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 – “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 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? 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 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 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 […]