Weekly Market Report

This Week’s Headlines: Gold Gold Heading to a New All-Time High Gold Fundamentals Have Never Looked Better Silver Recommended Investment Commitment and Diversification GOLD Last week’s Gold trading was truly the definition of what market consolidation looks like. Gold closed between $1,317 and $1,322.60 per ounce all five trading days, with an amazingly small $5.60 high/low range. Given that one...

This Week’s Headlines: Gold What’s driving the Gold & Silver prices higher? Silver Recommended Investment Commitment and Diversification GOLD Gold continued to move higher last week, up $42.50 per ounce, and up $70 per ounce (5.6%) from the beginning of June. What’s more important is that Gold broke through the key $1,300 per ounce resistance level and kept on going...

This Week’s Headlines: Gold Silver Recommended Investment Commitment and Diversification GOLD Every day last week Gold traded increasingly higher and closed above the previous day’s price. What’s more important is that Gold closed above the key $1,250 per ounce resistance level throughout the week. Friday, Gold ended the week at $1,274.10 per ounce, up $21.60 for the week. The important...

This Week’s Headlines: Gold Something is Fishy in the Gold Market China Trade Surplus Increases 94% Silver Rare Coin Report Recommended Investment Commitment and Diversification GOLD On the last trading in May, Gold broke below the key $1,250 resistance level, reaching a low of $1,242 per ounce. Last week Gold tested the $1,240 price level for four days in a...

This Week’s Headlines: Gold Silver Recommended Investment Commitment and Diversification GOLD In my May 27th 2014 Weekly Precious Metal Report I complained that the Gold and Silver price activity in the past two months was as exciting as watching paint dry. Not anymore, as last week Gold and Silver’s trading volume and price volatility picked up dramatically. On the last...

This Week’s Headlines: Gold Silver Rare Coin Market Update Recommended Investment Commitment and Diversification GOLD For the past 60 days the Gold and Silver price has traded in a very tight range. Call it quiet, consolidation, or just plain unexciting, it has become increasingly difficult to write a Blog or Weekly Market Report about these markets. Gold has not had...

This Week’s Headlines: Gold John Paulson Holds On to his Major Gold Investment Silver Recommended Investment Commitment and Diversification GOLD Gold rallied above the key $1,300 per ounce level last Wednesday based on renewed violence between Ukrainian soldiers and Pro-Russian separatists and weak U.S. economic news from the April Producer Price Indicator. Then, on Thursday, weak unemployment numbers combined with...

This Week’s Headlines: Gold Chinese Consumer Inflation at 18 Month Low Silver Silver Institute April 2014 Report Recommended Investment Commitment and Diversification GOLD Gold rallied back above the key $1,300 per ounce support level on May 2nd and stayed above for the next two trading days, until Wednesday May 7th. On that day Russian President Putin stated he would move...

This Week’s Headlines: Gold N.Y. Federal Reserve holds 1,000 Oz of Gold for Italy that could be Repatriated Silver Recommended Investment Commitment and Diversification GOLD Last week Gold sold off Monday, Tuesday, Wednesday and Thursday, dropping to $1,283.40, down $17.40 per ounce. Then, on Friday, Gold opened lower, hitting a low of $1,272 per ounce. At that point a news...

This Week’s Headlines: Gold Silver Recommended Investment Commitment and Diversification GOLD Last week as the Ukrainian crisis heated up, the Gold price moved up quickly. Last Thursday, in early morning Asian trading, the price of Gold was under the bear’s control. They were able to push the Gold price to below the $1,275 per ounce support level, to a low...