By: Chris Mullen, Gold Seeker Report - 14 December, 2018
Gold fell $9.90 to $1233.00 by a little after 9:30AM EST before it climbed back towards unchanged by midday, but it then drifted back lower into the close and ended with a loss of 0.37%. Silver slipped to as low as $14.493 and ended with a loss of 1.29%. Full Story
Gold was lower today in dollars but saw slight gains in pounds and euros. It was supported by increasing concerns about the likelihood of a ‘hard’ Brexit, about global economic growth and uncertainty around the Fed’s interest rate policies in 2019. Full Story
By: Chris Mullen, Gold Seeker Report - 13 December, 2018
Gold held near unchanged in Asia before it dipped to $1240.30 in early New York trade and then bounced back higher at times, but it still ended with a loss of 0.24%. Silver chopped between $14.805 and $14.684 and ended with a gain of 0.2%. Full Story
– ‘Gigantic holes in the system’ warns former Fed Head – Interest rates will remain lower than they have been in past – Leveraged loans pose risks and there is unfinished regulation – “I think things have improved, but then I think there are gigantic holes in the system” – No new financial crisis in ‘our lifetimes’, Yellen said only last year – Editors note: Yellen should know as she and her predecessors are responsible for some of the “gigantic holes” Full Story
By: Chris Mullen, Gold Seeker Report - 12 December, 2018
Gold chopped up to $1247.10 at about 1PM EST before it fell back off into midafternoon, but it then rallied back higher into the close and ended with a gain of 0.23%. Silver rose to as high as $14.794 and ended with a gain of 1.31%. Full Story
If you followed some of my posts from two years ago, you might recall that I was in favor of Brexit. I still am. One of British voters’ main grievances was the heavy burden of European Union (EU) regulations, many of which are decided by unelected bureaucrats in Brussels. Altogether, these regulations cost U.K. businesses an estimated 33.3 billion pounds every year. Voters should have the right to decide whether to abide by these rules, which hamper business, or choose a different path. Full Story
– Gold Krugerrand coin worth $1,200 put in charity kettle – this time in Alaska – Mystery Salvation Army gold donors keep giving Gold Krugerrands – Gold, like pounds, euros and dollars can be used for good or ill – Give the gift of gold in this the Season of Kindness Full Story
By: Chris Mullen, Gold Seeker Report - 11 December, 2018
Gold gained $5.20 to $1249.50 in London before it chopped back down to $1241.10 by midafternoon in New York, but it then bounced back higher into the close and ended with a loss of 0.1%. Silver rose to as high as $14.719 before it dropped back to $14.516, but it then rallied back higher in late trade and ended with a gain of 0.21%. Full Story
By: Chris Mullen, Gold Seeker Report - 10 December, 2018
Gold saw slight gains in Asia before it fell back to $1243.50 by a little after 8AM EST and then bounced back higher in morning New York trade, but it then fell back off again into the close and with a loss of 0.33%. Silver slipped to as low as $14.478 and ended with a loss of 0.75%. Full Story
Markets being sentiment and momentum driven this could mean the recent correction in gold is over. Technical driven traders are likely to take signal from the recent price gains, in the face of stock market sell offs, and many will be seeking to reverse short positions and go long gold. Gold appears to have bottomed and looks set to have a strong 2019 given the increasingly positive fundamentals. Full Story
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