Daily Market Report

GOLDGold closed today at $1,397.60, down $29.80 for the day. Amidst very heavy volume, today’s trading was VERY active with spot Gold dropping to $1,380 at one point during trading. Gold traders see today’s market correction as just a knee-jerk reaction to the high anxiety presently gripping the world market place, and further selling pressure in the near term will...

GOLDGold closed today at $1,427.40 on light trading, up $7.10 at the close. Trading was dominated by the speculation over the effects this weekend’s Japanese earthquake, tsunami and nuclear reactor problems will cause. The Japanese central bank pumped 15 trillion yen ($183 billion) into money markets to assure financial stability amid a plunge in stocks and surge in credit risk...

GOLDGold closed today at $1,420.30, up $10.20 for the day. Gold opened lower based on lower crude Oil prices resulting from the assumption that the Japanese earthquake and a larger-than-expected increase in US inventories would lead to lower Oil demand (Japan is the World’s 3rd largest consumer of Oil). However, the Gold market turned higher as the U.S. dollar index...

GOLDGold dropped $19.10 today, closing at $1,410.10. The dollar was up against the Euro and crude oil prices dropped $3 a barrel, but there was no significant news that would turn the gold market bearish. The fundamentals are still in place as shown by today’s U.S. Commerce Department report. According to the report, the U.S. trade deficit widened by 15.1...

GOLDGold closed down $1 today, at $1,429.20.  A little stability in the Gold and Silver prices is greatly appreciated. Gold traded in a narrow $14 range today of good volume. Gold has been over $1,400 an ounce for the past 13 trading days and building a great base for its next move above $1,450 (next resistance area).   SILVERSilver’s meteoric...

GOLDGold closed today at $1,430, down $6 for the day. It’s about time we got a little consolidation and profit taking. It wasn’t a sizeable price correction but a short pause in the Silver & Gold upward breakout was badly needed. The markets are the most volatile I have seen in years. Large quantities of Gold, Silver and Crude Oil...

GOLDGold closed in very active trading today at $1,436 up $8 on the day. The trading action was centered around the hostiles’ in Libya and higher crude oil prices.   SILVERSilver closed in active trading and heavy volume at $36.10, up $.70 and setting another 31 year high. The U.S. Mint has sold 9,662.000 Silver 1oz Eagles in the first...

The Stars have realigned and today’s news is all bullish for precious metals. GOLDGold closed at $1,428.00, up $15.50 based on the following factors: Hostiles in the Middle East have intensified, causing World Oil and Domestic Gasoline prices to increase. Labor Department reported lower than excepted employment numbers for February. Commerce Department reported new orders for manufactures were up 3.1...

GOLDGold closed at $1,412.50, down $23.25 on the day. The combination of a possible Arab mediation of the Libyan crisis, higher interest rates in Europe, improving US employment numbers, lower crude oil prices and 190+ rally in the U.S. Stock Market took the momentum out of the Gold markets today. A healthy correction and a great opportunity after a $120...

Up, Up and Away.Today we are seeing new all-time record highs for Gold, as Silver continues to set new 31 year highs daily. GOLDclosed at $1,435.75, up $7.75 for the day. SILVERclosed at $34.65, up $0.25 for the day.Today’s major upward breakout in both Gold and Silver on heavy volume shows that the technical charts and fundamentals are looking extraordinarily...