Daily Market Report

GOLD Gold breaking through the $1,600 level today shows the amazing strength in the market, especially considering that we are in July, an historically flat month. However, the ongoing Euro Debt issues and the Debt ceiling problems in Washington DC are driving investors into Gold as the ultimate safe haven. At 11am PDT gold is trading at $1,603.80, up $12.00...

GOLD Gold continues it’s breakout, now trading up for nine days in a row from the July 1st low of $1,487.  Gold is setting new all-time highs daily, currently trading at $1,591.80 at 11am PDT, up an additional $2.10 per ounce. Traders are still focused on the DEBT, whether it is our Debt Ceiling debate in Congress or the European...

GOLD It’s now eight days in a row that Gold has increased in value.  At 11am PDT today gold has set another record all-time high at $1,589.70, up another $5.60 in very active trading. Gold has now increased over $102 (6.8%) since its recent July 1st low of $1,487.20. Gold did reach $1,594.70 in early trading today, which was only...

I hate the “I told you so” type people, So, I will not say it..  GOLD Gold is trading at a new ALL-TIME HIGH of $1,584.10 at 11am PDT today, up $22.70 per ounce on very active trading. Gold has now increased in value seven days in a row.  The major stimulus for gold today was Federal Reserve Chairman Ben...

GOLD Up, Up, and Away, Gold is up for the sixth day in a row. Gold is trading at $1,561.40 at 11am PDT, up $13.30 per ounce on heavy volume.  Again, I believe staying above the important $1,550 resistance level will lead to setting a new all-time high (above $1,575) in gold very soon.   The global debt problems are...

GOLD Gold continues to rally today based on continued safe haven buying concerns. The debt problems of Greece, Italy, and Portugal are back, while our debt ceiling dilemma in the U.S. is the focus of the news media. At 11am PDT gold is trading at $1,548.10, up $5.80 per ounce in active trading. Gold reached $1,558.20 earlier this morning. If...

GOLD Today’s disappointing U.S. jobs report, driving our employment rate to 9.2%, was negative for the U.S. Stock Market, but bullish for Gold which rallied $10.20, trading at $1,542.30 an ounce at 11am PDT.  Why did gold rally on a poor Jobs report? Because, this news makes another round of quantitative easing far more likely. I will provide more information...

GOLD Up, Up, and Away... the Gold rally continues with gold trading at $1,532.10, up another $3.40 an ounce at 11am PDT. It’s becoming more and more clear that the primary issue driving gold prices both up and down is DEBT. Whether it is Euro Debt, Japanese Debt, or lifting the U.S. Debt ceiling, both the positive and the negative...

GOLD Gold was up another $20.10 per ounce today, trading at $1,528.70 at 11am PDT, on negative Eurozone news. Moody’s gave the markets a painful reminder late yesterday that the debt crisis in the peripheral Eurozone countries is far from over. Moody’s lowered Portugal’s credit rating four notches (to Ba2) and further unsettled investors when they claimed that the percentage...

GOLD Gold is up $23.40 today, trading at $1,510.60 an ounce at 11am PDT. Gold rallied on light trading in Asia, the Middle East, and London, as bargain buying with gold under $1,500 stimulated investors and jewelry manufactures to add to their gold holdings. The rally continued in the U.S., breaking above the important $1,500 level, as an article over...