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Silver Bullion 'Set to Beat Gold' in 2018 as Both Hit 5-Month Lows, Bitcoin Whips 20% from New Top

GOLD and SILVER prices steadied above 5-month lows versus the US Dollar in London trade Friday, rallying into the weekend as global stock markets rose.   The EuroStoxx 50 index of Europe’s largest corporations added 1.8% for the week.   Commodities edged higher but major government bond prices slipped further from Thursday’s drop, when gold […]

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GOLD PRICES  cut this year’s gain below 9% for US Dollar investors in London trade Thursday morning, dropping to new 4-month lows beneath $1255 per ounce as crypto-currency Bitcoin surged past $15,000 for a 2017 gain of 1,456%.   Commodities today slipped overall after Wall Street stock markets closed lower overnight for the fourth session running […]

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Gold Prices Drop Thru' 2017 Uptrend, Bitcoin +1456% as 'Unseen' China Risks Build

GOLD PRICES cut this year’s gain below 9% for US Dollar investors in London trade Thursday morning, dropping to new 4-month lows beneath $1255 per ounce as crypto-currency Bitcoin surged past $15,000 for a 2017 gain of 1,456%.   Commodities today slipped overall after Wall Street stock markets closed lower overnight for the fourth session […]

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Price of Gold Bars Rallies with 'Tail Risks' as ETFs Expand, China Fears US-N.Korea Strike, Trumps Moves Israel Embassy

GOLD BARS rallied from yesterday’s 9-week low in Asian and London trade Tuesday as global equities slipped with commodity prices amid rising tensions over Washington’s policies in both the Middle East and towards rogue state North Korea.   A Chinese state-run newspaper today gave readers near the border with North Korea a page of “common […]

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Gold Price Slips Near 'Significant Support' as World Warns Trump on Israel Embassy, Brexit Talks Stall

GOLD PRICES slipped near 1-month lows against a rising US Dollar in London trade on Tuesday, drifting back to $1273 per ounce as world stock markets followed Wall Street lower after Monday’s drop.   Commodities fell as major government bond prices edged longer-term interest rates higher.   “Gold should encounter significant support at $1269/67 and […]

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Gold Prices Down, Bitcoin 'Bubble' Up with Stocks + Dollar on Trump's Tax Plan

GOLD PRICES dipped Monday morning as the US Dollar gained following the Senate’s approval of Donald Trump’s tax cuts and Western stock markets rose, writes Steffen Grosshauser at BullionVault.   The US Dollar briefly touched a 2-week high after the Senate narrowly approved the Republican Party’s tax overhaul on Saturday, including plans to slash the […]

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Bitcoin: Lighter Than Air

So the perfect ‘asset’ for this bubble in everything… BITCOIN blew by another milestone, writes Bill Bonner in his Diary of a Rogue Economist. Last week, the world’s first cryptocurrency hit a new record above $10,000. It started off the year trading at just $997. “I can’t believe what happened,” said a friend. “I bought […]

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Gold Bullion Nears 4-Week Friday Low as 'No Way Currency' Bitcoin Rallies, Turkey-US Tensions Worsen

GOLD BULLION prices gave back a rally against the US Dollar on Friday to head for their lowest weekly close in four as European stock markets retreated, relations between Turkey and Nato ally the US worsened again, and Bitcoin rallied 6% below this week’s new all-time record high.   Falling back to $1273 per ounce […]

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Bullion Down, Gold Mining Stocks Up as Opec Extends Oil Cap, Bitcoin Whips 17% Below New Peak

BULLION PRICES slipped again but gold mining shares rose Thursday in London as Asian stock markets followed Wall Street lower but Eurozone equities rose.   Crypto-currency Bitcoin jumped and slumped again, retouching yesterday’s low of $9,300 to trade 17% below Wednesday’s fresh all-time record above $11,300.   Gold fell 1.7% from Monday’s attempt at 6-week […]

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Strongest US GDP in 2 Years Erases Week's Gold Price Gains, Platinum 'Oversold' Says HSBC

GOLD PRICES dropped on Wednesday as new data said the US economy expanded 3.3% per year between July and September, its fastest pace since 2014.   Falling from its 6th attempt above $1296 so far this week, the gold price lost $10 per ounce against a rising US Dollar while silver and platinum fell sharper […]

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