Daily Market Report

GOLD  Gold rallied this morning in spite of a stronger U.S. Dollar after European finance ministers failed to agree on a debt-reduction package for Greece. They are meeting again on Monday to work out details on a Greek bailout. At 11am PDT Today, Gold is up $3.70, trading at $1,729.50 per ounce on light weekend type volume. Data on the...

GOLD  Today’s Gold trading range has been very narrow, only $14 from high to low, on typically low volume for a holiday week. At 11am PDT, today Gold is trading at $1,725.80 per ounce, down $8.40 per ounce on light volume. Yesterday, Moody’s downgraded France’s bond rating from AAA to Aa1 which caused the Euro to briefly collapse before it...

GOLD  With all the Congressmen and women out on a Thanksgiving holiday break, there isn’t any negative talk about a Fiscal Cliff deal, so the markets have rallied today. Both the Senate and House of Representatives will be in session from Tuesday, November 27th to Friday, December 14th when they both scheduled to go on recess for the holidays. Any...

GOLD Today’s White House meeting between the President and Congressional leaders has been seen as constructive by the financial markets and stock, energy and precious metal markets rallied on the news. The possibility of avoiding a fiscal cliff with an agreement which would provide revenue increases, coupled with spending cuts, was accepted by both parties. When the news was reported...

GOLD Gold traded down to $1,704 earlier this morning as result of a strengthening U.S. Dollar versus the Euro. At that point, major demand came into the market and Gold quickly rallied up $10 per ounce. At 11am PDT Today, Gold is trading at $1,714.60 per ounce, down $16 per ounce on heavy volume of trading.   THE BIG MONEY...

GOLD Today’s Gold rally is in the face of a U.S. Dollar reaching a two-month high versus the Euro, British Pound and Swiss Franc, hitting $1.26 to the Euro. The short term resistance level for Gold is $1,735 per ounce, however we hit that level earlier today and quickly sold back to $1,725 per ounce. At 11am PDT today, Gold...

GOLD At 11am Today, Gold is trading at $1,726.40 per ounce, down $4.80 per ounce on average volume of contracts. Earlier this morning, Gold did reach $1,717.60 per ounce on light selling until we saw an increase in demand.  SILVER Silver today is trading in a narrow range $0.72 price range, from a low of $32.10 and a high of...

GOLD Gold has traded in a very narrow $13 range today, from $1,725.50 on the low to $1,738.30 on the high. It appears has the Gold price is consolidating in this range awaiting news that will allow it to test the $1,750 short term resistance level. The U.S. Dollar continues to rally versus the Euro, trading at $1.26 to the...

GOLD On Tuesday (Election Day) the Gold price was trading at $1,687, when information was released that the amount of Democratic early election ballots were much higher than expected, an excellent indicator that President Obama could be re-elected. The Gold market started to move higher, what I would call the Obama Rally, and closed that day at $1,714 per ounce...

GOLD In spite of a much stronger U.S. Dollar versus the Euro, Gold continues higher this morning, braking through its next short term resistance level of $1,727 per ounce. Physical demand for Gold around the globe has picked up since the re-election of President Obama. At 11am PDT today, Gold is up $14.40 per ounce, trading at $1,729.60 per ounce...