Welcome to Our Almost Famous Gold Newsletter with Richard Schwary, written regularly after the CME close. This commentary will look at the gold, silver, platinum and palladium markets and consider what happened to create these changes on the trading floor. It will also offer world class commentary from other sources in a balanced and straightforward manner.
This Almost Famous Gold Newsletter is not designed to sell products or hype markets. It will offer an opinion about market direction from an old time bullion dealer with 38 years of physical trading experience.
Our Almost Famous Gold Newsletter will sometimes include talk about bullion premiums, why they change and how this affects public choices. And, on occasion we will remind readers to be careful about some “so-called” bullion products offered by telemarketers today.
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The Gold Newsletter Week in Review
Gold Choppy into FOMC News Commentary for Tuesday, September 17, 2019 – Gold closed up $2.00 at $1505.10 in typical trading fashion – the overnight Hong Kong and London markets being steady to somewhat weaker and the domestic market buying the dip moving higher ($1507.00) and then selling off to almost unchanged. If you look […]
Gold Continues to Consolidate Commentary for Wednesday, September 11, 2019 – Gold closed up $4.10 at $1494.40 in quiet trading. If you look at the 30 day pricing chart it is pretty clear the bulls are looking at headwinds. In early August the gold market was choppy – pushing the envelope between $1500.00 and $1520.00 […]
Gold Resting or Not? Commentary for Friday, September 6, 2019 – Gold closed down $9.20 at $1506.20 in another day of “down, then up then down” price action. It drifted lower in the overnight Hong Kong and London trade approaching $1500.00 as the market tried to regain solid footing after Thursday’s weakness. And regardless of […]
Gold Seems Calm into Labor Day Commentary for Friday, August 30, 2019 – Gold closed down $7.40 today at $1519.10 and was up in the aftermarket nearly $4.00. Gold was quiet in the overnight Hong Kong and London trade and the domestic market may be losing some of its mojo as it struggles to push […]
Gold Roars – Trade and FOMC Fears Commentary for Friday, August 23, 2019 – Gold closed up $29.30 today at $1526.60 in a move that frankly surprised a lot of traders. It was flat in the overnight Hong Kong market and looked like it was heading into a quiet weekend when the domestic trade roared […]