Commentary for Friday, October 30, 2026 – Today gold closed down $132.00 at $3885.70, and silver closed down $3.09 at $49.10. What can only be called “mass liquidation” demolished bullish sentiment as gold tested support around $3900.00. Which sent traders to the sidelines wondering what is going on in this market. Insiders realize that gold cannot catch […]
Category Archives: Daily Gold Newsletter
Commentary for Friday, October 23, 2026 (www.golddealer.com) – Today gold closed down $51.70 at $3991.10, and silver closed down $1.05 at $53.71. Going into the weekend, gold cannot catch a break as its technical picture deteriorates. And investors across our trading desk sift through the latest Middle East news trying to figure out whether there is further downside […]
Commentary for Friday, October 16, 2026 (www.golddealer.com) – Today gold closed up $11.80 at $4159.50, and silver closed up $0.16 at $57.00. For now, it may be time to consider whether higher gold prices and higher interest rates can exist together over the longer term? There was a time I thought such an arrangement was not possible, but […]
Commentary for Friday, October 9, 2026 – Today gold closed up $59.20 at $4191.00, and silver closed up $1.61 at $60.67. Investors will walk into the long holiday weekend with bullish sentiment improved to some degree as inflation expectations rise and the price of gold continues to test the Demand Zone which extends from $4200.00 through $4000.00 […]
Commentary for Friday, October 2, 2026 – Today gold closed down $39.20 at $4133.70, and silver closed down $0.75 at $59.98. Investors may be experiencing a case of whiplash going into the weekend, as gold initially made session highs of $4220.00 and then collapsed, testing support around $4120.00 and finishing the day solidly in the red. Still, […]
Commentary for Friday, September 25, 2026 (www.golddealer.com) – Today gold closed up $23.20 at $4286.20, and silver closed up $0.79 at $64.25. The elephant in the living room remains rising interest rates. And the question investors are now pondering is whether Fed Chair Kevin Warsh will remain hawkish when it comes to those rates. The inside money is […]
Commentary for Friday, September 18, 2026 (www.golddealer.com) – Today gold closed up $25.70 at $4385.90, and silver closed up $1.09 at $66.56. In what I consider a surprising move traders are testing overhead resistance this morning around $4400.00. This latest rally was sold by the paper trade and gold then tested support around $4345.00 but finished nicely in […]
Commentary for Friday, September 11th, 2026 – Today gold closed up $1.70 at $4366.20, and silver closed up $0.27 at $64.55. It is fair to say that the bulls are getting some small price traction going into the weekend. But keep in mind that with higher interest rates cemented in place by a still hawkish FOMC it […]
Commentary for Friday, September 4th, 2026 – Today gold closed down $61.90 at $4429.80, and silver closed down $0.92 at $66.05. It is always difficult to know when a break to the upside or downside is in the making for gold. If it were easy, the break would not be surprising. And it might be too soon to […]
Commentary for Friday, Aug 28, 2026 – Today gold closed down $151.10 at $4458.60, and silver closed down $2.94 at $66.48. The price of gold fell out of bed this morning, testing support around $4526.00 as traders brace themselves over Warsh’s bearish comments that inflation is a bigger concern than the slowing labor market. At the […]