Commentary for Friday, Aug 21, 2026 – Today gold closed up $107.80 at $4624.10, and silver closed up $1.44 at $69.47. The price of gold technically broke to the upside today, reacting to several factors which include a dollar which began to move lower this past Tuesday. And more importantly the still developing Middle East situation which […]
Author Archives: Richard
Commentary for Friday, Aug 14, 2026 (www.golddealer.com) – Today gold closed up $16.80 at $4380.40, and silver closed up $0.12 at $64.99. The price of gold only moved modestly into the green going into the weekend. Which may be a disappointment to bullish sentiment given rising tensions in the Middle East, a weakening dollar, and the United States claiming […]
Commentary for Friday, Aug 7, 2026 – Today gold closed up $98.70 at $4340.70, and silver closed up $1.89 at $63.33. The price of gold rallied this morning, ($4368.00), the best week since Jan as the expectation of higher interest rates faded. The reason being that experts looked for a gain of 85000 jobs in US […]
Commentary for Friday, July 31, 2026 – Today gold closed down $51.00 at $4049.10, and silver closed down $1.23 at $57.59. The price of gold moved lower going into the weekend as traders believe a change in the Middle East war might be in the making. I don’t see this as some sort of regime change which […]
Commentary for Friday, July 24, 2026 – Today gold closed up $21.00 at $4067.60, and silver closed up $0.86 at $58.66. While some insiders believe the price of gold is stuck in neutral, I am more optimistic that what traders are now considering is a basing price model for gold which is hindered by a hawkish FOMC. […]
Commentary for Friday, July 17, 2026 – Today gold closed up $27.10 at $4012.70, and silver closed up $0.14 at $56.04. I think bullish sentiment is not ready to celebrate this week, but this picture is not all that bad as gold closed north of $4000.00. Now you might think this finish is no big deal considering […]
Commentary for Friday, July 10, 2026 – Today gold closed down $26.50 at $4104.10, and silver closed down $0.57 at $59.81. As we approach the weekend it appears gold has developed several crosswinds which may suppress prices the rest of this year. Depending on whether you are pitching or batting as our English friends are fond […]
Commentary for Thursday, July 2, 2026 – Today gold closed up $44.40 at $4112.70, and silver closed up $0.55 at $60.64. While this week has been rather frightful and volatile, today’s close to the upside suggests that Independence Day may welcome increasing bullish sentiment. Now of course this is no guarantee going into a long holiday […]
Commentary for Friday, June 26, 2026 – Today gold closed up $48.20 at $4078.70, and silver closed up $0.87 at $59.22. It has been a tough week for the bulls but today’s bounce to the upside may be just what the doctor ordered considering $4000.00 gold is an important psychological figure, as is now in play. […]
Commentary for Thursday, June 18, 2026 – Today gold closed down $134.80 at $4224.10, and silver closed down $4.44 at $66.26. It has been a tough road for the gold bulls these past 3 months as it has struggled against a background of generally rising interest rates. So, for now the price of gold will have to take […]