Posts by Julian D.W. Phillips - Gold Forecaster:

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.
Julian D.W. Phillips - Gold Forecaster | April 21, 2011 | 1:40 pm

Gold and silver daily review

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.
Julian D.W. Phillips - Gold Forecaster | April 19, 2011 | 8:10 pm

Gold and silver’s daily review

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.
Julian D.W. Phillips - Gold Forecaster | April 18, 2011 | 8:07 pm

Gold and silver’s daily review

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.
Julian D.W. Phillips - Gold Forecaster | April 18, 2011 | 5:46 pm

Gold Forecaster – why is silver rising faster than gold?

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.
Julian D.W. Phillips - Gold Forecaster | April 13, 2011 | 5:27 pm