Weekly Market Report

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 . . . .

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 . . . .