– Oil (WTI) surges over 8% to over $66.90/bbl; supply disruption risk – U.S. dollar and Treasuries fall; geopolitical, trade war and fiscal concerns – Stocks rally and shrug off trade war, macro and geo-political risks – Bitcoin, major cryptos (Ethereum, Ripple etc) rise sharply – Russia-US tensions high: Trump warns attack ‘could be very soon or not so soon at all’ Full Story
By: Chris Mullen, Gold Seeker Report - 12 April, 2018
Gold saw slight gains in Asia, but it then fell throughout most of trade in London and New York and ended near its late session low of $1333.90 with a loss of 1.18%. Silver slipped to as low as $16.451 and ended with a loss of 1.08%. Full Story
Recent economic data in the Eurozone has pointed to slowing economies. Retail sales and industrial production is down in many nations (see Bloomberg chart above – source). Germany, the prime driver of growth in the region has seen exports plunge due to the euro strengthening against the dollar and due to the risk of tariffs and a potential global trade war on the horizon. Full Story
By: Chris Mullen, Gold Seeker Report - 11 April, 2018
Gold gained $24.40 to as high as $1365.10 in late morning New York trade before it fell back under $1350 by a little after 2PM EST, but it then bounced back higher into the close and ended with a gain of 0.78%. Silver rose to as high as $16.866 and ended with a gain of 0.48%. Full Story
– Dow set to drop 300 points at open after Trump tweet today – Stocks see sell off and gold pops to test resistance at $1,350/oz – US stock futures suggest over 1% losses at New York open – Oil surged to a two-week high and has surged nearly 7% this week – U.S. bombing Syria may provoke escalation of conflict with Russia and wider conflict in volatile Middle East Full Story
By: Chris Mullen, Gold Seeker Report - 10 April, 2018
Gold dipped $6 to $1331.30 in Asia before it bounced up to $1342.40 in early afternoon New York trade and then drifted back lower at times, but it still ended with a gain of 0.25%. Silver chopped between $16.435 and $16.645 and ended with a gain of 0.48%. Full Story
The conflict between the U.S., the UK and Israel and Syria and its allies Iran and Russia looks set to escalate in the coming hours and days. U.S. missile destroyer USS Donald Cook has quickly sailed to just off Syrian territorial waters and is reportedly being “harassed” by low-flying Russian warplanes. CNN Turkey reports that they have buzzed the “Arleigh Burke” class warship at least four times. Full Story
By: Chintan Karnani, Insignia Consultants - 10 April, 2018
Developments in Syria are explosive. The FBI raid on Trump’s lawyer’s office reflects political instability in the USA. These factors can result in a quick rise for gold and decline of the greenback. The US-China trade war can subside in the short term but long term damage has been done to American credibility as a trading partner. Nations will find new ways and means to defriend the USA in way that the so called trade sanctions does not affect them. All global developments (apart from economics) are bullish for gold. Economically gold should fall in the short term as the global economy is robust. Full Story
By: Chris Mullen, Gold Seeker Report - 9 April, 2018
Gold fell $6.10 to $1326.90 in London, but it then rallied back higher in New York and ended near its late session high of $1337.90 with a gain of 0.32%. Silver rose to as high as $16.552 and ended with a gain of 0.86%. Full Story
– Gold outperforming stocks in 2018 and this century (see chart) – Gold up close to 2% in 2018 while SPX 500 is down 2% – Trump trade wars and Kudlow as Trump chief economic advisor is gold bullish – Given gold’s performance, Kudlow’s dismissal of gold as “end of the world insurance” is “irrational” – Market volatility could drive gold to $1,500/oz in 2018 – Holmes Full Story
By: Chintan Karnani, Insignia Consultants - 9 April, 2018
The disappointing thing was that gold and silver were not able to rise after the release of disappointing US March nonfarm numbers. The perception of traders it seems that cyclical factors such as early Easters has resulted in the fall in March jobs numbers and that the US economy will continue to hire over 200,000 jobs from April onwards. Full Story
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