By: Chris Mullen, Gold-Seeker.com - 5 September, 2014
Gold jumped up to $1270.35 after the release of this morning’s jobs report before it drifted back lower in late morning trade, but it still ended with a gain of 0.47%. Silver spiked up to $19.163 before it dropped back to $19.04, but it then bounced back higher in afternoon trade and ended with a gain of 0.63%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 5 September, 2014
The gold price closed at $1,262.90 down $7.10 on Thursday in New York. In Asia and London, gold prices were slightly higher at $1,264. The gold price was Fixed at $1,264.00 down $7.00 and in the euro at €975.685 up €8.998 while the euro was very weak [2 cents] at $1.2955. Ahead of New York’s opening, gold was trading at $1,264.90 and in the euro at €976.26. Full Story
Every once in a while a new idea blasts onto the scene out of nowhere - typically it is at first met with suspicion and distrust. If it has merit, it can start to become disruptive and awkward for incumbents, let's call them the “Safe Guys”. Safety and security are heralded as reasons why the new idea should be ignored. Full Story
Summary: Global currencies are rapidly declining in purchasing power. An overview of the secrets behind the international banking system, follows. The greenback will be replaced by a North American currency, modeled after the Euro, termed the Amero (American-Euro). Contingency plans are required to survive and prosper, including gold and silver assets, as well as basic necessities as paper money reaches it's intrinsic value: $0, as foretold by Voltaire 300 years earlier. Although gold investors will survive the impending economic maelstrom, most of society will be forced into financial bondage. Full Story
By: Chris Mullen, Gold-Seeker.com - 4 September, 2014
Gold jumped up to $1276.70 at about 9:20AM EST, but it then fell back off for most of the rest of trade and ended with a loss of 0.56%. Silver slipped to as low as $19.03 and ended with a loss of 0.73%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 4 September, 2014
The gold price closed at $1,270.00 up $4.80 on Wednesday in New York. In Asia and London, gold prices were slightly higher at $1,272.40. The gold price was Fixed at $1,271 up $2.50 and in the euro at €966.687 up €1.02, while the euro was slightly stronger at $1.3148. Ahead of New York’s opening, gold was trading at $1,272.50 and in the euro at €968.49. Full Story
As the Governing Council of the European Central Bank (ECB) convenes today in Frankfurt for its monthly policy meeting, markets are focusing on how the ECB will signal the initiation of its quantitative easing (QE) programme which is aimed at countering deflationary forces in the Eurozone. Full Story
By: Chris Mullen, Gold-Seeker.com - 3 September, 2014
Gold fell $3.60 to $1261.60 in late Asian trade before it bounced back to $1271.25 in London and then drifted back to roughly unchanged at about 10AM EST, but it then edged back higher into the close and ended with a gain of 0.38%. Silver climbed to $19.252 before it fell back to $19.119, but it still ended with a gain of 0.31%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 3 September, 2014
The gold price closed at $1,265.20 down$22.10 on Tuesday in New York. In Asia and London, gold prices were slightly higher at $1,268.40. The gold price was Fixed at $1,268.5 down $9.25 and in the euro at €965.667 down €13.727, while the euro was weaker at $1.3136. Ahead of New York’s opening, gold was trading at $1,268.20 and in the euro at €964.04. Full Story
Sterling fell sharply yesterday as traders became nervous of a possible vote for Scottish independence. The referendum on Scottish independence from the United Kingdom takes place on Thursday 18th September. While the referendum and the potential impact of an independent Scotland have been on the horizon for some time, the approaching vote in two weeks is causing upheaval for the British pound in currency markets, and also more general macro uncertainty in the regional economic and monetary system. Full Story
US factory orders and Federal Reserve beige book are the US economic data releases. Lower crude oil prices should result in upbeat prospects of US economy by the Federal Reserve. Traders are looking forward to fresh round of trade sanctions on Russia which can be imposed anytime. Russia in isolation will be short term bullish for the greenback and a long term crash for the US dollar. Full Story
By: Chris Mullen, Gold-Seeker.com - 2 September, 2014
Gold dropped $24.54 to as low as $1262.76 by midmorning in New York before it bounced back higher at times, but it still ended with a loss of 1.72%. Silver slipped to as low as $19.093 and ended with a loss of 1.64%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 2 September, 2014
The gold price closed at $1,287.30 down $2.00 on Friday in New York. In Asia and London, gold prices were lower in both the dollar and the euro at $1,275. The gold price was Fixed at $1,277.75 down $9.50 and in the euro at €974.42 down €4.924, while the euro was weaker at $1.3113. Ahead of New York’s opening, gold was trading at $1,270.60 and in the euro at €968.85. Full Story
While there would obviously be some data issues in collecting gold holdings data from periods such as the 1970s and 1980s, more importantly, there was a very limited choice of accessible gold vehicles and the futures markets were in their infancy. It was only since the early 2000s that the choice of gold vehicles, and therefore high quality holdings information, became available. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 1 September, 2014
The gold price closed at $1,287.30 down $2.00 on Friday in New York. In Asia and London, gold prices were slightly higher in both the dollar and the euro at $1,288. The gold price was Fixed at $1,287.25 down $4.75 and in the euro at €979.344 down €1.599, while the euro was weaker at $1.3144. Ahead of New York’s opening, gold was trading at $1,287.60 and in the euro at €980.17. Full Story
The palladium price made a new 13 year high today and reached $909/oz, its highest since February 2001. Markets fear that the global supply of palladium could be impacted by the threat of further sanctions against Russia. Full Story
China’s manufacturing PMI expanding at a slower pace than expected implies a continued period of slower growth. Slower Chinese growth will imply low demand for gold and silver. Wholesale demand for gold and silver will rise in September in India while retail demand for gold and silver in India will rise from the last week of September for a month. Traders will be looking forward to US August nonfarm payrolls for an early direction on an interest rate hike. Full Story
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