LIVE Gold Prices $  | E-Mail Subscriptions | Update GoldSeek | GoldSeek Radio 

Commentary : Gold Review : Markets : News Wire : Quotes : Silver : Stocks - Main Page >> News >> Story  Disclaimer 
Latest Headlines

COT Gold, Silver and US Dollar Index Report - August 23, 2019

Gold Mid-Tiers’ Q2’19 Fundamentals
By: Adam Hamilton, Zeal Research

Trump Floats Payroll & Capital Gains Tax Cues to Forestall Recession
By: Mike Gleason

How’s That Recession Coming, Dave?
By: David Haggith

Precious Metals Update Video: Jackson Hole Powell's Speech in focus today, Gold bias is up
By: Ira Epstein

Seven Key Words That Explain "Stupidly High" Prices
By: Daniel R. Amerman

Gold, Silver, Mining Stocks: Get Ready For A Huge Ride Higher
By: Dave Kranzler

On The Job Training
By: Ted Butler

Precious Metals Update Video: FOMC minutes: What's going on?
By: Ira Epstein

Economist Lays Out the Next Step to Wonderland for the Fed
By: Gary Tanashian


GoldSeek Web

Gold and Silver Market Morning: Feb-19-2016 -- Gold pawing the ground!

 -- Published: Friday, 19 February 2016 | Print  | Disqus 

Gold and Silver Market Morning

Gold Today –Gold closed in New York at $1,236.80 up from Thursday’s $1,208.20. In Asia, it started to slip back and kept slipping in London’s morning until the LBMA set it at $1,221.50 up from $1,204.40 up $17.10 at yesterday’s setting. The dollar index is barely changed at 96.88 after yesterday’s level of 96.85.


The dollar is slightly stronger again, against the euro at $1.1102 up from $1.1116 on Thursday. The gold price in the euro was set at €1,100.25 up from €1,083.48.


Ahead of New York’s opening, the gold price was trading at $1,207.15 then rose to $1,231.70 and in the euro at €1,108.24. 


Silver Today –The silver price stood in Asia at $15.49 up 22 cents at the close in New York.  Ahead of New York’s opening the silver price stood at $15.46.


Gold (very short-term)

The gold price will consolidate ahead of a strong move in New York today.    


Silver (very short-term)

The silver price will consolidate ahead of a strong move in New York today.    


Price Drivers

Thursday saw purchases of 2.677 tonnes into the SPDR gold ETF and a purchase of 1.11 tonnes into the Gold Trust. Physical gold purchases are returning into these two, U.S.-based gold ETFs as gold now consolidates in a pattern promising a strong move shortly. The holdings of the SPDR gold ETF are now at 713.631 tonnes and at 181.50 tonnes in the Gold Trust.


With U.S. investors now firmly on the buy side, gold is ‘pawing the ground’ ready for a strong move. We believe this move will catch most market professionals off-guard and delineate where gold and by extension, silver prices are headed now.


Protect yourself from Gold Confiscation:


Volatility comes most strongly when liquidity levels are low. The 3%+ moves of the gold price both ways in the gold market on COMEX, in the last few days in particular, are clear indications of this. To us this is also a sign that New York’s pricing power is falling. London, where liquidity id higher sees prices move in smaller ranges and it continues to pull prices back or up because of this. But with the large amounts leaving London for Switzerland [for refining into metric measurements] and directly to Asia liquidity is slowly but surely being reduced there too.


Most commentators are ignoring the developments coming in the Chinese gold market that are to start in April. These are structurally important to the gold price.


Silver – The silver price is robust with American investors confident silver will not fall soon.



Julian D.W. Phillips | | StockBridge Management Alliance


About Service:

We focus on keeping our readers on top of the emerging Gold bull market with a global fundamental and technical overview. Members gain access to our comprehensive, weekly report with the latest Gold market news, price analysis, up-to-date portfolio along with coverage of other key markets. Economic and monetary topics are covered as well, along with many other influences that have an impact on the Gold market.


Try a $99 trial subscription and gain immediate access to the latest weekly Gold Forecaster Newsletter!


Global Gold Price (1 ounce)















Rs. 82,644.51


Y 8,031.92

Y 7,867.00



| Digg This Article
 -- Published: Friday, 19 February 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 - 2019 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, Gold Seek LLC, its affiliates or advertisers., Gold Seek LLC 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, Gold Seek LLC, is strictly prohibited. In no event shall, Gold Seek LLC or its affiliates be liable to any person for any decision made or action taken in reliance upon the information provided herein.