Gold and Silver Market Morning: March-21-2016 — Gold consolidating but firm at these levels, silver rising!
By: Julian D. W. Phillips, Gold Forecaster
GoldSeek.com
Monday, 21 March 2016
Gold Today –Gold closed in New York at $1,256.00 on Friday not far different from a week ago. On Monday morning in Asia, ahead of London’s opening it was pushed down to $1,244.00. London then held it there until the LBMA price setting was set at $1,244.25 down from a week ago where it was set at $1,262.25.
The dollar index continues to see new low levels and this morning stood at 95.12 down from a week ago at 96.56. We continue to hold the view that the Dollar Index goes whichever way the Treasury wants and that’s not higher!
The dollar is down against the euro at $1.1277 from last week’s$1.1106.
The gold price in the euro was set at €1,103.30 down from €1,136.50 last week. Please note that the dollar is falling at the same time as gold is, contrary to ‘normal’ behavior.
Ahead of New York’s opening, the gold price was trading at $1,247.30 and in the euro at €1,106.06.
Silver Today –The silver price closed in New York at $15.82 up over 26 cents on the week before. Ahead of New York’s opening the silver price stood at $15.85.
Gold (very short-term)
The gold price will consolidate, in New York today.
Silver (very short-term)
The silver price will consolidate, in New York today.
The Rest…HERE
