Weekly Market Report

Gold closed last Friday at $1,276.80 per ounce, up $9.10 per ounce, but that certainly wasn’t the entire story for the week. It’s important to recap the Gold price action, and the reasons for this action  . . . .

One major international global asset management firm says conditions are perfect for gold prices, comparing the market to a potential wildfire that is just waiting for the right spark . . . .

It appears that after the October $65 selloff, Gold bottomed out at $1,246.90 on Friday Oct 14th. During last week, Gold traded above the important $1,270 resistance level twice  . . . .

October 2016 CoinStats is now available . . . .

Last week’s decline provides great opportunity to buy Gold/Silver . . . .

Technical analyst Gary Savage examines gold’s recent big pullback, and explains why the downturn is a healthy part of a much larger bullish move higher for the yellow metal . . . .

Chinese Renminbi joining IMF SDR currency is bullish for Gold price . . . .

Silver up $0.95, Gold up $31 last week and they are moving higher . . . .

Gold will likely soar to a record within five years as asset bubbles burst in everything from bonds to credit and equities, forcing investors to find a haven, according to Old Mutual Global Investors’ Diego Parrilla . . . .

Get ready for a major Gold/Silver rally after Wednesday Fed update . . . .