Daily Market Report

GOLD Gold has traded in a narrow $10 high/low range today, mostly above the key $1,250 per ounce support level. Gold is in a consolidation mode, firmly establishing the $1,250 per ounce level as a base. This is very good for the next leg higher, which I believe will test the $1,300 level by month’s end. At 11am PDT today...

GOLD A strong U.S. Dollar and an increase in the 10-year Bond price put Gold on the defensive from market’s open. Gold reached a low of $1,244 before bargain buyers appeared. It’s important that Gold close above $1,250 by Friday. At 11am PDT today, Gold is trading at $1,248 per ounce, down $9 on good volume. SILVER Today marks the...

GOLD The Gold rally continues with Gold hitting a high of $1,261 before seeing some light profit taking. Demand remains strong on physical, futures, options and equities markets. Look for a move to the $1,265 level soon, on the way to the $1,300 area by the month’s end. At 11am PDT today, Gold is trading at $1,257 per ounce, up...

GOLD This morning Gold is trading in a narrow range between $1,244 and $1,250 per ounce in Asian and European markets. I believe Gold will move back above the key $1,250 level during this week. At 11am PDT today, Gold is up $4, trading at $1,253 per ounce. SILVER Silver sold off this morning in Asian and European markets, reaching...

GOLD There was Asian selling in the Gold market overnight, driving the price down to $1,239 per ounce. When European and U.S. Gold markets opened, the Gold price started moving higher on good demand. At 11am PDT today, Gold is trading at $1,249 per ounce, up $3 on good volume. SILVER The Silver price continues to show excellent support over...

GOLD Gold has traded today above and below the $1,250 per ounce level, hitting a low of $1,244 and a high of $1,254. On a short-term basis, it’s important that Gold stay above $1,250 for four or five trading days to continue the bullish direction. At 11am PDT today, Gold is trading at $1,246 per ounce, down $7.50 on good...

GOLD Gold tested its important $1,250 per ounce support level, reaching a low of $1,247 this morning. Gold continues to consolidate in a narrow $7 trading range. At 11am PDT today, Gold is trading at $1,254 per ounce, down $1 on normal volume. SILVER Like Gold, Silver tested its support level of $18 per ounce this morning, hitting a low...

GOLD Today Gold has traded in a narrow $7 high/low range, from $1,258 to $1,251 per ounce. After breaking above an important resistance level ($1,250), it is very healthy for Gold to consolidate its recent gains and start building a base for the next leg higher. At 11am PST today, Gold is trading at $1,255 per ounce, unchanged from yesterday...

GOLD This morning in Asian and European markets Gold broke through the $1,250 barrier, reaching a high of $1,261 per ounce on short covering. In U.S. markets, Gold saw some light selling at the $1,260 level. A lower stock market and weaker U.S. Dollar contributed to the Gold rally. At 11am PST today, Gold is up $6.50, trading at $1,255...

GOLD Today, Gold is trading in a narrow $9 high/low range, between $1,250 and $1,241 per ounce. Gold is preparing to quickly move above the key $1,250 per ounce resistance level early next week. At 11am PST today, Gold is trading at $1,249 per ounce, up $2 on average volume. SILVER The Silver price continues to show more strength than...