Gold Takes a Breather

Gold Takes a Breather            Commentary for Thursday, May 17, 2018 (www.golddealer.com) – Gold closed down $2.00 at $1288.20. So follow-through selling is not a big deal – yet. The fact that gold is now trading below all the major averages however suggests caution. Most think between now and the next FOMC meeting June 12th and […]

Gold Decides

Gold Decides           Commentary for Tuesday, May 15, 2018 (www.golddealer.com) – Gold closed down $27.60 at $1288.90. The reasonably long standing fight between the bulls and bears was finally decided by the dollar – the bears won. The Dollar Index moved from a low of 92.65 to a high of 93.44 because US economic numbers are […]

Gold Drifts  

Gold Drifts           Commentary for Monday, May 14, 2018 (www.golddealer.com) – Gold closed down $2.50 at $1316.50 in sleepy trading. It held steady last night in overseas and early domestic trading but sold off reaching session lows before the closing bell in the late domestic market. Quiet would be the word for today – the problem […]

Gold Pushes Higher

Gold Pushes Higher           Commentary for Thursday, May 10, 2018 (www.golddealer.com) – Gold closed up $9.50 at $1320.80. The latest from the federal inflation front was kind of a bust if you were looking for rising inflation. And with inflation surprisingly flat why is gold moving higher? The logic here is a bit left-footed. Because inflation […]

Gold Needs More Excitement

Gold Needs More Excitement           Commentary for Wednesday, May 9, 2018 (www.golddealer.com) – Gold closed down $0.70 at $1311.30 which is surprising. I would have expected higher prices as Trump dumps the Iran deal and oil spikes because we now have problems in both Iran and Venezuela. The 30 day pricing chart is brighter for the […]

Gold Proves Resilient for Now

Gold Proves Resilient for Now          Commentary for Monday, May 7, 2018 (www.golddealer.com) – Gold closed down $0.50 at $1312.20. The price of gold remains lethargic at best but is somewhat encouraging in that it is still fighting to hold the $1300.00 level. You don’t have to be a technical wizard to see that gold has […]

Gold Fights to Hold its Pricing Model 

Gold Fights to Hold its Pricing Model         Commentary for Friday, May 4, 2018 (www.golddealer.com) – Gold closed up $2.00 at $1312.70 today in quiet trading. What a week – gold was going up it was going down and it was staying the same. Early in the week everyone expected more hawkish news from the FOMC […]

Gold Closes Weaker – What Next?

Gold Closes Weaker – What Next?          Commentary for Monday, April 30, 2018 (www.golddealer.com) – Gold closed down $4.10 at $1316.20 today in lackluster trading. Unfortunately gold continues to be pressured lower by a stronger dollar. The Dollar Index at this time is trading at 91.90 up from its early trading range around 91.50 obviously because […]

Gold Firms – Will it Hold? 

Gold Firms – Will it Hold?          Commentary for Friday, April 27, 2018 (www.golddealer.com) – Gold closed up $5.70 at $1320.30. The reasoning behind higher gold today was that a friendlier North and South Korea would be a giant step toward denuclearization of the Korean peninsula. There are other factors which helped gold as well like […]

Gold – Breaking Down at $1320.00?      

Gold – Breaking Down at $1320.00?         Commentary for Wednesday, April 25, 2018 (www.golddealer.com) – Gold closed down $10.20 at $1321.20 today so the bears are testing support. In the bigger picture this is now turning into a mixed bag – down about $28.00 these past 30 days and up $54.00 this past year. Recent pricing […]