Commentary for Friday, Dec 20, 2024 (www.golddealer.com) – Today gold closed up $36.50 at $2628.70, and silver closed up $0.57 at $29.66. This week the price of gold drifted lower, but it was Friday’s $36.50 bounce to higher ground which got the attention. The bounce was an obvious plus for flagging bullish sentiment and was supported by a Dollar […]
Author Archives: Richard
Commentary for Friday, Dec 13, 2024 – Today gold closed down $31.50 at $2656.00, and silver closed down $0.57 at $30.66. This week the gold bulls were expecting a solid, no problems week because Monday, Tuesday, and Wednesday the price of gold was higher by $100.00. Thursday fate intervened, throwing a monkey wrench into the works as this […]
Commentary for Friday, Dec 6, 2024 (www.golddealer.com) – Today gold closed up $12.00 at $2638.60, and silver closed up $0.06 at $31.19. Gold opened with a mild upward bias today trading between $2628.00 and $2644.00. Not too hot and not too cold as they say and holding above $2600.00. Still, recent volatility should at least concern investors trying to […]
Commentary for Wednesday, Nov 27, 2024 (www.golddealer.com) – Today gold closed up $19.60 at $2639.90, and silver closed down $0.28 at $30.11. Gold opened strong today reaching $2656.00 as the dollar weakened but traders sold this rally, and while it finished the day mildly in the green it closed at daily lows of $2638.00. This defensive and volatile trading […]
Commentary for Friday, Nov 22, 2024 (www.golddealer.com) – Today gold closed up $37.80 at $2709.90, and silver closed up $0.40 at $31.31. Today’s finish for gold and silver will help further excite its trading base as insiders expect even higher prices as the historic year of 2024 comes to an end. Safe haven demand created this latest reversal, make […]
Commentary for Friday, Nov 15, 2024 (www.golddealer.com) – Today gold closed down $2.50 at $2565.70, and silver closed down $0.14 at $30.37. There are still plenty of reasons which support both higher and lower gold. The list begins with the new president, moves to an uncertain interest rate future, and should gather further safe haven support over […]
Commentary for Friday, Nov 8, 2024 (www.golddealer.com) – Today gold closed down $10.90 at $2687.50, and silver closed down $0.41 at $31.36. Today gold traded between $2680.00 and $2700.00 as investors continue to worry about Wednesday’s significant drop in prices. In my opinion that drop looks more like profit taking than uncertainty over the Trump presidency. But […]
Commentary for Friday, Nov 1, 2024 (www.golddealer.com) – Today gold closed up $0.30 at $2738.60, and silver closed down $0.11 at $32.54. An interesting week in the metals as price volatility was featured and people wonder if today’s almost unchanged close suggests that investors did buy Thursday’s weakness. The weak close is confusing but investors did “buy […]
Commentary for Friday, Oct 25, 2024 – Today gold closed up $6.00 at $2740.90, and silver closed down $0.01 at $33.60. This week’s somewhat erratic pricing in both gold and silver poses an interesting question to investors. Does this pattern suggest a tired bull? Or are you looking at a typical profit taking round which represents […]
Commentary for Friday, Oct 18, 2024 (www.golddealer.com) – Today gold closed up $22.70 at $2713.70, and silver closed up $1.46 at $33.03. Safe haven demand has pushed gold to record highs, which will increase bullish sentiment and ramp up buzz. But what I find fascinating about this latest move to the high ground is the increasing number […]