Commentary for Friday, August 30, 2024 (www.golddealer.com) – Today gold closed down $31.90 at $2493.80, and silver closed down $0.83 at $28.73. Traders took profits today, pushing the price of gold lower as the PCE (Personal Consumption Expenditures) continued to suggest that inflation is moving lower. And yet, during the same week there were experts who believed […]
Author Archives: Richard
Gold – Still Working On It Commentary for Friday, August 23, 2024 (www.golddealer.com) – Today gold closed up $29.50 at $2508.40, and silver closed up $0.78 at $29.79. The title page today should reflect Thursday’s profit taking drop even as the Dollar Index moved lower two points this week. But today’s jump to higher ground sets the […]
Gold – Bullish Excitement Builds Commentary for Friday, August 16, 2024 (www.golddealer.com) – Today gold closed up $45.50 at $2498.60, and silver closed up $0.44 at $28.78. While the price of gold this week was typically choppy, this “up and down” trade finished on a bright bullish note as gold promised a close about the vaulted $2500.00 […]
Gold – Higher Highs or Lower Lows? Commentary for Friday, August 9, 2024 (www.golddealer.com) – Today gold closed up $9.90 at $2432.10, and silver closed down $0.01 at $27.49. The trading theme at the end of this week is simply that gold needs fresh news or may be stuck in a trading range which favors the bulls […]
Gold – Cross Currents Commentary for Friday, August 2, 2024 (www.golddealer.com) – Today gold closed down $9.30 at $2425.70, and silver closed down $0.08 at $28.25. The trading theme this week for gold is familiar as we have been down this path more than once these past few months. While both gold and silver bullion are a […]
Gold – A Fundamental Plus Commentary for Friday, July 26, 2024 (www.golddealer.com) – Today gold closed up $28.10 at $2380.00, and silver closed up $0.05 at $27.86. For the first three days of this week the metals looked tired, but it would be an overstatement to claim that gold and silver were losing base support as Biden […]
Gold – Rhetoric Verses Reality Commentary for Friday, July 19, 2024 (www.golddealer.com) – Today gold closed down $56.30 at $2395.50, and silver closed down $0.91 at $29.09. On Tuesday gold finished up a whopping $39.50 as the bulls roared looking forward to even higher prices as the expectation of lower interest rates gained traction. On Friday the […]
Gold – Volatility Returns Commentary for Friday, July 12, 2024 (www.golddealer.com) – Today gold closed down $1.00 at $2414.00, and silver closed down $0.50 at $30.89. After Thursday’s round of fireworks to the upside it must be a disappointment to bullish sentiment to see gold momentum fizzle into the weekend. Still the optimism cup is more than […]
Gold – It’s Still About Interest Rates Commentary for Friday, July 5, 2024 (www.golddealer.com) – Today gold closed up $28.70 at $2388.50, and silver closed up $0.84 at $31.39. While this week began rather quietly it woke up nicely on Wednesday and Friday, even though our domestic trade was closed Thursday for Independence Day. The prime mover […]
Gold – A Choppy Week Commentary for Friday, June 28, 2024 (www.golddealer.com) – Today gold closed up $3.20 at $2327.70, and silver closed up $0.32 at $29.24. It has been another one of those choppy weeks, with plenty of noise from both sides of the aisle. But all in all, gold is still holding ground above the […]