Untitled Document
Coins & bullion since 1973
 

1-800-869-5115

Daily Gold Market Report
 JsCharts
gold prices
 

Live London Gold News Wire
30 minutes to 1 hour old
www.usagold.com --LIVE NEWS--
Gold Might See September Highs Only In Q2 - TD Securities17:53
Kitco - News Bites
1 to 2 hours old
www.usagold.com --LIVE NEWS--
PJX wants to buy gold another gold mine in B.C.17:24
Mining.com
Gold Is Telling Us Inflation Is Finally Coming17:13
Forbes - Home US
Eldorado Gold: A Financial Update16:54
Seeking Alpha - Investment Ideas
2 to 4 hours old
www.usagold.com --LIVE NEWS--
Azumah Resources aims to grow gold resource with drilling program16:03
Proactive Investors (Australia)
Blackham Resources raising $36 million to support gold growth strategy16:03
Proactive Investors (Australia)
Nexus Minerals highlights gold potential at project being acquired15:23
Proactive Investors (Australia)
Nexus Minerals to boost gold portfolio with acquisition from Saracen15:13
Proactive Investors (Australia)
Gold flat as US government shutdown ends15:03
Business News
4 to 6 hours old
www.usagold.com --LIVE NEWS--
Gold Seeker Closing Report: Gold Ends Slightly Higher14:41
GoldSeek.com
Two Factors for Gold That You Don’t Want to Miss14:32
The Market Oracle - The Market Oracle
Three Gold Awards for Eden Resort and Spa14:31
Lakehouse Daily News - Business
Gold Is Going Up: Pay Attention To Fed Rate Hikes-Gold Relationship Says Peter Hug14:10
Kitco - News Bites
Don’t Just Look At Gold; Opportunities In Zinc, Copper, Lithium Says Brent Cook14:00
Kitco - Interviews
"Big Moves" Are Ahead For Gold - Auryn Resources CEO13:51
Kitco - News Bites
Gold Price Is Facing Triangle Pattern Resistance13:11
The Market Oracle - The Market Oracle
Van Eck Associates CEO: Bitcoin is a true complement to gold13:10
CNBC - Latest Video
6 to 8 hours old
www.usagold.com --LIVE NEWS--
Gold settles lower after the Senate approved a bill to end the government shutdown12:09
MarketWatch
Gold Flat As Senate Funds Government11:49
London South East
Mining production roundup: Gold Resource, Orvana, Excellon11:30
Business News Americas - Metals
Gold, Silver Weaker Amid Profit Taking, Chart Backing and Filling11:29
Kitco - News Bites
Genesis (TSXV: GIS) Drilling Returns 8.73 g/t Gold Over 21.35 m From Chevrier Main Zone11:16
Investorideas.com
Gold Market Consolidates Near Important Levels As US Government Shuts Down10:59
Gold-Eagle
ePower Metals Inc. (TSXV: $EPWR) Reports Cobalt, Gold and Copper Results from Panther Creek Cobalt Project, Idaho and Announces Winter Program10:46
Investorideas.com
Earlier Today
www.usagold.com --LIVE NEWS--
Whistleblower sues EY over Dubai gold refinery scandal10:39
Accountancy Age - Practice
The Gold Cartel, Sex Scandals, and GATA10:28
GoldSeek.com
Silver Is The Key To Gold Breaking 2016 Highs - Analyst10:08
Kitco - Focus
Randgold Resources Expects Kibali Gold Mine In Production In 201809:58
London South East
Gold Prices in 2018 Will Rise Despite a Government Shutdown09:54
Money Morning
Two Factors for Gold That You Don't Want to Miss09:36
Investorideas.com
Will 2018 Be Gold's Breakout Year? - Peter Hug09:28
Kitco - News Bites
Gold Set Up For Big Move This Year – What About Cryptos?09:28
GoldSeek.com
Gold Market Consolidates Near Important Levels as Government Shuts Down09:28
GoldSeek.com
Anaconda Sitting on a Gold Mine09:16
Investorideas.com
SWOT Analysis: Will Gold Continue to Rally Into the Chinese New Year?09:08
GoldSeek.com
Gold retreats from session highs, eases toward $1330 on USD recovery08:49
FXstreet
Hedge Funds Still Buying Gold, But Momentum Is Fading08:48
Kitco - Focus
Gold likely to test five-year highs this year08:38
Scrap Register - Metal News
Why Lowe's Companies, Inc. Could Be a Gold Mine for Income Investors08:08
The Motley Fool
Gold Market Consolidates Near Important Levels as Government Shuts Down07:48
Money Metals Exchange
Bitcoin backwardation, gold contango07:47
GoldSeek.com
Incentivise banks to promote gold monetisation: India Gold Policy Centre07:41
The Business Standard - Economy-Policy
Canamex Gold welcomes international currency systems expert as director07:29
Proactive Investors (USA & Canada)
Performance of Iran’s gold & currency markets on Jan. 2207:17
Trend News Agency - Economy News
Could Gold Stocks Be the Big Story in 2018?06:57
The Motley Fool (Canada)
Two Factors for Gold That You Don’t Want to Miss06:47
GoldSeek.com
Gold Fails To Break Out; Let The Selling Begin06:46
Kitco - News Bites
Exclusive: World Gold Council investigates standard for gold kilobars06:30
Reuters.co.uk - Commodities
Gold churns lower as markets await next move from stalled Congress06:27
MarketWatch - Markets
Gold Prices Slightly Down Amid Chart Consolidation06:27
Kitco - News Bites

by Michael J. Kosares

EARLY REPORT 1-22-2018

Gold is sideways in afternoon New York trading at $1333. Silver is also running sideways at $17.01. Now, with the latest federal government shutdown non-event now behind us – the nineteenth scare since the mid 1970s and counting – the markets seem to be looking for direction. The dollar is a mixed bag trading down against European currencies and up against their Asian counterparts.

Chart of the Day

Chart notes: On April 9th, 2011, Congress averted a shutdown with a patchwork deal very much like the one engineered last night and announced this morning. On that day gold, as shown on the chart, was trading at $1462.  Though disaster appeared to have been put on hold, gold investors were not convinced. The price in the ensuing months continued to track higher registering one all-time after another. That August, with gold trading at $1721, Standard & Poor's dropped the hammer on the U.S. government's credit rating saying that "the effectiveness, stability, and predictability of American policy-making and political institutions have weakened at a time of ongoing fiscal and economic challenges. . ." By September it reached its all-time high near $1900 per ounce – 30% higher than April's pricing.

Though the financial markets were in a very fragile state in 2011, American political institutions today are no more effective, stable and predictable than they were then. One wonders, with that in mind, how S&P might view this latest go-around. By the way, if gold were to replicate its April to September 2011 performance, it would end up trading in the vicinity of $1730 per ounce.

 LATE REPORT 1-19-2018

Gold ended the day on a high note finishing up almost $5 on the day at $1331.67. Silver also finished the day on a positive note, up 7¢ on the magic $17.00 mark.  Gold turned positive last night in Asian trading in concert with a strong Japanese yen and stayed positive through the U.S. trading session. We note that gold at one point in the day's trading flirted with the $1338 level before reversing to close on the day's lows.

On the week, gold was down $6.  Silver was down 22¢. For a week that began with cleaning out the dead timber (short term profit-takers), it didn't end all that badly as the buyers returned.  For gold though, it was the end to a five week winning streak.

If you spend time in the mountains, you learn to respect the destructive power of an avalanche. . . . . .

Quote of the Day
"Last weekend I was in the Swiss Alps in the village of Zermatt at the base of the famous Matterhorn. For several days we had a relentless snowfall not seen for decades. The snow blocked the access to the village both by train and road for several days. The force of this avalanche was of a magnitude that destroyed everything in its way.  This is exactly what we will experience in the world economy and financial markets in coming years. Most avalanches occur spontaneously due to the increased load of snow. Eventually that last snowflake and the weight of the snow triggers the avalanche. . . The force of the financial avalanche coming will be similar to the the avalanche we just had in Zermatt. It is so powerful that everything in its way will be destroyed. And no human intervention can stop it." – Egon von Greyerz, Matterhorn Asset Management

 ____________________________________________________________________

EARLY REPORT 1-19-2018

Gold firmed in early trading today at $1333.46, up $6.60. Silver is up 8¢ on the day at $17.01.  Both began their recoveries in Asian markets overnight following cues from a strengthening Japanese yen. As reported here regularly, gold and the yen have become traveling partners – their fortunes tied nearly lock-step to whatever vagaries affect the value of the U.S. dollar.

Aside: If the press is to be believed, the markets have only one thing in mind these days and that is whether or not the politicians can lay aside their differences long enough to keep the U.S. government in operation. The recognizable problem is that what the politicians seem to be feuding about has more to do with their pet social issues and various palace intrigues than it does with the dirty business of revenue, spending, deficits and the burgeoning national debt, which, by the way, is perilously near the $20.5 trillion mark.  The latter is where the debate should be focused, but you do not see much discussion along those lines, at least insofar as it is reported on the financial pages.  We, however, believe that there is much more affecting these markets than Washington's machinations – stuff of a more visceral and fundamental nature with respect to individual finances and investment – and that is where we will focus our attention on these pages.

Chart of the Day

Chart note:  The one-year chart on gold shows a positive pattern of rising lows and highs – an inherently bullish trend though not a guarantee of future price action.

USAGOLD's
Online Order Desk

If you haven't visited our new Online Order Desk as yet, we invite you to take a test drive. If you have ordered from us in the past, you automatically qualify for online ordering privileges.  We have been pleasantlyt surprised by its instantaneous popularity and the number of clients who have already placed their first order.

One of its most useful features is that you can order anytime day or night and on weekends. The state of the art system updates prices continuously, and we have a good selection of items available typical of most safe-haven precious portfolios. We invite your visit and participation.

Great prices. Quick delivery.  All the time.
Modern gold and silver bullion coins and bars
Historic fractional gold coins (bullion-related)
Historic U.S. gold coins
 ____________________________________________________________________


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.

 ____________________________________________________________________

ORDER DESK
Great prices. Quick delivery. All the time.
Modern gold and silver bullion coins
Historic fractional gold coins (bullion-related)
Historic U.S. gold coins

Phone Orders
8:00 am to 7:00 pm MT weekdays
1-800-869-5115
Extension #100

Prefer e-mail to get started?
orderdesk@usagold.com

oodlink

Your questions are welcome!

safehavenlogo
"It's not a question of IF but WHEN."

minersbars

A magazine-like information packet on today's gold market for newcomers and market veterans alike – six in-depth articles in all.

We invite you to register now
for free immediate access.

__________________________________________

NEWSLETTER SUBSCRIPTION INCLUDED
WITH PACKET

News & Views
Forecasts, Commentary & Analysis
on the Economy and Precious Metals

Monday January 22
website support: sitemaster@usagold.com / general mail: admin@usagold.com
Site Map - Risk Disclosure - Privacy Policy - Shipping Policy - Terms of Use
© 1997-2018 USAGOLD All Rights Reserved
Mailing Address - P.O. Box 460009, Denver, CO USA 80246-0009
1-800-869-5115