By: Chris Mullen, Gold Seeker Report - 27 April, 2018
Gold fell $1.90 to $1315.60 in Asia, but it then rallied back higher in London and New York and ended near its late session high of $1325.50 with a gain of 0.46%. Silver rose to as high as $16.564 and ended unchanged on the day. Full Story
– Gold mining shares require timing and are speculative – Gold mining: “maximising risk, while minimising reward” – Gold mining is increasingly complicated, difficult and much riskier – Easier, more cost efficient and safer to buy physical gold than mining stocks – “If your strategy is buy and hold, or buy and forget, go for the metal, not the miners” – Owning allocated and segregated gold is a hedge against digital and systemic risks Full Story
By: Chris Mullen, Gold Seeker Report - 26 April, 2018
Gold fell $7.70 to $1315.40 by midday in New York before it bounced back higher into the close, but it still ended with a loss of 0.42%. Silver slipped to as low as $16.425 and ended with a loss of 0.24%. Full Story
– Investors should not be put off by higher interest rates, World Gold Council research finds they do not always have a negative impact on gold – Only short-term movements in gold are ‘heavily influenced by US interest rates’ – Correlation between US interest rates and gold is waning, with US dollar a better indicator of short-term gold price – New findings will reassure gold investors that there is no single driver of the gold price including interest rates and the myth of the “all powerful” central bank Full Story
By: Chris Mullen, Gold Seeker Report - 25 April, 2018
Gold fell $12.50 to $1319.00 by a little after 8AM EST before it chopped back higher in New York, but it still ended with a loss of 0.63%. Silver slipped to as low as $16.503 and ended with a loss of 1.02%. Full Story
– Emergency cash offered by Ulster Bank as cash vanishes from accounts – Bank makes €500 available to customers whose deposits vanish – Bank investigates after hundreds of complaints on social media – “My salary has disappeared from my account today and my wife had her card declined when trying to pay for a GP visit and medication” – Cyber attacks and Brexit are biggest threats to the securities, insurance and banking sectors Full Story
By: Chris Mullen, Gold Seeker Report - 24 April, 2018
Gold gained $3.50 to $1328.50 in Asia before it fell back to $1323.50 in London, but it then climbed to a new session high of $1332.60 in New York and ended with a gain of 0.49%. Silver chopped between $16.565 and $16.752 and ended with a gain of 0.6%. Full Story
– Russia buys 300,000 ounces of gold in March and nears 2,000t in gold reserves – Russia now holds just over 1,861 tonnes, more than officially reported by China at 1,842t – Both Russia and China have the power to destabilise US dollar by dumping dollar-denominated assets – Turkey has removed all gold held in the U.S. opting for Bank of England and BIS – Turkey follows trend set by both Germany, Netherlands and others to remove gold reserves stored in the United States Full Story
By: Chris Mullen, Gold Seeker Report - 23 April, 2018
Gold fell $13.40 to $1322.20 in early afternoon New York trade before it edged back higher in the last couple of hours, but it still ended with a loss of 0.79%. Silver slipped to as low as $16.592 and ended with a loss of 2.92%. Full Story
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