JMBullion.com Blog

Well gold is certainly seeing some interesting price action today. Overnight, gold made fresh three year lows and was trading around the $1186 level before catching a bid and moving higher off of those lows.Could this finally be true capitulation in this market? We will see. The gold market has been widely covered this week…

Gold Spot Price Open: $1,231 Gold Spot Price Close: $1,200 Change in Gold Spot Price: -$31 Silver Spot Price Open: $18.76 Silver Spot Price Close: $18.50 Change in Silver Spot Price:-$0.26 Thanks to some remarks from the president of the Atlanta Federal Reserve, gold and silver continued on their very steep decline. Today alone saw…

Gold Spot Price Open: $1,278 Gold Spot Price Close: $1,227 Change in Gold Spot Price: -$51 Silver Spot Price Open: $19.66 Silver Spot Price Close: $18.59 Change in Silver Spot Price:-$1.07 Gold and silver experienced yet another day of major losses as the heavy liquidation of precious metals seems to be what most traders are…

Gold Spot Price Open: $1,277 Gold Spot Price Close: $1,277 Change in Gold Spot Price: NO CHANGE Silver Spot Price Open: $19.58 Silver Spot Price Close: $19.65 Change in Silver Spot Price:+$0.07 Gold and silver started the day making some very small gains, though later in the day things corrected themselves as both metals finished…

Gold Spot Price Open: $1,298 Gold Spot Price Close: $1,283 Change in Gold Spot Price:-$15 Silver Spot Price Open: $20.17 Silver Spot Price Close: $19.71 Change in Silver Spot Price:-$0.46 Gold and silver lost some more value today as not much has changed in the broad view of the world economic atmosphere. At the end…

Gold prices are under some pressure here today to begin the week.  Following a slight rebound in prices on Friday, the yellow metal is taking its cues largely from outside markets today as investors are continuing to shed risk. Overnight, the Shanghai index lost a whopping 5.3% on fears of a liquidity crunch. That investor…

Gold Spot Price Open: $1,291 Gold Spot Price Close: $1,295 Change in Gold Spot Price:+$4 Silver Spot Price Open: $19.95 Silver Spot Price Close: $20.08 Change in Silver Spot Price:+$0.13 Gold and silver made small gains on Friday, but for the most part remained stagnant. After a collapse as monumental as we saw on Thursday,…

Well what a week it has been for gold and the precious metals. This past week saw gold prices fall from near the $1400 area to well below the  $1300 level. This past week’s FOMC announcement and the Ben Bernanke press conference that followed have caused markets to shudder. The great debate appears to now…

After enormous, shocking drops for both gold and silver yesterday, the metals have opened today in a bit of a holding pattern. Gold is down a quarter to $1,291, while silver is down a penny to $19.94. Both of these prices represent 6-8% drops since Tuesday closes of $1,369 and $21.68 for gold and silver…

Gold Spot Price Open: $1,374 Gold Spot Price Close: $1,281 Change in Gold Spot Price:-$93 Silver Spot Price Open: $21.75 Silver Spot Price Close: $19.69 Change in Silver Spot Price:-$2.06 Gold and silver posted dramatic losses on Thursday, as both metals hit historic lows. It wasn’t only precious metals that were suffering today as stock…

Gold and silver have plunged to historic lows this morning after FOMC Chairman Ben Bernanke indicated the Fed would likely slow down their economic stimulus packages in the relatively near future. At the time of this writing, gold is down $80 on the day, sitting at $1,294. Silver is down nearly $2, currently at $19.87….

Gold Spot Price Open: $1,367 Gold Spot Price Close: $1,351 Change in Gold Spot Price:-$16 Silver Spot Price Open: $21.72 Silver Spot Price Close: $21.40 Change in Silver Spot Price:-$0.32 Gold and silver started the day posting small gains, but by the end of the day losses ended up being fairly substantial. At the end…

Gold Spot Price Open: $1,384 Gold Spot Price Close: $1,369 Change in Gold Spot Price:-$15 Silver Spot Price Open: $21.86 Silver Spot Price Close: $21.68 Change in Silver Spot Price:-$0.18 Gold and silver started off the day down only a little bit, but as the day wore on these losses began piling on top of…

Gold Spot Price Open: $1,390 Gold Spot Price Close: $1,385 Change in Gold Spot Price:-$5 Silver Spot Price Open: $22.09 Silver Spot Price Close: $21.92 Change in Silver Spot Price:-$0.17 Gold and silver both lost a little bit of value on Monday as the marketplace was mostly subdued for the day in the lead-up to…

Gold is exchanging hands at lower prices today in quiet dealings. Gold prices are likely to remain choppy and indecisive ahead of this week’s FOMC meeting announcement set to take place on Wednesday afternoon. The meeting announcement will be followed up by a Ben Bernanke press conference. During this announcement, and the subsequent press conference,…

Gold Spot Price Open: $1,379 Gold Spot Price Close: $1,390 Change in Gold Spot Price:+$11 Silver Spot Price Open: $21.68 Silver Spot Price Close: $22.09 Change in Silver Spot Price:+$0.41 Gold and silver had decent days to end the week, especially considering that this week has been one of ups and downs for precious metals….

Gold Spot Price Open: $1,391 Gold Spot Price Close: $1,385 Change in Gold Spot Price:-$6 Silver Spot Price Open: $21.92 Silver Spot Price Close: $21.83 Change in Silver Spot Price:-$0.09 Gold and silver opened the day on Thursday trading down quite a bit from their posted gains yesterday, and things only got worse as the…

Gold Spot Price Open: $1,377 Gold Spot Price Close: $1,388 Change in Gold Spot Price:+$11 Silver Spot Price Open: $21.72 Silver Spot Price Close: $21.82 Change in Silver Spot Price:+$0.10 After yesterday’s turbulent world marketplace shook things up a bit, Wednesday greeted precious metals with a welcomed calmness. During the relatively calm day gold picked…

Gold Spot Price Open: $1,386 Gold Spot Price Close: $1,379 Change in Gold Spot Price:-$7 Silver Spot Price Open: $22.03 Silver Spot Price Close: $21.69 Change in Silver Spot Price:-$0.34 Gold and silver both experienced losses today, as the negative tone was set as soon as markets opened. When all was said and done gold…

Gold Spot Price Open: $1,381 Gold Spot Price Close: $1,386 Change in Gold Spot Price:+$5 Silver Spot Price Open: $21.65 Silver Spot Price Close: $21.95 Change in Silver Spot Price:+$0.30 Gold and silver both started off the week with modest gains, though both metals started the day looking as though they would be posting losses….

Gold prices are slightly higher to start the week off as the the initial reaction to Friday’s non-farm payrolls data has apparently run its course. Gold prices did move slightly lower last night, but it would seem that the near term selling has exhausted itself for now, and some are choosing to cover short positions…

Gold Spot Price Open: $1,417 Gold Spot Price Close: $1,383 Change in Gold Spot Price:-$34 Silver Spot Price Open: $22.78 Silver Spot Price Close: $21.68 Change in Silver Spot Price:-$1.10 Gold and silver both took nosedives as soon as markets opened on Friday, primarily because of the US employment report we have been anticipating this…

Gold is being sold off today following the release of the U.S. Department of Labor’s monthly non-farm payrolls data for May. It has been reported that the U.S. added 175,000 jobs last month while the unemployment rate ticked up to 7.6%. In addition, the amount of jobs added for April was revised lower. While the…

Gold Spot Price Open: $1,404 Gold Spot Price Close: $1,413 Change in Gold Spot Price:+$9 Silver Spot Price Open: $22.64 Silver Spot Price Close: $22.67 Change in Silver Spot Price:+$0.03 Gold and silver were able to post modest gains on Thursday, though gains could have been much better if metals finished at their daily highs….

Gold Spot Price Open: $1,398 Gold Spot Price Close: $1,404 Change in Gold Spot Price:+$6 Silver Spot Price Open: $22.51 Silver Spot Price Close: $22.59 Change in Silver Spot Price:+$0.08 Gold and silver both moved more sideways than anything on Wednesday as little movement was the story of the day. Though metals did not do…