By: Chris Mullen, Gold Seeker Report - 10 August, 2018
Gold dipped $6.20 to $1205.80 in Asia before it rallied up to $1217.00 by late morning in New York, but it then fell back off into midday and ended with a loss of 0.05%. Silver slipped to as low as $15.296 and ended with a loss of 0.78%. Full Story
As it’s Friday we are bringing you a selection of some of the precious metals articles, graphs and videos that caught our eye this week. We are also giving you a link to our most recent episode of the Goldnomics Podcast – Trump’s War with China. We have been getting some great feedback on this and our previous episodes of the Goldnomics Podcast, so why not check out one or two episode this weekend! Full Story
By: Chris Mullen, Gold Seeker Report - 9 August, 2018
Gold dipped $2.60 to $1210.90 in Asia before it bounced back to $1217.20 in London and then dropped back lower in New York, but it ended with a loss of just 0.12%. Silver chopped between $15.367 and $15.503 and ended with a gain of 0.13%. Full Story
“This breadth of overvaluation certainly helps explain today’s level of despondence among value managers,” Ramsey said. “The long period of penance has not rewarded them with any truly cheap pockets of the stock market — like it did in 1999 and 2000. They still stand to lose serious money in the next bear market, but their results should be much better than the throngs who’ve decided to put their equity investing on auto-pilot.” Full Story
Gold and silver will break free from the recent consolidation phase and form a new range soon. There will be buyers on dips as long as gold trades over the $1196-$1204 zone and silver trades over the $1490-$1510 zone. I am bearish on crude oil on fundamentals. All the trade war related negative news will result in businesses curtailing their expansion plans; there will be less jobs created worldwide. I will not be surprised on layoffs in sectors affected by a trade war. Crude oil demand will be the first one to be affected as (a) people spend on necessities (b) people and corporates cut down on travel. Full Story
By: Chris Mullen, Gold Seeker Report - 8 August, 2018
Gold gained $5.30 to $1215.50 in Asia before it dropped back to $1206.60 in London, but it then bounced back higher in New York trade and ended with a gain of 0.27%. Silver chopped between $15.454 and $15.283 and ended with a gain of 0.39%. Full Story
In this clip Jim tells us what he thinks about the long-term safe-haven status of the US dollar and what he sees as the future for the Euro currency. Jim also give us his opinion on what he suspects might be the currency to emerge as the only viable but necessary competition to the “highly flawed” US dollar as the world’s reserve currency. Full Story
By: Chris Mullen, Gold Seeker Report - 7 August, 2018
Gold gained $8.60 to $1216.10 by a little after 6AM EST before it chopped back towards unchanged by midafternoon in New York, but it then edged back up into the close and ended with a gain of 0.22%. Silver rose to as high as $15.485 and ended with a gain of 0.39%. Full Story
Gold’s sharp decline over the past month serves as little surprise to the investors who want the asset to perform in just this fashion—that is, as an alternative to assets perceived as risky, like stocks. They’re betting that the opposite will be true as well, that gold will resume its role as protector and diversifier, even inflation hedge, when what they see as bloated price-to-earnings ratios, heavy debt-to-GDP ratios among major economies and hints of higher inflation finally catch up to the stock market. Full Story
By: Chris Mullen, Gold Seeker Report - 6 August, 2018
Gold dropped $6.10 to $1207.40 in London before it bounced back towards unchanged in morning New York trade, but it then fell back off into the close and ended with a loss of 0.49%. Silver slipped to as low as $15.29 and ended with a loss of 0.78%. Full Story
We are delighted to announce a very special guest for our next episode of the Goldnomics Podcast, due for release later this week. We recently had the opportunity to speak with the legendary investor and adventure capitalist Jim Rogers. Full Story
Gold and silver are still not out of the bear shadow yet. It is a wait and watch as long as gold trades over $1200 and silver trades over $15.00. Indian demand will rise with rakhi. Now a days I have seen gold and silver rakhi as the trend. However mobile phones and gadgets are a gifting trend in rakhi and other hindu festivals. Gold and silver stand to lose from the change in Indian preference. Asian demand is less as the feel good factor is not there. There are insecurities over whether jobs or business will result in lower demand for gold and silver in Asia. Asian people are going through an insecure phase. Full Story
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