Gold Over $300 – This Rally Looks Solid
Gold Over $300, Today�s New York Market Close @ $303.70 In the New York trading session gold posted a high of $306.80 and a low of $299.70, before posting a close of $303.70 an ounce. This rally continues to look solid. Today's close above $300 confirms that there is a growing interest in gold both […]
Read MoreGold Up $8.50 NY Mkt Close @ $298.50
Greetings again from Dana Samuelson, Owner of American Gold Exchange. In this brief gold market update: Gold up $8.50 – closing at $298.50 in New York. Gold surged $8.50 to $298.50 today in the New York trading session as speculative buying, short covering and technical buying buoyed the yellow metal. Gold market trading should grow […]
Read MoreGold: A Flight to Quality
Greetings from Dana Samuelson, Owner of American Gold Exchange. In this gold market update: Gold up $3.90, at $282.60 Stocks hammered by "Enron-itis" Investors returning to gold in a flight to quality Best environment for a major gold surge in 21 years! Gold still looks pretty resilient to me right now. After pulling back from […]
Read MoreWill gold finally break out in 2002?
Happy New Year! from Dana Samuelson, Owner of American Gold Exchange. In this gold market update: Argentina�s default and Enron�s bankruptcyThe lessons of JapanMajor economic cycles � boom and bustWill gold finally break out in 2002? Happy New Year! Gold looks pretty resilient to me right now. The gold price has moved up in the […]
Read MoreThe Big Picture (cont�d), Gold�s Future Prospects
Best wishes from Dana Samuelson, Owner of American Gold Exchange. In this gold market update: The Big Picture � ContinuedThe Dow Rebounds – Will Santa Clause Save Us?Gold's Future Prospects The Big Picture � Continued In our last update we reminded you of what happened to the gold price in the 1970s, when it multiplied […]
Read MoreGold pulls back; safe haven buying continues.
Best wishes from Dana Samuelson, Owner of American Gold Exchange. In this gold market update: Gold pulls back but remains poised for major breakout. The world has radically changed. Safe haven gold buying continues unabated. Our current recommendations for gold investors. Gold pulls back but remains poised for a major breakout. In our last update […]
Read MoreGold ready for major breakout.
Best wishes from Dana Samuelson, Owner, American Gold Exchange. In this gold market update: Gold ready for major breakout. Safe haven buying escalates.The impact of the crisis.Our recommendations.Silver and platinum. Gold ready for major breakout. Currently trading between $293 and $294 per ounce, gold has surged and held its gains since the tragic terrorist attack […]
Read MoreGold market status after terrorist attack
Best Wishes from Dana Samuelson, Owner of American Gold Exchange. We've been getting many phone calls since the horrific tragedy of yesterday asking about the current state of the gold market. Today's email update offers some explanation. First let me say that our prayers go out to those who have suffered. Personally, I urge all […]
Read MoreSummer doldrums arrive
Summer doldrums arrive The long-term perspective Trade-in Blow-outs Summer doldrums arrive The summer doldrums have firmly settled upon the Northern Hemisphere-and the gold market-as we celebrate this year's U.S. Independence Day. Like the rest of us, gold tends to go on vacation during July and August, or at least take extended siestas, and this year […]
Read MoreGold Market Update
Because of the recent drop in the gold price, we're issuing a Strong Buy Alert! Since our last update, gold has softened in price as the bears continue to control this market in the near term. Today gold is trading just above the previous 20-year low in the $255 to $259 range. It is possible […]
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