Julian D.W. Phillips - Gold Forecaster

How does the Eurozone crisis boost gold & silver?

Posted on June 29, 2011

Over the last year, perhaps the greatest concern of the developed world markets has been the Eurozone debt crisis and its effect on the euro. It has brought into sharp focus the seriousness of a nation’s debt situation. In the last decade, we have blithely accepted that a nation can issue debt and be safe from default.

The Indian gold market

Posted on June 24, 2011

The Indian gold market has reaffirmed its dominance in 2010 and will continue in 2011. Expect China to overtake the sub-continent in demand for gold. The love of gold in India goes far beyond a simple source of future profits. It is an expression of wealth, financial security and family stability. It also carries religious overtones.

Gold and silver’s daily market commentary

Posted on June 23, 2011

The gold price closed in New York at the $1,552 but fell in Asia back to $1,547, before fixing at $1,546.00 and in the euro at €1,074.36. It then picked up to $1,550 while the dollar hovered around $1.4305 to $1.4350 and in the euro gold recovered to €1,080.18. Overall the markets were unmoved by the vote of confidence in the Greek government.

Market volatility ahead as Greek decision looms

Posted on June 21, 2011

Asia ended its day in the region of $1,541.80 Greek Parliament’s vote of confidence today. In the euro it was sitting at €1,075.85 ahead of London’s opening. The euro is sitting at Friday’s levels at €1: $1,4331 before London opened. At the fix in London, gold in the dollar was $1,543.00 and in the euro at €1,077.21.

Investing in gold & silver during inflation, stagflation and deflation?

Posted on June 15, 2011

In this piece we are looking at some critical fundamental features of precious metals that are rarely considered or accepted in the developed world markets. Expert investors like Warren Buffet look at inactive, buried gold with amazement, because he is focused on companies that produce things and earn money. And most of us wish we had his skill and money behind us.

Gold and the collapsing dollar

Posted on June 7, 2011

Last week the U.N. warned of a possible collapse of the US dollar, if its value against other currencies continues to decline. The U.N. mid-year review of the world economy did not get extensive coverage. Their economic division said that a crisis of confidence in the dollar, stemming from the falling value of foreign dollar holdings, would imperil the global financial system.

Gold as collateral a major step for gold market

Posted on June 3, 2011

If gold were generally accepted as collateral in global monetary dealings, would we see it used as such? Strangely enough, no! In certain transactions, however, where no other collateral –whether currencies, government bonds and the like— is used, gold may be used, as a last resort.

Has George Soros signaled the end of gold & silver’s bull market?

Posted on May 20, 2011

What of the other leading investment lights who are in gold or who have mentioned it in the last few weeks. Investor Paulson is holding onto his massive holding of shares in the SPDR Gold Trust and has added to stakes in mining companies including Johannesburg-based AngloGold Ashanti Ltd. His fund bought 97,540 American depositary receipts in South Africa’s biggest gold producer last quarter, as well as 2 million ADRs in Gold Fields Ltd., its second-largest producer.

If we see higher interest rates in the U.S. and Eurozone, will gold and silver fall?

Posted on May 17, 2011

We all have a tendency to listen to statistics and formulae and believe that they drive the monetary system. This starts on a false basis because these numbers are driven by more fundamental realities. They should be the result of measured realities, but they can be structured in a way that ignores some of the basics.

Central bank buying and the sudden fall in the gold price

Posted on May 6, 2011

We have seen new surprising and strong demand from global central banks in the last week. This demand occurred over the last two months and had to compete with other strong demand from all sides of the gold market.

Gold and silver's daily review

Posted on May 2, 2011

May Day in Europe is a holiday as was Friday, so the current market is thin and volatile not truly reflecting the gold and silver markets. The moves in the gold price are even attributed to the death of Osama bin Laden, although there are few men of investment prowess that would buy or sell gold and silver on that news.

Posted on April 21, 2011

Today we are writing this section from the euro gold price point of view to illustrate what’s happening to gold; the gold price continued to pull back as the euro price of gold stood at €1,030.41 ahead of the gold Fix. It has pulled back from €1,041 over the last couple of days and still is far away from its peak at €1,065.

Can a U.S. investor hold his gold securely?

Posted on April 20, 2011

The attention of the gold world was grabbed by the action of a the University of Texas Investment Management Co. that switched their gold investments to bullion and actually took delivery of around 20 tonnes of gold in the form of 6,643 gold bars, worth $987 million.

Gold and silver daily review

Posted on April 19, 2011

Gold kept galloping to $1,496 before pulling back to $1,490 then recovering at London’s opening to $1,494.45. The dollar barely moved and held at $1.4241, which in the light of the bad news for both the dollar and the euro was really a statement that they were both falling at the same speed.

Gold and silver's daily review

Posted on April 18, 2011

While most people look at gold in the dollar we expect to see demand and supply factors overlain by the dollar’s exchange rate movements against the euro. Nevertheless, gold is at record levels now having see a very short and not so sharp correction last week.

Gold and silver's daily review

Posted on April 18, 2011

Gold held at New York’s closing level of $1,486 in Asia on Monday before slipping slightly in London to fix at $1,484.50. This is somewhat misleading because the dollar recovered to $1.4300 on Monday up from $1.44 on Friday. Hence in the euro gold is slightly stronger at €1,036.81 up from Friday’s p.m. fix of €1,023.81.

Gold and silver's daily review

Posted on April 14, 2011

The mood of the market in silver is “holding strongly and waiting to move”. In gold it is, “holding steady in the euro, nearly ready to move.”

Gold Forecaster – why is silver rising faster than gold?

Posted on April 13, 2011

Both metals have moved as money. Gold and Silver Exchange Traded Funds have attracted massive investments in the developed world where trust in the monetary system is far higher than it is in the emerging world. But it was the underlying gold and silver that attracted investors. Waning confidence in the value of paper currencies gave way to demand for precious metals as a store of value retainers for investors.

Gold and silver's daily review

Posted on April 12, 2011

The mood of the market is now, “should we jump back in again?” The market is looking up towards $1,500 still, but there is an air of doubt investors look back at a good run.

Gold and silver's daily review

Posted on April 11, 2011

A new week and a new world for gold and silver!

Gold and Silver's Daily Review

Posted on April 8, 2011

With the Eurozone crises getting worse this week you may feel that the euro should be falling not the U.S. dollar. The interest hike yesterday of ¼% did the trick.

If interest rates rise, will gold go down and the dollar rise?

Posted on April 7, 2011

So frequently today we rely on economically established perceptions that fail time and again, simply because the conditions in which they were established have changed. One of the economic clichés is that exchange rates will rise if interest rates rise.

Gold and silver's daily review

Posted on April 6, 2011

While the oil price does continue to creep up, this is not the cause of gold and silver’s rise.

Gold and silver’s daily review

Posted on April 5, 2011

The main feature of the day was the rising oil price at $118 for Brent Crude and $108 for West Texas. It continues to creep higher.

Gold and Silver’s Daily Review for 4th April 2011

Posted on April 4, 2011

Overnight Asia lifted the gold price to $1,432. After London opened and the Fix was set at $1,432.50 and €1,008.16 gold traded higher $1,437.35 and €1,011.26 where it held through London’s morning. The euro held at $1.4212 where it had been in Asia before London’s opening.