Daily Market Report

GOLD $1,250 per ounce is an excellent support level, and today Gold briefly broke below it, reaching $1,242 before quickly rallying back. Monday will be an important day to find out how much support the Asian, Middle Eastern, and European markets will provide. At 11am PDT today, Gold is trading at $1,254, up $3 on active volume. SILVER After hitting...

GOLD Gold hit a four month low this morning of $1,250 per ounce, a major support level, before finding sizeable buying. I believe the worst is over, Gold should find support at this level and, after a short period, start moving back to the important $1,300 level. This week’s decline was focused on cleaning out the short term speculators and...

GOLD After Gold’s correction yesterday, based on U.S. manufacturing numbers, a lot of day traders cleared out their positions. We saw a strong bottom on Gold today when it hit $1,262. Now we are starting to see Gold recovering and developing a base. This is an excellent Gold buying opportunity if you are a long term buyer, as the U.S...

GOLD In early trading, the Gold price broke below the important $1,300 per ounce level after upbeat U.S. manufacturing data stoked expectations that the Federal Reserve would hike interest rates by year-end, driving the Dollar higher. After Gold broke below the $1,300 level, sell stops were triggered and professional traders shorted Gold which quickly drove the price lower, reaching $1,281.50...

GOLD This morning Gold is trading in a very narrow $9 high/low price range. Gold has found excellent support around $1,310, but resistance at $1,319 per ounce. At 11am PDT today, Gold is down $3 per ounce, trading at $1,312 per ounce on average volume. SILVER Silver continues to trade above and below the important $19 per ounce support level...

GOLD Gold is showing good physical demand and price support above the key $1,300 per ounce level. At 11am PDT today, Gold is trading at $1,315 per ounce, down $7 on normal volume. SILVER This morning Silver found major buyers at its low of $19.04 per ounce in Asia and Europe. The price rallied $0.30 above its low as demand...

GOLD Concerns about the financial health of Deutsche Bank, one of Germany’s largest banks, has caused our equity markets to decline and has increased demand for precious metals. Gold traded in a narrow $10 high/low range on good volume. At 11am PDT today, Gold is trading at $1,324 per ounce, up $1 on good volume. SILVER For the most of...

GOLD Gold declined this morning as the U.S. Dollar continued its rally after Monday’s presidential debate polls showed Clinton was a clear winner. Gold reached a one week low of $1,318 per ounce in Asian trading this morning before serious buying appeared. At 11am PDT today, Gold is down $4 per ounce, trading at $1,323 on normal volume. SILVER Silver...

GOLD After last night’s presidential debate, Clinton’s positive performance caused the U.S. Dollar and stocks to rally sharply. Gold declined today, testing its $1,325 support level, but found excellent support at that level. At 11am PDT today, Gold is trading at $1,327 per ounce, down $13 on average volume. SILVER Silver tested it’s $19 per ounce support level this morning...

GOLD This morning Gold continues to build its base in the $1,340 per ounce price area. Physical demand for Gold investment products is growing in Asia and Europe. At 11am PDT today, Gold is trading at $1,340 per ounce, up $2 on average volume. SILVER Silver tested its recent support level of $19.40 this morning, reaching a low of $19.39...