Untitled Document
Coins & bullion since 1973


Daily Gold Market Report
gold prices

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

Today's top gold news & opinion

A live daily newsletter

The 'Who, What, When, Where, Why
and How' of Gold Investment

Want the keys to the kingdom?

Learn how to protect and build
your wealth through precious
metals ownership.

We invite you to enroll in this one-a-day, six-part tutorial sponsored by USAGOLD. Put our nearly half-century of gold market experience to work for you. [MORE]

Includes a one-time attractively-discounted
introductory offer.

Live London Gold News Wire
1 to 2 hours old
www.usagold.com --LIVE NEWS--
Can Bitcoin Replace Gold as the Crisis Investment?19:13
Barron's Online - US
2 to 4 hours old
www.usagold.com --LIVE NEWS--
Yum China's Panic Attack After a Scrapped Go-Private Offer Is Long-Term Gold18:00
Fox News - Markets
Yum China's Panic Attack After a Scrapped Go-Private Offer Is Long-Term Gold17:55
The Motley Fool
Sabi Gold Mine To Become Biggest Gold Producers17:15
Pindula - Business
The Right Price: Are Pretium Resources And Detour Gold For Sale?16:54
Seeking Alpha - Investment Ideas
Storm Clouds Are Lifting For Gold16:54
Seeking Alpha - Macro View
4 to 6 hours old
www.usagold.com --LIVE NEWS--
NUM, Anglo sign gold wage agreement16:14
Swedish Systemair HSK opens Turkey's first LEED Gold Certified air handling unit factory15:31
Daily Sabah - Business
Coeur to Present at the Denver Gold Forum15:01
Business Wire (Press Release)
Gold Seeker Weekly Wrap-Up: Gold and Silver Find Modest Gains on the Week14:36
IRICA: Gold, Forex Imports Not Smuggling14:36
Financial Tribune - Domestic Economy
Gold Price Not A Problem For Miners – Corvus CEO14:33
Kitco - News Bites
6 to 8 hours old
www.usagold.com --LIVE NEWS--
Jewellery shares fall on fear of gold import curbs; Titan down 4.73%14:04
The Business Standard - Economy-Policy
Gold Price Forecast: Range play intact, focus on Fed's forward guidance13:44
FXstreet - Latest Analysis
COT Gold, Silver and US Dollar Index Report - September 21, 201813:36
‘Sabi Gold Mine should be biggest producer’13:13
ZBC News Online - Business
Signals for the Coming Crash in Stocks and Rally in Gold13:05
A Most Unusual And Interesting Gold Market12:49
Gold Futures Settle Lower As Dollar Rebounds12:31
London South East
Junior exploration roundup: Plateau Energy, Radius Gold, NGR Metals, Dajin, Sable12:27
Business News Americas - Mining
Earlier Today
www.usagold.com --LIVE NEWS--
Gold prices end at 1-week low as stocks hit records and the U.S. dollar regains buoyancy11:45
Gold takes it on the chin after rally fails. Can the price momentum break out of the range?11:34
Gold Facing Downtrend, Positive Divergent is observed11:15
Investing.com - Commodities
Why You Need to Buy This Streamer Right Now Before the Gold Market Rises11:07
The Motley Fool (Canada)
GATA appeals to the new Shareholders Gold Council11:01
Bullish Or Bearish: Gold's Next Trend Is Up To The Fed10:47
Kitco - News Bites
Gold Exodus To Reverse10:36
Gold Declines on Dollar Strength10:16
The Wall Street Journal - Markets
Gold Exodus to Reverse10:08
Morocco’s Managem Presents Gold Mining Feasibility Study to Gabon09:48
Morocco World News - Business
Gold Prices Fall, Still on Track for First Weekly Climb in 409:48
Investing.com UK - Commodities
Is This Time Really Different In Regard To Fed Tightening Vis-à-vis Gold Price?09:42
Gold Prices Fall, Still on Track for First Weekly Climb in 409:27
Investing.com - Commodities
#Miningstocks: Generic Gold (CSE: GGC) Announces Completion of Drill Program on Its VIP Gold Project, Yukon09:24
Gold Expected To Gain Some Luster After Fed09:19
Kitco - News Bites
Is This Time Really Different? Fed Tightening and Gold09:01
Why the Next Market Crash Will Not Take Gold Down08:52
The Market Oracle - The Market Oracle
Despite Red Flags At Surgery Centers, Overseers Award Gold Seals08:43
Gold Flash-Crashes Below $1200, Over A Billion Notional Puked In 1 Minute08:24
Zero Hedge (Weblog)
Paulson launches alliance to seek better returns in gold sector08:19
Reuters - Financial Services & Real Estate
Paulson launches alliance to seek better returns in gold sector08:15
Reuters.co.uk - Mergers & Acquisitions - Asia
Paulson launches alliance to seek better returns in gold sector08:14
Mining Weekly - Gold
Asia Gold: India discount widest in three months; China activity nudges up08:10
Reuters - Business
Gold Extends Early Losses As USDX Moves To Daily High07:59
Kitco - News Bites
Gold Prices Remain Down Following Mix Preliminary U.S. PMI Data07:59
Kitco - News Bites
Asia Gold-India discount widest in three months; China activity nudges up07:58
Reuters - Industry, Materials & Utilities
Standard Chartered Sees Gold Rising After FOMC Meeting07:48
Kitco - News Bites
Central Bank Gold Purchases Now Control 10% Of The Total Market07:34
Investing.com - Commodities
LAWRIE WILLIAMS: Gold: Russia adds another million07:30
Sharps Pixley
Goldman Trims Gold Forecast But Sees Prices Rising07:27
Kitco - News Bites

Gold hammered lower on combination of Fed Week and upcoming options expiration

(USAGOLD – Friday, September 21, 2018) – Today's sell-off in gold – down as much as $14 at $1193 in early trading – came on the COMEX open and coincided with a major sell-off of foreign currencies across the board led by the British pound. Given the broad circumstances, our best guess is that the downside is a reaction to next week's Fed meeting. It is a given that the U.S. central bank will raise interest rates by a quarter point. The gold and FOREX markets though are probably registering concern about an announcement, or allusion, to further increases running into 2019. We also have October gold and silver options expiration Tuesday next week. Gold has a history of selling off during Fed Week. It also has a history of selling off at options expiration. Perhaps the combination of the two – even though October is a light month for futures volume – served as inspiration to the shorts, or perhaps even one aggressive short, to unceremoniously hammer gold lower. As we post today's report, we see the metal has retraced some of its earlier losses – down now about $10 on the day.

We will update later if more information surfaces.

Quote of the Day
“Those who held funds in dollars, pounds or other stable currencies, or in gold, saved their capital. The government set up rigid exchange controls as the inflation proceeded. As usual under such conditions, a black market flourished. The ones who fared best were the small minority who had the foresight to exchange marks into foreign money or gold very early, before new laws made this difficult and before the mark lost too much value.” – Scientific Market Analysis, The Nightmare German Inflation

Chart of the Day

Chart courtesy of TradingEconomics.com

Chart note: This chart illustrates how quickly things can swing from placid to nearly out of control. As you see, for six years between 2008 and 2014, the Argentina peso held relatively steady against the U.S. dollar (right scale). Then the wheels came off.  Argentina is now seen as something of a poster child for emerging countries debt and currency problems. Those who own gold in Argentina understand the value of laying in the proper hedge ahead of a currency crisis and few would argue with the wisdom offered in our Quote of the Day. Few believe that Argentina’s problems will vanish as quickly as they appeared.

8:24 pm Fri. September 21, 2018

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

Invest in gold and silver at our
Open live pricing 24/7!

Your questions are welcome!
Extension #100

8:00 am to 7:00 pm MT weekdays

Prefer e-mail to get started?

Better Business Bureau A+ 5-Star Rating
Since 1991 / Zero Complaints / See Reviews

American Numismatic Association since 1975 Industry Council for Tangible Assets since 1985

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.) 


Friday September 21
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