By: Chris Mullen, Gold-Seeker.com - 10 February, 2017
Gold fell $9.80 to $1221.70 in Asia before it climbed up to $1237.00 in early afternoon New York trade and then fell back off a bit, but it still ended with a gain of 0.2%. Silver slipped to as low as $17.555 before it rallied all of the way back to $17.996 and ended with a gain of 1.53%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 10 February, 2017
We are all getting used to the new Presidential style with difficulty, but yesterday’ statements from the President that the U.S. is about to see a fantastic new Tax reformation incited markets in the U.S. to reach new record highs and gold took a knock of $5 by the close. He is still amazing the U.S., by the fact that he is sticking to his election promises. Full Story
Gold prices continued to shine this week reaching $1,244.70 per ounce and and has posted gains in five of the last six weeks. This week it reached a new three-month high – it’s highest since the Trump win and has climbed over 6% this year, beating the gains made in the same period in 2016. Full Story
By: Chris Mullen, Gold-Seeker.com - 9 February, 2017
Gold waffled between $1243.70 and $1236.80 in London before it edged up to $1244.20 by a little before 10AM EST, but it then dropped to as low as $1230.40 in afternoon trade and ended with a loss of 0.73%. Silver slipped to as low as $17.619 and ended with a loss of 0.56%. Full Story
For the love of gold (Don’t) put a ring on it Is gold jewellery going out of fashion? You’ll never get what you paid for it Devaluation: Synthetic diamonds, 3D Printing and Rise of the machines Buy gold – No one has cracked alchemy Give the gift of real gold – They will thank you for it Full Story
By: Chris Mullen, Gold-Seeker.com - 8 February, 2017
Gold gained $11.80 to $1244.80 in midmorning New York trade before it drifted back lower in the next few hours, but it still ended with a gain of 0.61%. Silver rose to as high as $17.866 and ended with a gain of 0.34%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 8 February, 2017
While U.S. based gold investors have returned to the gold market via the SPDR [GLD] gold ETF, we had not heard of any large gold investors returning until now. Today we have received reports that Drukenmiller, having exited the gold market in December, has returned to it. Full Story
Russia has been diversifying into gold since before the global financial crisis and views it as a safe haven asset and a hedge against a devaluation of the dollar and indeed the beleaguered euro. This is something we wrote about as long ago as 2007 – see here. Thus, Russia was buying gold long before Trump’s election. Full Story
By: Chris Mullen, Gold-Seeker.com - 7 February, 2017
Gold dropped $6.80 to $1227.90 by a little after 8AM EST before it bounced back to $1235.70 in early afternoon trade, but it then drifted back lower into the close and ended with a loss of 0.14%. Silver slipped to $17.559 before it rallied back to $17.788 and then also fell back off, but it ended with a loss of just 0.11%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 7 February, 2017
What is now very clear is that if Marie le Pen and her party are elected, France will likely leave the E.U. Yesterday saw a plan to leave the E.U. produced by her party. It could involve a dual currency. Some have said that a dual currency never works. On the contrary dual currencies have pulled several nations out of a hole, including the U.K. in the early seventies. One currency for commercial transactions and another for capital. Full Story
“Gold may prove the “tell,” according to Chris Flanagan, also at Bank of America. He advises investors to watch “for the combo of rising yields and rising gold prices to signal impending market volatility.” Three consecutive quarters of rising benchmark bond yields and gold prices preceded previous market falls including the 1973-1974 bond market crash and Black Monday in 1987, he says. The yield on the benchmark 10-year U.S. Treasury has risen to 2.44 percent from 1.77 percent since Trump’s election win. Gold has moved sideways.” Full Story
By: Chris Mullen, Gold-Seeker.com - 6 February, 2017
Gold gained $5.98 to $1224.98 in early Asian trade and rose to as high as $1230.08 in London before it pared back in midmorning New York trade, but it then rallied back higher again into the close and ended near its late session high of $1235.52 with a gain of 1.29%. Silver rose to as high as $17.748 and ended with a gain of 1.55%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 6 February, 2017
Shanghai was trading in gold at 269.85 during today’s session before London opened. This equates to $1,223.06. For the first time in the last month all global gold markets appear in line. The reality is that Shanghai is lower due to the higher quality of gold it prices at $1,218.06. Therefore New York and London are higher than Shanghai. It’s the first time we have seen this, this year. Full Story
London’s gold bullion market, which is centuries old, is said to be seeking transparency with plans to reveal how much gold bullion is held in vaults in and around London city according to gold bullion banks. These include gold bullion bars held and controlled by the Bank of England, as reported by Henry Sanderson in the Financial Times. Full Story
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