Commentary for Friday, May 16, 2025 – Today gold closed down $38.70 today at $3182.00, and silver closed down $0.32 at $32.16. Gold got off to a bad start on Monday of this week by closing down $115.40. And it was kept off balance by losing $58.90 on Wednesday and another $38.70 on Friday. Are we looking […]
Author Archives: Richard
Commentary for Friday, May 9, 2025 – Today gold closed up $38.80 at $3335.40, and silver closed up $0.30 at $32.68. Last week’s volatility in the gold market seems to have carried forward into this week, even though the latest tariff news from President Trump was generally upbeat and should have settled this market down into this […]
Commentary for Friday, May 2, 2025 – Today gold closed up $21.90 at $3231.90, and silver closed down $0.20 at $31.99. In a word, yes, they are worried but considering the drubbing gold took yesterday, today’s bounce to the upside will steady bullish resolve, at least on the shorter term. Still, traders are dealing with enough crosswinds […]
Commentary for Friday, April 25, 2025 – Today gold closed down $49.60 at $3282.40, and silver closed down $0.49 at $32.99. The price of gold drifted lower on the open, finding some support around $3270.00 and finishing the day in the red. It appears traders are still cautious, fearing further downside in the shorter term. The […]
Commentary for Thursday, April 17, 2025 – Today gold closed down $17.90 at $3308.70, and silver closed down $0.51 at $32.42. The price of gold this morning is cooling a bit after setting new record highs this week. Traders and investors continue to ponder changing tariff winds and generally lower interest rates. But with the price of […]
Commentary for Friday, April 11, 2025 (www.golddealer.com) – Today gold closed up $67.00 at $3222.20, and silver closed up $1.15 at $31.82. If you are a bull, you must love today’s Reuters headline – Gold soars past $3,200 as trade war deepens, dollar loses ground. The amazing part of this developing story is that even cautious traders, […]
Commentary for Friday, April 4, 2025 – Today gold closed down $85.00 at $3012.00, and silver closed down $2.72 at $29.12. The significant losses in gold yesterday and today have shaken investors in an otherwise enthusiastic market which has been pushed higher by bullish sentiment for months. Some traders are calling this a kind of Armageddon effect. […]
Commentary for Friday, March 28, 2025 – Today gold closed up $26.30 at $3086.50, and silver closed down $0.26 at $34.64. This has been another great week for the metals. Inflation is proving to be “sticky”, the dollar is moving lower, and geopolitical tension is moving higher. However, insiders are surprised there has not been more […]
Commentary for Friday, March 21, 2025 – Today gold closed down $21.80 at $3018.20, and silver closed down $0.50 at $33.29. This has been one of those seminal weeks for gold as Trump politics, changing tariffs, a confusing FOMC decision and geopolitical problems create a bumpy price ride. Yet higher prices and enthusiasm encourage bullish gold […]
Commentary for Friday, March 14, 2025 – Today gold closed down $8.45 at $2986.05, and silver closed down $0.40 at $33.79. Even though gold has been in a generally bullish trend for months it is hard to believe that from last Friday through this Friday it gained more than $100.00 and set a new all-time record high. […]