Daily Market Report

GOLD Trading at $1,887.80 at 11am PDT, Gold is up $40 on the day in very active trading. Gold climbed to a record high above $1,895 an ounce in New York and London, as concern about slowing economic growth and debt crises spurred demand for bullion as a protection of wealth.   SILVER  Silver reached $44.09 in early trading then...

GOLD It’s starting to feel like the movie Groundhog Day, where every day starts the same way.  Gold continues to move higher, hitting $1,881.40 in overnight trading, another all-time high.  Friday commodity trading is normally less active than during the week and gold trading has been in the $1,837 to $1,866 range for most of the day. Right now at...

GOLD Wow, another new all-time high in gold and the U.S. Stock is down 500 points. I am beginning to sound like a broken record. Gold hit $1,827.80 today and at 11am PDT was trading at $1,819.80, up $27.80 per ounce for the day. The headline news is Venezuela, but Eurozone banking issues have added to the gold buying. Venezuelan...

GOLD Gold continued its move back to $1,800 per ounce today. At 11am PDT gold was selling for $1,792.00, up $10.70 per ounce on active trading. Yesterday’s statements from the meeting between the heads of France and Germany failed to quell Wall Street’s fears about euro zone leaders’ ability to contain the region’s sovereign debt woes. As a result, gold...

GOLD Today we are seeing gold build an excellent trading range from $1,763 to $1,787 on solid volume.  At 11am PDT gold is trading at $1,781.30 up $18.10 per ounce on the day. After this morning’s comments by French President Nicolas Sarkozy on euro zone proposals the gold market rallied higher as the Stock Market fell dramatically. As our country...

GOLD Gold opened $10 lower in Asia before sizeable buying came into the market.  After the extraordinary trading last week that virtually set new record highs daily, it is nice to see gold stabilizing and trading in a narrow band.  Gold has traded in a $20 range today, holding at $1,753.20 per ounce, up $8 from last Friday’s close.  Today’s...

GOLD Overnight trading in Asia was very supportive to the current price range. Finally, we are seeing stability in the gold trading which had a 2 ½ % trading range in the last 24 hours.  The low to high trading range for gold was $1,724/$1,769 with excellent volume. I would be very happy to see Gold stay in this trading...

GOLD Gold is trading at $1,740.22 per ounce this morning at 11am PDT, down $36.28 per ounce on normal volume. At one point in overnight trading in Asia gold hit an All-Time high of $1,815.40. What the gold market could use right now is a week or two of stabilization so it could build a nice base for the next...

GOLD  Another day, another All-Time high for Gold.  WOW what a run, and all information is pointing to continued demand.  At 11am PDT Gold is trading at $1,776.50 per ounce, up $34.00 on very, very active trading. At this current pace, my $1,900 year end prediction looks low.  J.P. Morgan’s commodity analyst Colin Fenton was on CNBC stating he felt...

GOLD At 11am PDT gold is trading at $1,742.50 per ounce, up $27.50 on very active trading. Gold did hit a new all-time high at $1.782 in overnight trading in Asian markets. This is a pivotal point for the U.S. Dollar & Gold, and yes, gold has gone parabolic as it enters Phase II of the bull market. The downgrading...