Commentary for April 10, 2026 – Today gold closed down $30.30 at $4761.90, and silver closed up $0.04 at $76.32. Let’s consider another confusing week as traders sort out confusing crosscurrents which could send the price of gold and silver higher or lower without warning. Of course, this initial direction is almost wholly dependent on an extended […]
Author Archives: Richard
Commentary for April 2, 2026 – Today gold closed down $131.70 at $4651.60, and silver closed down $3.13 at $72.74. The bullish hope of all-time highs in gold moved to the back burner this morning as our shiny friend dipped seriously into the red as the dollar and oil prices rose. And Trump said the US […]
Commentary for March, 27, 2026 – Today gold closed up $116.50 at $4492.00, and silver closed up $1.88 at $69.55. The near term future of gold and silver prices is still a bit fuzzy as traders buy time to see what the Fed does with short term interest rates. Most believe they will stand pat at present […]
Commentary for March, 20, 2026 – Today gold closed down $30.30 at $4570.40, and silver closed down $1.54 at $69.36. In a blink of the eye this market goes from a bullish “how high can we go” to a bearish “how low can we go” over what amounts to political comments by the outgoing FOMC Chief relative […]
Commentary for March, 13, 2026 – Today gold closed down $63.30 at $5052.50, and silver closed down $3.76 at $80.91. The price of gold seems to be trending lower this week, which is not hard to believe as interest rates remain steady. And even though gold may test the psychologically important $5000.00 level, I believe investors […]
Commentary for March, 6, 2026 – Today gold closed up $80.80 at $5146.10, and silver closed up $2.13 at $83.82. Gold finished the week off a few hundred dollars which is surprising when you consider Israel’s claim it’s moving to the “next phase” of war with Iran (CNN). And European nations are being drawn into the conflict […]
Commentary for Feb, 27, 2026 – Today gold closed up $54.00 at $5230.50, and silver closed up $5.68 at $92.68. Gold finished the week with a small amount of fireworks as it pushed to session highs of $5250.00 before settling somewhat. Yet finishing the day solidly in the green. Suggesting that this market may be resting and […]
Commentary for Feb, 20, 2026 (www.golddealer.com) – Today gold closed up $83.40 at $5059.30, and silver closed up $4.71 at $82.28. I’m surprised that increased safe haven demand and a weaker dollar that gold has not regained its bullish spark. I’m really surprised that Trump’s threatening Iran with “bad things” if they do not give up nuclear ambitions did […]
Commentary for Feb, 13, 2026 – Today gold closed up $98.30 at $5022.00, and silver closed up $2.30 at $77.85. Considering this week’s volatility, investors will like how gold and silver finished the week. While some might call this a relief rally, I would not make that assumption. Gold is moving higher, testing overhead resistance around $5000.00 […]
Commentary for Feb, 6, 2026 – Today gold closed at $4951.20 up $89.80, and silver closed $76.73 up $0.20. I think traders have to like gold’s finish today for two reasons. First, gold was hammered earlier in the week, the result of uncertainty as to how long the Fed can maintain its current interest rate policy. Second, […]