Daily Market Report

GOLD Gold was up $13.90 today, closing the week at $1,418.00 per ounce. It was extraordinary week for gold, with heavy trading and volume on a $53 price range. Bank of Japan has announced, with the help of the finance ministers and bank governors from the Group of Seven major industrial nations, they will go the way of “powerful monetary...

GOLD Gold closed up $2.90 today at $1,404.10, with active trading on continued news from Japan, and the Middle East. Crude Oil was up 2% primarily due to increasing hostilities in Bahrain and Libya. The Japanese Yen hit a record high in trading against the Dollar. The reason for the Yen rally is the belief that Japan to be a...

GOLD Gold closed up $3.60 today, back above the important $1400 level at $1,401.20 per ounce. The markets were active today as bargain buyers, coming from outside the US, were very active. Gold under $1,400 looks very attractive considering the events in the Middle East and Japan. Civil Protests and hostilities are still going on in Middle East countries. In...

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...