Gold Last week was packed full of economic news and capped off with a normal announcement from the Federal Reserve Chairman.  Gold languished in a tight trading range while the markets digested the meaning and accuracy of the reports. Opening at $2,338.02 and closing down 1.5% to $2,301.93, the highs and the lows were not much to talk about.  The big story is the resilience of the yellow metal following the huge run of $600.00 per ounce since October 2023. Some expected a 10 -15% correction.  It seems 5% is all but over.  Most analysts are pointing to Russia and China as th ..read more

Gold Gold suffered some profit taking at the opening of last week both Monday and Tuesday before recovering some of its losses in the later part of the week.  Gold started the week at $2,391.87 and fell sharply to the weekly low by Tuesday before rallying to a respectable number of $2,338.02.  All eyes were turning to the Federal Reserve Meeting this week which caused layered decisions on buying and selling the Precious Metals Market.  For instance, bad inflation news in normal times would be bullish for Gold and bad for the USDollar.  But the opposite is resulting as a stu ..read more

Gold is a precious metal that has been prized by humans for thousands of years. Today, gold is used in a variety of applications, from decorative jewelry to electronic devices and medical therapies. Being unique among precious metals for its color, luster, and resistance to tarnishing, gold is also malleable, meaning it can be hammered into thin sheets or drawn into wire. Gold is abundant enough that coins can be produced, but also rare enough so that it can only be produced in limited quantities. Here are 10 interesting facts about gold that you may not know. 10 Interesting Facts About Gold ..read more

Gold Gold fared very well last week after a pullback from the all time high of $2,431.00 the week before.  Many analysts who were expecting an even more dramatic correction awoke on Monday to see that some of that happened overnight in the Far East and in Europe.  While a consolidation at this point is neither unexpected or abnormal, the fundamentals that drove the run over the last five months are still in place.  There is some optimism in the Geo-political influence that the tensions have tapered between Iran and Israel which cannot be overlooked in the price drop.  When ..read more

Gold is on an unprecedented march to new heights while garnering the unlikely attention of the mainstream media and the legions of Americans who have never invested in the safety and shelter of the yellow metal.  Of all the benefits that Gold has to offer, the most overlooked is its ability to forecast.   Those who have their finger on the pulse of the economy are the first to adjust their assets when the climate of economies shift.  While Gold is a necessary component of every portfolio, it is the “storm shelter” of choice when clouds gather on the horizon.  Gold hist ..read more

  Gold Gold opened trading for the week at $2,330.00 and closed $2,344.00 on Friday night.  To say that Gold was flat last week would be like saying Tiger Woods is a pretty good golfer.  With an historic run that now has the attention of the entire investment community, the real story is what Gold accomplished in the last 6 weeks and what it touched on Friday.  When the yellow metal reaches critical resistance on the spot market, there are typically weeks to months of battles above and below those levels.  Gold has rammed through three levels of resistance without tak ..read more

Investing in gold has long been considered a wise decision for those looking to preserve and enhance their wealth over the long term. In this blog, we'll explore why GOLD remains a viable investment option, its benefits in a diversified portfolio, the various ways to invest in gold, and some strategic considerations to keep in mind. UBS as recently as last Friday made the bold prediction gold might double in value!  UBS's Alex Lim stated, "an investor with a 2-3 year view could expect to see gold potentially double from here to more than $4,000!" Understanding Gold as an Investment Gold ..read more

In recent days, the financial markets have seen a dramatic rise in the value of gold, drawing the attention of investors and analysts worldwide. Gold has historically been a safe haven in times of economic uncertainty, and its current surge in value underscores its unwavering appeal. As we delve into the factors driving this increase and how to navigate the gold market, GMRgold stands out as the premier advisor in the United States, guiding both seasoned and new investors. Understanding the Surge in Gold Prices:  The current uptick in gold prices can be attributed to several key factors ..read more

Welcome back to our weekly precious metals market update, where we provide you with a comprehensive overview of the performance of gold, silver, platinum, and palladium. Whether you are a seasoned investor or someone considering precious metals as an investment option, this update will equip you with valuable insights into the recent performance of these timeless assets. Gold Markets Gold fell in the early week trading from $2,049.86 to $2,005.67 by Thursday followed by a nice rally on Friday to close at $2,029.72. Another conflict in the Middle East between Iran, potentially a Nuclear Power ..read more

Inflation Definition: Inflation is the rate of increase in prices over a given period of time. Inflation is typically a broad measure, such as the overall increase in prices or the increase in the cost of living in a country. Many people understand inflation all too well after the last three years. Baby Boomers understand inflation because of their experience in the late 60’s and 70’s. Inflation is expected to exist in any economy at a nominal rate. A necessity for growth. Prices inflate, wages inflate, more jobs are created, more money is required, and prices inflate. The Federal Reserv ..read more