Gold – Hopeful – Less Cautious Commentary for Thursday, November 10, 2022 (www.golddealer.com) – Today gold closed up $40.20 at $1750.30 and silver closed up $0.38 at $21.68. I am traveling this week so a short newsletter. We are closed this Friday for Veteran’s Day. Keep in mind however that the commodity markets are open, […]
Author Archives: Richard
Gold – Friday’s Surprise! Commentary for Friday, November 4th, 2022 (www.golddealer.com) – Today gold closed up $45.20 at $1672.50 and silver closed up $1.35 at $20.79. This was another week of dramatic price swings in both silver and gold as the paper traders “ponder the reality” of the Fed’s next interest rate move. Early in […]
Gold – Fed Equivocation Commentary for Friday, Oct 28, 2022 (www.golddealer.com) – Today gold closed down $21.10 at $1639.50 and silver closed down $0.33 at $19.15. Gold finished the week trending lower as the dollar gained strength and traders once again focus on near term, likely hawkish Fed policy. The early in the week speculation […]
Gold – An Upbeat Weekly Close Commentary for Friday, Oct 21, 2022 (www.golddealer.com) – Today gold closed up $20.20 at $1651.00 and silver closed up $0.37 at $19.04. The paper trade created a bit of buzz this morning as both gold and silver jumped higher and the Dollar Index lost 2 full points! This surprising […]
Gold – Working Interest Rate Numbers Commentary for Friday, Oct 14, 2022 (www.golddealer.com) – Today gold closed down $28.30 at $1641.70 and silver closed down $0.84 at $18.02. Gold is looking at its worst week since Mid-August as the dollar firms and traders worry over rate hikes. Today’s losses were not unexpected as aggressive inflation […]
Gold – Remains Defensive Commentary for Friday, Oct 7, 2022 (www.golddealer.com) – Today gold closed down $11.20 at $1700.50 and silver closed down $0.41 at $20.19. Gold dipped in price Friday on a solid jobs report which suggests the Fed will implement a 0.75% interest rate hike at the early November meeting. The market will […]
Gold – To Raise or Not to Raise? Commentary for Friday, Sept 30, 2022 (www.golddealer.com) – Today gold closed up $3.90 at $1662.40 and silver closed up $0.35 at $18.96. Gold finished the week on an up note and fresh safe haven demand as Euro zone inflation moved to a record 10%. Considering the talk […]
Gold – Struggling Against Rising Rates Commentary for Friday, Sept 23, 2022 (www.golddealer.com) – Today gold closed down $25.50 at $1645.30 and silver closed down $0.71 at $18.84. Gold dipped again this morning as the dollar continued to gain strength and safe haven demand may be hiding under the bed. The two-year Treasury yield tops […]
Gold – No Third-Party Obligation Works Commentary for Friday, Sept 16, 2022 (www.golddealer.com) – Today gold closed up $6.30 at $1671.70 and silver closed up $0.12 at $19.30. Gold and silver prices were ambushed this week, so few are happy. But honestly the fuss being made by the bulls may be a bit of exaggeration. […]