Our Almost Famous Gold Newsletter
Welcome to Our Almost Famous Gold Newsletter with Richard Schwary, written regularly after the CME close. This commentary will look at the gold, silver, platinum and palladium markets and consider what happened to create these changes on the trading floor. It will also offer world class commentary from other sources in a balanced and straightforward manner.
This Almost Famous Gold Newsletter is not designed to sell products or hype markets. It will offer an opinion about market direction from an old time bullion dealer with 50 years of physical trading experience.
Our Almost Famous Gold Newsletter may include talk about premiums, why they change and how this drives public choice. On occasion we remind readers to be careful about “so-called” bullion products offered by telemarketers who should be ashamed of themselves.
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The Gold Newsletter Week in Review
Gold – Higher Prices & Profit Taking
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 […]
Gold – Rocking Horse Market
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 […]
Gold – In the New Year
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 […]
Gold – Short Trading Week
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 […]
Gold – Continued Downtrend?
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 […]
Gold – Another Volatile Week
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 […]
Gold – Longer Term Promise
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 […]
Gold – Volatility Continues
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 […]