Gold saw slight gains in Asia before it fell to see a $22.04 loss at $1209.16 by midmorning in New York, but it then rallied back higher into the close and ended with a loss of 0.63%. Silver slipped to as low as $14.833 and ended with a loss of 2.27%. Full Story
– Gold prices gained 16% in Q1 – best quarterly performance since 1986 – Gains due to increasing global financial, macroeconomic and monetary risk – Stocks come under pressure – Flat in U.S.; Falls in Europe and Asia – Sterling fell 20% on BREXIT concerns and the euro fell 11% against gold – Canadian dollar fell 10%, Aussie dollar fell 9% and Swiss franc fell 12% against gold – Outlook positive as gold and silver remain undervalued – Reasserted role as safe haven in Q1 Full Story
By: Chris Mullen, Gold-Seeker.com - 31 March, 2016
Gold gained $14.60 to $1240.20 at about 9AM EST before it chopped back lower into the close, but it still ended with a gain of 0.46%. Silver rose to as high as $15.521 and ended with a gain of 1.38%. Full Story
“We are very excited to launch gold payment and transfer services for U.S. based customers,” said Darrell MacMullin, CEO of BitGold. “BitGold is a global platform for payments and savings in gold, a technology that allows instant transfer of title to stable and secure vaulted-gold bullion between known-clients anywhere in the world. We believe these services have large-scale potential to lower costs and reduce friction and settlement risk in the growing segments of cross border e-commerce and remittance in particular. Our U.S. based users represent over 10% of the network and we look forward to enabling these additional services on a state by state basis over the remainder of 2016.” Full Story
There are only five of these majestic bullion coins, weighing 100 kilos or 3,215 troy ounces each in existence today. They were first minted by The Royal Canadian Mint in 2007. One of these beautiful, ‘collector item’ and 99.999% pure gold coins has become available for sale and GoldCore have secured exclusive rights in the UK and Ireland for the sale of the rare coin. Full Story
By: Julian D. W. Phillips, Gold Forecaster - 31 March, 2016
This view is now spreading with Janet Yellen’s comments of concern on the global economy and the strong dollar confirming the ‘official’ view. The U.S. Treasury is silent, even though it is in their department, because we believe, that with the audience the Fed has in the media, the message was given full force when she gave it. It’s the end of the dollar’s bull market, because the Fed and the Treasury want that to be so. Full Story
By: Chris Mullen, Gold-Seeker.com - 30 March, 2016
Gold fell $16.78 to $1224.52 by late morning in New York before it bounced back higher in afternoon trade, but it still ended with a loss of 1.26%. Silver slipped to as low as $15.187 and ended with a loss of 0.78%. Full Story
In conclusion, I am now focusing on seeing lower levels in the metals complex, with the potential for lower lows still possible, but with much greater probability in silver. Moreover, I will be quite vigilant in looking for an impulsive bullish set up off a low in the market, which would be our initial signal that the next bullish phase is about to begin. In fact, I think we can see a “rally” begin within the next week or two, but, for now, expect it will only be corrective in nature. Full Story
We think it’s a good time time to double down on deflation, which in case you hadn’t noticed is about to swallow the economies of Europe and China. In the meantime, as long as Black Rock, Pimco and their ilk remain steadfastly on the wrong side of the bet, there will be plenty of upside for us in long-term Treasurys and other deflation hedges. My long-term forecast for the 30-Year calls for 1.64% yields, versus a current 2.61%. If my target is reached, capital gains potential would be enormous. Full Story
What is the better investment? Silver or Gold? Well, if we look at the following two charts below, we can spot some interesting trends. The U.S. Mint has been producing Gold and Silver Eagles for over thirty years now. Since 1986, the U.S. Mint has sold 21.7 million Gold Eagles versus 463.4 million Silver Eagles. The overall Silver-Gold Eagle Ratio from 1986-2016 is 21.1 Full Story
BlackRock Inc. have joined Pacific Investment Management Co. (PIMCO) in recommending inflation linked bonds and gold, warning costs are poised to pick up and there is a growing risk of inflation.
“We like inflation-linked bonds and gold as diversifiers” said New York-based BlackRock which is the world’s largest asset manager, managing $4.6 trillion, reported Bloomberg. Full Story
By: Julian D. W. Phillips, Gold Forecaster - 30 March, 2016
For gold investors, the relevance of her comments lies in the dollar’s exchange rate. This continues to weaken with the dollar falling to more than $1.13 against the euro and to 94.96 on the dollar index. This is yet another expression that the U.S. Monetary Authorities do not want a strong dollar. You will note that the rise in the dollar was much greater than in the euro. To see where gold is really going, one needs to look at the table below as it moves differently in different currencies. You can, of course invest in gold and silver through different currencies. Full Story
By: Chris Mullen, Gold-Seeker.com - 29 March, 2016
Gold saw slight losses in Asia before it climbed up to $1228.69 by midmorning in New York and then chopped back lower at times, but it then jumped to new session highs after fed chair Yellen began her speech and the yellow metal ended with a gain of 1.75%. Silver rose to as high as $15.351 and ended with a gain of 0.92%. Full Story
A range of aspects about the gold market were discussed including whether to own gold mining shares or gold bullion, the extensive research on gold as a proven safe haven asset, why Germans are the largest buyers of gold in the EU today, lack of awareness of growing risks among ‘Pixie’ Irish and UK investors including the risks posed by ‘BREXIT’ and indeed the significant geopolitical risks of today. Full Story
By: Chris Mullen, Gold-Seeker.com - 28 March, 2016
Gold gained $5.63 to $1222.83 by a little before 10AM EST before it chopped back lower in the next few hours of trade, but it still ended with a gain of 0.23%. Silver rose to as high as $15.348 and ended with a gain of 0.13%. Full Story
Lets start with a daily chart for the INDU which I’m showing a large trading range that began during last August’s big decline labeled with the red #1. The INDU then rallied back up to the 17,950 area, red #2, and started to form that seven point bearish falling flag which I thought was going to be a bull flag until the price action broke below the bottom rail which led the second low in January and February of this year which formed a double bottom, red #3. Full Story
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