January 19, 2018

Gold is up $7.30 this morning trading at $1,334.00 after dipping Thursday to its lowest level in over a week. A potential government shutdown coupled with current geo-political tensions in Asia and the Middle East paint a positive outlook for gold, at least for the near future.  


January 17, 2018

Gold jumped to its highest level last night since early September, topping $1,341.00 before returning to the $1,335.00 range this morning.  Gold is up 2.2% this year as the dollar continues to under-perform and the demand for gold is up across the globe.

January 16, 2018

Gold jumped 1% on Friday to close at $1,334.40, its highest in over four months, and has been trading steadily in the $1,334.50 range this morning. The dollar continues to struggle, reaching its 3-year low against the euro yesterday, further supporting a positive outlook for precious metals.

January 10, 2018

Gold is trading at $1,320.00 this morning up $7.30, posting gains in 9 of its last 10 trading sessions. The dollar’s steady decline over the past month and strengthening industrial and retail demand for gold could help boost it further in the coming weeks.

January 08, 2018

Gold dropped overnight to $1,316.00,  but has since rebounded to it’s previous day $1,320.00 range.  Gold and silver are up about 0.50% and 0.80% respectively this year through the first week.  


January 05, 2018

Gold dipped slightly this morning ahead of today’s jobs report, but bounced back to trading around $1,320.00 after a lackluster month for job growth; 148,000 jobs were created during December, falling short of expectations.

January 03, 2018

Gold begins the new year strong; trading at $1,315.00 up $2.40 today and up more than 5.5% since its mid-December slump.  The dollar dropped Tuesday for the fifth straight trading session to its lowest since September, further bolstering precious metals prices.

December 29, 2017

As the US Dollar remains weak, gold prices are up again this morning, trading $1,297.00/oz.   With this morning’s $2.00 rally, prices are currently up $22.00 (1.7%) for the month and up $145.00 (12.6%) for the year.  GLD holdings have fallen 66K oz. in December.  Happy New Year!

December 27, 2017

Gold prices are trading $1,284.00/oz. this morning, up $1.00 and up for the 9th of the last 11 trading days as the rebound from the December 12th low of $1,236.75 continues. Gold prices are up 3.8% since then and silver prices, 5.5%. The Bloomberg US Dollar Index is modestly lower today, continuing its down-trend started mid-month.

December 22, 2017

Gold prices stand at $1,269.00, up $2.50 this morning, higher for the third day in a row and for the seventh of the last nine trading days.  The dollar is modestly higher.  CME crude oil prices are up 1.10% this week.  The difference between 10-year and 2-year Treasury yields has widened 10 basis points since the 15th.  Happy Holidays!