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 […]
Author Archives: Richard
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 […]
Commentary for Friday, Feb 7, 2025 – Today gold closed up $11.30 at $2867.30, and silver closed down $0.018 at $32.34. The price of gold had another good but volatile week as prices rose initially to session highs of $2885.00 then reversed direction and finally closed only mildly in the green. This back and forth movement […]
Commentary for Friday, Jan 31, 2025 – Today gold closed down $10.50 at $2812.50, and silver closed down $0.23 at $32.13. Gold pushed as high as $2820.00 today as inflation remains stubborn and unpredictable. Gold prices in the longer term are also helped by the announcement that President Trump will impose a 25% tariff on Canada and […]
Commentary for Friday, Jan 24, 2025 – Today gold closed up $14.20 at $2777.30, and silver closed up $0.35 at $31.02. As a fresh load of bullish news came crashing through the front door this week the big question on everyone’s mind should be easy. Is it time to once again seriously consider $3000.00 gold? Consider yes […]