Weekly Market Report

This week’s Market Report provides you with an update on the precious metal markets and the latest reaction to the Greek debt crisis on the world’s financial and precious metal markets. GOLD Last week, Gold’s steady five week increase ended with a minor selloff of $15.90. Gold closed Friday at $1,725.30 per ounce, still up $159.50 since the start of...

This Week’s Market Report provides you with an update on the precious metal markets and what I learned about the rare coin market at the last two major conventions.  GOLD Last week was the fifth week in a row that Gold increased in price.  With Friday’s closing of $1,740.30 per ounce, gold has gone up $174.50 (11.14%) since January 1st. ...

This week’s Market Report provides you with an update on the precious metal markets and what last week’s announcement by Federal Reserve Chairman Bernanke will mean to your precious metal holdings. GOLD What a week for Gold and Silver investors. Last week’s Federal Reserve announcement confirms that the direction for Gold and Silver prices this year will be substantially higher...

GOLD The direction of the gold price continues higher. Three weeks into the New Year and Gold has increased each week at an excellent pace. Gold closed at $1,664.00 per ounce on Friday, January 20th, up $ 33.20 for the week and $97.20 (6.2%) since the start of 2012.  As I mentioned last week, the fundamental factors for gold ownership...

GOLD A new year and another great beginning for gold investors. For the second week in a row gold has closed higher, building an excellent base between $1,600 and $1,660 per ounce.  Last week, gold closed at $1,630.80, up $14 per ounce for the week on excellent volume, with increasing demand for physical investment products. Today, with the U.S. markets...

GOLD The gold rally continues, up another $50 last week and above the important $1,600 per ounce level all week.  Last week’s gold trading was on heavy volume, which is an excellent indicator that the 2012 rally to a new all-time high price is on. Gold closed at $1,616.80 per ounce on Friday, surprisingly in the face of strong U.S...

GOLD It’s 2012, and the precious metal professionals, commission houses, and floor traders are back, and they know a bargain when they see it.  Gold, Silver, Platinum and Palladium are all higher on excellent volume. The week between Christmas and New Years is traditionally a light volume week for commodities, equities, energy, and foreign exchange trading.  Many of the floor...

GOLD After trading as low as $1562 per ounce the week ending Dec. 16th, gold rallied last week, staying above the $1,600 psychological support level most of the week. Gold closed at $1,606.50 per ounce on Friday, Dec. 23rd, up $8.60 for the week. Last week, Gold traded in a very narrow range while the following positive U.S. economic news...

GOLD We saw a dramatic correction in the gold price last week.  This was caused by continued concerns over the European Sovereign and banking debt crisis. (An overview and my thoughts on this issue in the paragraph below).  Gold dropped $118.90 per ounce (6.9%) between Friday Dec.9th and Friday Dec.16th, closing the week at $1,597.60 per ounce.  The low price...

GOLD Last week was all about the European Central Bank (ECB) and the European Financial Minister’s meetings in Brussels. They met to hopefully agree on a “fiscal compact” which could be part of a badly needed solution to the debt crisis for European sovereign nations and banks. During the meeting the ECB announced a ¼ % cut in interest rates...