Advertise | Bookmark | Contact Us | E-Mail List |  | Update Page | UraniumSeek.com 

Commentary : Gold Review : Markets : News Wire : Quotes : Silver : Stocks - Main Page 

 GoldSeek.com >> News >> Story  Disclaimer 
 
Latest Headlines

Gold Seeker Closing Report: Gold and Silver Gain with Stocks
By: Chris Mullen, Gold Seeker Report

Ira Epstein's Metals Video 11 15 2018
By: Ira Epstein

Will The Fed Sacrifice Retirement Portfolio Values For The "Common Good"?
By: Daniel R. Amerman, CFA

Here's How We Discovered This Disruptive Gold Stock... Before It Went Public
By: Frank Holmes

GoldSeek Radio Nugget: Rob Kirby and Chris Waltzek
By: radio.GoldSeek.com

Silver: Supported by D.C. and The Deep State
By: Gary Christenson

Blue Sky Uranium Reports over 1% U3O8 and 0.1% V205 in Pit Sampling Adjacent to Ivana Uranium-Vanadium Deposit
By: Blue Sky Uranium Corp.

Gold Oil and Commodities …Back to the Future?
By: Rambus

Investors And Analysts Know Nothing About Gold
By: Avi Gilburt

The New China and Gold
By: Arkadiusz Sieron

 
Search

GoldSeek Web

 
Gold and Silver Market Morning: Dec-28-2015


 -- Published: Monday, 28 December 2015 | Print  | Disqus 

Gold Today –The New York gold price closed Thursday at $1,076.70 up from $1,072.50 up$4.20.  In Asia, prices fell to $1,072.00 but London took it down to $1,071.35 with the dollar index falling to 97.99 down from 98.26. The euro rose to $1.0983 up from $1.0938 on Thursday against the dollar. Ahead of New York’s opening, the gold price was trading at $1,071.70 and in the euro at €977.52. 

 

Silver Today –The silver price in New York closed at $14.36. Ahead of New York’s opening the silver price stood at $14.04.

 

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

 

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

 

Price Drivers

Thursday saw sales from the SPDR gold ETF of 1. 19 tonnes and sales of 0.60 of a tonne from the Gold Trust. The holdings of the SPDR gold ETF are now at 644.749 tonnes and at 153.72 tonnes in the Gold Trust. With sales of this size we are inclined to attribute them to retail sales of speculative positions ahead of the holidays.

 

We do expect there to be dealer adjustments to prices as gold will follow the strengthening euro. But at this time of the year market activity will be thin. It is a good opportunity for larger speculators to jump the market to push it one way or the other as their impact will be proportionately bigger in thin trade.

 

But the market mood has change from the slow downward path to a sideways movement as we see a more positive Technical shape. This shape could go either way still, but a glance across at the strengthening euro indicates direction for gold and silver. Until the market is out of holiday mode we doubt whether too much should be read into price movements.

 

The feeling that we are about to ride into a New Year is heavy in the air. Extrapolating what is happening at the end of 2015, what is becoming palpable is that the ‘lackluster’ 2015 will change to a 2016 with far more hormones [both ways?] bringing volatility, bigger market moves and structural changes. We note that the persistent media optimism about developed world economic prospects has more of a tone of hope than reality. In 2016 we expect events to break through this optimism as structural changes create divisions in the monetary world in 2016. This will apply to gold and silver worlds as they continue to act as monetary metals, ignoring their fundamentals.  Just how long the market participants accept prices that ignore fundamentals remains to be seen, but we expect the earlier part of 2016 to see major changes on this front. We do see structural changes in gold markets and in the monetary world which will directly affect gold and silver prices. . - Subscribe www.goldForecaster.com  [To find protection from confiscation: www.Stockbridgemgmt.com ]

 

Silver The silver price will be moved by dealers to follow the gold price moves. - Subscribe www.SilverForecaster.com       

 

Regards,

 

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

 

Global Gold Price (1 ounce)

 

Today

Yesterday

Franc

Sf1,059.64

Sf1,067.19

US

$1,071.70

$1,073.35

EU

€977.52

€982.61

India

Rs.70,946.54

Rs. 70,330.07

China

Y 6,952.60

Y 7,024.38

 


| Digg This Article
 -- Published: Monday, 28 December 2015 | E-Mail  | Print  | Source: GoldSeek.com

comments powered by Disqus



 



Increase Text SizeDecrease Text SizeE-mail Link of Current PagePrinter Friendly PageReturn to GoldSeek.com

 news.goldseek.com >> Story

E-mail Page  | Print  | Disclaimer 


© 1995 - 2018



GoldSeek.com Supports Kiva.org

© GoldSeek.com, Gold Seek LLC

The content on this site is protected by U.S. and international copyright laws and is the property of GoldSeek.com 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 GoldSeek.com. 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 GoldSeek.com, its affiliates or advertisers. GoldSeek.com 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 GoldSeek.com, is strictly prohibited. In no event shall GoldSeek.com or its affiliates be liable to any person for any decision made or action taken in reliance upon the information provided herein.