By: Chris Mullen, Gold-Seeker.com - 28 April, 2017
Gold gained $3.40 to $1268.40 at about 8AM EST before it fell back to $1264.50 in the next 90 minutes of trade, but it then chopped back higher into the close and ended with a gain of 0.27%. Silver edged up to $17.423 before it dropped to $17.165 and then also climbed back higher, but it still ended with a loss of 0.46%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 28 April, 2017
Shanghai’s gold prices slipped slightly again today, but the discounts of New York and London are narrowing slightly too. But in London and New York, dollar prices are consolidating in a narrowing band implying that we are moving to a point of resolution, after which we expect a strong move either way. Full Story
New regulations in 2018 have spooked bullion banks and silver fix operators Lack of liquidity in silver fix auction has lead to high volatility in the market Silver benchmark has strayed from spot price multiple times since 2016 No new silver benchmark operator lined up to take over in the Autumn No smoke without fire as actions point to silver price manipulation Silver remains suppressed and at a low price for investors stocking up Full Story
By: Chintan Karnani, Insignia Consultants - 28 April, 2017
Momentum as well as technicals are bearish for gold and silver. Geopolitics is not supporting bullion. Israel attacking Syria is a game changer and also an indication that regime change in Syria will be much sooner. Next week traders will shift focus to economics with the FOMC meet and US April nonfarm payrolls. France elections voter analysis will have a bigger impact than the actual results. Full Story
By: Chris Mullen, Gold-Seeker.com - 27 April, 2017
Gold fell $8.20 to $1261.30 at about 10AM EST before it rallied back higher in the next couple of hours of trade, but it then drifted back lower into the close and ended with a loss of 0.35%. Silver slipped to as low as $17.262 and ended with a loss of 1.09%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 27 April, 2017
The big event in the U.S. was the publication of the new U.S. Tax Code proposed by the Trump administration. While it was in line with his election promises, it has a long way to go before it is law. The market barely reacted to the event. There are doubts as to whether it will pay for itself as it relies on creating growth to generate additional income on which a similar amount of tax revenue will be achieved as is achieved today. Trump’s target is to also create ‘millions of jobs’ through such measures. Full Story
– Stocks and the dollar look vulnerable due to Trump’s policies, America’s civil war politics and economic vulnerability – Stock bubble on margin debt – ‘Powerful time bomb’ – “There is no alternative” to stock bubble? Gold? – Bank Of America sets a date for the market’s “Great Fall” – Even uber bull Cramer compares 2000 dotcom bubble bust to today Full Story
By: Chintan Karnani, Insignia Consultants - 27 April, 2017
The European central bank meeting will be the key today. One needs to look for surprises. The Trump administration is all about announcements and no action. Trump is keeping investors on edge. His own party is against his policies. Trump will continue to keep investors on edge. Europe will be a bigger mover for the markets. The Turkish president now has dictatorial powers. Turkey is like the “Great wall of China” between Europe and Asia. West Asia will never be in peace if NATO and Turkey are at odds with each other. Full Story
By: Chris Mullen, Gold-Seeker.com - 26 April, 2017
Gold waffled between $1266.40 and $1261.40 in Asia and London before it jumped up to $1266.80 in late morning New York trade and then pared back to $1260.40 in the next couple of hours, but it then jumped to a new session high of $1270.40 in the last minutes of trade and ended with a gain of 0.45%. Silver slipped to $17.33 before it also rallied back higher, but it still ended with a loss of 0.79%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 26 April, 2017
President Trump is due to announce the changes in Tax rates he proposes, today. But these will not be implemented for some months still. Meanwhile his policy progress is being interfered with once again as the government’s funding appears to be back on the table as a negotiating tool, this weekend. Will we see a government shutdown? Full Story
Net-gold imports by the world’s top gold consumer through the port of Hong Kong rose to 111.647 tonnes in March from 47.931 tonnes in February, according to data emailed to Reuters by the Hong Kong Census and Statistics Department. China’s net-gold imports rose to its best since May 2016. Total gold imports rose to 116.68 tonnes in March from 49.026 tonnes in February. Full Story
By: Chintan Karnani, Insignia Consultants - 26 April, 2017
We just might see some consolidation due to lack of major news. There is no big news from the Korean peninsula. Economic data releases are not that exciting to cause a furor in the markets. The direction of the US dollar will be the key for metals and energies today. Asian demand will also affect gold prices. Silver prices have fallen on a technical breakdown below key moving averages. Full Story
By: Chris Mullen, Gold-Seeker.com - 25 April, 2017
Gold fell $14.10 to $1262.00 in early afternoon New York trade before it bounced back higher at times, but it still ended with a loss of 0.96%. Silver slipped to as low as $17.566 and ended with a loss of 1.62%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 25 April, 2017
The policy of the PBoC against speculation has now been extended to the equity markets. The application of this new policy caused the Shanghai equity market to fall back heavily. But once it has found its new non-leveraged floor it will be far more stable. As you can see the PBoC is not tolerating speculative pressures on the financial markets, unlike the developed world. The main speculators in the west are the banks, but in China these institutions are firmly under the control of the central bank. Full Story
OK, drama’s over. The French election has turned out pretty much exactly as expected. For all that some of the papers are leading with “French revolution” headlines, the reality is that a face-off between the right-wing Marine Le Pen of the Front National and independent/socialist candidate Emmanuel Macron of En Marche! has been on the cards for months now. Full Story
By: Chintan Karnani, Insignia Consultants - 25 April, 2017
North Korea is supporting gold and silver from moving into a short term bearish zone. I prefer to use the fall (if any) in gold and silver over the next two weeks to invest for the medium term to long term. US GDP numbers, US April jobs numbers (5th May) and France presidential elections (on 7th May) are there to cause a royal rumble. Full Story
By: Chris Mullen, Gold-Seeker.com - 24 April, 2017
Gold dove down to $1266.10 at the open of trade last night before it bounced back above $1275 in Asia and then fell back to $1267.50 at about 8:15AM EST, but it then chopped its way back higher into the close and ended with a loss of just 0.68%. Silver slipped to as low as $17.734 and ended with a loss of just 0.22%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 24 April, 2017
The Shanghai Gold Exchange was trading at 285.00 towards the close today. This translates into $1,282.23. New York closed at a $3.67 premium to Shanghai’s Friday close. London opened at a discount of $11.03 after hearing the results of the French elections. As you can see Shanghai has been remarkably stable over the last few days as the international scene has produced a lot of action. Full Story
A piano tuner who discovered £500,000 (€590,000 or $640,000) worth of semi numismatic gold coins, gold sovereigns (0.2354 troy ounce) and half gold sovereigns (0.1167 troy ounces) inside the piano will get to keep half the cash – but the couple who owned the piano for 33 years won’t get a penny. The piano’s new owners, Bishop’s Castle Community College, Shropshire which is near Birmingham, will split the £500,000 with the piano tuner Martin Backhouse. Full Story
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