By: Chris Mullen, Gold-Seeker.com - 28 October, 2016
Gold dipped $6.51 to $1262.59 by a little before 9AM EST before it jumped up to $1284.07 in early afternoon trade and then chopped back lower into the close, but it still ended with a gain of 0.46%. Silver rose to as high as $17.881 and ended with a gain of 0.79%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 28 October, 2016
Take a look at the last three days of Shanghai gold Fixings. Allow for the different qualities of gold being priced and you see Shanghai holding higher than New York and London. And this is in the face of heavy sales of physical gold from the U.S. We need to watch this pattern and see if there are more ‘bear raids’ to come? Full Story
The US election is just two weeks away on November 8th, and one of Hillary Clinton’s most vocal critics on the business side is finance commentator and monetary expert Jim Rickards. Jim is in Sydney this week, armed with his latest book, hot off the press entitled ‘The Road to Ruin – The Global Elites’ Secret Plan for the Next Financial Crisis’ and gave an interesting television interview to ‘The Business’ on ABC Australia. Full Story
The implications are bullish for the USD as the next strong resistance is very close to the 100 level. Yesterday’s performance of precious metals was weak – gold, silver and miners declined despite a move lower in the USD in terms of closing prices. What’s even more important, the intra-day decline in the USD didn’t trigger a rally in PMs. This suggests that precious metals and mining stocks may be preparing for a move lower, not higher in the coming days and weeks. Full Story
- Silver and other prices increase exponentially. - Silver prices are currently, relative to the SPX, quite low. - A “reset” is coming sometime … It seems likely that silver will be reset much higher in both price and purchasing power. - Hyperinflation is an insane response but may be used by the financial and political elite for their purposes. The same is true for nuclear war.
By: Chris Waltzek, GoldSeek Radio - 26 October, 2016
- Byron King of Jim Rickards Gold Speculator and Agora Financial predicted the explosive PMs rally of 2016 months in advance. - The recent selloff could soon reach capitulation levels, presenting unique value opportunities in gold and silver investments. - Byron King outlines one of his favorite PMs exploration firms, Brazil Resources, calling it, "The most underpriced company in the Gold Speculator's portfolio." - Our guest visits the properties, meets the geologists and top executives like CEO Amir Adnani who runs Brazil Resources as well as Uranium Energy Corp. Brazil Resources earned a strategic advantage by transforming properties with potential into highly sought after projects by leading mining companies. - Once Fed policymakers raise rates in Dec., expect the economic reverberations to be intense, including sharp declines in US equities indexes. - Just as gold / silver money backing as instrumental to the nascent economic growth and stability; sound money will once again be in vogue. - The work of global central bankers will be forced to return to a gold backed currency. Full Story
By: Julian D. W. Phillips, Gold Forecaster - 26 October, 2016
In India, gold, once bought tends to stay in the family and passed from generation to generation. In India, families are not deterred by government requirements or taxes on gold because if the government demands accountability investors buy smuggled gold with cash and refuse to comply with what they see as a corrupt government.
In China, memories of hyper-inflation and the revolution are present, alongside recent memories of poverty. The stock exchange is more like a casino in their eyes and property has become too speculative and overpriced, so gold remains the safe investment, more so as the Yuan declines. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 25 October, 2016
Demand from China remains strong as we see above, with another higher price level in Shanghai. New York tries to hold back prices but is begrudgingly being pulled higher by Shanghai and in the face of heavy SPDR sales, the day before yesterday. So is it a strong dollar or a weak Yuan? Certainly the People’s Bank of China is taking advantage of the dollar’s strength to weaken the Yuan, seemingly, without it being accused of currency manipulation. Full Story
“Unlike paper currency, coins or other assets, gold has maintained its value throughout the ages.” Jill Kerby, personal finance expert and Mark O’Byrne, Research Director of GoldCore were interviewed by Sinead Desmond of ‘Ireland AM’ on TV3 this morning about the “value of gold” as a store of wealth and financial insurance in our “electronic age”. Full Story
Trade very carefully. I believe silver should rise over twenty percent by next Diwali. Gold’s rises for the next year will be dependent on the ability to break and trade over $1400 with $1132 as the key support for 2017. Crude oil should rise to $63 and $82 in the next year. As long as crude oil trades over $36 downside risk will be limited for crude oil in the next year. Natural gas despite fundamental bearishness looks attractive. Full Story
By: Chris Mullen, Gold-Seeker.com - 24 October, 2016
Gold dipped $4.84 to $1262.36 by about 8AM EST before it jumped up to $1271.76 in the next hour and a half of trade and then fell to a new session low of $1260.88 by late morning, but it then bounced back higher into the close and ended with a loss of just 0.23%. Silver rose to as high as $17.876 and ended with a gain of 0.29%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 24 October, 2016
Demand in China is strong, as expressed in Yuan prices in Shanghai. This will pull gold into China from London. Only the People’s Bank of China buys ‘London Good Delivery’ [0.995 quality.]. Switzerland re-refines London’s gold into higher quality [0.9999], half a percent better quality. We expect a resumption of the flow of the highest quality gold into the Far East, that’s both China and India. Full Story
The Telegraph’s Ambrose Evans Pritchard reports that “the risk of a US recession next year is rising fast” and that “the Federal Reserve has no margin for error”. AEP is quite well connected and very well informed on such matters and hence the need to consider what he is saying and more importantly prepare: “Liquidity is suddenly drying up. Early warning indicators from US ‘flow of funds’ data point to an incipent squeeze, the long-feared capitulation after five successive quarters of declining corporate profits. Full Story
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