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.
In a world which has been turned on its head with currency expansion Our Almost Famous Gold Newsletter is finding a niche among precious metals readers looking for something fun, useful and not too serious.
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The Gold Newsletter Week in Review
Gold – Stable on the Week Commentary for Friday, April 3, 2020 – Gold closed up $8.00 today at $1633.70. Last Friday gold closed at $1623.90 so on the week we have lost $9.80 which suggests a more stable market, which is a blessing considering the growing virus threat. Don’t get the idea that just […]
Gold – What’s Next? Commentary for Friday, March 27, 2020 (www.golddealer.com) – Gold closed down $26.20 today at $1623.90. It closed Monday of this week at $1567.00 so in the past 5 trading days we are up $56.90. You can see price volatility still rules. Most already know that LA Country has closed our walk-in […]
Gold Remains Under Pressure Commentary for Friday, March 20, 2020 (www.golddealer.com) – Gold closed up $5.40 today at $1484.00 is choppy trading which moved from $1480.00 through $1520.00. As of today, walk-in trade will be temporarily discontinued until April 19th at which time the City of Los Angeles will and provide further guidance. In the […]
Gold Continues to Struggle Commentary for Friday, March 13, 2020 – Gold closed down $73.60 today at $1515.70 as investors continue to liquidate. The close last Monday was $1674.50 so its been a tough week for our shiny friend losing $158.80. We saw a mild bounce in stock prices after yesterday’s deluge, but this market […]
Gold Firm – In a Nervous Market Commentary for Friday, March 6, 2020 – Gold closed up $4.40 at $1670.80 today. We closed at $1592.30 last Monday so on the week it finished up $78.50 in another wild market ride. These past 30 days the volatility repeats moving from $1560.00 through $1660.00 and quickly dropping […]