Federal Reserve
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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) -
Weekly Market Report 6/6/16
(Read More)Both Gold/Silver successfully tested support, now moving higher . . . .
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Daily Market Report 6/6/16
GOLD During Asian trading this morning, Gold took its first June attempt to break above the $1,250 per ounce level. Today, Gold is trading in a tight $10 high/low trading range between $1,239 and $1,249 per ounce. Janet Yellen spoke earlier today and gave no precise timing for any increase in the Federal Reserve’s interest rate. At 11am PDT today...(Read More)
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