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 […]
Author Archives: Richard
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 […]
Commentary for Friday, Jan 17, 2025 (www.golddealer.com) – Today gold closed down $2.10 at $2744.30, and silver closed down $0.57 at $30.95. The good news this week was that traders pushed gold to 4 month highs on Thursday, ($2746.40) which is only 2.6% below all-time highs. The bad news is that paper traders sold this rally in the aftermarket […]
Commentary for Friday, Jan 10, 2025 – Today gold closed up $24.70 at $2708.50, and silver closed up $0.30 at $31.09. The bulls may be winning this tug of war going into next week as gold topped $2700.00 in the early trade then dipped, challenging session lows of $2665.00 before surging higher and closing the day strongly […]
Commentary for Friday, Jan 3, 2025 – Today gold closed down $13.90 at $2645.00, and silver closed up $0.19 at $29.81. What do insiders think will happen to the price of gold in 2025? In the short term the public is waiting for President Trump’s next move and how it may influence interest rates. This in turn […]
Commentary for Friday, Dec 27, 2024 (www.golddealer.com) – Today gold closed down $21.60 at $2617.20, and silver closed down $0.39 at $29.66. The price of gold drifted lower this week in lackluster holiday trading. And while the Dollar Index dipped somewhat it is still holding up at the higher end of its current range (108.00). The drop in gold […]
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 […]