Daily Market Report

GOLD The value of the U.S. Dollar and stock markets dropped today and Gold moved up $13 per ounce. Professional traders are beginning to think the Trump stock market rally has ended and are looking at precious metals. At 11am PDT today, Gold is up $13, trading at $1,246 per ounce on excellent volume. SILVER Silver followed Gold higher, reaching...

GOLD This morning Gold has traded in a very narrow trading range from $1,229 to $1,236 per ounce. I consider this as bullish base building trading, in light of last week’s $30 rally. At 11am PST today, Gold is trading at $1,233 per ounce, up $4 on normal volume. SILVER This morning Silver traded above and below the $17.40 per...

GOLD The Yellen rally continues with Gold reaching a high of $1,231.60 this morning. After this week’s $30+ gain in the price of Gold, it is good to see some consolidation in the price. This consolidation will allow Gold to build a base for the next leg up, back to the important $1,250 per ounce resistance level. At 11am PST...

GOLD Yesterday, during Chairman Yellen’s press conference, it was made clear that the four rate hikes the market was concerned about weren’t for sure. After this news the U.S. Dollar weakened, treasury bonds dropped, and Gold & Silver rallied. Gold quickly moved over $1,215 per ounce and kept going in after-market trading and Asian markets. At 11am PST today, Gold...

GOLD In over-night trading Gold was treading water, awaiting today’s announcement from the Federal Reserve on interest rates. It’s 11am and the Federal Reserve just confirmed it was raising interesting rates by ¼%, to between ¾% to 1%. Initially, Gold rallied $10 and is now awaiting the Yellen press conference. At 11am PST today, Gold is trading at $1,210 per...

GOLD Gold is trading in a tight $7 high/low range, awaiting the official announcement from the Federal Reserve regarding higher interest rates. Thus far, today’s high has been $1,207 and the low $1,200 per ounce, continuing to be above the key $1,200 support level. At 11am PST today, Gold is down $1, trading at $1,203 per ounce. SILVER This morning...

GOLD This morning Gold reached a high of $1,211 in Asian trading. Gold has stayed above the key $1,200 support level today, which is a good indicator that the recent bear trend is over. At 11am PST today, Gold is trading at $1,204 per ounce, up $1 on excellent volume. SILVER This morning, Silver has trade between $16.93 and $17.17...

GOLD During the past 24 hours, Gold has traded above and below the key $1,200 per ounce level. There was active Gold trading in Asian, Middle Eastern, and European markets as bargain buyers appeared. At 11am PST today, Gold is trading at $1,203 per ounce, down $2 on excellent volume for a Friday. SILVER Silver hit a low of $16.83...

GOLD This morning Gold hit a low of $1,201.40 and quickly bounced back $5 on heavy buying. Gold has now declined for eight straight days from $1,253 level. Gold is now showing increasing physical, futures and equity demand at the key $1,200 per ounce support level. If Gold can hold this level for the next couple of trading days, I...

GOLD Gold breaking below the 100-day moving average of $1,218 per ounce this morning causes me to think the price could test the $1,200 support level. I believe $1,200 level will hold, and any test of that level will be very brief and probably happen in Asian or European markets. With all of Gold’s bullish long-term fundamentals looking better and...