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 Fall Roughly 1% on the Week
By: Chris Mullen, Gold Seeker Report

Ira Epstein's Metals Video 3 16 2018
By: Ira Epstein

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

“Bankruptcy 1995” Revisited
By: James Turk

The egregious errors of static statistics
By: Alasdair Macleod

Gold Miners’ Q4’17 Fundamentals
By: Adam Hamilton, CPA

The Race to Repatriate Gold Reserves Accelerates
By: Nathan McDonald

Is the Economic Summer Coming?
By: Arkadiusz Sieron

Triggers And March Trigger Impending
By: Deepcaster

GoldSeek Radio Nugget: Gerald Celente and Chris Waltzek


GoldSeek Web

Gold & Silver Market Morning: Sept-16-2015

 -- Published: Wednesday, 16 September 2015 | Print  | Disqus 

16th September 2015


Gold Today –New York closed with the gold price at $1,105.50 down $3.20. Gold then rose in Asia to $1,107.7. In the euro this was €980.05 up €0.39.  This morning the dollar index started the day at 95.59 slightly higher than the 95.22 of yesterday. The LBMA gold price was set at $1,109.75 up $4.25 from yesterday. The euro equivalent was €988.60 up by €11.60. Ahead of New York’s opening gold was trading at $1,108.90 and in the euro at €988.10. 


Silver TodayThe silver price closed at $14.43 down 1 cent on yesterday in New York. Ahead of New York’s opening silver was trading at $14.56.


Gold (very short-term)

The gold price is soon to have a strong move either way, in New York.    


Silver (very short-term)

The silver price is soon to have a strong move either way, in New York.


Price Drivers

The entire financial world remains on hold for the Fed’s statement on Thursday with speculation ramping up in the media. Why the hype? It is not just a rate hike in itself. The levels of debt throughout the world have never been this high, they dwarf anything we have seen in history. For instance some believe that the U.S. car market loans are in a bubble, with loans being dished out to even those that cannot afford them. Individual and corporate debt, let alone central bank debt will be immediately impacted even with a small rate hike. Even a small rate hike will change the world’s attitude to debt and cause a detrimental impact on all financial markets.


Gold and silver prices remain barely moving, waiting for the starter’s gun. The question is, “Which way will they run?” Likewise, there were no dealings in the SPDR gold ETF or the Gold Trust. This again leaves the holdings of the SPDR gold ETF at 678.183 tonnes and 159.90 tonnes in the Gold Trust.


The media remains riveted to slowing growth in China. We are prompted to point out that the government there has informed all that growth will slow as attention turns from building infrastructure to building up the consuming middle classes. With retail sales figures in July growing over 11% [Is there any other nation reaching such levels?]  the middle classes are growing, confirming success in this change of direction. For gold and silver investors these are the important numbers as these are the people fuelling the enormous gold demand we are seeing in the numbers coming out of the Shanghai Stock Exchange. To this end we are issuing an article “The Yuan Gold Fix is imminent!” in our newsletter - Subscribe


 [See a site where protection is offered for gold owners: ]


Silver– Silver is going to mark time with gold until Thursday or Friday. This newsletter will also carry the article.




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


Global Gold Price (1 ounce)















Rs. 73,395.24


Y 7,064.64

Y 7,076.56


| Digg This Article
 -- Published: Wednesday, 16 September 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 - 2017 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.