Daily Market Report

GOLD For most of today’s trading Gold has held between $1,135 and $1,142 an ounce. This is excellent consolidation for the Gold price and I look for a break above the $1,150 resistance level soon. At 11am PDT today, Gold is trading at $1,140 per ounce, up $6 on average volume. SILVER Silver is staying above $14.50 per ounce on...

GOLD Gold is trading in a narrow $10 high/low range, from $1,125 to $1,135 per ounce. At 11am PDT today, Gold is trading at $1,134 per ounce, up $1 on average volume. SILVER Silver found excellent demand below $14.50 per ounce on Asian markets in early trading. Physical demand continues to grow, as investors want to buy Silver investment products...

GOLD Gold continues to consolidate within its recent trading range of $1,120 to $1,150 per ounce. Trading volume has been increasing since Gold hit its support level of $1,120 yesterday. At 11am PDT today, Gold is trading at $1,133 per ounce, up $10 on average volume. SILVER Silver continues its move higher after hitting a six year low of $13.96...

GOLD After Gold’s recent rally and sell off, Gold appears to be consolidating in the $1,120 per ounce area. Today, Gold traded in a narrow $10 high/low range from $1,119 to $1,129 per ounce. At 11am PDT today, Gold is trading at $1,123 per ounce, down $5 on good volume. SILVER After hitting a six year low of $13.96 per...

GOLD Today, the World’s equity markets and the U.S. Dollar were stronger and the precious metals were weaker. Gold found excellent demand and bargain buyers at the $1,120 per ounce level this morning. At 11am PDT today, Gold is trading at $1,128 per ounce, down $12 per ounce on large volume. SILVER This morning Silver hit a six year low...

GOLD Today, as the U.S. Dollar strengthens against many of the world’s currencies and equity markets around the globe rallied, the Gold market corrected. After Gold rallied from $1,072 a month ago to $1,167 last week the price corrected to $1,134 per ounce this morning. At 11am PDT today, Gold is trading at $1,140 per ounce, down $15 per ounce...

GOLD The U.S. Dollar continues to weaken versus the Euro and physical demand for Gold investment products remains very strong for Gold bars and coins. This morning Gold reached $1,170 per ounce on excellent volume, before traders took some short term profits. Equity markets around the globe continue to decline, with the Dow/Jones down another 300 points. At 11am PDT...

GOLD After Gold quickly moved above the $1,150 per ounce resistance level yesterday, many professionals started covering their short sales, driving the price to the next resistance level of $1,170 last night. This morning the price dropped back to trade in the $1,160 area. The next major resistance level is $1,200 and a confirmed move above that level could bring...

GOLD Today, Gold moved quickly above its next major resistance level of $1,150 per ounce, as the rally continues. Trading is very active in the futures and physical markets with excellent demand in both. If Gold can close above $1,150 for a minimum of the next 3 trading days, I would be looking at $1,200 as the next resistance level...

GOLD Gold is continuing its rally, reaching a high today of $1,132.20 per ounce on excellent trading volume. The next resistance point is $1,150 per ounce, but I would like to see Gold trading between $1,120 and $1,150 to consolidate the move higher. At 11am PDT today, Gold is trading at $1,130 per ounce, up $13 on excellent volume. SILVER...