By: Chris Mullen, Gold Seeker Report - 29 December, 2017
Gold gained $13 to $1307.50 in early afternoon New York trade before it drifted back lower into the close, but it still ended with a gain of 0.67%. Silver rose to as high as $17.097 and ended with a gain of 0.65%. Full Story
– Two years since bail-in rules officially entered EU regulations – EU bail-in rules have wiped out billions for savers and and businesses, with more at risk – Future of many failing banks now rests on depositors who may no longer be protected by deposit insurance – Physical gold enables savers to stay out of banking system and reduce exposure to bail-ins – For more listen to our Goldnomics Podcast: What does 2018 have in store for financial markets? Full Story
– World equity index market capitalization touching distance of $100 trillion dollars at beginning of December – Key indicators across global financial markets are looking decidedly bubble-like – Little indication that we are through the worst of the financial crisis that started in 2007 – Apparent lack of concern regarding the over-heated and overpriced markets – Since financial crisis gold has climbed nearly 124% in EUR, 190% in GBP and 98% in USD – Goldcore’s latest podcast covers gold’s role in 2018 in the land of bubbles Full Story
Direction of the US dollar will be the key. US dollar Index is on the verge of a technical breakdown. Gold, copper and silver are on the verge of a technical breakout. People are going to flock back to gold and silver investing once they fall off the cliff of crypto currency trading. Do not write off gold and silver. Full Story
With the year quickly coming to a close, it might be time to start thinking about rebalancing the gold holdings in your portfolio. That includes bullion, jewelry, gold stocks and well-managed gold funds—all of which I recommend giving a collective 10 percent weighting. Because it’s been such a strong year for stocks—they’ve advanced more than 20 percent as of today—it’s likely that most investors will need to add to their gold exposure to meet that 10 percent weighting as we head into 2018. Full Story
– Futurist guide to 2028 shows a world of uncertainty and disruption – One scenario suggests cybersecurity attacks will result in bitcoin and blockchain’s dominance of financial systems – Cybersecurity threat will still loom large and wreak havoc. Gold, silver and other real assets will benefit. – Adoption of cryptocurrencies and blockchain will send gold price soaring Full Story
Again, my intention is to provide you a road map for impending market action based upon what I am seeing in the market at the time of my writing this article, and I am using the GDX as my proxy for the metals market. But, overall, I am looking for a very bullish 2018 in the metals complex once we complete this 2nd wave pullback. Full Story
February Gold has now climbed nearly $50 since turning on December 12 from within an inch of a 1237.40 correction target I’d flagged well in advance. The futures were trading a few points below 1290 on Tuesday, but they will need to leap past 1321.00 to imply that buyers are serious. That would generate a bullish impulse leg on the DAILY chart. Full Story
Higher crude oil prices will become a headache for emerging markets currencies and bonds. I am of the view that the lower base prices for nymex crude oil will be at $60 (for 2018) with chances of $86 by July 2018 a very high possibility. Worst case downside risk for crude oil at the moment is at $48 for next year with upside at infinity. Gold always rises in an inflationary environment. Crude oil related inflation can derail fiscal management in Asian nations (including India and Indonesia) with chances of bond market outflows. Full Story
Frank Capra’s 1946 film It’s A Wonderful Life is one that many families will be settling down to watch this Christmas weekend. A story that is ultimately about a suicidal man is one of the most watched holiday films of all time. Interestingly it wasn’t all that big a hit upon its release (despite garnering five Academy Award nominations) and was disliked by some of the highest intelligence authorities and political thinkers. Full Story
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