Our Almost Famous Gold Newsletter
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 42 years of physical trading experience.
Our Almost Famous Gold Newsletter may include talk about premiums, why they change and how this drives public choice. On occasion we remind readers to be careful about “so-called” bullion products offered by telemarketers who should be ashamed of themselves.
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 – Inflation – Cooling or Intransigent?
Gold – Inflation – Cooling or Intransigent? Commentary for Friday, March 31, 2023 (www.golddealer.com) – Today gold closed down $11.30 at $1969.00, and silver closed up $0.18 at $24.08. The gold trade early Friday was interesting in that the price of gold challenged the familiar $2000.00 level as the release of the Personal Consumption Expenditures […]
Gold – A Pausing Moment Perhaps?
Gold – A Pausing Moment Perhaps? Commentary for Friday, March 24, 2023 (www.golddealer.com) – Today gold closed down $11.70 at $1982.10, and silver closed up $0.11 at $23.25. The gold trade was somewhat weaker today as traders remained anxious over the implied threat of still higher interest rates before the end of this year. At […]
Gold – Banking Woes – Higher Prices
Gold – Banking Woes – Higher Prices Commentary for Friday, March 17, 2023 (www.golddealer.com) – Today gold closed up $50.80 at $1969.80, and silver closed up $0.76 at $22.35. The gold trade was surprised by the surge in prices today. Perhaps this is misplaced because questions about banking liquidity continue, but what makes this a […]
Gold – Surges on Growing Bank Fears
Gold – Surges on Growing Bank Fears Commentary for Friday, March 10, 2023 (www.golddealer.com) – Today gold closed up $32.70 at $1862.00, and silver closed up $0.35 at $20.38. Traders got the Full Monty this week as hawkish Fed rhetoric was overshadowed by bank failure, which focused safe haven demand and created higher gold prices. […]
Gold – Technical Boost
Gold – Technical Boost Commentary for Friday, March 3, 2023 (www.golddealer.com) – Today gold closed up $14.20 at $1847.70, and silver closed up $0.32 at $21.09. The price of gold was off to a good start today in New York, closing in on $1850.00. Traders initially sold the first rally and gold reversed direction, bouncing […]
Gold – Technically Weaker
Gold – Technically Weaker Commentary for Friday, Feb 24, 2023 (www.golddealer.com) – Today gold closed down $9.20 at $1808.80, and silver closed down $0.49 at $20.81. The price of gold drifted lower in the early New York trade but managed to hold above the psychologically important $1800.00 support on the day. The technical picture, however, […]
Gold – Does Worry Matter?
Gold – Does Worry Matter? Commentary for Friday, Feb 17, 2023 (www.golddealer.com) – Today gold closed down $1.60 at $1840.40, and silver closed up $0.01 at $21.69. Gold drifted lower today as the Dollar Index drifted higher. Talk of additional interest rate hikes hurt the bullish scenario. Reuters was working at creating worry this week […]
Gold – Fresh Bullish News Needed
Gold – Fresh Bullish News Needed Commentary for Friday, Feb 10, 2023 (www.golddealer.com) – Today gold closed down $3.40 at $1861.75, and silver closed down $0.07 at $22.03. On the day gold eventually drifted lower reacting to a stronger dollar, renewed world optimism and the hope that the FOMC “disinflation plan” is supported by a […]
