Commentary for Friday, Sept 12, 2025 (www.golddealer.com) – Today gold closed up $12.50 at $3649.40, and silver closed up $0.69 at $42.39. This week has been great for bullish sentiment as gold and silver technically powered up. Geopolitical tension and political uncertainty here and in the Middle East are fueling safe haven demand. But for now, all eyes are […]
Author Archives: Richard
Commentary for Friday, Sept 5, 2025 – Today gold closed up $47.40 at $3613.20, and silver closed up $0.16 at $41.07. This week was a happy one for the bulls as gold rallied to all-time highs reacting to disappointing US jobs data as some experts believe the marketplace is now factoring in three quarter-point rate cuts […]
Commentary for Friday, Aug 29, 2025 – Today gold closed up $41.90 at $3473.70, and silver closed up $1.01 at $40.20. This week has been an optimistic one for the bulls for several reasons. The consensus that interest rates are moving lower makes sense. Gold’s technical picture is solid and creating fresh buzz with investors interested […]
Commentary for Friday, Aug 22, 2025 – Today gold closed up $37.50 at $3374.40, and silver closed up $0.97 at $39.00. Gold finished this week with a bang as traders and investors pushed prices to recent highs, reacting to Powell’s latest Jackson Hole comment which suggests he is preparing for an interest rate cut next […]
Commentary for Friday, Aug 15, 2025 – Today gold closed up $0.80 at $3336.00, and silver closed down $0.09 at $37.89. Gold finished almost unchanged today as traders and investors worry about new tariffs and what the Fed has in mind for interest rate policy as next week’s important FOMC meeting approaches. Keeping in mind that the […]
Commentary for Friday, Aug 8, 2025 – Today gold closed up $38.80 at $3439.10, and silver closed up $0.26 at $38.42. Gold finished the week with a bang as traders broke through significant overhead resistance this morning at $3400.00. A surprising pop to the upside helped by an overall positive technical picture, and the expected FOMC lowering […]
Commentary for Friday, Aug 1, 2025 – Today gold closed up $54.50 at $3347.70, and silver closed up $0.24 at $36.79. Gold finished the week today with a very surprising rebound sparked by a weak jobs report which suggests that the chance of a September interest rate cut is rising sharply according to AG Thorson (FXEmpire). With […]
Commentary for Friday, July 25, 2025 – Today gold closed down $37.00 at $3334.00, and silver closed down $0.85 at $38.17. Gold finished the week on a rather sour note as prices moved from $3360.00 through support around $3325.00 as China’s jewelry demand weakens and the dollar gets stronger. The trend this week was mildly lower but […]
Commentary for Friday, July 18, 2025 – Today gold closed up $12.90 at $3353.00, and silver closed up $0.16 at $38.22. Gold finished the week on a positive note, and I believe insiders remain bullish in the longer term, but in the short term there is a developing question as to whether this strong bull market is […]
Commentary for Friday, July 11, 2025 – Today gold closed up $38.60 at $3356.00, and silver closed up $1.64 at $38.68. Gold and silver finished this week with a bang as gold moved to $3356.00 in the early trade and silver notched a 13 year high. This latest surge will only confirm fears that Trump’s radical […]