JMBullion.com Blog

Well it looks as if the gold market has spoken. Spot gold is trading down over $62 per ounce at $1502 and change as of this writing. The market has suffered a massive long liquidation day that looks to be primarily driven by chart selling. The U.S. Dollar has traded flat for most of the…

Gold Spot Price Open: $1,566 Gold Spot Price Close: $1,479 Change in Gold Spot Price:-$87 Silver Spot Price Open: $27.82 Silver Spot Price Close: $25.89 Change in Silver Spot Price:-$1.93 Gold and silver both took huge hits on Friday as very few investors anticipated such a large drop-off. At the end of the day gold…

Gold and silver have dipped to their lowest levels in months, as stop-loss orders were triggered in heavy fashion this morning when gold dropped below what had been strong support at $1,539. Currently, gold is down $31 on the morning, sitting at $1,534.57, while silver has shed a dollar even, with a current price of…

Both gold and silver have traded lower this morning, after the Fed accidentally released FOMC minutes prior to their scheduled 2PM release. The minutes themselves provided little direction, as the officials were quite divided on when and how to wind down the Fed’s policy of buying $85 billion/month in US Treasury bonds. Although the overall…

Gold Spot Price Open: $1,573 Gold Spot Price Close: $1,586 Change in Gold Spot Price:+$13 Silver Spot Price Open: $27.23 Silver Spot Price Close: $28.01 Change in Silver Spot Price:+$0.78 Gold and silver both experienced positive days on Tuesday as both metals happened to make significant gains. Gold picked up about 13 dollars while silver…

Gold Spot Price Open: $1,582 Gold Spot Price Close: $1,574 Change in Gold Spot Price:-$8 Silver Spot Price Open: $27.39 Silver Spot Price Close: $27.32 Change in Silver Spot Price:-$0.07 Gold and silver remained mostly flat on Monday as trading was quiet in the US and abroad. At the end of the day gold was…

Gold is trading modestly lower on Monday. Price looks to be consolidating after Friday’s strong move to the upside. There was no significant data for release on Monday however, Ben Bernanke will be speaking at the Atlanta Fed conference this evening. Tuesday is light in terms of data as well. On Wednesday, the FOMC minutes…

Bullion is trading higher this morning following the U.S. Department of Labor’s  release of March non-farm payrolls data. The U.S. added only 88,000 jobs last month. The consensus was for an addition of approximately 190,000 jobs. Needless to say, this report was a huge disappointment. The jobless rate did down tick to 7.6%, although this…

Gold Spot Price Open: $1,549 Gold Spot Price Close: $1,583 Change in Gold Spot Price:+$34 Silver Spot Price Open: $26.80 Silver Spot Price Close: $27.24 Change in Silver Spot Price:+$0.44 Friday saw gold and silver wipe out some of their early week losses, but not enough to bring them back to where they were on…

Gold Spot Price Open: $1,560 Gold Spot Price Close: $1,556 Change in Gold Spot Price:-$4 Silver Spot Price Open: $26.93 Silver Spot Price Close: $26.97 Change in Silver Spot Price:-$0.04 Gold and silver finally saw some relief from their 2-day landslide which started on Tuesday. At the end of the day gold was still down,…

Gold Spot Price Open: $1,576 Gold Spot Price Close: $1,559 Change in Gold Spot Price:-$15 Silver Spot Price Open: $27.28 Silver Spot Price Close: $27.04 Change in Silver Spot Price:-$0.24 Gold and silver suffer huge days for the second day in the row as methodical sell-offs are mostly to blame. Gold ended the day down…

Gold and silver have continued their slide as investors have renewed optimism towards the US recovery, as well as quelled fears over Cyprus. Gold currently sits at $1,572, down just over $3 from the open. Silver is priced at $27.15, which is down just over a dime this morning. Both of these prices are at…

Gold Spot Price Open: $1,599 Gold Spot Price Close: $1,577 Change in Gold Spot Price:-$22 Silver Spot Price Open: $28.03 Silver Spot Price Close: $27.31 Change in Silver Spot Price:-$0.72 Gold and silver both got destroyed on Tuesday as silver investors rightfully fear the direction the metal has been heading lately. Gold was down a…

Gold Spot Price Open: $1,599 Gold Spot Price Close: $1,601 Change in Gold Spot Price:+$2 Silver Spot Price Open: $28.38 Silver Spot Price Close: $28.05 Change in Silver Spot Price:-$0.33 Both precious metals had an off day to start the week although this news did not come as a surprise to many. At the end…

Gold prices sought higher ground during Monday’s trade. Spot gold is back trading at the $1600 level. Data released Monday included the  PMI manufacturing index, the ISM manufacturing index, and construction spending. Monday’s round of data was a tad on the weak side and spurred some selling in equities. Gold appears to have been bid…

Gold Spot Price Open: $1,595 Gold Spot Price Close: $1,597 Change in Gold Spot Price:+$2 Silver Spot Price Open: $28.37 Silver Spot Price Close: $28.40 Change in Silver Spot Price:+$0.03 Gold and silver both finished the week fairly stagnant as the overall outlook on this week’s performance was fairly dismal. When the dust had cleared…

Gold prices were in the red on Friday. Gold futures for April delivery settled down $11.40 per ounce at $1594.80. The yellow metal has had a difficult time maintaining trade above the key $1600 level. In fact, gold’s failure to take out overhead resistance at the $1615.50 area caused bulls to give up this week-at…

Gold Spot Price Open: $1,607 Gold Spot Price Close: $1,598 Change in Gold Spot Price:-$9 Silver Spot Price Open: $28.76 Silver Spot Price Close: $28.40 Change in Silver Spot Price:-$0.36 Gold and silver both had fairly bad days at the office on Thursday as it seems people are no longer buying the yellow metal in…

Gold Spot Price Open: $1,598 Gold Spot Price Close: $1,607 Change in Gold Spot Price:+$9 Silver Spot Price Open: $28.78 Silver Spot Price Close: $28.71 Change in Silver Spot Price:-$0.07 Precious metals saw mixed results on Wednesday as silver took a bit of a fall while gold was almost up by double digit figures. By…

It has been a strange day in metals prices, as gold has risen due to Eurozone uncertainty, while silver has slid to a 3-week low on technical selling. Gold currently sits at $1,605, up $8 on the day, largely due to the Euro sliding (gold is currently at a two-month high when priced in Euros),…

Gold Spot Price Open: $1,603 Gold Spot Price Close: $1,602 Change in Gold Spot Price:-$1 Silver Spot Price Open: $28.84 Silver Spot Price Close: $28.79 Change in Silver Spot Price:-$0.05 Gold and silver both had forgettable days on Tuesday even though conditions suggest that they should have finished stronger. At the end of the day…

Gold Spot Price Open: $1,610 Gold Spot Price Close: $1,607 Change in Gold Spot Price:-$3 Silver Spot Price Open: $28.76 Silver Spot Price Close: $28.88 Change in Silver Spot Price:+$0.12 A new bailout agreement in Cyprus puts some pressure on gold, part of the reason why the yellow metal was down slightly on Monday. At…

Well it was a nervous weekend for investors. Everyone was paying close attention to the developments coming out of Cyprus on Sunday. A deal was in fact reached, and Monday morning saw markets trading higher with safe-havens such as gold and bonds trading lower. The euphoria did not last long however.  The stock market gave…

Gold futures for April delivery closed down today. As of this writing, futures are trading down $8.50 per ounce at $1,605.30.  Although the yellow metal closed down on Friday, this week did mark three weeks of gains for the precious metal. Clearly the continued uncertainty surrounding Cyprus is adding fuel to the fire as the…

Gold Spot Price Open: $1,615 Gold Spot Price Close: $1,609 Change in Gold Spot Price:-$6 Silver Spot Price Open: $29.28 Silver Spot Price Close: $28.85 Change in Silver Spot Price:-$0.43 Gold and silver both had dismal days on Friday which turned a half-decent week into one that is likely going to be forgotten quickly. At…