By: Chris Mullen, Gold-Seeker.com - 12 December, 2014
Gold edged up to $1227.25 at about 5AM EST before it dropped back to $1216.39 over the next five hours of trade, but it then bounced back higher in late morning New York trade and ended with a loss of just 0.25%. Silver rose to as high as $17.205 before it also fell back off, but it ended with a loss of just 0.24%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 12 December, 2014
New York closed at $1,225.10 down $2.30 before Asia took it down to $1,220. The euro fell over half a cent to $1.2395. In London’s the gold Fixing was set at $1,223.50 up $4.00 and in the euro, at €984.31 up €3.374 while the euro was unchanged at $1.2430. Ahead of New York’s opening gold was trading in London at $1,225.00 and in the euro at €982.79. Full Story
The New York Times published an important article this week in which the benefits of gold to nation states during a period of currency wars was highlighted. The article was noteworthy as the New York Times has rarely covered gold in a positive manner. Full Story
By: Chris Mullen, Gold-Seeker.com - 11 December, 2014
Gold dropped down to $1216.21 at about 10AM EST before it jumped up to $1231.95 by early afternoon in New York, but it then fell back off into the close and ended with a loss of 0.19%. Silver slipped to as low as $16.931 and ended with a loss of 0.18%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 11 December, 2014
New York closed at $1,227.40 down $2.20 before Asia took it down to $1,223. The euro recovered nearly a cent to $1.2460. In London’s the gold Fixing was set at $1,219.50 down $8.75 and in the euro, at €980.936 down €10.948 while the euro was half a cent stronger at $1.2432. Ahead of New York’s opening gold was trading in London at $1,221.00 and in the euro at €981.24. Full Story
Respected economic historian and author of the “Gloom, Boom and Doom Report,” Dr Marc Faber has warned about the continuing and coming decline of western economic power. He believes that the generation of young people starting to work today will be the first in two hundred years to have a lower standard of living than their parents had. He believes dividend paying Asian stocks will grow wealth in the coming years and remains an advocate of owning physical gold. Full Story
The great Mark Mobius says that Chinese stock markets are in a very early stages of a bull run. Stock markets rise and economic performance have a direct correlation. The kick start in the Chinese economy should be very bullish for silver, copper and all ferrous metals and nonferrous metals. The lagging effects of lower energy prices of this year will be felt by way of very high growth in emerging markets. India, China and other emerging markets will ensure that commodities will restart their bull run. Full Story
By: Chris Mullen, Gold-Seeker.com - 10 December, 2014
Gold climbed $8.63 to $1238.23 in Asia before it fell back to $1225.03 in London and then chopped back higher in morning New York trade, but it then drifted back lower in afternoon trade and ended with a loss of 0.18%. Silver rose to as high as $17.301 before it also fell back off, but it still ended with a gain of 0.24%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 10 December, 2014
New York closed at $1,229.60 up $24.60 before Asia took it up to $1,236 then down to $1,231. The euro recovered half a cent at $1.2388. In London’s the gold Fixing was set at $1,228.25 up $21.75 and in the euro, at €991.884 up €16.134 while the euro was slightly stronger at $1.2383. Ahead of New York’s opening gold was trading in London at $1,228.00 and in the euro at €992.16. Full Story
Gold in Singapore inched marginally lower today and that weakness continued in London trading. Gold remains near its seven-week high hit yesterday. A small rebound in equity markets and lower crude prices may have offset the impact of a weaker dollar. Spot gold was down 0.3% at $1,229.90 an ounce in late trading in London The metal had risen to $1,238.20 yesterday, its highest since October 23. Full Story
It was a bull’s eye yesterday. I was expecting a sharp rally in gold and silver and it happened. The CIA torture report will result in nations even further try and increase bilateral trade where the end settlement will not be in US dollars. The current rise in gold and silver is here to stay. It will now be very difficult for gold to fall below $1140 and for silver to fall below $15.00. Laggards will be using the fall (if any) in gold and silver to invest. Short sellers will also be using the fall (if any) to square off their long positions. Full Story
By: Chris Mullen, Gold-Seeker.com - 9 December, 2014
Gold climbed $29.19 to $1234.19 by late morning in New York before chopped back lower at times, but it still ended with a gain of 2.04%. Silver surged to as high as $17.205 and ended with a gain of 4.03%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 9 December, 2014
New York closed at $1,205.00 up $13.60 before Asia held it there. The euro recovered nearly a cent at $1.2336. In London’s the gold Fixing was set at $1,206.50 up $11.25 and in the euro, barely changed, at €975.75 up €0.275 while the euro was stronger at $1.2365 over 1 cent higher. Ahead of New York’s opening gold was trading in London at $1,205.90 and in the euro at €975.92. Full Story
The economic outlook for European banks in 2015 will be hampered by weak profits, risks of bail-ins and litigation charges, Moody's Investors Service announced Monday. "Weak macroeconomic conditions will continue to weigh on Europe's banking sector in 2015 and banks' low overall profitability implies that Europe's banking sector remains structurally vulnerable," Moody's Europe, Middle East and Africa financial institutions group managing director said in a statement. Full Story
It has been an excellent performance by gold and silver. They seem to be forming a base for a massive rise. Undaunted by gains in the US dollar and falling energy prices gold and silver have stood firm. Apart from the so called gold price manipulation, there are more justified reasons to restart the gold Bull Run. I have been a silver bull all my life and I am more than optimistic that 2015 will be a silver year. Full Story
By: Chris Mullen, Gold-Seeker.com - 8 December, 2014
Gold bumped up to $1197.94 by a little after 9AM EST before it fell back to unchanged at $1191.40 in the next couple of hours of trade, but jumped to a new session high of $1208.85 in early afternoon trade and ended with a gain of 1.14%. Silver surged to as high as $16.423 and ended with a gain of 0.55%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 8 December, 2014
New York closed at $1,191.40 down $14.90 on the high of the week before Asia took it up slightly to $1,195. This was due to a falling euro which started the week at $1.2284. In London’s the gold Fixing was set at $1,195.25 down $8.75 and in the euro at €975.475 down €2.115 while the euro was weaker at $1.2253. Ahead of New York’s opening gold was trading in London at $1,195.20 and in the euro at €975.43. Full Story
Gold is marginally higher today and testing resistance at $1,200/oz and is being supported by lower European shares following soft economic data from China and Japan and an S&P downgrade of Italy's credit rating. A much needed reminder that the Eurozone debt crisis may soon make an unwelcome return to jolt markets. Full Story
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