Daily Gold Newsletter

Gold Gets a Boost from Trump

Gold Gets a Boost from Trump Commentary for Tues Jan 17, 2017 (www.golddealer.com) – Gold closed up a surprising $16.70 today at $1212.90. The dollar tanked today as our new president decided it was time to share his feeling about the good old American buck. He claimed it was too…

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Gold Takes a Rest

Gold Takes a Rest  Commentary for Fri Jan 13, 2017 (www.golddealer.com) – Gold closed down $3.60 at $1196.20 today. Reuters claimed gold was lower because strong US retail sales drove the dollar and US bond yields higher. But I wonder – the Dollar Index was initially weaker but quickly rebounded…

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Gold Continues to Get Traction

Gold Continues to Get Traction Commentary for Thurs Jan 12, 2017 – Gold closed higher today up $3.20 at $1199.80 – very close to that important $1200.00. Dollar strength continues to be the big driver here and that weakness (or strength) has been created by President Elect Trump. And apparently…

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Gold Moves Higher on Trump Comments?

Gold Moves Higher on Trump Comments? Commentary for Wed Jan 11, 2017 (www.golddealer.com) – Gold up $11.10 at $1196.60 as the Dollar Index rose from 102.00 through 103.00 and then reversed direction bouncing off the 101.50 and settling in at 101.81. An interesting price pattern in gold today – the…

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Gold Stands Pat

Gold Stands Pat  Commentary for Tuesday Jan 10, 2017 (www.golddealer.com) – Gold closed up $0.60 at $1185.50. At least the trading price pattern has been consistent over the past week. Since last Tuesday gold has moved between $1162.00 and $1185.50 – the higher number also being the highest close during…

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Gold Firms – Whimsy or Reason?

Gold Firms – Whimsy or Reason?  Commentary for Monday Jan 9, 2017 (www.golddealer.com) – Gold closed up $11.50 today at $1184.90 as the dollar trends somewhat lower. The Dollar Index was looking at 102.60 when it got distracted and moved sharply lower in late trading (102.01). This was probably the…

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Gold Weaker – Dollar Reverses Direction

Gold Weaker – Dollar Reverses Direction Commentary for Friday Jan 6, 2017 (www.golddealer.com) – Gold closed down $7.90 today at $1173.40 probably because the Dollar Index rebounded from 101.50 to 102.25. Why the bounce in the dollar is a bigger question? The jobs number came in at 156,000 for December…

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Gold Continues Higher

Gold Continues Higher Commentary for Thursday Jan 5, 2017 – Gold closed up $16.00 at $1181.30. So gold decided it was too cheap again today and moved higher in price. There are a number of theories here but the most probable is simply that the dollar has been overpriced –…

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Gold Moves Higher – Bargain Hunting or Bouncing?

Gold Moves Higher – Bargain Hunting or Bouncing?  Commentary for Wednesday Jan 4, 2017 (www.golddealer.com) – Gold closed up $3.30 today at $1665.30 – higher yes but the market was choppy trading between $1162.00 and $1167.00 which is also not good considering the dollar took a bath. Some of this…

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Gold Surprisingly Firm in the New Year

  • 3rd January 2017

Gold Surprisingly Firm in the New Year Commentary for Tuesday Jan 3, 2017 (www.golddealer.com) – Gold closed up $10.30 today at $1162.00 as fresh physical buying and perhaps some end-of-the-year short covering seems to have confirmed a short-term bottom ($1130.00) which has been in place since mid-December. Gold prices into…

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