By: Chris Mullen, Gold Seeker Report - 3 August, 2018
Gold dipped $4.40 to $1204.70 in Asia before it climbed up to $1220.00 by late morning in New York and then drifted back lower into the close, but it still ended with a gain of 0.36%. Silver rose to as high as $15.549 and ended with a gain of 0.59%. Full Story
This extended period of benign credit conditions has helped many weak, highly leveraged companies to avoid default… A number of very weak issuers are living on borrowed time while benign conditions last… These companies are poised to default when credit conditions eventually become more difficult… The record number of highly leveraged companies has set the stage for a particularly large wave of defaults when the next period of broad economic stress eventually arrives. Full Story
By: Chris Mullen, Gold Seeker Report - 2 August, 2018
Gold gained $4.40 to $1220.50 in Asia before it dropped back to $1213.40 in London and then bounced back to gains in early New York trade, but it then drifted back lower into the close and ended with a loss of 0.58%. Silver slipped to as low as $15.288 and ended with a loss of 0.39%. Full Story
“Gold is going to enter a new bull market” “The first cycle will bottom after the summer” “$1,212 per ounce is our downside target” “It’s going to top $2,500 per ounce . . . in about two years or so” “Gold is in a bull market even though it came down from $1,900 per ounce” Full Story
Gold and silver fell yesterday as traders remained on the sidelines. A key reason for gold and silver to fall is that they are not attracting new investors. The current bunch of gold investors are not investing aggressively. Physical buyers are fence sitters. Today gold and silver demand will be very high in Asia. Asian demand should prevent a big correction in prices. Physical premiums in gold and silver should rise today. Full Story
Gold dropped $4.60 to $1220.00 in Asia before it rallied back to unchanged in London and then fell to a new session low of $1216.70 at about 11AM EST, but it then bounced back higher into midafternoon and ended with a loss of just 0.69%. Silver slipped to as low as $15.39 and ended with a loss of 0.9%. Full Story
This extended period of benign credit conditions has helped many weak, highly leveraged companies to avoid default… A number of very weak issuers are living on borrowed time while benign conditions last… These companies are poised to default when credit conditions eventually become more difficult… The record number of highly leveraged companies has set the stage for a particularly large wave of defaults when the next period of broad economic stress eventually arrives. Full Story
By: Chris Mullen, Gold Seeker Report - 31 July, 2018
Gold saw slight losses in London before it bounced back to $1223.10 in early New York trade and then dropped back down to $1214.20 by a little after 9AM EST, but it then rallied back higher for most of the rest of trade and ended with a gain of 0.27%. Silver rose to as high as $15.607 and ended with a gain of 0.26%. Full Story
For “normal” people, that has imposed a ceiling on the amount of borrowing they can arrange – they simply can’t afford to buy at the prices sellers still hope to get. For global investors, they’ve realised not only that the world is becoming more hostile to the free flow of footloose capital, but that, quite simply, in a rising rate environment, property is not a good investment. What happens next? That all depends on rates. Full Story
Big central bank meetings start now. Bank of Japan today. Reserve bank of India and FOMC tomorrow followed by a Bank of England meeting on Thursday. All these central bank meetings can have an impact on currency markets as well as the bullion markets. If the US dollar weakens further, then gold and silver will start another wave of rise. An interest rate hike by the Reserve bank of India (if any) will not have any impact on Indian gold jewelry demand. Full Story
By: Chris Mullen, Gold Seeker Report - 30 July, 2018
Gold fell $4.10 to $1219.10 in Asia before it bounced back to $1225.00 by late morning in New York, but it then drifted back lower into the close and ended with a loss of 0.16%. Silver rose to as high as $15.54 and ended unchanged on the day. Full Story
– Russia has liquidated 85% of its US Treasury holdings in just two months – Russia dumps over $90 billion of Treasuries in April and May as holdings collapse from near $100 billion to just $9 billion – Deepening geo-political tensions between Russia and U.S. and Russian concerns about the dollar lead to selling – Trump administration imposed new sanctions on April 6 on seven of Russia’s richest men and 17 top government officials Full Story
I am bullish on gold and silver after the FOMC meet. There should be some cautious words on the US economy in the FOMC. Friday’s US GDP numbers did not reflect a trade war effect. The trade war’s effect on the US economy as well as the global economy will come in from September onwards. This means that US data releases from November onwards will reflect Trump tariff and trade war. There is nothing to be overtly happy about on US economic growth. Full Story
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