Commentary for Thursday, April 17, 2025 – Today gold closed down $17.90 at $3308.70, and silver closed down $0.51 at $32.42. The price of gold this morning is cooling a bit after setting new record highs this week. Traders and investors continue to ponder changing tariff winds and generally lower interest rates. But with the price of […]
Author Archives: Richard
Commentary for Friday, April 11, 2025 (www.golddealer.com) – Today gold closed up $67.00 at $3222.20, and silver closed up $1.15 at $31.82. If you are a bull, you must love today’s Reuters headline – Gold soars past $3,200 as trade war deepens, dollar loses ground. The amazing part of this developing story is that even cautious traders, […]
Commentary for Friday, April 4, 2025 – Today gold closed down $85.00 at $3012.00, and silver closed down $2.72 at $29.12. The significant losses in gold yesterday and today have shaken investors in an otherwise enthusiastic market which has been pushed higher by bullish sentiment for months. Some traders are calling this a kind of Armageddon effect. […]
Commentary for Friday, March 28, 2025 – Today gold closed up $26.30 at $3086.50, and silver closed down $0.26 at $34.64. This has been another great week for the metals. Inflation is proving to be “sticky”, the dollar is moving lower, and geopolitical tension is moving higher. However, insiders are surprised there has not been more […]
Commentary for Friday, March 21, 2025 – Today gold closed down $21.80 at $3018.20, and silver closed down $0.50 at $33.29. This has been one of those seminal weeks for gold as Trump politics, changing tariffs, a confusing FOMC decision and geopolitical problems create a bumpy price ride. Yet higher prices and enthusiasm encourage bullish gold […]
Commentary for Friday, March 14, 2025 – Today gold closed down $8.45 at $2986.05, and silver closed down $0.40 at $33.79. Even though gold has been in a generally bullish trend for months it is hard to believe that from last Friday through this Friday it gained more than $100.00 and set a new all-time record high. […]
Commentary for Friday, March 7, 2025 – Today gold closed down $11.90 at $2904.70, and silver closed down $0.51 at $32.55. The price of gold got off to a great start early this week, as uncertainty increased over President Trump’s tariff policies. But then it seemed to lose its way as profit taking deflated the generally […]
Commentary for Friday, Feb 28, 2025 – Today gold closed down $46.40 at $2836.80, and silver closed down $0.58 at $31.22. Gold closed down two days this week, and both dips were relatively large. This weakness is not surprising considering the trade has been testing $3000.00 overhead resistance and the process has proved to be lacking. […]
Commentary for Friday, Feb 21, 2025 – Today gold closed down $2.40 at $2937.60, and silver closed down $0.46 at $32.98. I’m surprised that gold did not break higher turning overhead resistance at $3000.00 into short term support. Traders had all the raw meat they needed including secret deals and Trump reorganization. But it was not in […]
Commentary for Friday, Feb 14, 2025 – Today gold closed down $42.30 at $2883.60, and silver closed up $0.15 at $32.80. Considering the whirlwind of contradicting price data which has bombarded the public since last Friday, it is not hard to imagine that the bears knocked on the trading door today. The combination of overhead resistance, lower […]