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 […]
Category Archives: Daily Gold Newsletter
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 […]
Gold – Raising or Lowering? Commentary for Friday, March 15, 2024 (www.golddealer.com) – Today gold closed down $5.70 at $2157.30, and silver closed up $0.33 at $25.20. As is typical these days, the gold bulls and gold bears have delt with cross winds all week. The bulls will have to turn logic on its head, believing this […]
Gold – A Remarkable Week Commentary for Friday, March 8, 2024 (www.golddealer.com) – Today gold closed up $20.60 at $2178.60, and silver closed down $0.03 at $24.34. The gold bulls have reasons to smile this week, beginning with a solid technical picture being that prices have risen 5 trading days in a row! And while I’m usually […]
Gold – A Bullish Friday Commentary for Friday, March 1, 2024 (www.golddealer.com) – Today gold closed up $41.20 at $2086.90, and silver closed up $0.48 at $23.15 . While gold opened choppy today it quickly moved past 4 week highs, surprising even insiders with higher prices and increased enthusiasm. This latest move is a big deal in […]
Gold – The “No Hurry” Fed Commentary for Friday, Feb 23, 2024 (www.golddealer.com) – Today gold closed up $18.90 at $2038.60, and silver closed up $0.20 at $22.97. Gold surprised even insiders today as it threatened $2040.00 out of the clear blue sky. Perhaps this strong finish will remind us of the popular 1930 story by Watty […]
Gold – Rate Expectations Hold Sway Commentary for Friday, Feb 16, 2024 (www.golddealer.com) – Today gold closed up $9.40 at $2011.50, and silver closed up $0.53 at $23.46. The story of interest rates driving gold prices, either up or down, is an old story, but traders should be used to this dynamic considering the length of this […]
Gold – Above $2000.00 – For Now Commentary for Friday, Feb 9, 2024 (www.golddealer.com) – Today gold closed down $8.90 at $2023.30, and silver closed down $0.04 at $22.53. On the open its price was steady at $2032.00 before moving to lows of $2020.00 and finishing the day modestly off lows. Not a big deal, this pattern […]