Daily Gold Newsletter

Gold Surprises into Memorial Day

Gold Surprises into Memorial Day     Commentary for Friday, May 26, 2017  – Gold closed up $11.70 today at $1268.10 so it turns out to be more interesting going into the long Memorial Day weekend than I thought it would – but let’s not get carried away. The market began…

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Gold Remains Quiet into Memorial Day

Gold Remains Quiet into Memorial Day Commentary for Thursday, May 25, 2017 – Gold closed up $3.30 at $1256.40. Gold held steady in overnight trading and moved between $1254.00 and $1258.00 in the domestic trade – so it looks pretty quiet out there – today’s upward bias reflects yesterday’s aftermarket. I…

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Gold May Like the FOMC Notes

Gold May Like the FOMC Notes   Commentary for Wednesday, May 24, 2017 (www.golddealer.com) – Gold closed down $2.40 today at $1253.10 but the aftermarket trend firmed moving into the green more than $3.00 most likely in reaction to the release of the FOMC minutes. Gold traded relatively flat overnight…

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Gold Sees Mild Profit Taking

Gold Sees Mild Profit Taking   Commentary for Tuesday, May 23, 2017 (www.golddealer.com) – Gold closed down $5.90 at $1255.50. Gold traded relatively flat in the overseas market and opened choppy in the domestic market – trading between $1259.00 and $1263.00 but finally moved lower on the close as the…

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Gold Continues to Stay Focused

Gold Continues to Stay Focused   Commentary for Monday, May 22, 2017 – Gold closed up $7.00 at $1261.40 and has finished higher in 5 of the past 6 trading days for a total gain during that time of $32.90. Gold began trending higher on the open – pushing over…

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Gold Closes Quietly into the Week End

Gold Closes Quietly into the Week End    Commentary for Friday, May 19, 2017  – Gold closed up $0.80 at $1253.60 today so pricing was sleepy. It traded flat overnight in Hong Kong and London and the domestic market opened flat but turned choppy in a narrow range between $1251.00…

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Gold Yawns at Washington Turmoil – For Now

Gold Yawns at Washington Turmoil – For Now Commentary for Thursday, May 18, 2017 – Gold closed down $5.90 at $1252.80 with continued selling in the after-market. While most commentary sees the developing Trump problem intensifying because of the Special Prosecutor and therefor further encourage the gold bulls – we…

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Gold Reacts to Trump Controversy

Gold Reacts to Trump Controversy Commentary for Wednesday, May 17, 2017 (www.golddealer.com) – Gold closed up $22.30 today at $1258.70. It began moving strongly higher this morning reacting to the newest Trump political turmoil which also pushed stocks and the dollar lower. The Dollar Index has moved from 98.19 to…

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Gold Firm – Are you an Optimist or Pessimist?

Gold Firm – Are you an Optimist or Pessimist? Commentary for Tuesday, May 16, 2017 (www.golddealer.com) – Gold closed up $6.40 at $1236.40 today. The gold market continues to attract minor attention – I say minor because most investors are still looking at stocks as investor “fear” has exited the…

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Gold Continues to Find Traction

Gold Continues to Find Traction Commentary for Monday, May 15, 2017 (www.golddealer.com) – Gold closed up $2.30 on the day at $1230.00 – the high being $1237.00 so we came off pretty good from the opening pop. The North Korean state is being bad again. And for the first time…

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