Weekly Market Report

Category

  1. Weekly Market Report 7/05/11

    GOLD This morning gold is back above the psychological $1,500.00 an ounce level on short covering and bargain buying. But, last week Gold was down $14.20, ending the week at $1,486.70 per ounce. Last Friday I was very surprised to see gold trading down as low as $1480. With a number of volatile issues temporarily behind us, the emotional run...
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  2. Weekly Market Report 6/27/11

    GOLD Gold was down $38.20 last week, closing at $1,500.90 per ounce. Gold dropped $52.50 on Thursday and Friday after Fed Chairman Ben Bernanke gave no hint of the next round of quantitative easing at his news conference, and the release of 60 Million Barrels of Oil from the International Energy Agency. The U.S. will release 30 Million barrels from...
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  3. Weekly Market Report 6/20/11

    GOLD Gold was up $9.90 last week, closing at $1,539.10 per ounce. The weekly high/low range was $1,543 to $1,511.40 per ounce. The past four weeks gold was never lower than $1,503, with its average price of $1,532.86. Why is this important? Well, I believe that Gold is building its base for the next breakout, taking us to well over...
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  4. Weekly Market Report 6/13/11

    GOLDLast Friday Gold closed at $1,528.60, down $14.20 per ounce for the week. The high/low price of Gold last week ranged from $1,555 to $1,526.70. Last week’s negative news that affected the gold market was primarily: Fed Chair Ben Bernanke’s speech on Tuesday giving no indicator of a QE3 coming. Dow Jones Industrial Average down 200 points for the week...
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  5. 6/6/11 Weekly Market Report

    A weekly review of the Precious Metal and Rare Coin markets providing information and news that affects future values. GOLDLast Friday Gold closed at $1,542.80, up only $6.20 per ounce for the week.  The high/low price of Gold last week ranged from $1,551.60 to $1,518.20. Based on the news released late last week, I was surprised gold was up only...
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  6. 5/31/11 Weekly Market Report

    A weekly review of the Precious Metal and Rare Coin markets providing information and news that affects future values. GOLDLast week’s $28.40 increase in the price of Gold ($1,536.60 per ounce) and the rally in the U.S. dollar versus the Euro were tied to the Greek debt issue. As the Greek and/or Eurozone debt crisis continues to worsen, the gold...
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