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

Fed Day: Mr. Market Meets Mr. Hyde
By: Stewart Thomson

Bear Stearns – A Different Opinion
By: Theodore Butler

Here’s What Inflation Could Look Like in 2020, Based on Past Surges
By: Jeff Clark

Politics And Investing
By: Axel Merk

Does Weiner really know what central bankers think better than they themselves do?
By: Chris Powell

Another look at gold’s true fundamentals
By: Steven Saville

Please Introduce Yourself, Mr. Powell. Gold Awaits You
By: Arkadiusz Sieron

A Glimpse Of Precious Metal Mining’s Future: Hecla Buys Klondex For 59% Premium
By: John Rubino

With Rollback, Dodd-Frank Is Now Officially a Dud
By: Frank Holmes

Eagle Plain’s Partner SSR Mining Commences 18,000m Drill Program at Fisher Gold Project, Saskatchewan
By: Eagle Plains Resources Ltd.


GoldSeek Web

Gold & Silver Market Morning

 -- Published: Friday, 21 March 2014 | Print  | Disqus

Gold Today – The New York gold price closed at $1,327.00 down $2.30 on Thursday in New York. Asia and London lifted it back to $1,338. The gold price was Fixed in London at $1,338.50 up $11.50. In the euro, it Fixed at €970.209 up €7.568 as the dollar weakened slightly to $1.3796 from $1.3760: €1. Ahead of the opening in New York gold stood at $1,340.55 and in the euro at €971.84.

Silver Today – The silver price closed at $20.29 down 28 cents in New York. Ahead of New York’s opening, it was trading at $20.50.

Gold (very short-term)

We expect the gold price to show a stronger bias, today in New York.

Silver (very short-term)

We expect the silver price to reflect show a stronger bias, in New York.

Price Drivers

Yesterday, there were no sales or purchases from or into the SPDR gold ETF. Their respective holdings remain at 812.776 tonnes and 166.14 tonnes. This clearly shows that the Fed’s new interest rate timetable has not affected positive U.S. investor’s views on gold started this year.

As we are now seeing the absence of such sales in the last two days shows the price fall lacked substance so we are seeing the gold and silver prices begin to recover. The financial markets of the world appear to have accepted the Fed’s statement and slowed the process of discounting next year’s interest rate increases. In line with this the dollar has begun to slip again from the last two days of strengthening. Or it could be that outflows of capital from the Treasury market [by foreign sellers of them] are overwhelming the ‘carry trade’s’ inflows. The days ahead will clarify this. Consequently, as the Fed’s announcements are digested we expect the gold and silver prices to resume the path they had before that announcement, upwards.

The appearance of the "Golden Cross", where the 50-day average crosses the 200-day average is an important signal confirming the resumption of the upward trend in gold. This will happen if the gold price holds above $1,300 in the near future. We signaled the turn at the bottom just below $1,200 as a double bottom. But many investors like to wait until they have solid confirmation of the change before they act. We see this as happening soon. Hence, we repeat, this fall remains a good entry point for us. [For more on this, subscribe to and and visit to hold gold out of reach of potential confiscation]

We have an important question for all who read this report. Why do gold owners want to hold their gold outside their country? We believe that such people have not thought this through thoroughly enough and need to look again at this process. We will issue an article looking at just this point soon. With so much gold heading to the far reaches of the world we question whether investors are really achieving the security they think they are.

Silver – The silver price is expected to rise faster than gold in the next few weeks.


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















| Digg This Article
 -- Published: Friday, 21 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 - 2017 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.