Gold – Rhetoric Verses Reality Commentary for Friday, July 19, 2024 (www.golddealer.com) – Today gold closed down $56.30 at $2395.50, and silver closed down $0.91 at $29.09. On Tuesday gold finished up a whopping $39.50 as the bulls roared looking forward to even higher prices as the expectation of lower interest rates gained traction. On Friday the […]
Author Archives: Richard
Gold – Volatility Returns Commentary for Friday, July 12, 2024 (www.golddealer.com) – Today gold closed down $1.00 at $2414.00, and silver closed down $0.50 at $30.89. After Thursday’s round of fireworks to the upside it must be a disappointment to bullish sentiment to see gold momentum fizzle into the weekend. Still the optimism cup is more than […]
Gold – It’s Still About Interest Rates Commentary for Friday, July 5, 2024 (www.golddealer.com) – Today gold closed up $28.70 at $2388.50, and silver closed up $0.84 at $31.39. While this week began rather quietly it woke up nicely on Wednesday and Friday, even though our domestic trade was closed Thursday for Independence Day. The prime mover […]
Gold – A Choppy Week Commentary for Friday, June 28, 2024 (www.golddealer.com) – Today gold closed up $3.20 at $2327.70, and silver closed up $0.32 at $29.24. It has been another one of those choppy weeks, with plenty of noise from both sides of the aisle. But all in all, gold is still holding ground above the […]
Gold – Another Surprise! Commentary for Friday, June 21, 2024 (www.golddealer.com) – Today gold closed down $37.40 at $2316.40, and silver closed down $1.21 at $29.57. While the early market trade was flat, traders in a rather surprising turn sold this market and gold plummeted towards $2310.00. The reason behind this surprise is the latest PMI numbers. […]
Gold – Short Term Uncertainty Commentary for Friday, June 14, 2024 (www.golddealer.com) – Today gold closed up $31.20 at $2331.40, and silver closed up $0.41 at $29.40. Gold and silver prices are still trying to get on their feet after the rather dramatic reaction to last week’s economic and inflation rhetoric. But gold and silver traders seemed […]
Gold – What a Ride! Commentary for Friday, June 7, 2024 (www.golddealer.com) – Today gold closed down $65.10 today at $2305.20, and silver closed down $1.91 at $29.34. Another surprise finish to a week of very volatile pricing as traders move between bullish and bearish scenarios for both gold and silver. The trading quandary was in place, […]
Gold – Continues to Find Support Commentary for Friday, May 31, 2024 (www.golddealer.com) – Today gold closed down $20.00 at $2322.90, and silver closed down $1.09 at $30.30. This was a short week considering the domestic markets were closed for Memorial Day. Gold prices did spike higher on the open but reversed direction and finished the day […]
Gold – The Big Pushback Commentary for Thursday, May 23, 2024 (www.golddealer.com) – Today gold closed down $54.20 at $2335.00, and silver closed down $1.02 at $30.28. This was not an optimistic week for the bulls, as overhead resistance proved stronger than most believed, and the technical outlook moved from promising to ominously bearish. This quick turn […]
Gold – Above $2400.00! Commentary for Friday, May 17, 2024 (www.golddealer.com) – Today gold closed up $32.20 at $2412.20, and silver closed up $1.38 at $31.05. Another solid week for gold and silver as each metal moved to recent highs with conviction this morning. Gold challenged $2415.00 and silver broke through $30.00 overhead resistance with a few […]