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 and Silver Market Morning: Jan-19-2016

 -- Published: Tuesday, 19 January 2016 | Print  | Disqus 

Gold Today –The New York gold price closed Monday at $1,089.10 the same as Friday. In Asia on Monday, it was held at the same level as it was in London until it was set by the LBMA at $1,087.00 down from $1,090.45 with the dollar index higher at 99.21 up from 99.03 on Monday. The euro was down at $1.0867 from $1.0891 against the dollar. The gold price in the euro was set at €1,000.28 down from €1,001.24. Ahead of New York’s opening, the gold price was trading at $1,087.45 and in the euro at €1,000.69. 


Silver Today –The silver price in New York closed at $14.00 up 10 cents at Monday’s close.  Ahead of New York’s opening on Monday, the silver price stood at $14.03.


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


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


Price Drivers

The gold price has held at the same level this week barely moving either way. This behavior normally precedes a strong move either way. At the same time currency markets have also quietened down. The oil price has held at the $28 level despite fears that it would plunge to $25. We are seeing a broad acceptance that in 2016 currencies will be volatile, particularly those in the emerging world. Again, we repeat this is not tied to economic performance but to solely financial/ currency/ debt factors. It is the slowing of global growth that is making the monetary world more vulnerable.


Many feel that the 6.9% GDP growth in China is better than expected and also feel that China’s demand will help the rest of the world avoid further value collapses. We note that China is developing its economy to be able to do what the rest of the world does, as well and cheaper. So to the contrary, over time, the development of China will cost the developed world dearly, as it outperforms the developed world.


The IMF has cut its global growth target from 3.6% to 3.4% pointing to recession in Brazil, falling oil prices and a too strong dollar. Last year the global economy is estimated to have grown 3.1% the worst performance since 2009. U.S. growth will fall to 2.6% down from 2.8% in the I.M.F.’s last estimate. -  More in  [To find protection from confiscation: ]


Monday saw no purchases or sales from either the SPDR gold ETF or the Gold Trust. The holdings of the SPDR gold ETF are now at 657.924 tonnes and at 161.46 tonnes in the Gold Trust.  This is consistent with an immobile gold price. The gold market is waiting for the delicate balance of gold demand and supply on COMEX [not the rest of the world which remains unconnected with the U.S. gold market] to be disturbed.


Silver The silver price has decided that gold is about to rise and jumped from below $14 to its current level. Hopefully this week will see a clear direction given for silver and for gold. - Subscribe       




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


Global Gold Price (1 ounce)















Rs. 73,782.10


Y 7,153.68

Y 7,184.19


| Digg This Article
 -- Published: Tuesday, 19 January 2016 | 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.