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 Weekly Wrap-Up: Gold and Silver Find Slight Gains on the Week
By: Chris Mullen, Gold Seeker Report

Ira Epstein's Metals Video 10 19 2018
By: Ira Epstein

COT Gold, Silver and US Dollar Index Report - October 19, 2018

Gold Is Becoming Cool Again
By: John Rubino

Inflection Point for Gold
By: David Brady, CFA

Gold-Stock Sentiment Shifting
By: Adam Hamilton, CPA

Gold’s Official Price is $42, and maybe that’s a Good Thing
By: JP Koning

GoldSeek Radio Nugget: Ralph Acampora and Chris Waltzek

Is Your Portfolio Ready for the Greatest Demographic Shift in History?
By: Marin Katusa

Is Bitcoin Ever A Buy-And-Hold?
By: Avi Gilburt


GoldSeek Web

Gold & Silver Market Morning

 -- Published: Tuesday, 21 April 2015 | Print  | Disqus 

Gold Today –New York closed at $1,195.90 down $8.60 on Monday in NY. Asia held it there then London started to lift it ahead of the LBMA Gold Price. The LBMA Gold price was set at $1,197.70 down $5.55. The euro equivalent stood at €1,120.29 up €1.46 against a weaker $: € rate of $1.0689 against yesterday’s $1.0753. Ahead of New York’s opening, gold was trading lower in London at $1,198.70 and in the euro at €1,122.22.


Silver Today – The silver price closed at $15.99 down 27 cents on Monday. Ahead of New York’s opening it was trading at $16.07.


Gold (very short-term) The gold price will continue to consolidate, then make a strong move either way, in New York today.


Silver (very short-term) The silver price will continue to consolidate, then make a strong move either way, in New York today.


Price Drivers

The moves in the gold price were again dominated by dealers moving prices around with the moves in currencies. They are rising in the euro and down in a stronger dollar where the dollar index now stands at 98.24 up from yesterday’s 97.52. These moves are part of the consolidation pattern we are experiencing. What is different is the fact that gold is not moving with the euro or the dollar but still reflecting the value of the currencies independently. This particular consolidation is a long one and will continue to be so until a major monetary event happens. There are several of these that we are all aware of but they have yet to come to fruition. We have no doubt they will happen soon with several happening in 2015. The trouble is they will catch the bond, equity and housing markets by surprise. Markets like to cling onto a positive outlook and ignore negative signs until they become realities. For instance, the Fed is very worried that no matter what they say, once they start to raise interest rates, markets will become neurotic and discount much higher rates. This has the potential to burst several bubbles that are already looking vulnerable.


As we have said for nearly a week now the trading ranges of the gold price have become very tight ahead of a strong move either way.  With strong Asian demand being seen, without chasing prices up, there appears to be little downside risk. But if a monetary event is seen, the upside potential is very large. The question is, “When will this happen?” We don’t know but have prepared our own positions ready for when they happen, because we may miss a good part of future moves if we wait too long.


There were sales of 0.04 of a tonnes of gold from the SPDR gold E.T.F. but no change in the Gold Trust on Monday. The holdings of the SPDR gold ETF are at 739.065 tonnes and at 165.28 tonnes in the Gold Trust.                                      Subscribe


Silver– Silver’s price will always be more vulnerable than gold to big moves. It is the nature of a smaller market with less liquidity and a more professional investor class. But it will continue to have a far greater upside potential alongside a greater downside potential than gold. It has completely different monetary characteristics and yet continues to be treated as a monetary metal riveted to moves in the gold price.   Subscribe ]




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


Global Gold Price (1 ounce)















Rs. 75,373.07


| Digg This Article
 -- Published: Tuesday, 21 April 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.