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Daily Gold Market Report
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MK's Short & Sweet

A live daily newsletter on the gold and silver market
Be informed. Stay informed. Expert analysis, news & opinion.

Live London Gold News Wire
5 to 10 minutes old
www.usagold.com --LIVE NEWS--
Gold eases from one-week high as stocks, dollar churn05:28
MarketWatch - Markets
Gold dips as dollar firms and geopolitical tensions subside05:28
Financial Mail - Markets
30 minutes to 1 hour old
www.usagold.com --LIVE NEWS--
Despite spike in price, Akshaya Tritiya sees brisk gold buying04:59
Rediff.com - Business
Should I invest in gold and silver? Ask a Fool04:41
USA Today - Business
1 to 2 hours old
www.usagold.com --LIVE NEWS--
Turkey’s Central Bank transfers its gold reserves from US to Turkey04:28
Trend News Agency - Economy News
Barrick Gold’s Acacia unit sees profit slump after Tanzania tax row04:19
The Globe and Mail
Chopard commits to 100% Ethical Gold04:19
Arabian Business - Retail
Gold surges by Rs 250 per 10 gm; silver reclaims 41K-mark04:17
The Hindu Business Line - News
Silver Price Surge Brings Long-term Breakout into Play, Gold Too04:15
Nasdaq - Global Markets
Papua Mining identifies two intrusion-related gold/copper systems at Marengo04:09
Proactive Investors (UK)
EUR, NZD, AUD ... all lower - and check out sinking gold03:38
Gold rises on firm global cues, silver tops 41k03:37
The Hindu - Business
Gold futures edge up to Rs 31,552 on firm global cues03:35
The Hindu Business Line - Markets
2 to 4 hours old
www.usagold.com --LIVE NEWS--
Director Deals - Shanta Gold Ltd (SHG)02:48
Interactive Investor
Shanta Gold Limited : Director/PDMR Shareholding02:27
InvestEgate (Company Announcements) - Trade
Pleasures only the rich can afford — A hotel suite with a bathtub made of gold! Find out where02:16
It's asparagus season and the Dutch are growing more white gold02:15
DutchNews.nl - Business
Shanta Gold trims production and cuts debt02:08
Proactive Investors (UK)
Gold – A Unique Repeat of the 2007 and How to Profit02:07
The Market Oracle - The Market Oracle
Artem Volynets discusses Chaarat Gold's acquisition strategy01:58
Proactive Investors (UK)
Earlier Today
www.usagold.com --LIVE NEWS--
Flying Toward Gold Mining Profits With Frank Holmes01:33
Seeking Alpha - Macro View
Sunrise Resources commissions exploration work at Bakers Gold project01:28
Proactive Investors (UK)
18th April, 2018: Scrap Gold and Silver Prices Soared on Index, Platinum Dropped Further01:07
Scrap Monster
Shanta Gold Limited : Q1 2018 Production and Operational Update01:07
InvestEgate (Company Announcements) - Trade
Gold futures edge higher positive on global cues00:59
The Asian Age - Business
Sunrise Resources : Baker's Gold Project - Exploration Update00:47
InvestEgate (Company Announcements) - Trade
Gold Rate Today: Gold flat, silver rises in the morning deals00:46
The Economic Times - Commodities
Gold extends rally, lifted by rising base metals and inflation fear00:26
Financial Mail - Markets
Gold, silver and bronze for Obo00:08
Stuff.co.nz - Business
4 to 6 hours old
www.usagold.com --LIVE NEWS--
Chinese Gold output falls during the first quarter of 201823:36
Scrap Register - Scrap News
6 to 8 hours old
www.usagold.com --LIVE NEWS--
PRECIOUS-Gold gains as metals rally sparks inflation concerns23:16
Reuters - India
Thundelarra focused on recommencing high-grade gold mining at Garden Gully23:07
Proactive Investors (Australia)
Sri Lanka imposes 15-pct tax on gold imports22:38
Lanka Business Online
Senegal communities weigh impact of growth in gold mining21:37
Commodities Now
Thundelarra's gold exploration "on the cusp of something great"21:36
Proactive Investors (Australia)
www.usagold.com --LIVE NEWS--
Gold gains in HK to HK$12,64021:26
Hong Kong Standard - Business
Gold higher at US$1,35321:16
Hong Kong Standard - Business
Demand for gold projected to drive up prices from Q320:55
China.org.cn - Business
Havilah Resources and potential Chinese partner extend exclusivity period for copper-gold-cobalt project20:46
Proactive Investors (Australia)
Gold prices ends Wednesday in gains20:35
Gold flat, dollar up on higher US yields20:34
The Economic Times - Market
Gold lacks direction for Thursday, looking both ways near $1,35020:16
Gold flat, dollar up on higher U.S. yields19:45
Reuters - Business
PRECIOUS-Gold flat, dollar up on higher U.S. yields19:35
Reuters.co.uk - Regulatory News
PRECIOUS-Gold flat, dollar up on higher U.S. yields19:34
Reuters - India
Till they are fully liquid, gold bonds will remain a dud19:27
The Financial Express - Edits-Columns
Cash shortage fails to take sheen off gold sales on Akshaya Tritiya18:25
DNA India - Money
Nexus Minerals searches for the next Karari at Pinnacles Gold Project18:05
Proactive Investors (Australia)
Sixteen people trapped in gold mine in Colombia17:54
De Grey Mining begins heritage survey over conglomerate gold targets17:34
Proactive Investors (Australia)

by Michael J. Kosares

LATE REPORT 4-18-2018

Gold's early advance slowed, silver the big story on the day

After getting off to strong start, gold slowed its advance as the day progressed but still finished up almost $4 at $1351. The big story of the day though for the precious metals was silver. It finished up 41¢ at $17.22 moving in concert with the two other commodity-based precious metals – platinum and palladium. Traders are concerned that the next round of sanctions against Russia could include top palladium and platinum producer, Norilisk and other mining companies. Russia is the world's top producer of palladium, the second largest producer of platinum and the fourth largest producer of silver. Platinum was up $6 on the day and palladium was up almost $25.

On another front, Citigroup economist Willem Buiter issued a rather blunt warning today that tariffs from the U.S. and China, would amount to "a serious trade war" and "the biggest self-inflicted wound [on the world economy] since the great financial crisis." Simultaneously, details from the Fed's Beige Book on the economy revealed growing concern among U.S. manufacturers about rising import prices based on those tariffs including proactive purchases of materials to avoid higher costs down the road. Sounds like the 1970s. . . . .

Quote of the Day
"Markets are still in a precarious position and volatility is high. Regardless of which direction markets go from here, we cannot escape the risks hidden linkages pose to modern capital markets. We've already had a correction this year. But the next correction could turn into a 30% or 40% crash. The conditions are in place. But you can't wait for the shock to occur because by then it will be too late. You won't be able to get your money out of the market in time because it'll be a mad rush to the exits. I recommend you reduce your exposure to the stock market and move into cash, gold, Treasuries, land and fine art." – James Rickards


Recent Better Business Reviews

(March 29, 2018) – My experiences with USAGOLD have all been positive, informative, enjoyable and profitable. Their book on the basics of gold is literally a treasure. It sets your feet on the right path and on solid ground. USAGOLD has fulfilled every promise in a timely way and always with wonderful courtesy. I highly recommend this company in all respects. – Hugh D.

(March 31, 2018) – We were first time gold investors. In search for information we came across their web site, which is excellent. When we contacted them, Jonathan Kosares lead us through the process. He provided information, suggested gold coins, but did not direct how we invested. He is always available to answer questions. The service has been excellent. Their business practices have been outstanding. We have absolute faith the company. They are the best investment company we have ever dealt with. – John G.

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EARLY REPORT-4-18-2018

Gold making another strong push toward the $1360 barrier

Gold is making another strong push toward the $1360 barrier this morning trading at $1353 and up $6.50 on the day. Similarly, silver is displaying strength – up 31¢ and over the $17 barrier at $17.09. Gold has made a number of attempts to break through the $1360 mark and it will be interesting to see whether or not this push will be the one that carries it through. Gold and silver's upside appears to be part of a larger move in the commodities complex this morning led by oil – up over a $1 at $72.70 as this written. Some experts believe oil could push through the $100 per barrel level over the next several months the result of a supply-cutting deal among OPEC members led by Saudi Arabia.

Chart of the Day

Chart note 1: With the US dollar the centerpiece of interest the past few weeks, we thought it appropriate to post the long-term overlay chart of the gold price and the major-currency version of the US Dollar index. As you can see, the dollar has been in a secular, long-term decline against other major currencies since the early 1970s when the U.S. abandoned gold-backing for the currency and the world switched to free-floating gold and currency prices. Despite all the talk of a strong dollar and how Treasury secretaries historically back the concept, the reality is the opposite – a weak dollar when measured against its major competitors. In the end, unencumbered ownership of physical gold coins and bullion, as this chart amply illustrates, has proven to be a very effective defense in the on-going process

.Chart note 2: The declining tops and bottoms indicate long-term erosion in the value of the dollar and give credence to the argument in financial circles that we may be in the beginning stages of another major downturn similar to those launched in 1985 and 2002. The 2002 event corresponded with the launch of gold's secular bull market.


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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top ten

We invite you to visit what
Commodity HQ rated one of the
Top Ten
gold blogs on the internet!


MK's Short & Sweet
A live daily newsletter
on the gold and silver market

Be informed. Stay informed.
Expert analysis, news & opinion.


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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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