By: Chris Mullen, Gold-Seeker.com - 11 March, 2016
Gold jumped up to $1282.75 in early Asian trade, but it then fell back off for most of the rest of the day and ended with a loss of 1.62%. Silver slipped to as low as $15.454 and ended with a loss of 0.64%. Full Story
Gold prices climbed to a 13-month high in dollar terms overnight ($1,282.51) after the increasingly adventurous, dare one say reckless, European Central Bank unleashed its latest ‘bazooka’ and initiated more interest-rate cuts, a significant extension in currency printing and bond purchases and also a potential subsidy to banks lending. Full Story
By: Chris Mullen, Gold-Seeker.com - 10 March, 2016
Gold dropped $11.87 to $1239.53 just after 8AM EST, but it then rallied back higher for most of trade in New York and ended with a gain of 1.55%. Silver climbed to as high as $15.631 and ended with a gain of 1.90%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 10 March, 2016
Gold closed in New York at $1,253.90 down from $1,261.40 Wednesday. In Asia this morning, it moved lower to $1,245 and then held there in London until the LBMA price setting was set at $1,247.25 down from $1,258.25. The dollar index is slightly higher at 97.37 down from 97.17 on Tuesday. Full Story
Silver hasn’t been so cheap relative to gold for more than seven years and with silver ETF holdings having surged in recent days, silver coin and bar demand very robust and mine supplies forecast to contract this year, there are signs that silver is set to resume its bull market and outperform gold once again. Full Story
Gold fell $18.21 to $1243.19 at about 9:45AM EST before it bounced back to nearly unchanged by early afternoon in New York, but it then drifted back lower into the close and ended with a loss of 0.79%. Silver slipped to as low as $15.195 and ended with a loss of 0.59%. Full Story
The gold bull market has returned and gold could surge over 1,000% to $8,000 per ounce in the coming years according to legendary gold investor, Chairman of Franco-Nevada Corporation and former Chairman of the World Gold Council, Pierre Lassonde. Gold prices are heading higher, much higher and he is “very sure” that the five-year bear market for gold is over and we are at the beginning of a new bull market, the gold insider told leading Canadian business channel, BNN. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 9 March, 2016
Gold closed in New York at $1,261.40 down from $1,268.00 on Tuesday. In Asia this morning, it moved lower to $1,257 at one point and then in London until the LBMA price setting was set at $1,258.25 down from yesterday’s $1,274.10. The dollar index is slightly higher at 97.37 down from 97.17 on Tuesday. Full Story
Gold gained $10.84 to $1278.04 in London, but it then chopped back lower in New York and ended near its late session low of $1260.28 with a loss of 0.46%. Silver slipped to as low as $15.331 and ended with a loss of 1.79%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 8 March, 2016
Gold closed in New York at $1,268.00 up from $1,260.80 in New York on Monday. In Asia on Tuesday, it moved higher to $1,274 and then in London until the LBMA price setting was set at $1,274.10 up from $1,267.60 yesterday. The dollar index is slightly lower at 97.17 down from 97.61 on Monday. Full Story
Gold rose almost 1% to $1273.17 in London before it fell to see a slight loss at $1259.51 in early afternoon New York trade, but it then bounced back higher into the close and ended with a gain of 0.51%. Silver rose to as high as $15.792 and ended with a gain of 0.97%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 7 March, 2016
Gold closed in New York at $1,260.80 down from $1,262.20 on Friday. In Asia on Friday, it moved higher until the LBMA price setting was set at $1,267.60 down from $1,271.50 on Friday. The dollar index is slightly higher at 97.61 up from 97.52 on Friday. Full Story
Gold ETF, the iShares Gold Trust, had to stop issuing new shares in its $7.7 billion on Friday as a “surge” in investment demand for gold caught out the provider of the ETF and the world’s largest money manager, BlackRock Inc. Full Story
Once again there is speculation that the Federal Reserve will raise interest rates in April. The higher US jobs number has increased the April probability. Global uncertainty will result in the Federal Reserve to waiting till June meeting for an interest rate hike. Next week’s FOMC statement will be hawkish. There will be a fight between bulls and bears in gold and silver. Full Story
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