Gold Newsletter Archive

Gold – Another Tough Week

Gold – Another Tough Week Commentary for Friday, May 13, 2022 (www.golddealer.com) – Gold closed down $16.40 at $1807.40 and silver closed up $0.22 at $20.98. The bulls are still trying to gather themselves today as gold notches its fourth weekly dip and struggles to hold the important $1800.00 support. The 30-day pricing chart makes […]

Gold – Inflation or Stagflation?

Gold – Inflation or Stagflation? Commentary for Friday, May 6, 2022 (www.golddealer.com) – Gold closed up $7.20 at $1881.20 and silver closed down $0.07 at $22.33. The bulls are not happy about gold closing down on the week, but it’s time to consider the cup half full. Powell’s half point interest rate hike Wednesday could […]

Gold – Lower Highs and Lower Lows

Gold – Lower Highs and Lower Lows Commentary for Friday, April 29, 2022 (www.golddealer.com) – Gold closed up $20.60 at $1909.30 and silver closed down $0.09 at $23.04. Gold surprised in the early domestic trade offering a mild price rally on what looks like paper short covering going into the weekend. A mild dollar retracement […]

Gold – How Serious is Powell?

Gold – How Serious is Powell? Commentary for Friday, April 22, 2022 (www.golddealer.com) – Gold closed down $13.90 at $1931.00 and silver closed down $0.36 at $24.26. Gold settled this week moderately lower and still defensive, as traders remain focused on interest rate hikes after Chief Powell’s comments Thursday.  WASHINGTON (AP) — “The Federal Reserve […]

Gold – Rangebound with Potential

Gold – Rangebound with Potential Commentary for Thursday, April 14, 2022 (www.golddealer.com) – Gold closed down $10.10 at $1970.90 and silver closed down $0.32 at $25.70. Gold remains “stuck” at the upper end of its trading range. Threatening higher prices as inflation, the Ukraine war, and rising crude oil prices support the bullish gold scenario. As […]

Gold – Firm – Perhaps Rangebound

Gold – Firm – Perhaps Rangebound Commentary for Friday, April 8, 2022 (www.golddealer.com) – Gold closed up $7.80 at $1941.60 and silver closed up $0.09 at $24.82. Gold again pushed modestly higher this morning in what appears to be a combination of mild technical follow through, the stalled Balkan war solution, and rising inflation worldwide. […]

Gold – Steady / Considering the Storm Clouds

Gold – Steady / Considering the Storm Clouds Commentary for Friday, April 1 25, 2022 (www.golddealer.com) – Gold closed down $30.10 at $1919.10 and silver closed down $0.48 at $24.64. Gold drifted lower today, catching up with yesterday’s selloff in the aftermarket. It was helped along as Treasury yields rose and the dollar got stronger. […]

Gold – At the Ready

Gold – At the Ready Commentary for Friday, March 25, 2022 (www.golddealer.com) – Gold closed down $7.80 at $1953.80 and silver closed down $0.30 at $25.60. As US Treasury yields hit fresh two-year highs this morning it is not surprising to see gold settle somewhat from an aggressive week pushed by Ukraine uncertainty and continued […]

Gold Rate Hike – Short Covering – Reality

Gold Rate Hike – Short Covering – Reality Commentary for Friday, March 18, 2022 (www.golddealer.com) – Gold closed down $13.90 at $1928.20 and silver closed down $0.52 at $25.06. Gold saw another volatile week as safe haven demand cooled when Ukrainian peace talks gained momentum and the FOMC interest rate hike increased the bearish sentiment. […]

Gold – Churning for Support

Gold – Churning for Support Commentary for Friday, March 11, 2022 (www.golddealer.com) – Gold closed down $15.40 at $1982.70 and silver closed down $0.09 at $26.11. Gold pushed lower on the open today, likely reacting to a combination of technical selling, Putin’s suggestion that peace talks are making progress and trader certainty that a quarter […]

Gold – Higher on Uncertainty

Gold – Higher on Uncertainty  Commentary for Friday, March 4, 2022 (www.golddealer.com) – Gold closed up $30.70 at $1965.10 and silver closed up $0.57 at $25.78. Gold pushed higher on the open today as the Russian / Ukraine conflict becomes more complicated and dangerous – fueling safe haven demand. This makes the fourth weekly gain […]

Gold – Opportunity is Knocking 

Gold – Opportunity is Knocking  Commentary for Friday, Feb 25, 2022 (www.golddealer.com) – Gold closed down $38.60 at $1886.50 and silver closed down $0.69 at $24.00. Gold trading in the domestic market today reflected the steep drop in price we saw in yesterday’s aftermarket as the Russians attacked the Ukraine. There are no surprises here. […]

Gold – Tension is Mounting, For Now

Gold – Tension is Mounting, For Now Commentary for Friday, Feb 18, 2022 (www.golddealer.com) – Gold closed down $2.10 at $1898.60 and silver closed up $0.12 at $23.99. Gold opened choppy this morning but held just below the important $1900.00 level as tensions over the Ukraine eased somewhat over the possibility of diplomatic talks next […]

Gold – The Fed or Russian Hammer?

Gold – The Fed or Russian Hammer? Commentary for Friday, Feb 11, 2022 (www.golddealer.com) – Gold closed up $4.60 today at $1840.80 and silver closed down $0.15 at $23.37. Gold opened with a yawn this morning looking forward to next week’s FOMC meeting and closed moderately higher. But the aftermarket jumped $20.00 on heightened Russian […]

Gold – Waiting on the Fed

Gold – Waiting on the Fed Commentary for Friday, Feb 4, 2022 (www.golddealer.com) – Gold closed up $3.60 today at $1806.60 and silver closed up $0.10 at $22.48. Gold again dipped on the open as the US jobs report came in hot, greatly exceeding expectations, which reinforces Chief Powell’s claim that the Fed has “plenty […]

Gold – Continues to Struggle

Gold – Continues to Struggle   Commentary for Friday, Jan 28, 2022 (www.golddealer.com) – Gold closed down $8.40 at $1784.90 and silver closed down $0.37 at $22.30. Gold opened weaker again today with follow through technical selling as the fear of rising interest rates emphasizes the bearish scenario. The fact that the Fed will likely raise […]

Gold – Firm and Cautious 

Gold – Firm and Cautious   Commentary for Friday, Jan 21, 2022 (www.golddealer.com) – Gold closed down $10.70 at $1831.80 and silver closed down $0.40 at $24.31. The uptrend in gold is struggling with overhead resistance at $1840.00 but still gets the green light from technical traders. The bullish inflationary case will be put to the […]

Gold – Still Waiting

Gold – Still Waiting Commentary for Friday, Jan 14, 2022 (www.golddealer.com) – Gold closed down $4.70 today at $1816.50 and silver closed off $0.25 at $22.91. Recent weakness in the US Dollar Index, this morning’s slide in treasury yields, the disappointing US December retail sales number and increased physical demand from India underpin gold pricing. […]

Gold – The Bears Roar 

Gold – The Bears Roar  Commentary for Friday, Jan 7, 2022 (www.golddealer.com) – Gold closed up $8.30 today at $1797.00 and silver closed up $0.22 at $22.39. Considering this week’s sudden shift in gold sentiment from bullish to bearish our shiny friend seems to be holding up. Better than expected on the short term. Still, […]

Gold Welcomes 2022 Uncertainty 

Gold Welcomes 2022 Uncertainty  Commentary for Thursday, Dec 30, 2021 (www.golddealer.com) – Gold closed up $7.60 at $1812.70 and silver closed up $0.18 at $23.03. Gold opened flat this morning in thin holiday trading as the Dollar Index remained steady. But soon pushed to weekly highs before settling for something more modest. This provided minor […]

Gold Trends Higher – Santa Approaches

Gold Trends Higher – Santa Approaches Commentary for Wednesday, Dec 22, 2022 (www.golddealer.com) – Gold closed up $13.70 at $1801.60 and silver closed up $0.29 at $22.79. Just a reminder – we will be closed Thursday and Friday for Christmas and send our best wishes to each of you for a joyful holiday season. As […]

Gold – A Deserved Rally

Gold – A Deserved Rally Commentary for Friday, Dec 17, 2021 (www.golddealer.com) – Gold closed up $7.20 today at $1803.80 and silver closed up $0.05 at $22.51. Gold pushed higher on the open today but saw significant overheard resistance at $1815.00 and traders sold the rally. Still this week has revitalized bullish gold sentiment as […]

Gold – The Interest Rate Challenge

Gold – The Interest Rate Challenge Commentary for Friday, Dec 10, 2022 (www.golddealer.com) – Gold closed up $8.30 today at $1782.90 and silver closed up $0.19 at $22.16. Gold dipped on the open today, but a hot Consumer Price Index encouraged traders to buy the dip and gold pushed towards $1790.00 before the usual profit […]

Gold – “Wait and See”

Gold – “Wait and See” Commentary for Friday, Dec 3, 2022 (www.golddealer.com) – Gold closed up $21.30 today at $1782.00 and silver closed up $0.17 at $22.45. I expected more turbulence than was offered this week because of the new Omicron threat. Gold was erratic in early trading between $1765.00 and $1775.00 but managed to […]

Gold – Closed Quietly – Today Only

Gold – Closed Quietly – Today Only Commentary for Wednesday, Nov 24, 2022 (www.golddealer.com) – Gold closed up $0.60 at $1784.10 and silver closed up $0.06 at $23.50. I expected continued pressure on gold today as the Dollar Index pushed to a whopping 97.00. And unemployment numbers continued lower. But surprisingly gold has held steady […]

Gold – Holding Pattern?

Gold – Holding Pattern? Commentary for Friday, Nov 19, 2022 (www.golddealer.com) – Gold closed down $9.80 at $1851.20 and silver closed down $0.12 at $24.78. Gold dipped on the open today – bounced back on mild bargain hunting but sold off again before market close. Suggesting the consolidation pattern around $1860.00 might be developing a […]

Gold – Inflation Worries Persist

Gold – Inflation Worries Persist Commentary for Friday, Nov 12, 2022 (www.golddealer.com) – Gold closed up $4.70 at $1867.90 and silver closed up $0.04 at $25.34. Gold opened weaker, turned choppy and finally pushed into the green today as traders bought the dip. Consumer sentiment from the University of Michigan study showed the lowest reading […]

Gold – Remarkably Steady

Gold – Remarkably Steady Commentary for Friday, Nov 5, 2022 (www.golddealer.com) – Gold closed up $23.40 at $1816.40 and silver closed up $0.24 at $24.15. Both gold and silver held up surprisingly well this week closing today at monthly highs. And the past 5 days have been a roller coaster ride as the FOMC announced […]

 Gold – Down on Inflation News?

 Gold – Down on Inflation News? Commentary for Friday, Oct 29, 2022 (www.golddealer.com) – Gold closed down $18.60 today at $1783.00 and silver closed down $0.17 at $23.95. The fact that gold sold off on hot inflation news should not be a surprise, although it is counterintuitive. Higher inflation numbers pushed the Dollar Index higher […]

Gold – Rising Prices & Turbulence

Gold – Rising Prices & Turbulence Commentary for Friday, Oct 22, 2022 (www.golddealer.com) – Gold closed up $14.30 at $1795.50 today and silver closed up $0.28 at $24.43. Gold pushed nicely over $1800.00 in early morning trading, but the paper trade got cold feet after hearing today’s hawkish comments from Fed Chief Powell and while […]

Gold – Still Making up its Mind

Gold – Still Making up its Mind Commentary for Friday, Oct 15, 2021 (www.golddealer.com) – Gold closed down $29.50 at $1767.20 today and silver closed down $0.13 at $23.33. Not to see gold follow through after the big jump in prices Thursday will disappoint the bulls. And some will suggest today’s loss is the result […]

Gold – Fed or No Fed?

Gold – Fed or No Fed? Commentary for Friday, Oct 8, 2021 (www.golddealer.com) – Gold closed down $1.60 today at $1756.30 and silver closed up $0.05 at $22.68. To say this was a confusing trading week would be an understatement. Pensive market sentiment moved from bearish to bullish and back to mildly bearish. By today’s […]

Gold – Is the Buzz Returning?

Gold – Is the Buzz Returning? Commentary for Friday, Oct 1, 2021 (www.golddealer.com) – Gold closed up $1.70 at $1757.00 and silver closed up $0.49 at $22.51. To say that gold had an interesting week would be an understatement today. Traders moved from slightly bearish to more bearish and from worried to confused. Bearish professionals […]

Gold – Pensive and Steady

Gold – Pensive and Steady Commentary for Friday, Sept 24, 2021 (www.golddealer.com) – Gold closed up $2.00 at $1749.70 and silver closed down $0.25 at $22.39. While gold had both a turbulent and tough week psychologically – some short covering going into the weekend was welcomed. It’s puzzling that renewed worries of an Evergrande bankruptcy […]

Gold – The Bears Return

Gold – The Bears Return Commentary for Friday, Sept 17, 2021 (www.golddealer.com) – Gold closed down $5.20 at $1749.40 and silver closed down $0.45 at $22.30. While gold prices look to be stabilizing after yesterday’s big 3% drop there was little bounce in early trading today which is disappointing. The upcoming FOMC meeting this Monday […]

Gold – Tapering Worries

Gold – Tapering Worries Commentary for Friday, Sept 10, 2021 (www.golddealer.com) – Gold closed down $7.80 at $1789.60 and silver closed down $0.27 at $23.86. Gold finishes the week under a “tapering” cloud as commercials lose interest. And gold remains left footed even in the face of rising inflation numbers. But to say the bears […]

Gold – Jobs Miss / Gold Higher

Gold – Jobs Miss / Gold Higher Commentary for Friday, Sept 3, 2021 (www.golddealer.com) – Gold closed up $22.20 at $1830.90 and silver closed up $0.88 at $24.76. The bulls finished the week with a smile as the US jobs number “missed” and the Dollar Index moved lower pushing gold higher. Still, traders have talked […]

Gold – No Tapering Timeline, Yet

Gold – No Tapering Timeline, Yet Commentary for Friday, Aug 27, 2021 (www.golddealer.com) – Gold closed up $24.40 at $1816.60 and silver closed up $0.51 at $24.06. The bulls welcomed good news today as Fed Chief Powell closed the Jackson Hole get together with a cautious tapering view. The dollar moved lower, and gold challenged […]

Gold – Quiet/Strong Dollar

Gold – Quiet/Strong Dollar Commentary for Friday, Aug 20, 2021 (www.golddealer.com) – Gold closed up $0.80 at $1781.00 and silver closed down $0.11 at $23.11. Again, this week there was the usual round of opinions. Worth noting however is that the Dollar Index is trading at 10-month highs and gold still maintains its bearing ($1781.00). […]

Gold at Weekly Highs / Worry Grows

Gold at Weekly Highs / Worry Grows Commentary for Friday, Aug 13, 2021 (www.golddealer.com) – Gold closed up $26.20 at $1775.20 and silver closed up $0.66 at $23.77. This week will leave both paper and physical traders scratching their heads as the sentiment guru switched sides. And is likely still not satisfied. The week began […]

Gold – Staggered / Jobs Strong

Gold – Staggered / Jobs Strong Commentary for Friday, Aug 6, 2021 (www.golddealer.com) – Gold closed down $45.10 at $1760.00 and silver closed down $0.97 at $24.31. I’m sure that today’s closes in gold and silver were enough to convince a few veteran traders to turn in their official identification and join the circus. Not […]

Gold – Bullish or Bearish? Again?

Gold – Bullish or Bearish? Again? Commentary for Friday, July 30, 2021 (www.golddealer.com) – Gold closed down $18.60 at $1812.60 and silver closed down $0.23 at $25.53. Today’s close in gold will be a disappointment to the bullish camp considering all the hoopla created over Powell’s dovish statements Wednesday. Still, my take is that investors […]

Gold – Testing Support

Gold – Testing Support Commentary for Friday, July 23, 2021 (www.golddealer.com) – Gold closed down $3.60 today at $1801.40 silver closed down $0.15 at $25.22. The gold market this week would appear bearish to a pessimist, but this may turn out to be a typical knee jerk reaction. Yes, prices have trended lower, but it […]

Gold – Overhead Resistance

Gold – Overhead Resistance Commentary for Friday, July 16, 2021 (www.golddealer.com) – Gold closed down $13.90 at $1814.50 today and silver closed down $0.60 at $25.78. The gold futures market for more than an hour today tried to break above $1826.00. But this “hard” overhead resistance proved to be a “bridge too far”. And in […]

Gold – Mixed Signals?

Gold – Mixed Signals? Commentary for Friday, July 9, 2021 (www.golddealer.com) – Gold closed up $10.40 at $1810.00 today and silver was higher by $0.24 at $26.21. The gold trade going into the weekend remains mixed but perhaps promising. The bullish outlook is improving yet subject to Fed governors who like to speculate over some […]

Gold – A Cautious Long Weekend

Gold – A Cautious Long Weekend Commentary for Friday, July 2, 2021 (www.golddealer.com) – Gold closed up $6.70 at $1782.60 with a positive $8.00 aftermarket. Silver closed up $0.40 at $26.48. The much-expected job numbers were out today, and the picture is mixed. The US added jobs, but unemployment also moved higher. It is the […]

Gold – Quiet Summer Trading

Gold – Quiet Summer Trading Commentary for Friday, June 25, 2021 (www.golddealer.com) – Gold closed up $1.00 at $1776.60 and silver closed up $0.03 at $26.08. While there was some inflation excitement in the early gold trade, the market sold off at $1790.00 and finished the day almost unchanged. For now, traders and investors seem […]

Gold – A Bad Week

Gold – A Bad Week Commentary for Friday, June 18, 2021 (www.golddealer.com) – Gold closed down $5.90 at $1767.90 and silver closed up $0.12 at $25.96. The Fed’s latest news release this past Wednesday created a fire storm in the metals and historic washout, negating an upward trend in gold and pushing the Dollar Index […]

Gold – Narrow Ranges/Mixed Sentiment

Gold – Narrow Ranges/Mixed Sentiment Commentary for Friday, June 11, 2021 (www.golddealer.com) – Gold closed down $16.80 at $1877.40 and silver closed up $0.11 at $28.13. Last week’s volatility in both gold and silver has been replaced with tight trading ranges this week. Most likely because trading conversation has been split over shorter term direction. […]

 Gold – Volatile Uncertainty

 Gold – Volatile Uncertainty Commentary for Friday, June 4, 2021 (www.golddealer.com) – Gold closed up $18.60 at $1889.80 and silver closed up $0.42 at $27.88. The gold market surprised to the upside today as most expected further downside action as seen on Thursday. The primary bullish driver was a weaker dollar but a slide in […]