Brexit uncertainty deepens as UK government in disarray BOE warns of earlier and larger rate hikes for Brexit-hit UK UK property prices fall second month in row, London property under pressure No deal Brexit estimated to cost UK £80bn according to government analysis Transition period causing major uncertainty for UK and pound Pound expected to fall as Brexit fears remain into 2018 Full Story
The current volatility in global stock markets should pitch for a very strong case of the need to invest in physical gold to everyone. Gold is the only safe haven. The rest of them can be junk. Once again the debate between paper investment and safe havens. Gold as a safe haven is intended to safe guard against current global investment shocks. Full Story
By: Chris Mullen, Gold Seeker Report - 8 February, 2018
Gold dropped $8 to $1307.30 in London before it bounced back to $1316.90 at about 9:30AM EST and then fell back to $1312.70 in the next hour of trade, but it then climbed to a new session high of $1321.90 by early afternoon and ended with a gain of 0.14%. Silver rose to as high as $16.467 and ended with a gain of 0.31%. Full Story
China gold production falls by 9% to 420.5t in 2017 Chinese gold demand rose 4% to 953.3t in same period China is largest producer and accounts for 15% of global gold production China does not export gold. Increasing foreign gold acquisitions to meet demand Global gold production flat 3,269t in 17 from 3,263t in 16, smallest increase since 08 Peak Gold is here: supply set to fall gradually while global demand remains robust Full Story
By: Chris Mullen, Gold Seeker Report - 7 February, 2018
Gold gained $10.60 to $1332.30 in Asia, but it then fell back off in London and New York and ended near its midafternoon low of $1311.90 with a loss of 0.48%. Silver climbed up to $16.775 before it dropped back to $16.297 and then bounced back higher in late trade, but it still ended with a loss of 1.63%. Full Story
Bitcoin falls from $20,000 to below $6,000 and bounces back to $8000 Top 50 crypto currencies lost over 50% of value in 24 hours Over $60 billion wiped off entire crypto currency market in 24 hours Markets concerned about increased regulation, manipulation and country-wide bans Growing global unease about risks virtual currencies pose to investors and financial system SEC Full Story
By: Chris Mullen, Gold Seeker Report - 6 February, 2018
Gold gained $9.70 to $1346.00 in early Asian trade and held most of those gains into London, but it then fell back off for most of trade in New York and ended near its late session low of $1320.20 with a loss of 1.09%. Silver slipped to as low as $16.589 and ended with a loss of 0.6%. Full Story
Gold gains 0.6% in USD and surges 1.7% in euros and pounds European stocks fall more than 3% at the open after sharp falls in Asia DJIA falls 1,175 points, SPX 500 down 4.1% and Nikkei plummets 4.7% Gold rises from $1,330 to $1,342, £942 to £960 and 1,067 to 1,085 /oz Bitcoin crashes another 10% and has now plummeted by 70% to below $6,000 Increased risk aversion will drive safe haven demand for gold as its hedging properties are appreciated again Full Story
This is the reason why I prefer everyone to invest in physical gold in small percentages. The value of your stock investment can fall fifty percent under a rout. I do not think gold prices will fall fifty percent under any price crashes in the next few years. There may be times when gold investment returns may not cover real inflation. Safe haven asset classes have very low returns with almost zero chances of capital erosion. Full Story
By: Chris Mullen, Gold Seeker Report - 5 February, 2018
Gold gained $6.80 to $1338.60 in London before it drifted back towards unchanged in New York, but it then jumped to a new session high of $1341.50 in the last hour of trade and ended with a gain of 0.34%. Silver rose to as high as $16.904 and ended with a gain of 0.6%. Full Story
Shrinkflation continues to take hold across UK, Ireland and US for sixth year running Shrinkflation sees consumers gets less product, but at the same or increased price 2,500 products have shrunk according to Office of National Statistics in UK Reported inflation is between 1.7% and 3% but actually much higher Shrinkflation is financial fraud, unreported inflation in stealth mode Gold is hedging inflation and shrinkflation Full Story
The big question is if has gold topped out for the short term. Traders are expecting a March interest rate hike by the Federal Reserve after nonfarm payrolls. My 2018 analysis is based on four interest rate hikes this year. I expect gold price to rise despite four interest rate hikes by the Federal Reserve. Only the pace of rise and pace of fall will not be as per trader expectation. Asian gold demand will be the key today. If there is lackluster Asian gold demand today, then gold can see more price correction. Full Story
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