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 Settles Quietly into the Weekend Commentary for Friday, July 19, 2019 – Gold closed down $1.00 today at $1425.10. This past Monday we closed at $1411.40 so on the week we are up $13.70 – not much really considering all the drama. The price action was however worth a close look – on the […]
Gold – Breaking Higher or Lower? Commentary for Tuesday, July 16, 2019 (www.golddealer.com) – Gold closed down $2.20 today at $1409.20 in typical summer trading with typical “up and down” chop. Everyone is sweating gold’s technical picture these days – more so than usual because the sustained “back and forth” price action is looked upon […]
Gold Reasonably Firm – For Now Commentary for Friday, July 12, 2019 (www.golddealer.com) – Gold closed up $5.60 today at $1409.90. We closed Monday at $1397.00 so while the week offered a few surprises gold’s close today represented a rather modest gain of $12.00. It’s the surprise up a further $6.00 in the aftermarket that […]
Gold Closes Virtually Unchanged Commentary for Tuesday, July 9, 2019 – Gold closed up $0.50 today in quiet trading at $1397.50. It traded choppy overnight in Hong Kong and London and moved on both sides of unchanged in the domestic trade. Not too exciting as this market continues to sort out cross currents from the […]
Gold Closes Firm – Again Commentary for Wednesday, July 3, 2019 – Gold closed up $13.10 – off its highs on the day but still solidly in the green at $1417.70. The theory being that gold spiked higher after ADP payroll numbers disappointed suggesting that the FOMC is more likely to lower interest rates in […]