Market Updates

Senior Trader Daily Update 19 December 2017

Hello everyone. The progress of US President Trump’s (and the Republican party’s) tax reforms held sway over the markets and related uncertainty fed into a weak US Dollar...

Gold and Bitcoin: Podcast on the “Best Party in Finance”

Cryptocurrencies have been in the news again this week, with RBA governor Phillip Lowe describing Bitcoin as a speculative mania!Following on from his detailed report tit...

Senior Trader Daily Update 14 December 2017

Hello everyone. Gold and silver (in both USD and AUD terms) experienced what is commonly known as a “buy the rumour / sell the fact” rebound (or in this specific instance...

Senior Trader Daily Update 12 December 2017

Hello everyone, The bad news for precious metals (and specifically gold investors) is that some major support levels have ceded over the past few sessions with “risk on”...

Senior Trader Daily Update 7 December 2017

Good morning everyone. Mixed trade was seen in gold on Wednesday, while silver and platinum were pressured lower. Gold slipped modestly after the release of the latest pr...

Gold breaks below key moving average – plus the latest on Crypto!

The gold price broke below the key 200 day moving average this week, with the yellow metal currently trading just below USD $1,265oz. There is support at these levels, th...

Senior Trader Daily Update 6 December 2017

Good morning everyone.Gold traded to its lowest level since August 9th in USD terms as the markets remained confident that the US Tax Reform legislation presently making...

Senior Trader Daily Update 2 December 2017

Hello everyone,Precious metals markets were ambling into the weekend on Friday until financial markets were thrown into late turmoil when a bottom-feeding ‘journalist’ fr...

Senior Trader Daily Update 1 December 2017

Good morning everyone. Gold and silver continued their southern drift on Thursday, pressured lower by the Dow Jones Industrial Average registering a record high above 24,...

Gold up 12% for the year. Aussie housing declines.

It’s been a mixed week for precious metals bulls, with the price of gold originally retesting the crucial USD $1,300oz mark, before pulling back to current levels around...

Senior Trader Daily Update 30 November 2017

Good morning everyone. XAU/USD was driven back down into the middle of its well-established 1265 to 1295/1300 range on Wednesday, finding support between its 21 & 100 Day...

Senior Trader Daily Update 29 November 2017

Good morning everyone.Precious metals markets saw sideways, choppy, rangebound price action on Tuesday in spite of: US equities continuing to scale record highs, fuelled...

Senior Trader Daily Update 21 November 2017

Good morning everyone. Having posted strong gains on the back of Greenback weakness (particularly against the JPY) on Friday, news on Monday that a breakdown in negotiati...

Bitcoin, Dollars, Gold: What is the Future of Money?

Over the last few weeks, ABC Bullion Chief Economist Jordan Eliseo has been busy preparing a key research report on Bitcoin, Gold and Cryptocurrencies.This report covers...

Podcast: Weak Wages, Global Uncertainty and the Crypto Craze - with Jordan Eliseo

The fragility in the Australian consumer sector was underscored this week by yet another weak set of wages data, with the wage price index coming in well below what the m...

Weekly Technical and Precious Metals Positioning Report - Gold - 17th November 2017

Crypto-currency - Extraordinary Popular Delusions and the Madness of Crowds

By John Feeney, ABC Bullion

Jim Rickards Interview with ABC Bullion at Custodian Vaults

On Monday 30th October, ABC Bullion was fortunate enough to interview Jim Rickards, one of the world’s leading precious metal analysts and author of New York Times bestse...

Senior Trader Daily Update 3 November 2017

Good morning everyone. Thursday saw a few more items ticked off the week’s ‘bucket list’ but gold and silver held station within recent ranges. First cab off the rank was...

Senior Trader Daily Update 2 November 2017

Good morning everyone. Choppy trading within the recent range for precious metals was seen in reaction to the release of a raft of economic data and ahead of the US Feder...

Dollar Rally Hits Gold, AUD Sinking, Rickards in Sydney

It’s been a tough few weeks for precious metals bulls, with the price of gold declining to USD $1,275oz, now down nearly 6% from the levels it was trading at in early Sep...

Senior Trader Daily Update 31 October 2017

Good morning everyone. Mixed trade on Monday saw gold and silver in USD and AUD terms firm modestly as investors understandably took a “wait and see” approach and strappe...

September Pullback in Gold as Markets and Dollar Rally

Precious metal prices eased in September, with the price of gold declining by nearly 2%, and silver easing by almost 4%. The month had started off strongly, with gold pus...

Senior Trader Daily Update 4 October 2017

Good morning everyone. Gold and silver trekked sideways in US Dollar terms for the most part during the Far Eastern timezone yesterday, which was affected by National Day...

Senior Trader Daily Update 29 September 2017

Good morning everyone and Happy Friday as the curtain comes down on another month (and quarter) for the year. Mixed trade on Thursday saw bargain hunters lift gold and si...

Senior Trader Daily Update 27 September 2017

Good morning everyone. Gold and silver retreated on Tuesday particularly in US Dollar terms. Profit taking into the North Korean geopolitical news-triggered rally hit the...

Senior Trader Daily Update 26 September 2017

Good morning everyone. Event risk came to the fore again on Monday to cast off the weight of last week’s bearish FOMC policy statement on precious metals values and to la...