By: Chris Mullen, Gold-Seeker.com - 7 August, 2015
Gold gained $7.05 to $1096.35 in Asia before it dropped down to $1083.59 just after this morning’s jobs report was released, but it then rose to a new session high of $1099.52 in the next two and a half hours of trade and ended with a gain of 0.26%. Silver rose to as high as $15.022 and ended with a gain of 0.82%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 7 August, 2015
On Thursday New York closed at $1,089.30 up $4.30. The dollar is barely changed at $1.0911, with the dollar Index the same at 97.90. This morning the LBMA gold price was set at $1,091.35 up $6.35. The euro equivalent was €997.76 up €2.44. Ahead of New York’s opening, gold was trading in London above $1,091.20 and in the euro at €997.62. Full Story
Simplistic gold analysis speculates solely on price Forgets vital importance of diversification Lorcan Roche Kelly’s analysis lacks all context Ignores huge physical demand for gold coins and bars Today’s world is very different to the world of the 1980s and 1990s Alas, financial crisis has been postponed not averted Physical gold will have value when paper and digital wealth is devalued, confiscated or inaccessible … Full Story
By: Chris Mullen, Gold-Seeker.com - 6 August, 2015
Gold waffled between $1087.22 and $1084.24 in Asia and held near unchanged for most of trade in London, but it then rose to as high as $1093.89 by early afternoon in New York and ended with a gain of 0.4%. Silver rose to as high as $14.775 and ended with a gain of 0.34%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 6 August, 2015
On Wednesday New York closed at $1,085.00 down $3.20. The dollar is slightly weaker at $1.0901 down from $1.0860, with the dollar Index weaker at 97.90 down from 98.12. This morning the LBMA gold price was set at $1,085.00 down from $1,086.50. The euro equivalent was €995.32. Ahead of New York’s opening, gold was trading in London above $1,085.60 and in the euro at €995.69. Full Story
Shanghai Gold Exchange deliveries at 73.289 tonnes last week 3rd largest week of gold withdrawals ever on SGE Both China and India heading for over 1,000 metric tonnes in 2015 … again India imports 96.1 tonnes in May alone ‘Chindia’ imports 296.55 tonnes in May – 14% greater than global production South Korean gold demand surges in wake of Chinese crash Asian and global gold demand robust contrary to anti-gold narrative Full Story
US July private ADP numbers have been below expectations. However a sharp rise in the ISM services numbers resulted in the downfall for metals and energies. Momentum is bearish for gold, copper, crude and silver. Nobody wants to buy in the futures market. The chances are very high for a September interest rate hike. The only reason not to raise interest rates in September will be very low inflation. Full Story
By: Chris Mullen, Gold-Seeker.com - 5 August, 2015
Gold dipped to $1084.67 in Asia before it rallied back to $1092.43 in London and then fell to a new session low of $1083.04 by late morning in New York, but it then bounced back higher in early afternoon trade and ended with a loss of just 0.29%. Silver rose to as high as $14.712 and ended with a gain of 0.07%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 5 August, 2015
On Friday New York closed at $1,088.20 up $1.90. The dollar is relatively strong at $1.0860 up from $1.0977, with the dollar Index stronger at 98.12 up from 97.32. This morning the LBMA gold price was set at $1,086.50 down from $1,092.60 down $6.10. The euro equivalent was unchanged from yesterday. Ahead of New York’s opening, gold was trading in London above $1,091.50 and in the euro at €1,001.15. Full Story
‘Death of gold’ greatly exaggerated Vital context: gold rose sharply in years preceding crisis and during crisis Important to consider gold in local currency terms In euro, gold is up 2% in 2015, after 13% gain in 2014 Gold at €300 in 2001, rose to €1,400 during crisis and at €1,000 today History, academic and independent research shows gold is a safe haven Sharp fall in value of commodities means global economy is weakening Full Story
By: Chris Mullen, Gold-Seeker.com - 4 August, 2015
Gold dipped $5.21 to $1081.09 in Asia before it bounced back to $1094.55 in London and then fell back off in early afternoon New York trade, but it still ended with a gain of 0.17%. Silver rose to as high as $14.656 and ended with a gain of 0.48%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 4 August, 2015
On Friday New York closed at $1,086.30 down $8.90. The dollar is relatively unchanged at $1.0977, with the dollar Index almost the same at 97.32. This morning the LBMA gold price was set at $1,092.60 down $0.40. The euro equivalent was €995.35 down €1.96 on Monday. Ahead of New York’s opening, gold was trading in London at $1,093.10 and in the euro at €995.76. Full Story
The headlines are dramatic, ugly and depressing to anyone who holds gold right now. Broad market sentiment has shifted from disdain and dismissive to highly negative. Hedge funds are shorting gold aggressively, hedge funds that own gold are being “outed”. The market pundits are are sticking the proverbial knife in and twisting it with glee. Full Story
By: Chris Mullen, Gold-Seeker.com - 3 August, 2015
Gold edged up to $1097.71 in Asia before it dropped back to $1089.48 in London and then bounced back higher in morning New York trade, but it then fell back off again into the close and ended with a loss of 0.81%. Silver slipped to as low as $14.429 and ended with a loss of 1.29%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 3 August, 2015
On Friday New York closed at $1,095.20 up $8.10. The dollar is relatively unchanged at $1.0970, with the dollar Index almost the same at 97.37. This morning the LBMA gold price was set at $1,093 up $12.95. The euro equivalent was €997.31 up €12.22 on Friday. Ahead of New York’s opening, gold was trading in London at $1,092.20 and in the euro at €996.62. Full Story
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