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

The Good News For Gold
By: Stewart Thomson

We Need a Free Market in Interest Rates
By: Keith Weiner

US and Global Market Internals
By: Gary Tanashian

Will Gold Prices Soar after March 2019?
By: Arkadiusz Sieron

The Post Bubble Contraction Thesis Receives Validation (Part III)
By: Plunger

Whose Trillion is it Anyway?
By: Andy Sutton and Graham Mehl

The Best Time to Prepare Is While the Bull Runs
By: Frank Holmes

Gold Set to Soar Above $1,300 – Goldman and Bank of America
By: GoldCore

Asian Metals Market Update: Sep 25 2018
By: Chintan Karnani, Insignia Consultants

Ira Epstein's Metals Video 9 24 2018
By: Ira Epstein


GoldSeek Web

Gold & Silver Market Morning

 -- Published: Wednesday, 12 March 2014 | Print  | Disqus

Gold Today – The New York gold price closed at $1,347.00 up $7.10 cents on Tuesday in New York. Asia made it jump $10 ahead of London’s opening to $1,360. The gold price was Fixed in London at $1,355.75 up $7.75. In the euro, it Fixed at €977.469 up €3.903 as the dollar stood at $1.3870 slightly weaker. Ahead of the opening in New York gold stood at $1,359.00 and in the euro at €979.60.

Silver Today – Again, the silver price closed at $20.81 unchanged in New York. Ahead of New York’s opening, it was trading at $20.95.

Gold (very short-term)

If gold can hold its overnight gains it will go stronger, today in New York.

Silver (very short-term)

Silver will move ahead if gold does, today in New York.

Price Drivers

The gold and silver markets may well come to life today if gold can hold above $1,355. After many days of New York setting the price pace, last night Asia kicked into action taking the gold price up $10 in their early afternoon. London pulled it back only slightly. We warned of the strong move yesterday and today may well see its direction confirmed. While it may appear that gold has moved easily up above $1,300, it has battled all the way, moving up in increments of a few dollars on each move, holding there as it firmed its position before moving higher again. There seems to be little volatility to the moves, more a steady strong rise, taking out resistance each step of the way. It is a flowing tidal move upwards.

The dollar remains at yesterday’s level, as do other currencies, so we see this is a strictly gold and silver play, not linked to currency moves.

There were no purchases or sales into the SPDR gold ETF [GLD] or into the Gold Trust, on Tuesday, which left their respective holdings at 812.696 tonnes and 165.14 tonnes. Any day we see purchases or no sales is positive for the gold price.

The one day strike in India yesterday was well attended as the gold industry there objected to government duties and restrictions on gold and silver imports. We expect the Finance Minister to make a statement and perhaps change these restrictions in the budget, due out at the end of March, ahead of elections. If he does, then a major new element of demand will be unleashed on the global market already rising because of high demand.

Readers of this report are already aware that the gold and silver markets have changed from an ebbing to a flowing pair of markets. For those favoring shares over holding gold bullion we have produced an article on what we feel is the overriding factor in deciding which shares to buy. [For the big picture of factors affecting the gold & silver prices, subscribe to and and visit to hold gold out of reach of potential confiscation]

Silver – The silver price continues to ride in tandem with gold and both seem ready to accelerate.


Julian D.W. Phillips for the Gold & Silver Forecasters Global Gold Price (1 ounce)















| Digg This Article
 -- Published: Wednesday, 12 March 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 - 2018 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, its affiliates or advertisers. 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, is strictly prohibited. In no event shall or its affiliates be liable to any person for any decision made or action taken in reliance upon the information provided herein.