By: Chris Mullen, Gold Seeker Report - 27 July, 2018
Gold edged up to $1225.40 in Asia before it dropped back to $1217.60 in London and then jumped to a new session high of $1227.20 by midday in New York, but it then drifted back lower into the close and ended with a gain of just 0.03%. Silver rose to as high as $15.534 and ended with a gain of 0.58%. Full Story
The case for China raising its gold holdings seems compelling. A potential trade war with the U.S. that threatens growth, simmering tensions on the Korean peninsula and this year’s slump in gold prices are reasons to buy. But People’s Bank of China data show the country’s gold reserves haven’t risen since Donald Trump was elected President in 2016. Still, this wouldn’t be the first time the central bank has kept silent while adding to its stash. Full Story
By: Chris Mullen, Gold Seeker Report - 26 July, 2018
Gold drifted lower throughout most of world trade and ended near its late session low of $1222.50 with a loss of 0.75%. Silver slipped to as low as $15.389 and ended with a loss of 1.28%. Full Story
Momentum may be turning for gold and combined with attractive entry levels, the World Gold Council believe that these trends will increase gold’s relevance for investors in the months ahead as we enter the period of positive seasonality for gold. September tends to be gold’s best month with the gold price tending to increase in August, November and especially September. Full Story
By: Chris Mullen, Gold Seeker Report - 25 July, 2018
Gold gained $8.90 to $1234.10 in early New York trade before it fell back towards unchanged by midday, but it then rallied back higher into the close and ended with a gain of 0.56%. Silver rose to as high as $15.628 and ended with a gain of 0.78%. Full Story
– South African gold production collapsed again in May – down 16% – South Africa production has collapsed 85% from 1,000 tonnes in 1970 to 145 tonnes – Long term, ongoing collapse appears to have deepened – Gold price suppression has destroyed gold mining in South Africa and rest of Africa, impacted African economies, jobs and people – ‘Peak gold’ or ‘plateau gold’ production is coming as seen in geological “challenges” while gold demand will remain robust Full Story
By: Chris Mullen, Gold Seeker Report - 24 July, 2018
Gold fell $6.60 to $1218.40 in Asia before it rallied up to $1229.50 in late morning New York trade and then drifted back lower into the close, but it still ended with a gain of 0.02%. Silver rose to as high as $15.592 and ended with a gain of 0.65%. Full Story
We’ve always said that you should have a bit of physical gold in your portfolio (about 5%-10%, depending). And note that, by gold, we do mean gold, not gold miners. If you own the miners (and sometimes it can be a good idea to do so), then you should consider them as forming part of the equity chunk of your portfolio. The point of physical gold is that it provides you with diversification (it behaves differently from both bonds and equities) and it tends to be a “hard times” asset, whereas most of the rest are “good times” assets. Full Story
Once again the US dollar is playing a key role in determining gold and silver prices. Investors will not invest in gold and silver if price falls today also. In fact, there will be a sell off if gold and silver fall today. Big three days for crude oil as it needs to trade over $66.90 to prevent a sell off. Copper can range trade for a much longer time than most of us expect. I am very bullish on nickel (like over the past eighteen months) and will prefer a buy on sharp dips strategy as long as it trades over $12800 till the end of the quarter. Full Story
By: Chris Mullen, Gold Seeker Report - 23 July, 2018
Gold fell $8.40 to $1222.40 in early afternoon New York trade before it bounced back higher at times, but it still ended with a loss of 0.47%. Silver slipped to as low as $15.355 and ended with a loss of 0.84%. Full Story
Research Director of GoldCore and respected precious metals commentator Mark O’Byrne and GoldCore CEO Stephen Flood in discussion with Dave Russell in Episode 6 of the Goldnomics Podcast. We discuss the “Tweet” of Ray Dalio, the founder of hedge fund Bridgewater Associates,: “Today is the first day of war with China.” Full Story
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