Gold Loses Momentum      

Gold Loses Momentum         Commentary for Monday, April 23, 2018 (www.golddealer.com) – Gold closed down $14.20 today at $1322.50 reacting to a stronger dollar. Since last Tuesday the Dollar Index has moved from 89.25 through 90.86 the great majority of that move seen today. And as the next FOMC meeting draws nearer traders anticipate that next […]

Gold Settles in Need of Fresh News

Gold Settles in Need of Fresh News          Commentary for Thursday, April 19, 2018 – Gold closed down $4.40 at $1346.80 trading somewhat weaker today as the dollar pushed higher. I guess you could make the case that the Dollar Index has had a small but positive bias since Tuesday pushing the index from 89.25 through […]

Gold Surprisingly Stable

Gold Surprisingly Stable        Commentary for Wednesday, April 18, 2018 – Gold closed up $4.00 today at $1251.20 so we are close to revisiting the 2018 high of $1362.00. It was firm overnight in Hong Kong and London with the tight ranges. There has also been a small upward bias in the domestic market since Monday. […]

Gold – Treading Water 

Gold – Treading Water       Commentary for Monday, April 16, 2018 – Gold closed up $2.70 at $1347.50. There is plenty going on around the world but the price of gold seems uninterested. A somewhat weaker Dollar Index helped support gold prices today – the index moving from 89.80 through 89.4 but the longer term 5 day […]

Gold – Range Bound and Interesting

Gold – Range Bound and Interesting        Commentary for Friday, April 13, 2018 – Gold closed up $6.40 at $1344.80 so we reclaimed some of Thursday’s big loss as this market continues to oscillate at the higher end of its current range. What a week and what will it take for gold to break either higher […]

Gold Jumps over Trump’s Tweet. Holding or Not?   

Gold Jumps over Trump’s Tweet. Holding or Not?       Commentary for Wednesday, April 11, 2018 – Gold closed up $14.50 at $1356.50. It jumped higher today on safe haven buying as President Trump claimed that the US is planning missile strikes against Syria and the Assad regime over chemical attacks they initiated against their own people […]

Gold Surprisingly Quiet Considering the Angst

Gold Surprisingly Quiet Considering the Angst        Commentary for Monday, April 9, 2018 – Gold closed up $4.40 at $1336.30 – that makes for a gain of $13.50 based on the closes over the past 6 trading days -so not much going on considering all the hoopla. But this market is still sitting in the […]

Gold Cools Down

Gold Cools Down      Commentary for Thursday, April 5, 2018 – Gold closed down $11.50 today at $1324.30. So we have now given up $17.80 of the plus $19.30 we saw this past Monday as traders initially reacted to China/US tariff troubles. This should tell you something about placing too much emphasis on breaking news coming out […]

Gold Edgy over Sanctions

Gold Edgy over Sanctions      Commentary for Wednesday, April 4, 2018 – Gold closed up $3.00 at $1332.85. It traded $15.00 higher overnight in Hong Kong and London, reacting to international tension over trade sanctions between the US and China. But our domestic market sold off from these highs as both parties seem willing to talk themselves […]