Gold – A Christmas Surprise? Commentary for Wednesday, Nov 22, 2023 (www.golddealer.com) – Today gold closed down $7.90 at $1991.40, and silver closed down $0.17 at $23.67. The big story this Thanksgiving week must be the price of gold moving above $2000.00 on Tuesday. This was not a seminal moment; It was expected but the fact that […]
Author Archives: Richard
Gold – The Inflation Question Commentary for Friday, Nov 17, 2023 (www.golddealer.com) – Today gold closed down $2.30 at $1981.60, and silver closed down $0.08 at $23.81. Even in the midst of confusion this has been interesting and perhaps a pivotal week for gold. Consider the pricing action on Tuesday of this week as inflation numbers softened. […]
Gold – Rising Bearish Sentiment Commentary for Thursday, Nov 9, 2023 (www.golddealer.com) – Today gold closed up $12.70 at $1964.20, and silver closed up $0.18 at $22.83. Another week of trouble for the bulls as gold’s technical picture falters, crude oil weakens, and Fed hawkishness seems resolute. (Reuters) – “Oil prices slid over 2% on Wednesday to […]
Gold – The Fed Pause? Commentary for Friday, Nov 3, 2023 (www.golddealer.com) – Today gold closed up $5.90 at $1991.50, and silver closed up $0.45 at $23.20. Now that the Fed has “paused” its interest rate program, the question becomes what has the investor learned from this latest insight? Is this good or bad for […]
Gold – Possible Outcomes? Commentary for Friday, October 27, 2023 (www.golddealer.com) – Today gold closed up $1.40 at $1988.60, and silver closed down $0.02 at $22.77. Gold closed quietly at the end of this trading week. With escalating troubles in the Middle East and a positive technical picture I’m surprised that both gold and silver […]
Gold – 3 Month Peak – Safe Haven Demand Commentary for Friday, October 20, 2023 (www.golddealer.com) – Today gold closed up $14.10 at $1982.50, and silver closed up $0.46 at $23.35. Both gold and silver finished the week trending higher, helped by safe haven demand, an improved technical picture, and Chief Powell’s dovish hints. This […]
Gold – Safe Haven Demand Soars Commentary for Friday, October 13, 2023 (www.golddealer.com) – Today gold closed up $58.10 at $1927.40, and silver closed up $0.94 at $22.73. Today is typical of the gold trade lately, in that just when you think you have all the pieces of the puzzle lined up correctly an unexpected […]
Gold – An Interest Rate Dilemma Commentary for Friday, October 6, 2023 (www.golddealer.com) – Today gold closed up $13.60 at $1830.20, and silver closed up $0.69 at $21.54. Will the Fed raise interest rates again in November and keep them elevated for a longer period? The Wall Street Journal offers a contrary opinion – the […]
Gold – More Rate Hikes? Commentary for Friday, September 29, 2023 (www.golddealer.com) – Today gold closed down $12.30 at $1848.10, and silver closed down $0.28 at $22.24. Another one of those weeks the bulls would like to forget. A tepid short covering rally reversed direction in early trading and gold again moved to daily lows […]
Gold – Interest Rates and Metals Commentary for Friday, September 22, 2023 (www.golddealer.com) – Today gold closed up $6.20 at $1925.40, and silver closed up $0.16 at $23.60. Week over week the price of gold and silver has yawned over the most reliable data points. But there is an overall theme that has developed, which […]