Advertise | Bookmark | Contact Us | E-Mail List |  | Update Page | 

Commentary : Gold Review : Markets : News Wire : Quotes : Silver : Stocks - Main Page >> News >> Story  Disclaimer 
Latest Headlines

Gold Seeker Weekly Wrap-Up: Gold and Silver Fall Less Than 1% on the Week
By: Chris Mullen, Gold Seeker Report

The Yield Curve Flattens And Bank Stocks Plunge. Here’s The Connection – And The Prediction
By: John Rubino

COT Gold, Silver and US Dollar Index Report - December 14, 2018

Gold in the Short, Medium, and Long Term
By: David Brady, CFA

Gerald Celente: Central Banks Can’t Stop a 2019 Debt Disaster
By: Mike Gleason

Gold-Stock Triple Breakout
By: Adam Hamilton, CPA

Trump Need’s NOPEC, not OPEC
By: Marin Katusa

Crash alert!
By: Bill Holter

US National Debt Spiraling Out of Control, New Record Coming!
By: David Morgan

GoldSeek Radio Nugget: Gerald Celente and Chris Waltzek


GoldSeek Web

Gold & Silver Market Morning: January 15, 2014

 -- Published: Thursday, 16 January 2014 | Print  | Disqus 

Gold Today –On Wednesday the gold price in New York fell to close at $1,240.6 down$2.80 with Asia lifting it $1 higher. The dollar barely changed at $1.3624: €1 ahead of London’s opening. Today, gold’s movements are a reflection of currency moves only. In London the gold price was Fixed at $1,237,25 down $0.75 on yesterday. In the euro it, Fixed at 908.607 up €0.50. Ahead of the opening in New York gold stood at $1,238.15 and in the euro at €909.33. The dollar stood at $1.3615:  €1

Silver Today –The silver price edged down to $20.15 down 4 cents in New York yesterday with Asia holding it there before London’s opening. Ahead of New York’s opening, it was trading at $20.00.


Gold (very short-term)


The gold price will have a narrow trading range ahead of a strong move, in New York today.

Silver (very short-term)


The silver price will have a narrow trading range ahead of a strong move, in New York today.



Price Drivers

Yesterday saw no sales from the SPDR gold ETF but the Gold Trust gold ETF saw sales of 0.46 of a tonne, leaving their respective holdings at 789.556 and 161.37 tonnes respectively.


The gold price is now in a very tight trading range ahead of a strong move either way. The question to ask is, “Has enough work been done to break overhead resistance down?”


[Find out more from and to subscribe to our newsletters and visit to hold gold so it can’t be seized]  


We have pointed to global economic situations becoming “mercurial” in time. We caught a glimpse of why, yesterday. The I.M.F. has warned of deflation coming this year. This is a nightmare for governments because it is far more difficult to control than inflation. Deflation, however, has been a constant threat since the credit crunch and insufficient growth and recovery has been seen to dismiss such fears. On the other hand should solid growth be tempered by rising interest rates, so many markets [housing, fixed interest rate markets, etc] will be badly damaged! Huge tsunamis of capital will flow back to the developed world driving down exchange rates in countries that love gold. China’s now $1.3 trillion of Treasuries will lose value. The potential damage is now far bigger than ever contemplated before.


In either growth or deflation huge dangers lie. The ability to control which way it goes has diminished rather like trying to hold mercury down and still. That’s why governments want inflation to rise, but once that starts up again it too will be very difficult to control, without bringing on the other dangers.


It is in such an environment going forward that we look at the gold price and find it increasingly difficult to make a case for much lower prices.


Silver – The silver price is waiting for gold to give it direction.



Julian D.W. Phillips for the Gold & Silver Forecasters


Global Gold Price (1 ounce)

















| Digg This Article
 -- Published: Thursday, 16 January 2014 | E-Mail  | Print  | Source:

comments powered by Disqus


Increase Text SizeDecrease Text SizeE-mail Link of Current PagePrinter Friendly PageReturn to >> Story

E-mail Page  | Print  | Disclaimer 

© 1995 - 2019 Supports

©, Gold Seek LLC

The content on this site is protected by U.S. and international copyright laws and is the property of and/or the providers of the content under license. By "content" we mean any information, mode of expression, or other materials and services found on This includes editorials, news, our writings, graphics, and any and all other features found on the site. Please contact us for any further information.

Live GoldSeek Visitor Map | Disclaimer


The views contained here may not represent the views of, Gold Seek LLC, its affiliates or advertisers., Gold Seek LLC makes no representation, warranty or guarantee as to the accuracy or completeness of the information (including news, editorials, prices, statistics, analyses and the like) provided through its service. Any copying, reproduction and/or redistribution of any of the documents, data, content or materials contained on or within this website, without the express written consent of, Gold Seek LLC, is strictly prohibited. In no event shall, Gold Seek LLC or its affiliates be liable to any person for any decision made or action taken in reliance upon the information provided herein.