Closing Gold & Silver Market Report  - 10/31/2013

• Gold, $1,324.90, Down $26.40.
• Silver, $21.98, Down $1.06.

Morning Gold & Silver Market Report  - 10/31/2013

• Gold, $1,328.10, Down $23.20.
• Silver, $22.07, Down $0.97.

Closing Gold & Silver Market Report  -- 10/30/2013

• Gold, $1,344.60, Down $2.90.
• Silver, $22.78, Up $0.24.

Morning Gold & Silver Market Report  -- 10/30/2013

• Gold, $1,356.50, Up $9.00.
• Silver, $23.00, Up $0.45.

Closing Gold & Silver Market Report  - 10/29/2013

• Gold, $1,347.00, Down $7.20.
• Silver, $22.60, Up $0.01.

Morning Gold & Silver Market Report - 10/29/2013

PROFIT-TAKING DROPS GOLD FROM FIVE-WEEK HIGH

The Gold price is retreating from a five-week high in early morning trading as the Federal Reserve's two-day policy meeting begins today. Expectations are that when the meeting concludes Wednesday, the  Fed will announce a continuation  of its highly-accommodative quantitative easing program. VTB Capital analyst Andrey Kryuchenkov said of the Gold price, ''We had decent gains yesterday and a bit of profit-taking was to be expected. The main focus remains on the Fed and the market seems to have factored in the central bank will not change its current accommodative stance. ? The market will continue to be sensitive to any U.S. data and bullion's trade will continue to be strongly correlated to the dollar index.''

MarketWatch's Brett Arends gave five reasons that the  stock market bulls are getting it wrong. Arends likened today?s situation to that of the dotcom bubble of 1999 and the housing bubble of 2006. Among reasons given were recent stock valuations in bubble territory, the fact that even noted market bears are turning bullish, and current debt levels.

At 9 a.m. (ET), the APMEX Precious Metals spot prices were:

• Gold, $1,348.60, Down $5.60.
• Silver, $22.57, Down $0.02.

Gold Daily and Silver Weekly Charts - Quiet Comex Option Expiration

Gold Tests 5-Week Highs. " Should Continue Pushing Higher" : Citi

Closing Gold & Silver Market Report  -- 10/28/2013

• Gold, $1,354.20, Down $0.30.
• Silver, $22.56, Down $0.13.

Morning Gold & Silver Market Report -- 10/28/2013

GOLD STEADIES AHEAD OF MONTHLY FED MEETING

The Gold price is trading relatively flat on Monday morning as Precious Metals investors speculate over the future of the Federal Reserve's quantitative easing program.  With the recent government shutdown in Washington and uninspiring economic figures fresh in the minds of Fed officials, many economists expect no deviation from the current level of stimulus following the Fed's two-day policy meeting later this week. ''The longer-term outlook for Gold has turned a bit more positive recently because the tapering is not a foregone conclusion considering how the U.S. data has developed over the last couple of months,'' Saxo Bank senior manager Ole Hansen said.    Gold has rallied six percent over the last two weeks  and is hovering near five week highs.

U.S. stock figures are fluctuating during morning trading  following ongoing corporate earnings data and expectations for new industrial production figures.   ''Optimism over corporate earnings and the fact that there?s no end in sight to the lax monetary policy of the Fed have combined to leave equity traders on the front foot as the new week gets underway,'' one analyst said.  Investors will await the opening bell to see if manufacturing predictions and further earnings numbers can live up to the forecasts and drive key stock indexes higher to start the week.

At 9:40 a.m. (ET), the APMEX Precious Metals spot prices were:

• Gold, $1,351.00, Down $3.50.
• Silver, $22.53, Down $0.16.

Weekly Gold & Silver Market Recap -- 10/25/2013

GOLD AWAITS FED?S NEXT MOVE

Gold remained flat during Monday trading as investors were still unsure of the Federal Reserve's next move regarding fiscal policy. The yellow metal jumped nearly four percent the previous week under assumptions that the Fed will not taper its $85 billion monthly bond-buying program especially after the recent government shutdown, which has hurt economic growth expectations. ''At some point the Fed will have to start tapering, there is also a consensus view that over three, four, five years bond yields will most likely be higher, and right now inflation rates are very low and show no sign of picking up,'' Credit Suisse analyst Tobias Merath said. ''These are the factors you will look at, if you ask yourself whether there is a need to buy Gold right now.''  The Fed has already announced they will not cut back monetary policy unless the job and housing markets show improvement both have been fragile since 2008.

HOUSING MARKET RECOVERY LOSING GROUND

The housing market is showing some weaker than expected data  as the National Association of Realtors reported Monday that U.S. home resale?s fell 1.9 percent for the month of September. The drop is thought to be caused by higher mortgage rates along with consumers in the market place whose salaries are barely rising. Investors believe recent higher borrowing costs are slowing the housing market recovery.

DELAYED JOBS REPORT BOOSTS GOLD, SILVER PRICES

The U.S. Labor Department?s jobs report, originally due October 4, was released Tuesday morning.  Economists expected an increase of 185,000 jobs in September, and the report showed a gain of 148,000, well less than expected. The unemployment rate fell slightly to 7.2 percent, which boosted stock futures in premarket trading, but the overall report was enough to push Gold and Silver prices up more than one percent.

Lately, the Gold price seems to be directly tied to the possibility of quantitative easing tapering. U.S. Federal Reserve officials have said recently that stronger economic data is needed before tapering will be announced, so the disappointing jobs report affecting the Gold price in a positive way was no surprise.  While noting that the possible government shutdown could have affected hiring in September, Macquarie analyst Matthew Turner said, ''On the other hand, employment is the key variable for the Fed tapering. In terms of Gold market reaction, as long as they haven't done it, there is always that suspicion that they can't do because the economy is not that strong, which could support prices.''

GOLD DOWN SLIGHTLY AFTER REACHING FIVE-WEEK HIGH

Following a rally that pushed Gold to a five-week high on Tuesday,  profit-taking forced the yellow metal lower Wednesday. During a year that has seen Gold enter short-term bearish territory, some analysts have a positive outlook going forward as the metal is set to realize its first year of losses in more than a decade. Adam Koos, president of Libertas Wealth Management Group likes Gold?s prospects if it can stay above the critical technical level of $1,250 an ounce. He added that Gold?s ''longer-term intermediate bearish trend was just broken and we?re looking at a positive trend for the first time this year.'' With the nomination of Janet Yellen to Federal Reserve Bank chairman, investors and analysts will await indication of her agenda regarding the future of quantitative easing (QE). Most analysts are predicting the announcement of a QE to be delayed until at least mid-2014. Historically, the ultra-loose monetary policy has been a strong catalyst for higher Precious Metal prices.

WHEN WILL QUANTITATIVE EASING BE TAPERED?

In September, the Fed announced their decision not to cut back its infamous $85 billion monthly bond buying program due to the current U.S. economic condition. ''If you look at where we are economically, versus where we were a year ago, we're virtually in the exact same place,'' Goldman Sachs Group Inc. President Gary Cohn said. ''So if quantitative easing made sense a year ago, it probably still makes sense today.'' The question many investors have is when the Fed will decide to taper fiscal policy as it will have to eventually happen with a growing balance sheet. ''They're in a position where they know they can?t quantitatively ease forever, they know they?re building a bigger and bigger balance sheet, but their No. 1 objective is to try and grow the U.S. economy,'' Cohn said. ''I do believe eventually they will taper. Eventually can be a very long time.''

SOFT DOLLAR, QE SPECULATION LIFT PRECIOUS METALS

Gold traded higher Thursday as a weaker  U.S. dollar helped lift Precious Metals prices. ''A still weak U.S. dollar -- the U.S. currency has weakened against the euro to exceed the $1.38 mark for the first time in almost two years -- is one major reason why the Gold price has been able to gain to around $1,340 per troy ounce this morning,'' analysts at Commerzbank AG said. The perpetuation of quantitative easing measures by the U.S. Federal Reserve is also helping boost the Gold price as the recent  government shutdown and disappointing employment numbers lend credence to Fed officials wanting to delay a possible stimulus taper. ''The stimulus story is lending support to Gold,? Frank Lesh, a trader at FuturePath Trading, said. ?Worries about the health of the U.S. economy are pushing some to Gold.''

GOLD RALLIES BACK TO EVEN ON WEAK CONSUMER SENTIMENT

The  Gold price rose back to even levels  Friday following early losses as weak consumer sentiment data increased the appeal of Precious Metals, setting Gold up to realize a week of gains. ''Bad news is a good news for Gold,'' Naeem Aslam, chief market analyst at AvaTrade, said. ''Core durable good and consumer sentiment have further firmed the optimism'' for continued quantitative easing. ''We have to keep in mind that we still need to factor in the cost of a government shutdown for November?s data, which does not seem good either,'' he said. Technical traders of Gold are now looking for the yellow metal to break through the next resistance level of $1,380 before it can break out of its current range and signal the potential start of a bullish move in the short to medium term.

At 4:30 p.m. (ET), the APMEX Precious Metals spot prices were:

• Gold, $1,353.90, Up $1.60.
• Silver, $22.60, Down $0.27.

Mid-Day Gold & Silver Market Report - 10/25/2013

GOLD RALLIES BACK TO EVEN ON WEAK CONSUMER SENTIMENT

The  Gold price has risen back to even levels  following early losses as weak consumer sentiment data increased the appeal of Precious Metals, setting Gold up to realize a week of gains. ''Bad news is a good news for gold,'' Naeem Aslam, chief market analyst at AvaTrade, said. ''Core durable good and consumer sentiment have further firmed the optimism'' for continued quantitative easing. ''We have to keep in mind that we still need to factor in the cost of a government shutdown for November?s data, which does not seem good either,'' he said. Technical traders of Gold are now looking for the yellow metal to break through the next resistance level of $1,380 before it can break out of its current range and signal the potential start of a bullish move in the short to medium term.

Another day of modest gains for U.S. stocks has pushed the  S& P 500 to within one point of its all-time intraday record. Investors and analysts continue to scrutinize economic data to determine the future of the Federal Reserve's quantitative easing program. ''Earnings have been good enough and the liquidity spigot is open so that people see very little risk in the system,'' Charlie Smith, chief investment officer of Fort Pitt Capital Group Inc., said. ''It's like a giant game of musical chairs. The attitude on the part of most investors is that they have to play while the Fed got the music going.''

At 2:33 p.m. (ET), the APMEX Precious Metals spot prices were:

• Gold, $1,353.10, Up $0.80.
• Silver, $22.60, Down $0.27.

Morning Gold & Silver Market Report - 10/25/2013

GOLD HEADED FOR SECOND WEEK OF GAINS

The Gold price is  headed for a two percent gain on the week, even with a slight retreat from the five-week highs attained yesterday. The U.S. dollar is trading against other currencies at a nine-month low, and U.S. Treasury yields are at three-month lows. HSBC said in a note, ''The recent trend in Gold and its volatile reaction to the most recent economic release show the market is still heavily data-dependent for price direction. While we are bullish on Gold longer term, further gains may be difficult to achieve in the near term.''

U.S. stock futures are  mixed in premarket trade amid earnings reports  from some Dow and NASDAQ components. For S& P 500 companies that have reported so far, 52 percent surprised with positive results, and 72 percent beat expectations. For economic data, U.S. durable-goods orders for September rose by 3.7 percent, which had little effect on markets. Another report, the University of Michigan/Thomson Reuters consumer sentiment index, is due later this morning, and expectations are for a drop.

At 9 a.m. (ET), the APMEX Precious Metals spot prices were:

• Gold, $1,344.40, Down $7.90.
• Silver, $22.42, Down $0.45.