a strong move, either way! Because the surge was at the LBMA price setting, where we expect the largest volumes of the day to be traded, it does appear that a strong move higher is underway. Full Story
Short term investment sentiment for gold in India and across Asia is bullish. Retail gold demand in India will rise as the week progresses and into March. In India there is massive speculation that prices in India will rise to Rs.35000/ten grams (current price is around Rs.29500/ten grams) in the next three months. However the direction of gold prices after the release of US February nonfarm payrolls will be interesting. Till the release of the release of US February nonfarm payrolls on 4th March, gold prices could trade in a wider $1180 and $1315 range. Full Story
By: Chris Mullen, Gold-Seeker.com - 23 February, 2016
Gold gained $18.94 to $1226.44 by late morning in New York before it edged back lower in early afternoon trade, but it still ended with a gain of 1.45%. Silver rose to as high as $15.303 and ended with a gain of 0.66%. Full Story
Back in 2103 the Fed need to run QE3 and keep the stock market rising. However, they didn’t want to make the same mistake they made in 2008 and spike the commodity markets causing another recession. Now the conditions are reversed. The Fed needs inflation. So I don’t see the incentive for the cartel to continue attacking gold. Full Story
“The backdrop of robust global demand and increasing financial and economic uncertainty is supportive of gold,” says Mark O’Byrne, the research director at GoldCore. “Janet Yellen’s comments … regarding not cutting interest rates anytime soon were quite dovish and led to gold’s gains. The fact that she reiterated the Fed expects to raise rates at a gradual pace and yet gold continued to rise … is quite bullish.” Full Story
By: Julian D. W. Phillips, Gold Forecaster - 23 February, 2016
We still don’t believe that the gold price is reflecting these purchases. If these had happened over a week we would have opined that they were extremely good weeks of gold purchases. So we ask, “Is this an institution like Paulson’s funds buying back holding sold in the last quarter or another aggressive U.S. fund. Or it could be a Chinese institution stocking up its holdings held outside China?” Full Story
By: Chris Mullen, Gold-Seeker.com - 22 February, 2016
Gold fell $27.17 to $1202.13 on London before it bounced back higher in morning New York trade, but it still ended with a loss of 1.77%. Silver slipped to as low as $14.93 and ended with a loss of 1.3%. Full Story
Gold’s rally is holding steady as investors are losing faith in central banks’ ability to deal with economic challenges, reports Bloomberg. “If they’re not going to put up U.S. rates as fast as the market had been anticipating, then that’s going to send the U.S. dollar lower, “ David Lennox from Fat Prophets in Sydney said. “That will be beneficial to the gold price.” Inflows into bullion-backed ETPs this year have also topped outflows in all of 2015, as seen in the chart below. Full Story
By: Gary Christenson, Deviant Investor - 22 February, 2016
Gold has no counter-party risk. Silver has no counter-party risk. Both have been money and a store of value for about 30 times the life of the Federal Reserve. The intrinsic value of the dollar is approximately zero. Full Story
Mark O'Byrne, co-founder of GoldCore spoke with Josh Sigurdson and John Sneisen about his thoughts on currency vs. money, the insane IOU note printing and debt accumulation by central banks throughout the world. Mark went over the importance and security of owning silver and gold which holds an infinite preserved value while paper money always reverts to zero eventually. Full Story
By: Julian D. W. Phillips, Gold Forecaster - 22 February, 2016
So will there be two separate and very different gold prices across the world in the future? We discussed, in our newsletters, the developments both in and outside China in terms of the structure of the global gold markets being undertaken by the Chinese institutions. We see these as developing effective arbitrage operations, under their control. That means that the absorption of London’s liquidity in the gold market will accelerate. Full Story
Chris welcomes back Louis Navellier of Navellier & Associates. He reviews a few stocks that may have run too far, too fast and may require hedging amid extremely volatile conditions. Louis Navellier has a knack for calling bull / bear markets in stocks including the 2009-2015 bull market and more recently the stock market zenith. Listener's are advised to take heed of his surprisingly bearish sentiments. Full Story
The latest crutch used by the bears is that the COT reports are bearish so gold is going back down. That is not necessarily the case if a new bull market has begun. Full Story
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