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

Ira Epstein's Metals Video 3 19 2018
By: Ira Epstein

GoldSeek Radio: Gerald Celente and Wolf Richter, and Chris Waltzek

SWOT Analysis: Tightened Supplies Could Be Good for Copper
By: Frank Holmes

Technical Scoop - Weekend Update Mar 19
By: David Chapman

Larry Kudlow Toes Wall Street’s Anti-Gold Company Line
By: Clint Siegner

The Wealth Machine That Rising Interest Rates Create And The Conflict With The National Debt (Part 2)
By: Daniel R. Amerman, CFA

2018 Reversal Dates for Gold, Silver and Gold Stocks
By: Przemyslaw Radomski, CFA

Standing Ready to Lease Gold
By: Keith Weiner

Is The U.S. Economy Really Growing?
By: Peter Cook, CFA


GoldSeek Web

Gold & Silver Market Morning

 -- Published: Thursday, 14 August 2014 | Print  | Disqus

Gold Today – The gold price closed at $1,311.60 up $2.10 on Wednesday in New York. In Asia, gold prices rose slightly to $1,312 ahead of the opening in London.  The gold price was Fixed at $1,315.00 up $4.00 and in the euro at €981.856 up €1.438, while the euro was stronger at $1.3393. Ahead of New York’s opening, gold was trading at $1,315.40 and in the euro at €983.48.


Silver Today – The silver price closed in New York at $19.84 down 20 cents. Ahead of New York’s opening it was trading at $19.93.


Gold (very short-term) We expect a positive bias in gold as we wait for a strong move either way, in New York today.


Silver (very short-term) We expect silver to wait for gold to give direction, in New York today.


Price Drivers

There were no sales or purchases into or from the SPDR gold ETF or the Gold Trust on Tuesday. The holdings of the gold ETFs stand at 795.859 tonnes in the SPDR gold ETF and at 165.93 tonnes, in the Gold Trust. 


The gold price continues to do what we forecast but we note a strong bias upwards now as it pushes against overhead resistance. The strong move can happen anytime, but don’t be surprised if we have to wait until September. Will the issue of a ‘mercy’ convoy’ trigger an event to send precious metals higher? Will the bad news from France and Germany’s economies do it? We must wait and see. [Subscribe www.GoldForecaster.comensure your gold will not be confiscated and you not penalized -see ].


The news out of France is that its economy showed 0% growth in the second quarter of this year. The German economy contracted by 0.2% during this period. We cannot blame the ‘Putin’ factor yet as these have yet to kick in. The Mediterranean members of the E.U. showed some growth as their Tourist season came in, in the middle of this quarter and will run through to the final quarter of the year, but then will shrink back again as winter arrives. The uncertainty over economic performance, in the strong northern part of the E.U., is worrisome and ‘gold positive’ as deflation threatens now. And still E.U. governments are either unwilling or unable to promote growth. Even gas supplies from Russia to the E.U. are threatened and likely to cause further strife in these economies. Will we see a new energy crisis there?


While mining equities are not gold but gold mining corporations, they are benefitting from the favorable U.S. climate for equities, alongside a positive attitude to gold. We expect this to continues in the months ahead.


Silver– Today sees the start of the new style Silver Fixing based on a ‘more transparent process’. We will wait for the first Fixing before we comment. []




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


Global Gold Price (1 ounce)















Rs. 80,177.77


| Digg This Article
 -- Published: Thursday, 14 August 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.