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: Wednesday, 28 January 2015 | Print  | Disqus 

Gold Today –New York closed at $1,294.70 up $14.30. In Asia gold slipped to $1,289. The Fix saw the gold price set at $1,287.00 up $8.00 and in the euro, at €1,131.926 down €1.035, while the euro was ¾ of a cent stronger at $1.1137. Ahead of New York’s opening gold was trading in London better, at $1,290.3 and in the euro at €1,135.43.


Silver Today – The silver price closed at $18.09, up 20 cents. Ahead of New York’s opening it was trading uncertainly at $18.00.


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

There were purchases of 9.259 tonnes into the SPDR gold ETF but a sale of 0.30 of a tonne from the Gold Trust on Tuesday. The holdings of the SPDR gold ETF are at 752.697 and at 167.54 tonnes in the Gold Trust. Again, a strong, seemingly institutional purchase, in the U.S. yesterday, appears to have been the cause of the gold price rise overnight. The economic news out of the US was not good as a drop in durable sales and the awareness that the low oil price is hitting the main cause of the rise in U.S. employment as the ‘fracking’ oil industry is having to pull back. Add to this the downturn in the global economy and the prospects of an interest rate rise at the half year, this year appears slight. Some have pushed out this prospect to 2016.


The gyrations of the euro and dollar are impacting the gold price too up in one and barely changed in the other. We note that Asia is not chasing prices but buying below $1,300, which is why the rise has slowed over the last few days.


Germany needs a weak euro to stay competitive globally Greece can’t pay its debt and has to hold its elected position. If Greece were a corporation, an individual or a Municipality, court protection from creditors would spring into action. This is missing among Eurozone member states. So the somewhat Neanderthal fight between debtor and creditors has to take place. If the borrower was unable to handle its debt, why was it lent so much? Where this responsibility is apportioned will decide the outcome of Greece’s debt position, but the battle will be bruising. Whether it is a partial write-off, a lowering of interest rates, or an extension of maturities, or all at once, we are certain that a compromise will be reached now. Perhaps it was this realization that caused the euro to recover so strongly up now to $1,1354 up from below $1.12. [Subscribe to &]. 


The Netherlands has denied that it bought over 9 tonnes of gold last month. If it were true, then you will hear a great deal more from us on this subject.


Silver– The silver price is looking for direction from gold now but inclined to fall quickly while the gold price is below $1,300.




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


Global Gold Price (1 ounce)















Rs. 78,659.81


| Digg This Article
 -- Published: Wednesday, 28 January 2015 | 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.