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

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

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

GoldSeek.com to Launch New Website
By: GoldSeek.com

Is Gold Price Action Warning Of Imminent Monetary Collapse Part 2?
By: Hubert Moolman

Gold and Silver Are Just Getting Started
By: Frank Holmes, US Funds

Silver Makes High Wave Candle at Target – Here’s What to Expect…
By: Clive Maund

Gold Blows Through Upside Resistance - The Chase Is On
By: Avi Gilburt

U.S. Mint To Reduce Gold & Silver Eagle Production Over The Next 12-18 Months
By: Steve St. Angelo, SRSrocco Report

Gold's sharp rise throws Financial Times into an erroneous sulk
By: Chris Powell, GATA

Precious Metals Update Video: Gold's unusual strength
By: Ira Epstein

Asian Metals Market Update: July-29-2020
By: Chintan Karnani, Insignia Consultants

Gold's rise is a 'mystery' because journalism always fails to pursue it
By: Chris Powell, GATA

 
Search

GoldSeek Web

 
Gold and Silver Market Morning: March-31-2016 -- Gold and Silver consolidating at the end of the Dollar Bull Market!


 -- Published: Thursday, 31 March 2016 | Print  | Disqus 

Gold Today –Gold closed in New York at $1,225.00 down from $1,241.30 on Wednesday. On Thursday morning in Asia, it rose to $1,235. London pulled it back to see the LBMA price setting at $1,233.60 down from $1,238.30 yesterday.

 

The dollar index fell to 94.51 down from 95.84 yesterday. The dollar is weaker against the euro at $1.1380 after yesterday’s $1.1330.

 

The gold price in the euro was set at €1,085.39 down from €1,092.94 on Wednesday.

 

Ahead of New York’s opening, the gold price was trading at $1,235.85 and in the euro at €1,085.98. 

 

Silver Today –The silver price closed in New York at $15.22 down 11 cents on Wednesday. Ahead of New York’s opening the silver price stood at $15.40.

 

Gold (very short-term)

The gold price will continue to recover in dollar terms, in New York today.    

 

Silver (very short-term)

The silver price will continue to recover in dollar terms, in New York today.    

 

Price Drivers

The Fed – End of the Dollar Bull Market With gold now consolidating at current levels, the comments by Janet Yellen continue to impact global markets with equity markets surging and dollar continuing to slip against all currencies.

 

Please note, we were the first to call an end to the dollar ‘bull’ market.

 

This view is now spreading with Janet Yellen’s comments of concern on the global economy and the strong dollar confirming the ‘official’ view. The U.S. Treasury is silent, even though it is in their department, because we believe, that with the audience the Fed has in the media, the message was given full force when she gave it. It’s the end of the dollar’s bull market, because the Fed and the Treasury want that to be so.

 

The Fed is telling us all that the U.S. and its dollar cannot walk its own road with the rest of the world following. It’s very much a part of the global economy and will not tolerate other nations devaluing against it. This underpins the gold price and neutralizes the so called reverse link between the dollar and gold.

 

This now allows investors to look at the future prospects of markets with a clear eye and look at gold. They will see peaks in equity markets soon, as these rise on factors other than prospective growth. We are in a world where growth is expected to plateau or fall as equity market rises are caused by monetary factors, not genuine growth prospects. This makes them susceptible to volatility and uncertainty.

 

We are hearing more and more institutions considering gold and silver as alternatives to equities and other investments. Protect yourself from Gold Confiscation: www.Stockbridgemgmt.com

 

 

Gold ETFs For the second time in a long time we saw sales of 1.189 tonnes of gold from the SPDR gold ETF but none from the Gold Trust, yesterday. This leaves their holdings at 819.282 and 185.88 tonnes in the SPDR & Gold Trust respectively. These sales did not move the gold price, but may have acted as a restraint on the rebound.

 

 

Silver – The silver price remains locked onto gold’s moves and rose slightly yesterday, but promises more rises shortly.

 

 

Regards,

Julian D.W. Phillips

GoldForecaster.com | SilverForecaster.com | StockBridge Management Alliance

 

About GoldForecaster.com 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)

 

Today

One week ago

Franc

Sf1,187.34

Sf1,188.63

US

$1,235.85

$1,234.75

EU

€1,085.98

€1,090.00

India

Rs.81,881.24

Rs. 81,959.62

China

Y 7,982.48

Y 7,998.59

 

 


| Digg This Article
 -- Published: Thursday, 31 March 2016 | 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 - 2019



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


Map

The views contained here may not represent the views of GoldSeek.com, Gold Seek LLC, its affiliates or advertisers. GoldSeek.com, 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 GoldSeek.com, Gold Seek LLC, is strictly prohibited. In no event shall GoldSeek.com, 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.