JMBullion.com Blog
Posted on November 29, 2016
Gold Spot Price Open: $1,194 Gold Spot Price Close: $1,192 Change in Gold Spot Price: -$2 Silver Spot Price Open: $16.69 Silver Spot Price Close: $16.62 Change in Silver Spot Price: -$0.07 After performing decently to begin the week, both gold and silver took a downward turn on Tuesday thanks to some better than expected…
Read More
Posted on November 28, 2016
Gold Spot Price Open: $1,186 Gold Spot Price Close: $1,195 Change in Gold Spot Price: +$9 Silver Spot Price Open: $16.60 Silver Spot Price Close: $16.56 Change in Silver Spot Price: -$0.04 Precious metals opened up the last week of November posting mixed results. When all was said and done on Monday, gold added roughly…
Read More
Posted on November 28, 2016
Market Overview: Both gold and silver are moving higher in early trade this morning, although both metals are well-off their overnight highs. Gold and silver may finally be seeing some bargain hunting come into the market, and shorts may also be doing some covering following the recent move lower in both metals. The highly anticipated…
Read More
Posted on November 25, 2016
Market Overview: The precious metals complex is mixed today in light holiday trade, with gold declining while silver sees a little buying. Volumes are likely to be extremely light today following the Thanksgiving Holiday yesterday, as most investors take advantage of the long weekend. Gold and silver investors are in need of some bullish news,…
Read More
Posted on November 25, 2016
Gold Spot Price Open: $1,186 Gold Spot Price Close: $1,186 Change in Gold Spot Price: NO CHANGE Silver Spot Price Open: $16.40 Silver Spot Price Close: $16.51 Change in Silver Spot Price: +$0.11 Precious metals managed to make some small gains on Friday as some Americans returned from the Thanksgiving Day holiday. When all was…
Read More
Posted on November 23, 2016
Gold Spot Price Open: $1,214 Gold Spot Price Close: $1,190 Change in Gold Spot Price: -$24 Silver Spot Price Open: $16.72 Silver Spot Price Close: $16.31 Change in Silver Spot Price: -$0.41 Precious metals fell sharply on Wednesday even despite some US economic data that might have led people to believe the opposite might happen….
Read More
Posted on November 22, 2016
Gold Spot Price Open: $1,212 Gold Spot Price Close: $1,214 Change in Gold Spot Price: +$2 Silver Spot Price Open: $16.60 Silver Spot Price Close: $16.62 Change in Silver Spot Price: +$0.02 Metals made small gains on Tuesday even despite a piece of US economic data that came back better than expected. When all was…
Read More
Posted on November 21, 2016
Market Overview: Both gold and silver are modestly higher in early trade today. In what will likely be a very low volume trading week, gold and silver could potentially benefit from some short covering as well as back and fill trade in key outside markets. Markets continue to digest the recent Presidential election, and for…
Read More
Posted on November 18, 2016
Gold Spot Price Open: $1,214 Gold Spot Price Close: $1,210 Change in Gold Spot Price: -$4 Silver Spot Price Open: $16.73 Silver Spot Price Close: $16.55 Change in Silver Spot Price: -$0.18 Precious metals pulled back a little bit further on Friday to solidify a losing week. When all was said and done, gold backtracked…
Read More
Posted on November 18, 2016
Market Overview: The gold and silver markets simply do not have a whole lot working in their favor right now. These precious metals are both lower in early action today, as strong risk appetite, a higher dollar and rising rates all take a toll. Of course, it will be some time before investors can see…
Read More
Posted on November 17, 2016
Gold Spot Price Open: $1,226 Gold Spot Price Close: $1,219 Change in Gold Spot Price: -$7 Silver Spot Price Open: $16.97 Silver Spot Price Close: $16.64 Change in Silver Spot Price: -$0.33 Precious metals back-tracked on Thursday thanks to some commentary as well as economic data that acted as bearish factors from midday on forward….
Read More
Posted on November 16, 2016
Gold Spot Price Open: $1,225 Gold Spot Price Close: $1,227 Change in Gold Spot Price: +$2 Silver Spot Price Open: $17.03 Silver Spot Price Close: $16.95 Change in Silver Spot Price: -$0.08 Precious metals didn’t do much moving on Wednesday, but what limited action there was saw metals finish the day mixed. When all was…
Read More
Posted on November 15, 2016
Gold Spot Price Open: $1,223 Gold Spot Price Close: $1,228 Change in Gold Spot Price: +$5 Silver Spot Price Open: $16.90 Silver Spot Price Close: $17.07 Change in Silver Spot Price: +$0.17 Precious metals recovered a bit after a few days’ worth of consecutive losses, but what gains were made were marginal in nature. When…
Read More
Posted on November 14, 2016
Gold Spot Price Open: $1,229 Gold Spot Price Close: $1,223 Change in Gold Spot Price: -$6 Silver Spot Price Open: $17.43 Silver Spot Price Close: $16.92 Change in Silver Spot Price: -$0.51 Gold and silver fell to begin the week as a stronger Dollar, US stocks, and Treasury yields continue to prevent metals from moving…
Read More
Posted on November 14, 2016
Market Overview: The gold and silver markets are under pressure once again today as the “Trump” rally in stocks continues. Markets have thus far not exhibited the type of reaction that many analysts had called for if Trump were to be elected the next President, and positions may continue to be unwound as some investors…
Read More
Posted on November 11, 2016
Gold Spot Price Open: $1,267 Gold Spot Price Close: $1,227 Change in Gold Spot Price: -$40 Silver Spot Price Open: $18.77 Silver Spot Price Close: $17.32 Change in Silver Spot Price: -$1.45 Gold and silver are both going to finish the day on Friday having lost a lot ground, and for the week both metals…
Read More
Posted on November 11, 2016
Market Overview: Markets still appear to be trying to figure out what they want to do. Financial markets have thus far not behaved in the way many thought they would given a Trump election victory. Risk appetite appears to be relatively high once again, and despite the protests and some of the negative commentary in…
Read More
Posted on November 10, 2016
Gold Spot Price Open: $1,276 Gold Spot Price Close: $1,261 Change in Gold Spot Price: -$15 Silver Spot Price Open: $18.48 Silver Spot Price Close: $18.59 Change in Silver Spot Price: +$0.11 Precious metals finished the day on Thursday mixed as talk of the recently completed election persists. When all was said and done, gold…
Read More
Posted on November 09, 2016
Gold Spot Price Open: $1,278 Gold Spot Price Close: $1,280 Change in Gold Spot Price: +$2 Silver Spot Price Open: $18.41 Silver Spot Price Close: $18.46 Change in Silver Spot Price: +$0.05 While it initially looked like Wednesday might see massive gains for metals, such did not pan out by the time markets closed. When…
Read More
Posted on November 08, 2016
Gold Spot Price Open: $1,283 Gold Spot Price Close: $1,278 Change in Gold Spot Price: -$5 Silver Spot Price Open: $18.28 Silver Spot Price Close: $18.34 Change in Silver Spot Price: +$0.06 Precious metals finished mixed on Tuesday, but most people are ignoring today’s action as the market awaits the results of the US presidential…
Read More
Posted on November 07, 2016
Gold Spot Price Open: $1,307 Gold Spot Price Close: $1,284 Change in Gold Spot Price: -$23 Silver Spot Price Open: $18.49 Silver Spot Price Close: $18.16 Change in Silver Spot Price: -$0.33 Precious metals ended up taking a hit and giving back a lot of the gains that were made last week. When all was said…
Read More
Posted on November 07, 2016
Market Overview: Gold and silver are both seeing some decent selling pressure in early action today to kick off the new trading week. The metals are being sold as risk appetite comes roaring back following an announcement yesterday that the FBI has again cleared Presidential candidate Hillary Clinton of any charges. This latest development follows…
Read More
Posted on November 04, 2016
Gold Spot Price Open: $1,303 Gold Spot Price Close: $1,307 Change in Gold Spot Price: +$4 Silver Spot Price Open: $18.38 Silver Spot Price Close: $18.38 Change in Silver Spot Price: NO CHANGE Gold and silver picked up ground on Friday thanks to an employment report that slightly missed the mark. When all was said…
Read More
Posted on November 04, 2016
Market Overview: Both gold and silver are moving slightly lower in early trade today as investors digest the latest Employment Situation report. The clock is now rapidly ticking towards the highly anticipated Presidential election, which at this point appears to be a very tight race. Donald Trump has closed the gap significantly in the last…
Read More
Posted on November 03, 2016
Gold Spot Price Open: $1,308 Gold Spot Price Close: $1,305 Change in Gold Spot Price: -$3 Silver Spot Price Open: $18.71 Silver Spot Price Close: $18.32 Change in Silver Spot Price: -$0.39 Precious metals conceded some value on Thursday after the first half of the week yielded nice gains. When all was said and done,…
Read More