By: Chris Mullen, Gold-Seeker.com - 3 October, 2014
Gold fell $23.77 to as low as $1190.03 by early afternoon in New York before it bounced back higher at times, but it still ended with a loss of 1.81%. Silver slipped to as low as $16.73 and ended with a loss of 1.7%. Full Story
The current U.S. bond market faces a "liquidity cliff" and looks like an asset "bubble" that could burst when interest rates start to rise, according to the senior U.S. securities regulator. This is something we have been warning of in recent months. Full Story
By: Chris Mullen, Gold-Seeker.com - 2 October, 2014
Gold climbed $7.32 to $1221.92 in early Asian trade before it fell back to $1209.75 by a little after 8AM EST, but it then bounced back higher in New York and ended with a loss of just 0.07%. Silver slipped to as low as $16.971 and ended with a loss of 0.47%. Full Story
The Perth Mint's sales of gold coins and bars hit their highest in nearly a year in September as a fall in U.S. dollar denominated gold led to some buyers to accumulate bullion on the dip and the risks of terrorism and war led to safe haven demand. Full Story
Gold has yet to fall below $1200 which itself is a positive sign for now. Silver has a mini double bottom at $1685. The next three trading sessions till Monday are very crucial for the short term direction of gold and silver. Indian demand and Chinese demand over the weekend will be very crucial for bullion for next week. Full Story
By: Chris Mullen, Gold-Seeker.com - 1 October, 2014
Gold climbed $10.33 to $1219.33 by midday in New York before it edged back lower in early afternoon trade, but it still ended with a gain of 0.46%. Silver surged to as high as $17.44 and ended with a gain of 0.76%. Full Story
Greenspan, former Chairman of the Federal Reserve Board of the United States from 1987 to 2006, points out that if the world’s largest gold consumer, China, used a portion of its massive $4 trillion foreign exchange reserves to buy enough gold bullion it could displace the U.S. as the world’s largest holder of gold bullion. The U.S. holdings are believed to be just over 8,500 tonnes with an estimated value of just $328 billion as of spring 2014. Full Story
September’s private ADP number can reverse the falling trend in gold and silver. Indian demand for bullion should be exceptionally high today which will prevent prices from another wave of crash. There will be short covering by Indians due to the upcoming holidays from tomorrow. All I can say is that the quicker the fall, the quicker are the chances of an even greater pullback. Day traders and jobbers can take short positions with stop losses. For the rest I am against going short in gold and silver. Full Story
By: Chris Mullen, Gold-Seeker.com - 30 September, 2014
Gold saw slight gains in early Asian trade before it fell to $1205.22 at about 7AM EST and then rallied back to $1219.56 in the next few hours of trade, but it then fell to a new session low of $1204.87 by midday and ended with a loss of 0.62%. Silver slipped to as low as $16.873 and ended with a loss of 2.52%. Full Story
Singapore continues its push to be a global gold hub. The new exchange traded Singapore kilobar gold contract will launch in less than two weeks - on October 13. The new contract is a 1 kilogramme physically deliverable gold contract for the Asian and global wholesale gold market. Full Story
Apprehensions that a better than expected US jobs number could trigger an interest rate rise by the Federal Reserve this year has resulted in traders not going long in gold and silver. I believe in a contrarian call to go long in both of them. Technically also momentum indicators are highly oversold and a trend reversal can happen anytime. Geopolitical risks are not supporting bullion prices at the moment but can support anytime. Full Story
By: Chris Mullen, Gold-Seeker.com - 29 September, 2014
Gold edged down to $1215.43 in Asia before it bounced back to $1223.27 in London and then fell back off again in New York, but it ended with a loss of just 0.08%. Silver slipped to as low as $17.449 and ended with a loss of 0.79%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 29 September, 2014
The gold price closed at $1,217.5 down $4.50 on Friday in New York. In Asia and London, gold prices rose to $1,218 as the euro lurched another half cent lower against the U.S. dollar, which now stands at $1.2681. The gold price was Fixed at $1,217.75 up $4.00 and in the euro at €960.674 up €7.319, while the euro stood at $1.2676. Ahead of New York’s opening, gold was trading at $1,219.70 and in the euro at €961.80. Full Story
Gokhran, the Russian precious metals and gems repository, said it has been buying gold bullion in 2014 and will likely to start buying palladium bullion in 2015, Interfax news agency reported this morning, citing the head of Gokhran, Andrey Yurin. Full Story
Indian demand for gold and silver will rise this week. This is a big festival week in India. India goes on a holiday from midweek. Indian demand will certainly be on the higher side. But there is a change in perception among gold and silver buyers. Due to falling prices in gold and silver, the retail gold and silver buyers are postponing their purchases whereas at the beginning of the year, it was just the reverse with demand getting preponed. Full Story
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