Gold Newsletter Archive

Gold – All Time Highs!

Gold – All Time Highs! Commentary for Friday, April 12, 2024 (www.golddealer.com) – Today gold closed up $1.40 at $2356.20, and silver closed up $0.08 at $28.26. You would not think now is the time for the price of gold to become unstable, but reading the tea leaves correctly always requires a bit of wisdom and good […]

Gold – Another Amazing Week

Gold – Another Amazing Week Commentary for Friday, April 5, 2024 – Today gold closed up $36.90 at $2325.70, and silver closed up $0.26 at $27.40. The price of gold soared four of the five days this week making new highs on Friday. This jump has caught everyone by surprise because the price of gold faded […]

Gold – Optimistic!

Gold – Optimistic! Commentary for Thursday, March 28, 2024 (www.golddealer.com) – Today gold closed up $26.80 at $2217.40, and silver closed up $0.17 at $24.80. This has been another great week for metals. Higher prices, more positive buzz and larger physical buy orders suggest an optimistic outlook. And perhaps even higher prices over the longer term. Of […]

Gold – The Fed Turns Dovish

Gold – The Fed Turns Dovish Commentary for Friday, March 22, 2024 (www.golddealer.com) – Today gold closed down $24.30 at $2158.10, and silver closed down $0.16 at $24.69. This is a great week to realize that the Fed’s monetary policy remains complex and full of contradictions. Early weekly gains in gold have turned into a profit taking […]

Gold – Raising or Lowering?

Gold – Raising or Lowering? Commentary for Friday, March 15, 2024 (www.golddealer.com) – Today gold closed down $5.70 at $2157.30, and silver closed up $0.33 at $25.20. As is typical these days, the gold bulls and gold bears have delt with cross winds all week. The bulls will have to turn logic on its head, believing this […]

Gold – A Remarkable Week

Gold – A Remarkable Week Commentary for Friday, March 8, 2024 (www.golddealer.com) – Today gold closed up $20.60 at $2178.60, and silver closed down $0.03 at $24.34. The gold bulls have reasons to smile this week, beginning with a solid technical picture being that prices have risen 5 trading days in a row! And while I’m usually […]

Gold – A Bullish Friday

Gold – A Bullish Friday Commentary for Friday, March 1, 2024 (www.golddealer.com) – Today gold closed up $41.20 at $2086.90, and silver closed up $0.48 at $23.15 . While gold opened choppy today it quickly moved past 4 week highs, surprising even insiders with higher prices and increased enthusiasm. This latest move is a big deal in […]

Gold – The “No Hurry” Fed

Gold – The “No Hurry” Fed Commentary for Friday, Feb 23, 2024 (www.golddealer.com) – Today gold closed up $18.90 at $2038.60, and silver closed up $0.20 at $22.97. Gold surprised even insiders today as it threatened $2040.00 out of the clear blue sky. Perhaps this strong finish will remind us of the popular 1930 story by Watty […]

Gold – Rate Expectations Hold Sway

Gold – Rate Expectations Hold Sway Commentary for Friday, Feb 16, 2024 (www.golddealer.com) – Today gold closed up $9.40 at $2011.50, and silver closed up $0.53 at $23.46. The story of interest rates driving gold prices, either up or down, is an old story, but traders should be used to this dynamic considering the length of this […]

Gold – Above $2000.00 – For Now

Gold – Above $2000.00 – For Now Commentary for Friday, Feb 9, 2024 (www.golddealer.com) – Today gold closed down $8.90 at $2023.30, and silver closed down $0.04 at $22.53. On the open its price was steady at $2032.00 before moving to lows of $2020.00 and finishing the day modestly off lows. Not a big deal, this pattern […]

Gold – The Bearish Scenario

Gold – The Bearish Scenario Commentary for Friday, Feb 2, 2024 (www.golddealer.com) – Today gold closed down $16.90 at $2036.10, and silver closed down $0.43 at $22.70. Gold dipped on the open today after the January jobs report roared, coming in at nearly double the expected number. This after a strong jobs showing in December suggests dynamic […]

Gold –  Steady for Now – Pulse or Minus $50.00

Gold –  Steady for Now – Pulse or Minus $50.00 Commentary for Friday, Jan 26, 2024 (www.golddealer.com) – Today gold closed up $3.00 at $2016.90, and silver closed up $0.05 at $22.81. This was another one of those weeks in which traders waited for that second shoe to fall, relative to Fed interest rate policy. Patience is […]

Gold – Surprisingly Quiet

Gold – Surprisingly Quiet  Commentary for Friday, Jan 19, 2024 (www.golddealer.com) – Today gold closed up $7.90 at $2026.50, and silver closed down $0.10 at $22.57. This was a week where the market struggled with conflicting data and speculation with the center player in this dilemma being the Fed. Not long ago sentiment shifted to the dovish […]

Gold – Political Tension & Safe Haven

Gold – Political Tension & Safe Haven Commentary for Friday, Jan 12, 2024 (www.golddealer.com) – Today gold closed up $32.40 at $2046.70, and silver closed up $0.62 at $23.16. The price of gold finished the week with a bang today, touching $2060.00 before settling lower on the day. (Reuters) United States and Britain launched strikes against sites […]

Gold – Interest Rates Rule

Gold – Interest Rates Rule Commentary for Friday, Jan 5, 2024 (www.golddealer.com) – Today gold closed up $0.10 at $2042.40, and silver closed up $0.13 at $23.12. As the New Year develops, interest rates are still the determining factor controlling the price of gold. Commentators are split as to whether the bullish trade got carried away with […]

Gold – Higher Price Expectations

Gold – Higher Price Expectations Commentary for Friday, Dec 29, 2023 (www.golddealer.com) – Today gold closed down $11.50 at $2062.40, and silver closed down $0.28 at $23.85. Going into the long New Year’s weekend gold continued to settle, trading between $2072.00 and $2058.00 with a mild downward bias. The end of the year is a typically quiet […]

Gold – An Optimistic 2024

Gold – An Optimistic 2024 Commentary for Friday, Dec 22, 2023 (www.golddealer.com) – Today gold closed up $18.00 at $2057.10, and silver closed down $0.02 at $24.29. Going into the holiday season the gold bulls should be happy enough in that prices this week have moved higher 4 days out of 5. This is not a Christmas […]

Gold – Terminal Interest Rate

Gold – Terminal Interest Rate Commentary for Friday, Dec 15, 2023 (www.golddealer.com) – Today gold closed down $9.10 at $2021.10, and silver closed down $0.23 at $23.87. On Wednesday Chief Powell created a thunderclap by claiming the latest Consumer Price Index and Producer Price Index suggest that a terminal interest rate has been reached. Jerome then put […]

Gold – More Surprises in Store?

Gold – More Surprises in Store? Commentary for Friday, Dec 8, 2023 (www.golddealer.com) – Today gold closed down $31.60 at $1998.30, and silver closed down $0.76 at $22.97. The price of gold moved significantly lower today in the domestic trade as a strong US jobs report rewrote the short-term pricing picture. Reuters believes that there is less […]

 Gold – Will Prices Hold Up?

Gold – Will Prices Hold Up? Commentary for Friday, Dec 1, 2023 (www.golddealer.com) – Today gold closed up $32.90 at $2071.00, and silver closed up $0.21 at $25.50. This week some traders are considering the possibility that the price of gold will not substantially retreat despite higher interest rates and hawkish Powell comments. This seems a bit […]

Gold – A Christmas Surprise?

Gold – A Christmas Surprise? Commentary for Wednesday, Nov 22, 2023 (www.golddealer.com) – Today gold closed down $7.90 at $1991.40, and silver closed down $0.17 at $23.67. The big story this Thanksgiving week must be the price of gold moving above $2000.00 on Tuesday. This was not a seminal moment; It was expected but the fact that […]

Gold – The Inflation Question

Gold – The Inflation Question Commentary for Friday, Nov 17, 2023 (www.golddealer.com) – Today gold closed down $2.30 at $1981.60, and silver closed down $0.08 at $23.81. Even in the midst of confusion this has been interesting and perhaps a pivotal week for gold. Consider the pricing action on Tuesday of this week as inflation numbers softened. […]

Gold – Rising Bearish Sentiment

Gold – Rising Bearish Sentiment   Commentary for Thursday, Nov 9, 2023 (www.golddealer.com) – Today gold closed up $12.70 at $1964.20, and silver closed up $0.18 at $22.83. Another week of trouble for the bulls as gold’s technical picture falters, crude oil weakens, and Fed hawkishness seems resolute. (Reuters) – “Oil prices slid over 2% on Wednesday to […]

Gold – The Fed Pause?

Gold – The Fed Pause? Commentary for Friday, Nov 3, 2023 (www.golddealer.com) – Today gold closed up $5.90 at $1991.50, and silver closed up $0.45 at $23.20. Now that the Fed has “paused” its interest rate program, the question becomes what has the investor learned from this latest insight? Is this good or bad for […]

Gold – Possible Outcomes?

Gold – Possible Outcomes? Commentary for Friday, October 27, 2023 (www.golddealer.com) – Today gold closed up $1.40 at $1988.60, and silver closed down $0.02 at $22.77. Gold closed quietly at the end of this trading week. With escalating troubles in the Middle East and a positive technical picture I’m surprised that both gold and silver […]

Gold – 3 Month Peak – Safe Haven Demand

Gold – 3 Month Peak – Safe Haven Demand Commentary for Friday, October 20, 2023 (www.golddealer.com) – Today gold closed up $14.10 at $1982.50, and silver closed up $0.46 at $23.35. Both gold and silver finished the week trending higher, helped by safe haven demand, an improved technical picture, and Chief Powell’s dovish hints. This […]

Gold – Safe Haven Demand Soars

Gold – Safe Haven Demand Soars Commentary for Friday, October 13, 2023 (www.golddealer.com) – Today gold closed up $58.10 at $1927.40, and silver closed up $0.94 at $22.73. Today is typical of the gold trade lately, in that just when you think you have all the pieces of the puzzle lined up correctly an unexpected […]

Gold – An Interest Rate Dilemma

Gold – An Interest Rate Dilemma   Commentary for Friday, October 6, 2023 (www.golddealer.com) – Today gold closed up $13.60 at $1830.20, and silver closed up $0.69 at $21.54. Will the Fed raise interest rates again in November and keep them elevated for a longer period? The Wall Street Journal offers a contrary opinion – the […]

Gold – More Rate Hikes? 

Gold – More Rate Hikes?  Commentary for Friday, September 29, 2023 (www.golddealer.com) – Today gold closed down $12.30 at $1848.10, and silver closed down $0.28 at $22.24. Another one of those weeks the bulls would like to forget. A tepid short covering rally reversed direction in early trading and gold again moved to daily lows […]

Gold – Interest Rates and Metals

Gold – Interest Rates and Metals  Commentary for Friday, September 22, 2023 (www.golddealer.com) – Today gold closed up $6.20 at $1925.40, and silver closed up $0.16 at $23.60. Week over week the price of gold and silver has yawned over the most reliable data points. But there is an overall theme that has developed, which […]

Gold – Optimistic or Pessimistic?

Gold – Optimistic or Pessimistic? Commentary for Friday, September 15, 2023 (www.golddealer.com) – Today gold closed up $13.70 at $1923.70, and silver closed up $0.38 at $23.13. When it comes to what the Fed might do next with interest rates the gold trade can’t seem to make up its mind. This confusion is the result […]

Gold – Adjusting to Higher Rates

Gold – Adjusting to Higher Rates Commentary for Friday, September 8, 2023 (www.golddealer.com) – Today gold closed up $0.90 at $1918.40, and silver closed down $0.06 at $22.89. Our shiny friend drifted quietly lower ($20.00) this week as analysts again brought out the tea leaves in a market decidedly lacking in fresh information. Which way […]

Gold – Cautious Price Patience

Gold – Cautious Price Patience Commentary for Friday, September 1, 2023 (www.golddealer.com) – Today gold closed up $1.60 at $1939.80, and silver closed down $0.24 at $24.23. It’s easy to see that gold and silver have been enjoying a small updraft in pricing since last Friday, as the trade considers FOMC dovish options. But I […]

Gold – Jackson Hole – Powell at Work

Gold – Jackson Hole – Powell at Work Commentary for Friday, August 25, 2023 (www.golddealer.com) – Today gold closed down $7.10 at $1911.10, and silver closed up $0.01 at $24.22. Everyone was holding their breath, awaiting Chief Powell’s Jackson Hole comments early in this trading day. And the market held steady until the Chief called […]

Gold – Rising Bearish Sentiment

Gold – Rising Bearish Sentiment Commentary for Friday, August 18, 2023 (www.golddealer.com) – Today gold closed up $2.00 at $1886.10, and silver closed up $0.03 at $22.70. Gold finished the week with a small corrective bounce, likely the result of short-covering and mild bargain hunting, but there are no game changers on the horizon. Interest […]

Gold – Dovish September Pause?

Gold – Dovish September Pause? Commentary for Friday, August 11, 2023 (www.golddealer.com) – Today gold closed down $1.50 at $1912.90, and silver closed down $0.08 at $22.67. This looks like another week of tight pricing spreads and a small amount of underlying tension as paper traders prepare for the upcoming FOMC meeting this coming September. […]

Gold – Interest Rate Quandary

Gold – Interest Rate Quandary Commentary for Friday, August 4, 2023 (www.golddealer.com) – Today gold closed up $7.60 at $1939.60, and silver closed up $0.03 at $23.62. It looks like another quiet week for gold and silver considering the weekly price spreads. According to the experts the technical picture for gold and silver is back […]

Gold – Is Inflation Cooling?

Gold – Is Inflation Cooling? Commentary for Friday, July 28, 2023 (www.golddealer.com) – Today gold closed up $15.00 at $1960.40, and silver closed up $0.13 at $24.37. Can’t say this was a great week for gold, even though the reaction to Powell’s interest rate hike was muted. And this rate hike was not even a […]

Gold – Steady Eddie – For Now

Gold – Steady Eddie – For Now Commentary for Friday, July 21, 2023 (www.golddealer.com) – Today gold closed down $4.00 at $1964.30, and silver closed down $0.11 at $24.70. Can’t say gold was impressive this week because it failed to deliver on what looked like a promising break to the upside. Still the trade was […]

Gold – Stubborn Overhead Resistance

Gold – Stubborn Overhead Resistance Commentary for Friday, July 14, 2023 (www.golddealer.com) – Today gold closed up $0.90 today at $1960.10, and silver closed up $0.24 at $25.01. It is surprising that the price of gold did not move considerably higher this week considering the Dollar Index tested recent lows. Last Friday the index was […]

Gold – Continues to Wobble

Gold – Continues to Wobble Commentary for Friday, July 7, 2023 (www.golddealer.com) – Today gold closed up $17.50 at $1926.20, and silver closed up $0.40 at $23.09. Today’s nice price bounce to the upside in gold surprised everyone, but really it should have been expected. The weak job numbers started the bullish ball rolling and […]

Gold – Testing Support

Gold – Testing Support  Commentary for Friday, June 30, 2023 (www.golddealer.com) – Today gold closed up $11.90 at $1921.10, and silver closed up $0.22 at $22.81. Price movements in gold and silver this week were surprisingly small considering the truckload of US speculation regarding the Fed’s next move and rising world central bank interest rates. […]

Gold – Waiting on the Fed

Gold – Waiting on the Fed  Commentary for Friday, June 23, 2023 (www.golddealer.com) – Today gold closed up $6.40 at $1919.10, and silver closed down $0.11 at $22.33. Gold moved from $1920.00 in the Hong Kong trade last night through $1936.00 in what looked like a reaction to an oversold week, but the domestic paper […]

Gold – A Qualified Steady 

Gold – A Qualified Steady  Commentary for Friday, June 16, 2023 (www.golddealer.com) – Today gold closed up $0.60 at $1958.40, and silver closed up $0.19 at $24.08. Given the wild swings in sentiment this week it seems counterintuitive that the prices of gold and silver remain close to unchanged. And traders are scratching their heads […]

 Gold – To Raise or Not to Raise?

Gold – To Raise or Not to Raise? Commentary for Friday, June 9, 2023 (www.golddealer.com) – Today gold closed down $1.40 at $1962.20, and silver closed up $0.07 at $24.33. The price of gold this week was indecisive as traders pondered rather limited but powerful FOMC decisions relative to interest rates. I believe professionals still […]

Gold – Holds $1900.00 + For Now

Gold – Holds $1900.00 + For Now Commentary for Friday, June 2, 2023 (www.golddealer.com) – Today gold closed down $25.60 at $1952.40, and silver closed down $0.24 at $23.64. The price of gold moved lower on the opening this morning, and in typical fashion drifted to lows on the day. Its price “swing” was $30.00, […]

Gold – Another Tough Week

Gold – Another Tough Week Commentary for Friday, May 26, 2023 (www.golddealer.com) – Today gold closed up $1.00 at $1944.10, and silver closed up $0.45 at $23.24. To say this was another tough week for metals might be an understatement as bearish trading sentiment continues to rise. Reuters used the term “wobbles” relative to gold to […]

Gold – Another Volatile Week

Gold – Another Volatile Week Commentary for Friday, May 19, 2023 (www.golddealer.com) – Today gold closed up $22.20 at $1978.70, and silver closed up $0.42 at $23.92. To say that gold had a volatile week would probably be an understatement. In February of this year gold topped $1950.00 with the requisite buzz, but when gold […]

Gold – Interest Rates Cap New Highs

Gold – Interest Rates Cap New Highs Commentary for Friday, May 12, 2023 (www.golddealer.com) – Today gold closed down $0.20 at $2014.50, and silver closed down $0.27 at $23.99. The price of gold caught a small updraft this morning as worries about US debt default kept bullion’s safe haven demand intact according to Reuters. While […]

Gold – Buckle Your Seat Belts

 Gold – Buckle Your Seat Belts Commentary for Friday, May 5, 2023 (www.golddealer.com) – Today gold closed down $30.60 at $2017.40, and silver closed down $0.30 at $25.74. The price of gold dropped from $2035.00 to $2000.00 Friday morning in the domestic New York cash market. Traders bought the dip but the bounce to higher ground […]