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Weekly Archives

By: Chris Mullen, Gold-Seeker.com - 3 January, 2014

Gold climbed over 1% to $1238.37 in Asia before it fell back to $1227.34 in London, but it then rose to a new session high of $1240.24 in New York and ended with a gain of 0.99%. Silver surged to as high as $20.311 and ended with a gain of 0.95%. Full Story

By: Manan Somani, Insignia Consultants - 3 January, 2014

There can be more gains in gold if it is able to trade over $1218 today. There are still huge short positions in gold and the more gold rises the more are the chances that short squaring will continue. Silver has been unable to rise as copper prices fell. Silver prices will zoom if both copper and gold prices rise simultaneously. Crude oil prices fell on profit taking and technicals after repeated failures to break past $100.00. Full Story

By: Chris Mullen, Gold-Seeker.com - 2 January, 2014

Gold climbed $23.68 to $1227.88 by a little after 2AM EST before it pared back to $1214.01 in the next six hours of trade, but it then rose to a new session high of $1230.76 in New York and ended with a gain of 1.67%. Silver surged to as high as $20.225 and ended with a gain of 2.83%. Full Story

By: GoldCore - 2 January, 2014

Overnight in Asia, physical buyers scooped up physical gold on this latest dip in prices to 6 month lows. Reuters reported bargain hunters stepping in to buy beaten down gold and silver, notably Chinese buyers. The Lunar New Year falls at the end of this month, and the Chinese holiday always sees strong store of wealth demand from Chinese buyers. Full Story

By: Manan Somani, Insignia Consultants - 2 January, 2014

The fall in gold and silver on the last day of last year seems to be manipulation by central banks to dissuade people from investing in gold and silver. Central banks want investors to look for all forms of investment other than bullion. Medium term investors and long term investors have gotten scared and will use any sharp rise to exit their investment. Full Story




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