Federal Reserve
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Gold Has Now Entered Its Strongest Seasonal Period
(Read More)Investors should make use of gold’s lack of correlation with other assets, which makes it the best hedge against currency risk . . . .
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Daily Market Report 7/28/16
GOLD After yesterday’s Federal Reserve announcement, Gold initially headed lower, reaching $1,320 per ounce. When it was made clear that the Fed was dovish on the economy due to a poor durable goods number, Gold started to rally. There is some optimism now that the Fed could raise interest rates in September. It is more probable, however, that December will...(Read More) -
Daily Market Report 7/27/16
GOLD This morning Gold opened higher, reaching a high of $1,329 per ounce. After the Federal Reserve press release announced no change in interest rates, Gold dropped $4 in active trading. At 11:10am PDT today, Gold is trading at $1,322 per ounce, up $2 on active volume. SILVER Silver finally broke back above the key $20.00 resistance level, reaching $20.14...(Read More) -
Daily Market Report 7/26/16
GOLD Gold is trading in a narrow $10 per ounce range today, awaiting fresh news from this week’s Federal Reserve meetings. In Asian trading last night, Gold found excellent support at $1,314 per ounce. At 11am PDT today, Gold is trading at $1,320 per ounce, unchanged from yesterday on average volume. SILVER Silver is showing better price support than Gold...(Read More) -
Sharia Law Change Could Add 1.6 Billion Gold Investors
(Read More)The gold market might soon find 1.6 billion new buyers when the Islamic world makes a clarification to its Sharia law . . . .
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Gold Prices and Central Bank Policy
(Read More)Nations are over-indebted and facing a hard time controlling their deficits and public debt . . . .
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Daily Market Report 6/16/16
GOLD Yesterday’s press conference from Federal Reserve Chairman Janet Yellen was very bullish for Gold. Chairman Yellen’s biggest surprise was the lack of any hint that the Fed is ready to raise interest rates any time soon. There was speculation that the Fed would raise interest rates in July, after Yellen’s press conference it has now been pushed out to...(Read More) -
Gold Could Even Go to $1,400; Here’s Why
(Read More)Gold’s momentum continues following Wednesday’s Federal Reserve meeting . . . .
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Would Brexit really be so good for gold?
(Read More)Gold is gaining again, and the looming Brexit vote is one reason why . . . .
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Daily Market Report 6/8/16
GOLD Declining expectations that the U.S. Federal Reserve will raise interest rates any time soon has caused a weaker US Dollar and has driven up Gold and Silver prices today. This morning Gold broke above the $1,250 resistance level and quickly reached a high of $1,264 per ounce. I was expecting this move on Thursday or Friday, but I’ll gladly...(Read More)





