On Friday, the U.S. jobless rate dropped unexpectedly in January to 8.3 percent, the lowest level
since February 2009.  According to the Labor Department, the economy added 243,000 jobs….

The new year started off with a bang in the financial markets.  Although many investors were
cheerful of the big rally in the Dow Jones Industrial Average, precious metals out-shined the
competition. On Tuesday, the U.S….

Compiled 02/03/12 6:00 AM (CT)Statistics: London Gold Fix $1,759.50 +$12.00 LME Copper Stocks
326,100 tons -2,575 tons Shanghai Copper stocks +48,246 tons to 179,891 tonsGOLD MARKET
FUNDAMENTALS: (6:00 AM CST) The gold market seems to have a positive tilt in the early…

The gold market forged a noted range today and the results clearly weren’t what the bulls were
expecting in the wake of the better than expected US payroll report….

Precious metals posted steep losses on Friday as investors viewed the better than expected U.S. jobs data as a potential impediment to a third round of quantitative easing (QE3) by the Federal Reserve.
COMEX gold futures for April delivery snapped a three-session winning streak, as they retreated $19.00, or 1.1%, to $1,740.30 per ounce.  However, following… Read more

Gold shares headed south alongside the yellow metal on Friday after the January U.S. employment report came in far above expectations.  The Market Vectors Gold Miners ETF (GDX) – the leading gold sector ETF – dropped 1.7% to $56.50 per share in afternoon trading while COMEX gold futures slid 1.1% to $1,739.70 per ounce.  With… Read more

Some gold traders are probably a little deflated in the wake of the reaction in prices, in the wake
of a stronger than expected US non farm payroll result. Apparently the trade embraced fears that
the better than expected US numbers might temper the prospect of QE3….

Last year the University of Texas Investment Management Co. took delivery of over more than 6,000 gold bars – worth nearly $1 billion at the time – based in part on advice from noted hedge fund manager Kyle Bass.
Yesterday, Mr. Bass stated at a meeting among the endowment’s fund directors that he is “against selling… Read more

GOLD PRICE NEWS – The gold price fell $8.35, or 0.5%, to $1,751.47 per ounce Friday morning as the January U.S. jobs report came in well above expectations.  The price of gold turned lower after non-farm payrolls came in at 243,000 – handily beating the 140,000 consensus estimate among economists.  The unemployment rate dropped to… Read more

Compiled 02/03/12 6:00 AM (CT)Statistics: London Gold Fix $1,759.50 +$12.00 LME Copper Stocks
326,100 tons -2,575 tons Shanghai Copper stocks +48,246 tons to 179,891 tonsGOLD MARKET
FUNDAMENTALS: (6:00 AM CST) The gold market seems to have a positive tilt in the early…