Silver Market Morning: Oct-12-2015
Snippet:
The economic state of nations is not critical to the gold price. It is the exchange rate resulting from that scene that is. But with interference in exchange rates by the different authorities in various ways, distortions have occurred in their values. At the same time confidence in those values has waned. We are therefore moving into an era where these distortions impact on confidence in the monetary system.
Gold Today –New York closed with the gold price at $$1,157.30 up from $1,139.90. In Asia this morning gold rose to $1,165 ahead of London’s opening. The gold price was set at $1,164.20 up from $1,151.50 at the LBMA gold setting.
Monday, October 12th
First published here: Silver Market Morning: Oct-12-2015
