Join us on Friday for the Weekly Market Wrap and have a wonderful week.
So we began the weekly Friday-night ritual of lighting the Shabbat candles and saying the prayers over the bread and wine.
Friday is the weekly special day of prayer in the Muslim world.
Prices Friday scored a bullish weekly high close and hit a seven-week high.
FORBES: Comex Gold Weaker On Corrective Pullback; Firmer U.S. Dollar Index
Technically, August Comex gold futures prices hit a fresh five-week low overnight and last Friday produced a bearish weekly low close.
Technically, June gold futures prices closed nearer the session low Monday and saw a corrective pullback from recent solid gains that on Friday produced a bullish weekly high close.
How markets close on Friday (near their weekly highs or weekly lows) could be a harbinger of price action in the particular market for the coming weeks, or a bit longer.
FORBES: P.M. Kitco Metals Roundup: Gold Rebounds on Bargain Hunting; Bears May Be Exhausted
Jennings also was the subject of a front-page feature in "Friday File, " a weekly employee publication.
Prices are also set to close at a technically bearish weekly low close Friday.
FORBES: A.M. Kitco Metals Roundup: Gold Sharply Lower, at 6-Mo. Low, on Heavy Technical Selling
Prices overnight hit a fresh six-week low, and on Friday closed at a bearish weekly low close.
FORBES: A.M. Kitco Metals Roundup: Gold Firmer on Light Short Covering and Bargain Hunting
The silver bears have the solid near-term technical advantage and produced a technically bearish weekly low close Friday.
Prices are poised to close at a technically bearish weekly low close Friday.
FORBES: A.M. Kitco Metals Roundup: Gold Weaker on Technical Selling, Firmer U.S. Dollar Index
Prices careened lower on Friday and produced a bearish weekly low close.
FORBES: P.M. Kitco Metals Roundup: Gold Rebounds on Short Covering, Bargain Hunting
July silver futures prices futures prices also hit a fresh five-week low overnight and last Friday also produced a bearish weekly low close.
Technically, April gold futures prices hit a fresh two-week low overnight and are in danger of producing a bearish weekly low close Friday.
FORBES: A.M. Kitco Metals Roundup: Comex Gold Solidly Lower Amid "Risk Off" Trading Day
The euro versus the dollar needed a weekly close last Friday above its five-week modified moving average at 1.2395, but the close at 1.2290 was shy of that mark.
FORBES: Dow Transports Need To Show Positive Signs To Get Bull Market Moving
The Dow Jones industrial average fell 7.1% Monday, Sept. 17, the day the market reopened, and doubled the loss by that Friday, posting its worst weekly performance since the Great Depression.
The Dow Jones industrial average fell 7.1%, to 8921, on Monday, Sept. 17, the day the market reopened, and doubled the loss by that Friday, posting its worst weekly performance since the Great Depression.
December silver futures bulls have also faded as prices hit a fresh two-month low overnight and on Friday closed at a bearish weekly low close to re-established a four-week-old downtrend on the daily bar chart.
FORBES: A.M. Kitco Metals Roundup: Gold Firmer on Short Covering, Bargain Hunting
However, the index on Friday did post a bullish weekly high close as the bulls did gain a bit a fresh upside technical momentum, but need to show more power early this week to keep it.
FORBES: Comex Gold Steady-Weak, Silver Lower amid Sell Off in Crude Oil Market
But the bulls do not want to see follow-through selling pressure on Friday to produce a bearish weekly low close and raise the specter of a bearish double-top reversal pattern forming on the daily bar chart.
Technically, gold futures bulls have faded badly on a near-term basis as prices hit a fresh two-month low overnight and on Friday closed at a bearish weekly low close, to also re-establish a four-week-old downtrend on the daily bar chart.
FORBES: A.M. Kitco Metals Roundup: Gold Firmer on Short Covering, Bargain Hunting
Gold prices are also closed at a technically bullish weekly high close on Friday.
Silver prices are also closed at a technically bullish weekly high close on Friday.
The silver bulls have faded recently, including a bearish weekly low close on Friday.
The dollar index is poised to produce a technically bearish weekly low close on Friday.
FORBES: A.M. Kitco Metals Roundup: Comex Gold Weaker On Corrective, Profit-Taking Pullback
Prices hit a five-week low and closed at a bearish weekly low close on Friday.
FORBES: A.M. Kitco Metals Roundup: Gold Firmer on Short Covering, Bargain Hunting
Meantime, Nymex crude oil prices were sharply lower Friday and closed at a bearish weekly low close.
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