Daily Market Report

GOLD It was announced this morning that the U.S. trade deficit jumped almost 18% ($42.6 billion) in October as imports rose to the highest level in 14 months. Which is interesting to hear as the dollar rose slightly today. Today is an exciting day as Gold becomes an acceptable investment in Islamic finance for 1.5 billion Muslims. The Accounting and...

GOLD Gold sold off this morning, reaching a low of $1,157 per ounce. Bargain buyers continue to get aggressive every time Gold hits a new 9 month low. This is a classic Bull/Bear war in the Gold market around the globe. Historically, based on today’s basic fundamentals (shown in last week’s WMR), Gold always wins. At 11am PDT today, Gold...

GOLD Today, it was announced that the U.S. economy added 178,000 jobs in November. The unemployment rate fell to 4.6% from 4.9% the previous month. This news is normal for precious metals, but both Gold and Silver moved higher. At 11am PDT today, Gold is up $3, trading at $1,175 on average volume. SILVER Silver continues to find excellent price...

GOLD The Gold price remains on the defensive, looking for a turn-a-round. My indicators are showing that turn-a-round is coming very soon. Those indicators include precious metal equities, open interest in the futures market, trading volume and the option trading on Gold stocks especially ETF’s. At 11am PDT today, Gold is trading at $1,172 per ounce, down $4 on heavy...

GOLD With the U.S. Dollar continuing to make new highs, and the stock market’s rally, the Gold price sold off again today. Gold hit its recent $1.171 per ounce support level before rallying. Stay optimistic, there is great news on the horizon; please read the following two articles: Trump meeting with ex-bank CEO who wants to abolish the Federal Reserve...

GOLD Today the Gold price is trading between $1,181 and $1,195 on good volume. I would like to see the price move above $1,200 to bring in support from active traders. At 11am PDT today, Gold is trading at $1,190 per ounce, down $1 on good volume. SILVER This morning Silver continued to find strong buying at the $16.50 per...

GOLD This morning Gold has traded higher from the opening bell. In the face of a very strong U.S. Dollar and heavy redemption in the ETF Gold funds, Gold has found major buying. A move back above $1,200 per ounce this week would confirm the bear trend has ended in Gold markets. At 11am PDT today, Gold is trading at...

GOLD Like I have shared numerous times, Gold is a world currency. Global economic news combined with exchange rates has a major bearing on the Gold price worldwide. Gold investors and Central banks around the world are looking at a major increase in the value of Gold and are aggressively buying. While Americans are benefiting from a strong U.S. Dollar...

GOLD Today, with the U.S. Dollar hitting a 13-year high versus the Euro and a basket of world currencies, Gold has held well above the key $1,200 per ounce support level. Gold hit a high of $1,222 in Asian trading this morning before the Dollar rally. At 11am PDT today, Gold is trading at $1,213 per ounce, up $2 with...

GOLD Gold opened higher, reaching $1,218 per ounce in Asian and European markets. Last Friday’s low of $1,201.30 appears to be the low, and fresh buying is driving the price higher. At 11am PDT today, Gold is trading at $1,211 per ounce, up $3 on good volume. SILVER Silver bottomed out at $16.43 per ounce last Friday, and we are...