Weekly Market Report

Last week, Gold hit a new 2017 high, reaching $1,273 during Friday trading. As the U.S. launched a Tomahawk missile attack against Syria last Thursday night, Gold quickly rallied $21 per ounce . . . .

Probably a lot of people look at the longer-term chart of silver and the first thing they see is the massive bull market that peaked in 2011, rising over 400% off the 2008 bottom and almost 10x off the early 2000’s bottom.  It’s tempting when you see something like that to dream… “what if?” . . . .

Last week was a consolidation week for the Gold price and Gold closed between $1,248 to $1,255 per ounce on all  . . . .

Last week the Gold rally continued, with Gold up $18, closing at $1,248.50 per ounce . . . .

Last week was one of the best weeks we have seen this year. The Gold price moved from Wednesday’s low of $1,196 to Friday’s close of $1,230 per ounce . . . .

The biggest trade in the world is staring everyone in the face . . . .

Gold pushed to near a four-month high amid heightened political uncertainty in the U.S. and the EU this morning . . . .

The last two times in 10 years that money managers thought gold was cheap, the yellow metal subsequently jumped in price . . . .

Gold continues its 2017 rally, closing Friday at $1,236, up $16 per ounce for the week, and up $85 (7.4%) since the beginning of the year. Gold reached a new 2017 high of $1,246.60 last Wednesday. Interestingly enough . . . .

Gold got back on track last week,reaching a new 2017 high of $1,227 last Thursday, and continues to show excellent price support on high CME trading volume . . . .