Daily Market Report

GOLD After a 1,900 point drop in the DJIA since the beginning of year and a weaker U.S. Dollar, many investors are moving to precious metals. This morning Gold has moved above the key $1,100 per ounce resistance level, reaching a high of $1,109.40 per ounce. Gold demand is strong, as the U.S. Mint has sold 95,500 ounces of Gold...

GOLD This morning Gold is consolidating in a $1,082 to $1,094 per ounce trading range on average volume. Traders were more interested in the Silver markets this morning. At 11am PDT today, Gold is trading at $1,090 per ounce, down $1 on normal volume.   SILVER This morning there was excellent bargain buying in the Asian Silver markets, taking the...

GOLD A 450 point drop in the Dow Jones Industrial Average (DJIA) and a weak U.S. Dollar, equals a higher Gold price. A 1,500 point drop in the DJIA since the beginning of the year is driving money into alternate investments, like precious metals. Physical demand continues to grow with the U.S. Mint selling 75,000 ounces of Gold eagles in...

GOLD Gold reached a high of $1,095 in early morning Asian trading. At that point sellers appeared driving the price lower. A strong equity market and U.S. Dollar contributed to the decline. At 11am PST today, Gold is trading at $1,073 per ounce, down $18 on average volume.   SILVER Silver sold off with Gold, reaching support at $13.74 per...

GOLD This morning when Gold reached a low of $1,079.80 the buyers quickly came back. Trading volume picked up and the price of Gold moved to $1,093 before seeing some short term profit takers. Demand continues to be strong and I would like to see Gold move back above the $1,100 resistance level within the next week. At 11am PDT...

GOLD The Equity markets and the U.S. Dollar rebounded this morning and caused the Gold price to sell-off. On the opening, Gold sold off about $13 per ounce and found strong demand. At 11am PDT today, Gold is trading at $1,086, down $11 per ounce on excellent volume. The U.S. Mint reported selling 60,000 ounces of 2016 Gold eagles on...

GOLD This morning the Gold price has been in a tight $8 high/low range, just above and below the important $1,100 resistance/support level. Trading volume has been strong as Gold tries to consolidate above the $1,100 per ounce level. At 11am PDT today, Gold is trading at $1,097, down $4 on excellent volume.   SILVER $14 per ounce continues to...

GOLD Today Gold tested its $1,100 support level, reaching $1,093 per ounce, then quickly rallied above that level. Gold is fighting to stay above the $1,100 level at the moment as traders take their profits going into the weekend. At 11am PDT today, Gold is trading at $1,098 per ounce, down $9 on good volume.   SILVER Silver also tested...

GOLD As the world’s equity markets are getting slammed, the precious metal sector is moving higher. Gold has broken over the $1,100 per ounce resistance level about a week ahead of my schedule. The strength and trading volume of this Gold rally is very impressive. Gold hit a high today of $1,109.30 as many professional traders covered their short sales...

GOLD Gold continues its rally, reaching a high this morning of $1,093 per ounce before seeing some professional traders taking short term profits. However, after the short term profit taking, Gold rebounded and is continuing to go back up. Today’s high represents a $34 increase in the Gold price since the beginning of the year. At 11am PDT today, Gold...