Julian D.W. Phillips - Gold Forecaster

Julian Phillips' history in the financial world goes back to 1971 when Julian joined the London Stock Exchange, qualifying as a member. He specialized from the beginning in currencies, gold and the "Dollar Premium", Britain’s Exchange Control system at the time. After the floating of the US$ and the Pound Sterling, the gold/currency world exploded into action. He wrote on gold and the US$ premium in 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 dollar, foreign Loan Portfolio. He then joined Chase Manhattan for a period, until moving to the U.K. Merchant Bank, Hill Samuel, in Johannesburg, specializing in gold and fund management. He then shifted his sights to Capetown, where he established the Fund Management department of the Board of Executors, which later became part of one of the four, big South African banks. Julian returned to the "gold world" over six years ago, establishing and writing for Gold Forecaster - Global Watch and the Silver Forecaster which covers silver and platinum.

China can and will confiscate gold from SGE, banks and Chinese citizens, when it suits them

What is not appreciated by most analysts when commenting on China is the power of the Chinese government over its people!

What is the COMEX futures & options market really all about?

All of us follow COMEX in New York and assess the ‘net speculative long position’ there, so as to see the actual weight of opinion on the gold price.

The New London gold fixing

The London Gold Fixing, the twice daily gold pricing mechanism at which the bulk of physical gold transactions take place is changing dramatically.

Of course the gold price is manipulated, that’s the point!

Throughout history, there have been a constant flow of schemes to try to manipulate the gold price and gold itself in terms of paper money.

Three countries to emerge from Iraq

And the impact on gold and oil prices

Gold seen to consolidate with positive bias Monday

Silver weaker but should rise later this week.

A bear raid on gold – Is that about to happen?

After some considerable selling of gold from the SPDR gold Exchange Traded Fund in the preceding months, early in 2013, Goldman Sachs came out with a warning that the gold price was going to fall and fall heavily.

Does the gold price reflect true gold demand and supply?

Despite the furore surrounding the Gold Fix [unfairly, we believe] it is a singularly determined attempt amongst commodities to set a twice daily price that does reflect demand and supply of gold, at those moments.

What gold and silver are telling us after the Fed's announcement

The most pertinent question would be whether the U.S. recovery will be damaged as markets raise interest rates discounting next year’s rate rises.

Gold and silver market morning

Ukraine crisis is likely to be gold neutral.

Renewed Indian demand driving gold prices higher?

Since last August, the Indian government placed a stranglehold on gold imports into the country by requiring that 20% of all gold imported be exported as jewellery.

Gold and silver market morning

The silver price remains steady waiting for a clear direction from gold. It will take a breakout from gold to make silver move strongly, either way.

Is Mr. Buffet right about not holding gold?

The skill in handling gold is to buy it at a low price ahead of a change of system.

The big picture behind Germany taking half of its gold home

All of the 11% reserve in France will be repatriated as well as 13% from New York while the portion in London will remain.

Why did the signatories of the central bank gold agreement stop selling gold & keep the rest?

In 2009 the signatories of the Central Bank gold Agreement effectively stopped selling gold.

Is Central Bank buying just a driving force behind gold or much, much more!

Since 2009 we have seen the signatory central banks of the Central Bank Gold Agreement cease selling their gold.

Why are gold, silver mining share prices not moving higher?

This is perhaps one of the most asked questions among gold investors today. But the answer is not a simple one. It goes to the basics of which people invest in gold in the first place and what form of gold they buy.

What happens to the gold world when Greece exits the eurozone

It’s becoming clearer and clearer that there is a large blind spot in the minds of financial people regarding this probability. Only financial those who have been in the markets for 40+ years understand what can happen.

What happens to Greece’s gold when they exit the Eurozone?

With Germany’s leaders telling us that the exit from the Eurozone by Greece no longer holds terror for them, we understand that they are prepared for such an eventuality.

Do gold, silver prices fall, in a shrinking, debt-distressed world?

As global growth is being downgraded by the I.M.F. from 3.5% to 3.1% fears that the Eurozone is already in a recession and the U.S. is likely to enter one next year, are growing.

The black hole of deflation & gold and silver – part 2

In Part I of this series we looked at the decaying state of confidence and how this is assisting in the deflationary process that is slowly, inexorably, moving forward, with limited action from central bankers and very little action at all from politicians.

The black hole of deflation

For the last few years we've watched as the Credit Crunch morphed into the Sovereign Debt crisis in Europe, which may re-cross the Atlantic to hit the U.S. Treasury market.

Power to China in the IMF – does this mean gold to be mobilized?

While the B.R.I.C.S nations are contributing to the I.M.F.’s funding with the purpose of shoring up the global financial system, they’ve stipulated that they want more power in the I.M.F.

The euro and the gold price – potential fallout consequences

For many years now gold and silver -by its pattern of following gold wherever it goes- have been treated by traders, investors and central banks as a 'counter to the U.S. dollar' and quite rightly so; this definition, however, applies primarily to the long-term value of the dollar and not simply to the daily gyrations of the dollar's exchange rate.

Why U.S. Gov’t confiscated gold in 1933. Can it happen again?

More and more investors are asking this question.