Daily Market Report

After yesterday’s testimony from our new Treasury Secretary Janet Yellen saying she didn’t support a strong dollar. . . .Barry Stuppler

This morning on Asian and European commodity exchanges opened higher on excellent volume. The Gold price. . . .Barry Stuppler

A rally in the U.S. Dollar Index (90.70) and a uptick in the 10-Year Treasuries (1.15%) caused by decline in December U.S. retail sales numbers . . . . Barry Stuppler

The U.S. Dollar Index is staying above 90, 10-Year Treasuries remains above 1% while Gold is just staying in the $1,850 neighborhood . . . . Barry Stuppler

The 10-year Treasury yields dropped from a 10-month high today. This helped pull down the U.S. Dollar Index. . . .Barry Stuppler

Gold found fresh buying in overseas trading this morning, reaching a high of $1,862 for seeing selling, primarily in the U.S. market. . . .Barry Stuppler

This morning on Asian and European commodity exchanges the margin calls to Gold contract owners went out. This caused the. . . .Barry Stuppler

I didn’t see today’s correction coming, but a combination of a number negative issues all hit the market at the same time. . . .Barry Stuppler

Gold is holding well above the key $1,900 per ounce support level. Gold traded today between $1,905 and $1,920 per ounce. . . .Barry Stuppler

Gold reached a high of $1,959 in overseas trading before seeing a major selloff. A stronger U.S. dollar combined. . . .Barry Stuppler