Gold edged up to $1183.70 in Asia before it fell back to $1170.79 by midday in New York and then bounced back higher into the close, but it still ended with a loss of 0.41%. Silver slipped to as low as $15.949 by late morning in New York, but it then rallied back higher in the last five hours of trade and ended with a gain of 0.25%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 1 May, 2015
New York closed at $1,182.80 down $21.20 on Thursday. Asia saw it hold there and London took down $3. The LBMA Gold price was set at $1,179.00 down $25.30. The euro equivalent stood at €1,047.07 down €29.06 while the dollar was weaker at $1.1260 down from $1.1192 against the euro. Ahead of New York’s opening, gold was trading higher in London at $1,180.40 and in the euro at €1,047.24. Full Story
- Why is JP Morgan accumulating the biggest stockpile of physical silver in history? - Legendary silver analyst Ted Butler believes JP Morgan are in a position to corner silver market - JP Morgan may be holding as much as 350 million ounces of physical silver - JP Morgan realises the value of owning physical silver bullion today - Silver at $16 today – Set to soar to over $50 again Full Story
By: Chintan Karnani, Insignia Consultants - 1 May, 2015
It seems that directly or indirectly some central bank was involved in the selling yesterday which lead to the crash. Except gold and silver, all metals, energies and the US dollar were steady. Without some rogue central bank involvement, this would not have happened. The ploy by the central bankers could be to ensure that investors just dump their gold and silver holdings (futures and physical). When the end of the investor dumping of gold and silver nears, they just buy all the physical gold and silver. Full Story
By: Chris Mullen, Gold-Seeker.com - 30 April, 2015
Gold waffled between $1199.95 and $1207.23 in Asia before it fell all of the way back to $1176.94 by a little after 10AM EST and then bounced back higher into the close, but it still ended with a loss of 1.76%. Silver slipped to as low as $15.816 and ended with a loss of 2.48%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 30 April, 2015
New York closed at $1,204.00 down $8.20 on Wednesday. Asia saw it hold there and London took it up a dollar. The LBMA Gold price was set at $1,204.30 down only 50 cents. The euro equivalent stood at €1,076.13 down almost €20 while the dollar was weaker at $1.1192 down from $1.0993 against the euro. Ahead of New York’s opening, gold was trading higher in London at $1,203.40 and in the euro at €1,075.81. Full Story
- U.S. first quarter GDP grew 0.2%, down from 2.2% last quarter - U.K. GDP for first quarter was 0.3%, last than half the previous quarter’s figure - Large inventory build up in the U.S. may mask deep recession - Zero percent interest policies (ZIRP) to continue despite suggestions to contrary - Global economy vulnerable to recession and depression Full Story
By: Chris Mullen, Gold-Seeker.com - 29 April, 2015
Gold fell $7.81 to $1204.39 at about 5:40AM EST before it bounced back to $1213.69 in the next few hours of trade and then dropped to as low as $1201.69 after the release of today’s fed statement, but it then edged back higher in late trade and ended with a loss of just 0.68%. Silver slipped to $16.427 before it bounced back to $16.718 and then fell back off into the close, but it ended with a loss of just 0.48%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 29 April, 2015
New York closed at $1,212.20 up $9.80 on Tuesday. Asia saw it slip to $1,208 and London held it there. The LBMA Gold price was set at $1,204.80 below market trading prices and up $3.40. The euro equivalent stood at €1,096.17 down €4.52 while the dollar was weaker at $1.0993 down from $1.0916 against the euro. Ahead of New York’s opening, gold was trading higher in London at $1,206.20 and in the euro at €1,096.65. Full Story
- Europe’s largest airline says $5 million (€4.5m) taken from bank accounts - Ryanair confirms hackers stole via Chinese bank - Cash siphoned from one of its bank accounts - Allegation that robbed in Chinese banking scam - Hackers transfer $5 million from a Ryanair dollar account to Chinese bank - Highlights growing risks of cyber-crime and lack of protection - Cyberattacks as the “New Cold War” and risk to all our wealth - Cash no longer king – deposits more risky due to cyber-crime Full Story
By: Chris Mullen, Gold-Seeker.com - 28 April, 2015
Gold dipped $3.01 to $1199.39 in Asia before it edged up to $1205.47 in London and then dropped back to $1201.46 after this morning’s housing data was released, but it then shot to as high as $1214.91 by early afternoon in New York and ended with a gain of 0.82%. Silver slipped to $16.33 in Asia, but it then rose to as high as $16.689 in New York and ended with a gain of 1.4%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 28 April, 2015
New York closed at $1,202.40 up $23.80 on Monday. Asia held it there overnight as did London. The LBMA Gold price was set at $1,201.40 up $18.65. The euro equivalent stood at €1,100.69 up €9.07 while the dollar was weaker at $1.0916 down from $1.0832 against the euro. Ahead of New York’s opening, gold was trading higher in London at $1,201.90 and in the euro at €1,099.44. Full Story
- Gold rises over 2% while silver surges 4.4% - Speculators caught off guard as prices rose forcing them to cover their short positions - Concerns re defaults by Greece and Ukraine - Geopolitical risk of conflict in Middle East and with Russia remain - Price rises were accompanied by strong physical demand Full Story
By: Chris Mullen, Gold-Seeker.com - 27 April, 2015
Gold saw slight gains in Asia and London before it jumped up to $1207.08 by early afternoon in New York and then edged back lower into the close, but it still ended with a gain of 2.02%. Silver soared to as high as $16.484 and ended with a gain of 4.2%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 27 April, 2015
New York closed at $1,178.60 down $6.10 on Friday in NY. Asia lifted it to $1182 before the LBMA Gold price was set at $1,182.75 down $9.60. The euro equivalent stood at €1,091.62 down €8.25 while the dollar was virtually unchanged. Ahead of New York’s opening, gold was trading higher in London at $1,185.60 and in the euro at €1,094.48. Full Story
- Singapore, India and China continue to import staggering volumes of gold from the West - U.K. exports of bullion to Switzerland increase 6 fold to a very large 97 tonnes - Gold exports from Switzerland to both China and India doubled in March - Shanghai Gold Exchange (SGE) becoming most important centre for physical gold trade - LBMA says London gold trade will not move to exchange - Gold price languishes at all time inflation adjusted lows despite robust demand … - Gold will protect Asian peasants and western middle classes … Full Story
By: Chintan Karnani, Insignia Consultants - 27 April, 2015
This week is the FOMC meet. This year gold and silver have been distracted by expectations of an interest rate hike (by the Federal Reserve) between June and December. Every now and then some idiotic member of the FOMC keeps on giving some different views as to when there will be an interest rate hike. An interest rate hike will be there this year. There are no second thoughts over the same. But timing and pace of rise will be the key for gold, silver, metals and emerging market currencies apart from the US dollar. Full Story
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