Gold – The Big Pushback Commentary for Thursday, May 23, 2024 (www.golddealer.com) – Today gold closed down $54.20 at $2335.00, and silver closed down $1.02 at $30.28. This was not an optimistic week for the bulls, as overhead resistance proved stronger than most believed, and the technical outlook moved from promising to ominously bearish. This quick turn […]
Author Archives: Richard
Gold – Above $2400.00! Commentary for Friday, May 17, 2024 (www.golddealer.com) – Today gold closed up $32.20 at $2412.20, and silver closed up $1.38 at $31.05. Another solid week for gold and silver as each metal moved to recent highs with conviction this morning. Gold challenged $2415.00 and silver broke through $30.00 overhead resistance with a few […]
Gold – Gaining Momentum Commentary for Friday, May 10, 2024 (www.golddealer.com) – Today gold closed up $35.20 at $2367.39, and silver closed up $0.15 at $28.28. As they say, you can’t argue with success, and today’s “break” to the upside in gold reinforces its technical picture and the notion that the Fed is moving away from its […]
Gold – Volatility Increases Commentary for Friday, May 3, 2024 (www.golddealer.com) – Today gold closed down $0.20 at $2299.00, and silver closed down $0.13 at $26.45. Price volatility this week certainly took the buzz out of bullish sentiment in the short term, but let’s not prematurely frown. This volatility may be the harbinger of good news for […]
Gold – Opportunity or Trouble? Commentary for Friday, April 26, 2024 (www.golddealer.com) – Today gold closed up $5.00 at $2334.80, and silver closed down $0.10 at $27.24. The bulls are definitely not happy this week considering Monday’s large drop of $66.20 but the interesting part of this story is that while gold did drift a bit lower […]
Gold – The Middle East & The Fed? Commentary for Friday, April 19, 2024 (www.golddealer.com) – Today gold closed up $16.10 at $2398.40, and silver closed up $0.48 at $28.81. Gold, while still firmly priced within the range, saw a back and forth seesaw in pricing this week as the Middle East danger rose dramatically and then […]
Gold – All Time Highs! Commentary for Friday, April 12, 2024 (www.golddealer.com) – Today gold closed up $1.40 at $2356.20, and silver closed up $0.08 at $28.26. You would not think now is the time for the price of gold to become unstable, but reading the tea leaves correctly always requires a bit of wisdom and good […]
Gold – Another Amazing Week Commentary for Friday, April 5, 2024 – Today gold closed up $36.90 at $2325.70, and silver closed up $0.26 at $27.40. The price of gold soared four of the five days this week making new highs on Friday. This jump has caught everyone by surprise because the price of gold faded […]
Gold – Optimistic! Commentary for Thursday, March 28, 2024 (www.golddealer.com) – Today gold closed up $26.80 at $2217.40, and silver closed up $0.17 at $24.80. This has been another great week for metals. Higher prices, more positive buzz and larger physical buy orders suggest an optimistic outlook. And perhaps even higher prices over the longer term. Of […]
Gold – The Fed Turns Dovish Commentary for Friday, March 22, 2024 (www.golddealer.com) – Today gold closed down $24.30 at $2158.10, and silver closed down $0.16 at $24.69. This is a great week to realize that the Fed’s monetary policy remains complex and full of contradictions. Early weekly gains in gold have turned into a profit taking […]