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 While Stocks, Dollar, and Bonds Fall
By: Chris Mullen,

Ira Epstein's Metals Video 6 27 2017
By: Ira Epstein

Gold And Silver: Respect The Bar
By: Stewart Thomson

WHEN THIS MASSIVE BUBBLE POPS… What Will Happen To The Precious Metals?
By: Steve St. Angelo, SRSrocco Report

Larger Degree Pullback Coming, But No Market Top Likely YET
By: Avi Gilburt

Brexit One Year Later, in Five Charts
By: Frank Holmes

Zinc One Exercises Option to Acquire and Consolidate the Bongara Zinc-oxide Project and Charlotte Bongara Zinc-oxide Project
By: Zinc One Resources Inc.

Gold and Silver Market Morning: June 27 2017 - Gold recovers very quickly from dubious sale!
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch

Goldman, Citi Turn Positive On Gold – Despite “Mysterious” Flash Crash
By: GoldCore

Asian Metals Market Update: June-27-2017
By: Chintan Karnani, Insignia Consultants


GoldSeek Web

Gold and Silver Market Morning: Nov-27-2015

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

Gold Today –New York was closed yesterday.  In Asia prices were pulled back to $1,068 as the dollar went stronger again, taking the dollar to 100.08 on the dollar index. The LBMA price setting fixed it at $1,064.65 down from 41,072.50 down $7.85 on yesterday’s LBMA price setting. The dollar is at $1.0590 up from $1.0615 against the euro.  In the euro the fixing was €1,005.43 down from yesterday’s €1,008.81.  Ahead of New York’s opening the gold price was trading at $1,073.00 and in the euro at €1,007.13. 


Silver TodayNew York was closed for Thanksgiving yesterday. Ahead of New York’s opening the silver price stood at $14.10.


Gold (very short-term) The gold price will move relative to the euro in New York today.    


Silver (very short-term) The silver price will move relative to the euro in New York today.


Price Drivers

With the gold price now holding below $1,080, despite attempts to break higher gold is moving lower as the dollar rises in all currencies.


Today sees New York open today, but London is leading the way as it moves the gold price in line with the dollar index and the euro. Today’s jobs report today may well move the dollar strongly if there is no action by the Treasury to prevent that today. This will, in present market conditions send the gold price lower.


The holdings of the two gold ETFs, the SPDR gold ETF and the Gold Trust remain at 655.692 tonnes in the SPDR gold ETF and at 159.52 in the Gold Trust.


It is clear that with the E.C.B.’ implied moves soon to weaken the euro that there is a ‘currency war’ underway. Until now the U.S. has been quiet as it watched both the Yen and the euro weaken heavily against it. The euro has fallen from a peak of $1.40 and the yen from 76 against the dollar to 122.5 against the dollar.  Now the E.C.B. is making further moves to weaken the euro still further. If this has not been agreed with the U.S. then we expect retaliation by the U.S. Treasury even if it simply to weaken the dollar. If it fails to do that the damage to the U.S. recovery will be significant as it loses competitiveness internationally, weakening exports and inciting more imports, both of which will hurt the U.S. economy.


To us it is clear that the Chinese need to weaken the Yuan as it should not have climbed as the dollar has. No doubt if the Yuan weakens there will be howls of ‘currency manipulation’, even though there has been silence about exactly the same in Japan and the Eurozone. - Subscribe  [See a site where protection from confiscation is offered: ]


Silver Silver is tracking gold carefully today. - Subscribe       




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


Global Gold Price (1 ounce)















Rs. 71,429.61


Y 6,815.74

Y 6,856.15


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