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

GoldSeek Radio Nugget: Ralph Acampora and Chris Waltzek

Checking Gold Stocks Valuations
By: Jordan Roy-Byrne CMT, MFTA

One Year after QT Started, Gold Still Unmoved
By: Arkadiusz Sieron

Falling Stocks Reflect a Darkening Reality
By: Rick Ackerman

Gold Reserves Surge 1,000% In Hungary As It Joins Poland, Russia, China and Other Central Banks Buying Gold
By: GoldCore

Gold Seeker Closing Report: Gold Gains While Stocks Fall Markedly
By: Chris Mullen, Gold Seeker Report

Ira Epstein's Metals Video 10 18 2018
By: Ira Epstein

The Incredibly Bullish Set-Up for Gold
By: Michael Ballanger

End of the World – Part One
By: Gary Christenson

The Weighted Average Cost Of Capital
By: Adam Taggart


GoldSeek Web

Gold & Silver Market Morning

 -- Published: Tuesday, 25 March 2014 | Print  | Disqus

Gold Today – The New York gold price closed at $1,309.50 down $23.40 on Monday in New York. Asia and London lifted it to $1,315. The gold price was Fixed in London at $1,314.75 down $7.75. In the euro, it Fixed at €951.821 down €8.516 as the dollar stood at $1.3813 down from $1.3766: €1. Ahead of the opening in New York gold stood at $1,316.00 and in the euro at €952.69.

Silver Today – The silver price closed at $19.98 down 31 cents in New York. Ahead of New York’s opening, it was trading at $20.17.

Gold (very short-term)

We expect the gold price to find its bottom soon, in New York.

Silver (very short-term)

We expect the silver price to find its bottom soon, in New York.

Price Drivers

We are getting reports that up to $70 billion could be withdrawn from Russia in the near future as investors react to the decaying state of relations over the Ukraine. At this point we have to try to draw a line between political posturing and the start of a financial ‘war’. We feel that that point will be when Russia imposes Capital/Exchange Controls to prevent the outflow of this capital. From that point on we could expect a ‘tit-for-tat’ process of financially destructive actions to begin. At that point we enter ‘extreme times’ and a developed world turning to gold for protection. If we do not see such controls imposed, Russia will already see its financial markets suffer badly as liquidity dries up, but there will be no ‘financial war’. It will take a very long time before capital returns to Russia, so it must decide on the value of allowing capital to leave the country against preventing its departure.

On Monday, we saw a purchase of 4.495 tonnes into the SPDR gold ETF but none into the Gold Trust. Their respective holdings are now at 821.467 tonnes and 166.14 tonnes. This is the second business day in a row that we have seen a purchase of over 4 tonnes. We are surprised by this and read it as an institutional investment in the face of deteriorating political global conditions as the impression is given that the confrontation between Russia and the West is going to worsen.

The fall in the gold price, in the face of the above, was surprising but consistent with a correction, after a change in trend in the gold price. To us it now appears overdone. The fundamentals for gold remain strong but in the last week Chinese demand has sagged as the Yuan continues to fall against the dollar. We do not think this fall is anything but short-term. Even in a flowing tide we sometimes see a wave pull back further than others, before it flows again. It looks like this pullback is one of those. As we said yesterday, we cannot say where it will bottom out, but we continue to say that we feel gold has resumed the uptrend and will turn soon. [For more on this, subscribe to and and visit to hold gold out of reach of potential confiscation]

Silver – The silver price is expected to rise faster and fall further as is its established pattern now.


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















| Digg This Article
 -- Published: Tuesday, 25 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.