Commentary for Friday, March 14, 2025 – Today gold closed down $8.45 at $2986.05, and silver closed down $0.40 at $33.79. Even though gold has been in a generally bullish trend for months it is hard to believe that from last Friday through this Friday it gained more than $100.00 and set a new all-time record high. […]

Commentary for Friday, March 7, 2025 – Today gold closed down $11.90 at $2904.70, and silver closed down $0.51 at $32.55. The price of gold got off to a great start early this week, as uncertainty increased over President Trump’s tariff policies. But then it seemed to lose its way as profit taking deflated the generally […]

Commentary for Friday, Feb 28, 2025 – Today gold closed down $46.40 at $2836.80, and silver closed down $0.58 at $31.22. Gold closed down two days this week, and both dips were relatively large. This weakness is not surprising considering the trade has been testing $3000.00 overhead resistance and the process has proved to be lacking. […]

Commentary for Friday, Feb 21, 2025 – Today gold closed down $2.40 at $2937.60, and silver closed down $0.46 at $32.98. I’m surprised that gold did not break higher turning overhead resistance at $3000.00 into short term support. Traders had all the raw meat they needed including secret deals and Trump reorganization. But it was not in […]

Commentary for Friday, Feb 14, 2025 – Today gold closed down $42.30 at $2883.60, and silver closed up $0.15 at $32.80. Considering the whirlwind of contradicting price data which has bombarded the public since last Friday, it is not hard to imagine that the bears knocked on the trading door today. The combination of overhead resistance, lower […]

Commentary for Friday, Feb 7, 2025  – Today gold closed up $11.30 at $2867.30, and silver closed down $0.018 at $32.34. The price of gold had another good but volatile week as prices rose initially to session highs of $2885.00 then reversed direction and finally closed only mildly in the green. This back and forth movement […]

Commentary for Friday, Jan 31, 2025 – Today gold closed down $10.50 at $2812.50, and silver closed down $0.23 at $32.13. Gold pushed as high as $2820.00 today as inflation remains stubborn and unpredictable. Gold prices in the longer term are also helped by the announcement that President Trump will impose a 25% tariff on Canada and […]

Commentary for Friday, Jan 24, 2025 – Today gold closed up $14.20 at $2777.30, and silver closed up $0.35 at $31.02. As a fresh load of bullish news came crashing through the front door this week the big question on everyone’s mind should be easy. Is it time to once again seriously consider $3000.00 gold? Consider yes […]

Commentary for Friday, Jan 17, 2025 (www.golddealer.com) – Today gold closed down $2.10 at $2744.30, and silver closed down $0.57 at $30.95. The good news this week was that traders pushed gold to 4 month highs on Thursday, ($2746.40) which is only 2.6% below all-time highs. The bad news is that paper traders sold this rally in the aftermarket […]

Commentary for Friday, Jan 10, 2025 – Today gold closed up $24.70 at $2708.50, and silver closed up $0.30 at $31.09. The bulls may be winning this tug of war going into next week as gold topped $2700.00 in the early trade then dipped, challenging session lows of $2665.00 before surging higher and closing the day strongly […]

Commentary for Friday, Jan 3, 2025 – Today gold closed down $13.90 at $2645.00, and silver closed up $0.19 at $29.81. What do insiders think will happen to the price of gold in 2025? In the short term the public is waiting for President Trump’s next move and how it may influence interest rates. This in turn […]

Commentary for Friday, Dec 27, 2024 (www.golddealer.com) – Today gold closed down $21.60 at $2617.20, and silver closed down $0.39 at $29.66. The price of gold drifted lower this week in lackluster holiday trading. And while the Dollar Index dipped somewhat it is still holding up at the higher end of its current range (108.00). The drop in gold […]

Commentary for Friday, Dec 20, 2024 (www.golddealer.com) – Today gold closed up $36.50 at $2628.70, and silver closed up $0.57 at $29.66. This week the price of gold drifted lower, but it was Friday’s $36.50 bounce to higher ground which got the attention. The bounce was an obvious plus for flagging bullish sentiment and was supported by a Dollar […]

Commentary for Friday, Dec 13, 2024 – Today gold closed down $31.50 at $2656.00, and silver closed down $0.57 at $30.66. This week the gold bulls were expecting a solid, no problems week because Monday, Tuesday, and Wednesday the price of gold was higher by $100.00. Thursday fate intervened, throwing a monkey wrench into the works as this […]

Commentary for Friday, Dec 6, 2024 (www.golddealer.com) – Today gold closed up $12.00 at $2638.60, and silver closed up $0.06 at $31.19. Gold opened with a mild upward bias today trading between $2628.00 and $2644.00. Not too hot and not too cold as they say and holding above $2600.00. Still, recent volatility should at least concern investors trying to […]

Commentary for Wednesday, Nov 27, 2024 (www.golddealer.com) – Today gold closed up $19.60 at $2639.90, and silver closed down $0.28 at $30.11.  Gold opened strong today reaching $2656.00 as the dollar weakened but traders sold this rally, and while it finished the day mildly in the green it closed at daily lows of $2638.00. This defensive and volatile trading […]

Commentary for Friday, Nov 22, 2024 (www.golddealer.com) – Today gold closed up $37.80 at $2709.90, and silver closed up $0.40 at $31.31. Today’s finish for gold and silver will help further excite its trading base as insiders expect even higher prices as the historic year of 2024 comes to an end. Safe haven demand created this latest reversal, make […]

Commentary for Friday, Nov 15, 2024 (www.golddealer.com) – Today gold closed down $2.50 at $2565.70, and silver closed down $0.14 at $30.37. There are still plenty of reasons which support both higher and lower gold. The list begins with the new president, moves to an uncertain interest rate future, and should gather further safe haven support over […]

Commentary for Friday, Nov 8, 2024 (www.golddealer.com) – Today gold closed down $10.90 at $2687.50, and silver closed down $0.41 at $31.36. Today gold traded between $2680.00 and $2700.00 as investors continue to worry about Wednesday’s significant drop in prices. In my opinion that drop looks more like profit taking than uncertainty over the Trump presidency. But […]

Commentary for Friday, Nov 1, 2024 (www.golddealer.com) – Today gold closed up $0.30 at $2738.60, and silver closed down $0.11 at $32.54. An interesting week in the metals as price volatility was featured and people wonder if today’s almost unchanged close suggests that investors did buy Thursday’s weakness. The weak close is confusing but investors did “buy […]

Commentary for Friday, Oct 25, 2024 – Today gold closed up $6.00 at $2740.90, and silver closed down $0.01 at $33.60. This week’s somewhat erratic pricing in both gold and silver poses an interesting question to investors. Does this pattern suggest a tired bull? Or are you looking at a typical profit taking round which represents […]

Commentary for Friday, Oct 18, 2024 (www.golddealer.com) – Today gold closed up $22.70 at $2713.70, and silver closed up $1.46 at $33.03. Safe haven demand has pushed gold to record highs, which will increase bullish sentiment and ramp up buzz. But what I find fascinating about this latest move to the high ground is the increasing number […]

Commentary for Friday, Oct 11, 2024 – Today gold closed up $37.00 at $2657.60, and silver closed up $0.51 at $31.52. This was a relatively important week for the metals because traders tested support, recovered, and again moved higher, even as dollar strength remained steady. So, there is buzz out there to excite the bullish base […]

Commentary for Friday, Oct 4, 2024 (www.golddealer.com) – Today gold closed down $11.30 at $2645.80, and silver closed down $0.06 at $32.13. The price of gold this week traded between $2668.00 and $2631.00 suggesting that traders are getting used to these higher prices. The same thing is true for silver which traded between $31.08 and $32.34. While […]

Commentary for Friday, Sept 27, 2024 (www.golddealer.com) – Today gold closed up $2.45 at $2646.75, and silver closed up $0.02 at $31.54. Gold closed the week on a quiet note, which presents a small red flag because traders pushed prices higher 4 out of 5 days this week. Today’s defensive pricing is likely the result of lower […]

Commentary for Friday, Sept 20, 2024 (www.golddealer.com) – Today gold closed up $31.90 at $2619.90, and silver closed up $0.09 at $31.18. Both gold and silver surged Thursday and Friday as traders and momentum players jumped on the higher prices created by lower interest rates and a solid technical outlook. So, the theme this week might pose […]

Commentary for Friday, Sept 13, 2024  – Today gold closed up $30.10 at $2581.30, and silver closed up $0.96 at $30.70. Both gold and silver made new recent highs today as traders anticipate an aggressive interest rate cut at the upcoming FOMC meeting (September 17th and 18th). The notion of lower interest rates has been part […]

Commentary for Friday, Sept 6, 2024 (www.golddealer.com) – Today gold closed down $17.90 at $2493.50, and silver closed down $0.91 at $27.81. The bullish gold trade got a piece of good news from New York Fed President Williams this week: ‘It is now appropriate to dial down the degree of restrictiveness in the stance of policy’. And […]

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 […]

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 […]

Gold – Another Surprise!  Commentary for Friday, June 21, 2024 (www.golddealer.com) – Today gold closed down $37.40 at $2316.40, and silver closed down $1.21 at $29.57. While the early market trade was flat, traders in a rather surprising turn sold this market and gold plummeted towards $2310.00. The reason behind this surprise is the latest PMI numbers. […]

Gold – Short Term Uncertainty  Commentary for Friday, June 14, 2024 (www.golddealer.com) – Today gold closed up $31.20 at $2331.40, and silver closed up $0.41 at $29.40. Gold and silver prices are still trying to get on their feet after the rather dramatic reaction to last week’s economic and inflation rhetoric. But gold and silver traders seemed […]

Gold – What a Ride! Commentary for Friday, June 7, 2024 (www.golddealer.com) – Today gold closed down $65.10 today at $2305.20, and silver closed down $1.91 at $29.34. Another surprise finish to a week of very volatile pricing as traders move between bullish and bearish scenarios for both gold and silver. The trading quandary was in place, […]

Gold – Continues to Find Support Commentary for Friday, May 31, 2024 (www.golddealer.com) – Today gold closed down $20.00 at $2322.90, and silver closed down $1.09 at $30.30. This was a short week considering the domestic markets were closed for Memorial Day. Gold prices did spike higher on the open but reversed direction and finished the day […]

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 […]

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 […]