Daily Gold Newsletter

Gold Firm as Europe Considers Options

Gold Firm as Europe Considers Options Commentary for Friday, April 21, 2017 – Gold closed up $5.30 at $1289.10 and once again holds its ground. So where are we going into the weekend? I think traders are cautious but not ambivalent – on the short term gold is in the green…

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Gold Holds its Ground

Gold Holds its Ground Commentary for Thursday, April 20, 2017 – Gold closed up $0.40 at $1283.80 today in quiet trading. So gold continues to settle – in what is turning out to be a Goldilocks situation – not too hot and not too cold. Traders did buy yesterday’s dip in…

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Gold Sees Mild Profit Taking

Gold Sees Mild Profit Taking Commentary for Wednesday, April 19, 2017 – Gold closed down $10.70 today at $1283.40. Gold turned lower in the overnight London market reaching $1275.00 before bouncing higher in the domestic market. A stronger dollar is one of three reasons gold remains off balance. The Dollar Index…

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Gold Traders Continue to Buy the Dip

Gold Traders Continue to Buy the Dip Commentary for Tuesday, April 18, 2017 – Gold closed up $2.20 today at $1294.10 in choppy trading. This is in keeping with our thoughts that its price has overreached these past few weeks – especially in its reaction to Trump’s comments last week indicating…

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Gold Firm in Thin Choppy Trading

Gold Firm in Thin Choppy Trading  Commentary for Monday, April 17, 2017 – Gold closed up $3.40 at $1291.90. Gold is still getting traction – it’s probably more technical than anything else – the geopolitical scene is getting plenty of ink but the wrong kind. The North Korean “missile” launch…

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Gold Moves Higher into Easter

Gold Moves Higher into Easter   Commentary for Thursday, April 13, 2017 – Gold closed up $10.40 at $1288.50 today – that makes for a higher market now 5 weeks in a row. This upward climb has kind of crept in quietly if you use our across the counter action as…

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Gold Closes Firm – Aftermarket Surges Higher

Gold Closes Firm – Aftermarket Surges Higher   Commentary for Wednesday, April 12, 2017 – Gold closed up $3.90 at $1278.10 – still firm and the mood does not seem defensive – no one wants to be short this market given the international angst floating around. That being said I am…

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Gold Higher over Gunboat Diplomacy

Gold Higher over Gunboat Diplomacy   Commentary for Tuesday, April 11, 2017 – Gold closed up $20.30 today at $1274.20. Gold jumped higher this morning in the domestic trade after being relatively flat in the overnight Hong Kong and London market. This is a big deal technically so let’s look at…

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Gold Traders Continue to Buy the Dips

Gold Traders Continue to Buy the Dips Commentary for Monday, April 10, 2017 – Gold closed down $3.40 at $1253.90 today in directionless trading. The overnight London and Hong Kong markets were sleepy – there was a selloff in early domestic trading which looked at $1245.00 but traders once again bought…

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Gold Moves Higher over Missile Strike

  • 7th April 2017

Gold Moves Higher over Missile Strike Commentary for Friday, April 7, 2017 – Gold closed up $4.00 today at $1257.30 after trading as high as $1270.00 reacting to news of the Syrian missile strike. The big jobs report this morning disappointed – 98000 jobs were added – the market anticipated…

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