Daily Market Report

GOLD Gold continues to consolidate its recent gain today, trading between $1,230 and $1,240 per ounce. I would like to see Gold move above the $1,240 level by month end to confirm the bullish trend. At 11am PST today, Gold is trading at $1,235 per ounce, down $2 on average volume. SILVER Silver has shown excellent support every time it...

GOLD Gold has traded in a narrow range during the long holiday weekend, staying in the $1,230 to $1,240 price area. We are seeing excellent price consolidation as Gold builds a base for the next move higher. At 11am PST today, Gold is trading at $1,237 per ounce, down $2 on active volume. SILVER Silver has traded above and below...

GOLD After another up week, Gold is settling into a nice tight trading range between $1,236 and $1,244 per ounce today. Gold continues to move higher this year at an excellent gradual pace. At 11am PST today, Gold is trading at $1,238 per ounce, down $2 on average volume. SILVER After a brief correction to $17.95 per ounce, Silver has...

GOLD Gold is back on its bullish track today, having reached a high of $1,242 before seeing some light short-term profit taking. The U.S. Dollar weakened and the Gold price quickly moved up to $1,242 from this week’s low of of $1,217 per ounce. At 11am PST today, Gold is trading at $1,240 per ounce, up $9 on excellent volume...

GOLD As the U.S. Dollar continued to rally versus other world currencies, the Gold price dropped to $1,217 in early trading. At that price bargain buyers appeared and the Gold quickly rallied $10 per ounce. At 11am PST today, Gold is trading at $1,231 per ounce, up $8 on excellent volume. SILVER Silver has traded today within a 1% range...

GOLD In the face of a strong U.S. Dollar, Gold is consolidating in a narrow range between $1,221 and $1,234 per ounce today. Fed Chairwoman, Janet Yellen, testified to congress, confirming that the Fed is still considering 2 to 3 interest rate increases, based upon economic data. At 11am PST today, Gold is trading at $1,223 per ounce, down $2...

GOLD A strong U.S. Dollar and equity market caused Gold to sell-off this morning. Gold reached a low of $1,220 per ounce and found bargain buyers. Gold continues to show excellent support and I look for this retracement to be brief. At 11am PST today, Gold is trading at $1,225 per ounce, down $8 on good volume. SILVER Silver briefly...

GOLD In early morning Asian trading, the U.S. Dollar rallied and Gold/Silver sold off. Gold reached a low of $1,221 per ounce, at which point it quickly rallied $10 in the face of a strong U.S. Dollar. At 11am PST today, Gold is trading at $1,233 per ounce, down $2 on average volume. SILVER Silver was briefly brought above the...

GOLD Today Gold has been trading between $1,230 and $1,244 per ounce, showing excellent support. Gold is also showing good consolidation today, as it builds a higher base for a move to $1,250 this month. At 11am PST today, Gold is trading at $1,235 per ounce, down $4 on good volume. SILVER Silver hit support this morning at $17.60 per...

GOLD The Gold rally continues, moving to $1,244 per ounce this morning and heading to the next resistance level of $1,250 very soon. What is interesting about the current rally is that it it happening in the face of a strong U.S. Dollar, which is normally a negative factor. At 11am PST today, Gold is trading at $1,239 per ounce...