By: Chris Mullen, Gold Seeker Report - 4 January, 2019
Gold edged up to $1298.40 in Asia before it fell back to $1277.30 by midmorning in New York and then bounced back higher into midday, but it still ended with a loss of 0.75%. Silver slipped to as low as $15.585 and ended with a loss of 0.32%. Full Story
During the shutdown of the federal government, the Commitments of Traders report will not be published. When the federal government operations return to normal, CFTC will resume publication of the Commitments of Traders report. Full Story
– Gold over 6-month high at $1,300 on global slowdown fears – Bullion surges 5% in December and consolidates on gains this week – Gold surges to all time record highs in Australian dollars ($1,871) – Safe haven demand for safe havens as risk assets sold – Apple’s poor outlook sees stocks fall; Markets now wagering on Fed rate cut Full Story
US December private ADP numbers suggest a firm economy. Traders reacted the other way as focus is on the US government shutdown and it’s after affects. Certain Federal Reserve speakers suggest that interest rate hikes need to be stopped for the moment. Economic news is not affecting the markets in the first trading week of the year. Full Story
By: Chris Mullen, Gold Seeker Report - 3 January, 2019
Gold gained $9.30 to $1292.30 in Asia before it dropped back to $1284.80 just after 8:15AM EST, but it then climbed back higher in New York and ended near its new 6-1/2 month high of $1294.70 with a gain of 0.9%. Silver rose to as high as $15.751 and ended with a gain of 1.42%. Full Story
– Worst year for most international equity indices since 2008 – Sharp falls in economically sensitive commodities: oil (WTI), gasoline and lumber down 24.2%, 27% and 23.8% respectively – Volatility surges as seen in VIX rising over 110% – Volatility continues in 2019 as stocks globally fall with Apple falling 8% overnight – Gold and silver likely to outperform risk assets again in 2019 (see Outlook 2019 Podcast) Full Story
Traders and investors are focused on a global slowdown. Economic data releases worldwide need to beat street expectation to change the negative sentiment. US December private ADP numbers need to beat street expectation for the US dollar to rise and gold and silver to correct. However political uncertainty in the UK and Eurozone will prevent a major collapse in gold and silver. I will prefer to use sharp dips in gold and silver to invest for quarter end. Full Story
By: Chris Mullen, Gold Seeker Report - 2 January, 2019
Gold gained $6.50 to $1288.70 in late Asian trade before it dropped back under unchanged at $1278.90 by early afternoon in New York, but it then bounced back higher into the close and ended with a gain of 0.06%. Silver rose to as high as $15.607 and ended with a gain of 0.26%. Full Story
– Are we to prepare for a global Debt Bubble Collapse in 2019? – 2019 to see the political and economic uncertainty of 2018 continue and likely to deepen – Investors lulled into a false sense of security by politicians, brokers, bankers etc. – Much “cheer leading” of the “economic recovery” narrative and by extension financial markets – particularly property and stock markets Full Story
By: Chris Mullen, Gold Seeker Report - 31 December, 2018
Gold gained $4.10 to $1284.10 in London before it dipped back under unchanged a few times in New York, but it ultimately bounced back higher into the close and ended with a gain of 0.17%. Silver rose to as high as $15.51 and ended with a gain of 0.65%. Full Story
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