Gold Newsletter Archive

Gold –  Volatility Returns

Gold –  Volatility Returns Commentary for Friday, July 12, 2024 (www.golddealer.com) – Today gold closed down $1.00 at $2414.00, and silver closed down $0.50 at $30.89. After Thursday’s round of fireworks to the upside it must be a disappointment to bullish sentiment to see gold momentum fizzle into the weekend. Still the optimism cup is more than […]

Gold – It’s Still About Interest Rates 

Gold – It’s Still About Interest Rates  Commentary for Friday, July 5, 2024 (www.golddealer.com) – Today gold closed up $28.70 at $2388.50, and silver closed up $0.84 at $31.39. While this week began rather quietly it woke up nicely on Wednesday and Friday, even though our domestic trade was closed Thursday for Independence Day. The prime mover […]

Gold – A Choppy Week

Gold – A Choppy Week  Commentary for Friday, June 28, 2024 (www.golddealer.com) – Today gold closed up $3.20 at $2327.70, and silver closed up $0.32 at $29.24. It has been another one of those choppy weeks, with plenty of noise from both sides of the aisle. But all in all, gold is still holding ground above the […]

Gold – Another Surprise!

Gold – Another Surprise!  Commentary for Friday, June 21, 2024 (www.golddealer.com) – Today gold closed down $37.40 at $2316.40, and silver closed down $1.21 at $29.57. While the early market trade was flat, traders in a rather surprising turn sold this market and gold plummeted towards $2310.00. The reason behind this surprise is the latest PMI numbers. […]

Gold – Short Term Uncertainty 

Gold – Short Term Uncertainty  Commentary for Friday, June 14, 2024 (www.golddealer.com) – Today gold closed up $31.20 at $2331.40, and silver closed up $0.41 at $29.40. Gold and silver prices are still trying to get on their feet after the rather dramatic reaction to last week’s economic and inflation rhetoric. But gold and silver traders seemed […]

Gold – What a Ride!

Gold – What a Ride! Commentary for Friday, June 7, 2024 (www.golddealer.com) – Today gold closed down $65.10 today at $2305.20, and silver closed down $1.91 at $29.34. Another surprise finish to a week of very volatile pricing as traders move between bullish and bearish scenarios for both gold and silver. The trading quandary was in place, […]

Gold – Continues to Find Support

Gold – Continues to Find Support Commentary for Friday, May 31, 2024 (www.golddealer.com) – Today gold closed down $20.00 at $2322.90, and silver closed down $1.09 at $30.30. This was a short week considering the domestic markets were closed for Memorial Day. Gold prices did spike higher on the open but reversed direction and finished the day […]

Gold – The Big Pushback

Gold – The Big Pushback Commentary for Thursday, May 23, 2024 (www.golddealer.com) – Today gold closed down $54.20 at $2335.00, and silver closed down $1.02 at $30.28. This was not an optimistic week for the bulls, as overhead resistance proved stronger than most believed, and the technical outlook moved from promising to ominously bearish. This quick turn […]

Gold – Above $2400.00!

Gold – Above $2400.00! Commentary for Friday, May 17, 2024 (www.golddealer.com) – Today gold closed up $32.20 at $2412.20, and silver closed up $1.38 at $31.05. Another solid week for gold and silver as each metal moved to recent highs with conviction this morning. Gold challenged $2415.00 and silver broke through $30.00 overhead resistance with a few […]

Gold – Gaining Momentum

Gold – Gaining Momentum Commentary for Friday, May 10, 2024 (www.golddealer.com) – Today gold closed up $35.20 at $2367.39, and silver closed up $0.15 at $28.28. As they say, you can’t argue with success, and today’s “break” to the upside in gold reinforces its technical picture and the notion that the Fed is moving away from its […]

Gold – Volatility Increases

Gold – Volatility Increases Commentary for Friday, May 3, 2024 (www.golddealer.com) – Today gold closed down $0.20 at $2299.00, and silver closed down $0.13 at $26.45. Price volatility this week certainly took the buzz out of bullish sentiment in the short term, but let’s not prematurely frown. This volatility may be the harbinger of good news for […]

Gold – Opportunity or Trouble?

Gold – Opportunity or Trouble? Commentary for Friday, April 26, 2024 (www.golddealer.com) – Today gold closed up $5.00 at $2334.80, and silver closed down $0.10 at $27.24. The bulls are definitely not happy this week considering Monday’s large drop of $66.20 but the interesting part of this story is that while gold did drift a bit lower […]

Gold – The Middle East & The Fed?

Gold – The Middle East & The Fed? Commentary for Friday, April 19, 2024 (www.golddealer.com) – Today gold closed up $16.10 at $2398.40, and silver closed up $0.48 at $28.81. Gold, while still firmly priced within the range, saw a back and forth seesaw in pricing this week as the Middle East danger rose dramatically and then […]

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 […]