Gold Newsletter Archive

Gold – Are the Bears Returning?

Gold – Are the Bears Returning? Commentary for Friday, Feb 3, 2023 (www.golddealer.com) – Today gold closed down $53.40 at $1862.90, and silver closed down $1.20 at $22.33. Gold’s sudden drop in price this morning introduced a new round of uncertainty into an already confusing pricing picture. I would not overreact to this downward swoop, […]

Gold – Steady and Quiet

Gold – Steady and Quiet Commentary for Friday, January 27, 2023 (www.golddealer.com) – Today gold closed down $0.50 at $1928.60, and silver closed down $0.40 at $23.53. Gold prices were choppy today as the Dollar Index moved marginally higher. This looks more like a pause in a generally bullish market as traders anticipate a less […]

Gold – Interest Rate Uncertainty

Gold – Interest Rate Uncertainty Commentary for Friday, January 20, 2023 (www.golddealer.com) – Today gold closed up $4.30 at $1926.40 and silver closed up $0.08 at $23.83. Gold dipped in price on the New York open, recovered and settled, holding a tight $9.00 spread on the day. A typically choppy market at the end of […]

Gold – 8 Month Highs – Fresh Hopes

Gold – 8 Month Highs – Fresh Hopes Commentary for Friday, January 13, 2023 (www.golddealer.com) – Today gold closed up $22.90 at $1918.40 and silver closed up $0.37 at $24.23. Gold finished the week on renewed hopes of a less hawkish Fed and the first CPI signs of slowing inflation. The bulls own the short-term […]

Gold – Shifting Sentiment

Gold – Shifting Sentiment Commentary for Friday, January 6, 2023 (www.golddealer.com) – Today gold closed up $29.40 at $1864.20 and silver closed up $0.56 at $23.82. Gold trading sentiment is again all over the place as this volatile week draws to a close. This morning the domestic paper market opened higher, sold off and then […]

Gold – Patiently Waiting

Gold – Patiently Waiting Commentary for Friday, December 30, 2022 (www.golddealer.com) – Today gold closed up $0.20 at $1819.70 and silver closed down $0.22 at $23.86. Gold continues to be a quiet trade, with enough world uncertainty to keep the physical world interested. Still, I believe there is not much conviction of a breakout to […]

Gold – Rocking Santa’s Sleigh

Gold – Rocking Santa’s Sleigh  Commentary for Thursday, December 22, 2022 (www.golddealer.com) – Today gold closed down $28.90 at $1787.00 and silver closed down $0.56 at $23.48. Just a confusing reminder that we are closed on Friday (the markets are open) and Monday (the markets are closed) for Christmas. Wishing you all a blessed holiday […]

Gold – “Place Your Bets”

Gold – “Place Your Bets” Commentary for Friday, December 16, 2022 (www.golddealer.com) – Today gold closed up $12.80 at $1790.00 and silver closed up $0.02 at $23.15. Gold opened choppy today with a mild yet uncertain upward bias. This trade reminds me of the famous shoot out at the OK Corral. Will the Fed blink […]

Gold – Are Recent Highs Sustainable?

Gold – Are Recent Highs Sustainable? Commentary for Friday, December 9, 2022 (www.golddealer.com) – Today gold closed up $9.40 at $1798.10 and silver closed up $0.48 at $23.54. Gold opened typically choppy in the early trade and initially sold off ($1792.00) in the face of rising Treasury yields. Traders were caught off guard however when […]

Gold – Transition or Confusion?

Gold – Transition or Confusion? Commentary for Friday, December 2, 2022 (www.golddealer.com) – Today gold closed down $5.20 at $1795.90 and silver closed up $0.40 at $23.04. Gold opened steady in early trading but dropped on a strong jobs report. Which threw a wet blanket on some of this week’s positive buzz. Traders however did […]

Gold – Considering Options 

Gold – Considering Options   Commentary for Wednesday, November 23, 2022 (www.golddealer.com) – Today gold closed up $6.60 at $1744.90 and silver closed up $0.33 at $21.36. Gold moved mildly into the green in the early trade this morning, but most expect a quietly defensive market going into the long Thanksgiving weekend. Everyone is paying close […]

Gold – Fed Pivot – Yea or Nay?

Gold – Fed Pivot – Yea or Nay?   Commentary for Friday, November 18, 2022 (www.golddealer.com) – Today gold closed down $8.90 at $1751.90 and silver closed up $0.02 at $20.98. Gold looked defensive this morning going into the weekend. And the premiums for physical product fell sharply in China as buying slowed, according to Reuters. […]

Gold – Hopeful – Less Cautious

Gold – Hopeful – Less Cautious    Commentary for Thursday, November 10, 2022 (www.golddealer.com) – Today gold closed up $40.20 at $1750.30 and silver closed up $0.38 at $21.68. I am traveling this week so a short newsletter. We are closed this Friday for Veteran’s Day. Keep in mind however that the commodity markets are open, […]

Gold – Friday’s Surprise!  

Gold – Friday’s Surprise!   Commentary for Friday, November 4th, 2022 (www.golddealer.com) – Today gold closed up $45.20 at $1672.50 and silver closed up $1.35 at $20.79. This was another week of dramatic price swings in both silver and gold as the paper traders “ponder the reality” of the Fed’s next interest rate move. Early in […]

Gold – Fed Equivocation

Gold – Fed Equivocation Commentary for Friday, Oct 28, 2022 (www.golddealer.com) – Today gold closed down $21.10 at $1639.50 and silver closed down $0.33 at $19.15. Gold finished the week trending lower as the dollar gained strength and traders once again focus on near term, likely hawkish Fed policy. The early in the week speculation […]

Gold – An Upbeat Weekly Close

Gold – An Upbeat Weekly Close Commentary for Friday, Oct 21, 2022 (www.golddealer.com) – Today gold closed up $20.20 at $1651.00 and silver closed up $0.37 at $19.04. The paper trade created a bit of buzz this morning as both gold and silver jumped higher and the Dollar Index lost 2 full points! This surprising […]

Gold – Working Interest Rate Numbers

Gold – Working Interest Rate Numbers Commentary for Friday, Oct 14, 2022 (www.golddealer.com) – Today gold closed down $28.30 at $1641.70 and silver closed down $0.84 at $18.02. Gold is looking at its worst week since Mid-August as the dollar firms and traders worry over rate hikes. Today’s losses were not unexpected as aggressive inflation […]

Gold – Remains Defensive

Gold – Remains Defensive Commentary for Friday, Oct 7, 2022 (www.golddealer.com) – Today gold closed down $11.20 at $1700.50 and silver closed down $0.41 at $20.19. Gold dipped in price Friday on a solid jobs report which suggests the Fed will implement a 0.75% interest rate hike at the early November meeting. The market will […]

Gold – To Raise or Not to Raise?

Gold – To Raise or Not to Raise? Commentary for Friday, Sept 30, 2022 (www.golddealer.com) – Today gold closed up $3.90 at $1662.40 and silver closed up $0.35 at $18.96. Gold finished the week on an up note and fresh safe haven demand as Euro zone inflation moved to a record 10%. Considering the talk […]

Gold – Struggling Against Rising Rates

Gold – Struggling Against Rising Rates Commentary for Friday, Sept 23, 2022 (www.golddealer.com) – Today gold closed down $25.50 at $1645.30 and silver closed down $0.71 at $18.84. Gold dipped again this morning as the dollar continued to gain strength and safe haven demand may be hiding under the bed. The two-year Treasury yield tops […]

Gold – No Third-Party Obligation Works

Gold – No Third-Party Obligation Works Commentary for Friday, Sept 16, 2022 (www.golddealer.com) – Today gold closed up $6.30 at $1671.70 and silver closed up $0.12 at $19.30. Gold and silver prices were ambushed this week, so few are happy. But honestly the fuss being made by the bulls may be a bit of exaggeration. […]

Gold – Interest Rate/ Labor Market Mess

Gold – Interest Rate/ Labor Market Mess Commentary for Friday, Sept 9, 2022 (www.golddealer.com) – Today gold closed up $8.20 at $1716.20 and silver closed up $0.33 at $18.66. Gold jumped higher in early trading ($1730.00) but quickly settled for modest gains on the day. The Dollar Index was on the erratic side with a […]

Gold – Fighting for $1700.00

Gold – Fighting for $1700.00 Commentary for Friday, Sept 2, 2022 (www.golddealer.com) – Today gold closed up $13.20 at $1709.80 and silver closed up $0.23 at $17.78. Gold was firm going into the weekend, using the reasoning that the jobs report was slightly off, and the dollar was weaker. The Dollar Index trended ¾ of […]

Gold – Powell – Some Plus Some Minus

Gold – Powell – Some Plus Some Minus Commentary for Friday, Aug 26, 2022 (www.golddealer.com) – Today gold closed down $21.60 at $1736.10 and silver closed down $0.37 at $18.74. Fed Chief Powell’s Jackson Hole speech was actually short but contained enough warnings about the dangers of inflation to push gold lower. He was not […]

Gold – Adjusting to Higher Interest Rates

Gold – Adjusting to Higher Interest Rates Commentary for Friday, Aug 19, 2022 (www.golddealer.com) – Today gold closed down $7.70 at $1747.60 and silver closed down $0.39 at $19.06. Gold continues to adjust to the coming higher interest rate scenario. So, until the FOMC plan to tackle inflation changes we would expect these markets to […]

Gold – Firm but Cautious

Gold – Firm but Cautious Commentary for Friday, Aug 12, 2022 (www.golddealer.com) – Today gold closed up $8.90 at $1798.60 and silver closed up $0.35 at $20.68. It is a positive that gold managed mildly higher prices today even though a large jump in the Dollar Index capped gains. Current gold prices are also supported […]

Gold – Ignore the Noise for Now

Gold – Ignore the Noise for Now Commentary for Friday, Aug 5, 2022 (www.golddealer.com) – Today gold closed down $15.60 at $1772.90 and silver closed down $0.28 at $19.84. The possibility of no recession was reflected in lower gold prices Friday. The Bureau of Labor Statistics noted that the July numbers beat expectations with 528,000 […]

Gold – A Bright Spot Do I See?

Gold – A Bright Spot Do I See? Commentary for Friday, July 29, 2022 (www.golddealer.com) – Today gold closed up $12.60 at $1762.90 and silver closed up $0.33 at $20.16. Gold moved higher on Friday as the Dollar Index continued a soft drift towards 106.00. The markets are trying to resolve the interest rate / […]

Gold – Quiet Summer Trade

Gold – Quiet Summer Trade Commentary for Friday, July 22, 2022 (www.golddealer.com) – Gold closed up $14.40 at $1727.10 today and silver closed down $0.10 at $18.59. Gold finished the week on some upbeat news and its first weekly gain in 6 weeks according to Reuters. Today’s PMI (Project Management Institute) suggests the service sector […]

Gold – Looking for Encouragement

Gold – Looking for Encouragement Commentary for Friday, July 15, 2022 (www.golddealer.com) – Gold closed down $2.10 at $1702.40 today and silver closed up $0.38 at $18.55. The best you can say about gold going into this weekend is that pricing has turned flat. And our shiny friend is trading slightly above $1700.00. But with […]

Gold – Defensive. And Then Some

Gold – Defensive. And Then Some Commentary for Friday, July 8, 2022 (www.golddealer.com) – Gold closed up $2.70 at $1740.60 and silver closed up $0.05 at $19.17. I think gold traders were again happy to have a hopefully quiet weekend to get away from all the drama. Gold opened this morning rather flat, basically ignored […]

Gold – Adjusting. Providing options.

Gold – Adjusting. Providing options. Commentary for Friday, July 1, 2022 (www.golddealer.com) – Gold closed down $5.20 at $1798.90 and silver closed down $0.68 $19.60. Gold moved lower on technical selling in the early domestic trade. But it is interesting that New York spot gold bounced off lows ($1785.00), suggesting mild bargain hunting or perhaps […]