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Daily Gold Market Report

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Live London Gold News Wire
10 to 15 minutes old
www.usagold.com --LIVE NEWS--
Gold buyers benefit from risk off flows and a nice technical hold earlier this week11:40
Gold Breakout And Stock Market Crash11:39
15 to 30 minutes old
www.usagold.com --LIVE NEWS--
Gold Loves Tariffs, Even if Stocks Don’t11:21
Barron's Online - US
30 minutes to 1 hour old
www.usagold.com --LIVE NEWS--
Is Royal Gold, Inc. a Buy?11:19
The Motley Fool
Gold's 'Wall Of Worry' Is Increasing11:18
Seeking Alpha - Macro View
Intraday Update: Gold Loves Tariffs, Even if Stocks Don’t11:01
Barron's Online - US
NYSE trader: I like energy stocks right now—and gold has a bit of a luster too10:51
Yahoo! US - Exclusives
1 to 2 hours old
www.usagold.com --LIVE NEWS--
Gold prices ends at 5-week high, up nearly 3% on week10:49
MarketWatch - Commodities
Gold Market Sees Best Week In Two Years, Driven By Neutral Fed And Geopolitical Risks10:39
Kitco - Gold Outlook
Dow’s struggles good for gold bulls10:28
Fox News - Markets
Debt Cycles and Gold10:20
The Market Oracle - The Market Oracle
Condor Gold raises £2.5 million as 2017 loss narrows10:10
2 to 4 hours old
www.usagold.com --LIVE NEWS--
Gold Juniors’ Q4’17 Fundamentals09:28
Debt Cycles And Gold09:08
SBI reported Kanishk Gold, Nathella Sampath as fraud accounts in 2017-end09:07
The Times of India - Banking & Finance
Gold Juniors’ Q4’17 Fundamentals09:00
UPDATE: Condor Gold Raises Funds In Placing As 2017 Loss Narrows (ALLISS)08:48
London South East
JSE slips in broad-based losses, but retailers and gold miners stay positive08:48
Financial Mail - Markets
SBI reported Kanishk Gold, Nathella Sampath as fraud accounts in 2017-end08:36
Gold bulls flirt with $1350 amid trade wars escalation08:30
Kitco News Gold Survey: Wall St., Main St. Say Price Gains To Continue08:28
Kitco - News Bites
Gold Investing for ETF Leprechauns08:27
ETF Trends
Condor Gold losses half as Nicaragua project development work continues08:00
Interactive Investor
Debt Cycles and Gold07:58
CANADA STOCKS-TSX higher as gold prices rise07:57
Reuters - Industry, Materials & Utilities
4 to 6 hours old
www.usagold.com --LIVE NEWS--
Gold loses sparkle on MCX as share in volume hits 12-year low of 10.4%07:49
The Business Standard - Markets
CANADA STOCKS-TSX higher as gold prices rise07:49
Reuters.co.uk - Regulatory News
Cora Gold completes stage 2 drilling at Sanankoro gold project in southern Mali07:47
Energy Business Review
Gold Surges Above $1350 As Dollar Hits Trade-War Lows07:19
Zero Hedge (Weblog)
Belgravia Capital International buys 14.82% stake in Blackrock Gold07:00
Proactive Investors (USA & Canada)
CANADA STOCKS-TSX opens higher on gold boost06:57
Reuters - Company News
BUZZ-Gold stocks up as fears of trade war saps risk appetite06:57
Reuters - Company News
CANADA STOCKS-TSX opens higher on gold boost06:57
Reuters.co.uk - Markets - Canada
Which Gold Stocks Have the Best Dividend?06:57
Fox News - Markets
Oz gold miners printing money: analyst06:47
Debt Cycles and Gold06:29
Which Gold Stocks Have the Best Dividend?06:28
The Motley Fool
Gold rallies as trade-war risks, Bolton's ascent fire up demand06:08
Fin24 - Companies
Serabi Gold shines as shares leap 30% following Greenstone's Investment06:08
Web Financial Group - Latest News
You Want a Gold Rally? You're Going to Get It - Doug Casey Editor06:08
Kitco - News Bites
Fake Gold…Silver Explosion…End Of Bull Market06:07
6 to 8 hours old
www.usagold.com --LIVE NEWS--
Gold surges to one-month high as Trump’s China tariffs shake global markets05:47
Financial Mail - Markets
Condor Gold raises £2.5m to see it through permitting process05:45
Mining Weekly - Americas
Gold Surges Above 1340 on Renewed Trade Tensions05:39
FXstreet - Latest Analysis
Condor Gold Raises GBP2.5 Million In Placing As 2017 Loss Narrows (ALLISS)05:37
London South East
Gold Boosted By Safe-Haven Demand On Global Trade War Worries05:37
Kitco - News Bites
Gold Remains Strong After Feb. U.S. Durable-Goods Orders Rise 3.1%05:37
Kitco - News Bites
LAWRIE WILLIAMS: Mainland China’s big gold imports in February05:18
Sharps Pixley
Gold Surges Near USD1350 On Rate Outlook, Trump Cabinet05:17
London South East
Gold should respond well to trade war rhetoric05:11
Proactive Investors (UK)

by Michael J. Kosares

EARLY REPORT 3-23-2018

Gold is pushing higher in early New York trading after a strong overnight performance in global markets, particularly Asia.  As this report is posted, it is trading at $1346 and up $13. Silver is up 12¢ at $16.62.

Gold's strong showing is in response to two events yesterday occurring late in the day. The first was the presidential order slapping tariffs on $60 billion in Chinese imports goods.  The second, though underplayed in financial market reports thus far today, was the appointment of John Bolton as the new White House national security advisor.  Both events are superimposed over the Fed's dovish interest rate statement of, lest we forget, just two days ago.

The tariffs were expected, but when the president added a verbal promise that "this is the first of many" such orders, it upped the ante.  The Bolton appointment pushed geopolitical concerns to the front burner. Bolton holds strong views on both Iran and North Korea and has advocated a strong military response to their nuclear and missile build-ups. The prospect of ratcheting up the confrontation with North Korea may be what caused the strong response in the Tokyo stock market – down over 1000 points last night.

Chart of the Day

Chart note:  This chart shows the surprising growth in Russia's gold reserves over the past three years – a 47% gain.  Most of the gold added to its reserves are direct purchases from its domestic mining sector.  These reserves, though reported as part of international annual production, never reach the open market – a strategy in line with China's which also channels domestic production into reserves.  Russia was the third largest producer of mined gold in 2018 and holds the sixth largest gold reserve behind the United States, Germany, the IMF, Italy and China.


LATE REPORT 3-22-2018

Gold stayed level with its U.S. opening price all day to finish at $1328.70 (-$3.30) despite a major selloff in the Dow Industrial Average of almost 725 points.  Silver gave up more on a percentage basis finishing at $16.36 (-16¢).  The Dow's sell-off began the result of president Trump's executive order imposing tariffs on $60 billion in Chinese imports.  It escalated, though, late in the day after he promised that this was "the first of many" such actions during the signature ceremony.  Since that statement/warning came late in the day, gold did not have a chance to react.  That could come later when trading opens in Asia.

Quote of the Day
“Let it be emphasized once more, and especially to anyone inclined to a personally rewarding skepticism in these matters: for practical purposes, the financial memory should be assumed to last, at a maximum, no more than 20 years. This is normally the time it takes for the recollection of one disaster to be erased and for some variant on previous dementia to come forward to capture the financial mind. It is also the time generally required for a new generation to enter the scene, impressed, as had been its predecessors, with its own innovative genius.”  ― John Kenneth Galbraith, A Short History of Financial Euphoria



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Michael J. Kosares is the founder of USAGOLD, author of The ABCs of Gold Investing - How To Protect and Build Your Wealth with Gold (Three editions), and editor of the firm's monthly newsletter. He has also written numerous published articles and essays on the gold market.


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News & Views is written & edited
by Michael J. Kosares

Founder, USAGOLD
Author, The ABCs of Gold Investing
How To Protect & Build Your Wealth with Gold

Disclaimer - Opinions expressed on the USAGOLD.com website do not constitute an offer to buy or sell, or the solicitation of an offer to buy or sell any precious metals product, nor should they be viewed in any way as investment advice or advice to buy, sell or hold. USAGOLD, Inc. recommends the purchase of physical precious metals for asset-preservation purposes, not speculation. Utilization of these opinions for speculative purposes is neither suggested nor advised. Commentary is strictly for educational purposes, and as such USAGOLD does not warrant or guarantee the the accuracy, timeliness or completeness of the information found here. (Please see our Risk Disclosure here.) 


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