Gold Newsletter Archive

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? 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 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 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 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 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? 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 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? 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 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 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 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  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  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  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? 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 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 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 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 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 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 […]

Gold – Remains Firm Commentary for Friday, April 28, 2023 (www.golddealer.com) – Today gold closed up $0.20 at $1990.10, and silver closed up $0.02 at $25.00. The price of gold remained firm this week, trading on both sides of $1990.00. Supported by mild safe haven demand, the Dollar Index, which lost a half point this […]

Gold – Mixed Sentiment Continues Commentary for Friday, April 21, 2023 (www.golddealer.com) – Today gold closed down $28.10 at $1979.50, and silver closed down $0.32 at $25.05. The bullish trade must be disappointed at this week’s gold prices as they continue to see-saw with a negative bias. This trading pattern will likely continue if traders […]

Gold – Encouraged or Discouraged? Commentary for Friday, April 14, 2023 (www.golddealer.com) – Today gold closed down $39.10 at $2002.20, and silver closed down $0.45 at $25.42. The gold trade today is a disappointment to the bulls because a promising week, based on a solid technical picture and increasing buzz failed to move above the […]

Gold – Fresh News Required Commentary for Thursday, April 6, 2023 (www.golddealer.com) – Today gold closed down $9.00 at $2011.90, and silver closed up $0.07 at $25.03. The gold trade today reflected trader indecision, which was typical this week, even though gold touched yearly highs on Wednesday. Today gold touched $2020.00 but traders sold the […]

Gold – Inflation – Cooling or Intransigent? Commentary for Friday, March 31, 2023 (www.golddealer.com) – Today gold closed down $11.30 at $1969.00, and silver closed up $0.18 at $24.08. The gold trade early Friday was interesting in that the price of gold challenged the familiar $2000.00 level as the release of the Personal Consumption Expenditures […]

Gold – A Pausing Moment Perhaps? Commentary for Friday, March 24, 2023 (www.golddealer.com) – Today gold closed down $11.70 at $1982.10, and silver closed up $0.11 at $23.25. The gold trade was somewhat weaker today as traders remained anxious over the implied threat of still higher interest rates before the end of this year. At […]

Gold – Banking Woes – Higher Prices Commentary for Friday, March 17, 2023 (www.golddealer.com) – Today gold closed up $50.80 at $1969.80, and silver closed up $0.76 at $22.35. The gold trade was surprised by the surge in prices today. Perhaps this is misplaced because questions about banking liquidity continue, but what makes this a […]

Gold – Surges on Growing Bank Fears Commentary for Friday, March 10, 2023 (www.golddealer.com) – Today gold closed up $32.70 at $1862.00, and silver closed up $0.35 at $20.38. Traders got the Full Monty this week as hawkish Fed rhetoric was overshadowed by bank failure, which focused safe haven demand and created higher gold prices. […]

Gold – Technical Boost Commentary for Friday, March 3, 2023 (www.golddealer.com) – Today gold closed up $14.20 at $1847.70, and silver closed up $0.32 at $21.09. The price of gold was off to a good start today in New York, closing in on $1850.00. Traders initially sold the first rally and gold reversed direction, bouncing […]

Gold – Technically Weaker Commentary for Friday, Feb 24, 2023 (www.golddealer.com) – Today gold closed down $9.20 at $1808.80, and silver closed down $0.49 at $20.81. The price of gold drifted lower in the early New York trade but managed to hold above the psychologically important $1800.00 support on the day. The technical picture, however, […]

Gold – Does Worry Matter? Commentary for Friday, Feb 17, 2023 (www.golddealer.com) – Today gold closed down $1.60 at $1840.40, and silver closed up $0.01 at $21.69. Gold drifted lower today as the Dollar Index drifted higher. Talk of additional interest rate hikes hurt the bullish scenario. Reuters was working at creating worry this week […]

Gold – Fresh Bullish News Needed Commentary for Friday, Feb 10, 2023 (www.golddealer.com) – Today gold closed down $3.40 at $1861.75, and silver closed down $0.07 at $22.03. On the day gold eventually drifted lower reacting to a stronger dollar, renewed world optimism and the hope that the FOMC “disinflation plan” is supported by a […]

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 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 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 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 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 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  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” 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? 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? 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   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?   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    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!   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 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 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 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 […]