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USA GOLD - USA Gold
The Daily Market Report: Gold Consolidates as FOMC Meets
USAGOLD/Peter Grant/07-25-17 Gold is consolidating recent gains as the Fed begins their two-day FOMC meeting. While the Fed is not expected to change policy, there is perhaps some scope for changes to the wording of the statement. Will they make an effort to get September back on the table with a more hawkish tone? Will they concede September and start trying to build expectations for December? My guess is that there is little to no change in the verbiage from June. We’ll find out tomorrow at 2:
Tuesday, July 25, 2017
Julian D. W. Phillips - Gold Forecaster
Gold Market Morning: July-25-2017: Gold consolidating above $1,250
Gold Today–New York closed yesterday at $1,257.20.London opened at $1,253.00 today.Overall the dollar was weaker against global currencies, early today. Before London’s opening:-The $: € was slightly weaker at $1.1654 after yesterday’s$1.1650: €1.-The Dollar index was slightly stronger at 93.97 after yesterday’s 93.94.-The Yen was weaker at 111.25 after yesterday’s 110.76:$1. -The Yuan was almost unchangedat 6.7506after yesterday’s 6.7503: $1. -The Pound Sterling was slightly weaker at $1.3031 a
Tuesday, July 25, 2017
Przemyslaw Radomski CFA - SunshineProfits
Another Turmoil in Trump Administration and Gold
On Friday, Trump’s press secretary Sean Spicer resigned. What does it mean for the gold market? You can say a lot about Trump’s administration, but one thing is certain: it does not run too smoothly – on the contrary, it sees a high rate of staff turnover. As a reminder, as early as in February, National Security Advisor Michael Flynn resigned after he misled administration about his conversations with Russians. Another famous example is James Comey. And more recently, Sean Spicer, the White Hou
Tuesday, July 25, 2017
Sprott Money
Gold: the Mine Reserve Crisis, and Higher Prices - Jeff Nielson
Regular readers of these commentaries are used to reading material which is ahead of its time, in terms of identifying important trends in precious metals and the overall economy. In May 2014 , a Sprott Money article was published titled Evaporating Gold Reserves Signal Dying Sector. Three years ago, that article pointed to the precipitous drop in gold reserves for the senior gold mining companies. For readers unfamiliar with mining fundamentals, in order for gold mining companies to be able
Monday, July 24, 2017
Julian D. W. Phillips - Gold Forecaster
Gold Market Morning: July-24-2017: Gold and silver markets consolidating and rising above $1,250!
Gold Today–New York closed Friday at $1,254.30.London opened at $1,254.00 today.Overall the dollar was weaker against global currencies, early today. Before London’s opening:-The $: € was slightly stronger at $1.1650 after Friday’s$1.1657: €1.-The Dollar index was weaker at 93.93 after Friday’s 94.09.-The Yen was stronger at 110.76 after Friday’s 111.69:$1. -The Yuan was strongerat 6.7503after Friday’s 6.7697: $1. -The Pound Sterling was stronger at $1.3041 after Friday’s $1.3001: £1.Yuan Gold F
Monday, July 24, 2017
Przemyslaw Radomski CFA - SunshineProfits
Is It Worth Investing in Palladium?
Palladium is another element with great importance to the modern economy, but it’s often overshadowed by the other more famous and expensive precious metals. As the chart below shows, palladium has been generally cheaper than platinum – its more expensive substitute in industrial use and jewelry. Chart 1: The palladium to platinum ratio (red line, right axis), the price of palladium (yellow line, left axis, P.M. London Fix, weekly average), and the price of platinum (blue line, left axis, P.M. L
Monday, July 24, 2017
Julian D. W. Phillips - Gold Forecaster
Gold and Silver Market Morning: July 21 2017 - Gold and silver markets continue to climb stronger than we expected!
Gold Today–New York closed yesterday at $1,243.70.London opened at $1,247.00 today.Overall the dollar was much weaker against global currencies, early today. Before London’s opening: -The $: € was much weaker at $1.1657after yesterday’s$1.1532: €1.-The Dollar index was much weaker at 94.09 after yesterday’s 94.77.-The Yen was stronger at 111.69 after yesterday’s 111.94:$1. -The Yuan was weakerat 6.7697after yesterday’s 6.7549: $1. -The Pound Sterling was slightly weaker at $1.3001 after yesterda
Friday, July 21, 2017
Przemyslaw Radomski CFA - SunshineProfits
Gold Rises on Strong Euro
Yesterday, gold hit a three-week high. What does it mean for the precious metals market? The ECB kept its monetary policy unchanged yesterday. And Draghi said that the ECB had made no plans regarding tightening its monetary policy stance. Although he did not give any hints about the bank’s next move, the euro soared, as one can see in the chart below. The probable reason is that although Draghi was not especially hawkish, he didn’t sound too dovish either. And its means that market expectations
Friday, July 21, 2017
Przemyslaw Radomski CFA - SunshineProfits
Trump, Quarles and Gold
Last week, Trump nominated Quarles to the Federal Reserve board. What does it mean for the gold market? The Bank of Japan kept policy unchanged yesterday, so markets were little moved. Investors await now the ECB meeting – the euro appreciated against the U.S. dollar amid the monetary policy statement. If Draghi is less hawkish than expected, the greenback will probably rebound, which could hurt gold. We will analyze the ECB’s decision in the upcoming days – today we would like to cover Trump’s
Thursday, July 20, 2017
Przemyslaw Radomski CFA - SunshineProfits
BOC’s Hike and Gold
Last week, the Bank of Canada raised interest rates. What does it mean for the U.S. dollar and gold? On Wednesday, one week ago, the Bank of Canada increased its target for the overnight rate from 0.50 percent to 0.75 percent. The bank rate and the deposit rate, which create the operating band, were raised to 1 percent and 0.5 percent, correspondingly. As one can see in the chart below, it was the first hike in seven years. Still, the key policy interest rates remain at a very low level. Chart 1
Wednesday, July 19, 2017
Julian D. W. Phillips - Gold Forecaster
Gold and Silver Market Morning: July 19 2017 - Gold and silver markets continue to climb but the pace may slow!
Gold Today–New York closed yesterday at $1,242.10.London opened at $1,239.00 today.Overall the dollar was stronger against global currencies, early today. Before London’s opening: -The $: € was stronger at $1.1532after yesterday’s$1.1559: €1.-The Dollar index was slightly stronger at 94.77 after yesterday’s 94.64.-The Yen was stronger at 111.94 after yesterday’s 112.44:$1. -The Yuan was weakerat 6.7549after yesterday’s 6.7481: $1. -The Pound Sterling was slightly stronger at $1.3033 after yester
Wednesday, July 19, 2017
Stewart Thomson - Graceland Update
Pruning The Golden Tree
Over the past week or so, gold and associated assets have rallied quite nicely. Gold feels quite solid here.The five and ten day moving averages have turned up.The 14,7,7 Stochastics oscillator is also flashing a buy signal and moving higher. The latest COT report was also very positive. While the rally can continue, smart investors book profit systematically into strength and good news. So, I’m adamant that some profit should be booked here.Gold has rallied more than $30 from the $1205 area low. 7.If the rally accelerates, the wise investor books even more profit.If it stalls, investors should get a chance to buy again at lower prices… using some of the market’s money rather than theirs!
Tuesday, July 18, 2017
Przemyslaw Radomski CFA - SunshineProfits
WGC’s June Gold Investor: Gold in Digital World
This month, the World Gold Council (WGC) released a new edition of Gold Investor. What can we learn from the report? The summer issue of the WGC’s Gold Investor contains a few interesting articles. The first one which we would like to cover is an interview with John Reade, the new WGC’s Chief Market Strategist and Head of Research. He believes that aside from the gold-market specific positioning and flow data the most important factors in the gold market are the moves in the U.S. dollar, real in
Tuesday, July 18, 2017
Ronan Manly - Bullion Star
Is the COMEX Rigged?
The COMEX gold futures market and the London OTC gold market have a joint monopoly on setting the international gold price. This is because these two markets generate the largest ‘gold’ trading volumes and have the highest ‘liquidity’. However, this price setting dominance is despite either of these two markets actually trading physical gold bars. Both markets merely trade different forms of derivatives of gold bars. Overall, the COMEX (which is owned by the CME Group) is even more dominant that
Tuesday, July 18, 2017
Julian D. W. Phillips - Gold Forecaster
Gold and Silver Market Morning: July 18 2017 - Gold and silver markets continue to climb!
Gold Today–New York closed yesterday at $1,234.00.London opened at $1,237.00 today.Overall the dollar was much weaker against global currencies, early today. Before London’s opening: -The $: € was much weaker at $1.1559after yesterday’s$1.1457: €1.-The Dollar index was much weaker at 94.64 after yesterday’s 95.21.-The Yen was stronger at 112.14 after yesterday’s 112.44:$1. -The Yuan was much strongerat 6.7481after yesterday’s 6.7704: $1. -The Pound Sterling was weaker at $1.3026 after yesterday’
Tuesday, July 18, 2017
Julian D. W. Phillips - Gold Forecaster
Gold and Silver Market Morning: July 17 2017 - Gold and silver markets are seeing a changed mood for the better!
Gold Today–New York closed yesterday at $1,228.40.London opened at $1,230.00 today.Overall the dollar was weaker against global currencies, early today. Before London’s opening: -The $: € was weaker at $1.1457 after yesterday’s$1.1402: €1.-The Dollar index was weak at 95.21 after Friday’s 95.75.-The Yen was stronger at 112.44 after Friday’s 113.03:$1. -The Yuan was strongerat 6.7704after Friday’s 6.7821: $1. -The Pound Sterling was stronger at $1.30.66 after Friday’s $1.2927: £1.Yuan Gold FixTra
Monday, July 17, 2017
Clive Maund
PRECIOUS METALS SECTOR update - the BIGGEST OPPORTUNITY SINCE LATE 2015, and the LAST CHANCE AT THESE PRICES... 
We’ve had to wait 18 months for an opportunity as big as the one we saw late in 2015 to appear again in the Precious Metals sector. “Wait a minute”, I hear you say, “prices were generally lower back then at that low than they are now, so how can it be as big an opportunity, as leverage is reduced?”. Here are the reasons, one technical, the other fundamental. When prices rose out of the late 2015 low, which was the Head of the Head-and-Shoulders bottom shown to advantage on the 10-year chart for
Sunday, July 16, 2017
Przemyslaw Radomski CFA - SunshineProfits
Should Platinum Be More Expensive Than Gold?
Platinum is one of the rarest elements in the world, much rarer than gold. This is why historically the white metal has been more valuable – just think of platinum credit cards which offer greater privileges and prestige than the gold ones. However, the ‘little silver’ has recently been traded at a discount to gold, as one can see in the chart below. Chart 1: The platinum-to-gold ratio (the price of platinum divided by the price of gold, red line, right axis), the price of gold (yellow line, lef
Sunday, July 16, 2017
Egon von Greyerz - Matterhorn AM
THE GOLD PRICE IS FAKE NEWS
Lethargic summer markets tend to instil a sense of false security. Stocks and property are near all-time highs, interest rates are at 72 year lows and most investors feel richer than ever. Central banks signal strong economies with indications of higher interest rates and tapering of their balance sheets. Central Bank Chief Beheaded As I discussed last week’s article about the Fed, we must never trust central banks since they are always hopelessly wrong. Sweden is another example of a central ba
Saturday, July 15, 2017
USA GOLD - USA Gold
Gold Boosted By Weak U.S. Economic Data
KitcoNews/Jim Wyckoff/07-14-17 Gold prices have popped higher in the immediate aftermath of a downbeat U.S. retail sales report that lands on the side of the U.S. monetary policy doves, who don’t want the Federal Reserve to further raise interest rates any time soon. If the gold market can close at a technically bullish weekly high close today (Friday), such would be an early chart clue that a market bottom is in place. August Comex gold was last up $10.70 an ounce at $1,228.10. September Comex
Friday, July 14, 2017
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