Chart usGOLD   Chart usSILVER  
 
Food for thought
A billion here, a billion there, and pretty soon you're talking real money
Everett McKinley Dirksen  
Search for :
LATEST NEWS  :
MINING STOCKS  :
Subscribe
Write Us
Add to Google
Search on Ebay :
PRECIOUS METALS (US $)
Gold 1231.500.04
Silver 17.200.02
Platinum 1250.501.50
Palladium 781.255.45
WORLD MARKETS
DOWJONES 16678210
NASDAQ 445370
NIKKEI 15292153
ASX 539929
CAC 40 4139-19
DAX 9018-30
HUI 1850
XAU 760
CURRENCIES (€)
AUS $ 1.4409
CAN $ 1.4189
US $ 1.2650
GBP (£) 0.7888
Sw Fr 1.2060
YEN 136.8250
CURRENCIES ($)
AUS $ 1.1396
CAN $ 1.1216
Euro 0.7905
GBP (£) 0.6236
Sw Fr 0.9533
YEN 108.1630
RATIOS & INDEXES
Gold / Silver71.60
Gold / Oil15.18
Dowjones / Gold13.54
COMMODITIES
Copper 3.060.01
WTI Oil 81.14-0.61
Nat. Gas 3.60-0.02
Market Indices
Metal Prices
RSS
Precious Metals
Graph Generator
Statistics by Country
Statistics by Metals
Advertise on 24hGold
Projects on Google Earth
Gold & Silver Market Morning
Published : January 25th, 2013
446 words - Reading time : 1 - 1 minutes
( 1 vote, 4/5 ) Print article
 
    Comments    
Tweet



Gold Today – In New York the gold price pulled back to $1,685.60. In Asia the gold price eased further right through London’s morning to Fix at stood at $1,677.00 down $15. The euro was stronger at €1: $1.3330 in London. Gold then Fixed at €1,258.065 down €10. Ahead of New York’s opening, gold was $1,678.45 and in the euro at €1,267.32. The gold price is almost static in the euro.

Silver Today – Silver closed strong in New York at $32.25 but in London it traded down to $31.90 almost the same as New York’s close. Ahead of New York’s opening silver stood at $31.86.

Gold (very short-term)

We expect volatility and maybe both ways in the gold market, in New York today.

Silver (very short-term)

We expect volatility and maybe both ways in the silver market, in New York today.

Price Drivers

Gold & Silver – The U.S. job market has yet to show the “substantial” gains Bernanke said he wants to see before halting asset purchases. With unemployment holding at 7.8% or higher since January 2009, while Bernanke held the main interest rate near zero and expanded the Fed’s assets to a record $2.97 trillion. Meanwhile, all 19 Federal Open Market Committee participants see no immediate threat from inflation, now at 1.4%. Consequently the concocted hype that Q.E. will end shortly flies in the face of the Fed’s ongoing policy. What is of new significance to us is that the ex-Bundesbank President, Axel Weber [now head of UBS the Swiss Bank] is warning of the dangers to holding interest rates too low for too long and the consequent damage that rising rates will then cause. Add to this that the governments of the developed world have not really addressed the task of promoting lasting growth. These are the factors that will shape tomorrow’s world. And it is against this background that gold will perform.

We are producing an article that discusses the bigger picture behind the repatriation of Germany’s gold against tomorrow’s world so that gold investors can extend their views from the short term to the long-term. What is clear is that massive changes are on the way in the gold and monetary worlds. [Subscribe to our newsletters at www.GoldForecaster.com and www.SilverForecaster.com].

Silver – The pullback in silver goes against the strength it has shown of late. No doubt the fall is a ‘currency’ initiated fall as the euro strengthened. These can be a ‘dummy’ pass for the price which has the ability to turn sharply upwards or move down sharply.

Regards,

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

Global Gold Price (1 ounce)

Today

3 days ago

Franc

Sf1,558.02

Sf1,571.13

US

$1,678.45

$1,692.30

EU

1,258.59

€1,269.11

India

Rs.90,082.41

Rs.90,759.74


Data and Statistics for these countries : India | All
Gold and Silver Prices for these countries : India | All
Tweet
Rate :Average note :4 (1 vote)View Top rated
Previous article by
Julian D. W. Phillips
All articles by
Julian D. W. Phillips
Next article by
Julian D. W. Phillips
Receive by mail the latest articles by this author  
Latest comment posted for this article
Be the first to comment
Add your comment
TOP ARTICLES
Editor's picks
RSS feed24hGold Mobile
Gold Data CenterGold & Silver Converter
Gold coins on eBaySilver coins on eBay
Technical AnalysisFundamental Analysis

Julian D. W. Phillips

Julian Philips' history in the financial world goes back to 1970, after leaving the British Army having been an Officer in the Light Infantry, serving in Malaya, Mauritius, and Belfast. After a brief period in Timber Management, Julian joined the London Stock Exchange, qualifying as a member. He specialised from the beginning in currencies, gold and the "Dollar Premium". At the time, the gold / currency world exploded into action after the floating of the $ and the Pound Sterling. He wrote on gold and the $ premium in magazines, Accountancy and The International Currency Review. Julian moved to South Africa, where he was appointed a Macro economist for the Electricity Supply Commission, guiding currency decisions on the multi-Billion foreign Loan Portfolio, before joining Chase Manhattan the the U.K. Merchant Bank, Hill Samuel, in Johannesburg, specialising in gold. He moved to Capetown, where establishing the Fund Management department of the Board of Executors. Julian returned to the 'Gold World' over two years ago and established "Gold - Authentic Money" and now contributing to "Global Watch - The Gold Forecaster".
Julian D. W. Phillips ArchiveWebsiteSubscribe to his services
Most recent articles by Julian D. W. Phillips
10/24/2014
10/23/2014
10/22/2014
10/21/2014
10/20/2014
All Articles
Comment this article
You must be logged in to comment an article8000 characters max.
 
Sign in
User : Password : Login
Sign In Forgot password?
 
Receive 24hGold's Daily Market Briefing in your inbox. Go here to subscribe or unsubscribe.
Disclaimer