By: Chris Mullen, Gold Seeker Report - 15 June, 2018
Gold fell $27.40 to as low as $1275.40 at about 1:30PM EST before it bounced back higher into the close, but it still ended with a loss of 1.71%. Silver slipped to as low as $16.455 and ended with a loss of 3.49%. Full Story
– Bitcoin price in one year (June 2019)? – Bitcoin at $10,000 is the call of majority of MoneyConf poll participants – Bears see bitcoin at $0 while uber bulls see $100k/$1m (incl. Max Keiser) – Is binary and “bitcoin will likely go to zero or go much higher” – “Which cryptocurrency are you betting on in 2019?” – MoneyConf poll asks – Bitcoin, ethereum favoured in poll over ripple and litecoin Full Story
By: Chris Mullen, Gold Seeker Report - 14 June, 2018
Gold gained $9.10 to $1309.20 at about 8:30AM EST before it chopped back lower for most of the rest of trade, but it still ended with a gain of 0.21%. Silver rose to as high as $17.305 and ended with a gain of 0.70%. Full Story
– Is the cashless society upon us? – Cashless society or ‘Lesscash’ society? – Do you carry cash and how much? – When might we see the world’s first completely cashless society? – Who wins the payments battle – Apple, Google, WeChat, Alipay? – Privacy, bank, electricity, wifi, tech and systemic risk underlines continuing importance of cash Full Story
The European Union, the Chinese and Canada have not yet started significant counter sanctions on US goods and US corporations. The negative effect on certain US corporations will be felt in the coming months and not now. (2) Nymex crude oil up to $80 will not shake US economic growth. It will only affect emerging market nations and emerging market currencies. The US economy will slow down if nymex crude oil trades over $80 for a few months. Full Story
By: Chris Mullen, Gold Seeker Report - 13 June, 2018
Gold dipped $3.50 to $1292.60 in Asia before it bounced back to $1299.00 by late morning in New York and then fell back to $1292.90 after today’s fed statement, but it then shot up to a new session high of $1301.00 in the last minutes of trade and ended with a gain of 0.31%. Silver climbed up to $16.992 before it also dropped in early afternoon trade, but it then jumped to a new session high of $17.106 and ended with a gain of 1.25%. Full Story
– When was the last time you set foot in the bank? – What is the future for fintech startups? – Unbundling and disruption wins – What is the fintech hub to watch in 2019? – Singapore, London, NYC, Silicone Valley, Zug? Full Story
By: Chris Mullen, Gold Seeker Report - 12 June, 2018
Gold dipped $7.20 to $1293.20 in early New York trade before it bounced back to $1299.60 by late morning, but it then drifted back lower into the close and ended with a loss of 0.33%. Silver slipped to as low as $16.734 before it rallied back to $16.946, but it then chopped back lower in afternoon trade and ended with a loss of 0.41%. Full Story
By: Chris Mullen, Gold Seeker Report - 11 June, 2018
Gold gained $2.60 to $1301.10 in Asia before it fell back to $1294.20 in London, but it then climbed to a new session high of $1302.10 by late morning in New York and ended with a gain of 0.15%. Silver chopped between $16.748 and $16.939 and ended with a gain of 1.01%. Full Story
The tangible quality of gold bullion is one of the key factors which contributes to gold’s ability to act as a form of financial insurance for investments, savings and wealth throughout history and again in recent months and years. Full Story
The US dollar should weaken after Trump’s G7 U turn. China-Russia are showing higher trade cooperation and cohesiveness to check the growing influence of the USA in the South China Sea. The meeting of the Shanghai Cooperation Council (SCO) will antagonize the USA even more as even a slight hint of unity in India-Russia-China-Pakistan could reduce American influence to zero in the Indian sub-continent. Net on net all non-economic events are long term bearish for the US dollar. Meanwhile, there is speculation China-Russia will launch a currency backed by gold. It is not clear whether it will be the yuan or a new currency. Full Story
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