Links to recent informative articles on precious metals and rare coins: Dennis Gartman Sees A Bottom In Gold Will China Play The ’Gold Card’? This Week’s Headlines: Gold Silver Rare Coin Report U.S. Mint sold out of 2015 Gold High Relief Recommended Investment Commitment and Diversification GOLD After watching Gold trading in commodity exchanges around the globe on...
GOLD Gold moved higher since the Asian opening at $1,113 per ounce. The rally took the price up to a high of $1,123 per ounce before seeing any serious short term profit taking. Both futures markets and physical Gold products demand remain strong. Price consolidation of the recent gains in the Gold price would be very healthy for the long...
GOLD For most of today’s trading Gold stayed within a narrow $5 high/low price range between $1,113 and $1,118 per ounce. Gold moved above the key $1,100 per ounce resistance level on Monday and held above $1,100 the remainder of the week. Breaking the recent downtrend is a very bullish sign for the future of the Gold price. At 11am...
GOLD After a five day Gold rally which took the price from $1,086 to $1,125 per ounce (a $39 increase) we saw some short term profiting taking today. This is the fourth day above the important $1,100 per ounce level and demand remains strong on both futures contracts and physical products. At 11am PDT today, Gold is trading at $1,116...
GOLD The combination of the continued devaluation of the Chinese Yuan, resulting in a weaker U.S. Dollar, is helping to drive Gold and Silver higher. Gold rallied today, reaching a high of $1,126 per ounce before seeing short term profit taking. At 11am PDT today, Gold is trading at $1,124 per ounce, up $16 on active volume. SILVER This morning...
GOLD This morning Gold continues its breakout above the key resistance level of $1,100 per ounce. Today, China devalued its currency approximately 2%, which caused the Yuan to fall to the lowest level in 3 years. Weak domestic economic data drove the Chinese central bank to devalue its currency. This move makes Gold more expensive in Chinese Yuan and could...
GOLD Gold traded down to $1,089 per ounce in early trading. Gold found excellent support and demand at that level and quickly rallied back to the $1,110 area. It appears that many of the short sellers are covering their sales. At 11am PDT today, Gold is trading at $1,105 per ounce, up $11 on active trading. SILVER Today: in early...
Links to recent informative articles on precious metals and rare coins: Perth Mint & U.S. Mint Cannot Meet Demand as Gold Bullion Demand Surges China’s Secret Gold Hoarding Strategy Gold American Eagle bullion sales in July more than double June’s total This Week’s Headlines: Gold Silver Rare Coin Report U.S. Mint sold out of 2015 Gold High Relief Recommended...
GOLD Gold stayed within its recent trading range today after the U.S. Labor Department reported that the economy added 215,000 jobs in July and the unemployment rate remained steady at 5.3%. Gold continues consolidating in the $1,080 to $1,100 per ounce range. At 11am PDT today, Gold is trading at $1,094.56, up $4.08 on above average volume. SILVER Silver tested...
GOLD Physical and future demand was very strong in overnight trading and Gold quickly rallied to its high of $1,094 per ounce. There are one or more major buyers on many of the world’s Gold exchanges when Gold gets into the $1,080 area. At 11am PDT today, Gold is up $4 per ounce, trading at $1,090 per ounce on excellent...