Daily Market Report

GOLD Gold is trading in a narrow $12 high/low range today between $1,276 and $1,264 per ounce. Traders continue to wait for news from the Federal Reserve or on the presidential election. At 11am PDT today, Gold is down $6, trading at $1,267 per ounce on normal volume. SILVER Silver sold off this morning, reaching a low of $17.55 before...

GOLD Gold continues its move back towards the $1,300 per ounce resistance level. Gold demand is picking up in both the physical and futures markets. At 11am PDT today, Gold is trading at $1,273 per ounce, up $10 on excellent volume. SILVER Silver followed Gold’s rally, reaching a high of $17.83 per ounce. $18 per ounce is an important resistance...

GOLD Gold opened unchanged in Asia and traded in a narrow $8 range as it moved into the Middle East and Europe. $1,260 per ounce is showing to be an excellent support level. At 11am PDT today, Gold is trading at $1263, up $4 on above average volume. SILVER Silver reached a high this morning of $17.89 per ounce before...

GOLD Gold continues to trade in a narrow high/low price range, awaiting news that will give it short term direction. This morning Gold hit a high of $1,268 and a low of $1,261 per ounce, only a $7 range. At 11am PDT today, Gold is trading at $1,267 per ounce, unchanged from Thursday’s close on average volume. SILVER Silver has...

GOLD After this week’s $20 Gold rally, the markets are consolidating in a narrow $10 high/low trading range. I look for Gold to firmly move back above the $1,270 level quickly and continue on to the $1,300 level. At 11am PDT today, Gold is trading at $1,267 per ounce, down $2 on average volume. SILVER Silver is comfortable trading above...

GOLD The Gold/Silver rally continues with Gold moving over $1,270 this morning on excellent demand from Asia, the Middle-East and Europe. Gold hit a high of $1,273.50 before seeing some light short term profit taking. At 11am PDT today, Gold is trading at $1,269.50 per ounce, up $7.50 on excellent volume. SILVER Silver continues to show good consolidation in the...

GOLD Yes, today Gold has started its rally back to $1,300 by breaking out of its recent trading range. In Asian and European trading, Gold found excellent demand and quickly moved above the $1,260 level, reaching a high of $1,265 per ounce. At 11am PDT today, Gold is trading at $1,262 per ounce, up $5 on excellent volume. SILVER Silver...

GOLD Today the high/low price range for Gold is only $7 from $1,257 to $1,250 per ounce. This is the classic definition of building a base and consolidation after a sharp decline. Clearly the Gold price is waiting for some news or economic indicators to give it short term direction. At 11am PDT today, Gold is trading at $1,257 per...

GOLD Today reminds me of the movie “Ground Hog Day,” it’s the same price range, volume and base building all over again. Gold is stuck in a narrow trading range from $1,250 to $1,260, awaiting news that will cause it to breakout. At 11am PDT today, Gold is trading at $1,257 per ounce, down $1 on average volume. SILVER Silver...

GOLD With today’s report of weak economic growth in China and a strong U.S. Dollar, Gold has held above the key $1,250 level. Clearly, Gold is showing excellent support at this level in the face of negative news. At 11am PDT today, Gold is up $5, trading at $1,258 per ounce on excellent volume. SILVER Silver continues to stabilize while...