Close X Cookies are necessary for the proper functioning of By continuing your navigation on our website, you are accepting the use of cookies.
To learn more about cookies ...
Gold & Silver Prices in

Gold and Silver Market morning, December 17, 2012

IMG Auteur
Published : December 17th, 2012
485 words - Reading time : 1 - 1 minutes
( 0 vote, 0/5 )
Print article
  Article Comments Comment this article Rating All Articles  
Our Newsletter...
Category : GoldWire





Gold Today –New York closed at $1,694.20. While Asian and London dealers moved gold down in line with the euro at the start of the week. Gold Fixed at $1,690.00 down $6.50 on Friday’s a.m. fixing. In the euro it was Fixed at €1,285.269 down €15 while the euro was slightly stronger at €1: $1.3149. Ahead of New York’s opening, gold was $1,691.30 and in the euro at €1,285.43.

Silver Today – Silver closed higher at $32.17 in New York on Friday. It opened in London at the same level. Ahead of New York’s opening silver stood at $32.22.

Gold (very short-term)

Gold is expected to continue to consolidate with a weaker bias, in New York today.

Silver (very short-term)

Silver is expected to continue to consolidate with a weaker bias, in New York today.

Price Drivers

Gold & Silver – Two weeks to go before the U.S. falls off the ‘fiscal cliff’. Nerves are being tensioned now as politicians do what politicians do. “Don’t solve a problem, rescue your people from a crisis.” Cynical, no, dominant realities! [Subscribe to our newsletters at and] As the year draws to an end it is good to look forward to what lies ahead. While hope springs eternal, we are bound by the forces we see that are shaping tomorrow. What are they? A report recently released by the U.S. National Intelligence Council gave us sobering thoughts that are extremely positive for gold and silver. We will just touch on that report and highlight the four “megatrends” they mention:

1. The end of U.S. global dominance.

2. The rising power of individuals against states.

3. A rising middle class whose demands challenge governments.

4. A Gordian know of water, food and energy shortages.

The report stated that our future is “malleable”, which roughly translated means anything can happen! In addition to this are, “seven “tectonic shifts” which are combining to drive change at an accelerating rate. We have discussed this at length in the latest issue of our newsletters because these influences are going to affect every aspect of our lives, every one of us wherever we are on this earth.

If you now look at the performance of developed world governments in the last five and a half years to resolve problems, crises and to return the developed world to a vibrant growth path, you will see that they are woefully ill-equipped to faces these future challenges. Worse still, the present institutions responsible for the developed world’s monetary system have failed to re-structure it to cope with today’s challenges, so how will they cope with these future ones. Needless to say, the future is one where gold and silver will prove to be ‘safe-havens.’


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

Global Gold Price (1 ounce)


3 days ago















Data and Statistics for these countries : India | All
Gold and Silver Prices for these countries : India | All
<< Previous article
Rate : Average note :0 (0 vote)
>> Next article
Comments closed
Latest comment posted for this article
Be the first to comment
Add your comment
Top articles
Latest Comments
Slouching Towards Election Day
19:56Jim C.
So what to make of Kunstler's incomprehensible convoluted rants? This line is the most revealing, if anything from his jabberwocky style can be de...
Slouching Towards Election Day
26 OctThe Recusant0
In a few days we will be standing in those little booths to make a choice between bad and worse. Thank you, Donald for bringing the message to the ...
Slouching Towards Election Day
25 Octaccording0
jimmy i know its hard to sell copy but try not to insult us without amuseing us. "They don’t recognize the basic energy equation that has...
Slouching Towards Election Day
25 Octkevthorne0
WWIII will be a war as totally different from WWII, as WWII was from WWI - 'the Great War'. There will be no hiding place from the nuclear fallout...
Gold Market in Crisis, Risks Col...
25 Octrjs2248
Let the TRUE market value of precious metals come with the "Light of Day."
Trump’s Best Debate Performance ...
23 Octkevthorne0
A vote for that woman is a vote for WWIII. Mr Trump is a builder, not a warmonger - do you want a future on earth for you and yours - or Armageddo...
Silver Bull Market in Force
22 OctS W.
Interesting tech analysis here. Good stuff as I have never looked at 'full bars' closing above or below a 20 bar MA. Only ever the close p...
The Fascist Threat
22 Octsam_site
Your idea that extreme right and left fascism meet is brought out in the Spanish Civil War. The globalists created right wing fascism in Germ...
Most commented articlesFavoritesMore...
World PM Newsflow