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

Technical Scoop - Weekend Update October 15 2018
By: David Chapman

Gold Market Update - the 7-year bearmarket phase is over...
By: Clive Maund

Beach Time
By: Larry LaBorde

Don’t Follow Fake News Or Fake Analysts In Metals
By: Avi Gilburt

Consider This Your Final Warning About Gold, For Bulls And Bears Alike
By: Avi Gilburt

GoldSeek Radio: Joseph Grosso, Axel Merk and Brian McEwen, and Chris Waltzek

Fascism Perfect Antidote: The Gold Standard
By: Jim Willie CB

Red Hot China Mailbag
By: John Mauldin

Has “It” Finally Arrived?
By: Chris Martenson

Last Week Was Just A Taste Of The Coming Gold Short Squeeze
By: John Rubino


GoldSeek Web

Gold & Silver Market Morning

 -- Published: Friday, 27 March 2015 | Print  | Disqus 

Gold Today –New York closed at $1,203.40 up $7.80. Asia held it there before London opened, where it slipped to $1,107.00 ahead of the LBMA Gold price where it was set at $1,198 down $11.40 but higher than the market was trading before the price was set. The euro equivalent stood at €1,106.54 up €6.89. Ahead of New York’s opening, gold was trading in London at $1,200.40 and in the euro at €1,106.36.


Silver Today – The silver price closed at $17.05 up 8 cents. Ahead of New York’s opening it was trading at $17.07.


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


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


Price Drivers

There were sales of 5.97 tonnes of gold from the SPDR gold ETF but nothing from or to the Gold Trust on Thursday. The holdings of the SPDR gold ETF are at 737.237 tonnes and at 164.71 tonnes in the Gold Trust.  This sale did pull New York back, but back to support. Asia added to the fall, so now on the busiest day of the week we wait to see if support will hold. As we said yesterday, “If the gold price holds above $1,200 it is support, once again. The next two days will see if it holds.”


The dollar is starting to recover taking the dollar index back to 97.67 up from 96.43 while the euro is slipping standing now $1.0827 down from $1.1013 yesterday. The dollar is looking toppy so we do expect it to slip back or consolidate at current levels. This leaves the gold and silver prices, once again embroiled in currency moves. However, just in case you haven’t factored this in, the gold price in the euro is now well above support at over 11,106. The overview is therefore that all currencies are now slipping against the dollar once more, but this may not last for long as the dollar does look vulnerable. Any more rises in the dollar will be firmly against the interests of the U.S. as implied by the Fed and clearly followed through on by the Treasury.


 Subscribe through & ]


Gold in currencies other than the dollar have done very much better than in the dollar. In the dollar, gold has moved away from its lows and regained a point where, if support holds, it can move strongly higher. But in other currencies that have weakened against the dollar gold is seeing good gains. Demand from nations other than the U.S. [which is a small long-term player and consumer of gold] is rising as gold is recovering well.


What is surprising is that the Yuan is stronger than the dollar at 6.20 up from 6.24: $1. We cannot see this lasting as it is in China’s interest to see the Yuan weaker.


Silver– The silver price has a firm base but once again is waiting for gold to lead the way.




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


Global Gold Price (1 ounce)















Rs. 75,716.23


| Digg This Article
 -- Published: Friday, 27 March 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.