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Weekly Archives

By: Chris Mullen, Gold-Seeker.com - 8 May, 2015

Gold jumped up to $1193.14 at about 8:30AM EST before it dived back down to $1182.79 in the next 10 minute of trade and then climbed back to $1192.60 in the 45 minutes of trade following that before it fell back towards unchanged in late morning trade, but it then edged back higher into the close and ended with a gain of 0.47%. Silver rose to as high as $16.521 and ended with a gain of 1.04%. Full Story

By: GoldSeek.com - 8 May, 2015

COT Gold, Silver and US Dollar Index Report - May 8, 2015 Full Story

By: GoldCore - 8 May, 2015

The completely one-sided, ill-informed and anonymous article – “Gold prices – Buried” – is a case study in selective information and disinformation about gold. In the annals of shoddy and unbalanced articles on gold this is one of the best yet. It is a crude, tabloid style attempt to portray gold and those who invest in gold as unethical. This is clearly seen in the peculiar decision to use a photograph of a desperately poor African scrambling in the dirt — as we know a picture paints a thousand words – and the tabloid style headline. Full Story

By: Chris Mullen, Gold-Seeker.com - 7 May, 2015

Gold dropped $11.57 to $1180.13 at about 8:30AM EST before it bounced back higher in the next hour of trade, but it then drifted back lower into midday and ended with a loss of 0.74%. Silver slipped to as low as $16.209 ended with a loss of 1.15%. Full Story

By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 7 May, 2015

New York closed at $1,191.70 down $1.20, yesterday. Asia saw it fall to $1,182 ahead of London’s opening with London then taking it down a dollar. The LBMA Gold price was set at $1,183.00 down $8.25 on yesterday. The euro equivalent stood at €1,041.92 down €20.19 while the dollar was weaker at $1.1351 down from $1.1211 against the euro. Ahead of New York’s opening, gold was trading slightly higher in London at $1,183.50 and in the euro at €1,042.46. Full Story

By: GoldCore - 7 May, 2015

UK election today expected to yield “hung parliament”
Election not seen marked decline in pound as was the case in run up to last election
Election ‘chaos’ could trigger a ‘Lehman moment’ for pound
Recent history shows Labour victory not inherently bad for sterling
Concern that Miliband’s Labour closer to that of Brown than Blair
BOE warn deficits could “trigger a deterioration in market sentiment towards the UK”
“Punch and Judy” politics ignores BREXIT, GREXIT and significant economic risk Full Story

By: Chris Mullen, Gold-Seeker.com - 6 May, 2015

Gold edged up to $1197.03 in Asia before it fell back to $1188.49 in London and then rose to a new session high of $1197.34 in early New York trade, but it then drifted back lower into midday and ended with a loss of 0.1%. Silver slipped to a low as $16.39 and ended with a loss of 0.24%. Full Story

By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 6 May, 2015

New York closed at $1,192.90 up $4.10 yesterday. Asia held it there and so did London. The LBMA Gold price was set at $1,191.25 up $3.85 over yesterday. The euro equivalent stood at €1,062 .11 down €8.12 while the dollar was weaker at $1.1211 down from $1.1011 against the euro. Ahead of New York’s opening, gold was trading slightly lower in London at $1,190.60 and in the euro at €1,059.63. Full Story

By: GoldCore - 6 May, 2015

- Shanghai Gold Exchange one step closer to becoming the globe’s major gold hub
- China tests system at Shanghai Gold Exchange (SGE) to establish yuan-denominated gold price fix
- SGE opened last year allowing trade in physical gold as opposed to electronic futures contracts on COMEX
- Yuan fix, which has broad regional support, will rival the century old LBMA fix
- China now world’s largest producer and buyer of gold
- Chinese government, central bank and people have affinity towards gold Full Story

By: Chintan Karnani, Insignia Consultants - 6 May, 2015

The US trade deficit numbers are at a record high. ISM numbers have beaten street expectations by a big margin. On one side there are expectations that Friday’s US April employment numbers will be over 200,000. A high jobs number will support the US dollar. All I can say for gold traders is to remain on the long side as long as gold trades over $1130-$1160 wider zone but keep on booking profit till $1224-$1237 is not broken. For silver I will prefer to be long as long as it trades over $1475-$1510 zone for the rest of the month. Full Story

By: Chris Mullen, Gold-Seeker.com - 5 May, 2015

Gold climbed $10.90 to $1199.70 at about 10AM EST before it chopped back lower into the close, but it still ended with a gain of 0.35%. Silver rose to as high as $16.706 and ended with a gain of 0.73%. Full Story

By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 5 May, 2015

New York closed at $1,188.80 on Monday. Asia held it there and so did London. The LBMA Gold price was set at $1,187.40 up $8.40 on Friday. The euro equivalent stood at €1,070.69 up €23.62 while the dollar was stronger at $1.1090 up from $1.1260 against the euro. Ahead of New York’s opening, gold was trading higher in London at $1,187.60 and in the euro at €1,069.09. Full Story

By: GoldCore - 5 May, 2015

European complacency regarding Greek default and exit is high – Tett
Narrative to reassure investors that markets have already priced in effects of Greek default
U.S. Council on Economics is alarmed by risk being taken by European elites to bring Greece to heel
Greek default would cause a new and very “unpredictable” paradigm – huge uncertainty in markets
U.S. policy makers fear unforeseeable knock-on effects Full Story

By: Chris Mullen, Gold-Seeker.com - 4 May, 2015

Gold climbed to as high as $1192.62 at about 10:30AM EST before it chopped back lower at times, but it still ended with a gain of 0.92%. Silver rose to as high as $16.717 and ended with a gain of 1.61%. Full Story

By: Chintan Karnani, Insignia Consultants - 4 May, 2015

The morale among gold and silver bulls is extremely down and out. If gold and silver cannot rise despite a weaker US dollar, then probably there is something more than fundamentals and technicals. Anyways this week we have the UK elections and US monthly job numbers among other key market moving factors. Full Story




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