By: Chris Mullen, Gold-Seeker.com - 10 April, 2015
Gold climbed $15.61 to $1210.71 at about 9:45AM EST before it chopped back lower into early afternoon trade, but it still ended with a gain of 1.1%. Silver rose to as high as $16.682 and ended with a gain of 1.79%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 10 April, 2015
New York closed at $1,195.10 down $8.10 on Thursday in NY. Asia left it there but London quickly lifted it up to $1,203.40. The LBMA Gold price was set at $1,201.90 up $5.90 on yesterday’s level. The euro equivalent stood at €1,132.59 up €18.22 reflecting the rising dollar. Ahead of New York’s opening, gold was trading higher in London at $1,203.30 and in the euro at €1,134.65. Full Story
- Negative Interest Rates and Rising Interest Rates Positive For Gold - HSBC suggests negative rates may drive customers out of digital and into holding paper cash - ZIRP and NIRP very positive for gold - Rising U.S. rates not negative for gold due to emergence of China, India, Middle East and EMs Full Story
By: Chintan Karnani, Insignia Consultants - 10 April, 2015
The good thing about gold is that it is managing to hold $1170. Silver will either fall below $1575 or break and trade over $1700 in the next week. There will be big one way moves in silver. April has a history of knee jerk one way moves in silver. One needs to be prepared for the same. Full Story
Gold fell $10.39 to $1192.81 in Asia before it bounced back to $1202.28 in London, but it then dropped back to as low as $1193.12 by early afternoon in New York and ended with a loss of 0.67%. Silver slipped to as low as $16.16 and ended with a loss of 1.94%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 9 April, 2015
New York closed at $1,203.20 down $7.10 on Wednesday on NY. Asia dropped it to $1,195 then London started to lift it. The LBMA Gold price was set at $1,196.00 down $15.10 on yesterday’s level. The euro equivalent stood at €1,114.37 up €0.66. Ahead of New York’s opening, gold was trading higher in London at $1,200.00 again and in the euro at €1,114.36. Full Story
- Austria will remove state guarantee of bank deposits - Austrian deposit plan given go ahead by the EU - Banks to pay into a deposit insurance fund over 10 years - Fund will then be valued at a grossly inadequate €1.5 billion - New bail-in legislation agreed by EU two years ago - Depositors need to realise increasing risks and act accordingly - “Bail-ins are now the rule” and ‘Bail-in regime’ coming Full Story
By: Chintan Karnani, Insignia Consultants - 9 April, 2015
Gains in the US dollar along with a technical breakdown resulted in gold and silver falling. Now gold needs to trade over $1189 and silver needs to trade over $1625 to prevent another sell off. Gold and silver can still recover. Today’s session is very crucial for bullion. FOMC minutes have been a no show. Full Story
Gold edged up to $1212.06 in Asia before it fell back to $1197.49 after the release of today’s fed minutes, but it then bounced back higher in late trade and ended with a loss of just 0.59%. Silver slipped to a low as $16.401 and ended with a loss of 2.13%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 8 April, 2015
New York closed at $1,210.30 down $5.40 on Tuesday on NY. Asia held it there as did London where the LBMA Gold price was set at $1,211.10 up $2.60 on yesterday’s level. The euro equivalent stood at €1,113.71 up €0.04. Ahead of New York’s opening, gold was trading in London at $1,207.40 and in the euro at €1,112.61. Full Story
- Chinese Success in Attracting Major Western Countries to New Bank Marks Beginning of New Era - Diverse members include UK, Israel, Germany, Australia and Russia and Iran - Demonstrates the degree to which U.S. global influence is declining - U.S. needs to reform its approach to IMF and World Bank system if it to successfully reassert its influence - U.S. “Failure of Strategy and Tactics was a Long Time Coming” - Beijing’s challenge to post-World War II financial and monetary order - New bank shows continuing decline of U.S. hegemony and dollar as reserve currency Full Story
Gold dropped $8.10 to $1207.60 in late Asian trade before it bounced back higher in London, but it then drifted back lower in New York and ended with a loss of 0.44%. Silver slipped to as low as $16.74 and ended with a loss of 0.71%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 7 April, 2015
New York closed at $1,201.30 on Friday and $1,215.70 on Monday in NY close. Asia took it to $1,213 then London pulled it back to $1,211 ahead of the LBMA Gold price setting. The LBMA Gold price was set at $1,208.50 up $7.00 on Friday’s level. The euro equivalent stood at €1,113.67 up €15.75. Ahead of New York’s opening, gold was trading in London at $1,210.10 and in the euro at €1,113.91. Full Story
- Ex-Prime Minister warns uncertainty would hit UK economy and cause ‘chaos’ - ‘BREXIT’ would cause the “most intense period of instability” since WW2 - Seeks to portray Tory policy as disingenuous and cynically putting economy at risk - Uncertainty caused would have negative consequences for British economy and sterling Full Story
By: Chintan Karnani, Insignia Consultants - 7 April, 2015
The inability of gold and silver to break past key resistances despite all the positive circumstances could result in profit taking in long positions. It is not all over yet. Gold and silver still have the rest of the week to rise and break past $1228 and $1776 to attract massive short covering. In case they do not break past the above technical resistances, then a fall back to $1177 and $1626 could be in the cards. So a crucial few days. Full Story
Gold climbed $22.87 to $1224.17 by late morning in New York before it edged back lower in afternoon trade, but it still ended with a gain of 1.2%. Silver surged to as high as $17.293 and ended with a gain of 1.55%. Full Story
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