By: Chris Mullen, Gold Seeker Report - 11 May, 2018
Gold gained $5.30 to $1325.90 at about 8AM EST before it drifted back lower in New York, but it ended with a loss of just 0.13%. Silver rose to as high as $16.828 and ended with a loss of 0.3%. Full Story
Gold discoveries have followed a predictable pattern. 263 major gold discoveries have been made in the past 28 years, but half of those discoveries happened in the 1990s. This boom lasted until the turn of the century when the rate of discovery began to decline. Only 16 discoveries were reported from 2000 to 2002, which produced 108.3 ounces of gold. That amount was below the average finds of the 1990s. This decline has continued, with both new discoveries and the amount of gold mined decreasing steadily. By 2010, only 18.6 million ounces of gold was discovered, a severe drop from the 61.5 ounces found in 2009. Full Story
By: Chris Mullen, Gold Seeker Report - 10 May, 2018
Gold climbed $10.90 to $1322.70 by midmorning In New York before it pared back heading into midday, but it then rallied back higher in afternoon trade and ended with a gain of 0.67%. Silver rose to as high as $16.75 and ended with a gain of 1.39%. Full Story
After a previous set of sanctions was imposed on Iran in 2012, it took two years for the country’s gold demand to start falling, according to data from the World Gold Council. It sank to only 45.1 tons by 2016, the lowest in at least six years and 65 percent lower than in 2013, according to gold council data. It rose to 64.5 tons last year. Full Story
By: Chintan Karnani, Insignia Consultants - 10 May, 2018
Other than crude oil, none of the financial markets have reacted to Iran’s nuclear deal cancellation news. The Bank of England (BOE) meeting today can provide the impetus for a trend change in currency markets as well as precious metals. Sterling can rise just before the BOE meeting or just after the BOE meeting. However if sterling falls after the BOE meeting gold will also crash. Full Story
By: Chris Mullen, Gold Seeker Report - 9 May, 2018
Gold fell $9.60 to $1304.80 in Asia before it climbed up to $1317.30 in late morning New York trade and then drifted back lower into the close, but it ended with a loss of just 0.2%. Silver dropped down to $16.354 before it rallied back to $16.616 and then also fell back off again, but it still ended with a gain of 0.01%. Full Story
Gold now has limited downside (20%) but substantial upside (650%) Gains on gold are likely to come at a time when stocks are crashing Investors and savers without an allocation to gold will be wiped out Time to consider saving in physical gold? Editors note Full Story
By: Chris Mullen, Gold Seeker Report - 8 May, 2018
Gold saw slight gains in Asia before it fell back to $1306.10 by a little after 10AM EST, but it then rallied back higher into the close and ended with a gain of 0.01%. Silver rose to as high as $16.519 and ended with a gain of 0.06%. Full Story
By: Chintan Karnani, Insignia Consultants - 8 May, 2018
World focus is on Trump’s Iran decision. My personal view is that the Nuclear deal with Iran will be cancelled. New trade sanctions will be imposed on Iran. Republican-Saudi nexus want crude oil prices to form a lower floor at $100. They want crude oil prices to rise to $100 as soon as possible. In order to achieve this motive, trade sanctions on Iran will have to be imposed on some pretext. Full Story
By: Chris Mullen, Gold Seeker Report - 7 May, 2018
Gold gained $4.80 to $1318.80 in Asia before it fell back to $1310.30 by a little after 8AM EST, but it then bounced back higher in New York and ended with a gain of 0.02%. Silver chopped between $16.568 and $16.404 and ended with a loss of 0.18%. Full Story
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