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 […]

Commentary for Friday, Aug 21, 2026 – Today gold closed up $107.80 at $4624.10, and silver closed up $1.44 at $69.47. The price of gold technically broke to the upside today, reacting to several factors which include a dollar which began to move lower this past Tuesday. And more importantly the still developing Middle East situation which […]

Commentary for Friday, Aug 14, 2026 (www.golddealer.com) – Today gold closed up $16.80 at $4380.40, and silver closed up $0.12 at $64.99. The price of gold only moved modestly into the green going into the weekend. Which may be a disappointment to bullish sentiment given rising tensions in the Middle East, a weakening dollar, and the United States claiming […]

Commentary for Friday, Aug 7, 2026 – Today gold closed up $98.70 at $4340.70, and silver closed up $1.89 at $63.33. The price of gold rallied this morning, ($4368.00), the best week since Jan as the expectation of higher interest rates faded. The reason being that experts looked for a gain of 85000 jobs in US […]

Commentary for Friday, July 31, 2026 – Today gold closed down $51.00 at $4049.10, and silver closed down $1.23 at $57.59. The price of gold moved lower going into the weekend as traders believe a change in the Middle East war might be in the making. I don’t see this as some sort of regime change which […]

Commentary for Friday, July 24, 2026 – Today gold closed up $21.00 at $4067.60, and silver closed up $0.86 at $58.66. While some insiders believe the price of gold is stuck in neutral, I am more optimistic that what traders are now considering is a basing price model for gold which is hindered by a hawkish FOMC. […]

Commentary for Friday, July 17, 2026 – Today gold closed up $27.10 at $4012.70, and silver closed up $0.14 at $56.04. I think bullish sentiment is not ready to celebrate this week, but this picture is not all that bad as gold closed north of $4000.00. Now you might think this finish is no big deal considering […]

Commentary for Friday, July 10, 2026 – Today gold closed down $26.50 at $4104.10, and silver closed down $0.57 at $59.81. As we approach the weekend it appears gold has developed several crosswinds which may suppress prices the rest of this year. Depending on whether you are pitching or batting as our English friends are fond […]

Commentary for Thursday, July 2, 2026 – Today gold closed up $44.40 at $4112.70, and silver closed up $0.55 at $60.64. While this week has been rather frightful and volatile, today’s close to the upside suggests that Independence Day may welcome increasing bullish sentiment. Now of course this is no guarantee going into a long holiday […]

Commentary for Friday, June 26, 2026 – Today gold closed up $48.20 at $4078.70, and silver closed up $0.87 at $59.22. It has been a tough week for the bulls but today’s bounce to the upside may be just what the doctor ordered considering $4000.00 gold is an important psychological figure, as is now in play. […]

Commentary for Thursday, June 18, 2026 – Today gold closed down $134.80 at $4224.10, and silver closed down $4.44 at $66.26. It has been a tough road for the gold bulls these past 3 months as it has struggled against a background of generally rising interest rates. So, for now the price of gold will have to take […]

Commentary for Friday, June 12, 2026 – Today gold closed up $124.70 at $4215.00, and silver closed up $3.97 at $67.86. The bulls are smiling this morning as gold skyrocketed higher, touching $4225.00 in the early morning and then testing support around $4180.00 as the more prudent considered the latest inflation numbers which appear to be […]

Commentary for Friday, June 5, 2026 – Today gold closed down $138.70 at $4337.10, and silver closed down $4.84 at $68.94. The bulls are handed another disappointing week as a strong jobs report suggests that the FOMC will be in no mood to lower interest rates anytime soon. Today’s read might seem a bit counterintuitive as the […]

Commentary for Friday, May 29, 2026 – Today gold closed up $61.20 at $4560.50, and silver closed down $0.03 at $75.62. The bulls are enjoying a pleasant surprise this morning as gold threatens recent highs of $4600.00 and Jonathan Da Silva (Kitco) makes a convincing case that gold may now be gathering fuel and is posed for […]

Commentary for Friday, May 22, 2026 – Today gold closed down $18.80 at $4521.00, and silver closed down $0.52 at $75.89. A reminder that we will be closed this coming Monday, May 25th for Memorial Day. While the price of gold continues to trend lower this morning, pressured by rising strength in the dollar and the […]

Commentary for Friday, May 15, 2026 – Today gold closed down $122.30 at $4555.80, and silver closed down $7.75 at $77.16. The price of gold and silver today fell out of bed as gold broke below $4600.00 and silver dropped almost 10% into the $76.00 range as a very strong dollar not surprisingly  overpowered safe haven demand. […]

Commentary for Friday, June 8, 2026 – Today gold closed up $20.60 at $4720.40, and silver closed up $0.70 at $80.40. While the price of gold pushed to higher ground ($4745.00) in the early trade, investors sold this rally and gold finished only modestly higher on the day. Traders also enjoyed weekly gains in the price of […]

Commentary for Friday, May 1, 2026 – Today gold closed up $15.20 at $4629.90, and silver closed up $2.42 at $75.95. The price of gold managed to push back into the green in early trading today but has trended lower to some degree this week. As volatility increased and the FOMC as expected left interest rates unchanged […]

Commentary for April 24, 2026 – Today gold closed up $17.20 at $4722.30, and silver closed up $0.91 at $76.38. Gold moved to session highs today at $4730.00 but only finished the day mildly in the green as prices continue to struggle at these lofty levels reacting to rising interest rates. Traders have also abandoned the […]

Commentary for April 17, 2026 – Today gold closed up $72.20 at $4857.60, and silver closed up $3.13 at $81.74. Gold moved higher today as Middle East tension moved lower, at least in the short term, the dollar turned soft and technicians suspect a potential breakout is in the making. How long this latest peace attempt will […]

Commentary for April 10, 2026 – Today gold closed down $30.30 at $4761.90, and silver closed up $0.04 at $76.32. Let’s consider another confusing week as traders sort out confusing crosscurrents which could send the price of gold and silver higher or lower without warning. Of course, this initial direction is almost wholly dependent on an extended […]

Commentary for April 2, 2026 – Today gold closed down $131.70 at $4651.60, and silver closed down $3.13 at $72.74. The bullish hope of all-time highs in gold moved to the back burner this morning as our shiny friend dipped seriously into the red as the dollar and oil prices rose. And Trump said the US […]

Commentary for March, 27, 2026 – Today gold closed up $116.50 at $4492.00, and silver closed up $1.88 at $69.55. The near term future of gold and silver prices is still a bit fuzzy as traders buy time to see what the Fed does with short term interest rates. Most believe they will stand pat at present […]

Commentary for March, 20, 2026 – Today gold closed down $30.30 at $4570.40, and silver closed down $1.54 at $69.36. In a blink of the eye this market goes from a bullish “how high can we go” to a bearish “how low can we go” over what amounts to political comments by the outgoing FOMC Chief relative […]

Commentary for March, 13, 2026 – Today gold closed down $63.30 at $5052.50, and silver closed down $3.76 at $80.91. The price of gold seems to be trending lower this week, which is not hard to believe as interest rates remain steady. And even though gold may test the psychologically important $5000.00 level, I believe investors […]

Commentary for March, 6, 2026 – Today gold closed up $80.80 at $5146.10, and silver closed up $2.13 at $83.82. Gold finished the week off a few hundred dollars which is surprising when you consider Israel’s claim it’s moving to the “next phase” of war with Iran (CNN). And European nations are being drawn into the conflict […]

Commentary for Feb, 27, 2026 – Today gold closed up $54.00 at $5230.50, and silver closed up $5.68 at $92.68. Gold finished the week with a small amount of fireworks as it pushed to session highs of $5250.00 before settling somewhat. Yet finishing the day solidly in the green. Suggesting that this market may be resting and […]

Commentary for Feb, 20, 2026 (www.golddealer.com) – Today gold closed up $83.40 at $5059.30, and silver closed up $4.71 at $82.28. I’m surprised that increased safe haven demand and a weaker dollar that gold has not regained its bullish spark. I’m really surprised that Trump’s threatening Iran with “bad things” if they do not give up nuclear ambitions did […]

Commentary for Feb, 13, 2026 – Today gold closed up $98.30 at $5022.00, and silver closed up $2.30 at $77.85. Considering this week’s volatility, investors will like how gold and silver finished the week. While some might call this a relief rally, I would not make that assumption. Gold is moving higher, testing overhead resistance around $5000.00 […]

Commentary for Feb, 6, 2026 – Today gold closed at $4951.20 up $89.80, and silver closed $76.73 up $0.20. I think traders have to like gold’s finish today for two reasons. First, gold was hammered earlier in the week, the result of uncertainty as to how long the Fed can maintain its current interest rate policy. Second, […]

Commentary for Jan, 30, 2026 – Today gold closed down $412.03 at $4900.42, and silver closed down $28.53 at $84.35. The few who were looking for a correction in gold and silver prices got it in spades this morning as the metals moved into a freefall so intense that investors are scratching their heads in amazement and […]

Commentary for Jan, 23, 2026 – Today gold closed up $67.40 at $4976.20, and silver closed up $4.95 at $100.93. It is my view that the current bullish storm in gold and silver is gathering energy even though some insiders believe profit taking in the metals might turn out to be a wet blanket for investors. Still, […]

Commentary for Jan, 16, 2026 – Today gold closed down $27.90 at $4588.40, and silver closed down $3.79 at $88.09. It is true that gold made fresh record highs this week, but there is a great deal of uncertainty in the recent pricing model because Chief Powell’s next move is linked to how aggressive the FOMC becomes […]

Commentary for Jan, 9, 2026 – Today gold closed up $40.60 at $4490.30, and silver closed up $4.16 at $78.88. It’s getting easier to make the case that the price of gold is no longer consolidating and is gaining fresh bullish traction as the US labor market slows. The idea here being that the Fed will be […]

Commentary for Wednesday, Dec 31, 2025 – Today gold closed down $44.50 at $4325.60, and silver closed down $7.24 at $70.13. I don’t think anyone could have guessed the price of gold would double from a year ago and the price of silver would more than triple. The price of platinum moved higher by 120% and the […]

Commentary for Wednesday, Dec 24, 2025 (www.golddealer.com) – Today gold closed down $2.20 at $4480.60, and silver closed up $0.54 at $71.03. Gold trended lower this Christmas Eve testing support at $4450.00 but traders bought this weakness, which is very encouraging and the cash market recovered nicely. My bet is that gold will make new highs, if not before […]

Commentary for Friday, Dec 19, 2025 – Today gold closed up $21.90 at $4361.40, and silver closed up $2.26 at $66.85. Investors are still hoping for a Christmas surprise in gold but in the meantime this week’s pricing has been very quiet, gold closing today mildly in the green from last Friday. I would not read too […]

Commentary for Friday, Dec 12, 2025  – Today gold closed up $14.60 at $4300.10, and silver closed down $2.57 at $61.36. While the momentum players will be disappointed with how gold prices finished today, it may not be an overstatement to call this a watershed week for both gold and silver. Now don’t get me wrong, I […]

Commentary for Friday, Dec 5, 2025 – Today gold closed up $1.10 at $4212.90, and silver closed up $1.57 at $58.42. Today the price of gold pushed to daily highs ($4260.00) in early trading, but this bullish rally was then heavily sold and gold closed the day almost unchanged. This is the kind of tough overhead resistance […]

Commentary for Friday, Nov 26, 2025 (www.golddealer.com) – Today gold closed up $26.00 at $4165.20, and silver closed up $1.99 at $52.92. It looks like investors are growing even more optimistic about the physical gold and silver market going into this short Thanksgiving week. The reasoning being that they are expecting interest rates to trend lower through 2026. It […]

Commentary for Friday, Nov 21, 2025 (www.golddealer.com) – Today gold closed up $20.20 at $4076.70, and silver closed down $0.38 at $49.87. It looks like the price of gold this week is stuck because the Fed will not reduce interest rates a second time before the end of this year. They are worried about inflation. These higher interest rates […]

Commentary for Friday, Nov 14, 2025 – Today gold closed down $99.30 at $4087.60, and silver closed down $2.48 at $50.59 . This week investors must deal with several confusing crosscurrents. The first and probably the most complicated is the fact our long and cumbersome government shutdown created record highs in gold, but that bullish factor is […]

Commentary for Friday, Nov 7, 2025 (www.golddealer.com) – Today gold closed up $19.50 at $3999.40, and silver closed up $0.23 at $48.02. There are many traders who generally believe that the price of gold peaked in 2025, and further the rise to these extreme levels has placed our shiny friend in an overbought position. In other words, a cooling […]

Commentary for Friday, Oct 31, 2025 – Today gold closed down $19.10 at $3982.20, and silver closed down $0.44 at $47.99. The next FOMC move will define interest rate trajectory and the relative price of gold through the holidays. Not long ago traders were convinced that rates would be lowered in two quarter point stages before […]

Commentary for Friday, Oct 24, 2025  – Today gold closed down $7.10 at $4118.40, and silver closed down $0.10 at $48.38. This week presented a challenge to even veteran traders as gold moved between price extremes of $4100.00 and $4350.00. Investors joined the race trying to figure out whether this volatility and deteriorating technical picture means […]

Commentary for Friday, Oct 17, 2025 – Today gold closed down $90.30 at $4189.90, and silver closed down $3.16 at $49.86. Considering Thursday’s strong close today’s significant dip to the downside should suggest volatility is increasing. But traders bought this dip in the aftermarket, which was higher by almost $50.00. Suggesting underlying strength. And at this point […]

Commentary for Friday, Oct 10, 2025 – Today gold closed up $29.60 today at $3975.90, and silver closed up $0.09 at $46.94. In my opinion this week’s volatility in both gold and silver pricing may be the first sign of trouble in River City (The Music Man). I am not ready to jump out the window for […]

Commentary for Friday, Oct 3, 2025 – Today gold closed up $41.10 at $3880.80, and silver closed up $1.60 at $47.60. The price of gold continues to draw attention as the government shut down and safe haven demand push prices to record levels. And $4000.00 gold is on everyone’s mind, likely before the holiday season. Yesterday’s dip […]