By: Chris Mullen, Gold-Seeker.com - 28 August, 2015
Gold gained $7.54 to $1132.84 in Asia before it fell back to $1123.96 in London, but it then rose to as high as $1140.51 in New York and ended with a gain of 0.9%. Silver climbed to as high as $14.669 and ended with a gain of 0.97%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 28 August, 2015
On Thursday New York closed at $1,124.30 up $0.20. The dollar was stronger at $1.1246 at the close up from $1.1335, against the euro, with the dollar Index stronger at 95.76 up from 95.19 yesterday. This morning the LBMA gold price was set at $1,125.50 down $3.00. The euro equivalent was €997.61 down €1.42. Ahead of New York’s opening, gold was trading at $1,127.55 and in the euro at €998.51. Full Story
We continue to have a wonderful dialogue with and frequent editorial submissions from readers and clients. Today, we have a thought provoking and important article that should greatly contribute to the debate on the merits of continuing to use artificial money. David Bryan draws on the genius of Einstein and uses science as the basis for policies that would end economic decay and rejuvenate local and national economies and indeed the global economy. Full Story
By: Chris Mullen, Gold-Seeker.com - 27 August, 2015
Gold gained $5.08 to $1129.18 in London before it fell back to $1118.38 at about 10AM EST and then bounced back to $1127.65 in the next 90 minutes of trade, but it then drifted back lower in afternoon trade and ended with a gain of just 0.02%. Silver rose almost 1% to $14.315 before it dropped back to $14.163, but it then shot up to as high as $14.613 and ended with a gain of 1.9%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 27 August, 2015
On Wednesday New York closed at $1,124.10 down $15.40. The dollar was stronger at $1.1335 at the close up from $1.1496, against the euro, with the dollar Index stronger at 95.19 up from 94.10 yesterday. This morning the LBMA gold price was set at $1,128.50 down $5.90. The euro equivalent was €999.03 up €8.98. Ahead of New York’s opening, gold was trading at $1,126.40 and in the euro at €998.67. Full Story
What was the best asset class to buy for the recovery that followed the 2008-9 crash in global financial markets? Step forward gold whose rise was only exceeded by silver. Precious metals not only delivered the fastest recovery from that huge sell-off but offered increases way above the pre-crash levels. Gold tripled from its low in the crash, while silver went on to record an eight-fold increase, still just shy of its 1980 all-time high. Full Story
By: Chris Mullen, Gold-Seeker.com - 26 August, 2015
Gold fell $21.62 to $1117.88 by late morning in New York before it bounced back higher in the last five and a half hours of trade, but it still ended with a loss of 1.35%. Silver slipped to as low as $13.981 and ended with a loss of 3.14%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 26 August, 2015
On Monday New York closed at $1,139.50 down $13.60. The dollar was stronger at $1.1496 this morning up from 1.1539, against the euro, with the dollar Index stronger at 94.10 up from 93.39 yesterday. This morning the LBMA gold price was set at $1,134.40 down $19.85. The euro equivalent was €990.05 down €12.16. Ahead of New York’s opening, gold was trading at $1,124.70 and in the euro at €984.42. Full Story
Gold has a place in high-net worth individuals portfolios as an insurance policy against systemic risk in the banking system, says Carmignac commodity investor Michael Hulme. As ever, it is vitally important to focus on asset performance and investments over the long term – months, quarters and of course years. So far in August, gold has outperformed the vast majority of major assets (see table above) and is 3.57% higher for the month while leading stock indices have fallen by more than 10%. Full Story
By: Chris Mullen, Gold-Seeker.com - 25 August, 2015
Gold fell $18.43 to $1134.67 at about 10:30AM EST before it bounced back higher into the close, but it still ended with a loss of 1.18%. Silver slipped to as low as $14.57 and ended with a loss of 0.95%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 25 August, 2015
On Monday New York closed at $1,153.10 down $6.30. The dollar was weaker at $1.1539 this morning down from $1.444 on Monday with the dollar Index weaker at 93.39 down from 94.94 yesterday. This morning the LBMA gold price was set at $1,154.25 up $0.75. The euro equivalent was €1,002.21 down €3.90 as the euro stabilized. Ahead of New York’s opening, gold was trading at $1,148.70 and in the euro at €997.70. Full Story
Yesterday, gold rose initially prior to selling in the futures market saw gold fall $6.30 to $1153.10 in New York and ended down just 0.5%. Silver slipped 50 cents to $14.78 per ounce. Gold in euros and sterling fell by slightly more but still outperformed falling stock markets. Gold performed well considering the stock market bloodbath yesterday. The fact that it is was only marginally lower despite market carnage bodes very well indeed for the coming months. Full Story
The fall in the global stock markets is a bit excessive. Overshooting and undershooting happens every time. This plunge has cast a doubt over the potential interest rate hike cycle of the Federal Reserve for its September and even December meeting. Any indication that the Federal Reserve will not raise interest rates in December should result in gold floating over $1200 in the final quarter of the year. Silver will track global stock markets and the US dollar. Full Story
By: Chris Mullen, Gold-Seeker.com - 24 August, 2015
Gold popped up to $1165.33 at the open of trade last night before it fell back to $1152.36 in Asia and then rose to as high as $1166.94 in early New York trade, but it then dropped back to $1146.13 in afternoon trade and ended with a loss of 0.54%. Silver slipped to as low as $14.609 and ended with a loss of 3.27%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 24 August, 2015
On Friday New York closed at $1,159.40 up $26.70. The dollar was weaker at $1.1444 down from $1.1062 on Thursday with the dollar Index weaker at 94.94 down from 96.50 on Friday. It opened on Monday at 94.54. Asia took the price down on Monday to $1,154 as global equity markets slid. This morning the LBMA gold price was set at $1,153.50 up $5.55. The euro equivalent was €1,006.11 down €13.42 as the euro surged. Ahead of New York’s opening, gold was trading at $1,159.50 and in the euro at €1,007.65. Full Story
“As for gold and silver, these markets are both REALLY tight if you want the physical metal. If you are trading paper metal …oh well, can’t help you.” “This is the Great Credit Unwind and as such, currencies of all sorts, including the dollar, will take turns crashing. Watch the various sovereign treasury prices and yields (also CDS credit default swaps) as a clue to which country is experiencing an “attack du jour”.” Full Story
The Asian stock rout will affect silver, crude oil and base metals more than gold. Silver will be unable to rise if industrial metals get crushed under the stock market. With every fall, volatility will rise. Indians who did not purchase gold (at lower prices) will be using dips to buy more. Silver has not risen by much. Indian demand for silver over the next two weeks will be on the higher side. Full Story
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