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 to Launch New Website

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


GoldSeek Web

Gold and Silver Market Morning: April-12-2016 -- Its about to happen!

 -- Published: Tuesday, 12 April 2016 | Print  | Disqus 

Gold TodayGold closed in New York at $1,256.10 up from $1,247.25 on Monday. On Tuesday morning in Asia, it jumped to $1,259. London took it up to $1,260 to see the LBMA price setting at $1,259.20 up from $1,247.25 on Monday.


The dollar index is lower at 93.85 down from 94.22 Monday. The dollar is weaker against the euro at $1.1419 up from $1.1391 on yesterday.


The gold price in the euro was set at €1,102.72 up from €1,095.23 Monday.


Ahead of New York’s opening, the gold price was trading at $1,261.65 and in the euro at €1,106.90. 


Silver Today –The silver price closed in New York at $15.90 up from $15.34 on Monday. Ahead of New York’s opening the silver price stood at $16.12.


Gold (very short-term)

The gold price will rise, in New York today.    


Silver (very short-term)

The silver price will continue to rise faster than gold, in New York today.    


Price Drivers

And so we have broken through overhead resistance, so where next? Our newsletters give you our precise views, so now is the time to subscribe.


Surprisingly, the rise was not driven by U.S. ETF shares buying, but prompted by dollar weakness which now continues across the currency board. Against the euro $1.15 appears to be an initial target.


Once again most investors appear to be surprised and expect a rally in the dollar. Many rely on the potential two interest rate hikes expected this year [despite the possibility of no interest rate hikes this year] to take the dollar higher in the belief this will give value to the dollar. Those in the ‘carry’ trade may well disagree strongly with this. After all when you look at the peak in the dollar of 100 and at current levels, what benefit in getting an annual extra half a percent if you lose 8% of your capital at least?


Exchange rates are key to the financial world this year, as the dollar retreats from hegemony into one of five key global currencies in a multi currency system. Of these the Yuan has the advantage, as it is starting off with only a small presence but one that is set to rise to profound significance in the year and years to come. This rise will be at the expense of the dollar and the euro primarily. The Fed fully understands this.


It is the change in the composition of central bank currency reserves that will ruffle the feathers of global financial markets in the future. This has not been factored into these markets even now.


Gold and silver will surprise everyone this year!

Protect yourself from Gold Confiscation:


Gold ETFs - We saw no sales or purchases into or from the SPDR gold ETF but a purchase of 0.48 of a tonne into the old Trust on Monday. This leaves their holdings at 817.813 and 187.74 tonnes in the SPDR & Gold Trust respectively. 


Silver – The silver price is running full pelt ahead of gold and should continue to do so as gold rises.



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. 82,912.58


Y 8,074.17

Y 8,074.17


| Digg This Article
 -- Published: Tuesday, 12 April 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.