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 and Silver Gain with Stocks
By: Chris Mullen, Gold Seeker Report

Ira Epstein's Metals Video 11 15 2018
By: Ira Epstein

Will The Fed Sacrifice Retirement Portfolio Values For The "Common Good"?
By: Daniel R. Amerman, CFA

Here's How We Discovered This Disruptive Gold Stock... Before It Went Public
By: Frank Holmes

GoldSeek Radio Nugget: Rob Kirby and Chris Waltzek

Silver: Supported by D.C. and The Deep State
By: Gary Christenson

Blue Sky Uranium Reports over 1% U3O8 and 0.1% V205 in Pit Sampling Adjacent to Ivana Uranium-Vanadium Deposit
By: Blue Sky Uranium Corp.

Gold Oil and Commodities …Back to the Future?
By: Rambus

Investors And Analysts Know Nothing About Gold
By: Avi Gilburt

The New China and Gold
By: Arkadiusz Sieron


GoldSeek Web

Gold & Silver Market Morning

 -- Published: Thursday, 18 December 2014 | Print  | Disqus 

Gold Today –New York closed at $1,188.90 down $7.40 before Asia took it up to $1,199 again. The euro rose slightly to $1.2296 down almost 2 cents.  In London gold rose strongly and the gold Fixing was set at $1,210.75 up $11.75 and in the euro, at €982.034 up €19.677 while the euro was 1.3 cents weaker at $1.2329. Ahead of New York’s opening gold was trading in London at $1,209.60 and in the euro at €980.86.


Silver Today – The silver price rose to $15.77 up 3 cents, in New York. Ahead of New York’s opening it was trading at $16.20.


Gold (very short-term) The gold price will consolidate, in New York, today.


Silver (very short-term) The silver price will consolidate, in New York today.


Price Drivers

The Fed did remove ‘considerable time’ from its statement indicating that two more meetings must be held before the raising of interest rates in the States. Immediately the dollar rose again, taking the dollar index to nearly 90. The euro slumped below $1.23, the bottom of its trading range. The Chinese Yuan, the Pound Sterling alongside other emerging economy’s currencies weakened too. [The Ruble, after central bank intervention recovered to 60 from 72 against the dollar].


We are watching to see if the Treasury steps in to halt the rise of the dollar. A strong dollar going forward is not in the interests of the U.S. We note that little was said by the Fed Chairman about the global economy influencing the U.S. economy. We also got the impression that the Fed does not think oil prices will be held down for long, calling it a ‘transitory’ situation. But the U.S. economy is gaining traction, with wages expected to start rising more vigorously in 2015 taking non-oil inflation closer to the Fed’s target. Nevertheless, when we step back to look at the ‘big’ picture, the global monetary system is being shaken both by oil and its decline and the divergence of the U.S. economy from the rest of the world economy. This is gold positive.


While U.S. markets are trying [unsuccessfully] to push gold down, the bulk of the global gold market is preventing gold from falling, as we see today, again. If gold were going to react to the U.S. economy or interest rates, the fall in the gold price yesterday would have held and taken gold down today. Instead, gold recovered in Asia to around $1,210 again. This confirms the comments we made yesterday on Asia exerting a growing influence on the gold price and the power of traders and speculators diminishing over time. Gold can fall again, but when it does we expect to see Asian demand force it up again.


There were no changes in the holdings of the SPDR gold ETF or the Gold Trust yesterday. The holdings of the SPDR gold ETF are at 721.564 and at 161.44 tonnes in the Gold Trust.  [Subscribe to &]


Silver– The silver price is still heavily oversold, but will follow gold in the future, we feel.


Kind Regards,


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


Global Gold Price (1 ounce)















Rs. 76,217.13


| Digg This Article
 -- Published: Thursday, 18 December 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.