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 Gain Nearly 1% and 2% on the Week
By: Chris Mullen, Gold Seeker Report

Ira Epstein's Metals Video 11 16 2018
By: Ira Epstein

Silver Slumps, US Military Weak, and PTJ Says We Are headed For Scary Moments
By: David Morgan

Slowly We Turn... Gold vs.
By: Gary Tanashian

COT Gold, Silver and US Dollar Index Report - November 16, 2018

GE, Nvidia, Nordstrom, Bitcoin All Tank, And The Fed Notices
By: John Rubino

Years of Recklessly Low Interest Rates Causes Inflation to Soar
By: Nathan McDonald

Gold Miners’ Q3’18 Fundamentals
By: Adam Hamilton, CPA

GoldSeek Radio Nugget: Bill Murphy and Chris Waltzek

Is Gold Under or Overpriced?
By: Arkadiusz Sieron


GoldSeek Web

Gold & Silver Market Morning

 -- Published: Friday, 28 August 2015 | Print  | Disqus 

Gold Today –On Thursday New York closed at $1,124.30 up $0.20. The dollar was stronger at $1.1246 at the close up from $1.1335, against the euro, with the dollar Index stronger at 95.76 up from 95.19 yesterday. This morning the LBMA gold price was set at $1,125.50 down $3.00. The euro equivalent was €997.61 down €1.42. Ahead of New York’s opening, gold was trading at $1,127.55 and in the euro at €998.51. 


Silver Today – The silver price closed at $14.45 up 27 cents over Thursday’s close in New York. Ahead of New York’s opening today it was trading at $14.45.


Gold (very short-term) The gold price will consolidate with a slightly stronger bias today in New York.    


Silver (very short-term) The silver price will consolidate with a stronger bias today in New York.


Price Drivers

The financial markets across the world are recovering this morning. We are fully aware that valuations remain higher than they should be in developed world markets and the elements that caused the volatility and sudden falls, remain in position.  This implies that we have not seen the end of such volatility and perhaps we could see worse in the future. The volatility of this week has damaged confidence in financial markets and this will be remembered for some time. Markets have not reacted in a ‘reasoned way’ but essentially were the victims of traders driving prices down setting off panic across the world. They are not efficient markets anymore!


What was most disturbing was the weakness of the dollar, then its recovery. Such market volatility is not expected in the world’s most important currencies. The three fingers pointing back from the finger pointing at China’s devaluation highlight that the dollar and euro swung much more in the last week than has the Chinese Yuan.  The brutality of these moves makes a mockery of buying and selling of items priced in these currencies.


It would now be reasonable to title these times as ‘extreme’.


As September approaches we see European holidays coming to an end. The Europeans tend to go on holiday at the same time, for the entire month of August. In India, it is close to harvest time and the reaping of profits from a reasonable Monsoon. With eyes on the festive season on both sides of the world, we are close to the beginning of the ‘gold season’ now.  - Subscribe  [See our new gold buying, transferring and storing operation: ]


There were purchases of 1.49 tonnes into the SPDR gold ETF but none into the Gold Trust yesterday. This leaves the holdings of the SPDR gold ETF at 682.595 tonnes and 162.07 tonnes in the Gold Trust


Silver– Silver is turning positive now. Subscribe         




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


Global Gold Price (1 ounce)















Rs. 74,336.88


Y 7,205.04

Y 7,215.38


| Digg This Article
 -- Published: Friday, 28 August 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.