By: Chris Mullen, Gold Seeker Report - 4 May, 2018
Gold dipped $2.90 to $1308.50 in Asia before it jumped up to $1315.20 after this morning’s jobs report and then quickly dropped back to $1308.20, but it then rallied back higher into the close and ended with a gain of 0.2%. Silver chopped between $16.342 and $16.504 and ended with a gain of 0.49%. Full Story
The big issue here is that bonds have been in a bull market since the early 1980s. In other words, yields (interest rates) have been falling, and bond prices have been rising. This bull market in bonds has been accompanied by an almost equally long-lived bull market in equities. Stocks have suffered more painful crashes along the way, but broadly speaking, we had almost 20 years of good times up to 2000, then a crash to 2003, a rebound to 2007, another crash to 2009, and then near-enough another decade of good times. Full Story
By: Chris Mullen, Gold Seeker Report - 3 May, 2018
Gold gained $13.50 to $1318.00 in London before it pared back in New York, but it still ended with a gain of 0.53%. Silver rose to as high as $16.583 and ended with a gain of 0.31%. Full Story
– Gold demand globally -7% in Q1, 2018 – Gold Demand Trends (WGC) – Gold ETF demand fell sharply year on year from very high levels but had 5th consecutive quarter of inflows – Investment demand was strong in the US where ETF holdings rose another 32.4 tonnes as “stock market volatility sparked US inflows” – Store of value bullion coin and bar demand fell 15% as reported Chinese, German and American demand fell Full Story
By: Chris Mullen, Gold Seeker Report - 2 May, 2018
Gold gained $6.50 to $1311.60 in Asia before it dropped back to $1304.10 in midmorning New York trade and then jumped up to $1313.20 after the release of today’s fed statement, but it then sold back off into the close and ended with a loss of 0.05%. Silver rose to as high as $16.511 and ended with a gain of 1.24%. Full Story
By: Chris Mullen, Gold Seeker Report - 1 May, 2018
Gold dropped $12.80 to $1301.90 in late morning New York trade before it bounced back higher into the close, but it still ended with a loss of 0.73%. Silver slipped to as low as $16.052 and ended with a loss of 0.86%. Full Story
Sales of U.S. Mint American Eagle gold coins dropped to their weakest April since 2007, while silver coin purchases for the month rose 10 percent higher than last year, U.S. government data showed on Monday. Full Story
By: Chintan Karnani, Insignia Consultants - 1 May, 2018
The Iran issue after Israel accused Iran of hiding nuclear weapons prevented gold and silver from a big crash. Any increase in Iranian risk will result in crude oil prices galloping to $90 by next month. Gold will also follow the crude oil trajectory as an inflation hedge. The pace of rise of gold will lag crude oil. But I am sure gold will rise. Gold could trade in a $1237-$1430 wider range in May. All depends on Crude oil, Iran and Korea developments. Silver’s inability to hold the rise in April will ensure that short term traders continue to favor gold over silver. Full Story
By: Chris Mullen, Gold Seeker Report - 30 April, 2018
Gold fell $13.40 to $1310.20 at about 10AM EST, but it then rallied back higher into the close and ended with a loss of just 0.67%. Silver slipped to as low as $16.198 and ended with a loss of 1.27%. Full Story
By: Chintan Karnani, Insignia Consultants - 30 April, 2018
Gold and silver will zoom if there is any indication that interest rates will not be hiked in June by the Federal Reserve. Trump trade wars with China and Europe will impact industrial metals more. The Korean peninsula peace will be bearish for gold. There can be profit taking in long US dollar positions before the FOMC meet and April’s NFP. Fundamentally gold and silver are bearish as physical demand and investment demand is lackluster. Full Story
By: Chintan Karnani, Insignia Consultants - 29 April, 2018
Why do we save? We save for our old age, we save for the dark days, we save to meet the future needs of people dependent on us. If we do not have details of our investments in hand then it is as good as zero savings. In this world, society shuns you when you are poor. If you have adequate savings and details of your investment to meet the dark days, the sun will shine in our lives much quicker then anticipated. The great Indian male ego needs to be kept aside while disclosing your investment to the people dependent on you. Full Story
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