Weekly Market Report

Last Friday, to the surprise of many market analysts, the May unemployment rate dropped to 13.3%, from April’s rate. . . .Barry Stuppler

Last week started with optimism because many of the major pharmaceutical companies were talking about their. . . .Barry Stuppler

Last week, many of the world’s largest financial institutions (Goldman Sachs, JP Morgan, and Citibank) stated they. . . .Barry Stuppler

May has been a great month for Gold investors, with a $62 (3.6%) increase in just eleven trading days. Gold closed at $1,753. . . .Barry Stuppler

Gold continues to trade above and below the key $1,700 per ounce support/resistance level since April 9th. . . .Barry Stuppler

Gold has traded above and below the key $1,700 per ounce support/resistance level in the past week. Gold’s traditional. . . .Barry Stuppler

Last week Gold got back on the bullish track reaching a high of $1,750 on Thursday. Gold closed the week at $1,735, up $45. . . .Barry Stuppler

Last week was a base building week for Gold, with the Gold price testing the important $1,700 per ounce support level. . . .Barry Stuppler

Gold closed at $1,715 per ounce, up $82 for the week with excellent demand. I expect to see more negative economic news this week. . . . Barry Stuppler

Last week, the world’s equity markets continue to move lower, while the Gold price continued to move higher. . . .Barry Stuppler