By: Chris Mullen, Gold-Seeker.com - 5 August, 2016
Gold saw a slight gain at $1364.68 in Asia, but it then fell throughout most of trade in New York and ended near its late session low of $1334.84 with a loss of 1.76%. Silver slipped to as low as $19.695 and ended with a loss of 3.19%. Full Story
Gold in sterling was 2.2% higher yesterday and was marginally higher in dollar terms after the Bank of England cut interest rates to all time, 322 year record low at 0.25% and surprised markets by renewing and aggressively expanding quantitative easing or QE. Sterling fell sharply on markets and gold rose from £1,014/oz to over £1,036/oz where it remains this morning. Ultra loose monetary policies are now even looser after the BOE cut interest rates for the first time in more than seven years and launched a bigger-than-expected package of monetary measures. Full Story
Indian demand for gold and silver will begin around the 20th of August. The Hindu festival of “Rakhee” marks the beginning of two and half months of festivals in India. Rakhee is a big gifting day also. On the emerging gifting trend in India, mobile phone and electronic gadgets are the most popular. Light weight silver jewelry, silver rakhee and other silver items are increasingly catching the fancy of the one and all in India. Full Story
By: Chris Mullen, Gold-Seeker.com - 4 August, 2016
Gold fell $8.86 to $1349.24 in Asia before it rallied back to $1364.86 at about 8:45AM EST, but it then drifted back lower into the close and ended with a gain of just 0.17%. Silver slipped to as low as $20.044 and ended with a loss of 0.29%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 4 August, 2016
The Bank of England lowered interest rates by 0.25% and said it had scope to do more if needed, including taking the key rate close to zero, they also announced a plan to lend as much as £100 billion ($132 billion) to banks to ensure the measures reach the real economy. In addition, the Monetary Policy Committee will buy £60 billion of government bonds over six months and as much as £10 billion of corporate bonds in the next 18 months. In total, the balance sheet could expand by £170 billion. Full Story
Gross, the founder of and ex boss of the largest bond fund in the world PIMCO, now manager of the Janus Global Unconstrained Bond Fund, says buy gold and warns of the risks in the bond market. He favours allocating funds to physical assets such as gold and real estate and he explained why in interviews on CNBC and Bloomberg yesterday. Full Story
By: Chris Mullen, Gold-Seeker.com - 3 August, 2016
Gold fell $10.01 to $1354.49 at about 10:30AM EST, but it then bounced back higher in afternoon trade and ended with a loss of just 0.47%. Silver slipped to as low as $20.374 and ended with a loss of 0.97%. Full Story
Enterprise is the energy of the individual that creates prosperity and gold is valuable matter to provide monetary capital, this is time proven to be the fundamental physics of economic and monetary science. It is the only dynamic to ensure a nation has continual prosperity, can maintain full meaningful employment and will create unstoppable progress. It can be no other way. Full Story
Incoming US economic data releases (between June employment and July US employment) has been mixed. The non-recurring factors are no more. It will be technical trade. Physical demand for gold and silver in India and most parts of Asia is more or less zero. People in Asia that want to buy physical gold and are waiting for prices to correct. It is the expectation of higher demand at lower prices which is keeping everyone on their toes. Full Story
By: Chris Mullen, Gold-Seeker.com - 2 August, 2016
Gold gained $13.93 to $1367.23 by late morning in New York before it edged back lower in afternoon trade, but it still ended with a gain of 0.83%. Silver rose to as high as $20.775 and ended with a gain of 0.88%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 2 August, 2016
We are seeing the Yuan strengthen against the U.S. dollar but staying in line with other currencies. The People’s Bank of China is not focused on the dollar but on the broad basket of currencies of its trading partners. The PB 0 C wants a stable to weakening Yuan and that despite what level the dollar will reach at some point this year. Full Story
Bullion buyers and silver “stackers” in particular continue to accumulate. They see silver at below $30 per ounce as good value vis a vis gold ($1,360 per ounce), stocks and many other investments. Many believe, like GoldCore, that silver will surpass $50 per ounce again and should reach levels above $100 per ounce given the very favourable fundamentals of very little supply and robust demand. Full Story
Momentum is hyper bullish for gold and silver. Everyone is buying gold and silver on dips. US GDP numbers on Friday has only added fuel to the bullish investor sentiment of gold and silver. Europe, Japan and now even the USA is getting plagued by mentally ill people who act as terrorist and kill innocents every day. These mentally ill people are called by the name of Islamic State and other names. Full Story
By: Chris Mullen, Gold-Seeker.com - 1 August, 2016
Gold fell $4.90 to $1346.40 at about 9:30AM EST, but it then rallied back higher for most of the rest of trade and ended with a gain of 0.15%. Silver rose to as high as $20.641 and ended with a gain of 0.44%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 1 August, 2016
Shanghai prices were slightly lower but London stayed in line with Shanghai’s close. Shanghai continues to remain in synch with both New York and London despite the fact it is a far, far bigger physical gold market than the two put together. The Chinese appear to be quite happy to let the two smaller markets make the gold and silver price. But for how long? Full Story
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