Weekly Market Report

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...

This Week’s Headlines: Gold Fundamental reasons for this turn in the Gold price Silver October 2013 CoinStats now available Recommended Investment Commitment and Diversification GOLD Last week Gold crossed and closed above the important $1,300 per ounce resistance level (also showing excellent support above the major $1,250 per ounce support level). At the end of the week Gold had closed...

This Week’s Headlines: Gold Silver Indian Demand for Silver up 80% this year October 2013 CoinStats now available Recommended Investment Commitment and Diversification GOLD Given all the congressional problems facing Washington D.C., Gold still could not stay above the important $1,300 per ounce support level last week. Last Friday, a person or organization sold 5,000 hundred-ounce CME December 2013 contracts...

This Week’s Headlines: Gold Asian Gold demand Silver October 2013 CoinStats now available Recommended Investment Commitment and Diversification GOLD Gold fought to stay above the important $1,300 per ounce resistance level last week. It is truly disappointing that the price of Gold did not increase last week given that the U.S. Government did shut down and that there are looming...

This Week’s Headlines: Gold Central Banks keep buying Gold in August Silver Rare Coin Market Update Recommended Investment Commitment and Diversification GOLD Last week the Gold market traded in a very tight price range. Gold traded from $1,305 on the low to $1,345 on the high, closing last Friday at $1,339 per ounce, up $6.70 for the week. September has...

This Week’s Headlines: Gold Federal Reserve’s surprise move is bullish for Gold Silver Rare Coin Market Update Recommended Investment Commitment and Diversification GOLD The Gold market showed a lot of volatility last week. Gold first set a two month low of $1,291 per ounce, then rallied $61.70 per ounce for the largest increase in price over the last 4 ½...

This Week’s Headlines: Gold Larry Summers the Next Federal Reserve Chairman? Silver Rare Coin Market Update Recommended Investment Commitment and Diversification GOLD Last Thursday Gold tested the $1,360 support level and didn’t hold. Immediately after the breakdown, Gold dropped below $1,360 per ounce as a large number of professional traders watching their technical support charts immediately shorted (sold) Gold. This...

This Week’s Headlines: Gold Two issues affecting precious metal prices Strong recovery in China’s economy is bullish for Gold Silver Recommended Investment Commitment and Diversification   GOLD Over the Labor Day holiday week Gold stayed within its 4% trading range, closing the week at $1,386.50 per ounce, down $9.60 per ounce for the week. After a month of price consolidation...