Weekly Market Report

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 . . . .

Last Friday, Gold closed at $1,205 per ounce, up $54 (5%) since the beginning of the month. What is important about last week is that on all four trading days Gold closed above the key $1,200 per ounce support level  . . . .

Last Friday, Gold closed at $1,198 per ounce, up over $22 for the second 2017 trading week in a row. At the current 2017 rate of price appreciation, Gold will be over $2,000 before October 2017 . . . .

Last Friday, Gold closed at $1,172 per ounce, up $22 in the first trading week of 2017. Last week, we saw a sizeable increase in physical, future contract, and equity demand for Gold bullion investment products  . . . .

If you’re trying to make sense of the new world order or of the latest Fed minutes, here’s some good news: A few gold watchers have it all sorted out . . . .

Last Friday, Gold closed at $1,150 per ounce. 2016 was an up year for Gold, increasing $90 (8.36%). However, most of my clients who invest in Gold . . . .