Daily Market Report

(USAGOLD – 11/4/2020) – Gold is level this morning after an indecisive night in overseas markets in which it swung from a high of $1915 to a low of $1890. At the moment, it is trading at $1909 where it finished the...

(USAGOLD – 11/3/2020) – Gold advanced for the third straight day as investors contemplated election day with trepidation, virus case counts mounted both in the U.S. and overseas, and the dollar dropped sharply in...

(USAGOLD – 11/2/2020) – Gold continued its unexpected pre-election turn to the upside begun on Friday on vote-related concerns, lockdowns in Europe and a consequent return of safe-haven demand. It is up $12 this...

(USAGOLD – 10/30/2020) – Gold returned to form as we close the week on what looks like election concerns and an unexpected return of its safe-haven appeal. It is up $15 at $1885.50. Silver is up 39¢ at $23.72. U.S....

(USAGOLD – 10/29/2020) – It’s a day in October, but it’s beginning to look like a day from this past March when the markets got the first inkling of the financial danger that could accompany some deadly new...

(USAGOLD – 10/27/2020) – Gold continues to tread water in the run-up to next Tuesday’s election. It is up $2 at $1906. Silver is up 16¢ at $24.60. With the Senate now adjourned, it looks like hopes for a stimulus...

(USAGOLD – 10/22/2020) – Gold continues to seesaw around the $1900 mark in the run-up to the U.S. election with safe-haven demand acting as a positive influence and ongoing gridlock over the stimulus package acting...

CNBC/Eustance Huang/10-21-2020 “The [Standard Chartered] analyst said a victory for former Vice President Joe Biden would mean any dollar depreciation is set to be ‘very clear and very pronounced.’ If President...

(USAGOLD – 10/30/2020) – Chart of the Day Chart courtesy of Statista.com • • • Click to enlarge Chart note:  A little known fact – the highest production globally comes from mines located in Nevada,...

Daily Reckoning/James Rickards/10-19-2020 “Now the third great bull market is underway. It began on December 16, 2015 when gold bottomed at $1,050 per ounce at the end of the 2011-2015 bear market. Since then, gold...

Advisor Perspectives/John Hussman/10-19-2020 “Ultimately, the speculation drives prices high enough, relative to likely future cash flows, to virtually ensure zero or negative long-term returns on even those assets....

(USAGOLD – 10/21/2020) – Gold pushed deeper into the 1900s this morning on hopes that Washington would find its way to a stimulus agreement worry deepened over a second wave of the coronavirus. It is up $13 at...

(USAGOLD – 10/20/2020) – The precious metals look subdued this morning after yesterday’s failed attempt to generate some upside. Overall, markets remain on hold with the election two weeks out, Washington in a...

(USAGOLD – 10/19/2020) – Gold started the week on a positive note with three items of interest fueling the upside. First, renewed hopes for s stimulus package before the election. Second, a softening dollar...

CNBC/Hugh Son/10-8-2020 “Money is close to a free commodity,” Blankfein said. “And when something is free, you tend not to husband it, you tend to overuse it like it’s a free good.” USAGOLD note:  Blankenfein...

(USAGOLD – 10/16/2020) – Gold continues to bide its time in the run-up to the U.S. election with safe-haven demand acting as a positive influence and ongoing gridlock over the stimulus package acting as a deterrent....

(USAGOLD – 10/14/2020) –  Gold is attempting to regain its footing after yesterday’s $30 decline – a drop that coincided with the release of a less than inspiring consumer price report. It is up $14.50 in the...

(USAGOLD – 10/13/2020) – Gold dropped marginally in today’s early going without much in the way of news to inspire more definitive price movement. It is down a $1 at $1925. Silver is down 11¢ at $25.08.  The...

(USAGOLD – 10/12/2020) – Gold drifted lower and silver cautiously higher to start the week mostly on dollar strength and uneasiness over Washington’s ability to deliver on a fiscal stimulus package. Gold is down...