GOLD The Gold Market has been higher from the start of this morning’s trading. The market opened in Asia at $1,740 and has been in a thin $10 trading range. We will continue to see increased demand if Gold stays at it’s a price support level. At 11am PDT today, Gold is trading at $1,745.70, up $7.30 per ounce on...
GOLD Better domestic and Chinese economic data released today caused Gold to test the $1,730 per ounce level this morning. This is a very important resistance level, and I am seeing trading volume increase dramatically (higher than every day last week) and it looks like the support price should hold. Remember, many of the largest rallies we have seen in...
This week’s Market Report discusses the Gold/Silver consolidation as they continue to build an excellent base for the next breakout above their current resistance levels. Also, the October 2012 CoinStats update is now available for $20 Gold Saint Gaudens, $20 Gold Liberties, Morgan & Peace Silver Dollars, and the Walking Liberty Half Dollar series. GOLD Last week was very lackluster...
GOLD The base building continues for the Gold price, as it trades in a narrow range with sizeable demand in the sub $1,760 per ounce area. At 11am PDT today, Gold is trading at $1,760.60 per ounce, down $8.40 per ounce today on light volume. GOLD DEMAND IS STRONG Gold holdings in exchange-traded funds rose for the eleventh straight day...
GOLD Gold has been trading in a very narrow $12 trading range all day, with a low of $1,764 and a high of $1,776. This is normal during a consolidation phase as the base of the Gold price continues to rise. Demand continues to be strong as Hong Kong reported today that China imported 53 tons of Gold during August...
GOLD Gold is trading at the bottom end of recent trading at the $1,760 to $1,795 per ounce range today. I believe this is an excellent price for adding Gold to your investment holdings. Not a lot of precious metal news to report today, while the Gold price trades in a very narrow range. At 11am PDT today, Gold is...
GOLD Late yesterday the International Monetary Fund (IMF) cut its global economic growth forecast and warned things could get much worse if the eurozone crisis continues. This morning Gold tested the $1,760 support level and held. At 11am PDT today, Gold is trading at $1,766 per ounce, down $8.40 per ounce on average volume. SILVER Silver has been weak...
This week, as Gold consolidates in the $1765 to $1795 area and starts its run to all-time highs, learn what’s next. I also discuss what should happen with Silver, which has stabilized above $34 an ounce and has become very bullish on its way to $38 per ounce. Also, the October 2012 CoinStats update is now available. GOLD Gold continues...
GOLD The Gold market opened lower in Asia, reaching $1,765 at one point, on last week’s US non-farm payrolls report. That report showed an increase of 114,000 jobs for September, dropping the unemployment rate to a 44-month low of 7.8 percent from 8.1 percent previously. This was significant because the US Federal Reserve has linked its open-ended monthly purchases of...
GOLD This morning, Asian Gold traded at a yearly high of $1,796 per ounce on active volume. When the U.S. unemployment number showing a decline to 7.8%, for the month of September was released, Gold quickly sold off to $1,772 per ounce. Then the bulls came back, and Gold rallied back. At 11am PDT today, is trading at $1,778 per...