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: Bill Murphy and Chris Waltzek

Markets Have Gone “Thelma and Louise”
By: Gary Christenson

Debt Cycles and Gold
By: Arkadiusz Sieron

Global Trade War Fears See Precious Metals Gain And Stocks Fall
By: GoldCore

Gold Seeker Closing Report: Gold and Silver Pare Yesterday’s Gains; Dow Drops 700+
By: Chris Mullen, Gold Seeker Report

SSR Mining begins drilling at Eagle Plains (TSX-V: EPL) Fisher Gold Property
By: Nicholas LePan,

Worried About Rising Rates? I Believe this Strategy Could Be the Answer
By: Frank Holmes

Is It The Trade War Threats Or Extreme Overvaluation?
By: Dave Kranzler

GoldSeek Radio Nugget: Peter Schiff and Chris Waltzek

When Is Three Better for Gold Than Four?
By: Arkadiusz Sieron


GoldSeek Web

Gold & Silver Market Morning: June 20, 2014

 -- Published: Friday, 20 June 2014 | Print  | Disqus 

Gold Today – The gold price closed at $1,318.20 up $34.20 on Thursday in New York. In Asia prices pulled back slightly to $1,307. In London, the Fix was set at $1,310.00 up $28.00 and in the euro at €962.958 up €22.731, while the euro stood stronger than yesterday at $1.3604. Ahead of the opening in New York the gold price was trading at $1,311.10 and in the euro at €964.01.


Silver Today – The silver price closed at $19.84 up 12 cents, in New York. Ahead of New York’s opening, silver was trading at $20.73.


Gold (very short-term)


Gold should continue to rise, in New York today.


Silver (very short-term)


We expect silver to continue to rise with gold, in New York today.


Price Drivers

There were no sales or purchases from the SPDR gold ETF in the U.S. on Thursday, or from or into the Gold Trust. The holdings of the gold ETFs stand at 782.884 tonnes in the SPDR gold ETF and at 163.20 tonnes, in the Gold Trust.


The underlying current of demand has been joined by speculative buying as the Technical picture has jumped to the positive upside. Gold and silver are looking good!


In 1973 the oil price jumped from $8 a barrel to $35 a barrel while gold jumped from $42 an ounce to over $120 an ounce. We do not see a direct link over the years between the two. What we do see is a moving up together in times of, not only political crisis, but monetary crisis. In those days the dollar was suspect and continued so until Volker forced interest rates up to 26% in the mid 1980’. We are moving back into days of tremendous uncertainty as the ripples from the sectarian violence spread through the financial markets of the world. Today, we see the dollar weakening against most currencies, despite the vigorous use of swaps to try to stabilize the forex market to prevent ‘brutal’ moves. With tremendously low interest rates capital flows in the financial world will be heavier and more frequent and exchange rates more volatile. Gold is the beneficiary, as you can see today. If we are right it is clear that we have broken out of the gold price doldrums of the last year or so.


We have detailed the positive demand factors in our Gold Forecaster newsletter for a long time now and these have led to balanced markets, easily influenced by any new demand factor as we, again, highlighted recently. We are now seeing just what a heavy impact on gold and silver prices such new factors can have on such a balanced market. This daily report gives only a superficial view of our views, which you should reinforce with the full picture in our newsletters.  [Subscribe - see to protect yourself from penalties from holding your gold overseas when it is to be confiscated].


Silver – Silver is running to the next resistance level now. []



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

Global Gold Price (1 ounce)

















| Digg This Article
 -- Published: Friday, 20 June 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.