Daily Market Report

GOLD The eyes of most precious metal traders are on Congress this morning as the Fed Chairman is testifying. Chairman Yellen just stated that the Federal Reserve is still considering raising interest rates next month. This statement drove the U.S. Dollar higher, and drove both the Dow Jones and Gold/Silver lower. In this environment, I still believe Gold will test...

GOLD The recent decline in the Gold price continues for the fifth trading day in a row. Gold reached a low of $1,114 per ounce this morning. The bears have regained control of the Gold commodity exchanges, but the Gold equities have been relatively stable. Without any exciting news, I think the $1,100 per ounce support level will be tested...

GOLD Gold continues its recent sell off this morning, reaching a low of $1,132 per ounce in early Asian trading. Gold found excellent bargain buying demand below $1,135 per ounce. At 11am PDT today, Gold is trading at $1,136 per ounce, down $6 on excellent volume.   SILVER Silver broke down with Gold, moving below its recent $15.50 per ounce...

GOLD This was not a happy week for Gold investors. After breaking down below the key $1,150 support level yesterday, the bears came back. Today, Gold is closing on the lows of the week due to light margin call selling. At 11am PDT today, Gold is trading at $1,142 per ounce, down $6 on normal weekend light volume.   SILVER...

GOLD Gold reacted negatively in late trading yesterday; after the Federal Reserve left interest rates unchanged but signaled a December rate hike was still on the table. Today’s trading is important because Gold broke below the key $1,150 support level. I need to see Gold rally back into its recent trading range of $1,150 to $1,190 immediately to stay bullish...

GOLD Gold has moved upwards this morning, moving above $1,175 per ounce on excellent volume. Market analysts have a general feeling that the Federal Reserve will make no decision to raise interest rates. Many traders believe that the Fed is not likely to give any definitive schedule for raising interest rates/ At 11am PDT today, Gold is trading at $1,172...

GOLD Gold trading yesterday and today reminds me of watching paint dry. There is little to no activity, with a tight high/low price range ($1,168 to $1,160 per ounce) and very light trading volume. Why? Traders are focusing on news that may come out of the upcoming Federal Reserve meeting. The U.S. Dollar is also trading in a tight range...

GOLD Gold is consolidating today, trading in a very narrow $7 high/low trading range, with a high of $1,169 and low of $1,162 per ounce. At 11am PDT today, Gold is trading at $1,164 per ounce, up $1 on normal volume.   SILVER Silver is trading towards the upside this morning on fresh Asian demand. For the 12th time this...

GOLD Gold continues to consolidate in the tight trading range between $1,160 and $1,180 per ounce. I believe Gold will resume its recent rally to the higher end of the trading range next week. At 11am PDT Today, Gold is trading at $1,163 per ounce, down $4 on average Friday volume.   SILVER Silver showed excellent demand in early Asian...

GOLD Gold is trading in a very narrow $9 high/low trading range today. With an $1,163 per ounce low and $1,172 high, the Gold price is continuing to consolidate. Gold is definitely waiting for some fresh news that will give it direction. At 11am PDT today, Gold is trading at $1,167, up $1 on light volume.   SILVER Right now...