By: Chris Mullen, Gold Seeker Report - 16 February, 2018
Gold gained $8.30 to $1361.70 in Asia, but it then fell to as low as $1345.00 in New York and ended with a loss of 0.35%. Silver slipped to as low as $16.618 and ended with a loss of 1.18%. Full Story
Gold rose as the dollar fell to near a three-year low against a basket of currencies on Friday, heading for its biggest weekly loss in nine months, as a slew of bearish factors including firming inflation and a fall in retail sales and industrial production hit the dollar. Full Story
By: Chris Mullen, Gold Seeker Report - 15 February, 2018
Gold gained $4.90 to $1357.00 in late Asian trade before it drifted back to $1348.60 in London and then bounced back above unchanged in early New York trade ahead of another dip into midday, but it then rallied back higher into the close and ended with a gain of 0.1%. Silver swayed between $16.976 and $16.648 and ended with a gain of 0.06%. Full Story
In this interview, Mark O’Byrne, research director at Goldcore, says the fact that the gold price did not spike during last week’s equity sell-off was to be expected. He said even at the height of the global financial crisis, amid the collapse in the Wall Street behemoth Lehman Brothers, gold prices fell. O’Byrne says gold’s hedge abilities and safe haven attributes are seen more in the medium to long term. Also, he points out that there was a big move up in December in the gold price, so a period of correction was expected. Full Story
By: Chris Mullen, Gold Seeker Report - 14 February, 2018
Gold gained $7.60 to $1336.90 in Asia before it dropped back down to $1318.50 just after this morning’s inflation data was released, but it then soared back higher for most of the rest of trade and ended near its early afternoon high of $1355.50 with a gain of 1.72%. Silver rose to as high as $16.929 and ended with a gain of 1.81%. Full Story
– Global debt ‘area of weakness’ and could ‘induce financial panic’ – King warns – Global debt to GDP now 40 per cent higher than it was a decade ago – BIS warn – Global non-financial corporate debt grew by 15% to 96% of GDP in the past six years – US mortgage rates hit highest level since May 2014 – US student loans near $1.4 trillion, 40% expected to default in next 5 years – UK consumer debt hit £200b, highest level in 30 years, 25% of households behind on repayments Full Story
By: Chris Mullen, Gold Seeker Report - 13 February, 2018
Gold gained $9.40 to $1330.70 in London before it fell back to $1322.90 in early New York trade, but it then rallied back higher into the close and ended with a gain of 0.61%. Silver rose to as high as $16.683 and ended with a gain of 0.3%. Full Story
– Gold has outperformed equities and bonds over the long term – PwC Research – Gold is up 6.7% and 6.8% per annum over 10 and 20 year periods; Stocks and bonds returned less than 5.2% respectively over same period (see PwC table) – From 1971 to 2016 (45 years), “gold real returns were approximately 10% while inflation increased 4%” – Gold also valuable due to lack of correlation and hedge against inflation, currency devaluation and uncertainty Full Story
By: Chris Mullen, Gold Seeker Report - 12 February, 2018
Gold gained $11.10 to $1325.90 in early Asian trade before it fell back to $1317.50 in London, but it then climbed to a new session high of $1326.10 in New York and ended with a gain of 0.49%. Silver rose to as high as $16.619 and ended with a gain of 1.23%. Full Story
– Are bitcoin and crypto prices being manipulated like precious metals? – Is there a coordinated backlash against bitcoin from JPM and powerful interests? – 95% of cryptocurrencies and ICOs will likely go to zero – Good cryptos will thrive, most will disappear in “massive creative destruction” – Ponzi like nature of financial markets and fiat monetary system Full Story
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