By: Chris Mullen, Gold-Seeker.com - 12 February, 2016
Gold dipped $11.30 to $1232.90 in early New York trade before it bounced back higher into the close, but it still ended with a loss of 0.47%. Silver slipped to as low as $15.616 and ended with a gain of 0.13%. Full Story
By: Gary Christenson, Deviant Investor - 12 February, 2016
Gold prices have bottomed. The XAU index of gold stocks has bottomed. Central banks and politicians will talk, borrow, and spend but they will not save economies or protect your purchasing power. Gold and silver will protect your purchasing power and might help you sleep at night. Full Story
Gold bullion jumped 4 percent yesterday to $1,244.20/oz, its biggest single-day percentage rally since 2013. For the week, gold is 7.2% higher which is its biggest weekly gain since the global financial crisis in 2008. Full Story
By: Julian D. W. Phillips, Gold Forecaster - 12 February, 2016
We have expected this for a very long time, but the demand to do this was just not there in the U.S. As physical supplies dwindled to remarkably low levels in the U.S. it became clear that just a relatively small burst of demand would break through these concepts. But to see in one day such a breakout stunned even us. What is for sure is, the cat is out of the bag and it is unlikely that it can be put back in. Full Story
Those who have waited to gift some gold ornaments on Valentine’s Day are either going to back out or have to substantially increase their budget. This is all I can say on the rise of gold prices yesterday. Yesterday was a big overshoot for gold. Gold and silver now need to consolidate this week’s gains to sustain the recovery. A $90 rise in gold in a week has never been sustainable even in precious bull markets. There will be corrections and consolidation before starting another rise. Full Story
By: Chris Mullen, Gold-Seeker.com - 11 February, 2016
Gold soared higher throughout most of world trade and ended near its late session high of $1257.51 with a gain of 3.99%. Silver jumped to as high as $15.941 and ended with a gain of 2.75%. Full Story
It has something to do with Yellen’s not dovish enough Congressional testimony. It has something to do with global financial system problems associated with low interest rates. It also has something to do with emerging countries at the doorstep of penury. And last but not least, it has something to do with disinflationary pressures that threaten the financial system and world economy as a whole. However, these things, albeit good reasons to own gold, would normally play out in the price over an extended period of time. Full Story
Global investment demand for the full year 2015 grew by 8% to 878t from 815t in 2014. Bar and coin demand remained steady in 2015 as investors took advantage of a weaker price in Q3. The ETF market saw a slowdown in outflows: 133t in 2015, compared to 185t in 2014. Q4 2015 witnessed a continuation of these trends with a number of key regions experiencing double digit growth. Full Story
A host of negative factors sent investors fleeing riskier assets. Oil prices slid on inventory data and on concerns about slowing global growth as Federal Reserve Chair Janet Yellen warned of several risks facing the U.S. and Chinese economies, and the global economy. Full Story
By: Julian D. W. Phillips, Gold Forecaster - 11 February, 2016
Now, nations are blatantly acting in their own interests, to the exclusion of other nations. A global monetary system cannot act in a stable manner in such a climate. With a decaying global economy adding to the pressures on currency exchange rates we foresee growing volatility and instability. We do expect central bank gold reserves to be harnessed in attempts to ease such instability, keeping many parts of the global economy liquid. Full Story
By: Chris Mullen, Gold-Seeker.com - 10 February, 2016
Gold fell $6.37 to $1181.43 in London, but it then rose to as high as $1197.10 in the last minutes of New York trade and ended with a gain of 0.73%. Silver rose to as high as $15.295 and ended with a gain of 0.33%. Full Story
I have to wonder if gold is going to give us the obvious cycle top at $1200 and reward all the shorts that sold yesterday, and reward the longs who took profits. Full Story
In one of his starkest warnings yet, Former White House Budget Director (Office of Management and Budget, OMB), David Stockman has warned that banks and the global financial system remain vulnerable and there is likely to be another global financial crisis which will be worse than the first involving “a run on mutual funds and ETFs.” Full Story
By: Julian D. W. Phillips, Gold Forecaster - 10 February, 2016
This morning, with the exception of China, which is closed for the week, equity markets continue to fall with Japan now fully in a ‘bear’ market. The dollar continues to fall against major currencies, particularly the Yen which is now at 114 to the dollar. All the gains made through weakening their currency are beginning to evaporate. While it doesn’t signal a return to a yen below 100 to the dollar it does signal an end to ongoing competitive devaluations against the dollar. Full Story
By: Chris Mullen, Gold-Seeker.com - 9 February, 2016
Gold edged down to $1185.75 in Asia before it chopped up to $1198.93 in early afternoon New York trade, but it then fell back off into the close and ended with a loss of 0.2%. Silver slipped to as low as $15.184 and ended with a loss of 0.52%. Full Story
By: Julian D. W. Phillips, Gold Forecaster - 9 February, 2016
This morning across the globe, markets are falling around 5% taking nearly all of them close to a ‘bear’ market as defined by a 20% drop from their peaks. Markets are discounting slow growth across the world and a poor growth scene. Investors from the U.S. are pushing into gold now and as we have said for a long time now, once investors turn back to gold they will find it hard to get what they want and cause a rapid rise in gold prices. Full Story
Global stock markets are facing sharp losses amid more signs that international growth is tapering, led by the world’s second-largest economy, China.
Market participants said this week’s start of the Lunar New Year—a holiday in China and many parts of Asia—was helping drive physical demand for gold. Full Story
Despite what many believe stocks are not starting an extended bear market even though we probably will drop at least 20% before this correction is over. Full Story
By: Chris Mullen, Gold-Seeker.com - 8 February, 2016
Gold saw almost 1% losses for much of trade in Asia, but it then climbed higher through most of the rest of the day and ended near its midafternoon high of $1200.65 with a gain of 1.41%. Silver surged to as high as $15.453 and ended with a gain of 1.8%. Full Story
However, a major caveat must be attached to this astonishing revelation. This media tentacle was not advocating that we abandon our fraudulent, fiat currency Ponzi-scheme and return to a gold standard at the global level. Rather, it was only advocating a quasi-gold standard, domestically, and in just one nation. Full Story
Momentum buyers and trend following funds are again making the “trend their friend.” This is seen in the increase in gold ETF holdings which have increased now for 15 consecutive days as retail and institutional investors diversify into gold to protect from increasing market volatility and concerns of new bear markets in stocks. Full Story
By: Julian D. W. Phillips, Gold Forecaster - 8 February, 2016
The “Year of the Monkey” begins today and China is closed. With that demand postponed for the holiday and returning at its end we expect dealers to try to pull prices back, but currency considerations and physical demand will rule the gold price. While the Chinese Lunar New Year is the highpoint for Chinese gold demand, it does not drop off significantly afterwards as the steady current of growing middle classes continues to attract demand. And this is not just a one-off purchase when they become middle class it signals the start of a continuous purchasing pattern. Full Story
It appears the great gold bear of 2011-2016 has now ended. Mr Bear has now completed his work of cleaning up all the garbage and malinvestment created by reckless management teams over the past 15 years. Our sought after ultra low of HUI 66 where we were all going to ring the bell and back up the truck is not going to happen in my opinion. The bottom is in! Full Story
US January nonfarm payrolls numbers should see an upward revision next month. The number is just to ensure that the US dollar weakens. February numbers will be much higher than January (if there is no weather related disruption). There are now doubts over the next interest rate hike by the Federal Reserve. This will ensure firm bullion prices and a weaker greenback. Full Story
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