By: Chris Mullen, Gold Seeker Report - 13 July, 2018
Gold dropped $10.30 to $1236.80 at about 8AM EST before it rebounded in New York, but it still ended with a loss of 0.44%. Silver slipped to as low as $15.692 and ended with a loss of 0.88%. Full Story
First things first. If you didn’t realise it already, then you need to get this into your head: Donald Trump is serious. He has believed for a long time in an “America First” world where the US stops playing the role of global policeman and instead looks out for itself. As far as he’s concerned, other countries have been freeloading off the US and taking advantage of its good nature and overweening sense of responsibility for way too long. Full Story
By: Chris Mullen, Gold Seeker Report - 12 July, 2018
Gold gained $6.30 to $1248.50 by midday in New York before it chopped back lower into the close, but it still ended with a gain of 0.39%. Silver rose to as high as $15.989 and ended with a gain of 0.89%. Full Story
As part of Merk's in-house research we regularly evaluate a consistent set of charts covering the economy, equities, fixed income, commodities and currencies. The aim is to keep our eyes open and to look through the noise of the headlines, avoiding the distractions of sensationalized click-bait. In sharing this content, we offer a cross-check to your own thinking and aim to add value to your own process. Full Story
So it’s not just debt burdens that expand. Debt ownership also expands, and the debt deteriorates toward progressively lower quality. The dysfunctional economic system provides the illusion of prosperity for some segments of the economy. But in the end, the underlying instability will, as always, be expressed in the form of mass defaults, which effectively re-align the enormous volume of debt with the ability to service those obligations over the long-term. Full Story
I expect higher physical demand in Asia to prevent further crashes. Use the current correction in gold and silver to invest for yearend or for a period of two years. I have been advising a ten percent investment in physical gold and silver. I am now asking you to increase the same to fifteen percent of your long-term investment. Full Story
By: Chris Mullen, Gold Seeker Report - 11 July, 2018
Gold dropped throughout most of world trade and ended near its last-minute low of $1242.00 with a loss of 1.06%. Silver slipped to as low as $15.78 and ended with a loss of 1.62%. Full Story
– World Cup weighs nearly 200 ounces (6.17 kilos) and is 18 Karat or 75% pure gold – World Cup’s value is just £140,000 at today’s depressed prices – 30% less than England’s Harry Kane’s weekly wage of £200,000 – World Cup fever takes over England ahead of semi final tonight – World Cup’s true value is priceless to players and nations Full Story
Gold can fall first and then rise. Investors will prefer to sit on cash or invest in a safer bond market till a clear picture on the impact of the USA induced trade war is there. Anyways equities offer a much better return than gold in the short term. Risk is much higher in stocks than gold but returns outweigh risk. I again repeat that gold investment is not for a few weeks to a quarter. Gold has to be invested for a period of six months and more to get some really good returns. Gold offers good day trading opportunity as well. Full Story
By: Chris Mullen, Gold Seeker Report - 10 July, 2018
Gold fell $10.80 to $1247.40 in London before it bounced back higher in New York, but it still ended with a loss of 0.21%. Silver slipped to as low as $15.905 and ended with a loss of 0.31%. Full Story
– “Chaotic” Brexit more likely after Davis, Johnson resignations from UK government – London’s rivals are slowly carving chunks out of its financial services business – UK’s Brexit options are increasingly unappealing which may pressure the pound – Already Frankfurt, Paris, Luxembourg and Dublin seeing more foreign direct investment and financial services jobs – Risk of “death by a thousand cuts” for London, it’s financial services industry and its property market? Full Story
Political developments in the UK and the NATO summit will affect currencies as well as metals and energies. If gold and silver fall today, then physical buyers will be absent as they will be waiting for more correction. Today and tomorrow are crucial days for gold, silver and copper. They need to float over current prices to rise further. Sharp short-term corrections (if any) in gold and silver should be used to invest for the long term. Full Story
By: Chris Mullen, Gold Seeker Report - 9 July, 2018
Gold gained $10.80 to $1265.90 in London before it drifted back lower in New York, but it still ended with a gain of 0.25%. Silver rose to as high as $16.212 and ended with a gain of 0.50%. Full Story
– Italy is EU’s ticking timebomb as debt nears €2.4 trillion – Italy’s GDP is just €1.85 trillion; National debt is 132% of economy – Italy is politically dysfunctional at best of times; Now has populist left / right wing government – National debt owed to other EU nations alone is 25% of its GDP – Italy’s debt threatens global GDP; May wipe 0.4% off global GDP Full Story
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