Weekly Market Report

This Week’s Headlines: Gold Silver Major Rare Coin Convention in Orlando, FL Pre-order 2014 First Strike Silver Eagles Recommended Investment Commitment and Diversification GOLD Last week Gold traded in a narrow $20 range on light holiday type volume. Gold closed the week at $1,214, up $10.30 per ounce. The volume should pick up this week, but I am not optimistic...

This Week’s Headlines: Gold Federal Reserve’s Dec. 18th Announcement Tax Loss Strategy Silver Pre-order 2014 First Strike Silver Eagles Recommended Investment Commitment and Diversification GOLD Last Wednesday’s Federal Reserve announcement reducing the $85 billion monthly stimulus caused a real war in the precious metal trading pits. Gold initially dropped $12 (to $1,222 per ounce) then quickly rallied to $1,245 on...

This Week’s Headlines: Gold Tax Loss Strategy Silver Pre-order 2014 First Strike Silver Eagles Recommended Investment Commitment and Diversification GOLD Last week Gold traded between $1,219 and $1,268 per ounce on excellent volume. On Wednesday strong economic news from China and Japan caused Gold to rally sharply in overnight Asian trading. The rally continued in London and on the CME...

This Week’s Headlines: Gold China reports soaring exports and $33.8B Nov surplus Tax Loss Strategy Silver Pre-order 2014 First Strike Silver Eagles Recommended Investment Commitment and Diversification GOLD Last Friday Gold closed at $1,229 per ounce, down $21 per ounce on the heaviest volume of trading that I have seen in weeks. The battle between the precious metal bulls and...

This Week’s Headlines: Gold Tax Loss Strategy Silver Pre-order 2014 First Strike Silver Eagles Recommended Investment Commitment and Diversification GOLD Gold established a new trading range overlast week’s holiday shortened sessions.The Gold trading range had a low of $1,226 and a high of $1,258 per ounce. The Asian volume increased dramatically when Gold was trading near the lows, while domestic...

This Week’s Headlines: Gold Tax Loss Strategy Silver Recommended Investment Commitment and Diversification GOLD The Federal Reserve’s October policy minutes that were released last week showed the possibility that the Fed may be reducing the $85 billion monthly stimulus program within a few months. These minutes are considered negative for Gold and Gold sold off sharply the entire week, closing...

This Week’s Headlines: Gold World Gold Council’s 2013 Third Quarter Report Tax Loss Strategy Silver Rare Coin Report Recommended Investment Commitment and Diversification GOLD Our incoming Federal Reserve Chairman, Janet Yellen, testified before Congress last week that she was prepared to continue the current U.S. monetary stimulus program ($85 billion per month) until the U.S. unemployment rate improves. Given that...

This Week’s Headlines: Gold The Chinese need to put their Gold somewhere Silver October 2013 Silver Institute Newsletter Baltimore Rare Coin Convention Market Report Recommended Investment Commitment and Diversification GOLD The U.S. Commerce Department made a surprise announcement last Friday saying that 204,000 new jobs were created in October. The amount was substantially higher than the expected 120,000 jobs that...

This Week’s Headlines: Gold Silver Rare Coin Market Update Recommended Investment Commitment and Diversification GOLD October saw Gold trade from a low of $1,251 to a high of $1,361, closing out the month at $1,323.70 per ounce and last week at $1,313.20. After all that volatility, Gold was ultimately down $3.30 for the month of October. The $1,300 support level...

This Week’s Headlines: Gold Silver Rare Coin Market Update Recommended Investment Commitment and Diversification GOLD The recent upward trend in Gold continued last week, increasing $38 per ounce for the week. Since October 15, Gold has gone up $100 per ounce and closed above $1,350 per ounce on Friday, Oct. 25. Right now Gold is trading above the very important...